Cryptosteel Launches Physical Device for Private Key Backup Protection

Cryptosteel has launched its Cryptosteel Capsule, a physical backup device for the offline storage of private keys, passwords, and wallet recovery seeds. The company announced the official launch of the product in a tweet posted on Oct. 21. Not a hardware wallet Unlike the hardware wallets that many cryptocurrency HODLers are familiar with, Cryptosteel’s capsule focuses on providing a physical backup for personal, sensitive data — a more durable alternative to storing your private key on a physical piece of paper.  The device is a pocket-sized, stainless steel capsule containing…

Bitmain Launches ‘World’s Largest’ Bitcoin Mining Facility in Texas

Chinese cryptocurrency hardware manufacturer Bitmain has opened what it claims is the “world’s largest” facility for Bitcoin (BTC) mining in Rockdale, Texas.  In a news release published on Oct. 21, Bitmain revealed the project had been completed together with the Rockdale Municipal Development District and Canadian technology firm DMG Blockchain Solutions. Pledges to boost the local economy The news release places a strong emphasis on working with the local economy of Rockdale, which is located in Milam County, east of Austin. The facility — currently developed to a current 25MW capacity, with…

HTC Launches Exodus 1S, First Phone That Can Run a Full BTC Node

Taiwanese electronics giant HTC has launched its new smartphone Exodus 1s, enabling users to run a full Bitcoin (BTC) node on mobile. First smartphone to support full Bitcoin node In line with an announcement in May 2019, HTC launched the Exodus 1s at the Lightning Conference in Berlin on Oct. 19 and started selling the first devices during the even using the Lightning payment network, the firm said in a press release to Cointelegraph. The new Exodus 1s is a lower-cost version of the pioneering HTC’s blockchain-powered phone Exodus 1,…

Sacramento Kings Pro Basketball Team Launches Crypto Collectibles

The Sacramento Kings NBA basketball team has partnered with CryptoKaiju to launch crypto-collectibles. In a press release on Oct. 16, the Sacramento Kings announced a new collaboration with the creator of Ethereum-based Kaiju toys, CryptoKaiju. The companies will give away 100 limited-edition Kaiju collectible toys throughout the 2019–2020 basketball season. Each collectible is backed by a non-fungible token, meaning that no two are the same. 15 of these toys will come with a unique experience or prize, such as courtside seats, VIP tours, and signed merchandise, among others. Sacramento Kings…

eToro Launches Twitter Sentiment Trading Portfolio

eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets. The tool, which is called TheTIE-LongOnly CopyPortfolio, is a collaboration between eToro and cryptocurrency analytics firm The TIE. According to The TIE, the platform’s “proprietary machine learning and language processing models ingest 850 million tweets per day, quantifying the positive and negative tone of conversations on Twitter.” The platform then leverages this data and allocates trades based “on positive sentiment, algorithmically rebalancing once per month.” The system is…

Facebook Officially Launches Libra Despite High-Profile Departures

Libra, the highly-scrutinized planned cryptocurrency led by Facebook (NASDAQ:FB), officially launched in Geneva yesterday despite several high-profile defections from the project last week. Libra Launches With 21 Chartered Members The Libra Association, the non-profit governing body of the digital currency, officially signed on 21 charter members at a meeting at its Swiss headquarters. The association was originally made up of 27 members; however, the high level of regulatory scrutiny leveled at the project led to several prominent defections in recent weeks. These include Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Mastercard (NYSE:MA),…

NASDAQ Launches AI-Powered CIX100 Crypto Index

Even a couple of years ago, the crypto index was seen as something that was firmly outside the formal financial system. However, things have changed dramatically over the course of the past two years. In a new development, it has now emerged that NASDAQ, one of the world’s biggest stock exchanges, has listed a crypto index, called CIX100. CIX100 is going to be fully powered by artificial intelligence and is going to list the top 100 cryptocurrencies in the world by market cap. Key Development CIX100 is going to track the…

Draper-Backed Startup Launches .Crypto Domains on Ethereum

A startup building domains on blockchains has just launched a .crypto name registry on ethereum. Unstoppable Domains – a firm backed in May to the tune of $4 million by Draper Associates and Boost VC  – said Friday that the new .crypto extension can be connected to users’ public cryptocurrency address, allowing third-parties to more easily send funds. Doing away with long, complex crypto address (for example, a bitcoin address will look something like “1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2”) in favor of a more memorable and less mistake-prone domain will “simplify cryptocurrency payments and lead to mainstream…

B2C2 Launches New Gold Derivative Priced and Settled in Bitcoin

Over-the-counter (OTC) trading platform B2C2 has created what it calls the first product for gold trading using Bitcoin (BTC) for pricing and settlement. Macro players eye new BTC gold product Speaking to industry news outlet The Block on Oct. 10, the company’s CEO Max Boonen stated that the move comes on the back of increasing demand from large-volume traders. “Clients trade an ounce of gold priced in bitcoin, and the derivative is settled in bitcoin,” he explained, adding that one ounce (roughly $1,507) is the minimum possible trade quantity. Boonen…

Liquidity Provider B2C2 Launches Gold Derivative Settled in Bitcoin

Crypto liquidity and OTC provider B2C2 has launched a gold derivatives product that synthetically trades against bitcoin in what the firm says is an important evolution in the safe-haven asset trading space. Launched in 2015 and receiving regulatory approval for crypto derivatives in the U.K. earlier this year, B2C2 offers bulk crypto purchases through its API service. With the firm’s new product, clients can physically settle synthetic trades with bitcoin, which correspond to physical gold stored in vaults. Synthetic positions combine various underlying assets to mimic the returns of another…