KeepKey Hardware Wallet now Supports Bitcoin Cash

The demand for services supporting Bitcoin Cash continues to grow. Especially when it comes to exchanges and wallet providers, there’s plenty of room for improvements. KeepKey, one of the world’s leading hardware wallet manufacturers, now supports BCH. Users will need to upgrade to the latest production client. For nearly all users, this process should happen automatically once they connect their devices.

Hardware wallet support is a big boon for any cryptocurrency in the world. Although these devices are not as convenient, they offer top-notch security. In this day and age, enthusiasts need to learn to control their own funds. Using a desktop wallet client or a mobile solution is a good start. Both of these methods still lack security, though. Hardware wallets such as KeepKey are an absolute must-have in the golden era of cryptocurrency. It requires a small investment, but knowing funds is 100% secure and offline at all times well warrants the cost.

A Much-needed Update for KeepKey Users

Especially now that KeepKey supports Bitcoin Cash, things will get very interesting. It is the big “announcement” of the update, but it’s not the only change. Many users who own a KeepKey have been wondering if BCH will ever be integrated. The company has taken this feedback to heart. It was quite some time since we last saw the last KeepKey software update. It seems the developers were working on some big changes. Integrating Bitcoin Cash support is a big step forward. Cryptocurrency is not just about Bitcoin these days.

Additional changes include overrides for Etherscan API calls. Additionally, there’s better ShapeShift support without fees. Plus, the user interface got a big overhaul which is a lot more friendly toward novice KeepKey users. It is good to see some of these much-needed changes come to this popular device. A big software update is exactly what the hardware wallet needs at this point. It will be interesting to see how many Bitcoin Cash users will go back to using KeepKey in the future.

Moreover, the KeepKey wallet software can help users claim their missing BCH as well. Within the software, users can open their BTC account and see the Bitcoin Cash value listed alongside the balance. Thanks to a small button, it can be sent other crypto assets support by this wallet. A very nice touch, as a lot of users have been wondering why they didn’t get this ‘airdropped’ currency. With all of those matters behind us, interesting things will happen. Last but not least, Bitcoin Cash is the only Bitcoin, according to the team. The regular BTC refers to the SegWit1x chain. An interesting opinion.

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The demand for secure crypto storage is almost as high as the demand for the assets themselves. Only a few companies at the moment are offering solid secure offline storage devices for cryptocurrencies and they are selling out like hot cakes. Ledger is one such company and it has just secured its second round of investments which will go into research and development and up-scaling operations.

In a press release on the company blog yesterday Paris based Ledger announced that Series B of funding has now been completed with 75 million USD secured in investments. The first round of investments was held in March 2017 where $7 million was raised. Leading the way was London based capital markets firm Draper Esprit whose CEO Simon Cook said;

“Blockchain, as evidenced by crypto assets, is a truly revolutionary technology. Security will be paramount to its success and we believe that Ledger has built the world’s best security platform to manage private keys for all blockchain and crypto asset applications. This is a global company for a global industry and we have built an international syndicate through the Draper Network to support the team in their huge ambition.”

A number of other venture capitalist partners added to the stash which included Draper Associates, Draper Dragon and Boost VC, as well as FirstMark Capital, Cathay Innovation, and Korelya Capital.

Eric Larchevêque, Ledger CEO, was pleased with the outcome;

“We initially designed our Ledger hardware wallet as an enabler for the blockchain revolution. Three years later and with this Series B, we are reaching a significant milestone in our path to build a technological giant in the promising space of cryptocurrencies. These funds will be used to keep investing significantly in R&D while scaling our operations and deploying our teams globally. I am delighted to bring on board Draper Esprit and a truly global group of investors who will support the company as it grows rapidly.”

Further services are in the pipeline including the Ledger Vault which aims to enable banks, funds and offices to secure and manage their crypto assets. The company has sold over a million hardware wallets around the world and demand is at an all-time high. They have currently sold out and have a pre-order notice on the website for the next batch on March 26.

There is always a growing demand for Bitcoin hardware wallets. Ledger and TREZOR are the clear market leaders in this regard. It seems we now have a new limited edition hardware wallet by the latter company. Only 4,000 units of the Model T will be created, making it somewhat of a collector’s item. Pre-orders for this wallet are open now and the product should start shipping in January of 2018.

It is always good to see more Bitcoin hardware wallet solutions come to market. More specifically, consumers crave these solutions first and foremost. It is up to manufacturers to create new products everyone can appreciate. The new TREZOR Model T seems to check all of the right boxes in this regard. Especially when considering how there will only be 4,000 units, pre-ordering quickly is the number one priority.

TREZOR Model T is Worth Buying

Under the hood, the Model T looks somewhat similar to other wallets produced by the company. It has a larger screen with a touchscreen interface. A total of eight different coins are supported, including BTC, LTC, ETH, ETC, and a few others. The Model T also boasts the same interface compared to previous models.Everything about this wallet looks pretty convenient and approachable. Solutions like these make life a bit easier for both experienced and novice cryptocurrency users alike.

Additionally, it seems other currencies will be supported by the TREZOR Model T in the future. It is unclear which coins that will be exactly, though. With so many currencies and digital assets, there is a growing list to pick from. Similar to previous models, this new wallet keeps confidential data on the device itself. The USB communication is only used after authentication. Plus, it boasts a USB-C connection and MicroSD support.

For the price of 149 EUR, there is nothing to dislike about the Model T whatsoever. It offers everything people could want and more. The limited edition aspect will only make it more appealing. It is a great way to introduce friends and family members to cryptocurrency. Granted, the price tag is a bit steep. However, it is a price people will pay for cryptocurrency wallet security. Keeping coins safe from harm is of the utmost importance right now.

Bitcoin enthusiasts have plenty of hardware wallets to choose from. The situation is very different when it comes to altcoin support, however. Very few service providers integrate some lesser-known altcoins these days. Ledger is making some big moves in this department, though. It appears the Nano S hardware wallet will soon support NEO. This particular altcoin is quickly becoming a darling cryptocurrency for speculators and investors.

Most cryptocurrency users around the world have heard of the Ledger Nano S. It is by far one of the most popular hardware wallet solutions for Bitcoin to date The company has also been working on support for a few different altcoins over the years. It now appears NEO support may be coming to this device very soon. One of the NEO subreddit community members has been working a solution for over two weeks now.

NEO and the Ledger Nano S

Just yesterday, he was finally able to sign a transaction on the blockchain with a Ledger Nano S. That is a major development in terms of hardware support, albeit unofficial. It is certainly possible Ledger will integrate this feature themselves in the future, but for now, they aren’t inclined to do so. The community project still needs to undergo some testing and upgrades. More specifically, the BIP 39 and BIP 32 code for recovery needs to undergo extensive testing.

It is good to see someone come up with a solution, though. Anyone can work freely on providing Ledger support for specific altcoins. While these efforts are not endorsed by the company, they aren’t blocking said efforts either. The one thing to watch out for is how this NEO integration is not officially supported at this time. Anyone making use of this software will do so at their own risk. That is, until Ledger issues an official firmware update supporting this particular altcoin.

More specifically, it is possible Ledger will sign the app. If that is the case, it is “endorsed” by the company albeit not developed by them. It may take a while until this process is completed, though. There is no official timeline for this particular aspect, unfortunately. This goes to show the NEO community will not go anywhere and is looking to make a name for itself. Whether or not the French manufacturer will sign the app, remains to be seen, though.

Hardware cryptocurrency wallet manufacturers are always looking for ways to improve their product. Ledger is clearly one of the market leaders in this regard. Their hardware wallet supports a few different currencies and additional coins will be supported soon. One of those to-be supported currencies is Decred. According to Twitter, DCR support will come to both the Ledger Blue and Nano S in the near future. A big development for this altcoin, to say the least.

It is evident companies such as Ledger have to look beyond Bitcoin these days. With so many people diversifying a portfolio through altcoins, secure wallet solutions are in high demand. For example, most altcoins don’t even have a mobile wallet right now. This forces users to either use a desktop client or keep money in an exchange. Neither of those solutions is appealing by any means. After all, no one wants to run dozens of desktop clients for different altcoins these days.

More big News for the Decred Community

For the Decred community, a new solution is seemingly imminent. They will be one of the few non-top 10 cryptocurrencies to receive hardware wallet support. This is a big step for Decred, to say the least. Their team has made a lot of progress over the months yet hardly gets any recognition for their work these days. Everyone is focusing on what the next pump of the day will be rather than acknowledge innovative currencies. Hardware wallet manufacturer Ledger has certainly paid attention to this particular currency, by the look of things. Otherwise, they wouldn’t  integrate it anytime soon.

More specifically, this Ledger hardware wallet support is a big milestone for Decred. Right now, the French company is looking to add more functionality to their products. Supporting additional currencies is a logical step in the evolutionary process. Picking the coins worth supporting is not all that straightforward, though. There are over 1,000 different cryptocurrencies and as many digital assets. Moreover, several thousand altcoin projects aren’t even tracked by most major platforms, yet they all have their own small communities. Expanding into the altcoin scene will be a big challenge for Ledger, to say the least.

For the time being, it is unclear when this integration will come to fruition. It’s good to see the French company pay attention to Decred, though. The team is also working with the Litecoin developers on future cross-chain atomic swaps. Both of these developments will have a big impact on the Decred ecosystem as a whole. Interesting things are taking place as far as this altcoin is concerned, that much is evident. Whether or not this will influence the DCR price, remains to be seen.

In a rather surprising turn of events, hardware wallet manufacturer has been acquired. The company acquired a software wallet  a few years ago. Acquisitions are pretty common in the Bitcoin world these days. With Shapeshift now picking up the company, interesting things are bound to happen. The first priority is enabling real-time trading on KeepKey devices using the ShapeShift API. An interesting concept that makes hardware wallets even more convenient.

It doesn’t happen often we see a service provider buy a hardware-related company. Then again, ShapeShift has been making a lot of waves in recent months. The company provided instant cryptocurrency exchange services without requiring account registration. Acquiring KeepKey is not something most people would necessarily expect. Then again, it all appears to be part of the company’s expansion plan. Integrating all-time trading on Bitcoin hardware wallets will be an intriguing development, to say the least.

KeepKey Will Remain an Individual Brand

Cryptocurrency users often struggle to keep coins safe. Hardware wallets make a lot of sense in this regard. Unfortunately, most altcoins aren’t supported at this time. That will now come to change, assuming they will have a portion of Bitcoin in their KeepKey balance. The money can be exchanged to altcoins on demand. ShapeShift supports a few dozen different currencies, which opens up existing opportunities. A combination of hardware wallet and trustless exchange service will be quite spectacular.

It is worth mentioning the basics of this integration are already there. KeepKey integrated ShapeShift’s API not too long ago.  This means this process could be integrated  a lot sooner than people anticipate. KeepKey CTO Ken Hodler is quite excited about this acquisition. It will also guarantee the future of KeepKey as a company, in his opinion. This seems to indicate the company will keep working on its hardware wallet without any issues or hindrances.

So far, it appears the KeepKey brand will not go anywhere. That is positive news, as the brand is quite popular among cryptocurrency users. Additionally, this acquisition will provide additional capital for security expertise and further wallet development. It will be interesting to see if more cross-brand promotion between both companies occur in the future. A limited edition ShapeShift-themed KeepKey is not entirely out of the question at this stage.

Header image courtesy of Shutterstock

Hardware cryptocurrency wallets have quickly become the norm these days. Consumers are looking for secure ways to store their digital assets. Ledger is one the companies who have made a big name for themselves in this regard. The company announced this week they will enable XRP support as of Friday, May 19th. An intriguing development, especially now that interest in XRP is surging.

It comes as quite a surprise to learn Ledger is keeping a close eye on XRP right now. The hardware wallet provider is looking to further solidify its position in the hardware wallet industry. Their current generation of hardware supports multiple cryptocurrencies already. Expanding the list of supported currencies is a smart move to solidify one’s position.

Ledger Will Enable XRP Support Soon

Keeping this in mind, it is not entirely surprising Ledger has kept tabs on XRP. The native digital asset of the Ripple Consensus Ledger has seen great interest as of late. Moreover, there are not many wallet solutions available. In fact, there is only one somewhat reliable desktop client for XRP right now. A hardware wallet will further solidify XRP’s position in the market. To be more precise, XRP is a digital asset and not a cryptocurrency, nor should it be considered to be one.

According to our information, both the Ledger Nano S and Ledger Blue will support XRP come May 19th. All devices will be compatible out of the box with no additional steps requires. However, users may want to install an app from the Ledger Manager to enable XRP support. The company will also develop a new app for PC, Mac, and Linux. it is unclear if this app will be released on Friday as well, though.

It is good to see hardware wallet manufacturers pay attention to what customers want. Demand for a proper XRP wallet has been rather overwhelming as of late.  Te company wants to cater to this particular market. It will be interesting to see what effect this will have on the Ripple ecosystem as a whole. With the XRP price shooting up recently, introducing a hardware wallet may cause some holders to store their funds offline for a longer period.

Header image courtesy of Shutterstock

The rapidly growing cryptocurrency community, combined with proportionally increasing cyber threats has made security a top priority for many. These recent developments have created an ideal market for hardware wallet businesses. Sensing the opportunity, few leading investment firms led by MAIF Avenir have invested $7 million into Ledger.

One of the popular hardware cryptocurrency wallet makers, Ledger has announced a successful Series A fundraising round for $7 million. Other investors in the business alongside MAIF Avenir includes XAnage, Wicklow Capital, GDTRE, Libertus Capital, Digital Currency Group, The Whittemore Collection, Kima Ventures, BHB Network and Nicolas Pinto.

Currently, Ledger manufactures a range of hardware wallets and multi-signature enterprise security devices. The cost of Ledger products ranges from EUR 15 for Ledger HW.1 to EUR 229 for Ledger Blue personal security device. The hardware wallet devices created by Ledger supports not only Bitcoin but also a range of other altcoins including Ethereum, Dogecoin, ZCash, Dash and Stratis tokens.

The French company’s hardware wallets run tasks directly on the secure element, similar to the ones used for authentication and encryption/decryption in mobile phones and other devices. It ensures that all transactional activities carried out on the device are secure. Speaking about the security of the hardware on a leading tech news platform, the CEO and co-founder of Ledger Eric Larcheveque said,

“When we manufacture the devices, all chips receive a Ledger certificate. When the device boots up, the computer sends a security challenge and the device answers.”

The security setup implemented in the device ensures that the wallets’ private keys remain private. In addition, the hardware also constantly checks for the firmware’s integrity to prevent exploitation of any potential loopholes. The hardware wallet sales figures of the company stand proof of the increasing demand for such devices. Exceeding the expectations, users have bought over 50,000 devices so far, most of them in the past few months.

With the recent funding, Ledger might start to expand its enterprise security and authentication solutions. There are also speculations of the company’s potential foray into creating devices and solutions for financial institutions, hedge funds, and even energy companies.

Ref: TechCrunch | Image: Ledger

Hardware wallets are one of the safest means to store cryptocurrencies and KeepKey features among the leading providers of such storage devices. The device, which until now was supporting Bitcoin and few other prominent altcoins has announced the inclusion of Dash support.

Dash is currently the sixth largest cryptocurrency in terms of market capitalization. The digital currency with a market cap of over $121.25 million is expecting the demand to surge in the coming days as the platform prepares to launch its full-fledged crypto-payments system codenamed Evolution. With the foundation already laid in the form of recent Sentinel upgrade, the existing community members are bracing for a rise in the cryptocurrency’s price.

As the value of Dash increases, the probability of hacking attempts targeting the cryptocurrency is also bound to increase. In such a scenario, the Dash community has convinced KeepKey to offer them a secure means to store the digital currency.

Conceding to the demands of the community, KeepKey recently announced an integration with Dash, enabling its users to safeguard their cryptocurrency stash. The new feature, currently in beta stage allows KeepKey users to receive, store and send Dash on their devices. The limited feature release is expected to include Dash’s PrivateSend and InstantSend functions soon.

Darin Stanchfield, the CEO of KeepKey in the company’s press release has commented on the new development saying,

“Partnering with Dash is the natural next step for KeepKey since our wallet is purely focused on security, mobility, and convenience; attributes that Dash shares. KeepKey protects digital assets from hackers by limiting their exposure to the internet. With this integration, we are extending our utility, and adding one more asset users can transfer to or from directly on our device.”

The new integration will not only benefit the existing Dash community members but also encourages other cryptocurrency users to switch to the “Bitcoin alternative”. The inbuilt ShapeShift function will now enable users to swap their existing cryptocurrency balances to Dash. The list of supported currencies on KeepKey now stands at six. Apart from Dash and Bitcoin, the platform also supports Ethereum, Litecoin, Dogecoin, and Namecoin.

Meanwhile, KeepKey will continue listening to the community and based on the suggestions, requests, and feedbacks received, it will be making necessary changes and feature additions to the hardware wallet.

Ref: Media Release | Image: Pexels

KeepKey, the hardware cryptocurrency wallet provider has announced the integration of ShapeShift. This integration will enable the company’s hardware wallet users to swap their digital currency assets from within the device itself.

The partnership announcement between KeepKey and ShapeShift makes it the first ever hardware wallet provider to integrate the latter’s crypto-crypto exchange service. Currently, the service allows wallet users to swap between three leading digital assets namely, Bitcoin, Litecoin, and Dogecoin (all cryptocurrencies presently supported by the device).

At the time when hacking incidents involving digital currency wallets and exchanges have become a regular occurrence, KeepKey will offer extra comfort and peace of mind to cryptocurrency traders. By using the new inbuilt ShapeShift feature, traders can now trade directly from their hardware wallet without having to expose their private keys to the internet.

The company has announced that it will soon be including support for other well-known cryptocurrencies as well. In the press release, the CEO of KeepKey Darin Stanchfield says,

“While digital asset security is KeepKey’s primary goal, we are making life easier for the growing number of consumers buying, selling and storing several types of cryptocurrency. They can swap whatever they like, whenever they like, without the hassle of setting up multiple wallets or addresses or signing up to various exchanges. For traders, it’s exciting to dramatically improve the speed and efficiency of the currency exchange process with the most secure hardware wallet on the market today. “

The founder of ShapeShift, Eris Voorhees is also quoted in KeepKey’s press release saying,

“Simple and convenient security is paramount for the growth of this industry. KeepKey is wisely bringing that ethos to greater circles of digital asset users with the ShapeShift integration,”

KeepKey has become the first mover when it comes to exchange integration into a hardware wallet. Users can access the new feature by unlocking the device and making transactions over multiple available accounts in a simple two-step process.

The integration of ShapeShift to a hardware wallet may just be the beginning of a whole new movement. Leading exchanges may soon develop custom APIs for integration with the most widely used hardware wallet brands. In such case, hardware wallets will begin to double as cryptocurrency trading platform as well.

It will also reduce the burden on exchanges, as the onus of security of the funds will shift from the online exchange platforms to individual users.

Ref and Image:  KeepKey