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Bitkey
Bitkey is a digital wallet for bitcoin, available in the U.S. and 95 other countries. Launched in 2023 by Block, Inc., a company founded by Jack Dorsey, Bitkey began shipping in March 2024. It is a multisignature wallet, storing bitcoin independently of third-party cryptocurrency exchanges or custodial platforms. Bitkey includes a mobile app, a hardware device, and a set of recovery tools in case the customer loses the phone, their hardware or both. History Jack Dorsey announced in June 2021 that Block was in the process of creating a cryptocurrency wallet. By April 2022, the company had released images of the wallet's hardware component, referred to as "Rocky" by Dorsey. This component was described to include a fingerprint reader and a USB-C charging port. ''Business Today'' stated in July 2023 that Block was imparting Bitkey a "minimalistic" and "sleek" design with no screen interface on the hardware device itself. The only interactive element on the device would be a fin ...
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Fingerprint Reader
Fingerprint scanners are a type of biometric security device that identify an individual by identifying the structure of their fingerprints. They are used in police stations, security industries, smartphones, and other mobile devices. Fingerprints People have patterns of friction ridges on their fingers, these patterns are called the fingerprints. Fingerprints are uniquely detailed, durable over an individual's lifetime, and difficult to alter. Due to the unique combinations, fingerprints have become an ideal means of identification. Types of fingerprint scanners There are four types of fingerprint scanners: # Optical scanners take a visual image of the fingerprint using a digital camera. # Capacitive or CMOS scanners use capacitors and thus electric current to form an image of the fingerprint. This type of scanner tends to excel in terms of precision. # Ultrasonic fingerprint scanners use high frequency sound waves to penetrate the epidermal (outer) layer of the skin. # T ...
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Time (magazine)
''Time'' (stylized in all caps as ''TIME'') is an American news magazine based in New York City. It was published Weekly newspaper, weekly for nearly a century. Starting in March 2020, it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been owned by Salesforce founder Marc Benioff, who acquired it from Meredith Corporation. Benioff currently publishes the magazine through the company Time USA, LLC. History 20th century ''Time'' has been based in New York City since its first issue published on March 3, 1923 ...
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Coinbase
Coinbase Global, Inc. is an American cryptocurrency exchange. It was founded in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase has over 100 million users, and is the largest U.S. based cryptocurrency exchange as well as the world's biggest bitcoin custodian, as of 2024. The company operates in more than 100 countries and holds over $400 billion in assets, including nearly 12 percent of all bitcoin in existence and 11 percent of all staked Ether. Coinbase offers a range of cryptocurrency products and services tailored for retail investors, institutional clients, businesses, and software developers. It operates as a remote-first company with no physical headquarters. History 2012–2019: founding and early years Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer. Armstrong enrolled in the Y Combinator startup incubator program and received a US$150,000 cash infusion. Fred Ehrsam, a former Goldman Sachs trader, later joined as a co-fo ...
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Cash App
Cash App (formerly Square Cash) is a digital wallet for American consumers. Launched by Block, Inc. in 2013, it allows users to send, receive or save money, access a debit card, invest in stocks or bitcoin, apply for personal loans, and file taxes. As of 2024, Cash App reports 57 million users and $283 billion in annual inflows. Cash App was launched in 2013 as a person-to-person money transfer service and was called ''Square Cash''. In 2015, the service expanded to support transactions involving businesses. Over time, it introduced additional features, including debit cards, savings accounts, bitcoin and stock investing, tax filing and personal loans, and was rebranded as Cash App. As of 2024, the service operates as a mobile app-based digital wallet, and is the preferred payment app among lower-income adults in the U.S. History 2013–2015: Launch, early years Cash App was launched by Block, Inc. (then named Square, Inc.) on 13 October 2013. It was originally branded as ...
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Seed Phrase
A cryptocurrency wallet is a device, physical medium, program or an online service which stores the public and/or private keys for cryptocurrency transactions. In addition to this basic function of storing the keys, a cryptocurrency wallet more often offers the functionality of encrypting and/or signing information. Signing can for example result in executing a smart contract, a cryptocurrency transaction (see "bitcoin transaction" image), identification, or legally signing a 'document' (see "application form" image). History In 2008 bitcoin was introduced as the first cryptocurrency following the principle outlined by Satoshi Nakamoto in the paper “Bitcoin: A Peer-to-Peer Electronic Cash System.” The project was described as an electronic payment system using cryptographic proof instead of trust. It also mentioned using cryptographic proof to verify and record transactions on a blockchain. Software wallets The first wallet program, simply named ''Bitcoin'', and some ...
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