Gem Says Military Hardware and Bitcoin Security Go Together Like Peanut Butter and Jelly
Gem has just announced that they’re deploying custom Hardware Security Modules (HSMs) from Thales e-Security as part of their wallet. The Venice-based bitcoin security platform harnessing lightweight code and multi-signature technology will utilize HSMs in a similar way as the military. The devices are used to protect military encryption keys along with mission secrets. If the military trusts the technology, it might just be good enough to store bitcoins. “Our engineers worked closely with the hardware team at Thales for months to develop a custom solution specifically for the Bitcoin....
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Gem partners with Thales e-Security. Bitcoin startup Gem, that provides a scalable API for bitcoin developers, has revealed to CCN a security enhancement that may be significant for the future of Bitcoin security. The company announced the inclusion of Custom Hardware Security Modules produced by Thales e-Security, as part of their standard multi-sig bitcoin wallet. Multi-sig wallets have become the standard for Bitcoin wallet security. A multi-sig wallet is associated with several private keys, making it more secure. Gem's inclusion of the Hardware Security Modules or HSMs, is bound to....
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At the present time, Russia and bitcoin seem to go together like peanut butter and cottage cheese. It's not exactly the most wholesome-sounding combination, and right away, our imaginations begin to run rampant. What exactly would such a concoction look like? Even worse, what would it taste like? It's no secret that Russia has not been friendly towards bitcoin in the past. News is flashing abound that the country is still aiming to ban bitcoin activities, and while censorship no longer threatens cryptocurrency-related websites on the same level it once did, the country's government has....