Last week, I implemented BIP-39 proposal in Clojure. It consists first, of generating a seed phrase (12-24 words) from (128-256 bits) of entropy.
The second part consists to generate a binary seed that will be used to derive a private key from a mnemonic phrase.
It's almost finished. I need to refactor the code and use some Clojure library instead of cryptographic function provided by JDK (if possible).
After that, I will implement a cryptographic random number generator for the entropy generation. Maybe to implement it in the front-end as well if it has not been done yet.
For this week, I plan to start implementing BIP-32 that consist of deriving hardened (or not)/private/public child key from parent private key using an elliptic curve cryptography library and hashing function.

-Marius

Yesterday I finished the UI kit for the Business Wallet main pages. Today I plan to start creating UI mockups for the scenario:

First registration, the user goes through the onboarding screens.
The user creates the first company, and invites a team members
I plan to prepare illustrations for onboarding.

-Ihor

Are you ready for Monero Kon 2022?

Pro tip: Use 2-factor authentication (2FA)

Even if a hacker knows your password, 2FA creates adds extra security. We strongly recommend using the Google Authenticator app or even a hardware security key such as a YubiKey.

More tips to protect your crypto here👇 http://bit.ly/2ZbRzEU

Good morning!

Hi everyone.

Choose wisely.

Fact of the day 🔥Did you know that revenue in the cryptocurrency market is projected to reach USD 51.53 billion in 2024? 💰 How will this impact the future of finance?

🧐"Is it Legal to Use Crypto as a Business in Norway? How do Businesses Adopting Cryptocurrency Comply with Tax Regulations in Norway? https://cicadawallet.io/blog/how-to-use-crypto-as-a-company-in-norway/

In Austria, using cryptocurrencies for business purposes is legal. The country has embraced blockchain technology and digital assets, providing a legal framework to support their use. According to the Austrian Ministry of Finance (BMF), cryptocurrencies are not considered legal tender or financial instruments but are classified as other commodities. This means they are treated as business assets for income tax purposes. Activities like mining, operating online trading platforms, and running cryptocurrency ATMs are considered commercial activities and are taxed accordingly.https://cicadawallet.io/blog/how-to-use-crypto-as-a-company-in-austria/

Weekly update about Bitcoin and Monero 🔥

Bitcoin 🔥


🔸 Despite ongoing regulatory concerns and market volatility, Bitcoin's resilience as the leading cryptocurrency remains evident, with continued adoption by institutional investors and corporations.

🔸 Recent news includes major financial institutions announcing plans to offer Bitcoin-related services to their clients, further legitimizing its status as a store of value and investment asset.

🔸 The Lightning Network, a layer-2 scaling solution for Bitcoin, continues to grow, with increasing adoption and usage, improving the network's scalability and transaction throughput.

🔸 Market sentiment remains cautiously optimistic, with many investors closely monitoring macroeconomic factors and regulatory developments that could impact Bitcoin's price and adoption in the coming weeks.

Monero 🔥



🔸 This privacy-centric cryptocurrency continues to draw attention from investors and developers because of its robust privacy features, which safeguard transactions.

🔸 Recent progress includes ongoing refinement of Monero's privacy protocols and improvements to its scalability and operational efficiency.

🔸 Community involvement remains robust, with lively discussions on various social media platforms and forums regarding Monero's long-term prospects and its significance within the cryptocurrency ecosystem.

How to use Crypto as a company in Japan ? 🇯🇵In Japan, the legal landscape for businesses using cryptocurrencies is progressive and growth-friendly. Bitcoin gained recognition as a legal payment method in April 2017, establishing Japan as a crypto leader with a clear regulatory framework. Aimed at protecting consumers and fostering innovation, this move provides a welcoming environment for businesses incorporating cryptocurrencies.
https://cicadawallet.io/blog/how-to-use-crypto-as-a-company-in-japan/

In South Korea, the use of cryptocurrencies by businesses is legal, but it comes with strict regulations aimed at ensuring consumer protection and preventing illegal activities. South Korean authorities have been proactive in establishing a legal framework that governs the trading and use of cryptocurrencies. 🇰🇷 https://cicadawallet.io/blog/how-to-use-crypto-as-a-company-in-korea/

For strong control, improved safety, and easy user handling, Cicada Wallet introduces the Super Admin (Owner) role. The owner has access to all sections and can do everything. 🔥A super admin can set limits to tailor transactions, mitigate potential financial risks, and ensure that transactions stay within predefined safe boundaries. Also, the owner can invite team members and assign roles and permissions for a seamlessly collaborative environment.

Admins oversee and manage only assigned companies, ensuring a targeted and efficient handling of transactions for these entities.

With administration capabilities, the best cryptocurrency wallet for business payment admins can navigate and control various aspects for comprehensive oversight, including monitoring transactions, setting security parameters, and maintaining overall integrity for businesses in the wallet.

Accountants focus on specific companies assigned by the super admin in the Cicada Business Cryptocurrency Wallet, managing their accounts for efficient and transparent business operations.As one of the Cicada Wallet business advantages, the role includes using the wallet's integration feature to easily connect with different platforms for accounting. Streamline accounting processes by integrating with platforms to calculate capital gains tax and access accounting-friendly exports for well-informed decision-making. 🔥