Bitcoin.com celebrates 2.5 million wallets created

Bitcoin wallet

This week Bitcoin.com reached a milestone of a whopping 2.5 million Bitcoin.com Wallets created in less than a year. Since we started our web portal we’ve focused on providing people with world-class resources that fit every bitcoiner’s needs and our simple-to-use wallet is no different. The Bitcoin.com Wallet was launched on August 25, 2017, just a few weeks after the Bitcoin blockchain split that took place on August 1. Since then our light client that supports both Bitcoin Cash (BCH) and Bitcoin Core (BTC) has become very popular and the…

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London School of Economics introduces online course on crypto

London School of Economics

The London School of Economics (LSE) will be offering an online course on cryptocurrency investing, starting in August 2018, Financial Times reports Monday, July 9. According to the announcement, the new course dubbed “Cryptocurrency Investment and Disruption,” will help students learn some “practical skills to interact with cryptocurrency exchanges,” including how to use cryptocurrency wallets, as well as “evaluate the analytics” of initial coin offerings (ICOs). The LSE, which is alma mater to 36 “world leaders” and 18 Nobel Prize laureates, claims it is known for its motto to “understand…

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Ledger sold 1 million crypto hardware wallets in 2017

Ledger Crypto Hardware Wallet

Leading hardware crypto wallet manufacturer and developer Ledger sold more than 1 million hardware wallets in 2017, recording a profit of $29 million. In an interview with Forbes, Ledger president Pascal Gauthier stated that the lack of secure platforms which users can utilize to sign transactions on the immutable public blockchain led the demand for Ledger and hardware wallets in general, to rise. “Blockchain itself is secure, but signing on the blockchain is a flaw. If you lose the [private key], there’s no bank looking after your assets or any…

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Bitmain valued at $12B in new funding round

Bitmain office

Chinese cryptocurrency mining equipment producer Bitmain has been valued at approximately $12 billion following a Series B funding round. The company is also reportedly mulling a pre-IPO funding round “in the future”. Chinese cryptocurrency mining equipment producer Bitmain has been valued at approximately $12 billion following a Series B funding round, local news outlet Caixin reported on Friday, citing anonymous sources familiar with the matter. Bitmain has reportedly raised between $300 million to $400 million from Sequoia Capital subsidiary Sequoia China, US hedge fund Coatue and Singapore-based governmental investment fund…

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Exchange to combine tokens and fiat transactions

Cryptology

Singapore-based startup Cryptology is aiming to make crypto transactions simpler and cheaper by building a “next generation” cryptocurrency exchange, which would be among the few that combine crypto and fiat transactions on a user-friendly platform, and offers the additional option of a mobile app. The company also expects to have an edge over rivals by partnering with a payment system that will help seamlessly integrate fiat and crypto transactions and lower fees for users. Web version and mobile app The company says that the web version of the platform is…

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Mastercard patent application to make blockchain transactions anonymous

mastercard blockchain

The US Patent and Trademark Office published an application submitted by Mastercard Inc. to allow the company to patent a “method and system for anonymous directed blockchain transaction.” The patent proposes to protect the identifying details of individuals who make blockchain transactions. The application states that under existing systems, if a buyer desires to remain anonymous, as in the cases when businesses hope to conceal their practices and partners from competitors, they need to go through a third party. However, the issue with this model is that it requires a…

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Cryptocurrency sales hit US$13.7 bln in first 5 months of 2018

Cryptocurrency sales

Digital currency sales jumped to US$13.7 billion in the first five months of the year, nearly double the amount raised for the whole of 2017, Reuters says, citing a report released by PwC’s strategy and consulting division Strategy& and Switzerland-based Crypto Valley Association. This year’s virtual currency sales from 537 coin offerings topped last year’s total of US$7.0 billion, and included mammoth offerings from Telegram, a messaging service founded by Russia-born entrepreneurs Pavel and Nikolai Durov in 2013, and Block.one’s EOS currency, the report said. Telegram raised US$1.7 billion without…

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ClipboardWalletHijacker infected over 300,000 PCs

ClipboardWalletHijacker

A malware campaign spreading a clipboard hijacker has infected over 300,000 computers, according to Chinese security firm Qihoo 360 Total Security. The campaign has been raging for the past week and has spread a malware which Qihoo researchers have named ClipboardWalletHijacker. Malware replaces BTC & ETH addresses in the clipboard The malware’s purpose is to intercept content recorded in the Windows clipboard, look for strings resembling Bitcoin and Ethereum addresses, and replace them with ones owned by the malware’s authors. ClipboardWalletHijacker’s end-plan is to hijack BTC and ETH transactions, so…

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Galaxy Digital invests in startup that helps launch crypto exchanges

AlphaPoint

AlphaPoint Corp. has raised $15 mln in funding from digital assets merchant bank Galaxy Digital LP founded by billionaire investor Mike Novogratz, Bloomberg reported June 14. AlphaPoint Corp. is a firm which helps organizations launch crypto exchanges and tokenize assets. From now on, Greg Wasserman, managing director of Galaxy Digital Ventures, will reportedly join AlphaPoint’s Board of Directors. Speaking about companies’ dealings, Novogratz said in a statement: “We are in the early stages of a fundamental transformation in financial markets due to the digitization of assets. We are excited to…

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$90,000 worth of Monero with a simple Docker Hub trick

Monero mining

A series of malicious cryptojacking files that were stored on Docker Hub, a code repository site, have been downloaded more than 5 million times over the last year, helping a hacker infect countless computers that were used to mine about $90,000 worth of Monero, according to research from cybersecurity company Kromtech. Monero is a popular cryptocurrency that’s become known for its usage among cyber criminals. In a blog post published Tuesday, Kromtech discussed how the boobytrapped files had remained on Docker Hub for so long despite being noticed and reported…

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Coinbase Index Fund open for business

Coinbase Index Fund

Coinbase, the operator of the largest U.S. cryptocurrency exchange, confirmed that its Coinbase Index Fund is officially open for business. The exchange operator announced launch of the fund earlier this year. While the Coinbase Index Fund is open to investors, there are hefty minimum investments associated with the new fund. The fund is only open to investors with the ability to invest at least $250,000 or up to $20 million. “At this stage, Coinbase Index Fund is only open to US-resident accredited investors. We’re working on launching more funds which…

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Overstock: $120,000 weekly in cryptocurrency revenue

crypto on overstock

Jonathan Johnson, a member of the board of directors of Overstock, the $1 billion online retailer based in the US, has stated that cryptocurrency is a much better payment method than credit cards for merchants. Due to buyer protection and the centralized aspect of credit card networks, it is possible for buyers to request refunds and cancellation of payments through third party service providers. Unforeseen payment errors can create legal problems and complicated issues that need to be addressed by both the company and the credit card network operator. Consequently,…

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Syscoin Github has been hacked

Syscoin hacked

Syscoin developers are reporting a malicious file that has been located within the new Syscoin 3.0.4.1 installer that has been available for download via the Syscoin Github as of the 9th of June 2018. The file came through a compromised Github account and seems to contain a Trojan Horse type virus. Since then, Syscoin have uploaded a full report which details what has happened and moreover, what users need to do to rectify the issue. If you think you may be affected by this, see the report from Syscoin here:…

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KODAKCoin signed Arena partnership to store NBA, NHL photos

digital rights

Its initial coin offering is still in progress, but a new announcement indicates that the team behind KODAKCoin is working to put the forthcoming cryptocurrency to use. WENN Digital – the company that licensed the photo-centric KODAK’s brand for a cryptocurrency and associated digital rights management platform – announced Monday that it is working with Oak View Group to bridge the sports world with the upcoming KODAKOne platform. The idea is that fans and photographers at the six participating arenas, including the San Antonio Spurs’ AT&T Center, can upload and…

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Wells Fargo bans customers from buying cryptocurrency with credit cards

Wells Fargo

Banking giant Wells Fargo has become the latest financial institution to ban its customers from using their credits cards to buy cryptocurrency. Fortune reports that Wells Fargo — the third-largest US bank with nearly $2 trillion in total assets as of the end of last year — will begin declining transactions made at known cryptocurrency exchanges and brokerage platforms with bank-issued credit cards. “Customers can no longer use their Wells Fargo credit cards to purchase cryptocurrency,” a bank spokesperson said in a statement Monday. “We’re doing this in order to…

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