We are excited to begin carrying the KeepKey line and should have our first batch of inventory stocked in the near future.
- Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Dash, and more coming soon (erc-20 has been announced)
- Exchange between assets directly on device using ShapeShift
- Supported by clients including Electrum, MultiBit, and Mycelium
- Virus and malware-proof
- Works on PC, Mac, Linux, and Android
Many Cryptocurrency Markets, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple and others have dropped 15% or more in the past 24 hours. Some seeing a dip of more than 20% today. While this level of volatility may be extreme it is important to remember these markets are very new and have grown at a tremendous rate. The Cryptocurrency market cap one year ago was approximately 16 Billion. Today, after the dip, it sit over 500 Billion. This dip was spurred by mounting years that the South Korean government may issue bans or tighten regulation on Cryptocurrencies. This reaction is very similar to when China stopped Initial Coin Offerings and limited Exchanges in September 2017. The cost per 1 Bitcoin, on September 1, 2017 was $4,700 and dropped by 25% after the actions from China. Within 3 months from this event, Bitcoin reached a new high that exceeded $19,000 per Bitcoin. This represents a growth of more than 500%, post China ICO ban / Exchange regulation.
Do you view the dip as something to fear or a buying opportunity?
*Note – We are not financial advisors and do not provide financial consultation. Please seek out professional financial advisors and complete your own research when making investment decisions.
Yes, we do still have a limited inventory of Ledger Nano S still in stock. When we move to taking backorders we will update this post and the listing in our store will say “Now Accepting Backorders”.
UPDATE: The Kraken Exchange is back online and reports the new trading engine is live.
Kraken Returns with Free Trading
The Kraken Exchange went offline for a scheduled 2 hour maintenance/upgrade but the downtime has now extended to approx 48 hours. No official word from Kraken on the exact details of why the maintenance has extended except that engineers are working around the clock.
While we sympathize with the pain and stress the Kraken Team is experiencing to get the site back online; it does highlight the potential problems of keeping funds,long term, on an exchange.
Exchanges are an excellent resource for exchanging currency but they are not the right choice for storing cryptocurrency. Exchanges are prone to growth related issues, cyber attacks, network outages and corruption. As the saying goes, “Not your keys, Not your Bitcoin”. What this means, is that if you don’t own your private keys to access your wallet, you don’t have full control over your wallet and the Cryptocurrency that is in your wallet. You are trusting the Exchange to properly secure your coins, keep services online when needed and you are trusting the people that run the Exchange to not be corrupted.
How to gain control of your currency, your security and your coins; use a hardware wallet. When you use a hardware wallet you own the private keys, you improve security and you gain full control of your cryptocurrency.
We are rooting for the Kraken Engineering team as our ProtectingCoin team has been on that side of the line before where 24, 48 or more hours is what it takes to restore a service. Trust me when I say no one wants the services restored more than the engineering team that has been working around the clock.
We are excited to announce the latest product from ProtectingCoin. These are Desk Mounts for the Ledger Nano S. This is a good way to do a hidden mount under or behind a desk, table, bookcase or anywhere else you want to mount a Ledger Hardware Wallet. These will be listed in our store shortly and come in White, Black and Orange. The mounts are embossed or engraved with HODL, the Bitcoin logo or blank.
Mounts with 4 screws, included.
Make sure you get your tickets for The Atlanta Blockchain 2018 Conference. This is a full day event with workshops, vendors, free swag, giveaways, cryptocurrency education and meeting people in the industry.
ProtectingCoin is an event sponsor and we will have a booth and some giveaways throughout the day. Tickets are only $10, so get them now!
Date and Time
Sat, January 27, 2018
8:00 AM – 4:30 PM EST
General Assembly at Ponce City Market
675 Ponce De Leon Avenue Northeast
Atlanta, GA 30308