Wallets

The True Monopoly Of Bitcoin Unveiled

Bitcoin, the most dominant cryptocurrency. The cryptocurrency with the biggest market cap and now it seems, a cryptocurrency that has become monopolised through the Bitcoin ownership of the top 1%. According to recent findings, just 1% of all Bitcoin wallet addresses hold 55% of the worlds Bitcoin. Similarly, according to The Guardian, in 2017 the top 1% wealthiest people in the world now own more than half of the worlds wealth. Can you spot any similarities here? According to The Guardian: “The world’s richest people have seen their share of the globe’s total wealth increase from 42.5% at the height of the 2008 financial crisis to 50.1% in 2017, or $140tn (£106tn), according to Credit Suisse’s global wealth report published on Tuesday. At the other end of the spectrum, the world’s 3.5 bil...

Abra Wallet Opens Despite BCH Dispute

On Wednesday 12th September, one of the only cryptocurrency wallet applications that supports 28 applications revealed that it is in cooperation with Bitcoin Cash. Bitcoin Cash can now be deposited, withdrawn and even stored from the Abra wallet. The platform also added that users can fund their Abra wallet with Bitcoin Cash no matter where you are around the globe. Abra made the announcement on its official Twitter saying: “We are pleased to announce that now you can deposit and withdraw bitcoin cash on Abra! Watch our CEO talk about the announcement and on all things #BCH” Due to creative differences and clashes, Bitcoin Coin was created within the BTC community. currently, some of the most popular supporters of Bitcoin Cash in the blockchain are are the Chief Scientist at nChain, Dr Cra...

6 Excellent Wallets For Bitcoin In 2018

If you’re looking for the best Bitcoin wallet, you want the safest option available. Ideally, that means a hardware wallet, or software at a push. We’ll ignore web and mobile wallets for now, as they’re just too vulnerable to hacking. Here’s our list of the best six: 1. BitBox Although it’s half the price of other hardware wallets, BitBox is just as safe. Made of bulletproof material, it is basically a dongle. It works with Bitcoin, Ethereum and Litecoin, and has a dual chip security system. 2. Ledger The Ledger Nano S is a flip open USB stick with two buttons. It plugs into any computer, whether it is corrupted or not; this will not affect your wallet. The Ledger Blue is a tablet version of the Nano S. 3. Trezor Trezor One and Model T are excellent hardware B...

EOS (EOS) And Other Coins Added To The Ledger Wallet

EOS is the latest coin to join the Ledger Wallet along with six other new coins. This marks the second round of new coins to be added to the popular Ledger platform in recent months. In addition to EOS, Ledger now offers support for Hycon (HYC), Fic Network (FIC), Pirl (PIRL), Rise (RISE) and Akroma (AKA), alongside the Ledger-backed cryptocurrency Waves (WAVES). Ledger is a French company which provides secure hardware crypto wallets to individuals and companies. Using an operating system based on a secure external chip, users are able to safeguard their currencies. They have sold over 1 million wallets globally since the company was founded in 2014. Ledger currently supports 13 cryptocurrencies, including Bitcoin and Etherium. Ledger owners can also access many more cryptocurrencies thro...

Bitfi Confirm They Are Very Much Hackable And Hire New Security Manager

Bitfi, the McAfee led cryptocurrency wallet and the alleged unhackable wallet that was set to change the entire landscape for cryptocurrency storage has finally caved in and retreated, the company and John McAfee himself, have now confirmed that the wallet is indeed vulnerable to hacks. This comes after a campaign set out by Bitfi and McAfee to challenge hackers to access the wallet, for an incredible bounty. Though, McAfee specifically stated the reward on offer was not a bounty, as the wallet was unhackable so therefor a bounty would be impossible. However, as you might have guessed, it did transpire that the wallet was hackable, and a number of people and entities managed to maliciously access Bitfi wallets, one user even managed to install and play a version of the video game doom on i...

Freewallet Users Saved Over $500K

Freewallet users saved over $520.000 on free internal transactions during the period between July 2017 and July 2018. That includes $400.000 in XMR transactions, $60.000 in Ethereum and ​$63.000 in Bitcoin. As a hosted wallet, Freewallet is able to provide free and instant transactions between Freewallet users. Those transactions are not registered in the blockchain which saves users from paying a network fee. The largest share of the funds saved on network commissions are in XMR. The absence of fees brought a great economy of $400k. Bitcoin ($63k) and Ethereum ($60k) also brought a tangible benefit to Freewallet users. Doge ($300) and Bytecoin ($2.4) complete the top-5 list with minor sums. “We spend a lot of effort developing the off-chain to save our users’ funds in means of both securi...

If Telegram Share Their Encryption Keys, Their App Will Be Available In Russia Once Again

Telegram, the ICO led social messaging app is current banned in Russia, although according to reports, this ban could soon be overturned if the company agree to share their encryption keys with law enforcement authorities in Russia. This comes as the Federal Security Service (FSB) have decided that they need to access encrypted messages in order to combat terrorism, though we can question if Telegram really is the arena of choice for terrorist communications. According to CCN: “Russia’s telecommunications watchdog said that it will consider reversing the ban on messaging service Telegram if the company submits to a court order requiring it to share its encryption keys with federal law enforcement. Russia-based news outlet RT reports that Roscomnadzor (RKN), which began blocking local acces...

The New Project Inspiring Normal People To Open A Bitcoin Wallet And Start Saving

Cryptocurrency adoption will be impossible if normal people don’t have access to Bitcoin wallets and other crypto storage devices. Unlike FIAT, cryptocurrency can’t just be stored loose in a pocket or in your shoe. A new project however, by the name of Lolli is inspiring the general public to open a Bitcoin wallet, in order to start saving money, via their crypto cashback system, one that awards users for making online purchases, be repaying them in Bitcoin. It’s similar to the many online cashback services that we see today, but, it’s been designed to attract the lay user and to simply get more people interested in crypto. According to Tech Crunch: “Lolli is a rewards platform that offers users BTC when they shop at participating online retailers. Consumers install a browser extension or ...

John McAfee Keeps Denying That His Wallet Is Hackable, Despite It Being Hacked Again

It’s happened again, McAfee’s not-so-fortress of a wallet, BitFi has been hacked by another team of hackers who should now qualify for McAfee’s lesser not-bug-bounty of $10,000.00. We say not bug bounty, as McAfee claims that the reward he is offering to potential hackers is not a bug bounty, because the wallet is so secure and it has no bugs to exploit. All though, BitFi keeps getting hacked. As a matter of fact, one hacked, aged 15 even managed to install a fully working version of the video game ‘Doom’ on one. See our coverage of the Doom story, here. Well, that’s a transaction made with a MitMed Bitfi, with the phrase and seed being sent to a remote machine. That sounds a lot like Bounty 2 to me. pic.twitter.com/qBOVQ1z6P2 — Ask Cybergibbons! (@cybergibbons) 13 August 2018 Cyberg...

Trezor Announce New MetaMask Integration On Google Chrome Extension

MetaMask MetaMask brings cryptocurrency to your web browser. Via a Google Chrome or Brave extension, users of MetaMask are able to run Ethereum based decentralised apps, without the inconvenience of running a full Ethereum node. Because of this, MetaMask is secure and ultra accessible. Its ease of use is proving its worth, making MetaMask one of the most popular blockchain browser extensions available, with 1,174,535 users on Google Chrome alone. Trezor Trezor is a cold storage solution for cryptocurrency assets. It’s a hardware wallet designed with transparency in mind, that uses a simple and easy to use interface. A built in password manager also gives Trezor a competitive edge when it comes to security and data integrity. And how are the two integrated? Let’s backtrack a second… Within ...

McAfee’s Unhackable Wallet Has More Use As A Games Console It Seems

In recognition of @Bitfi6 and @officialmcafee and their prestigious @PwnieAwards accolades, we’d like to show you @spudowiar playing DooM on his #BitFi secure wallet! Congratulations! pic.twitter.com/50qZZu1MnF — Abe Snowman (@AbeSnowman) 9 August 2018 Remember how John McAfee created a cryptocurrency wallet that had ‘proven’ to be totally unhackable, so much so, he challenged the greatest minds in crypto to try and gain access to it? Named BitFi, the wallet claimed to be an absolute game changer in crypto wallet technology, providing the world’s first totally secure storage solution. McAfee even offered a huge reward to anyone who could successfully extract cryptocurrency from a BitFi wallet, though McAfee refused to admit this was a ‘bug bounty’, he offered a stunning $250,000.00. ...

TronWallet Goes Live On Android, With iOS Version Incoming Too

TronWallet is now available on Android! Send, receive, freeze $TRX, vote for the Super Representatives, participate in token sales from your phone with this decentralized wallet built by Getty/IO! iOS version available soon, more info on @TronWalletMe https://t.co/QS4SdIB9ru — TRON Foundation (@Tronfoundation) 31 July 2018 Next up in the series of never ending TRON Foundation announcements, comes the launch of the new TronWallet for Android phones. This will see a native and home built TRX storage solution become available on investors mobile phones, improving relations between TRON and its customers and moreover, improving the experience of investors worldwide. TronWallet will be launched on iOS soon enough so if you’re on Apple, you’ve not got long to wait. What’s different about TronWal...

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