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Bitcoin’s Largest Wallet Blockchain Just Launched Its First Crypto Exchange

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By Leigh Cuen Bitcoin wallet and blockchain explorer provider  Blockchain just launched its first exchange platform. Blockchain’s head of retail products, TD Ameritrade alum Nicole Sherrod, told CoinDesk the custodial exchange, called The PIT , can connect to non-custodial Blockchain wallets for nearly instant transfers. Registration opens today, with the ability to trade up to 26 assets rolling out over the next two weeks. Sherrod said that with nearly 40 million wallets already created – and an exchange matching-engine set up in London’s Equinix LD4 data center – PIT could be posed to attract more liquidity than competitors. “That’s what market makers are looking for,” Sherrod said. “They want to co-locate [data center servers] with you, they want to directly connect to your matching engine. It’s the way it’s done on Wall Street.” Indeed, Tom Haller, previously the chief software architect for trading systems at the New York Stock Exchange, co...

Hot wallet vs cold wallet in cryptocurrency storage

Is it better for you to store your cryptocurrency tokens in a hot or cold wallet? What is the difference between the two? In this, we explore. Written by Becky Leighton Before we look at the different types of storage methods available for Bitcoin and other cryptocurrencies, we should define what a “cryptocurrency wallet” is exactly. What is a cryptocurrency wallet? A cryptocurrency wallet is a method of ‘storing’ cryptocurrency. Kind of. The term “wallet” might be a bit deceptive, as it doesn’t house cryptocurrency tokens in the same way that a normal wallet – or even regular bank account – does for your money. You can’t “get Bitcoin and put them in your wallet” but you can get Bitcoin and hold them securely using your wallet. Essentially, a wallet doesn’t keep your tokens safe, but it does look after  the key  you use to get your tokens. How does a cryptocurrency wallet work? A cryptocurrency wallet stores both the private and public keys of a c...