Bitcoin Price Prediction as BTC Touches $16,300 Support – Here Are Some Key Levels to Look Out For
As of December 20, the price of Bitcoin has remained fairly stable and is currently trading at around $16,800. In the past 24 hours, BTC has seen a slight increase of 0.21% and has fluctuated between a high of $16,858 and a low of $16,413. Over the past week, the value of BTC has decreased by about 2.5%.
Foundation Devices, a Bitcoin-focused company, announced on December 19 that it had completed a $7 million initial fundraising round in response to rising demand for self-custody solutions. The Boston-based company plans to use the funds to continue developing hardware and software wallets for cryptocurrencies under the "digital sovereignty" branding.
Greenfield Capital, Lightning Ventures, Unpopular Ventures, Warburg Serres, and Bolt were among the other investors in the round, which was led by blockchain investment firm Polychain Capital.
Foundation's primary product is Passport, a hardware wallet for Bitcoin that uses "air-gapped security", which means it does not allow for external USB or wireless communication. Passport has a built-in color display, a camera, and uses QR codes for interaction. The company also offers a mobile software wallet called Envoy. According to Foundation, it has sold thousands of Passport wallets in the past 18 months.
The funding comes as more companies work to improve the usability and appeal of hardware wallets. Users can use hardware wallets, a physical storage option for Bitcoin and other cryptocurrencies, to disconnect their private keys from the internet and store them offline.
Protecting freedom and privacy is more important than ever in light of global censorship, privacy violations, and irresponsible banking and monetary policies. As a result, advancements in hardware wallets are
Read more on cryptonews.com
