Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative introduces specialized equipment designed to improve mining system efficiencies and reliability. Foundry’s New Suite Aims to Optimize Institutional Cryptocurrency Mining Foundry Hardware‘s offerings include power supply units, immersion optimization kits, and control boards […]
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Telegram’s Founder Advocates for Crypto-Inspired Hardware to Boost Secure Communications
Pavel Durov, the founder of Telegram, has proposed creating crypto-inspired hardware to enhance secure communication and protect privacy, a vision spurred by his unsettling experiences with governments, including attempts by the FBI to interrogate him and coerce a Telegram engineer into embedding backdoors in the app. These experiences have led Durov to explore technological solutions […]
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Severe Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving
Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above 9 per petahash per second to marginally over 6 per PH/s on a daily basis. Should the prices remain low leading up to the forthcoming halving event scheduled for next week, certain mining devices may only be viable […]
Bitcoin News
Northern Data Secures $600 Million Loan From Tether Amidst AI Hardware Investment Spree
Northern Data Group has confirmed a €575 million (0M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm detailed that the funding is poised to advance Northern Data’s cloud services and hardware capabilities, focusing on generative AI technologies.
Northern Data Group Nets €575M From Tether to Supercharge AI and HPC Expansion
The Frankfurt-based Northern Data Group, a bitcoin (BTC) mining company expanding into specialized high-performance computing (HPC) infrastructure, has secured a financing deal with Tether Group. The €575 million in funds are intended to boost Northern Data’s investment in cutting-edge hardware, which is vital for advancing the next generation of generative AI.
The firm noted that the investment by Tether, the largest stablecoin issuer in the crypto space, reinforces Northern Data’s position in the expanding HPC landscape. It will enable Northern Data to scale its generative AI cloud service provider offerings. The surging interest in generative AI has exerted pressure on data centers, precipitating a scarcity of space and driving up infrastructure expenses.
Northern Data believes this is a critical move as demand for computational power continues to climb. Tether’s foray into the HPC arena through this financing aligns with a broader strategy of supporting infrastructure critical to AI and blockchain technologies. Echoing the sentiment of strategic expansion, Tether’s CEO Paolo Ardoino stated:
Tether Group is proud to support Northern Data Group in its ability to provide customers access to flexible, energy-efficient high-performance computing infrastructure.
Through its subsidiary, Taiga Cloud, a generative AI cloud service provider, Northern Data Group supplies energy-efficient computing power to businesses and research institutions, powered by the latest NVIDIA technology. The news comes after Tether’s significant investment of 0 million in Nvidia’s H100 GPUs, signaling a major move into the AI hardware market.
This development is in line with Tether’s recent acquisition of a 20 percent stake in Northern Data, an investment that followed its venture into bitcoin mining and adding BTC to the company’s balance sheet, among others. The company released its assurance opinion report, examined by BDO, earlier this week.
What do you think about Northern Data securing a loan from Tether to expand HPC services? Share your thoughts and opinions about this subject in the comments section below.
Hardware Wallet Firm Trezor Rolls Out New Safe 3 Model, Metal Seed Backup
Trezor, a leading hardware wallet manufacturing company, unveiled three new products on Thursday aimed at both novice and experienced cryptocurrency users who want to securely self-custody their digital assets. The Prague-based firm launched the Trezor Safe 3, the firm’s latest generation hardware wallet available in four colors; the Trezor Keep Metal, a backup device for cryptographic seed phrases; and a limited-edition BTC-only version of the Trezor Safe 3.
Trezor Drops New Devices for Self-Custody Proponents
The Trezor Safe 3 includes new security features like a tamper-resistant secure element chip while still adhering to Trezor’s commitment to open-source development, according to the company. The latest generation Trezor hardware wallet supports bitcoin, ethereum and more than 7,000 other cryptocurrencies. It integrates with the Trezor Suite desktop application for crypto management and currently retails for per unit.
“As we approach the next wave of Bitcoin adoption, we’ve introduced some compelling new devices that enable crypto novices and newcomers to enjoy the security and peace of mind that comes with owning and safeguarding their own crypto,” said Trezor CEO Matěj Žák.
For securely backing up the all-important recovery seed phrases needed to restore crypto wallets, Trezor also released the Trezor Keep Metal. Made from corrosion-resistant stainless steel, the device protects recovery seeds from fire, water, and other damages. It comes in versions for both 12-word and 24-word seeds, priced at per unit, as well as a Shamir backup model for 9 per unit.
In honor of the 10-year anniversary of Trezor’s first hardware wallet, the company is also selling 2,013 limited-edition Bitcoin-only Trezor Safe 3 models in a nod to the firm’s founding year. The Bitcoin-orange devices will retail for , with from each sale going to Trezor’s Bitcoin education initiative.
Žák said the new product lineup aims to make self-custody more accessible for crypto beginners. The redesigned desktop and mobile apps further simplify managing digital assets with Trezor’s hardware wallets and backup tools, he added.
What do you think about Trezor’s new lineup of products? Share your thoughts and opinions about this subject in the comments section below.
Binance CEO Urges Hardware 2FA Use for All Crypto Platforms After Vitalik Buterin’s X Account Hack
Binance CEO Changpeng Zhao (CZ) has urged everyone to use hardware 2FA for all crypto platforms after a social media account belonging to Ethereum co-founder Vitalik Buterin was hacked and used to post a crypto scam link. “In the past, I have had my Twitter account locked a few times due to hackers trying to brute-force it (trying different passwords repeatedly),” CZ shared.
Binance’s CEO on Vitalik Buterin’s X Account Hack, Crypto Community Reacts
Binance CEO Changpeng Zhao (CZ) has reminded everyone to use hardware 2FA on all crypto platforms after a social media account belonging to Ethereum co-founder Vitalik Buterin was hacked and used to post a scam crypto link that stole funds from people clicking on it.
“Reminder to use hardware 2FA (Yubikey) for all crypto platforms,” the Binance executive wrote on social media platform X on Sunday.
Reminder to use hardware 2FA (Yubikey) for all crypto platforms. https://t.co/bwzlQeGraL
— CZ
Binance (@cz_binance) September 10, 2023
CZ detailed in another X post: “Vitalik’s Twitter account got hacked. Use common sense when reading content on social media, even from large KOLs. Twitter’s account security is not designed as financial platforms. It needs quite a bit more features: 2FA, login ID should be different from handle or email, etc.” The Binance boss further shared:
In the past, I have had my Twitter account locked a few times due to hackers trying to brute-force it (trying different passwords repeatedly). This was before the ‘Elon era.’
“Yubikey is an additional security feature that users can enable to protect their accounts. It is primarily in the form of a USB, that generates a one-time password (OTP) for secure account access and transaction approvals, it can significantly reduce the risk of account being hacked or compromised,” the X account for Binance Support explained.
Responding to inquiries on X regarding the adequacy of relying on Google Authenticator, Binance clarified: “It’s advisable to use multiple layers of security if possible. So yes, a combo of Authenticator and Yubikey would be great!”
Many people on X suspected that Buterin was a victim of a SIM swap hack. Zengo Wallet CEO Ouriel Ohayon wrote: “Vitalik was likely SIM swapped vs using SMS 2FA on Twitter (would be terribly surprised if not). Meaning other accounts of his were compromised too (possibly his Coinbase).” On-chain analyst Yazan cautioned: “No one is immune to SIM swap hacks. Not even Vitalik Buterin. Stop using SMS Verification and start using a 2FA app instead. You’ll be doing your audience a favor.”
Some people found it difficult to believe that the Ethereum co-founder was using SMS 2FA. Adam Cochran posted: “Should grill Twitter on this cause no way Vitalik is using SMS 2FA and getting sim swapped.” X user Crypto King opined: “How did Vitalik not have 2FA + 100 other security measures in place!? How are people with 0,000 assets on their main device still clicking links?! You have millionaires and billionaires that are borderline handicapped in this space!!”
What are your thoughts on the breach of Vitalik Buterin’s X account, and do you share the same viewpoint as Binance CEO CZ? Let us know in the comments section below.
B2BinPay Now Offers Branded Hardware Wallets Through Collaboration With Ledger
B2BinPay, a leading crypto-processing platform, has revealed a new partnership with Ledger, the global platform for digital assets.
As a result of this collaboration, clients of B2BinPay will have the chance to acquire a limited-edition Ledger Nano X, which will be branded with the B2BinPay logo.
B2BinPay will provide unique Ledgers to its new merchants and enterprise clients, as well as its loyal clients, in recognition of their ongoing support for the company.
To receive their hardware wallets, eligible clients can utilize the special promotional codes offered by B2BinPay. Customers simply need to enter the code on the collaboration page on Ledger’s website to get their gadgets.
One thousand wallet units are available in total as part of the special offer, making these branded devices highly sought-after and emphasizing their exceptional value.
Why Ledger?
The hardware wallet devices produced by Ledger offer a secure method for storing the private keys of different cryptocurrencies offline. They provide reliable protection against hacking attempts, simplify the process of managing digital assets, and ensure the transparency of transactions.
B2BinPay clients will be able to access high-quality cryptocurrency storage solutions through the new partnership. This will allow them to securely manage their assets, diversify their portfolios, and improve their efficiency.
About B2BinPay
B2BinPay is a platform that facilitates secure and cost-effective transactions of cryptocurrencies for businesses. It supports all main digital asset options and offers the convenience of automatically converting crypto payments into fiat and depositing them into the bank account of the business.
B2BinPay is dedicated to offering its clients the most reliable and cutting-edge services on the market. By joining forces with Ledger, B2BinPay can guarantee that its clients have access to secure, dependable, and trustworthy hardware solutions which will enable them to manage their crypto funds efficiently.
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How to Recover a Lost PIN Number for a Trezor Hardware Wallet – KeychainX Expert Explains
Storing your digital assets on a cryptocurrency hardware wallet such as Trezor is considered to be one of the safest ways to secure your funds. If you have lost your PIN number to access it however, you might be afraid your money is completely gone as there is no-one else that can remember it for you. This is not too rare, as the wallet recovery experts from KeychainX estimate there are several thousands Trezor wallets with a lost PIN. The company itself is currently recovering over M locked in Trezor wallets. The experts also explain how you can recover your lost PIN.
How to Hack a Trezor Hardware Wallet
The first step to recover your lost Trezor PIN is to understand all the risks involved, as it requires using side channel attacks, and messing with the physical hardware. The process can result in destroying the wallet or losing access to the assets forever so don’t do anything until you are sure you know what you are doing. You can only try 16 times to enter a PIN to a Trezor and get it wrong before it deletes the stored keys. And you can consider yourself lucky because Ledger only gives you 3 attempts, so that’s even riskier, and the process for hacking a Ledger is so costly doing it for wallets with under million is not even worth it.
If you still want to try to hack your Trezor yourself, the best place to start is reading this article from KeychainX on the matter. It showcases the whole process, including images of opening up the device and connecting it to the hardware needed to crack the PIN. You will also learn that much of the tricks out there for doing this were only true for older Trezor bootloaders (1.7 or below firmware) but even with newer Trezor bootloaders (+1.8.1 firmware) it is still possible to crack the seed and PIN but much harder.
So what are the actual steps to hack the hardware wallet? First you need to break the case of the Trezor and remove a few capacitors to increase the strength of the signal. Then, attach a few wires to your Trezor and run a side channel attack by glitching your Trezor using overvolting. Once the Trezor is glitched, connect it to an FPGA board and initiate an upgrade process on your bootloader. While doing this, Trezor will backup your seed info to memory. Then, dump the memory to a file and decrypt the file to read out your pin and/or seed. Also keep in mind the process can take you anywhere from an hour to a year. All this should make it clear why it is better to let the experts handle it if you want to minimize the risk to your assets.
KeychainX – A Name You Can Trust
Finding anyone you can trust to handle your crypto wallet and potentially gain access to all the assets stored in it is a very daunting task. If you also need to trust them to know how to crack the delicate hardware in a process that is very risky and can destroy the unit forever such as here, this becomes almost impossible.
Luckily, KeychainX has operating since 2017 and it has an almost perfect 4.9 ‘Excellent’ score on Trustpilot. Over the years team has been successful recovering funds from bitcoin wallets, Metamask, Blockchain, hardware wallets, Dogecoin, Ethereum presale wallets, Multibit and more.
As one of the leading experts in the field of crypto wallet recovery, KeychainX CEO Robert Rhodin, often appears publicly at industry events, where you can see him in person. The company also has patents registered in reputable jurisdictions such as New Zealand, Australia, U.S., EU, Brazil, Japan and Russia, with 15 more territories pending. These patents for a keyless crypto wallet using biometrics and geometrics as well as a decentralized social recovery method (see video below for details).
To learn more about the company visit KeychainX.io or just send an email to KeychainX@protonmail.com directly to talk about crypto wallet recovery.
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Game Boy Owners Can Soon Convert Iconic Devices Into Secure Hardware Wallets
In the near future, Game Boy owners will have the opportunity to convert their devices into a hardware wallet for cryptocurrencies. The project, known as the Game Wallet, was unveiled by Joseph Schiarizzi, a developer hailing from Keyp, a Web3 startup. By employing a physical cartridge, this innovation enables users to harness the power of their Nintendo Game Boy device as a secure cold storage wallet for crypto assets.
Keyp’s Game Wallet: Turning Game Boy Into a Secure Hardware Wallet for Cryptocurrencies
On May 19, Joseph Schiarizzi, a developer from the cryptocurrency company Keyp, unveiled a project he has crafted since the beginning of the year. Schiarizzi introduced a concept that utilizes a physical Game Boy cartridge, resulting in the creation of a “truly offline hardware wallet” that operates independently without the need for firmware updates. To support his innovation, Schiarizzi shared a tweet he published in January, showcasing a Game Boy game where the character can generate a seed, illustrating the potential of the endeavor.
“So we’re producing a real physical cartridge that lets you use your Game Boy as a cold storage wallet, generate mnemonic phrases and save them securely offline,” Schiarizzi tweeted. “No firmware updates ever. Randomness for generating the keys is introduced by the player as they walk around the world and complete fun quests, RPG style.”
Back in April 1989, Nintendo unleashed the 8-bit handheld gaming device known as the Game Boy in Japan. Fast forward to March 2021, and a Youtuber decided to push the boundaries of the Game Boy’s capabilities and released a video showcasing an audacious feat: mining bitcoin (BTC) using the iconic device. However, it quickly became apparent that the Game Boy’s humble processing power paled in comparison to today’s cutting-edge mining rigs. Another individual embarked on a similar venture in 2013, developing a Nintendo Entertainment System (NES) miner.
Although both mining experiments with the Game Boy and NES were intriguing and fun, their practical value (which was impractical in terms of mining) paled in comparison to something with actual utility. The Game Wallet project has even established a dedicated website, inviting visitors to sign up and stay informed about the availability of the initial batch of cartridges. The website further emphasizes the importance of offline functionality in safeguarding digital assets. The Game Wallet website states:
Devices that physically cannot connect to the internet are more secure by nature. A device that was created before cryptocurrency existed, that can never be attacked through digital phishing, and has been sitting on your shelf for 20 years is even better.
The Game Wallet news comes on the heels of recent criticism directed at Ledger’s new Ledger Recovery service. It also follows 1inch Network’s announcement of a new hardware wallet in January and Coinkite’s introduction of a “higher-end” Coldcard bitcoin wallet in February. According to the Game Wallet website, Schiarizzi’s project utilized the Assembly programming language used for Nintendo consoles and games.
“We converted an open source assembly implementation of the sha256 hashing algorithm used to generate cryptographic seed phrases based on BIP-39 into GBAssembly, the language all Game Boy games are programmed in,” the website details.
What do you think about the Game Wallet idea? Share your thoughts and join the discussion in the comments section below.
Snoop Dogg Sports Blinged-Out Crypto Hardware Wallet at Wrestlemania 39
Four days ago, the American rapper, entrepreneur, and owner of Death Row Records, Snoop Dogg, hosted WWE’s annual event, Wrestlemania 39, in Hollywood. The rap star was spotted wearing a gold and black diamond Ledger Nano X around his neck on a gold chain. Over the last year, Snoop has been one of several hip-hop artists showing off their custom-made and blinged-out cryptocurrency hardware devices.
Snoop Joins Several Rappers Sporting Custom Crypto Hardware Wallets
Over the weekend of April 1-2, 2023, Snoop Dogg hosted WWE’s 39th Wrestlemania event, featuring Cody Rhodes, Rey Mysterio, Dominik Mysterio, Rhea Ripley, Charlotte Flair, Logan Paul, and Kevin Owens. While hosting the event, Snoop appeared wearing a custom-made gold and black diamond Ledger Nano X cryptocurrency hardware wallet.
Snoop is a well-known cryptocurrency supporter and non-fungible token (NFT) connoisseur. Additionally, Snoop is not the only hip-hop artist sporting blinged-out hardware wallets, as Gunna and Drake have also shown off their custom Ledger devices.
The rapper and singer Drake shared an image of his diamond-encrusted Ledger Nano on Instagram, writing “Waiting on you, Bitcoin.” The Canadian rap star recently lost 0,000 in bitcoin after betting that Jake Paul would beat Tommy Fury by knockout at an event in Saudi Arabia.
Sergio Kitchens, professionally known in the rap industry as Gunna, also wore a custom Ledger hardware wallet device at the Met Gala event in 2021. Snoop’s custom Ledger device features the Death Row Records brand and was styled by Talia Coles and designed by the renowned jeweler Eliantte.
After acquiring Death Row Records, Snoop explained that the label would be a digital platform with blockchain ambitions. “While I was hosting this year’s Wrestlemania, it was crucial for me to make sure my digital assets were protected, no matter what I was doing or where I was at,” Snoop said in a press statement sent to Bitcoin.com News.
“It’s important for me to take strong measures to safeguard my digital assets. And this custom Ledger Nano, let me tell you, it’s not only necessary but also a flex accessory that reflects my personal style. And you know what’s the safest place for it to sit? Around my neck, baby,” the musician added.
Snoop sporting the custom gold Ledger comes at a time when hardware wallet manufacturers like Ledger and Trezor have reported significant demand following the aftermath of the FTX collapse. Ledger recently launched a new crypto hardware wallet model called the Ledger Stax, which was designed by iPod creator Tony Fadell. Last week, the Paris-based company revealed that it raised €100 million (9 million) from investors.
What do you think about Snoop Dogg’s custom-made Ledger Nano X and the trend of hip-hop artists sporting blinged-out hardware wallets? Do you think this will encourage more people to adopt cryptocurrency and digital assets? Share your thoughts in the comments section below.