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Trezor



Announcement


TREZOR LAUNCHES EDUCATION INITIATIVE, TREZOR ACADEMY IN AFRICA

December 4, 2023



2 min read

INITIATIVE BRINGS TOGETHER COMPANY’S EDUCATION PROGRAMME, THE LAUNCH OF
BITCOINETA AND SPONSORSHIP AFRICA BITCOIN CONFERENCE 

‍

Trezor, the original bitcoin hardware wallet company, today announces the launch
of its education programme, Trezor Academy, that will be rolled out in Africa.
As part of the initiative Trezor is also funding Bitcoineta, a branded Land
Rover that in conjunction with Bitcoin Cowries, will tour the Economic Community
of West African States (ECOWAS) taking the Bitcoin message to rural communities
and schools acrosst the region.

‍

The Bitcoineta vehicle is the fifth of its kind with other educational
road-trips currently active in Central America, South America, Europe and South
Africa. South America and Europe.    

‍



‍

The launch of Trezor Academy follows a successful pilot programme that took
place throughout 2023 and saw the company and local influencers host events in
Ghana, Nigeria, Cameroon, Uganda, Kenya and Burundi, helping to introduce
attendees to the benefits of Bitcoin and the importance of self-custody via a
series of meetups, presentations and Q&A sessions.

‍

Trezor Academy has been made possible by the support of the bitcoin community. 
21 Euro from each sale of Trezor’s limited edition, bitcoin-only version of its
recently launched Trezor Safe 3 hardware wallet (which sold out in one day) has
been pledged to fund this ongoing education work. Throughout 2024 the company
plans to set up academies in more than 10 new African countries to engage with
and educate hundreds more local educators, spreading the bitcoin message far and
wide. 

‍

The Bitcoineta road trip started on 1st December at Africa Bitcoin Conference,
the largest Bitcoin conference held to date on the African continent, and for
which Trezor is also a sponsor. Attendees at the conference were able to get
information on the project’s future activities.  The vehicle's progress will be
shared via the official Bitcoineta X account as well as documented through video
blogs and traditional media.  

‍

> Matěj Žák, CEO of Trezor commented: “Bitcoin adoption is perhaps more relevant
> in Africa than on any other continent. Its properties provide a host of
> benefits that can work in concert with other local initiatives like payment
> schemes, microfinancing and savings.  As a company we are committed to helping
> spread this message via sponsoring events like Africa Bitcoin Conference, the
> Trezor Academy and awesome tie-ups like Bitcoineta. Going forward we believe
> that Bitcoin will have a significant economic and social impact on the African
> continent.”

‍



‍

‍

-

You can find more information about Trezor Academy on this link.

‍

About Trezor

Trezor is the independent Czech company behind the world's first Bitcoin
hardware wallet, the Trezor One launched in 2014. Its flagship product, the
Trezor Model T comes with a full-color touchscreen and many advanced features.
It’s new and highly-acclaimed Safe 3 product range was launched in October 2023,
offering crypto novices an affordable, secure and easy way to store crypto. All
Trezor wallets are open-source and enhanced by the free Trezor Suite app which
increases privacy and makes crypto more intuitive.

Trezor launches new hardware wallets and its own metal recovery seed backup

Trezor



3 min read

NEW TREZOR PRODUCTS ARRIVE TO GUIDE CRYPTO NEWCOMERS AND NOVICES ON THEIR
JOURNEY TO SELF-CUSTODY 

‍

Trezor, the original hardware wallet company, today launches three stylish,
intuitive and affordable tools aimed at helping crypto newcomers and novices on
their journey to self-custody. The line-up of products consists of the Trezor
Safe 3, an easy-to-use, secure hardware wallet available in four striking
colours; the Trezor Keep Metal, the mistake-proof, convenient backup solution
for your recovery seed, available in three variants; and, in celebration of
Trezor’s 10-year anniversary, the limited edition Trezor Safe 3 Bitcoin only,
which as the name suggests keeps custody solely of the original cryptocurrency. 

‍

> “Bitcoin, and the wider cryptocurrency sector, has been with us now for 14
> years. It is no longer a niche interest. There are 420 million crypto owners
> worldwide and, according to predictions, this number will more than double by
> 2027 to almost a billion — one in eight of the global population. Events over
> the last year or so have demonstrated the risks people are taking when they
> entrust the custody of their cryptocurrencies to centralised exchanges. Time
> and again, we’ve seen the reality of ‘not your keys, not your coins’ play out.
> As we approach the next wave of Bitcoin adoption, we’ve introduced some
> compelling new devices that enable crypto novices and newcomers to enjoy the
> security and peace of mind that comes with owning and safeguarding their own
> crypto,” Matěj Žák, CEO of Trezor, commented.

‍

‍

TREZOR SAFE 3 HARDWARE WALLET 

Designed to meet the needs of the diverse crowds entering the crypto space, The
Trezor Safe 3 hardware wallet is fantastic looking, easy to use and affordable.
The device adds another layer of security with the introduction of a secure
element, a tamper-resistant hardware component providing extra protection
against physical attacks if users lose their device. Combined with a strong
passphrase, which is never stored in the device, it delivers ultimate security
for users’ crypto.

‍

The Trezor Safe 3 embodies the company's commitment to open source development
and the belief that the strongest, most robust security stems from full
transparency about code, technology and components. Trezor has chosen a
third-party secure element vendor* that allows it to publish any potential
vulnerabilities it discovers and the Trezor Safe 3 still applies open source
principles in using the security component. 

‍

The device integrates with the Trezor Suite desktop application which has
everything crypto novices need for managing their digital assets — whether
buying, selling, exchanging, or saving crypto through dollar cost averaging —
all in a single safe environment. Trezor Safe 3 supports bitcoin, ethereum and
over 7,000 other coins. The Trezor Safe 3 retails for €79 / $79 and is available
in four premium colours — Solar Gold, Stellar Silver, Galactic Rose and Cosmic
black.

‍



‍

TREZOR KEEP METAL 

Trezor Keep Metal safeguards one of the most precious items in a crypto
inventory: the recovery seed. If a Trezor hardware wallet is ever lost, damaged
or stolen, users can use the recovery seed —  a unique string of words generated
when first registering a Trezor device — to restore access to their entire
wallet. 

‍

Trezor Keep Metal ensures the safety of the recovery seed under any conditions,
and eliminates mistakes when recording the words. Made from aerospace-grade
stainless steel, resistant to corrosion, and with a watertight seal, Trezor Keep
Metal protects the recovery seed backup against fire, water, acids and impacts.

‍

Trezor Keep Metal can be used for both 12-word and 24-word standard backups —
options which are available for €99 / $99. It is also suitable for Shamir
backup, making it an ideal security solution for the Shamir-compatible Trezor
Safe 3. The Trezor Keep Metal catering for 3 x 20-word Shamir backup sells for
€249 / $249.

‍



‍

TREZOR SAFE 3 BITCOIN ONLY 

To celebrate the 10-year anniversary since Trezor introduced the world’s first
bitcoin hardware wallet, Trezor is also releasing a limited-edition run of a
Bitcoin-only Trezor Safe 3 as part of the range. It solely runs Bitcoin-only
firmware  and is available in the only fitting colour: bitcoin orange. In a nod
to Trezor’s breakthrough year, only 2,013 of the devices will be available at a
retail price of €79 /  $79. And in recognition of Bitcoin’s ability to empower
individuals in under-privileged and marginalised communities, Trezor will donate
€21 from each sale to support the Trezor Academy, a Bitcoin education
initiative.

‍



‍

‍

> “We understand that self-custody can be intimidating, especially for
> newcomers. That’s why we have designed the new wallets and the backup solution
> with beginners in mind. They’re packed with security features to keep digital
> assets safe. Managing your crypto is now easier than ever with a Trezor Safe
> hardware wallet and the new Trezor Suite desktop and mobile apps,” Matěj Žák
> continued.

‍

‍

Pre-order the products

The Trezor Safe 3, the Trezor Keep Metal and the Trezor Safe 3 Bitcoin-only are
available for pre-order now on trezor.io and will be shipped in mid-November.

‍

* = In the interests of transparency, we would like to clarify that the vendor
is not Tropic Square.

‍

Invity Launches Mobile App

Invity



1 min read

A SMOOTH ENTRY INTO THE WORLD OF CRYPTOCURRENCIES FOR EVERYONE!

‍

Invity, a self-funded startup founded in 2019 under the SatoshiLabs Group, is
launching a new app for its users. Having already facilitated over $100 million
in cryptocurrency transactions during 2021, with expectations to surpass $1
billion this August, the company reaches yet another milestone.

‍

Known as a cryptocurrency exchange aggregator, Invity offers a complete
ecosystem for buying, selling, exchanging, and spending cryptocurrencies,
including dollar-ost averaging (DCA).Their latest addition is a mobile app that
simplifies Bitcoin purchases. Additionally, the app provides access to a planned
educational academy.

‍

> "The mobile app will enable us to introduce Invity to a broader audience of
> newcomers. To maximize our reach, we are focusing on creating a user-friendly
> experience and providing educational resources within the app. Security is
> also a top priority. Our efforts are directed at ensuring users can securely
> store their cryptocurrencies in their own wallets, eliminating the need to
> depend on us or any other third party."
> comments Stepan Uherik, CEO of Invity and CFO of SatoshiLabs.

‍

ACADEMY AS A GATEWAY TO HARDWARE WALLETS

‍

As part of the app, Invity intends to offer users an educational academy. The
aim is to effectively assist newcomers in navigating the field, gradually
guiding them toward more advanced features and enabling them to manage
cryptocurrencies knowledgeably and independently. Additionally, the importance
of storing cryptocurrencies in a personal crypto hardware wallet is highlighted.

‍

In fact, Invity's services are directly integrated into the desktop and browser
app of the Trezor hardware wallet within the Trezor Suite. This offers Trezor
users a seamless, secure, and comfortable experience when trading and managing
their cryptocurrencies. The emphasis on security is further reinforced by the
inclusion of only non-custodial exchanges. This ensures that any purchases made
do not remain on the exchange but must be immediately transferred to a user’s
Trezor. 

‍

> "As a result, users maintain complete control over the cryptocurrencies they
> possess. Given the frequent occurrence of exchange crashes and an
> unpredictable regulatory environment, it is crucial to advise new crypto
> investors against entrusting their digital assets to third parties for
> extended periods, let alone when dealing with substantial amounts,”
> Uherik adds.

‍

Vexl Foundation Launched by SatoshiLabs

SatoshiLabs



1 min read

SatoshiLabs, the pioneering innovator behind the world’s first hardware wallet,
Trezor, today introduced the Vexl Foundation at the BTC Prague conference.
Backed by SatoshiLabs’ co-founders, Marek Palatinus and Pavol Rusnák, and with
Lea Petrášová, CEO of Vexl.it, appointed as president. The foundation champions
personal and financial freedoms, asserting that without the freedom to transact,
all other rights lose their meaning, reflecting bitcoin’s original purpose as a
decentralized peer-to-peer currency.

‍

The Vexl Foundation is committed to restoring financial power to the people,
breaking free from institutional constraints and excessive regulations. It
firmly believes that technology should serve as a tool for empowerment, not
control, with everyone having the right to free choice, self-determination, and
privacy. This stance is a critical response to KYC (Know Your Customer)
practices that have introduced unwanted complexity and risk for users,
occasionally leading to security breaches and unwanted exposure of precious
private data.

‍

Alongside its launch, the Vexl Foundation has released the Financial Tyranny
Index (FTI). The FTI is a comprehensive tool that measures the extent of statist
interventions in the financial space. These include parameters such as the
growth of the money supply, the imposition of cash limits, the advent of Central
Bank Digital Currencies (CBDCs), and the overall tax burden. Interestingly, the
initial findings of the FTI reveal that many of the world’s Western democracies,
including France, Belgium, Canada, and the Netherlands, are among the top 20
countries with the highest levels of financial state control. This innovative
index is designed to challenge and highlight these escalating impositions on our
financial freedom.

‍

At the core of the Vexl Foundation’s mission is Vexl, their mobile app. Vexl
provides a simple, private, and secure platform for peer-to-peer Bitcoin
transactions, operating without KYC or institutional interference.

‍

> “Vexl isn’t just an application, it’s the embodiment of our vision for
> financial autonomy. We’re dedicated to a future where technology empowers, and
> financial freedom equates to choice, privacy, and control,”

states Lea Petrášová.

‍

The board of the Vexl Foundation includes Lea Petrášová, Marek Palatinus, Pavol
Rusnák, Josef Tětek, and Grafton Clark. This team brings together a diverse
range of experiences and perspectives, underpinning the foundation’s mission and
vision.

‍

> “As we journey further through the digital age, we’re witnessing a concerning
> centralization of control,”

Marek Slush Palatinus acknowledges.

> “We need to revisit the principles bitcoin was founded upon to direct power
> back to individuals. The Vexl Foundation is our step towards that change.”

‍

Open to collaboration with other organizations and individuals who share the
vision of a free and open financial world, the Vexl Foundation launches today.
Backed by donations and guided by the strategic wisdom of the SatoshiLabs team,
the foundation is poised to inspire a significant shift in our perception and
interaction with digital finance, inviting everyone to step into the realm of
financial autonomy.

‍

> “Join us on this journey towards a more open financial world,”

Rusnák invites.

‍

For more details on this groundbreaking initiative, visit the Vexl Foundation’s
website: https://www.vexl.foundation/

‍

Trezor rolls out coinjoin feature for its devices

Trezor



3 min read

USERS CAN NOW SAFELY AND INTUITIVELY STRENGTHEN THEIR BITCOIN PRIVACY WITHIN THE
TREZOR ENVIRONMENT

‍

Trezor, the original bitcoin hardware wallet company, today rolled out the
coinjoin feature for its devices allowing users to more easily enhance privacy
and security on bitcoin transactions. Coinjoin is a process where users send
their bitcoin as part of a large collaborative transaction and receive the same
amount back, but with the transaction history obscured. Users’ balances and
transaction history are then hard to track on the otherwise fully-transparent
bitcoin blockchain. The feature is possible thanks to Trezor’s collaboration
with Wasabi Wallet, the privacy-focused bitcoin wallet that specializes in
coinjoin. 

‍

Trezor is the first and only hardware wallet to enable coinjoin transactions
within a hardware wallet environment. The function is now live on Trezor Model T
and Trezor plans to enable coinjoin for Model One in the near future. Coinjoin
is the latest addition to a host of features found on Trezor devices for
enhancing security and privacy, such as Tor, coin control, and Shamir backup.

‍

Matěj Žák, CEO of Trezor, explained:

> “Trezor values privacy as an individual’s most important asset. Consequently,
> we’re delighted that we’ve found a way for our community to keep their bitcoin
> history private. Our coinjoin solution in Trezor Suite is intuitive and safe,
> making bitcoin privacy more accessible to the general public.”

‍

REAL USE-CASES

The coinjoin approach tackles a number of glaring privacy issues resulting from
the inherent transparency of the bitcoin blockchain. For example, when people
use exchanges, it’s easy to draw a link between their real-world identity and
their bitcoin addresses. Exchanges can track user transactions even after they
withdraw, and can share this data with third parties. Through obscuring
transaction histories, coinjoin prevents such surveillance. 

‍

Secondly, coinjoin offers welcome additional protection when using bitcoin for
purchases. Ordinarily, merchants receiving bitcoin payments can see the total
balance of an address from which the payment was sent, which some people
consider an unacceptable breach of privacy. With coinjoin, users can safely
break up their bitcoin balance into small amounts with no transaction history so
as to obscure their total balance, like swapping a large dollar note for smaller
denominations. 

‍

A third coinjoin benefit is in safeguarding privacy for donations made using
bitcoin. By default, all bitcoin transactions can be analyzed and in some cases,
real-world identities can be linked. This can put non-governmental organizations
and their donors in great danger, especially under authoritarian regimes.
Coinjoin protects the transactions of donors and recipients, and therefore,
improves the safety of organizations and their supporters. 

‍

Matěj Žák further elaborated:

> “People who want to make private transactions can use cash without leaving any
> digital footprint, and without the need for the counterparty to store our
> identity. No one gets to see how much money they have left in their wallet or
> bank accounts. Trezor with coinjoin brings a similar level of privacy to
> bitcoin, with one click. The security of the process and ease of use help
> deliver privacy to a wider audience, which is one of the core values of the
> bitcoin community.”

‍

> “Making bitcoin privacy tools easy to use and secure is essential, as this is
> what drives people to use products, which increases the privacy for everyone.
> That’s why we see Trezor’s integration of coinjoin as such a major milestone.
> A coinjoin is inherently non-custodial, and now for the first time coinjoin
> transactions can be signed with the keys on a hardware wallet. This is a major
> security improvement,”

says Max Hillebrand, contributor to Wasabi Wallet and CEO of zkSNACKs. (zkSNACKs
is the company sponsoring the development of Wasabi Wallet and operates the
coinjoin coordinator)

‍

HOW DOES IT WORK?

With the Model T, Trezor users can now see a new coinjoin account type in their
Trezor Suite, and simply click on the “anonymize” button. Users then choose the
number of coinjoin rounds — with every round increasing the level of privacy —
confirm their choices on the Trezor device, and then leave the Trezor connected
with the Trezor Suite running. The rest of the coinjoin process is automated and
requires no active user participation. The time needed to complete the coinjoin
depends on the number of rounds - one round takes approximately 10 minutes.
After completing the procedure, users will receive a confirmation dialogue with
the transaction details. The fees for the transaction consist of the coordinator
fee of 0.3% of the coinjoined amount and a network mining fee. The coordinator
fee is paid just once, and for further remixes users pay only the mining fee.

‍

For more information about coinjoin, please visit:
https://trezor.io/learn/a/coinjoin-in-trezor-suite 

‍

-

About Trezor

Trezor is the independent Czech company behind the world's first Bitcoin
hardware wallet, the Trezor One in 2014. Its flagship product, the Trezor Model
T comes with a full-color touchscreen and many advanced features. Both wallets
are open-source and enhanced by the free Trezor Suite app which increases
privacy and makes crypto more intuitive.




About Wasabi Wallet

Reclaim your privacy with Wasabi Wallet, a free and open source bitcoin wallet
with built-in coinjoin. Coinjoins are collaborative bitcoin transactions to
enable cash-like privacy features for bitcoin. wasabiwallet.io

‍

Trezor takes control of its silicon chip supply chain

Trezor



1 min read

New chip wrapper, produced by Trezor, improves device security and significantly
shortens lead times for mass production

‍

Trezor, the original bitcoin hardware wallet company by SatoshiLabs Group, has
taken control of its silicon chip production by facilitating the manufacture of
its own key component, the chip wrapper, in its flagship product, Trezor Model
T. 

‍

The move dramatically optimizes device production by eliminating the reliance on
third parties in the highly complex chip manufacturing supply chain.    

‍

Prior to taking control of this process, the global chip shortage has meant that
Trezor, like most electronic device manufacturers, has been exposed to
fluctuations in component availability that in turn is sensitive to a variety of
factors including geopolitical disruption, labor shortages due to Covid 19 and
even droughts that limit the supply of the pure water required in the
manufacturing process. 

‍

Demand planning is also highly complex.  Spikes occur in response to
bear-to-bull market fluctuations.  They have also followed the consumer interest
in cryptocurrency self custody, a demand that was sparked by the high profile
implosion of centralized exchanges like Celsius, FTX and BlockFi in Q3 2022.
During the same period Trezor saw a 300 per cent increase in sales of its
hardware wallets for example.

‍

Whilst the same level of security is achieved by Trezor taking control of the
wrapping process, the company has reduced lead times in the supply cycle from
two years to several months.  This is turn eliminates delays in shipping
finished products and protects the consumer from exposure to price fluctuations
based on component supply and demand. 

> ”The twists and turns in demand for hardware wallets and the silicon supply
> chain disruption that we’ve seen over the past few years was a problem that we
> needed to solve. By unpacking the process, identifying areas where we could
> take control, and collaborating with our partner STMicroelectronics in new
> ways, we’ve managed to make the manufacturing as agile as it can be. This
> means we can respond quickly as the crypto currency market shows signs of
> recovery.  It also adds more design freedom for future products, helping us to
> sustain our leadership in the increasingly competitive hardware wallet
> space.” 
> 
> Štěpán Uherik, Chief Financial Officer at SatoshiLabs and Trezor

‍

Last year, Tropic Square, a company also from the SatoshiLabs stable, launched
TROPIC01, a secure open source chip that provides cryptographic key generation,
encryption, signing, and authenticating users through digital identification
methods. 

‍

> "The chosen business model is very unique and can be applied in exceptional
> cases. Firstly, as a manufacturer, we require high minimum order quantities,
> and secondly, the customer must have specific know-how to encapsulate
> semiconductor components. We are very happy that there is a company like
> Trezor in the Czech Republic, with which we were able to successfully
> implement this project."
> 
> Tomáš Pokorný, Sales Manager at STMicroelectronics.

‍

Trezor appoints Žák as new CEO

Trezor



2 min read

Trezor, the original bitcoin hardware wallet company, has appointed Matěj Žák,
formerly Chief Product Officer, as its new CEO. Žák takes over the leadership of
Trezor from co-founder Marek “Slush” Palatinus, who will remain in the company,
helping to guide the strategic, technical and visionary direction of the
business. Žák will be focused on enhancing the overall usability of Trezor’s
products to help stimulate wider crypto adoption, while ensuring the company is
prepared to take full advantage of the next bull market.

‍

Based in the crypto hotbed of Prague, Trezor is one of Europe’s leading tech
brands and the second largest crypto hardware wallet in the world by sales.
Following the recent collapse of crypto-exchange FTX, Trezor experienced a 300%
uplift in sales. This increase in new users is expected to continue throughout
2023, as bitcoin and cryptocurrency holders increasingly lose trust in
centralised exchanges and custodians, and look to self-custody their digital
assets.

‍

Žák joined Trezor in 2019 as Product Manager, and was promoted to become
Trezor’s first Chief Product Officer in 2021 after his vast product development
experience helped establish Trezor as the most user-friendly self-custody
solution on the market. Žák was also responsible for the development of the
market leading Trezor Suite software application, enabling Trezor device users
to manage, buy and exchange their crypto in the most usable, secure and
privacy-focused way.

‍

Before joining Trezor, Žák co-founded and led startups like Flits.live (live
streaming) and What the Hill (Prague e-bike sharing). He originally graduated
from Berklee College of Music and, even though he is still an active musician,
he has built a career developing innovative technologies. Bitcoin and crypto
security soon became his main focus and making them accessible to the masses is
his primary mission.

‍

As CEO of Trezor Žák will continue his dedication to delivering ever greater
usability enhancements for its products and services, while ensuring that the
business is in the best possible position to ramp up for the next bull market.

‍

Exiting CEO, Marek ‘Slush’ Palatinus will remain at the company he co-founded as
an advisor - channelling his vision and wealth of experience to help guide the
strategic and technical direction of the business.

‍

‍

> “We’ve got an incredible team of people here at Trezor, whose expertise and
> dedication has helped create a legacy of industry leading crypto security
> products. Therefore, it’s an honour to be taking over the reins from Slush -
> who I've been able to learn so much from since joining the team four years
> ago.“
> 
> “As CEO, I’m looking forward to building on our existing innovations and
> creating more well designed and easy-to-use products that make keeping your
> cryptocurrencies as safe and easy as sending a text message.“
> ‍
> Matěj Žák, CPO at Trezor

‍

> “The events of the past 12 months have only served to reinforce the importance
> and value of self-custody for the safekeeping of cryptocurrencies. This new
> age of enlightenment feels like the perfect opportunity to strengthen and
> refocus the leadership of Trezor by appointing Matěj as Chief Executive,
> putting us in the best possible position to take full advantage of the next
> bull market. I’m excited to take on my new advisory role in the company as we
> look to cement Trezor’s market leadership position in the ever-growing
> hardware wallet sector.“
> ‍
> Slush, Co-founder of Trezor

Invity & Swan Bitcoin break down barriers to Bitcoin with automated savings in
Trezor

Invity



2 min read

From the Genesis Stage of the Bitcoin 2022 conference, Invity.io, provider of
the in-wallet trading platform for Trezor hardware wallets, and Swan Bitcoin, a
prominent Bitcoin onramp, announced a new partnership to bring recurring,
direct-to-custody Bitcoin purchases to Trezor wallets. Automated purchasing
within a cold wallet is the most accessible way for non-technical users to start
saving value with Bitcoin while maintaining personal control over their coins
from the very beginning.

> “The key to Bitcoin's future is to welcome people who are currently
> intimidated by cryptocurrencies. But we've found that new users continually
> worry over two things: finding the perfect time to enter the market and
> keeping their Bitcoin safe. This integration solves both”
> ‍
> Pavol "Stick" Rusnák, co-founder of Trezor Company.

‍

> “Bitcoin must be for everyone, especially in this age of runaway inflation.
> But not everyone is willing or able to contribute a lump sum to a new
> investment. By offering new users a straightforward way to buy Bitcoin in the
> amount they want and on their schedule, anyone can benefit from dollar-cost
> averaging while keeping their investment as secure as possible.”
> ‍
> ‍Stephan Livera, Managing Director of Swan Bitcoin

‍

Recurring Bitcoin purchases are facilitated by Invity, which integrated Swan
Bitcoin's API into the free Trezor Suite app, the coin management platform for
Trezor hardware wallets. In the Trezor Suite Trade section, a "Save into
Bitcoin" button opens a specially designed minimalist interface in a click.
Users then fine-tune the amount of Bitcoin to purchase and how often in a way
that suits their personal budget. A linked bank account converts US dollars to
Bitcoin automatically, and the purchased coins are sent directly to the user's
non-custodial Trezor hardware wallet. This eliminates both exposure to
vulnerable custodial solutions and manual, fee-incurring steps to move purchased
coins to self-custody.

> “Investing is a mental process for the long term and the only way to protect
> and build wealth over the long term. A completely self-managed asset like
> Bitcoin held on a hardware wallet is vital to creating an investment portfolio
> for the twenty-first century, and the meeting of our three companies makes
> this a reality for anyone”
> 
> ‍Štěpán Uherík, CEO of Invity and CFO of Trezor.

‍

‍

Automated Bitcoin purchases powered by Swan Bitcoin and Invity will be enabled
in the May 2022 update of the Trezor Suite. Swan is only available to people
over eighteen years of age with a valid government ID and valid US bank account;
this service is not available to residents of New York state. Invity is in talks
to bring automated purchases to European users in the coming months.

‍

ABOUT SWAN BITCOIN

Swan Bitcoin is dedicated to helping the next billion people understand Bitcoin
and what it represents for our future. Swan produces high quality Bitcoin
education and takes pride in excellent, accessible customer service. Swan.com is
the best way to accumulate Bitcoin with recurring and instant buys. The Private
Client Services division helps high net worth individuals and entities build
generational wealth around the world. Swan's Advisor Services platform is the
easiest and most secure way for financial advisors to provide their clients with
direct exposure to actual Bitcoin. For more information, visit Swan.com.


Trezor Suite steps up to serve Trezor users

Trezor



2 min read

Trezor, the first hardware wallet, was given a new desktop application in July
2021. It is now completely replacing the old Trezor Wallet interface, which will
no longer be supported from the 31st of January. The new app is called Trezor
Suite and it is a major improvement that helps secure users of cryptocurrencies
against phishing attacks, one of the most burning problems of crypto security
nowadays. SatoshiLabs recommends that all Trezor users download the Trezor Suite
desktop app and start using the best tool for their long-term security.

‍

TREZOR SUITE BRINGS SIGNIFICANT IMPROVEMENTS

As Bitcoin evolves and the number of users grows, different use cases are
emerging. That's why security is not just about having the right hardware but
also making sure the software used for managing your crypto portfolio takes
advantage of all the new capabilities of Bitcoin and doesn't expose you to
online threats.

‍

The new desktop application provides a safe and more private environment for
managing cryptocurrencies that makes crypto more intuitive and easy to use -
especially for those just starting out. Buying crypto from a reputable source
directly from your Trezor has never been easier.

‍

> “Trezor Suite progressed, evolved and is now fully ready to take over Trezor
> Wallet with many new features and a complete redesign that improves our users'
> security and privacy. Switching from Trezor Wallet to Trezor Suite is smooth
> and easy - just download the Trezor Suite desktop app and enjoy a quick and
> easy onboarding.”
> 
> ‍Matěj Žák, CPO at Trezor

‍

TREZOR SUITE IS PACKED WITH SECURITY AND PRIVACY FEATURES

Taking the wallet interface out of the browser environment eliminates the risk
of phishing sites tricking users into revealing their seed or other critical
information. A desktop app provides more robust protection with more powerful
capabilities and reduces the number of mistakes or exploits that could result in
someone losing their keys or coins.

‍

SOME OF THE COOL FEATURES:

‍

ONE OF THE FIRST TO SUPPORT TAPROOT

The Bitcoin Taproot upgrade which was activated in November is already supported
by Trezor Suite. This introduces some major changes to Bitcoin that build upon
the SegWit upgrade of 2017, which enabled support for the Lightning network.
Taproot is expected to have long-term effects on Bitcoin utility and adoption,
and will see further advances in the coming years.

‍

DECENTRALIZED EXCHANGE (DEX)

Buying, exchanging, and selling cryptocurrencies directly from your Trezor
hardware wallet is made easy and secure by Invity, a SatoshiLabs company that
lets you compare rates across verified exchanges to find the most competitive
offers. Now, there is a new way to exchange crypto without KYC, thanks to
Invity's integration of 1inch, a decentralized exchange built on the Ethereum
network. When using the Trade section under your Ethereum account in Trezor
Suite, users can now browse offers from the 1inch decentralized exchange
alongside conventional exchanges.

‍

TOR SWITCH

Tor, a free and open-source network that reroutes internet traffic through many
different servers, is available in Trezor Suite to prevent your ISP and others
from tracking your internet activity. While Tor is quite technical, it has been
made as simple as possible - at the click of a button - so all Trezor users can
mask their connections.

‍

DISCREET MODE

When using a Trezor around other people, physical privacy becomes an issue.
Showing off account balances — accidentally or otherwise — can lead to risk of
extortion or harm. That's why there is a switch in Trezor that blurs out all
sensitive data, so users can safely peek at their balances on mouse-over.

‍

EASY ONBOARDING

Trezor Suite provides a quick and easy onboarding that will make sure your
wallet is properly set up and secured, even if you've never used a Bitcoin
wallet before. Designed as an all-in-one interface, you can safely and easily
manage cryptocurrencies and improve your privacy without needing to install
additional apps or learn complex networking.




SatoshiLabs apoints new CTO for Trezor company

Trezor



1 min read

SatoshiLabs Group, the holding company behind cryptocurrency innovations such as
the original Bitcoin hardware wallet Trezor, has appointed Tomáš Sušánka,
formerly Head of Engineering, as Trezor's new CTO.

‍

Tomáš Sušánka is an experienced cryptographic engineer who joined the company in
2017, coming from previous experience at Cloudflare. Open-source security
solutions such as Trezor as well as Bitcoin and cryptocurrencies are both his
passion and hobby.

‍

> “In my new position, I will primarily focus on building strong independent
> teams to serve as the crucial pillar of our technology. With cryptocurrencies
> increasing in popularity, we recognize an increasing need for automating
> development processes. Last but not least I will be dedicated to enabling both
> professional and personal growth of our people, which is key to the future
> development of Trezor products like Trezor Suite.”
> 
> ‍Tomáš Sušánka

‍

The CTO position is being passed to Tomaš from Pavol Rusnák (best known as
Stick), who is a co-founder and co-owner of the holding company. Stick will
continue to support Trezor's mission from his position in upper management of
the SatoshiLabs Group.

‍

> “Tomáš has proven his skills both as a developer and as a capable manager who
> has led his team to success during his time with the company. Nowadays it is
> not easy to find a person to fill a top management position who not only knows
> how to lead a team but also understands our industry and embraces our
> particular independent mindset. I am truly looking forward to Tomáš driving
> forward the innovation Trezor is so well known for in the crypto security
> industry.”
> ‍
> ‍Pavol Rusnák, SatoshiLabs Co-founder

‍

SatoshiLabs group has grown significantly, almost doubling its headcount over
the last year. The company continues to search for highly motivated talent
across a range of positions. For more information about open roles visit our
career page.

‍

Trezor Suite is now live!

Trezor



2 min read

Trezor Suite is a new desktop application from SatoshiLabs, producer of the
original hardware wallet Trezor. This application complements the most secure
way of storing cryptocurrencies and adds yet another layer to people's
cryptocurrency experience.

‍

SECURITY FIRST

Trezor has created many security features that have been adopted as the industry
standards for safe handling of bitcoin. Trezor Suite is adding to this with its
easy to use app that helps battle one of the most painful troubles out there -
phishing attacks. Using a desktop application provides isolation from cloned
sites and malicious links, and the software build can be independently verified
unlike a website. Another benefit is that a desktop app is capable of
implementing far more powerful features than its browser-based counterpart.



‍

> “We understand that using cryptocurrency every day makes people vulnerable to
> certain scams and attacks. An application on your desktop or mobile device
> that you have thoroughly checked and approved provides a good solution. But we
> wanted to do it right and also deliver features that empower hardware wallet
> users and bring them closer to the future of bitcoin use.” Matěj Žák, Head of
> Product at SatoshiLabs

‍

More on security: Trezor Suite: Security made simple

‍

USABILITY FOR WIDER ADOPTION

Trezor Suite's new design introduces an easy onboarding process for those new to
hardware wallets and the app is complete with a convenient straight-to-custody
exchange service from Invity.io. These and many other user-focused features make
the whole experience of using bitcoin accessible to everybody. Being able to
compare offers from many different exchanges when selling, buying or exchanging
cryptocurrencies brings a new level of transparency, with the added benefit of
each transaction being secured by Trezor, driving mass adoption and ensuring
self-custody. The brand-new onboarding process in this public release of Trezor
Suite makes sure new users understand all the key steps involved in securing
their assets: it provides a walkthrough of creation and backup of recovery
seeds, setting a strong PIN, and using passphrase effectively to segregate coins
and protecting Trezors from physical attacks.
Along with the newly-introduced Learn & Discover reference manual, Trezor Suite
is focused on making sure every user gets the most out of their hardware wallets
while avoiding the costly mistakes many have made in the past.

More on usability: Trezor Suite: the easy way to use Bitcoin

‍

FOCUS ON PRIVACY

Trezor Suite is the first hardware wallet application that offers advanced
privacy features in a form that is easy for anyone to use. Privacy is often a
secondary focus for those building on Bitcoin, as the priority is to ensure
there is robust infrastructure in place for Bitcoin as sound money. To make it
easier to protect one's identity, Trezor Suite packages privacy tools in a way
that even non-technical users can take advantage of them. By downloading Trezor
Suite, sophisticated features like the Tor switch, Locktime, Discreet mode, and
more, can be turned on in a single click. With many other privacy features in
development, Trezor Suite will help every cryptocurrency user offset the risks
of losing control over their private data.

More on privacy: Trezor Suite: Privacy made easy

‍

FEATURE HIGHLIGHTS

 * Buy, Sell, and Exchange crypto with Invity.io - Connect to noncustodial
   exchange providers that offer the best rates, the most local payment methods,
   and the most effective support all in a single location. Invity's
   straightforward comparison tool allows users to buy, sell, exchange, and
   learn about digital currencies with ease so they never feel lost in the
   quickly changing world of crypto
 * Anonymous mode via Tor - At the flick of a switch, benefit from an anonymized
   global network that will obscure your connection by relaying it through
   servers distributed around the world
 * Dark mode - requested by community and delivered from Trezor with love
 * Onboarding - making it quicker and easier to get started securely using your
   wallet
 * Discrete mode - obscures sensitive data on-screen, so no one can peek over
   your shoulder
 * RBF - replace by fee for Bitcoin transactions allows users to increase the
   fee of transactions even if it was already broadcast

‍

COMING SOON

 * CoinJoin
 * Bitcoin full node
 * Mobile App
 * Recurring buy crypto savings account

See our plans for Trezor Suite in the Road Map. Check-in to Trezor Suite here.




Tropic Square received investment of 4 mil. eur

Tropic Square



4 min read

Czech startup Tropic Square, which is part of SatoshiLabs Group, are planning to
finalize development and start testing the first fully transparent and auditable
security chip in the world. To introduce this idea to market, the company
received investment of 4 million euros from swiss-based investment company
Auzera. The chip, code named TASSIC (Transparent Authenticated Secure Storage
Integrated Circuit), is expected to be introduced by the end of 2022, and it is
already clear that it will be used in one of the most popular crypto hardware
wallets Trezor, also made by SatoshiLabs.

‍

> “The initial motivation for the whole project was the need for a
> microprocessor solution for Trezor. However, thanks to the closed source
> settings of the chip manufacturers, we couldn't find an ideal solution.
> Although the community has asked for a so-called secure element, a chip that
> is inherently designed to prevent unauthorized access and protect
> cryptographic or confidential data, it would not be the right, most secure
> solution, due to non-transparency. So we took on the development of a
> transparent secure chip ourselves and believe that the next model of the
> Trezor will have an open source chip from Tropic Square. At the same time, we
> believe that this revolutionary chip can succeed outside the realm of
> cryptocurrencies. With this particular chip, we are heading for a market which
> was worth over 3 billion dollars in 2018”
> ‍
> Marek Palatinus, CEO of SatoshiLabs

‍

OPEN SOURCE AS A PATH TO INNOVATION

Open source is a way for Tropic Square to ensure the security of its chips. Like
many other technology companies, this follows a trend that brings faster
innovation through the community and reduces reliance on third-party know-how.
The startup works on the assumption that the traditional closed-source approach
hides drawbacks by closing itself off from the world, where small, closed teams
work on their development and the resulting implementation cannot be verified by
the chip user. Manufacturers of specialist security chips force their clients to
sign NDA contracts. If its user discovers a problem, it is not possible to
simply publish the finding, and thus warn about the possibility of a security
risk.

‍

The long list of known security issues clearly shows that chip design is another
area of technology that needs to be opened for innovation. The goal of Tropic
Square is to bring secure chips to market as a solution that is focused on the
user and the end product.

‍

”We believe that transparency, collaboration and, to a large extent, the
community can significantly shift the technology world. The global reach and
feedback from users themselves unlocks vast potential for innovation and to
achieve what was previously unthinkable. Thanks to this investment, we can now
focus fully on the development and technological solution itself, without having
to worry about finances. Alongside that, our team is growing and we are always
looking for talented and experienced people, not only for technical positions.
In cooperation with DEPO Ventures, we are also open to angel investors who would
leverage their know-how to accelerate the fulfillment of our goals in the
business area as well,” adds Evžen Englberth, co-founder and CEO of Tropic
Square.

‍

As for the TASSIC chip itself, experts from all over the world can participate
in its development and testing. There is already a forum open to the
professional public, where discussions related to the chip's own development
take place. At the same time, Tropic Square is still looking for talent in the
areas of chip design, open source silicon, and security, to help with
development.

‍

PHYSICAL RESILIENCE AND ENCRYPTION ARE CRITICAL TO SECURITY

The development of a common chip, where a single function is addressed, is
already a complex undertaking. With the TASSIC chip, great emphasis is also
placed on the method of its design and subsequent implementation, so the chip
meets the high demands for physical security and resistance to attacks. Physical
resilience and encryption are key features for a robust chip solution that
securely generates and stores cryptographic keys and sensitive data. Moving
these processes from software to specialized chips increases the security of the
electronic device as a whole.

The company first announced its intention to create the chip in May last year.
The nine- member team is led by co-founders Evžen Englberth (CEO) and Jan
Pleskač (CTO).



‍

TASSIC CHIP

In addition to new products, TASSIC is also a suitable solution for improving
the security of existing products. It is designed to connect to common
microprocessors or FPGA circuits using standard serial protocols or a MicroSD
card. Using the TASSIC chip as a security extension to a non-secure controller
and firmware creates a foundation for building secure systems.

‍

Tropic Square is working on a solution that will bring security algorithms to
market in an auditable implementation, i.e. a solution that will be controllable
and, thanks to the open source system, will be accessible to the professional
community. With the TASSIC chip, it will be possible to verify that it has been
manufactured exactly according to design, and thus that there has been no
modification or addition of an implant in the supply chain (generally referred
to as supply chain attack). Thanks to the focus on solving the most basic needs
of digital security, chip will find applications especially where the emphasis
is on real security, unique device identity, cryptographically strong
communication and authentication. This applies, for example, to the fields of
IoT, Industry 4.0 and in special applications requiring transparency and real
knowledge of chip implementation. There is also market potential in the area of
common consumer electronics, where draft legislation imposes new requirements
for secure storage of data in electronic devices.

‍

-

More about Tropic Square

Tropic Square s.r.o. is a private company founded in 2020 in response to the
lack of secure element chips based on open architecture. Its goal is to bring
customers a fully auditable chip that will meet high security requirements and
at the same time be verifiable by anyone thanks to its transparency and open
source philosophy. The first generation of the secure chip is currently being
developed under the working name TASSIC. More information at tropicsquare.com.

Lena Pham



Spokesperson


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