Ngrave Launches Physical Encrypted Private Key Backup

Digital asset security firm Ngrave announced the launch of a recoverable, encrypted private key backup engraved on a steel plate for cryptocurrency hardware wallets. According to the announcement on June 10, Ngrave Graphene is now available to the public after raising more than $159,000 from a crowdfunding campaign on Indiegogo. Ngrave Graphene has a “cryptographic puzzle” design focused on resisting electric shock, rain, fire, heat up to 1,660 degrees Celsius (3,020º F). The puzzle consists of two plates that contain the owner’s secret key with values on the plate arranged…

Crypto Garage Launches Commercial Service for Settlenet System

Japanese blockchain development company Crypto Garage announced it was launching commercial service on its Settlenet platform for the crypto OTC market. According to an update on Digital Garage’s website posted on June 8, its Crypto Garage venture is launching commercial service for Settlenet, a settlement system using Blockstream’s Liquid Sidechain.  Specializing in over-the-counter (OTC) transactions of digital assets for trading companies, crypto exchanges, asset managers and brokers, Settlenet has been in development since before January 2019, when Crypto Garage obtained regulatory approval from Japan’s Financial Services Agency (FSA) for a…

Singapore-Based TomoChain Launches P2P Lending Feature

Singapore-based cryptocurrency exchange TomoChain will launch a peer-to-peer, or P2P, lending feature in two weeks through its TomoDEX’s platform. According to an announcement, TomoDEX is the first decentralized exchange, or DEX, powered by the layer 1 protocol TomoX — which will have a maximum of 150 DEXs running on it. It’s currently in soft launch with spot trading enabled. The DEX boasts a reported speed of 2,000 transactions per second. Long Vuong, CEO of TomoChain said the P2P lending feature does require a trusted custodian and there will be no…

Crypto Exchange OKEx Launches Ether Options, EOS Options to Follow

Cryptocurrency exchange OKEx announced the launch of Ether (ETH) options contracts on its trading platform. According to a June 4 announcement, following today’s launch of ETH options, OKEx will also launch EOS options contracts on June 18. The firm also announced that it placed 1,000 ETH in the ETH Options insurance fund to prevent clawback. OKEx promotes options as a trading risk hedge Per the announcement, options allow traders to buy or sell the underlying asset to hedge risk and maximize profits. The announcement explains how the contract differs from…

Spanish Multinational Launches Free Tool to Decrypt Files Affected by VCryptor Ransomware

On June 3, Spain-based telecommunications conglomerate, Telefónica, released a free tool to recover data encrypted by the VCryptor ransomware. The tool, VCrypt Decryptor, was created as part of an international initiative titled “No More Ransomware”. This alliance was established by McAfee, Europol, Politie, and Kaspersky. It is one of several tools that aim to decrypt almost 134 types of ransomware. VCrypt’s attack method According to ElevenPaths, Telefonica’s specialized cybersecurity unit, VCryptor creates a password-protected .zip file in which it stores all encrypted data. It then generates new files with the…

Blockstream Launches Ventures Initiative to Grow Liquid’s Ecosystem

Blockstream, the firm behind the Bitcoin (BTC) sidechains Liquid and Lightning Network, has launched its “Liquid Ventures Initiative,” which seeks to connect developers looking to build on the commercial sidechain with crypto investors. The announcement follows the completion of the first Liquid Demo Day, which saw participation from startups and developers from Hong Kong, Israel, Spain, Switzerland, Japan and the United States. The Liquid Ventures Initiative is backed by over twelve Bitcoin-centric venture capital firms and entrepreneurs — including Nogle, Seven Seas VC, Blockchain Capital, Castle Island Ventures, Digital Garage…

Swiss Bank Maerki Baumann Launches Crypto Custody and Trading

Maerki Baumann, an unlisted family-owned bank in Switzerland, is expanding its cryptocurrency services by introducing crypto custody and trading. Following regulatory approval from the Swiss Financial Market Advisory Authority, or FINMA, Maerki Baumann will be offering its clients the trading and custody of crypto starting from June 2020. Five crypto assets will be available at the launch Announcing the news on May 29, the Zurich-based private bank said that the launch of new crypto features comes in line with Maerki Baumann’s crypto strategy initiated in early 2019. As part of…

Dogecoin CEO Elon Musk Launches Humans Into Orbit

Elon Musk, a tech mogul with indirect ties to the crypto industry, sent two humans into orbit on May 30 in the first private, manned space craft launch in history.  “The launch will be the first time a private company, rather than a national government, sends astronauts into orbit,” Fox News said in a May 27 brief. “It will also be the first time that astronauts launch from U.S. soil since the final space shuttle mission in 2011.” Ground control to Maj. Musk  Known for his leadership of futuristic car…

Brave Browser Launches Encrypted Video Calls Before Zoom

Brave, the privacy-centric cryptocurrency-powered web browser has launched in-browser video calls featuring end-to-end encryption. The encrypted video service, dubbed ‘Brave Together’ can be used to make unlimited encrypted video calls featuring two participants. All Brave users can access the feature, with no account sign-ups needed. Brave revealed that video conferencing supporting more than two participants is currently being tested on Brave Nightly — the development version of the browser. Brave Together is based on the open-source encrypted video software Jitsi — which was vouched for by NSA whistleblower Edward Snowden…

Venture Firm Proposes ‘DeRisking as a Service’ for Safe DeFi Launches

Ken Deeter, a partner at crypto venture firm, Electric Capital, proposed a pragmatic approach to ensure decentralized finance, or DeFi, projects are not exploited due to bugs in the system. In an article published on May 27 through the Electric Capital blog, Deeter calls for DeFi projects to introduce “better risk management.” This largely comes as a response to the many hacks and protocol failures that occurred in recent months, like the temporary theft of $25 million from the dForce protocol. Deeter believes that DeFi should adopt some of the…