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NANO launches Jolt, a new hardware wallet in the crypto world

Simran Alphonso

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NANO launches Jolt, a new hardware wallet in the crypto world
Source: Wikimedia Commons

NANO, yesterday announced their customized wallet named ‘Jolt’. The team of Jolt also declared their official launch and were promoted by their very first endorser, NANO. Jolt is a brand new hardware wallet in the market that manages cryptocurrencies.

NANO, announced by tweeting:

“Introducing Jolt! The affordable, open-source, wireless hardware wallet purpose built for $Nano”

Not an OG, a Twitterati commented:

“What does this mean for @LedgerHQ ? Are they still gonna work for $Nano support, or is the nano team now in competition with [email protected]

To which LedgerHQ replied saying:

“We are still planning to support Nano. You can take a look at our roadmap:”

Jolt is an open source and has currently collaborated with Nano. They have recently begun organizing with other financial structures. Jolt’s device has USB, WiFi, and Bluetooth, empowering it to fill in as an autonomous contraption that is versatile. The device is a well-disposed supporter for PC and Cell phones.

A month ago, the wagering trade site called PVP.ME has declared their joint effort with NANO, at a low-dormancy installment stage. PVP.ME gives a platform to an individual to bid individually, where the chances are not chosen by the bookmaker but rather the clients itself. This joint effort enabled the clients to trade faster, with a decrease in charges.

In May, the official digital money wallet of NANO had been in beta testing. However, the group confronted some lawful issues with the Apple’s App Store. The NANO team said that there would be a deferral in the dispatch of the official use of NANO wallet.

There were many bugs and issues with the wallet which the exploration group was settling. The application must be as per the lawful benchmarks of Apple’s App Store. This was one of the obligations implied on NANO. They, then, had discharged a refresh for its hub programming which has a shutdown process and upgraded execution in the blockchain. 





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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Altcoins

Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump

Biraajmaan Tamuly

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Source: Pixabay

The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.

Source: CoinmarketCap

At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96  million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.

Source: Trading View

According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.

Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.

Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.

At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.





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