Windows 10: Facebook announces new Calibra digital wallet for Libra cryptocurrency

Source: Coming in 2020: Calibra | Facebook Newsroom

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ARCHOS Announces the Safe-T mini Hardware Wallet for Storing Cryptocurrencies

ARCHOS is providing cryptocurrency enthusiasts with the perfect hardware wallet to secure their bitcoins and other currencies, to ensure cold storage of private keys and to prevent hacking attempts. Unveiled at the MWC 2018 (Hall 6 - Stand B60), the ARCHOS Safe-T mini will be available starting June 2018, at 49.99 €.

ARCHOS is an active member of the SYSTEMATIC PARIS-REGION cluster who has created a specific branch Digital Trust & Security aiming to promote and develop worldwide champions in cybersecurity. ARCHOS Safe-T mini is in line with the dynamics of this thematic group, which, on the cryptocurrency, has partners like Secure-IC, OCamlPro or Gemalto. Digital Trust & Security has also supported and facilitated the emergence and deployment of major collaborative projects such as iTrac or MoneyTrack.






The ARCHOS Safe-T mini is the first development of the ARCHOS R&D team in this field. The team provided its expertise in securing cold storage data, and in designing and developing the ARCHOS Safe-T mini. To ensure the process traceability, the device will be manufactured in France.

ARCHOS Safe-T Mini main security specifications:

• It generates and stores a private key on the wallet offline and prevents hackers from gaining access to the private key while online.
• It executes all crypto operations on the device, offline.
• It embeds a screen to display transaction information to let the holder check the transaction details before signing, for security. There is no way for hackers to modify transactions unnoticed.
• It restrictively requires manufacturer software on the device while requesting the set-up of a PIN code to ensure that only the owner can access and use it.

ARCHOS Safe-T mini connects easily to a computer or a mobile device using a micro USB cable. Once having set the required 4 to 9 digit PIN password, it generates and safely stores a private key. Every transaction is displayed on the screen and must be physically approved using the buttons of the wallet. It allows managing the sending and receiving of coins from other wallets in a very simple way. In case the hardware wallet is broken, lost or stolen, the holder benefits from a back-up thanks to the recovery seed key.

The ARCHOS Safe-T mini is compatible with the following softwares: Electrum, MyCrypto, GreenAddress/Greenbits and Mycelium. It supports Bitcoin, Bitcoin Cash, Dash, Litecoin, Zcash, and Ethereum and more to come.

ARCHOS Safe-T mini's main specifications are:

• CPU: 120 MHz ARM processor Cortex-M3
• LCD: OLED 128x64p
• Size: 58mm x 7,8mm
• Connectivity: Micro USB HID 2.0
• OS compatibility: Google Android, Linux, Mac OS X, Microsoft Windows

In 2018, ARCHOS will start addressing vertical markets to meet the needs of cryptocurrency holders, with new features allowing users to:

• Increase the security of their transactions
• Gain on straightforwardness to trade cryptocurrencies
• Be able to exchange easily their currencies

ARCHOS has elected DomRaider Group as its first partner. The two French companies will promote the ARCHOS Safe-T mini towards the DomRaider community.

DomRaider Group has recently completed its highly successful ICO campaign exceeding the target by selling 560 million tokens to contributors around the world. DomRaider Group introduced Auctionity, its blockchain to decentralize and to secure auctions on a worldwide scale, using its DomRaider Token (DRT) as a payment guarantee.

ARCHOS and DomRaider Group will launch a co-branded version of the ARCHOS Safe-T mini.

 

The State of Cryptocurrency

USA BANS FIRST CRYPTO CURRENCY
The US has formally banned the trade of Venezuela's new state-backed cryptocurrency.
The announcement came after an executive order by the Trump administration that lists the cryptocoins among the items prohibited by a new set of sanctions on the South American country.

"All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order," the executive order reads.

>>>>>............................................................................................................................................<<<
The Start of a Slippy Slope ... or .....
Full story here >Trump blocks use of Venezuelan Petro cryptocoins in the US

 

Coinbase Commerce is a New Cryptocurrency Payment Program for Vendors

Coinbase, one of the world's largest - and more transparent, in legal terms - cryptocurrency exchanges, has announced the start of a new cryptocurrency payment program. Coinbase Commerce is a new service that enables merchants to accept multiple cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum and Litecoin) directly into a user-controlled wallet as payment for services rendered or products acquired. Coinbase Commerce can be directly integrated into a merchant's checkout flow or added as a payment option on an e-commerce platform with just an email address and a phone.

This is another step to cryptocurrency world domination, and one of the most important steps towards widespread adoption of these as actual stores of value. The difficulty of translating cryptocurrency into real world value and products - which has seen better days, but has since seen key players withdraw from accepting these as payments - is one of the remaining walls towards widespread, mainstream adoption, and could provide a window for crypto in general to abandon its actual relevance as mere speculative investment. Some platforms already exist - TenX and BitPay come to mind, for instance. however, Coinbase as an exchange has some of the more solid footings in the cryptocurrency industry - and financial markets as well - so this is definitely a high-impact move that could help cement a future based in cryptocurrency trades.