Connect with us

Blockchain

Unboxing Trezor Review, Migrating from Bitcoin Armory

2018 Update – Bitcoin Trezor wallets now support Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Litecoin, ZCash and also can integrate with MyEtherWallet for Ethereum and Ethereum Classic Over the past few months, mainly due to hardware problems, we’ve had to abandon Bitcoin Armory due to the blockchain repeatedly getting corrupted, and locking us out from our bitcoins while the blockchain rebuilds. After asking around, we followed the advice of some friends and bought a Trezor wallet. Now we’ve had some time to get to grips with it, and use it, we thought it would be a good idea to do an

Published

on

2018 Update – Bitcoin Trezor wallets now support Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Litecoin, ZCash and also can integrate with MyEtherWallet for Ethereum and Ethereum Classic

Over the past few months, mainly due to hardware problems, we’ve had to abandon Bitcoin Armory due to the blockchain repeatedly getting corrupted, and locking us out from our bitcoins while the blockchain rebuilds. After asking around, we followed the advice of some friends and bought a Trezor wallet. Now we’ve had some time to get to grips with it, and use it, we thought it would be a good idea to do an unboxing of what we received, and talk through the process of migrating our bitcoin wallet from Armory into Trezor.

trezor-package

It only took ten days with standard mail for our Trezor to arrive in the post, which arrived in a jiffy bag to keep things protected. We’d opted for standard mail on top of the $99 cost of the white wallet. Opening the package, we were presented with a nice little box with the trezor, and a small note with an additional USB cable in case we had any problems with the one in the package.

Inside was our white Trezor wallet, a selection of black and white stickers, a slip of paper so we could write down our recovery seed as a paper backup, a lanyard to attach to the wallet, and a short USB cable.

Booting up the device, we set up our Trezor web wallet, and installed the plugin for Chrome to talk to the wallet. While initialising it, we were presented with a screen asking us to set up the wallet. It presented us with the first of twenty four words we’d need to write down on our recovery seed. This can only be generated while the wallet is connected via USB, and half way through our first attempt we knocked the USB which reset the process. Starting over again, we went through the process, writing down each word and pressing the button to move forward in the process. Once complete, we could see our first wallet. We also then set up our PIN number, and passphrase for the device.

We transferred a small amount of bitcoin into this wallet, but planned on setting up three different wallets, to mirror our setup with Armory. After the first transaction had confirmed, we were able to set up a second wallet, with different addresses, send this a small transfer, and then do the same a third time.  Once set up, we could then proceed to start the process of migrating from Armory. Now there was a lot of manual work to do so on this, as both wallets are incompatible. So starting off we set up new bitcoin addresses. Trezor let us set up twenty at a go, and then asked to make a small deposit to make more, to avoid having tons of blank addresses.

trezor-unboxing

Moving from Armory to Trezor was akin to moving from Android to iOS. With many of the sites we have accounts with, we were able to swap out the bitcoin addresses with our Trezor ones, meaning we could kill the corresponding Armory address without worry. However, in a couple of cases, such as our referral links for our faucet list, and our Eligius mining address, we were unable to move these accounts. In both cases, we had to set up brand new addresses to continue using them. We took the private keys from the relevant addresses, and then swept these into a mobile wallet. This was the one issue we ran into, in that you can’t import existing bitcoin addresses into Trezor.

So once set up, we were able to receive transactions to our new wallets. Transferring coins is very simple, as you can load up the MyTrezor web wallet to see transactions which is based on blockchain.info (so there can be some information delays if that’s down for maintenance) and only need to connect the Trezor when you want to sign an outbound transaction. Trezor uses a unique system for this. When you’re setting it up, you create a pin number. Then when you are signing a transaction, you see a 3×3 grid of black dots on white squares, with the numbers randomly displayed on the Trezor screen. You click the corresponding dot to the number. This is a very secure way of doing things and part of the anti-keylogger approach to the wallet. After entering a passphrase (if enabled), you then confirm your transaction, and again with the fees included. You can see these fees on your web wallet, and put in a priority fee if you’d like.

If you would like to store notes about transactions, or names for wallets, you can integrate a dropbox connection, setting it up as an authorised app, and then be able to sync your wallets across different devices. I did check my wallet URL on a mobile, and it wouldn’t let me see it. However, if you want to connect your Trezor to mobile wallets, there are an ever-increasing list of Trezor compatible apps which support it on Android via the USB cable.

So in review, is the Trezor worth the money? For the amount of convenience, and the opportunity cost we regularly accounted at the end of our experience with Armory, yes it is. It’s nice to have a tangible bitcoin gadget, free up 160gb of hard drive space, not have long boot up times, and it’s made our experience with bitcoin so much easier. Priced at €69 plus shipping, there are cheaper alternatives available, but the pedigree of Slush (author of the Stratum protocol which most mining pools run on these days) being behind the creators Satoshilabs definitely helps make this the original and best wallet we’ve come across. Click here to buy a Trezor

As of 2018, Trezor also now support payments with credit card.

This is a promoted post, but we purchased this Trezor with our own funds. Read more in our Editorial Policy

Our site is largely funded by affiliate links and advertising. If you click a link on our site we may receive renumeration. If you are using adblock, please whitelist us to support us, or if you’re a user of Tip us on Brave Browser Brave Browser, we’re a verified publisher, and welcome any tips!

Source: https://bitcoinsinireland.com/unboxing-trezor-review-migrating-from-bitcoin-armory/

Blockchain

EGLD Technical Analysis: Breakout of Price Beyond $240.83 Seen, Bullish Day Ahead

EGLD Technical Analysis: Breakout of Price Beyond $240.83 Seen, Bullish Day Ahead

Rate this post Elrond is described as a part of the technology ecosystem for the new internet, including, fintech, decentralized finance, and even the Internet of Things. Elrond platform is capable of performing 15,000 transactions per second, with a latency of six seconds. Let us look at the technical analysis of EGLD. Past Performance On September 16, 2021, EGLD started trading at $241.89. As of September 22, 2021, the closing price of EGLD was $230.51. Thus, in the past week, the EGLD price has decreased by roughly 4.90%. And, in the last 24 hours, EGLD has traded between $202.34-$241.99. https://www.tradingview.com/x/iqVxlFYS/ EGLD Technical Analysis The EGLD price is in a regression trend, which is trading in an upward direction. The price takes support from the support line of the trend and bounces back to the mid-range level. Currently, the price is trading near the mid-range and its long-term resistance level. As per the Elrond market behavior, we can expect it to give a breakout from this range.  Let us see what the indicators are indicating: Currently, EGLD is trading at $240.83. The price has increased from the opening price. Thus, we can witness some bullish momentum in the EGLD token. However, on the chart, we can see that the price is trading in an upward direction. A breakout can be on the horizon. On the daily chart, the MACD and Signal lines are in the positive zone. Moreover, by forming a bearish crossover by the MACD line over the Signal line. Thus, the overall market momentum is bearish, and we can expect the EGLD price to fall. However, both the lines are close to the zero lines and may change signs soon. Thus, there may be a trend reversal on the horizon. The RSI indicator is at 57%. It is currently resisting itself to move upward. Thus, the buying pressure can be seen mounting slowly. Hence, we can expect the price to rise again after a few hours. Day-Ahead and Tomorrow The EGLD price has fallen below the Fibonacci pivot point of $250. As some of the oscillators have shown bullish signals, we can expect the price to rise above the Fibonacci pivot level of $249.35 soon. A breakout from this level will highlight the next resistance at $273. The price has tested and fallen below the 23.6% FIB retracement level of $249.37. If the price falls below the 23.6% FIB extension level after some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well. Furthermore, the price can retest the support level at $202.87.

The post EGLD Technical Analysis: Breakout of Price Beyond $240.83 Seen, Bullish Day Ahead appeared first on Cryptoknowmics-Crypto News and Media Platform.

Published

on

Elrond is described as a part of the technology ecosystem for the new internet, including, fintech, decentralized finance, and even the Internet of Things. Elrond platform is capable of performing 15,000 transactions per second, with a latency of six seconds. Let us look at the technical analysis of EGLD.

Past Performance

On September 16, 2021, EGLD started trading at $241.89. As of September 22, 2021, the closing price of EGLD was $230.51. Thus, in the past week, the EGLD price has decreased by roughly 4.90%. And, in the last 24 hours, EGLD has traded between $202.34-$241.99.

TradingView Chart

EGLD Technical Analysis

The EGLD price is in a regression trend, which is trading in an upward direction. The price takes support from the support line of the trend and bounces back to the mid-range level. Currently, the price is trading near the mid-range and its long-term resistance level. As per the Elrond market behavior, we can expect it to give a breakout from this range.  Let us see what the indicators are indicating:

Currently, EGLD is trading at $240.83. The price has increased from the opening price. Thus, we can witness some bullish momentum in the EGLD token. However, on the chart, we can see that the price is trading in an upward direction. A breakout can be on the horizon.

On the daily chart, the MACD and Signal lines are in the positive zone. Moreover, by forming a bearish crossover by the MACD line over the Signal line. Thus, the overall market momentum is bearish, and we can expect the EGLD price to fall.

However, both the lines are close to the zero lines and may change signs soon. Thus, there may be a trend reversal on the horizon.

The RSI indicator is at 57%. It is currently resisting itself to move upward. Thus, the buying pressure can be seen mounting slowly. Hence, we can expect the price to rise again after a few hours.

Day-Ahead and Tomorrow

The EGLD price has fallen below the Fibonacci pivot point of $250. As some of the oscillators have shown bullish signals, we can expect the price to rise above the Fibonacci pivot level of $249.35 soon. A breakout from this level will highlight the next resistance at $273.

The price has tested and fallen below the 23.6% FIB retracement level of $249.37. If the price falls below the 23.6% FIB extension level after some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well. Furthermore, the price can retest the support level at $202.87.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://www.cryptoknowmics.com/news/egld-technical-analysis-breakout-of-price-beyond-240-83-seen-bullish-day-ahead/

Continue Reading

Blockchain

Bitcoin.org Hacked, Showing Sign of “Double Return Bitcoin” in Gift Scam


Bitcoin.org, an open-source and peer-to-peer platform focused on bitcoin development, was hacked this Thursday morning by showing bitcoin’s giveaway activities. (Read More)

Published

on

By

Bitcoin.org, a peer-to-peer (P2P) and open-source platform focused on bitcoin development was hacked this Thursday morning by showing bitcoin’s giveaway activities.

Starting at about 05:44 UTC on Thursday, a sign of “This website cannot be accessed” displayed on the Bitcoin.org website.

After that, an aside window popped up on the Bitcoin.org homepage, asking users to deliver Bitcoins to a dedicated address with an attached QR code and address, and claimed that it would be returned in double in the future.

The news stated that the campaign was targeted at the bitcoin foundation to give back to the user community that it has always supported and was limited to the first 10,000 users.

Bitcoin.org is not affiliated with the Bitcoin Foundation, but the site often appears when users search for bitcoin on search engines.

At present, the direct URL of the website cannot be accessed, and other subpages cannot operate normally.

The user is promised a doubled false promise through false gift fraud after transferring encrypted assets to this wallet address, causing the user to lose the transferred bitcoin.

According to the data on the chain, the receiving address has received 0.4 BTC in the past few hours, with a total value of more than $17,700.

Image source: Shutterstock PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://Blockchain.News/news/bitcoin.org-hackedshowing-sign-double-return-bitcoin-gift-scam

Continue Reading

Blockchain

Bitcoin, Ether, or XRP – The crypto of choice for terror funding is…

Published

on

It has been a tense time for Coinbase. The crypto-exchange recently felt the regulatory squeeze when the United States SEC reportedly threatened to sue if Coinbase launched its high-interest crypto product – Lend.

These developments, however, haven’t stopped the exchange from highlighting its efforts towards compliance. A recently-released Twitter thread is a case in point.

The crypto-exchange yesterday shared statistics about cryptocurrencies’ link to global terrorism, and what it is doing to combat the threat.

Coinbase investigates

Cryptocurrency’s “links” to terrorism are a major reason behind the FUD among international policymakers and regulators.

And yet, a report by Coinbase’s Special Investigations Team found that “illicit activity” made up less than 1% of all activities in the crypto-space in 2020. This was an observation arrived at after looking at the BTC, ETH, LTC, BCH, and XRP blockchains or ledgers.

About terrorism, the report stated,

“Further breaking down illicit activity, we find that transactions associated with terrorist financing (TF) in 2020 made up less than 0.05% of all illicit volume. As such, terror funding in cryptocurrencies remains extremely low in overall terms.”

It’s worth noting, however, that the report identified the Palestinian militant group Hamas as having raised the most funds among terrorist organizations.

Do terrorists have any preferences?

According to the said report, Hamas has collected more than $750,000 in Bitcoin since 2018. After Hamas, the Saudi-led jihadi activist movement has raised more than $250,000 in Bitcoin and altcoins. In third place, came an Al Qaeda-related exchange service.

Source: Coinbase Blog

Bitcoin was the most prominent crypto in terrorism financing, but the report also identified the growing popularity of altcoins such as XRP and Ether.

Bitcoin’s popularity could be due to its status as the biggest crypto and the coin’s relative stability. Meanwhile, XRP’s use case is similar to the cross-border hawala remittance practice common in Middle Eastern and South Asian cultures.

In order to stop terror funding campaigns, Coinbase claimed it would “blocklist” crypto-addresses related to such institutions, use its analytics, and work with agencies like the FBI.

Analyzing Hamas

Put simply, the Palestinian organization aims to destroy Israel. It has two main components – A military force and a social welfare arm.

In 2020, Chainalysis reported how the organization’s Izz ad-Din al-Qassam Brigades (AQB) launched multiple campaigns to raise Bitcoin donations. Their tactics included instructional videos for both basic and experienced tech users, as well as unique payment addresses for every donor.

While crypto-terror funding is a small part of the vast DeFi sector, traders can expect to see more exchanges and companies keeping a watch on organizations classified as terror groups.

Where to Invest?

Subscribe to our newsletter

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://ambcrypto.com/bitcoin-ether-or-xrp-the-crypto-of-choice-for-terror-funding-is

Continue Reading
Blockchain5 days ago

Over 40 days after Ethereum’s EIP-1559, here’s where it stands

Blockchain4 days ago

Matic Price to hit $1.75 in the next leg up! Launch on Bitfinex to be the Catalyst?

Blockchain4 days ago

After Targeting BlockFi, State Regulators Now Set Their Eyes On Celsius

Uncategorized4 days ago

What is The Old Gym in NBA 2K22 Next Gen?

Uncategorized4 days ago

NBA 2K22 Limitless Spot-Up and Chef Badges Explained

Uncategorized5 days ago

Shiba Inu (SHIB) Rises to Range High

Uncategorized5 days ago

NFTs Are the Building Blocks of the Metaverse — Here’s How It’s Being Built

Blockchain5 days ago

Ripple’s Legal Team Says They Have No Plans To Settle With SEC Over Lawsuit On XRP Sales

Blockchain5 days ago

EY Taps Polygon Network to Improve Enterprise Clients’ Experience 

Uncategorized4 days ago

Best Dribble Pull-Up in NBA 2K22: Which to Use

Blockchain4 days ago

Flux Pools autoriza o pagamento de ativos paralelos em mais de 300K Flux!

News5 days ago

XRP Lawsuit: Here’s Why Experts Think Ripple Could Win the Case Against SEC

Blockchain4 days ago

All you need to know about MATIC before investing

Blockchain5 days ago

Shiba Inu’s days in the sun may be over; here’s why

Blockchain5 days ago

EOS: Why there’s a question mark attached to its long-term trajectory

Blockchain4 days ago

Smart Contracts Running on Bitcoin? Internet Computer Founder Explains How It’s Possible

Uncategorized2 days ago

PetPals, One Of The First Play-To-Earn NFT Web-Based Games Is Out Now

Uncategorized4 days ago

What is Phuture?

Uncategorized5 days ago

U.S. Homeland Security Signs $1.36M Contract with Coinbase

Blockchain5 days ago

TVL up by >990% in a year, but SushiSwap might be its worst enemy

Trending