Abra is to support ethereum and strengthen protection

Representatives of the company unveiled their plans at the blockchain technology summit
29 November 2017   897

Abra declared that their bitcoin wallet app would support ethereum. The news was announced during the annual Consensus: Invest in New York on November 28. From that moment Abra app works with ethereum, bitcoin and some other digital currencies. What is more, users can keep different types of cryptocurrency (e.g. dollars, ethereum and bitcoin) in one application thanks to the update.

Developers of the app are planning to implement multi-signature transactions instead of single-signature system using now. It means that the operation can be completed only if both a client and the app are ready to sing a transaction.

Abra also projects to bring “two of three” signature system using a third-party service. After this update a Contract Oracle acquires a right to sign the transaction for one of the parties. Bill Barhydt, the founder of Abra, noted that developments will help to tighten security and make exchange operations more handy.

Prime Trust to Launch Custody Service for Crypto

CEO claimed his company will be the first to offer custody for any ERC-20 tokens
15 August 2018   163

Prime Trust announced the launch of the cryptocurrency custody service. This is reported by the Coindesk.

It became known that as early as the middle of July, the bitcoin storage service became available to customers, and next week support for Ethereum and ERC-20 tokens will be added.

In cryptographic storages, the access key to the wallet is stored either on a secure device not connected to the network or on paper in a safe.

Recently, information has appeared that several financial market mastodons, including Goldman Sachs, Northern Trust and Intercontinental Exchange, plan to provide custodian services for cryptocurrencies. However, according to Prime Trust head Scott Purcell, they were able to get ahead of the above-mentioned organizations.

They are trillion-dollar Fortune 100 entities, and they are just not going to move that fast. "We had had an engineering breakthrough which now enables us to easily cold-storage any ERC-20 token (along with BTC and ETH, of course).

Scott Purcell

CEO, Price Trust

Also, Scott notes that Prime Trust will be the first company to offer any ERC-20 tokens storage services.