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Franck Muller Releases Luxury Watch With Bitcoin Cold Wallet Functionality

High-end Swiss watchmaker Franck Muller has partnered with alternative assets investing firm Regal Assets to release the bitcoin (BTC) storage watch “Encrypto,” according to a report by Cointelegraph Brasil on May 23.In addition to being a high-end fashion accessory, with a price ranging from $9,800 to $50,600, the watch

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Bitfinex Withdraws $89 Million From Cold Wallet as Users Signal Exodus Over Legal Debacle

Cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet, blockchain data reported by cryptocurrency news outlet The Block confirmed on April 26.Bitfinex, which has the same owner as USD stablecoin Tether (USDT), has not publicly explained the reason for the withdrawals, which come as

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Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets

Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17.Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets

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Big Four Auditor Reveals Status Of QuadrigaCX’s Bitcoin Cold Storage

On February 5th, 2019, a press release by QuadrigaCX shocked the broader cryptocurrency community. With the death of chief executive Gerald Cotten, the Canadian exchange allegedly lost access to $190 million Canadian worth of cryptocurrencies held in cold storage, as Cotten left Earth with no succession plan. The late entrepreneur’s

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Hardware Wallet Doesn’t Store Private Keys to Surpass Cold Storage

A payments technology company has created a hardware wallet that addresses the “flawed approach” used for cold storage — and eliminates the physical storage of private keys.Instead of storing private keys on a device — a “potential security problem” — Bitfi says it has developed technology that does not store

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Independent Research Claims to Identify Five QuadrigaCX Cold Wallets

An internet analyst has claimed to have delineated four Bitcoin addresses that belonged to defunct Canadian exchange QuadrigaCX, publishing their findings on Reddit on Feb. 13.The post, by a user known on Reddit as u/dekoze, indicates five addresses allegedly associated with the exchange, noting that the number is just a

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QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access

Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12.The founder of QuadrigaCX, 30-year-old Gerald Cotten, died in December 2018. The exchange has been unable to access its cold

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