Printer Friendly

United States : Hilltop Cybersecurity announces launch of new wallet.

Hilltop Cybersecurity has launched a new wallet for cryptocurrency coins and private keys protected by user biometrics.

The firm unveiled a prototype device with patented biometric cryptocurrency technology that enables the biometric data of the users like thumbprint, to act as the private key in an asymmetrical key system for cold (offline) storage. The device is intended to guard against both theft and lost passwords, which it estimates have rendered 23 percent of all Bitcoins in circulation permanently lost.

As cryptocurrency continues to grow, so does the intensity of criminal activity, as the recent $534M hack of NEM (XEM) shows, says Hilltop CEO Corby Marshall. The industry has to embrace security if it is to thrive. Hilltops biometrically-secured wallet is the result of our pioneering research and development in cryptocurrency security and a commitment to giving our customers enterprise cyber-security as opposed to point solutions.

[c] 2018 Al Bawaba ( Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2018 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Mar 14, 2018
Previous Article:United Kingdom,United States : BIOMETRIC Signature ID brings in BioProof-IDE.
Next Article:Australia : Stage 2 of Mount Druitt Hospital complete.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters