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IOTA News: IOTA Gains Support on New Hardware Wallet

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IOTA news
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According to recent IOTA news, MIOTA has now officially integrated with Ledger’s hardware wallet. The announcement, which came via blog post and Twitter, states that the wallet is also compatible with Romeo wallet, as well as Trinity wallet.

The integration is vital due to the fact that it allows users to isolate their private account seeds from their devices such as smartphones and computers. As a result, the security is enhanced, and a chance of a third party gaining access to these accounts is reduced.

The collaboration will focus on security

Eric Larcheveque, Ledger’s CEO, stated that both IOTA and Ledger aim to provide their users with the security of the highest level. IOTA news that announced the collaboration between the two sparked development of a compatibility feature that would allow users to store, access, and manage their tokens on Ledger’s wallet.

The Ledger Nano S hardware wallet is created with an operating system called BOLOS. This is a system that is integrated into a secure chip. A lot of people are already familiar with this type of chip, as this exact one is used for passports, credit cards, and alike.

The final product is a platform resistant to tampering, and capable of providing a secure environment for data and various apps. Considering that hacking the secure chips is a very difficult process, devices are additionally secured. The fact that hardware wallets are usually used as cold wallets increases the security level even more, and this is what has allowed Ledger to develop such an excellent reputation as a strong, secure wallet in the first place.

IOTA’s co-founder, David Sonstebo, also commented that the team is excited to work with Ledger, but also proud of the community that has made the collaboration possible.

Ledger started off in 2014 as a security and infrastructure solution for blockchain and crypto. Since then, it had groundbreaking solutions that allowed it to rise up to the position of this industry leader. It has headquarters in San Francisco and Paris, and it employs over 200 professional developers and experts for various products and services.

The IOTA news that announced MIOTA being supported by Ledger came only a few weeks after Ledger adopted two other coins — Waves and EOS. In addition, Ledger also works on expanding its Ledger Live app, which is available on Linux, Windows, and Mac, and it serves as an all-in-one app for its users.

As for IOTA, the coin has yet to show any serious price jump caused by the new development. At the time of writing, IOTA is trading in red (by a fraction), with a price of $0.5029 per coin, and a 0.75% decrease in the last 24 hours. IOTA has made significant progress in 2018 when it comes to entering various collaborations. While the newest one is with Ledger, the biggest ones include different car makers who plan to use IOTA’s network for connecting new vehicles via the blockchain technology.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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