NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Coyno Launches Revolutionary Platform to Manage Bitcoin Funds

NewsBTC
NewsBTC
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Bitcoin Industry is booming, and the technological innovations continue to exceed all expectations.

A Berlin-based Bitcoin startup, Coyno has launched a platform capable of tracking multiple transactions across multiple Bitcoin wallets. In the beta mode with over 150 active users, the platform stores the full transaction history, tracks the value of stored Bitcoins, and connects to HD wallets. The startup has even set an ambitious timeframe of one month to expand the subscriber base ten times.

The German company’s beta version went live six weeks ago and can manage six wallets at a time – Coinbase, Electrum, Trezor, Bitcoin Wallet, Armory, and Mycelium.

The platform has a very simplified UI, which the co-founder Erasmus Hagen believes to be the key for greater Bitcoin adoption. In a normal Bitcoin transaction, users have to track it in the blockchain – ledger of payments – where it is stored as long numbers, but Coyno provides its users with easy-to-understand graphs to exactly understand the route of the cryptocurrency, just like a bank statement.

bitcoin bookkeeping with coyno newsbtc

“Current wallets are nice, but just look at a Bitcoin address. When I look at my phone wallet, it’s impossible to remember what [transactions] happened at the time unless I write it down. Just to have a graphical representation, to help you use Bitcoin the right way, is going to be absolutely crucial to mainstream adoption,” says Hagen.

The German government taxes Bitcoin users if they make a profit selling the digital currency. The idea for Coyno was developed when the co-founder and CEO, Levin Keller faced difficulties while compiling the transaction records necessary to file Bitcoin taxes.

Coyno is also planning to introduce several other features very soon. The startup plans to introduce a tax reporting feature where users can calculate the optimal cost basis method (LIFO, FIFO, average) for paying taxes related to the cryptocurrency. The product would put Coyno in the league of LibraTax, which is an accounting software to file Bitcoin taxes in the United States.

Apart from the six mentioned above, the company plans to support a huge number of Bitcoin wallets such as Blockchain.info, Hive, and MultiBit.

Understanding that users would want to stay connected with the Bitcoin markets, Coyno is working on connecting the platform with exchanges so that important data can be imported.

Coyno’s policy of not touching people’s private keys gives it a tremendous advantage over other similar startups. This helps the startup to skip the tediously long procedure of obtaining a license from the regulators and avoiding the know-your-customer (KYC) rules.

The three-person startup comprising of co-founder Erasmus Hagen, CEO Levin Keller and technology lead Leopoldo Godines, had won an entry to the coveted Axel Springer Plug and Play Accelerator program last November where it received the initial funding of €25,000. The company utilized the complete amount in developing the beta project.

The company’s co-founder Hagen said that manufacturing hub of the Eurozone does not provide the much needed financial support to the Bitcoin startups, and hence, the digital currency industry has been facing major difficulties.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

비트코인 가격 상승 가능성? 비트코인 하이퍼 프리세일에 투자자 유입 가속

비트코인 가격 상승 가능성? 비트코인 하이퍼 프리세일에 투자자 유입 가속

이달 중 비트코인($BTC) 가격이 12만 5천 달러를 넘어설 가능성이 약 25%에 달할 것이라는 예측이 분산형 베팅 플랫폼 폴리마켓(Polymarket)에 제기됐다. 다만 현 시...

Soyeon Lee 1 hour ago

Bitcoin Short-Term Holders Capitulate: 30K BTC In Realized Losses Over 24 Hours

Bitcoin is once again at a turning point as the market struggles to recover from heavy selling pressure. After losing...

Sebastian Villafuerte 1 hour ago
XRP

XRP Price Chatter Heats Up After Developer’s $4 Hint – Details

According to posts and market watchers, a return by a well-known developer has reignited talk that XRP could move higher....

Christian Encila 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Binance's Aster Soars 1800% in a Week Despite Market Crash: Is Bitcoin Hyper Next?

New Perpetual DEX Protocols Avantis & Aster Surge Amid Market Pullback with Bitcoin Hyper Ready to Launch

Aaron Walker 3 minutes ago
Trump crypto pensioenplan in gevaar? SEC bespreekt deadline

Trump crypto pensioenplan in gevaar? SEC bespreekt deadline

Lars Diederiksen 10 minutes ago

Previsioni Bitcoin: di Nuovo a un Punto Critico

Orfeo Barone 56 minutes ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:ウォールストリートが注目する「1ドル圏」への道

    ドージコイン...

    1 hour ago
  • Сезонът на алткойните е тук. Три фактора се очаква да задвижат ралито

    Сезонът на алткойните е тук. Три...

    1 hour ago
  • リップル 今後の価格に重大な不安要素、新たに注目すべき仮想通貨とは

    リップル...

    2 hours ago
  • 投資家から1,700万ドル超を調達した注目の仮想通貨プレセール

    ...

    2 hours ago
  • 次の市場ラリーでソラナやリップルを超える可能性を持つ1ドル未満の仮想通貨おすすめ銘柄

    ...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.