The First Cryprocurrency Wallet Has Been Presented in Ukraine 254

The company Hideez Group presented the first Ukrainian wallet for cryptocurrency (Hideez Wallet), created on the basis of the smart keychain Hideez Key within the framework of the capital’s Blockchain Hub.

This wireless device is a completely separate product with the functions of a cryptocurrency wallet that can work on smartphones and desktop computers.

According to the CEO of the project, Oleg Naumenko, Hidez Wallet differs from existing analogues, like Trezor, by the fact that it is a wireless device that can function on mobile phones and desktops.

It uses the technology Invisible Pin to sign transactions, which works as a combination of short and long button presses on the device. It is believed that such a code can not be spied on and intercepted.

Unlike passwords or, for example, standard PIN-codes, it is impossible to spy on and intercept,Naumenko pointed out.

The company has produced the first batch of test devices. Besides Bitcoin, the system supports Ethereum and ERC-20 tokens, Litecoin, Bitcoin Cash, Namecoin, Zcash and other alternative coins. Mass production is planned for the end of the second quarter of this year.

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Buterin, Winklevoss and Others: The Future of the Digital Currency World According to Major Crypto Personalities 798

experts opinions on crypto

The crypto world has entered the new stage of its development, it has always been volatile, but these couple of weeks have been absolutely crazy: coins are jumping up and down, Bitcoin ETF is on its way, blockchain is taking over the world.

No doubt, crypto specialists and financial experts have a lot to say. Today we came up with a compilation of sayings from the stars of the cryptocurrency universe that we found particularly interesting and important.

The CEO of the crypto exchange Gemini, Tyler Winklevoss believes that the acceptance of cryptocurrency in the world as a means of payment equal to fiat will not happen in the next couple of years:

The vast majority of Wall Street firms are still not participating in the cryptocurrency market, which remains primarily a retail-driven market. This will change over time, but it will take time.

Pantera Capital’s CEO is way more optimistic on this issue. He sees great potential in the blockchain technology, and digital coins, according to him, are “superior form of currency.

Ethereum’s founder Vitalik Buterin wants cryptocurrencies to become more user-friendly and common in the everyday life. He also thinks it may become possible only in case the proper regulatory framework for crypto is developed by the state governments.

I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash,” he said.

The last, but certainly not least, is the CEO of BitMEX, Arthur Hayes, who has some serious doubts concerning Ethereum. According to his calculations, the price of the world’s #2 coin will drop lower than $100.

It is this moment,” he added, “that Ether goes from a 3-digit to a 2-digit shitcoin.

Although we are sure that experts know what they are talking about, the crypto world is way too unpredictable. We can only wait and see whether the abovementioned predictions turn out to be true or not.

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Andreas Antonopoulos Criticized Bitcoin ETF 627

opinion on bitcoin etf

The well-known author of books about Bitcoin and the founder of his own Bitcoin-business Andreas Antonopoulos published a Youtube video where he expressed his opinion about Bitcoin ETF and explained why they cause so much sensation.

I’m going to burst your bubble. I know a lot of people really want to see an ETF happen because ‘too the moon’ and ‘lambos’ and all that. I think it’s a terrible idea. I still think it’s going to happen… I’m actually against ETFs,” he said.

Antonopoulos explained that he understands why many people are so impressed by the idea of Bitcoin ETF:

Everybody’s so excited about ETFs because what we’ve seen in other markets is that when an ETF becomes available—as we saw in gold—the price really increases dramatically as suddenly that commodity becomes available to a lot more investors and these investors pile on. But the other side of it is that there’s always these claims that the commodities markets are heavily manipulated and opening up these exchange-traded instruments only increases the ability of institutional investors to manipulate—especially [in the case of] large market makers—the prices of commodities, not just in the markets where it’s traded as an ETF but more broadly,” he clarified.


We remind you that the SEC postponed the decision upon Bitcoin ETF until September.

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The Former CEO of Paypal: Bitcoin Is Eventually Going to Go A Whole Lot Closer to Zero 700

bitcoin's future is not bright

The ex director of Paypal Bill Harris is known for his scepticism and harsh comments aimed at Bitcoin. He even called it “the greatest scam in the history”. This time CNBC interviewed Harris to find out whether his opinion on the world’s #1 digital coin has changed.

According to the businessman, Bitcoin is supposed to be “instant, free, scalable, efficient, secure, globally accepted and useful”, and it fails to fulfill all of those characteristics. Harris believes that there is “no value” in BTC.

He has also mentioned that there is no need in solving the problem of Bitcoin scalability, because we don’t need Bitcoin at all.

Look how difficult it is to get money from one country across the border to another. It’s slow, it’s expensive, it’s all those things. Agree. You don’t need Bitcoin, you don’t need XRP, you don’t need any of that to solve that problem. What you need is faster networks.

Unlike many of his colleagues, Bill Harris has way more trust in conventional fiat currencies due to their relative stability which cannot be said about Bitcoin.

In conclusion he summed up his thoughts by saying:

Bitcoin makes no revenue, no profitability.

Frankly speaking, the current CEO of Paypal Dan Schulman agrees with Harris on this issue, although Paypal might change its opinion on BTC if it becomes more stable.

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Bitfi Is Threatening Those Who Were Supposed to Get Paid for Hacking the Wallet 505

bitfi is threatening people

We are all getting sick of the story of John McAfee’s “unhackable” Bitfi, but the situation keeps gaining momentum. Let’s quickly sum up what has happened so far.

– John McAfee launched a bounty campaign for his wallet, promising first $100k, then $250k to a person or people who would break into Bitfi.
– A cyber security company claimed to have done so and was completely ignored by both McAfee and other Bitfi employees.
– After that a new group of researchers tried to hack Bitfi and succeeded as well. This time McAfee reacted by saying that a wallet can be considered hacked only if the hackers obtain coins, and no coins were stolen from Bitfi.

What happened next shocked the crypto community. Bitfi published a tweet which contained direct threats aimed at the researchers participating in their “bounty”. The tweet was deleted shortly afterwards, but most people managed to see it.

The campaign which was supposed to bring recognition and popularity to Bitfi is now only bringing it “black” PR. Or was it a planned action?

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Forbes Published 5 Main Blockchain Tendencies for 2018 782

blockchain trends

Blockchain is one of the most rapidly developing technologies of all times. Its main features (speed and transparency) earned recognition and approval from businesses and companies from all over the world.

Forbes has conducted a research and established 5 major paths that the blockchain is likely to follow this year.

1. Companies actively implement blockchain. For example, we have recently reported about the pilot version of election in Ukraine conducted on blockchain.

2. Implementation of this technology follows a thorough research. With blockchain being fairly new, the more conventional fields that are not related to digital technologies or computer sciences treat it very carefully. For example, the Stanford University created a research center for possible introduction of blockchain in the future.

3. The hype is going to fade. Blockchain has been marketed as a panacea for quite a while. Many people were sure it would help to solve major world problems. However, the results coming from this technology, though being mostly beneficial, are not as phenomenal as everyone thought they would be.

4. New and smaller projects are more likely to implement blockchain since they are more adaptable to changes and upgrades. Huge companies like Amazon find it way more difficult.

5. The personal information on people and other important data will be secured a lot better with the help of blockchain. Scammers never rest, however, blockchain will ensure that they have the hardest time ever hacking and stealing.

Thus, we can definitely see a lot of potential for blockchain. More and more companies choose to implement it. Hopefully, this technology will keep flourishing and bring benefits to those using it.

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Marvel Is Not Happy About the Cryptocurrency Startup Using the Name Mentioned in One of Its Movies 631

marvel's trademark was used by crypto startup

Numerous startups try to create the hype using the names of famous people, companies, movies etc. The project Wacoinda was no exception. Its name is particularly similar to the word Wakanda which is a made-up African country in the Marvel movie “Black Panther”.

Wacoinda is a crypto startup aimed at providing financial education for African-Americans. By the way, this is not the first time a project used the concept of “Black Panther”. The famous rapper Akon launched his own digital coin and had plans of creating a crypto city in Africa similar to Wakanda.

Nevertheless, the representatives of Marvel did not quite support the endeavour of Wacoinda. They filed a lawsuit to the US Patent and Trademark Office asking to give them more time to decide whether they want to sue Wacoinda or not. The decision will be taken on the 14th of November.

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