With giant and small-scale cyber assaults costing exchanges and people their hard-earned digital currencies, one firm is releasing a smartphone geared toward securing your investments from even probably the most expert would-be cryptocurrency thieves.

One Phone to Secure Them All
Sikur, a cybersecurity agency based mostly in Germany, has launched a smartphone designed to guard your cryptocurrency from even probably the most skillful hackers.
Unveiled at the moment on the Mobile World Congress in Barcelona, the SIKURPhone options — along with a 5.5-inch full-HD show and 13-megapixel rear digicam — a built-in cryptocurrency software program pockets.

According to CNBC, Sikur employed skilled hackers to assault the smartphone on all fronts. According to the corporate, not one of the cyber assaults had been profitable after “rigorous hacking exams for 2 months.”
Additionally, the corporate plans on releasing their safe cryptocurrency platform outdoors of the smartphone itself. Sikur’s CEO, Cristiano Lop, instructed CNBC:
At the top of second quarter of 2018 we’ll ship a crypto pockets inside our platform, increasing the pockets use past SIKURPhone, it signifies that our prospects ought to have the opportunity, via a bodily machine, to securely retailer their cryptocoins.
If you’re seeking to get your fingers on the crypto-keeping smartphone, it’ll run you $799. The pre-sale begins at the moment, with the primary models scheduled for supply in August 2018. According to the corporate, solely 20,000 models will likely be out there at this worth.
Growing Concerns over Crypto Security
Sikur’s cryptocurrency-focused cellphone comes following rising considerations over securing digital currencies, that are weak to hacks.

Most notably, the current hack of Coincheck despatched a shock wave via the crypto world — with roughly $530 million in funds stolen from the Japanese cryptocurrency change. DataTrek Research cofounder Nicholas Colas afterward claimed extra hacks are on the way in which, telling CNBC:
I believe [the attack] does spotlight the truth that the business nonetheless has an extended option to go when it comes to fundamental problems with safety. This is actually not the primary, nor will it’s the final, such hack assault on cryptocurrencies …
Colas was proper. Popular cryptocurrency change BitGrail just lately reported a lack of 17 million Nano — valued at over $170 million on the time of the hack.
Would you be enthusiastic about a safe smartphone to deal with your cryptocurrency holdings? Do you suppose $799 is a good worth? Let us know within the feedback beneath!

Images courtesy of The Japan Times, YouTube/@Sikur Official, and Pixabay.
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