Heartbeat-Sensing Wristband Doubles as Bitcoin Wallet
Canadian wearable-tech startup Boinym has launched a biometric bitcoin wallet that relies on its Nymi smart wristband for authentication. The Nymi wristband has a clever way of confirming the user's identity: it scans the wearer's heartwave using an electrocardiogram (ECG) sensor and matches its pattern to the one stored in its database. This offers 'always on' authentication, as it doesn't require any input from the user, and should function for as long as the user has a pulse. Bionym released the Nymi software development kit (SDK) last November and said at the time that it already had....
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In establishing this website, one of my goals was to feature new products that make us all go wow. Here we have one of these very products. It's called Nymi, and this Toronto-based company has designed a bitcoin wallet that relies on not keys or password, but your unique heart rhythm to allow access to stored funds. The wallet comes in the form of a wristband with a built-in electrocardiogram sensor to enhance security. "People don't know where their Bitcoin funds are stored, and who can access them. The Nymi's wallet application makes the answer clear: the wallet is physically stored on....
2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top ten crypto coins. USDC is also the only stablecoin with market capitalization greater than $1 billion other than tether. This year quite a bit of money has flown into the stablecoin economy and just recently all the stablecoin tokens in existence captured a $20 billion market valuation. This means all....
It's great that bitcoin gives you the power to "be your own bank", with almost zero fees and full control over your finances. But even banks discover sometimes such power can backfire. Nothing can stop human error, technical glitches, human nature or a combination of all three from wreaking havoc on the balance sheet. But bitcoin is also like a pocketful of cash. Like that time you shelled out $100 instead of $10, or two bills instead of one, a simple concentration lapse can see exponentially more bitcoin leave your wallet than you'd intended, never to be seen again. The difference between....
Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and cash. According to the U.S. company’s Q3 Digital Asset Report shared with news.Bitcoin.com on Oct. 30, Genesis grew its active loans outstanding 50% to $2.1 billion from $1.4 billion in the second quarter. Altogether, Genesis has processed a total of $13.6 billion....
Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has launched support for Ethereum in its decentralized exchange, Verse DEX, with ~$2 million in liquidity initially distributed across six trading pairs. The full-featured decentralized exchange will work seamlessly with the self-custodial multichain Bitcoin.com Wallet, providing millions of people with a simple but secure way to permissionlessly swap cryptocurrencies without having to rely on third-party custodians. “Bitcoin.com is a....