Bitcoin Banknotes to be Available in Singapore

Tangem released hardware cold wallets with integrated chip S3D350A from Samsung, which they call "uncopiable cold wallet"
04 May 2018   1697

The Singapore company Tangem released bitcoin-bills, which the developers themselves call "smart banknotes." However, they are not made of paper - in fact it is hardware cold wallets with integrated chip S3D350A from Samsung, reports Finance Magnates.

At the same time, the novelty has common features with traditional banknotes. So, each bitcoin-bill represents a certain fixed denomination in BTC and can be transferred physically for payment. Tangem called them "uncopiable cold wallet".

Tangem Bitcoin Banknotes
Tangem Bitcoin Banknotes

According to the company's representatives, the technology used in banknotes is completely protected from external interference and takes into account "all known attack vectors on hardware and software levels." In addition, it is noted that the years of development of chips for credit and SIM-cards, as well as identity cards led to the creation of a sufficiently safe product, so that the cost of hacking one note was economically unprofitable.

Another advantage of banknotes before online transactions is the developers call the instant payment and the absence of commissions. However, they also adopted all the shortcomings of other physical media, including the potential risk of theft and limited transmission range.

As stated in the press release of Tangem, currently available for purchase are banknotes with a face value of 0.01 and 0.05 BTC - about $ 96 and $ 480 at the time of publication.

Bitwise to Withdraw Bitcoin ETF Application

The application was filled a year ago, company met with regulator 8 times and prepared more than 500 pages of documents
15 January 2020   126

Bitwise Asset Management, a digital asset management company, has withdrawn an application to launch a Bitcoin-linked exchange-traded fund (ETF).

On Tuesday, Bitwise sent a notice to the US Securities and Exchange Commission (SEC), where it announced that it had made such a decision "in the public interest and investor protection."

We did indeed withdraw the application. This is a procedural step, and we intend to refile our application at an appropriate time.

 

Matt Hougan

Global head of research at Bitwise

He also noted that his firm is currently “working hard” to answer the SEC questions in the 112-page commentary on the initial application.

We remain fully committed to the development of a bitcoin ETF.

 

Matt Hougan

Global head of research at Bitwise

Bitwise has applied for the launch of the Bitcoin ETF in January 2019. Since then, the company met with the regulator eight times and prepared 500 pages of documentation with arguments in favor of approving its proposal.