CoinStats Launches World’s First Fully Guaranteed, Mobile, Hardware-rooted Crypto Wallet to 500,000 Active Users

(San Francisco – February 11, 2019) CoinStats, the cryptocurrency research and portfolio tracker with over $5 billion in crypto portfolio and 500,000 monthly active users, will launch the world’s first guaranteed, secure, hardware-rooted digital wallet on March 1.

This groundbreaking platform, developed with and powered by SignKeys, will be launched as CoinStats Secure Wallet for iOS and Android and complement the incredibly popular CoinStats app. This will give CoinStats users the ability to track and make transactions directly in the app, rather than having to rely on an outside wallet or exchange.  

Based on military-grade security (FIPS 140-2), the wallet uses an ultra secure, specially licensed and hardware-based  environment, already available on 1.6 billion existing smartphones. This level of security allows SignKeys and CoinStats to provide a guarantee that no other wallet does.

SignKeys provides a unique guarantee on the full value of crypto assets in a user’s wallet, up to 10 times the value of KEYS tokens that user holds. The minimum balance of $10 worth of KEYS tokens will protect $100 in other crypto assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) as well as more than 220 other altcoins, simultaneously. This in itself is an achievement, as most hardware wallets can only hold a handful of different types of tokens at the same time and require a dongle.

The wallet includes numerous innovations beyond just security. For example, users will be able to privately and securely send crypto assets through existing messengers like WhatsApp. Atomic swaps – currently available between KEYS and BTC – will allow immediate peer-to-peer exchange.

“With so much news of hacks on exchanges, and wallets so complex to use they’d drive Satoshi mad, it’s no wonder blockchain is so intimidating to the masses,” said Joseph Toh Founder at SignKeys. “Launching the world’s first guaranteed cryptocurrency wallet together with CoinStats, one of the largest crypto portfolio providers, is a true opportunity to restore confidence in the market.”

Narek Gevorgyan, Founder at CoinStats, said, “Keeping your cryptocurrencies secure and easily accessible is still pretty complex, which slows down the crypto adoption. The wallet solution we’re going to release with SignKeys is a first step into solving that problem together.”

CoinStats advisor Mark Mueller-Eberstein helped to facilitate this collaboration with SignKeys.  CoinStats and SignKeys will extend their B2B capabilities beyond the wallet with offerings that easily integrate to  financial products and systems, replacing the need for costly custody solutions.

The CoinStats app is free to download from the Apple AppStore or Google Play. The updated version will be available on March 1.

About CoinStats

Coin Stats is one of the biggest  cryptocurrency price and portfolio trackers on a market offering automatic portfolio tracking by connecting your wallets and exchange account. Currently Coin Stats supports over 4000 coins and 200 exchanges, providing detailed analytical access to your cryptocurrency portfolio.

About SignKeys

SignKeys is the first guaranteed, secure, hardware-rooted digital wallet that lives on your mobile phone. The SignKeys wallet supports more than 220 tokens, and guarantees crypto assets stored within at a 10:1 ratio based on the value of KEYS tokens owners hold. SignKeys mission is mass adoption, so companies can OEM/White Label SignKeys solutions rather than waste two years and take risks to build a proprietary solution. As of end January, 2019, the company has distributed more than $2 million worth of KEYS tokens in private placement. Founded in 2017 by Joseph Toh, from a long career helping traditional institutions adopt new technologies with executive roles at Credit Suisse and Accenture. The team has grown to 34 people spread across Asia, Europe and the United States. To learn more about SignKeys visit signkeys.com. The SignKeys Secure Wallet is currently available for download for iOS and Android..

Top Crypto Trends for 2019

Cryptocurrencies are a new form of asset that are designed to work as a medium of exchange like any other currency. Bitcoin, the flagship cryptocurrency, paved the way in 2009, and now there are more than 2,000 cryptocurrencies available according to CryptoCompare. Although it’s been a decade since Bitcoin’s launch, cryptocurrency has yet to achieve mass adoption as it faces many challenges from within and without. Still, many financial analysts are confident that prices will soar as institutional investment flows in 2019 and beyond.

Cryptoassets hit an incredible peak in December 2017 when the Bitcoin price reached $20,000. 2018 however, saw prices collapse across the board as the enthusiasm of 2017 waned with failed ICOs and inactive projects.

One possible factor that contributed to the slump is that US regulators are yet to approve an ETF (Exchange Traded Fund) application. Another project that is highly anticipated to move markets is the new Bakkt Exchange, from NYSE parent company ICE (Intercontinental Exchange) which will likely herald a new era of institutional investment.

There is however a lot of positive development within the cryptoverse itself. In 2019, some new trends are emerging which observers should monitor closely, as they have the potential to foster enormous growth. Let’s take a look at some of these new positive trends.

Leaner Companies

We have seen many failed cryptocurrency projects in the last 2 years, and one reason for their failure was lack of funding. Crypto giants like Bitmain Technologies, ShapeShift, and many blockchain-based social media platforms like Steemitwere forced to reduce their staff because of the lack of investment in this sector.

These companies are the victims of the prolonged bear market, and they were forced to shelve their expansion plans because of poor financial planning and many other mismanagement issues. The new trend therefore, is for crypto startups is to cut their operational costs to survive in the crypto ecosystem. These new, leaner companies may indicate a more resilient industry in the long-term.

Scalability

Another primary issue is scalability, and it seems to still be a problem in 2019. Ethereum for example, had to postpone its Constantinople upgrade due to a serious, smart contract vulnerability threat. The update was scheduled to launch at the start of this year but was delayed  after an independent research firm detected the flaw.

There are many new projects surfacing that claim to work on improved algorithms or protocols. These algorithms and protocols are not fully developed, but promise a hybrid of proof of stake and work. Developers on projects around the world are working hard on the problems of scalability, and if progress is made, 2019 may set the stage for broader crypto adoption.

More User-Friendly Apps

The Lightning Network is seeing a great deal of activity in 2019 in its role as a second layer payment feature. Still, developers are trying to further improve the LN protocol to make it more secure, faster and cheaper to conduct crypto transactions. As work continues, the Lightning Network is turning Bitcoin into a faster and cost-effective medium of exchange. You can expect more development in LN protocol in 2019 as developers are creating more apps that are both intuitive and user-friendly. You can find the best trading software reviews here to learn more about these apps.

Security Tokens Vs ICOs

After regulatory authorities began targeting Initial Coin Offerings (ICO), Security Tokens - which explicitly acknowledge their regulatory obligations - are being launched throughout the globe.

The new name also seeks to avoid much of the negative stigma of the ICO, which has become associated with failed projects and even outright scams. Jurisdictions such as Malta, Switzerland and Singapore are more accommodating towards Security Token sales, adding to investor confidence in this newer token model.

Education

Another obstacle for the crypto ecosystem is lack of educational resources. More efforts have been made recently to make crypto education more accessible. New York University for example has taken the initiative by introducing a graduate level certification in digital currencies. Now that prestigious institutions such as NYU and the London School of Economics begin to spread the word about cryptoassets, the industry is further cementing itself in the public consciousness.

The Availability of Bitcoin ATMs

2019 may see the introduction of Bitcoin ATMs in several major cities in the United States.

With 30 new machines installed in Chicago, and over 100 in Philadelphia, prospects are looking good. These new ATMs are solely for Bitcoin transactions, but some regular ATMs in New York are now also offering crypto services. These new services require an account with  Bitcoin payment provider LibertyX, and users can purchase up to $3,000 worth of Bitcoin daily using a debit card.

Conclusion

Cryptocurrency looks set once again in 2019 to gain traction. While the industry is young, and in many ways still recovering from the spectacular boom and bust of 2017 and 2018, it still inspires a great deal of enthusiasm and interest globally. These trends in 2019 will be closely watched.