Testing the Newly Transformed Non-Custodial Coinbase Wallet

Wallets

A while back, the San Francisco-based exchange Coinbase announced the launch of an ethereum-based wallet called Toshi. The application was a private and secure messaging platform tethered to a non-custodial ETH wallet. Now Coinbase has decided to revamp the application and Toshi will become the ‘Coinbase Wallet’ which will not only offer ETH and it’s token derivatives but soon it will also hold BCH, LTC, and BTC.

Also read: The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

Toshi Platform Changes to Coinbase Wallet

Testing the Newly Transformed Non-Custodial Coinbase Wallet Next time someone tells you Coinbase is “not a wallet” you can tell them that the San Francisco firm does offer a non-custodial wallet that provides users with private keys. The wallet is called Coinbase Wallet, a rebrand of the Toshi Wallet the company introduced back in April of 2017. On August 15, the Coinbase engineer Siddharth Coelho-Prabhu revealed the ETH and ERC-20 wallet known as Toshi was changing names but the Coinbase Wallet will have a slew of new features including the ability to hold bitcoin cash (BCH), bitcoin core (BTC) and litecoin (LTC).

“Toshi was developed by the Coinbase team a little over a year ago — When the product launched, it featured the world’s first mobile dapp browser — Later, we became the first wallet to launch crypto collectibles,” Coelho-Prabhu explains.

As part of our effort to be the most trusted brand in the space, we also set out to provide best-in-class secure storage. With Coinbase Wallet, your private keys are secured using your device’s Secure Enclave and biometric authentication technology.  

Testing the Non-Custodial Coinbase Wallet

The Coinbase wallet provides users with a platform that manages ETH, and ERC-20s but also allows crypto collectible storage, and the ability to garner air drops. Furthermore, the application allows users to access decentralized token exchanges and relayer platforms. News.Bitcoin.com gave the wallet a test-run on iOS this week and the Coinbase Wallet does, in fact, allow the owner to procure their own private keys with a recovery phrase. The user is asked right away to write down and store the phrase in a safe location, but they can also choose to ‘backup later’ as well. Followed by the backup step, the wallet then asks if the user wants to utilize biometry (fingerprint) or set up a less secure six-digit passphrase. After all the security steps are complete the Coinbase Wallet provides an ethereum address screen that can also show tokens and collectibles.

Testing the Newly Transformed Non-Custodial Coinbase Wallet News.Bitcoin.com testing out the new Coinbase Wallet on iOS. 

Then there’s a decentralized application browser inside the wallet, which features a wide variety of apps, gaming platforms, and marketplaces that can be used with ethereum, and other token assets. The wallet also has a messenger where you can chat with friends or chat and interact with group chats and wallet bots like the @Toshibot. Overall, the wallet is fairly intuitive like most light clients out there today, but people who are interested in the token economy will find it more useful. When BCH, BTC, and LTC are added, the wallet software will likely open up to a much larger audience.       

The Coinbase Wallet is available for Android systems and iOS and existing Toshi users just need to upgrade the client’s firmware to see the changes. The decentralized app browser works with any platforms that use web3.js, and the wallet also offers native support for ERC-721 tokens. For those who have absolutely no interest in the ethereum ecosystem, they may want to wait until Coinbase adds BCH, LTC, and BTC.

What do you think about the Toshi app changing into the Coinbase Wallet? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, the Coinbase Wallet, and Jamie Redman.


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She(256) Mentorship Program Aims to Help More Women Gain a Cryptocurrency Career

She(256) Mentorship Program Aims to Help More Women Gain a Cryptocurrency Career

News

She(256) is a clever name for a novel scheme. The female-focused mentorship program is designed to support women entering the cryptocurrency space. In doing so, the program will enable students to benefit from the guidance of a crypto OG – a seasoned professional whose business and technical experience should prove invaluable. The She(256) initiative has been broadly welcomed in most quarters of the cryptoconomy.

Also read: Bitcoin ETFs are a Terrible Idea: Andreas Antonopoulos

Mo’ Mentors, Mo’ Women

She(256) Mentorship Program Aims to Help More Women Gain a Cryptocurrency Career“Dear men of crypto, I would love to see many of you sign up to be She(256) mentors,” tweeted Jill Carlson. The cryptocurrency all-rounder is a recognisable and respected figure in an industry that is still overwhelmingly male-dominated. “Many of you have been the most important mentors and influences in my career,” she continued. “It matters more than you know when you support your female colleagues.”

The program she was referring to, She(256), is a University of California, Berkeley-led initiative that “presents the opportunity for a professional and young student or early-career young adult to learn from each other serving as guides and allies”. Few would argue with the basic rationale behind its ethos. Anyone who can recall their first foray into crypto, and the fledgling mistakes they made, personally and professionally, can surely appreciate the value in such an initiative.

Cryptocurrency, and the insular and often esoteric world it’s spawned, makes perfect sense once you’re battle-hardened and embroiled in it. For newcomers, however, the industry – which is notoriously unforgiving of incompetence and ‘newb mistakes’ – can seem daunting. This is true of all entrants to the world of cryptocurrency and blockchain technology, regardless of gender, skill set, or experience accrued in other sectors.

Breaking Barriers, Nurturing Talent

She(256) Mentorship Program Aims to Help More Women Gain a Cryptocurrency Career“In defining the blockchain paradigm..it is critical that those building up these far-reaching systems represent the diversity of our global population, explains She(256). “We wanted She(256) to be a movement that would have long-term impact on this burgeoning industry, by allowing more women to feel welcome in this space and by highlighting the work of women who are already making an impact in this field.”

There is nothing like this particular time, place, or industry that has ever existed in the past, which gives us the unique position to set a precedent. Blockchain is disruptive technology. So let’s disrupt the industry with more diversity.

How it Works

In practice, the (She)256 mentorship program will see mentors contacting their allotted student by phone or in person 1-3 times a month, augmented by emails and other communications. Participants are matched to their mentor or mentee for a period of one year initially, with the option to maintain contact thereafter. “For mentees, utilize your mentors and their industry expertise to ask questions, bounce off ideas, and seek direction. For mentors, provide guidance, learn from fresh perspectives, and serve as an anchor,” explains the website.

A number of well-known figures within the cryptocurrency space have thrown their weight behind (She)256, both in terms of promoting it and in volunteering to participate in it. There have been some dissenting voices, whose opposition seems to revolve around the belief that cryptocurrency doesn’t need diversity quotas; decentralized systems, by their nature, do not care for gender, identity, or any other characteristic that exerts sway in other spheres – they care only for the veracity delivered by cryptographic protocols, and the competency of the engineers who developed them.

Even without focusing on its appeal to “young female-identifying individuals” however, She(256)’s mentorship program is sure to help emerging talents find their feet and add value to the burgeoning cryptoconomy. And that can only be a good thing.

Do you think She(256) will help more women gain cryptocurrency careers? Let us know in the comments section below.


Images courtesy of Shutterstock, and Twitter.


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The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The Daily

Scammers are threatening to reveal cheating husbands to their wives and asking for bitcoin ransom – check the details in this edition of The Daily. A porn streaming website now rewards its users with tokens, and hair sprays are sold for BTC and BCH. Also, find out what Brits think about blockchain and learn about the latest incarnations of the technology.

Also read: Binance Launches in Liechtenstein, ZB.com Opens Office in Malta

Scammers Threaten Cheating Husbands, Ask for Bitcoin

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and ThatThe U.S. Federal Bureau of Investigation (FBI) has recently issued a warning about new scams involving cryptocurrency: fraudsters have been sending letters threatening to reveal cheating husbands to their wives and relatives unless they are paid thousands of dollars in bitcoin (BTC). The FBI’s Internet Crime Complaint Center (IC3) says there’s been a significant increase in the number of extortion attempts of this kind.

A variety of scenarios have been reported but the scammers usually accuse people of cheating and visiting porn sites, and claim to possess other compromising information as well. Threats like “I know about the secret you are keeping from your wife” and “I installed malware on the adult video site” are often part of the correspondence.

People’s personal data like names, usernames, or passwords is included to intimidate the targeted individuals. In most cases, the recipient is instructed to pay a ransom in bitcoin. The Bureau asks victims to reach out to the local FBI office and file a complaint with the IC3 at www.ic3.gov, providing any relevant information including the extortion email and the BTC address.

Porn Site Rewards Viewers with Tokens

Speaking about earthly temptations, a leading adult website now wants to reward its users with cryptocurrency. Tube8, a subsidiary of Pornhub, one of the largest platforms in the genre which boasts over 150 million page visits a month, is now moving onto the blockchain. The porn streaming service told Hard Fork it is tokenizing itself through a partnership with Vice Industry Token (VIT). According to the report, the deal will allow users to earn VIT tokens while enjoying the Tube8 videos.

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The transformation is scheduled to take place by the end of the year, promising to turn Tube8 into the very first major adult platform to pay its users for their activity in cryptos. By doing so, Pornhub, which is already accepting payments in verge, tron and zencash, is truly spearheading crypto adoption and blockchain implementation in the adult industry, taking advantage of the anonymity provided by cryptocurrencies, which is important for its customers.

Something for the Ladies: Buy Hairspray with Bitcoin

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and ThatThinking about finding new intersections between beauty and technology, beyond formula or packaging, R+Co, the beauty collective founded by stylists Howard McLaren, Thom Priano, and Garren, is now incorporating bitcoin core (BTC) and bitcoin cash (BCH) payments into its business, The Cut reports. The team thinks it’s a logical next step.

Once you decide to pay for your hairspray with any of these leading cryptocurrencies, “The Culture of Hairdressing” promises a simple online checkout experience. After providing billing and shipping information, ladies will be prompted to choose a payment method and they can opt to spend cryptocurrency instead of reaching for the credit card. Selecting the bitcoin option will transfer them to Bitpay where they need to complete the purchase within 15 minutes. Excited about the new service, R+Co’s president Dan Langer said:

Blockchain technology is going to be one of the future disruptors in the beauty industry. It will allow consumers the ability to leverage their data and purchase behavior in all kinds of new shopping ways… from reviews to rewards to product benefits. In order to stay at the forefront of this emerging thinking we wanted to integrate components of it while still in its early stages – like paying with Bitcoin – and learn with it as it evolves.

Blockchain This, Blockchain That

Bitcoin payments – that’s fine, but “blockchain” is not something everyone accepts without prejudice. Almost half of Brits, for example, wouldn’t trust an organization using it, new research from IP EXPO Europe has discovered. The authors have found that over a third of British people (35%) would not trust a company employing the technology to keep their information secure. The main reason for their mistrust is not knowing what blockchain really is.

Another 11% of the respondents in the poll conducted by One Pulse, who believe they know what blockchain is, would also not trust an organization that’s using it. Both figures represent almost half of UK citizens. Add to that the 28% who say they wouldn’t trust a firm using any technology they don’t understand and you’ll realize how important it is for businesses to ensure they don’t confuse their customers while trying to improve their technical capabilities or simply riding the wave of the crypto craze.

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

Nevertheless, the blockchain mania goes on and this week produced a number of examples. We learned that Italian insurance companies are testing a blockchain-based solution to resolve disputes involving car-liability claims, Wyoming farmers want to use the distributed ledger technology to track what their cattle eats and then brand their beef as superior, blockchain-proof probably, and the China Aerospace Science and Industry Corporation has developed a blockchain platform to improve electronic invoicing… What? Oh, and “China’s first blockchain social network is the brainchild of a 24-year-old female poker player,” mainstream media informed us.

Realizing the importance of blockchain education, Hong Kong authorities have granted $20 million USD to several local universities that are expected to use the funds to finance the research and development of blockchain-based payments systems. And in the Philippines, one of the oldest universities, Ateneo de Manila, is partnering with a healthcare service provider to set up a research laboratory powered by blockchain. All this is happening after Turkey’s Bahçeşehir University inaugurated the country’s first blockchain innovation center. Yes, a lot of education is needed when it comes to blockchain.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock.


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