Market Update 12.29.18 – Researchers Find Ways To Access Hardware Wallets

| Publish date: 12/29/2018

Market News

Researchers Find Ways To Access Hardware Wallets

Radio antennae are, without a doubt, the original networking technology. And according to a group of researchers, they can become powerful hacking tools. The hardware researchers set out to identify the various kinds of vulnerabilities in the most popular hardware wallets used by digital currencies holders, from Trezor and Leger.

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At the Chaos Computer Club Conference in Germany, Dmitry Nedospasov said that he and his collaborators planned to find three different kinds of vulnerabilities. Interestingly, he confirmed that they have succeeded in finding these.

They presented vulnerabilities the supply chain (where the attacker gets access to the device before the consumer owns it), side channel attacks (where observations are made on the hardware itself rather than the code running the hardware) and glitch attacks (where attackers attempt to disrupt data transmission within a device).

Read the full report here.

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Italy Reveals National Blockchain Strategy Experts

The Italian government has just released a list of 30 experts who are all brought together to develop the nation’s blockchain strategy. The Ministry of Economic Development, via the said list, revealed a pool of expertise across areas. This includes, but not limited to, academic research, business, academic research, law, computer science, and, as expected, the blockchain technology.

Notable individuals include Angiolini Giorgio, head of marketing portfolio at a telecoms firm Italtel and also a member of UN INFO’s blockchain group; Monaco Marco, leader of the blockchain competence center at PWC Italy; Pimpinella Martino Maurizio, president of the Italian Association of Paying Services Providers; and Vitale Marco, president of blockchain firm Quadrans Foundation.

It is worth noting that the ministry had already called for members of the group and it was even back in September. At that time, it claimed that Italy’s fundamental priority is to “know, deepen and address the issue of distributed ledger technologies (DLT) and blockchain, as well as increase public and private investments in this direction.”

Read the full report here.

Samsung Wants UK Trademark For Crypto Wallet

The South Korean electronics giant Samsung is apparently looking for a trademark in the United Kingdom and it meant to apply specifically for a cryptocurrency wallet. In the “Classes and terms” section of the application, the tech company cites such developments as “Computer software for use as a cryptocurrency wallet; Computer software for cryptocurrency transfer and payment using blockchain technology; Computer application software for smartphones, namely, software to allow users to transfer cryptocurrency based on blockchain technology and pay via 3rd party’s application software.”

The application follows rumors — all of which were refuted by Samsung —  that the company has plans to include a digital asset cold wallet on its Galaxy S10 smartphone.

Read the full report here.

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Total Market Cap: December 29

The volume of trade in the crypto market sat at $18.82 billion. The market’s capitalization, on the other hand, reached $132.99 billion.

Bitcoin Price Analysis: December 29

In the past 24 hours, Bitcoin jumped 7.63% to trade at $3,945.94. The leading cryptocurrency’s trade volume trickled to $5.68 billion, while its market slid to $68.86 billion.

XRP Price Analysis: December 29

XRP’s price jumped 8.99% to trade at $0.381170. As for the altcoin’s trading volume, it reached $747.92 million; whereas its market capitalization hit $15.55 billion.

State of the Top 10 Cryptocurrencies: December 29

In the past 24 hours, all prices were up. Meanwhile, TRON continues to dethrone Cardano at the 10th spot.

  • Bitcoin’s market price jumped 7.63% to $3,945.94, and its value in the market is $68.86
  • XRP’s market price jumped 8.99% to $381170, and its value in the market is $15.55 billion.
  • Ethereum’s market price jumped 16.72% to $47, and its value in the market is $14.41 billion.
  • Bitcoin Cash’s market price jumped 58% to $172.58, and its value in the market is $3.02 billion.
  • EOS’ market price jumped 83% to $2.70, and its value in the market is $2.45 billion.
  • Stellar’s market price jumped 59% to $0.121368, and its value in the market is $2.33 billion.
  • Tether’s market price jumped 0.17% to $1.03, and its value in the market is $1.91 billion.
  • Litecoin’s market price jumped 41% to $28.87, and its value in the market is $1.73 billion.
  • Bitcoin SV’s market price jumped 49% to $93.14, and its value in the market is 1.63 billion.
  • TRON dethroned Cardano at the 10th spot, with its market price jumping to 9.76% to $020665. As for its value in the market, it is $1.38 billion.

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