News analysis
Blockstream launches Bitcoin custody system with Thales as Adam Back argues for offline signing
· By MyCryptoSignal Editorial · 346 words
Cointelegraph reports that Blockstream has launched a Bitcoin custody system developed with Thales, using dedicated hardware to sign transactions. Adam Back, Blockstream's co-founder, makes the case for offline security as a way to reduce cyber risk. The report was published on 13 November 2026.
According to Cointelegraph, the custody system pairs Blockstream's software with hardware from Thales, the French defence and aerospace group. Signing keys stay on dedicated devices rather than on networked machines, which the report frames as a way to lower exposure to online attacks. Back's argument, as Cointelegraph describes it, is that offline signing is simpler and therefore easier to secure than setups that leave keys reachable from the internet.
The article names no price, no customer and no deployment date beyond the report itself. Cointelegraph published the piece on 13 November 2026, and no author byline is listed. We have not independently verified the claims in the report.
Our own collected data, as of 13:17 UTC on 14 November 2026, shows Bitcoin at $66,790, down 3.44% over 24 hours. The coin has given back 11.87% over seven days and 17.30% over 30 days. Its 24-hour range ran from $66,492 to $69,507, so the current price sits near the lower end of that band. RSI(14) reads 34.5 and the trend is marked down.
Support is listed at $66,908.80 and resistance at $67,392.20, which places the price just below the support line. Across the wider market, total capitalisation stands at $2.13 trillion, down 3.11% over 24 hours, with Bitcoin dominance at 63%. Bitcoin is the only coin in this snapshot, so the picture here is a single asset rather than a broad basket.
Custody design and price action are separate stories that arrive in the same week. Bitcoin's 30-day decline of 17.30% and an RSI of 34.5 describe a market under pressure, while Blockstream's pitch concerns holding assets without networked keys. The appendix offers one coin and one trend; the source offers one product and one argument. Neither settles how institutions will custody Bitcoin.
Read the full story at Cointelegraph: https://cointelegraph.com/news/adam-back-simpler-security-blockstream-bitcoin-custody-system
Data, not advice.
Source: Cointelegraph — see our editorial policy.