In an era where digital wallets are increasingly vulnerable and prone to hacks, everyone wants to protect their cryptocurrency portfolios. The Dutchman Martijn Wismeijer is one of them, after deciding to implant subdermal Bitcoin wallets in his skin. In 2014, Wismeijer had two NFC (near field communication) chips surgically implanted into each hand – all in order to store his encrypted Bitcoin keys on them.
As Wismeijer says, there are many reasons why this is a smart move. However, he learned this hard, after losing the majority of his Bitcoin due to exchange failure, hacking, and theft. He believes that the microchip crypto wallets could prevent this from happening.
In his own words, Wismeijer claims:
“I can safely say most of the bitcoin, more than 80 percent, I have lost due to hacks, thefts, exchanges gone bad and other problems. If I would’ve had the chip in 2010, I’d probably be a rich man by now.”
The idea of storing a cryptocurrency in one’s skin was always interesting for Wismeijer. As he said in an interview with IBTimes, he did it because he wanted to experiment with strong Bitcoins using chips because he thought that this could be the Holy Grail of contactless payments.
— Martijn Wismeijer (@twiet) November 11, 2014
Wismeijer had the surgical procedure done at a body piercing studio. The chips that are under his skin are 2mmx12mm each which equals the size of a small grain of rice. In what he describes as a less painful process than a IV drip injection, Wismeijer also pointed that each of these chips has 888 bytes of data which is enough for 26 Bitcoin address keys.
The real question at this point is…
Does the future or cryptocurrency wallets look like this? Is Wismeijer one of the pioneers of a whole new type of technology – making our bodies connected on a whole new level?
After being featured in the news, Wismeijer also said that he knows “at least 50” individuals in Prague, the Czech Republic using subdermal Bitcoin wallets. This may be the answer we all need.
Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
“There is new technical work to make this possible, and that was done in conjunction with PayPal.”However, this Friday Osgood wrote that the partnership provides Coinbase customers an alternative to the traditional federal wire or automated clearing house (ACH) network that they were required to use. As he said:
“These traditional finance networks can add up to two business days to a withdrawal. We’re always looking for ways to not only meet the bar set by traditional finance, but raise it. That’s why we rebuilt our integration to ensure that the speed and reliability of PayPal withdrawals does just that.”The service is for now only available to customers in the United States, but could continue to be added to other nations across 2019, as Osgood wrote.
Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think $2,700 is an excellent place to buy if we should go there. ‘History doesn’t repeat itself but it often rhymes.’”Currently, there is a big risk in shorting and longing Bitcoin and other major cryptocurrencies in the market, which is why investors are observing the short-term trend of the crypto market by holding out on their trading activity.
Circle CEO: ‘’Bitcoin Will Be Worth A Great Deal More Than Today’’
“I don’t make significant price predictions. But it’s certainly going to be worth a great deal more than it’s worth today. I am long in the market.”Allaire says that the people who lost a ton of money in the bear market will only get back into the game because of the fundamentals of cryptocurrencies and that they won’t change despite the downturn in prices. He also believes that bitcoin plays a huge role as a non-sovereign store of value. Allaire continued to explain:
“The key thing with bitcoin is that it is unique in its security and its scale. As an idea that we need a scarce, non-sovereign store of value that individuals can hold in a protected fashion — that’s attractive all around the world.”However, he thinks that some of the digital currencies will eventually die off due to overcrowding of the market but this doesn’t mean that if one digital currency succeeds that the rest will cease to exist. When asked about the burning question of regulation, he says that the United States has one of the most transparent regulation since most of the digital currency and banking systems have already been regulated, many of which this year only. Circle is already regulated under the Bank Secrecy Act and money transmission laws and this is a very important element for all the customers and users.
Bitcoin Reaches A New Yearly Low At $3,200, Downward Trend Continues
“BTC lowest daily close year to date. Is there still a chance of recovery before more lows? Well, maybe. But I am not betting on it.”Another analyst named DonAlt echoed a similar sentiment and said that until the price of Bitcoin breaks out of the resistance levels at $3,600 and $3,800, drops like this will be expected. “Closed below the swing low – harsh rejection followed. There isn’t much support on the daily time frame still. So far prior support areas have flipped into resistance. Until that changes – stay away from longs,” he wrote. So far, Bitcoin has been able to maintain a range of $3,000 to $4,000 for over three weeks, from November 24th. Until the asset begins to demonstrate signs of a multi-month consolidation period and a high level of stability, any form of a gradual recovery is unlikely to happen. Bitcoin has recently consolidated from the yearly low of $3,200 and is now trading at $3,301.
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