Twitter CEO Jack Dorsey’s Square Plans to Make Hardware Wallet for Bitcoin
Bitcoin wallets can be stored offline or online at cryptocurrency exchanges, venues. By Reuters | Updated: 9 July 2021 09:53 IST
Cryptocurrencies reached a record capitalisation of $2 trillion (roughly Rs. 1,49,41,000 crores) in April
Highlights
With a custodial wallet, another party controls your private keys
Most custodial wallets are Web-based exchange wallets
Square will make a hardware wallet for bitcoin, the payments company confirmed in a tweet on Thursday shortly before US Senator Elizabeth Warren flagged growing risks posed to consumers and financial markets by the cryptocurrency market.
Bitcoin wallets can be stored offline or online at cryptocurrency exchanges, venues where Bitcoin can be bought and sold for traditional currencies or other virtual coins. Bitcoin price in India stood at Rs. 24.5 lakhs as of 10am on July 9.
Square plans to design hardware wallet for bitcoin
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