As part of its celebration, the Czech-based firm has launched three new self-custody products.
Hardware crypto wallet provider Trezor is in the mood for celebration after reaching the milestone of being in business for ten years. As part of its celebration, the Czech-based firm has launched three new self-custody products. The new Trezor products are a new wallet, a proprietary private key backup solution, and a Bitcoin BTC-only wallet.
Trezor Unveils 3 New Products
In its official announcement dated October 12, Trezor disclosedthat the new wallet, dubbed Trezor Safe 3, would support over 7,000 cryptocurrencies. According to the firm, the new product is an indicator of how far it has come with its ambition of providing entry-level hardware wallets. Trezor Safe 3 comes nearly five years after the firm released the Trezor Model T back in February 2018. Although the new wallet retains the firm’s unwavering commitment to open-source development, there’s now an addition in that it applies open-source principles even to its security component. To this end, the company has chosen a third-party secure element vendor such that it may publish potential loopholes as soon as they are discovered.
The hardware company also confirms that the new wallet will sell for $79. They are available in four colors solar gold, stellar silver, galactic rose and cosmic black, the announcement says.
Alongside its new hardware wallet, the firm is also rolling out its own physical private key storage solution. The product, which is called Trezor Keep Metal, is considerably similar to the average physical backup solution in the market. That is, the Trezor Keep Metal is designed in a way that allows users to keep their recovery even in extreme cases of fire or water accidents. But more than its safety, Trezor paid more attention to the usability of its private key backup. According to CEO MatejZak, the detailed attention to usability is part of a larger plan to boost global crypto adoption. Trezor Keep Metal goes for $99 on average.
Lastly, the firm also released a limited edition BTC-only hardware wallet, featuring only 2,013 devices.
Since Trezor was founded in 2013, it has gone on to become one of the largest global providers of hardware wallets. Its first-ever wallet, the Trezor One, was released in 2014 and is still selling to date.
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Author Mayowa Adebajo
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
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If the appeal process, which could take years, does not result in a unanimous agreement, the corporation would have to settle any unresolved issues in court.
The United States Internal Revenue Service (IRS) has informed Microsoft Corp(NASDAQ: MSFT) that it owes back taxes of $28.9 billion “plus penalties and interest” for the tax years 2004 through 2013. In an 8-K filingon Wednesday, the corporation revealed that it had received Notices of Proposed Adjustment (NOPAs) from the IRS.
Microsoft counters that up to $10 billion in taxes that it has already “under the Tax Cuts and Jobs Act (TCJA), which could decrease the final tax owed under the audit by up to $10 billion” are not reflected in the proposed adjustments.
Further, the tech giant’s Corporate Vice President for Worldwide Tax and Customs Daniel Goff wrote in a blog poston Wednesday that Microsoft has changed its corporate structure practices since the period covered by the audit. He stated that the issues “raised by the IRS are relevant to the past but not to our current practices.” Microsoft plans to raise its issues with IRS Appeals, a separate IRS division that deals with tax disputes.
“Microsoft disagrees with these proposed adjustments and will pursue an appeal within the IRS, a process expected to take several years. We believe we have always followed the IRS’ rules and paid the taxes we owe in the US and around the world. Microsoft historically has been one of the top US corporate income taxpayers. Since 2004, we have paid over $67 billion in taxes to the US,” Goff wrote.
If the appeal process, which could take years, does not result in a unanimous agreement, the corporation would have to settle any unresolved issues in court. Goff added that Microsoft will continue to cooperate with the IRS and work towards a mutual resolution.
“We will also continue to share updates on significant developments through our public quarterly and annual reports and financial statements, as we have through this entire process. As of September 30, 2023, we believe our allowances for income tax contingencies are adequate,” he stated.
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Author Mercy Tukiya Mutanya
Mercy Mutanya is a Tech enthusiast, Digital Marketer, Writer and IT Business Management Student. She enjoys reading, writing, doing crosswords and binge-watching her favourite TV series.
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