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BlackRock has set up a working group to investigate ways the world’s largest asset manager can take advantage of the fast-growing cryptocurrency market despite its chief executive lambasting the bitcoin sector.

The $6.3tn investment powerhouse has created a team from different parts of the business to investigate cryptocurrencies and their underlying infrastructure, blockchain, according to two people familiar with the matter.

The working group, which includes New York multi-asset investment strategist Terry Simpson, will examine whether BlackRock should invest in bitcoin futures, one of the people said.

Sources said the team of experts is also looking at what BlackRock’s competitors are doing with cryptocurrencies and how that could impact its business. The working group will present its findings to senior management.

A BlackRock spokeswoman said the company had been “looking at blockchain technology for several years” but declined to comment on cryptocurrencies specifically.

The creation of the working group marks a turnaround for the company after Larry Fink, the chief executive, said late last year that bitcoin was merely “speculative” and that the only reason it thrived was due to its anonymity. “It is an instrument people use for money laundering,” Fink said.

At the time, the CEO said bitcoin and other cryptocurrencies were “far from” being an opportunity for institutional investors, adding that none of BlackRock’s clients wanted to invest in it.

READ Stiglitz, Roubini and Rogoff lead joint attack on bitcoin

BlackRock is not the first to change tack. Last year, JPMorgan’s CEO Jamie Dimon called cryptocurrencies a “fraud” and said he would sack any banker he caught trading them. The bank, however, later moved its head of fintech into a new role to explore the use of digital currencies.

Digital currencies continue to polarise the City with some of the largest names in finance including Mark Mobius and Davide Serra and economists Joseph Stiglitz and Nouriel Roubini openly speaking out against them.

However, firms in the City are increasingly interested in getting into the asset class. Fidelity Investments, which manages $2.4tn in assets, has begun a hiring spree, while Goldman Sachs said in May that it is setting up a crypto trading desk.

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thank you!

/u/xbach could you elaborate what kind of security fixes were implemented? Serious ones?

Original Poster1 point · 20 days ago

Yeah we will elaborate soon. Nothing serious though, as it was already non-exploitable due to changes in the previous (1.6.1) update.

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Yeah we will elaborate soon.

Any updates?

So when is soon? :)

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Can someone tell me what are the advantages of it including libsecp256k1 and the revealer plugin?

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  • Added Revealer plugin. ( ) Revealer is a seed phrase back-up solution. It allows you to create a cold, analog, multi-factor backup of your wallet seeds, or of any arbitrary secret. The Revealer utilizes a transparent plastic visual one time pad.

1 point · 19 days ago · edited 19 days ago

Not really. You can enter the seed on a computer or you can use the advanced recovery/verify which does not leak the seed.

It uses a system similar to the one used to input the PIN. That process takes much longer than just typing it, but it should actually be forced as default since entering the seed directly might have it caught by keylogger malware and kinda ruins the point of having a hard wallet anyway - and many users don't even know they have that possibility.

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The problem is that the advanced recovery doesn't have a dry run version like the standard recovery - which means you can't use it for the current situation? Please correct me if I'm wrong.

Yes you can. You can simulate entering the seed or actually entering the seed, both using the method where the computer gets no info (like the PIN input). Maybe it wasn't there in earlier versions.

Next great improvement would be having such a method to input the passphrase on the Trezor One, but I've seen zero interest from the company towards that (it would mean there's no way to keylog the passphrase, which is currently Trezor's One main weakness).

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Sorry, I'm talking about the trezor one since it's the topic of this thread - so it means that you cannot verify your seed on the trezor one without reducing your security?

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Blablabla same bullshit since 2009 :) Sorry.

It's not a consensus currency. Bitcoin works even when 99% of the miners and 100% of other nodes send invalid blocks / data. You don't need external consensus with others, since the consensus is implemented in your own sourcecode.

Altcoin shilling is thank god not allowed here. Too many scammers just try to create fake drama to pump their shitty coins. It's also funny that OP has zero posts in crypto related subs on reddit and now complains about this... *fakeeeeee or paid account yay*

Do many people use Bitcoin as a last resort for currency?

3 points · 1 month ago

Last week the lady that cleans my friends apartment told us her son didn't want to connect his crypto machine because he hadn't declared it to the authorities. It seems there is a "superintendency of crypto currencies" where you go and tell the government you have a machine and declare its taxes an whatnot. He didn't declare it because there were "rumors" that the military/government workers have been just confiscating the machines for some time now.

So it seems crypto appeals the high mid low class and even the government.

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Thanks for the anwer!

This version is cutted and there is a long version available.. But I can't find it anymore.. Someone has a link for it??


Bill Gates: I would short bitcoin if I could

“Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” -- Bill Gates, 2014

85 points · 2 months ago

"checking my coinbase"

Diplo get a wallet

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Don't be rude! Maybe he is a miner and just checking his coinbase transactions?


Impossible to login in Firefox - Sorry, you broke Reddit

Since launch of the new design, I can't login anymore with latest Firefox on OSX Sierra. I always get the message "Sorry, you broke reddit" after I submitted the login credentials.


I get following Javascript error btw when I go back and look into the console:

TypeError: e is null[Weitere Informationen]
Error during reddit-init.js init TypeError: e is null
TypeError: e is null[Weitere Informationen]

This is a great idea, I was already looking for something. Unfortunately I don't do python, but I will try to help with js/css/html if I have time and find some point to contribute!

I think it's nonsense. Better spend your time by improving alternative energy sources.

Depends on where you live. In Germany f.e. you dont have to pay taxes if you keep them longer than 1 year.

Easy: On Bitstamp, the exact bottom will be on 3/22/2018, price $6,998.73. There will be a buy wall for up to 348.46 BTC at that price, but will never get demolished.

After that, people will realise the price simply cannot go any lower and will hence start piling in like crazy, bringing the price to ATH in less than a month. Then it will hover around the new ATH for some time.

Stay tuned for further info.

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Now please tell me the top too, so I can sell at the right moment!

Original Poster0 points · 4 months ago

The app is not that advanced, no need to worry. See the top answer. PM me if you want to test it. My goal is to remove the addresses that belong to people, and only to search for bitcoins that are lost. In time I should be able to completely filter the addresses.

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You cannot tell if bitcoins are lost. Cold storage wallets are not used for years.


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July 2, 2013
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