Ledger will provide its asset management system to Estonian cybersecurity-focused crypto exchange Rokkex.
French hardware wallet producer Ledger will provide its asset management system to Estonia-based crypto exchange Rokkex.
Built by Lithuanian cybersecurity and fintech professionals, Rokkex will integrate its trading platform with Ledger’s enterprise wallet management solution Ledger Vault to secure its crypto assets, according to a press release shared with Cointelegraph on Aug. 20.
Lukas Krikstaponis, Rokkex’s co-founder and CEO, said that the platform has successfully tested Ledger’s technology on its platform to date
Demetrios Skalkotos, global head of Ledger Vault, explained:
“Rokkex’s customers expect full transparency and protection from crypto hacks. […] By leveraging Ledger Vault, Rokkex will give investors total control of and instant access to their funds while providing them the peace of mind that their assets are secure, without sacrificing convenience.”
Founded in 2018, Rokkex is a regulated crypto trading platform, reportedly authorized by the Estonian Financial Intelligence Unit to provide crypto wallet and crypto exchange services. Ledger Vault integration comes amid the upcoming Rokkex security token offering, with the presale scheduled for Aug. 26.
According to the press release, Ledger Vault is a multi-authorization governance infrastructure for the management of crypto assets specifically designed for the needs of enterprise and institutional clients such as Rokkex.
As reported, Ledger Vault was first rolled out in May 2018 as a digital asset security tool targeting institutional investors. Ledger subsequently expanded its operations to New York in November 2018, appointing a former Intercontinental Exchange executive as head of global operations.
Recently, Ledger announced that it would be providing its technology to Canadian cryptocurrency broker Voyager Digital.
The World Bank used a blockchain to raise over $33 million for its Kangaroo bond.
The World Bank raised over $33 million for its Kangaroo bond on a blockchain. The international organization announced on Aug. 16 that it raised an additional A$50 million (over $33 million) for its Kangaroo bond due August 2020, using a blockchain.
The report claims that this is the first bond which has been created, allocated, transferred and managed through its life cycle using distributed ledger technology (DLT).
Major banks join World Bank’s Bond-i blockchain platform
Per the report, the initiative expands the World Bank’s Bond-i blockchain platform combining three joint lead managers, Commonwealth Bank of Australia (CBA), RBC Capital Markets and TD Securities (TD). The initiative has seen the participation of new market participants, including an offshore investor and the existing investor community including ongoing support and input from TCorp.
CBA was mandated by the World Bank as an arranger for the bond in August last year, which resulted in the raising of AUD$110 (over $74 million). In May, CBA and the World Bank enabled on-chain secondary bond trading with TD acting as a market maker.
The latter development reportedly made this the first bond whose issuance and trading are recorded using DLT. James Wall, Executive General Manager International at CBA commented on the development:
“The tap is an important milestone in demonstrating the full lifecycle management of an issuer’s capital markets needs. It is also a significant step for the platform bringing on additional participants and demonstrating the broader potential of Bond-i as a capital markets platform.”
The bond platform employed reportedly allows for faster, more efficient and more secure transactions. It is part of a broader initiative aiming for applying DLT by the World Bank.
As Cointelegraph reported in April, at the time the International Monetary Fund and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency.
Peer-to-peer cryptocurrency solutions project Liquality has launched its interface for cross-chain atomic swaps between bitcoin, ether and stablecoin dai on the mainnet.
Peer-to-peer cryptocurrency solutions project Liquality has launched its interface for cross-chain atomic swaps between bitcoin (BTC), ether (ETH) and stablecoin dai (DAi) on the mainnet. The news was revealed in an official company blog post on June 24.
Atomic swaps are a solution that enables the exchange of one cryptocurrency for another without the need for a trusted third party or centralized exchange infrastructure.
Liquality is contributor-led, open-source project that focuses on developing trust-minimized and peer-to-peer crypto exchange solutions. Its launch of the Liquality Atomic Swap Interface alpha will now enable users to swap BTC, ETH and DAI directly between their Ledger or Metamask crypto wallets.
In implementing the solution, Liquality notes that users maintain custody over their own keys, thereby apparently eliminating custodial risk and maximizing their privacy and financial sovereignty.
To access the interface, users can either run a self-hosted version or use a downloaded app. In addition, Liquality has made its codebase open-source on Github.
In the blog post accompanying the new release, Liquality also provides updates on developments thus far in 2019, which include the publication of educational content on both atomic swaps and hash time locked contracts.
Also new is support for both sending and receiving cryptocurrencies from a single Ledger wallet device, support for DAI, and WebUSB Ledger connection issues, the blog post notes.
In the coming months, the project reportedly aims to roll out several new features as requested from users. Among these are Trezor integration, Segwit support, support for litecoin (LTC) and privacy coins, automated swaps and customizable parameters for lock times and mining fees.
Hardware wallets don’t have to look beautiful – they just have to work. The Corazon by Gray is a silver titanium device that happens to deliver on both counts. USB hardware has never looked or felt so good in your hand. All that brushed metal and angular chic comes at a price though, which in the case of this Trezor on pretty pills starts at $695.
The Corazon Will Steal Your Heart But Hurt Your Wallet
Owning a designer hardware wallet presents something of a quandary. Like a tattoo in an intimate place, it should only be seen by a trusted few, but after eyeballing your 12th vodka shot, you want to show everyone. A hardware wallet is a special thing you should keep to yourself, but the Corazon doesn’t make that easy. This is the sort of gadget you could wear around your neck with a fat platinum chain. This isn’t a 90s hip-hop video though and if you walk the streets wearing the Corazon as a fashion accessory you’re gonna have a bad time.
As a reviewer, I have no option but to broadcast my ownership of crypto wallets, which include a Cobo Vault, Coldcard, Keepkey, Cool Wallet, Ellipal and several Ledgers. I’ve got a drawer full of them, complete with an assortment of recovery seed phrases for devices whose pin numbers I’ve almost certainly forgotten. My protection against being robbed is that each device holds a few hundred sats at most, added for testing purposes. When one satoshi achieves parity with the dollar, my collection of crypto dust will finally make me a target, but until then I’m not worth bloodying your wrench on.
Unless, that is, anyone were to covet my Corazon for its comeliness rather than its contents. Housed in an “aerospace grade” titanium case that’s been CNC machined by Gray is a Trezor Model T, one of the most popular hardware wallets on the market. The Corazon Titanium reviewed here retails for $695, rising to $995 for the limited edition Stealth or $1,495 for the even more limited edition Gold.
What Makes the Corazon Tick
The Corazon comes in an attractive black box, with twin security seals ensuring it hasn’t been tampered with. Inside, the device nestles snugly, bidding you to reach out and prise it from its foam padding. Brace your wrist for the strain the moment your hand wraps around the hardware wallet. For a small gadget, the Corazon is surprisingly heavy – but reassuringly so. It’s no less than you’d expect from Gray, a luxury tech company best known for its premier accessories for iPhone, Samsung, and Macbook.
A second layer in the box peels back to reveal a quick-start guide and recovery cards, and below that, a third layer containing the finest looking USB cord you ever did see. Running its sinewy black and silver ribbed cord through your fingers, you feel feelings for a computer cable you didn’t realize were possible.
Once connected to my laptop, the Corazon is detected and I’m directed to Trezor’s setup page. There I’m prompted to install Trezor Bridge, software that will enable the web app to communicate with the Model T via my Mac. The file takes up less than 10 MB, and installs easily. Upon refreshing the setup page on the Trezor website, I’m prompted to click a button and the device’s firmware begins installing. The process takes under a minute, whereupon the wallet automatically restarts.
The Corazon in Action
Despite having reviewed close to a dozen wallets, Trezor’s wares have never crossed my threshold. The Corazon is the first Trezor I’ve set up, and the process proves easier than that of any wallet I’ve used to date. It’s rare in my experience for a wallet to work at the first time of asking, but be it due to good luck or good UX, the Corazon performs perfectly. Credit for this must go to Trezor, whose responsive touchscreen paired with an intuitive web interface is noob-proof. In terms of security, the Trezor Model T is equivalent to most of the consumer devices on the market; any physical exploit that a skilled hacker could leverage falls under the banner of “hypothetical,” unless you’ve got Mossad on your tail, in which case you should probably be fearing for your life, not your crypto.
The list of cryptocurrencies the Corazon Model T holds is extensive. A BTC wallet is automatically installed when you download the latest firmware, but adding other coins is as simple as selecting from a dropdown menu in Trezor’s web application, whereupon an address will be generated and a corresponding account added to your dashboard. I create a BCH address and fire over 0.1 BCH that I’ve got rattling around in a Bitcoin.com Wallet. It shows up in less than five minutes, with the BCH and USD values clearly displayed in the dashboard.
In addition to sending and receiving cryptocurrency, the Trezor wallet portal enables you to sign and verify messages using your private key and to connect to Myetherwallet or Mycrypto using your Corazon to serve as your Ethereum network signatory. There’s also the means to exchange currencies directly within the Trezor web app thanks to integration with coin-changing services such as Changelly and Changenow. My 0.1 BCH was matched with a best offer from Changenow, and a quoted bitcoin cash network fee of less than $0.01.
The real worry with the Corazon is that in the event of another crushing bear market, the device could easily wind up being worth more than the tokens you bought at the top and solemnly entombed in the device as your legacy to future generations. If you can invest wisely in cryptocurrency, however, and have enough left over to stretch to the Corazon, it will safeguard your coins while stealing your affections. Just don’t tell the world about it. Owning a Corazon is a love that dare not speak its name.
Would you spend $700 on a crypto wallet? Let us know in the comments section below.
Images courtesy of Gray and Trezor.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.comis not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.
Per the release, Voyager Digital will integrate Ledger Vault’s multi-authorization cryptocurrency wallet management system into its trading platform with the aim to increase its overall cybersecurity.
Voyager CEO Steve Ehrlich said that Ledger Vault ensures “security of our customer assets on the Voyager platform without compromising the speed and liquidity they’ve come to expect from Voyager. It’s also a crucial step in our efforts to deliver crypto wallet transfers.”
As Cointelegraph previously reported, Voyager Digital acquired crypto wallet startup Ethos in February. This acquisition builds on a strategic partnership between Ethos and Voyager, which was first announced in September last year.
According to the announcement, the Ethos Universal Wallet software, first released in July 2018, will be integrated into Voyager’s retail and institutional businesses enabling self-custody integrated with a brokerage solution. The announcement also specifies that this wallet solution is powered by Ledger’s cryptocurrency custody solution. Demetrios Skalkotos, global head of Ledger Vault stated:
“Ledger Vault is fluid, providing Voyager cold level security with the ability to become hot in a matter of seconds all through one secure interface.”
Ledger has also provided its crypto infrastructure to another Canadian crypto exchange, the National Digital Asset Exchange (NDAX).
Luxury fashion brand Alyx intends to use Iota’s distributed ledger technology for supply chain tracking.
Luxury fashion brand Alyx intends to use Iota’s distributed ledger technology (DLT) for supply chain tracking, cryptocurrency news outlet The Block reports on May 15.
Per the report, Iota’s system will be implemented in partnership with global manufacturing company Avery Dennison to allow Alyx’s customers to have full insight into their supply chain. By scanning QR codes with an app, it will reportedly be possible to track the course traveled by the item from its creation to the point of sale.
The Block claims that data concerning the apparel’s production location, date and raw materials will be stored on Iota’s DLT, allowing users to consult it. Debbie Shakespeare, senior director of sustainability and compliance at Avery Dennison, reportedly commented:
“Brands and consumers can know that the information they are being shown about the garment’s creation process is 100% accurate and can be trusted implicitly.”
According to fashion news outlet GQ, Alyx creative director Matthew Williams explained that the brand puts a strong emphasis on sustainability by using recycled materials and, for instance, a leather dying process which consumes CO2. Lastly, he announced:
“We’re taking it a step further: we’re going to be the first brand to introduce blockchain technology this month in Copenhagen.”
As Cointelegraph reported in March, luxury scotch whiskey brand Ailsa Bay is reportedly about to release what it believes to be the world’s first scotch whiskey tracked with a blockchain-based system.