200-Year-Old Austrian Company Launches Crypto Hardware Wallet

Samuel Haig

A 200-year-old company in Austria has launched a cryptocurrency hardware wallet targetting businesses.

The device, called Chainlock, was released by YOUNIQX Identity, a subsidiary of Austrian State Printing House (Oesterreichische Staatsdruckerei, also known as OeSD) - a printing company that has operated since 1804. Currently, the company prints Austrian passports and provides secure identity solutions.

Chainlock Applies for Patent for Key Generation System

Chainlock purports to offer enhanced security through generating keys using a procedure for which it has filed a patent application that prevents everyone other than the wallet’s owner from viewing the key, including  YOUNIQX staff. The device also claims to be both heat and water-resistant.

Despite OeSD advertising the product as being operated “100% offline,” the hardware wallet can be used via the Chainlock app. The device takes the physical form of a thin piece of plastic that resembles a credit card in both size and shape.

YOUNIQX has partnered with Singapore-based Tokenize Exchange and Austria-based Coinfinity to also offer the Chainlock hardware wallet to consumers.

The company also seeks to target the burgeoning security token offering market, with the Chainlock release stating that the wallet is “the perfect token container for STOs pursuing a retail strategy.”

Austrian Regulator Against ‘Bitcoin Trader’ Investment Scheme

Earlier this month, Austria's financial regulator, the Austrian Financial Market Authority (FMA), issued a warning against crypto investment website, Bitcoin Trader.

The website claims to offer investors a guaranteed return of approximately $1,460 through their proprietary automated trading platform, also claiming that investors have generated seven-figure returns in 61 days.

According to the FMA, Bitcoin Trader does not hold the licensing required to accept funds from other parties for the purpose of management. The regulator describes the website as being comparable to multi-level-marketing schemes.

Austria Post Launches Crypto Stamps

During June, Austria’s postal company, Österreichische Post, launched a line of collectible cryptographic stamps.

Dubbed ‘crypto stamps’, the collectibles claimed to comprise “the world’s first” stamps to be authenticated by distributed ledger technology. 150,000 crypto stamps were issued, with a recommended retail price of € 6.90 (approximately $7.68).

The collectibles comprised two parts, with half of the stamp comprising functional stamp that can be used to send mail, and the second hosting the information required to authenticate the crypto stamp via blockchain.

GateHub Data Breach Compromised Crypto Wallet Passwords for 1.4 Million Users

Michael LaVere
  • More than 1.4 million users were affected by the data breach of crypto wallet service GateHub.
  • User email addresses, passwords and two-factor authenticators were posted to the dark web. 

A massive data breach has led to more than 2.2 million users having their password data and personal information posted online, including information from the crypto wallet service GateHub. 

According to a report by Ars Technica published Nov. 19, security researcher Troy Hunt confirmed that more than 2.2 million users had their data posted online in a massive breach of privacy.

Hunt, who is the researcher behind the “Have I Been Pwned” breach notification service, says that 1.4 million accounts from GateHub’s cryptocurrency wallet service were impacted, in addition to 800,000 accounts on the RuneScape bot provider Epic Bot.

The stolen information includes user email addresses, passwords, and two-factor authentication. While the original poster of the 3.72GB GateHub database claimed it included wallet hashes, GateHub officials later disputed the point following an investigation. 

GateHub previously notified users of a hack occurring in July, which resulted in the theft of 23 million XRP. However, the company claimed the data compromise had been limited to around 18,000 user accounts, far from the 1.4 million that have recently been posted to the dark web. 

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