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The Original Software Wallet Releases its First Hardware Wallet

Blockchain is releasing its first hardware wallet, called the Lockbox. The company that is synonymous with having one of the oldest software wallets will begin shipping its new device in November.

Blockchain’s Lockbox

Blockchain’s online software wallet boasts over 30 million accounts, so will its new hardware device do the same?

The company partnered with hardware wallet maker Ledger to create the Lockbox and has already begun taking orders.

The Lockbox is setting out to be different. It allows the user to make crypto-to-crypto trades through Blockchain’s native brokerage called Swap. This platform launches next week, and the idea behind it is to make trading and storing happen all in one place.

As Blockchain CEO Peter Smith put it:

“For us, what’s really important right now is to get the product to a point where you don’t need other places to complete your user actions in crypto.”

Also, Lockbox can only connect with legitimate websites thanks to an innovative safety feature within the device. This will reduce phishing attempts and hacks. The company calls this “endpoint-controlled” and it means a user can’t be tricked by a fake site.

>> Coinbase BCH Insider Trading Case Dismissed by US Court

Lockbox Wallet Support

The wallet will support Bitcoin, Ethereum, and Bitcoin Cash to start. However, if demand dictates it, the team is willing to support other coins.

Creating the Lockbox with Ledger will help this along as Ledger has support for nearly 100 crypto assets.

Smith has been noted as saying “I think we will be more aggressive on adding assets in the next six months […] In the long run, I see our trading system being both a consumer and a provider to DEXs (decentralized exchanges).”

Smith continued:

“We built a machine trading platform […] It connects to different liquidity [sources] across the ecosystem, everything from different exchanges to market makers.”

Is a hard wallet your preference? Blockchain and Ledger both have huge user number and good reputations. Will Lockbox be a success?

Featured Image: Depositphotos/© TPOphoto

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The Original Software Wallet Releases its First Hardware Wallet

Blockchain is releasing its first hardware wallet, called the Lockbox. The company that is synonymous with having one of the oldest software wallets will begin shipping its new device in November.

Blockchain’s Lockbox

Blockchain’s online software wallet boasts over 30 million accounts, so will its new hardware device do the same?

The company partnered with hardware wallet maker Ledger to create the Lockbox and has already begun taking orders.

The Lockbox is setting out to be different. It allows the user to make crypto-to-crypto trades through Blockchain’s native brokerage called Swap. This platform launches next week, and the idea behind it is to make trading and storing happen all in one place.

As Blockchain CEO Peter Smith put it:

“For us, what’s really important right now is to get the product to a point where you don’t need other places to complete your user actions in crypto.”

Also, Lockbox can only connect with legitimate websites thanks to an innovative safety feature within the device. This will reduce phishing attempts and hacks. The company calls this “endpoint-controlled” and it means a user can’t be tricked by a fake site.

>> Coinbase BCH Insider Trading Case Dismissed by US Court

Lockbox Wallet Support

The wallet will support Bitcoin, Ethereum, and Bitcoin Cash to start. However, if demand dictates it, the team is willing to support other coins.

Creating the Lockbox with Ledger will help this along as Ledger has support for nearly 100 crypto assets.

Smith has been noted as saying “I think we will be more aggressive on adding assets in the next six months […] In the long run, I see our trading system being both a consumer and a provider to DEXs (decentralized exchanges).”

Smith continued:

“We built a machine trading platform […] It connects to different liquidity [sources] across the ecosystem, everything from different exchanges to market makers.”

Is a hard wallet your preference? Blockchain and Ledger both have huge user number and good reputations. Will Lockbox be a success?

Featured Image: Depositphotos/© TPOphoto

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Ripple (XRP) and Litecoin (LTC)

The cryptocurrency market is currently sitting just above $210 billion this morning. While mainstream media is heavily focused on cannabis at the moment, blockchain companies are still making moves in the background. Today, we’ll take a closer look at Ripple (XRP) and Litecoin (LTC) and the latest advancements with the two projects.

Ripple (XRP)

Ripple and XRP are often confused as the same and are often grouped together because what Ripple the company does ultimately affects/influences the price of XRP.

Less than a month ago, Ripple revamped its website to solely focus on RippleNet. RippleNet has just expanded its xRapid platform that uses XRP as liquidity for financial institutions. While its xCurrent platform currently has over 100 banks and financial institutions signed up and testing its XRP-less platform, Ripple’s goal is to eventually transition these institutions to RippleNet.

Ripple’s press release explained why using XRP is crucial for cross-border transactions:

“Pilots in the crucial U.S. to Mexico remittance corridor using XRP as a digital asset demonstrated savings of 40-70% compared to traditional costs. At the same time, it helped lower settlement times from two to three days to just over two minutes.”

At press time, XRP is currently trading at $0.465 a coin, up 0.34%, in 24 hours.

>> Small Bitcoin Fee: Only 10 Cents for $194 Million on the Bitcoin Network

Litecoin (LTC)

On Tuesday, LTC began trading on Gemini.

Gemini is the cryptocurrency exchange owned by the US Olympian Winklevoss Twins. Gemini is currently the 42nd largest cryptocurrency exchange by its total trading volume on CoinMarketCap.

BTC/USD pairs still equate for over 80% of the exchange’s volume in the last 24 hours. So far, LTC/USD only makes up 0.73%, with a volume of $214,836. On the 15th when the announcement was made about LTC being launched on Gemini, LTC surged 10% in an hour but quickly corrected.

The Litecoin Foundation also just celebrated its 7th birthday on the 12th.

According to CoinMarketCap, LTC is currently trading at $53.00 a coin, down -0.40%.

Check back in for more Ripple and Litecoin news!

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Ripple (XRP) | Climbing After Crypto Market Correction

Ripple (XRP) is making a dashing comeback this morning after the crypto market lost over $20 billion in value this week. Many of the other cryptocurrencies in the top 20 were seeing double-digit losses yesterday, as investors began dumping their digital assets. Now it seems most are making a comeback and XRP is leading the way.

Ripple (XRP) Comeback

Ripple concluded its annual Swell conference last week. The company put together a two-day conference that was held in San Francisco.

In addition to all the news surrounding Swell last week, the Japanese Bank Consortium launched its Ripple-powered MoneyTap app. Despite all the positive news surrounding the conference and MoneyTap, XRP continued to slide downward.

>> Cryptocurrency Sell-Off

However, this morning Banco Santander, a Ripple-partnered bank located in Spain, announced that they are now going live with SWIFT’s global payments innovation (GPI) in four countries. Banco Santander now offers SWIFT’s rapid cross-border payment service in Spain, the UK, Argentina, and Poland. The bank plans on expanding to Mexico and Chile before the end of 2018.

In the past, Banco Santander has been using Ripple’s payment solution for cross-border payments, and earlier in the year, they launched their Ripple-powered application OnePayFX.

Ed Metzger, Head of Innovation at Banco Santander, spoke at the Swell conference about how his bank’s journey with Ripple has improved his customers’ lives.

Metzger said:

“We believe that financial services is moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with OnePay FX.”

There has not been any news released about Ripple in last 24 hours, so this announcement by the bank may be what’s pushing XRP’s price up.

XRP Price Movement

According to CoinMarketCap, XRP is currently trading at $0.432 a coin, up 6.57% in 24 hours. Currently, XRP is leading the top 20 cryptocurrencies by their total market cap in percentage gains.

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Ripple (XRP) and TRON (TRX) Prices Slide Despite Major Progress

The cryptocurrency market is trading in the red again today. Bitcoin (BTC) has just dipped below the $6,600 mark and Ethereum (ETH) is trading just above $225. Both Ripple (XRP) and TRON (TRX) are sliding down today, despite both announcing major news regarding their projects recently.

Let’s take a closer look at Ripple and TRON and their latest project advancements.

Ripple (XRP)

Ripple concluded its Swell 2018 conference last week in San Francisco.

In addition to the conference, the Money Tap app powered by Ripple’s xCurrent software just launched in Japan. There has been lots of movement for Ripple over the last two weeks. Less than 24 hours ago, the cryptocurrency project announced that David Schwartz, Ripple’s CTO, will be a featured speaker at SXSW 2019.

Ethereum’s co-founder and ConSynsys founder, Joe Lubin, will also be speaking at the conference.

Despite the positive news, XRP has been backsliding on the market this week. According to CoinMarketCap, XRP is currently trading at $0.469 a coin, down -1.24% in 24 hours. For the week, the cryptocurrency is down -10.83%.

>> Ripple’s xRapid Expands into Commercial Production

TRON (TRX)

The TRON Foundation is currently voting on the release of the TRON Virtual Machine.

There seems to be some confusion among the cryptocurrency community, as TRON’s Founder Justin Sun has said one thing while the TRON Foundation is tweeting something different.

As you can see below, the TRON Virtual Machine was supposed to already be launched by now (according to Sun), but the TRON Foundation says voting is still taking place. It seems Sun may have jumped the gun on the announcement dated on the seventh.

So, has Odyssey 3.1 been released yet? Doesn’t seem so.

Despite the confusion, the TRON Foundation is trucking along as usual and has announced its new developer suite.

This will go live once the TVM is released on the new mainnet version.

According to CoinMarketCap, TRON (TRX) is currently sitting as the eleventh largest cryptocurrency by its total market cap. At the time of writing, TRX is currently trading at $0.0250 a coin, down -1.85%.

Check back in for more news from coins like Ripple (XRP) and TRON (TRX).

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