• Coinberry Traders Keep Control of Keys With BRD Crypto Wallet Integration

    Coinberry Traders Keep Control of Keys With BRD Crypto Wallet Integration

    Cryptocurrency trading service Coinberry has partnered with BRD, a secure bitcoin wallet service, in a deal that promises to bring BRD’s Canadian users onto Coinberry’s no-fee trading platform. The deal was announced on Monday, August 20, 2018, at the Blockchain Futurist Conference in Toronto, Ontario.

    Toronto-based Coinberry is the first federally registered, commission-free trading platform for crypto assets in Canada, creating value for users using proprietary algorithms to source desirable crypto asset prices from trusted exchanges. BRD (formerly known as Bread Wallet), for its part, operates from its headquarters in Switzerland, providing crypto wallet services for more than $8 billion worth of assets to over 1.2 million customers in more than 150 countries around the world.

    Working together under the new partnership, the plan is to integrate Coinberry’s fee-free platform with BRD’s non-custodial wallet in a deal that promises to have a positive impact on the Canadian crypto industry. With this alliance, BRD has secured a reliable partner that would enable faster payments (on-ramp) and remittances (off-ramp) into fiat.

    In an interview with Bitcoin Magazine, BRD Chief Product Officer James MacWhyte said:

    “They [Coinberry] are the only solution that allows users to get bitcoin using Canadian dollars in Canada. We actually don’t have a way to do that right now. If I’m a BRD user, I don’t have a way to get coins within the platform. We want to give choice and opportunity for our users to be empowered to hold their own cryptocurrency assets. [Coinberry] provides them an easy way to buy crypto, but we don’t want to hold that crypto. That’s where BRD comes in because that’s what we provide — we’re a cryptocurrency wallet.”

    BRD’s non-custodial wallet technology uses a decentralized framework to remove the centralized risk factor of a single “honeypot” that hackers can exploit to harvest data or pass it across to any centralized authority.

    It allows users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times, which is a crucial consideration at a time when exchanges are proving to still be vulnerable to hacks.

    Speaking with Bitcoin Magazine at the conference, Coinberry President Andrei Polikov explained the reasoning behind the partnership.

    “BRD is both a pioneer and technology leader in cryptocurrency, and we are very excited to join forces. BRD’s wallet has all the functionality a crypto user could want, and we expect BRD’s community will enjoy taking advantage of Coinberry’s great rates on crypto. You should be in control, and you should be holding your assets.”

    For his part, BRD Chief Strategy Officer Aaron Lasher praised the security and simplicity that the integration will create for users.

    “Eventually our users will be able to just hit a toggle switch and move from their Coinberry account to their BRD wallet, not even needing to worry about private or public keys. That sort of integration is possible with trading partnerships like this.”

    This article originally appeared on Bitcoin Magazine.

  • Crypto Industry Consortium Launches Self-Policing Program

    Crypto Industry Consortium Launches Self-Policing Program

    ECoinmerce, a DAO e-commerce platform, has announced the launch of the Crypto Community Watch program, in partnership with a consortium of crypto industry organizations including ICO Alert, GZH, Step VC and NewEconomies. The main purpose of the program is to create an anonymous tip line as well as a whistleblower reward mechanism to deal with the problem of cryptocurrency scammers and hackers.

    The program aims to create a community within the crypto world that shares information about crypto bad actors while laying the groundwork for efficient punishment by law enforcement. The program hopes to create a sufficient deterrent against crypto crime, while rewarding those who come up with beneficial information toward this goal.

    Speaking with Bitcoin Magazine on the importance of the program, ECoinmerce COO Rex Chen said he was optimistic about the prospects of the program but believes getting “widespread buy-in and adoption” is critical.

    “The crypto scene revolves around collaboration, open source, transparency, etc. and this is an extension of that. We all complain about ‘FUD’ and warn each other about the dangers in the space (ex. don’t hold your funds on exchanges for a long time), but very little is actually being done about the dangers of scams, hacks, etc. If people can collaborate on self-policing the same way they collaborate on Github while coding, the industry will get much better as a whole regarding outing scammers, hackers, etc.”

    The provision of a 100 BTC reward pool has been made within a third-party escrow wallet. The group states that all tips on fraudulent or illegal activity are completely anonymous and can be submitted via a Google Document, with only a bitcoin wallet address and no identifying information requested. If the information provided leads to a successful prosecution, the whistleblower receives a bitcoin reward in their wallet.

    Steps will be taken to ensure the mechanisms used for reporting and investigation are not abused. Chen says rewards won’t automatically be given to whistleblowers who simply provide information. Once tips are submitted, they will be “investigated by multiple members of the Crypto Community Watch program” for credibility.

    Furthermore, Chen emphasizes that “all reported companies or individuals are innocent until proven guilty.”

    The program is intended to support law enforcement officials who have the power to bring legal action against bad actors in the crypto space. Through a Github-style collaborative effort, it is hoped that the industry will get better at outing scammers, hackers and other undesirable elements.

    “Most law enforcement agencies have their own tip lines and email addresses,” says Chen. “What they lack is incentive. Whistleblowers put themselves in harm’s way — financially (if they’re involved in the fraudulent project), socially and, in the worst cases, physically. So, as a community, we need to reward this type of behavior with something more than a pat on the back.”

    For transparency, all anonymous tips are publicly available on the program’s website.

    This article originally appeared on Bitcoin Magazine.

  • SoftBank Denies Reports of Bitmain Deal; Bitmain Still Silent

    SoftBank Denies Reports of Bitmain Deal; Bitmain Still Silent

    Japanese telecom giant SoftBank has denied media reports of its involvement in a pre-IPO funding round of bitcoin mining rig manufacturer Bitmain.

    Last week, several media outlets had reported that SoftBank and Chinese internet giant Tencent were leading a pre-IPO funding round for Bitmain. The new information comes on the heels of a report that shows Bitmain unloaded most of its bitcoin (BTC) to accumulate bitcoin cash (BCH).

    According to last week’s story, SoftBank and Tencent invested an undisclosed amount of money in the world’s most valuable bitcoin mining rig maker, bringing its valuation to about $15 billion a few weeks before its planned Hong Kong IPO.

    Originally published on the Chinese platform QQ on August 4, 2018, the story was rapidly reproduced and reblogged around the world, It claimed that the funding round was made up of several investors including China Gold, SoftBank and Tencent.

    Crypto news publication Cointelegraph reports, however, that following last week’s widely syndicated story, an anonymous source reached out with a tip stating that neither SoftBank nor Tencent were actually involved in the pre-IPO funding round.

    Responding to Bitcoin Magazine’s request for comment, Kenichi Yuasa of SoftBank’s corporate communication office called the rumors “background talk” not worth mentioning, stating:

    Neither the SoftBank Group Corp. nor the SoftBank Vision Fund were involved in the deal.

    SoftBank has been noted for its interest in blockchain technology, having trialed a blockchain-based, cross-carrier telecom payment system in September 2017. Tencent, for its part, is now counted as a truly global tech player, having surpassed Facebook’s market capitalization in 2017.

    Investment from either of these behemoths would not only strengthen Bitmain’s financial position but would also indicate to the market that they believe in its long-term growth potential.

    Conversely, if the story was shared with an intent to deceive the market, this could lend credence to a growing number of voices that believe that Bitmain is not inhabiting the fantastic market space it claims to be.

    Blockstream Chief Strategy Officer Samson Mow is one of those voices. On August 11, 2018, Mow posted a tweet showing Bitmain’s Q1 2018 results with the following comment:

    Why is Bitmain raising capital so fast & only showing Q1 results to pre-IPO investors? We’re well into Q3 now. The reason is Q2 was a disaster. Bitmain is sitting on a massive $1.24 billion in inventory & S9 prices dropped by ~85%! Q2 losses range in the $600-700 millions.

    In response, other voices around the crypto world have also been speculating about Bitmain’s exact market position. Some opine that it is possible that Bitmain is not being totally upfront about its market position, in essence sitting on an extensive inventory of unsold miners in a bear market and trying to use an IPO as an exit strategy to leave investors figuratively holding the bag.

    Responding to a request for comment from Bitcoin Magazine Tina Dang from Bitmain’s International PR and Communications Department said, “Unfortunately, we are unable to comment on these topics.”

    Updates to follow as this story develops.

    This article originally appeared on Bitcoin Magazine.

Coinberry Traders Keep Control of Keys With BRD Crypto Wallet Integration

21.08.2018 0

Coinberry Traders Keep Control of Keys With BRD Crypto Wallet Integration

Cryptocurrency trading service Coinberry has partnered with BRD, a secure bitcoin wallet service, in a deal that promises to bring BRD’s Canadian users onto Coinberry’s no-fee trading platform. The deal was announced on Monday, August 20, 2018, at the Blockchain Futurist Conference in Toronto, Ontario.

Toronto-based Coinberry is the first federally registered, commission-free trading platform for crypto assets in Canada, creating value for users using proprietary algorithms to source desirable crypto asset prices from trusted exchanges. BRD (formerly known as Bread Wallet), for its part, operates from its headquarters in Switzerland, providing crypto wallet services for more than $8 billion worth of assets to over 1.2 million customers in more than 150 countries around the world.

Working together under the new partnership, the plan is to integrate Coinberry’s fee-free platform with BRD’s non-custodial wallet in a deal that promises to have a positive impact on the Canadian crypto industry. With this alliance, BRD has secured a reliable partner that would enable faster payments (on-ramp) and remittances (off-ramp) into fiat.

In an interview with Bitcoin Magazine, BRD Chief Product Officer James MacWhyte said:

“They [Coinberry] are the only solution that allows users to get bitcoin using Canadian dollars in Canada. We actually don’t have a way to do that right now. If I’m a BRD user, I don’t have a way to get coins within the platform. We want to give choice and opportunity for our users to be empowered to hold their own cryptocurrency assets. [Coinberry] provides them an easy way to buy crypto, but we don’t want to hold that crypto. That’s where BRD comes in because that’s what we provide — we’re a cryptocurrency wallet.”

BRD’s non-custodial wallet technology uses a decentralized framework to remove the centralized risk factor of a single “honeypot” that hackers can exploit to harvest data or pass it across to any centralized authority.

It allows users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times, which is a crucial consideration at a time when exchanges are proving to still be vulnerable to hacks.

Speaking with Bitcoin Magazine at the conference, Coinberry President Andrei Polikov explained the reasoning behind the partnership.

“BRD is both a pioneer and technology leader in cryptocurrency, and we are very excited to join forces. BRD’s wallet has all the functionality a crypto user could want, and we expect BRD’s community will enjoy taking advantage of Coinberry’s great rates on crypto. You should be in control, and you should be holding your assets.”

For his part, BRD Chief Strategy Officer Aaron Lasher praised the security and simplicity that the integration will create for users.

“Eventually our users will be able to just hit a toggle switch and move from their Coinberry account to their BRD wallet, not even needing to worry about private or public keys. That sort of integration is possible with trading partnerships like this.”

This article originally appeared on Bitcoin Magazine.

Coinberry Traders Keep Control of Keys With BRD Crypto Wallet Integration

21.08.2018 0

Coinberry Traders Keep Control of Keys With BRD Crypto Wallet Integration

Cryptocurrency trading service Coinberry has partnered with BRD, a secure bitcoin wallet service, in a deal that promises to bring BRD’s Canadian users onto Coinberry’s no-fee trading platform. The deal was announced on Monday, August 20, 2018, at the Blockchain Futurist Conference in Toronto, Ontario.

Toronto-based Coinberry is the first federally registered, commission-free trading platform for crypto assets in Canada, creating value for users using proprietary algorithms to source desirable crypto asset prices from trusted exchanges. BRD (formerly known as Bread Wallet), for its part, operates from its headquarters in Switzerland, providing crypto wallet services for more than $8 billion worth of assets to over 1.2 million customers in more than 150 countries around the world.

Working together under the new partnership, the plan is to integrate Coinberry’s fee-free platform with BRD’s non-custodial wallet in a deal that promises to have a positive impact on the Canadian crypto industry. With this alliance, BRD has secured a reliable partner that would enable faster payments (on-ramp) and remittances (off-ramp) into fiat.

In an interview with Bitcoin Magazine, BRD Chief Product Officer James MacWhyte said:

“They [Coinberry] are the only solution that allows users to get bitcoin using Canadian dollars in Canada. We actually don’t have a way to do that right now. If I’m a BRD user, I don’t have a way to get coins within the platform. We want to give choice and opportunity for our users to be empowered to hold their own cryptocurrency assets. [Coinberry] provides them an easy way to buy crypto, but we don’t want to hold that crypto. That’s where BRD comes in because that’s what we provide — we’re a cryptocurrency wallet.”

BRD’s non-custodial wallet technology uses a decentralized framework to remove the centralized risk factor of a single “honeypot” that hackers can exploit to harvest data or pass it across to any centralized authority.

It allows users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times, which is a crucial consideration at a time when exchanges are proving to still be vulnerable to hacks.

Speaking with Bitcoin Magazine at the conference, Coinberry President Andrei Polikov explained the reasoning behind the partnership.

“BRD is both a pioneer and technology leader in cryptocurrency, and we are very excited to join forces. BRD’s wallet has all the functionality a crypto user could want, and we expect BRD’s community will enjoy taking advantage of Coinberry’s great rates on crypto. You should be in control, and you should be holding your assets.”

For his part, BRD Chief Strategy Officer Aaron Lasher praised the security and simplicity that the integration will create for users.

“Eventually our users will be able to just hit a toggle switch and move from their Coinberry account to their BRD wallet, not even needing to worry about private or public keys. That sort of integration is possible with trading partnerships like this.”

This article originally appeared on Bitcoin Magazine.

Coinberry Traders Keep Control of Keys With BRD Crypto Wallet Integration

21.08.2018 0

Coinberry Traders Keep Control of Keys With BRD Crypto Wallet Integration

Cryptocurrency trading service Coinberry has partnered with BRD, a secure bitcoin wallet service, in a deal that promises to bring BRD’s Canadian users onto Coinberry’s no-fee trading platform. The deal was announced on Monday, August 20, 2018, at the Blockchain Futurist Conference in Toronto, Ontario.

Toronto-based Coinberry is the first federally registered, commission-free trading platform for crypto assets in Canada, creating value for users using proprietary algorithms to source desirable crypto asset prices from trusted exchanges. BRD (formerly known as Bread Wallet), for its part, operates from its headquarters in Switzerland, providing crypto wallet services for more than $8 billion worth of assets to over 1.2 million customers in more than 150 countries around the world.

Working together under the new partnership, the plan is to integrate Coinberry’s fee-free platform with BRD’s non-custodial wallet in a deal that promises to have a positive impact on the Canadian crypto industry. With this alliance, BRD has secured a reliable partner that would enable faster payments (on-ramp) and remittances (off-ramp) into fiat.

In an interview with Bitcoin Magazine, BRD Chief Product Officer James MacWhyte said:

“They [Coinberry] are the only solution that allows users to get bitcoin using Canadian dollars in Canada. We actually don’t have a way to do that right now. If I’m a BRD user, I don’t have a way to get coins within the platform. We want to give choice and opportunity for our users to be empowered to hold their own cryptocurrency assets. [Coinberry] provides them an easy way to buy crypto, but we don’t want to hold that crypto. That’s where BRD comes in because that’s what we provide — we’re a cryptocurrency wallet.”

BRD’s non-custodial wallet technology uses a decentralized framework to remove the centralized risk factor of a single “honeypot” that hackers can exploit to harvest data or pass it across to any centralized authority.

It allows users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times, which is a crucial consideration at a time when exchanges are proving to still be vulnerable to hacks.

Speaking with Bitcoin Magazine at the conference, Coinberry President Andrei Polikov explained the reasoning behind the partnership.

“BRD is both a pioneer and technology leader in cryptocurrency, and we are very excited to join forces. BRD’s wallet has all the functionality a crypto user could want, and we expect BRD’s community will enjoy taking advantage of Coinberry’s great rates on crypto. You should be in control, and you should be holding your assets.”

For his part, BRD Chief Strategy Officer Aaron Lasher praised the security and simplicity that the integration will create for users.

“Eventually our users will be able to just hit a toggle switch and move from their Coinberry account to their BRD wallet, not even needing to worry about private or public keys. That sort of integration is possible with trading partnerships like this.”

This article originally appeared on Bitcoin Magazine.