Saving Private Keys From The Courts
Courts and regulatory entities shouldn’t be allowed to impose their uninformed thoughts on Bitcoin private keys in the form of law.This is an opinion editorial by Christopher Allen, founder and executive director of the Blockchain Commons.*Quotes from this article stem from sources here and here.Increasingly, attorneys in the United States are asking courts to force the disclosure of cryptographic private keys as part of discovery or other pre-trial motions, and increasingly courts are acceding to those demands. Though this is a relatively recent phenomenon, it’s part of a larger problem....
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By saving in bitcoin and holding your private keys, you can opt out of a flawed financial system and participate in the world’s largest nonviolent protest.
The proposed law won’t necessarily make crypto legal tender in the country, but it’ll at least be legally recognized financial asset for investments and other uses. A proposed addition to an existing Brazilian law would grant Brazilians the right to use cryptocurrency as a means of payment while protecting their private keys from being taken by the courts.Federal Deputy Paulo Martins issued the proposal to the country’s legislature on June 10. If passed, the bill would expand both the legal uses of cryptocurrency in Brazil and the power the courts would have in confiscating it.BRAZIL: Bill....
UK-based digital assets service provider Elliptic has partnered with Gem to offer a custodian service for the private keys of multisig wallets. Multisig wallets have at least three unique private keys. Through the new partnership, consumers will control one private key, while Gem and Elliptic will have custody over the two others. Customers are not obliged to assign the third key to Elliptic. However, if the client loses their key, Gem and Elliptic will use their private keys to transfer the user's funds into a new Gem multisig account belonging to the customer. Dr James Smith, CEO at....
Gem first previewed their unique, security-focused developer API for Bitcoin applications at TechCrunch Disrupt’s Startup Battlefield. The Venice, California-based startup revealed that their mission was to create an easy way for developers to build new Bitcoin applications and for consumers to stay in full control of their funds. Their unique API comes with multi-sig and hierarchical-deterministic (HD) wallets, two new technologies that are widely considered to be vast improvements in Bitcoin security. With normal Bitcoin addresses, there is one private key needed to move the bitcoins;....
Bitcoin vault service provider Elliptic has partnered with the developer-focused Bitcoin platform provider Gem to further enhance the security of their multi-signature wallets. Elliptic made an official announcement regarding the same on its twitter page today. Generally, a multi-signature Bitcoin wallet needs three unique private keys for the authorization of a transaction. The owner of the wallet holds two of these private keys while the wallet provider holds the third. As per the information conveyed, Elliptic will act as a trusted and independent third party to provide insured storage....