Coinbase’s Brian Armstrong Says it’s Okay to Use Hot Wallets to Store Bitcoin

Brian Armstrong, CEO of $ 8 billion crypto exchange Coinbase, wants to set some misconceptions straight about the security of various types of Bitcoin wallets. Writing in Fortune, Armstrong clarifies – for a mainstream audience – the difference between hot and cold wallets. If the reader is unfamiliar with the concept, it’s pretty simple. A “hot” wallet is connected to the internet and capable of making immediate transactions. A “cold” wallet is secured offline, by definition, although there are degrees of coldness. A private key stored on an internet-connected device but not loaded into any active wallets is still technically “cold”

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Why Samsung & Opera’s Crypto Wallets Will Fuel Mass Bitcoin Adoption

This week, major browser operator Opera has integrated a feature to purchase crypto into its Android app less than three months since announcing its plans to further explore blockchain technology. With a partnership with Safello, a European crypto exchange, users are now able to purchase cryptocurrencies directly from the Opera browser. Frank Schuil, CEO of Safello, said: “With Safello brokerage on the Opera mobile browser for Android, both new and experienced users can now easily transact cryptocurrencies in the most secure and fastest way possible. The functionality to purchase crypto is right at their fingertips.” The announcement of Opera comes

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Crypto Exchange QuadrigaCX Claims They Can’t Find Their Wallets

Canadian-based QuardigaCX says they can’t find their cold storage wallets. In a notice published on its website, the crypto exchange says they have filed an application for protection under the Companies’ Creditors Arrangement Act (CCAA), a Canadian law which deals with bankruptcies in Canada. For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be

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Bitcoin Interview: Edge Wallet’s Paul Puey on the Future of Money

CCN had a chance to speak with Paul Puey, founder of Edge Wallet and veteran crypto entrepreneur. Edge Wallet was previously called Airbitz. In the early days of crypto, Airbitz was a Bitcoin-only wallet that featured a directory of brick and mortar businesses which accepted Bitcoin. It was one of the only mobile wallets which

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Anyone calling Proof of Keys a “bank run” is confusing banks – who give loans and are fractional reserve by nature – to exchanges and wallets which make money on trade and transfer fees and should always be 100% solvent.

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RE – “I just lost my $170K wallet secure your wallets” u/Jarrijareed

https://np.reddit.com/r/Bitcoin/comments/a4hvsv/i_just_lost_my_170k_wallet_secure_your_wallets/

Kerem claims to have lost $ 170k worth of BTC when he forgot to back up the wallet seed phrase from his iMac before he returned it to the Apple Store. The Apple store then wiped the iMac's HDD and sent it back to the factory for refurbishment/resale.

A quick google search of his name returns the article below on the tops results. (It is the same guy, linked Twitter and Instagram account match).

Is this guy an epic troll? Trying to pull another one on Apple? Or evading taxes?

An computer analyst allegedly tried to blackmail Apple for £130,000 in Bitcoin and £800 iTunes vouchers after posting a video of him hacking into iCloud accounts on YouTube, a court heard.
Kerem Albayrak, 21, allegedly demanded more than £133,000 worth of Bitcoin and £837 iTunes vouchers from the American tech giant.
Albayrak, who lives in Hornsey, north London, appeared at Westminster Magistrates’ court charged with blackmail and unauthorised acts intending to hinder access to a computer.

https://www.dailymail.co.uk/news/article-6289963/IT-analyst-tried-blackmail-Apple-130-000-Bitcoin.html

His twitter – Twitter.com/Tropicofyouth_

And his Instagram.. https://www.instagram.com/Borsamirtizaoglu/

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