January 7, 2019

Ledger Unveils Upgraded Nano X Crypto Hardware Wallet

Hardware wallets are growing in popularity as a safe haven for cryptocurrencies. Ledger is one of the world’s top providers of cold wallets and its flagship Nano range has just been given an upgrade.

The company unveiled its latest iteration of the popular hardware wallet at the Consumer Electronics Show (CES) in Las Vegas this week. According to PCmag, the current Ledger Nano supports 13 crypto assets directly and many more via third party apps.

The all new Ledger Nano X now has Bluetooth and supports up to a hundred more coin types and wallet apps. The six fold storage expansion is for third party developers to make sure that their applications can only sign transactions for their own private key.

Appearance wise it is pretty similar to its predecessor, the Nano S, aside from the interface which is a little larger. This will facilitate the inputs that need to be made on the device itself to maintain security. Anyone that has ever set one up will know what we’re talking about here!

A new mobile app called Ledger Live Mobile will take advantage of the new Bluetooth connectivity. Users can now remotely add or remove apps for various altcoins without having to plug into a PC via USB cable. According to The Verge adding Bluetooth has been a controversial move as any wireless communications are more vulnerable to unauthorized access or interception.

Ledger states that the Nano X has been designed to only respond to devices running the corresponding app which has presumably been synched with the cold wallet. The app has its own security features which preserve authenticity.

“The fact that we have a mobile application and it works with the Nano X is really the big evolution of the hardware for this lineup,” Ledger boss Eric Larchevêque told Coindesk.

He added that the price for the Nano S will fall after the Nano X is released. At the time of writing it was not yet available on the company website and the Nano S was priced at $70. The Ledger app is expected to go live on the Apple App Store and Google Play Store later this month. The Nano X will be available for pre-order this week at $119 to ship in March.

The CES is not a crypto show but it has awarded the Nano X with its 2019 “Innovation Award in Cyber Security and Personal Privacy” according to a company press release.

Published at Mon, 07 Jan 2019 06:52:23 +0000

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Fortune Goes All-Out For Bitcoin As Coinbase CEO Admits ‘Bubble’

Fortune has devoted the entire front page of its first 2018 edition to bitcoin, announcing it has “all the answers” about its behavior this year.

A bitcoin ‘Platypus’

In an extensive analysis of the potential upsides and downsides for investors over the next twelve months, the publication focuses on bubble fears and includes some surprises from cryptocurrency industry figures.

“Just like the platypus is not good at being a reptile, a beaver, a duck, or an otter, but it’s great at being a platypus,” Blockchain Capital’s Spencer Bogart told the publication in discussing bitcoin’s status.

bitcoin is not good at being a currency, a commodity, or a fintech company, but it’s great at being bitcoin. It’s creating its own category and asset class.

Mainstream media outlets have turned broadly negative on the largest cryptocurrency over the past weeks as prices cool off from highs of $20,000. That cryptocurrency, in general, is in a bubble has become a go-to theme for many publications, while some have conversely taken to championing specific coins at the expense of bitcoin, notably CNBC and Russia Today with bitcoin Cash.

Armstrong Warms To Bubble Theory

Brian Armstrong, CEO of embattled US wallet and exchange Coinbase, meanwhile “confided,” as Fortune describes it, that the bubble narrative is a “probable” explanation after all.

Speaking about the overall total cryptocurrency market cap, Armstrong declared:

We probably are in a bubble. […] We haven’t really earned the value of that half trillion.

Deserving or not, that market cap is expected to continue trending upwards, with bullish investor Mike Novogratz forecasting a one-of-a-kind “global” bubble unlike any other:

The fact that this is our first global mania… will make this the single most speculative bubble of our lifetimes.

Should that perspective hold true, cryptoassets’ utility will likely prove crucial in allowing them to retain value and prevent spectacular investor losses.

That topic is especially pertinent to Ripple in the first week of 2018, as unprecedented price highs are countered with criticism that the platform’s XRP token is less than reliable due to client businesses not needing to actually use it.

What do you think about bitcoin’s treatment by mainstream media? Let us know in the comments below!

Images courtesy of AdobeStock

The post Fortune Goes All-Out For Bitcoin As Coinbase CEO Admits ‘Bubble’ appeared first on Bitcoinist.com.

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