Noncustodial Bitcoin wallets unbannable, says exec behind Trezor wallets
There are a few ways for regulators to limit the usage of noncustodial wallets, but there is no way to ban it completely, SatoshiLabs CFO said. As regulators grow increasingly concerned about investors moving their cryptocurrency out of centralized exchanges, one industry exec has assessed the probability of a potential ban of noncustodial wallets.Stepan Uherik, the chief financial officer of SatoshiLabs, the firm behind the Trezor hardware wallet, is confident that it’s highly unlikely that governments around the world would manage to ban the use of noncustodial wallets one day.“It’s very....
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According to a recent account by a member of the BitcoinTalk community, it appears that certain members of the Federal government have a much deeper understanding of Bitcoin than previously thought. The poster says that during a raid, the government knew to seize unused Trezor wallets and transfer seized bitcoins to their own bitcoin wallets. Hardware wallets, when used correctly, are a highly recommended way to store bitcoins. Understanding how to keep bitcoins secure is a fundamental problem that any new user will face. To quote the poster directly: When "homeland security" raided our....
Hardware Bitcoin wallets are the next evolutionary step on the way of keeping BTC in safe and secure location. Considering most hardware wallets are pocket-sized, they have become increasingly convenient to carry around, and require no internet connection to use properly. One of the world’s leading hardware Bitcoin wallet manufacturers, Trezor, has gained the lion’s share of the market. But there is a new Trezor spinoff that will attempt to take that crown. It has to be said, Satoshilabs, the company behind popular hardware Bitcoin wallet Trezor, has created a fine piece of software. As a....
Hardware wallets became a reality in 2014 — most notably by the popular and well-reviewed Trezor. Developed by Prague-based SatoshiLabs, the device stores private keys and uses a USB connection for outgoing transactions. The device gives a seed to the owner with 12-24 words for recovery purposes, and also offers a pin to access funds. The Trezor can be....
Nowadays many people use web-based wallets and paper wallets for their convenient usage, but what happened to security? The hardware wallet is generally what you'll want, so today, we'll compare some common Bitcoin hardware wallets (Trezor, Ledger Nano), and show you the pros and cons of each. Trezor was one of the first hardware wallets and is also one of the most secure. The wallet was designed for storing large amounts of bitcoin securely, and therefore it is not meant for daily usage. Keeping that in mind, let’s take a look at the Trezor. The wallet features a strongly-built exterior,....
Not only did the team at TREZOR today confirm shipment details of their brand-new bitcoin hardware wallets, the company also announced the coming of a little something they call MyTREZOR - an web wallet catered to TREZOR hardware wallet owners. "Until the integration of the TREZOR device with other software wallets is finished we are introducing a MyTREZOR Web Wallet available at MyTrezor.com," says the announcement. "Our aim is to provide an easy and intuitive bitcoin transaction tool to TREZOR owners." The company touts security and convenience features, such as the ability to only make....