Author: Fintech Crypto News

US Startup Introduces Crypto Hardware Wallet Chip for Cell Phones

VaultTel has launched a tiny cryptocurrency hardware wallet that sits in the SIM tray on mobile phones. The U.S. based firm announced on Tuesday that the wallet solution combines an app and the VaultTel Intellichip card to store cryptocurrency private keys on mobile devices, using biometric authentication and “military grade” encryption to keep the funds safe. VaultTel said that the card can be placed in the SIM card slot of dual-SIM Android mobile phones, or can be used with a dongle accessory on iPhones. The firm added “More than that, no spy screen recorder or Trojan can record what...

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Ernst and Young unveils crypto tax accounting tool to help investors pay Bitcoin taxes

The Big Four accounting firm Ernst & Young introduces a cryptocurrency tax tool to streamline bitcoin taxing in time for the 2019 U.S. tax season. Ernst & Young said it designed its EY Crypto-Asset Accounting and Tax (CAAT) program specifically for its clients who invest in cryptocurrencies. The tool is just in time when Americans begrudgingly prepare to file their tax returns. The accounting juggernaut said the U.S. rollout of the software is part of its strategy to become a leader in blockchain services. “EY CAAT has the ability to source transaction-level information from virtually all major exchanges. It...

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WhatsApp all set to launch cryptocurrency targeting NRIs sending money home

With its diaspora sending $80 billion back home in 2018, India is the world’s top recipient of remittances. WhatsApp, an end-to-end encrypted messaging platform, is looking to target that market with a launch of cryptocurrency in the first half of 2019. The news hasn’t come as much of a surprise as earlier last year too Facebook had spoken about incorporating Bitcoin into its products. India has a huge migrant population who can benefit from cryptocurrencies as unlike the legacy financial system, cryptocurrencies would make transfer of money easy and the remittance payers would spend less in fees to send...

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Crypto Exchange Kraken Offers $100,000 Reward for Missing QuadrigaCX Crypto

This year’s biggest blockchain mystery: What happened to QuadrigaCX’s coins? Kraken announced Thursday to pay a reward of $100,000 to users who could help locate the missing funds. Any tips sent to the platform will, in turn, be shared with law enforcement and rewarded, the company said in a blog post. The reward is payable in fiat or cryptocurrency. Kraken is encouraging users to listen to a podcasts that outline both what is already known about QuadrigaCX. In order to encourage its users to participate, the Canadian crypto exchange that collapsed last month, another podcast describing what Kraken’s operators...

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Facebook plans to launch its cryptocurrency in the first half of 2019

Facebook is in talks with numerous exchanges about potentially listing a cryptocurrency. New York Times story published Thursday reveals plans of Facebook to list a token soon.‘The Times’ reports that Signal and Telegram are also planning to roll out tokens over the next 12 months. This is the most anticipated but secretive project at Facebook. The company is working on a coin that users of WhatsApp, which Facebook owns, could send to friends and family instantly, said five people briefed on the effort who spoke on the condition of anonymity because of confidentiality agreements. The social media giant has...

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