Wallets

Why Electrum Pro Is Stealing Your Bitcoins

Electrum Pro is not to be confused with Electrum; the popular Bitcoin wallet. Electrum Pro is quite the opposite – a malicious knock off who are stealing investors Bitcoin, and Electrum have released proof that this is the case. Electrum Pro has instead been designed with malware to hijack private seed keys, and is taking advantage of the name, which has a good reputation. The platform is urging investors to be very careful not to get confused between the two. Since Electrum was made aware of its malicious counterpart, the development team have been doing all they can to alert people to the possibility that the supposed Pro version is in fact a face. According to the company, the counterfeit platform have cloned their brand image, even creating a website to fool unsuspecting investors. Ele...

More Than $140,000,000 Bitcoin Moved From Mt. Gox Wallets

More than $140,000,000 worth of Bitcoin and Bitcoin Cash saw themselves being moved from Mt. Gox’s cold wallets this past Thursday. A very big move that can be a cause for concern for the valuation of Bitcoin. The world of cryptocurrencies has seen a lot of good times and plenty of bad. During the time that regulatory bodies just shrugged their shoulders when they heard of Bitcoin and other cryptocurrencies but they did manage to bat an eye brow or two, the trading of cryptocurrencies globally was rampant. From the very short time of half a decade between 2009 and 2014, Bitcoin saw a sharp rise in popularity and it became a multimillion dollar ecosystem. The cryptocurrency exchanges operating at the time were very few in number and one of them Mt. Gox based in Japan was the most popular cr...

The Crypto Refresh April 27th

Rejoice! The Crypto Daily™ Crypto Refresh is back! Every Friday we like to sit down and trawl through the news to bring you a concise version of events. As ever, we have had a fantastic week. The markets have taken a tumble after a great start, but now all seems back to normal. The news has been hot and we have been all over it. Here’s a quick reminder of our adventures this week- Verge PornHub Announcement, Damage control has failed Last week we saw Verge announce their new highly anticipated partners. The announcement of PornHub however totally flunked, with the community left feeling a little flaccid to say the least (honestly, no pun intended). Since the announcement, Verge has made very little progress and still continues to hang around a less than impressive value of $0.073, given the...

$140,000 In Ethereum Stolen In Wallet Hack

Yesterday, news surfaced of a large scale attack that had taken place on MyEtherWallet, during which over 200 Ethereum was stolen, to the tone of almost $140,000. Couple of DNS servers were hijacked to resolve https://t.co/xwxRJ4H4i8 users to be redirected to a phishing site. This is not on @myetherwallet side, we are in the process of verifying which servers to get it resolved asap. — MyEtherWallet.com (@myetherwallet) April 24, 2018 According to MyEtherWallet’s Twitter page, a number of the companies DNS servers sustained an attack which started to redirect users of myetherwallet.com to a phishing website. From this site, user data was extracted and thus, some exposed Ethereum was stolen. This is significant as once more, this hack has taken place as a result of a single vulnerability, i...

Google Play Store Rife With Malicious Crypto-Apps

Despite Google’s best efforts to stamp out anything to do with cryptocurrency (they banned all crypto-advertising in a move to protect their users, remember) it transpires that the Google Play Store, the native app store for Android and Google devices, is absolutely rife with malicious apps designed to rinse your assets. According to TheNextWeb.com, security research Lukas Stefanko has recently made some rather disturbing discoveries about apps that are available for download on the play store. Most shockingly, some of the content has remained live for almost a week, before Google took action and removed such content. The report highlights that one example of a malicious app, designed to mimic MyEtherWallet managed to receive almost 500 downloads before the app was taken down. This specifi...

Lightning Networks Wallet May Bring More Customers To Bitcoin

Yesterday, (4th of April) the Lightning Networks new Wallet, designed in the shadow of ACINQ’s Éclair Wallet launched on the Google Play Store. As we know, the Lightning Network won’t be able to advertise the new wallet on the Play Store any more, so I guess we are doing them a favour with this article. ACINQ tweeted the news of the launch yesterday evening- Eclair Wallet, our ⚡️ Lightning wallet for Android, is now available on Google Play: https://t.co/nBnW9hnHY7 Source code is on github: https://t.co/G7kMYoXO5W — ACINQ (@acinq_co) April 4, 2018 According to the comments, it is compatible for use with Android 5.0 and above but, as the source code for the app is in Java, it is unlikely a similar launch will happen on the iOS platform any time soon. According to Bitcoinist: “The Eclair Wal...

Bancor’s New Wallet To Provide Cryptocurrency Conversion To The Masses

The Bancor network is an open source platform for cryptocurrency conversion. The main website is a hub for trends and market information and provides an easy method for converting values between cryptocurrencies at live trading rates. Their latest venture integrates this conversion system into a cryptocurrency wallet, that offers users instant coin conversion. The wallet, called Bancor Wallet, already has the capacity for conversion between 70 tokens, with more being added to the wallet daily. The Bancor Wallet takes the form of a mobile phone wallet. The advantages of this are clear, by offering instant conversion the need to do further research on market trends is somewhat eliminated. By trading within the Bancor Wallet, you can see first hand how much profit you might be able to make fr...

New Treasure Found In Historic Swiss Goldmines

Switzerland, famous for a number of the finer things in life, from its cheese to its chocolate, its mountains to its lakes. Historically, this alpine territory was once a centre for mining gold. The precious metal was once rife through the alps, giving local alpine villages like Gondo a thriving mining industry. Mineral excavations in Europe eventually died down, leaving towns and villages all over the continent without work. Let’s face it, the industry was dangerous, and supplies became limited, mining in Europe was never a permanent solution. Well, that’s until cryptocurrency got involved. Gondo, like a phoenix from the ashes has risen up to a brand-new kind of mining. It’s slowly becoming the epicentre for the Alpine cryptocurrency mining industry. Of late, Gondo had become something of...

Bitcoin Keys Could Be Written Into Your DNA Sooner Than You Think

It’s one thing using your fingerprint to open your smartphone or laptop. Using a retinal eye scan to verify your passport might even be a step further. How does your Bitcoin wallet written into your DNA sound, perhaps a step too far? Ok so changing your genetic code to securely store your Bitcoin collection might sound like something from a dystopian future, maybe a spin off to The Incredible Hulk, but in theory, it is something that could provide a solution to those who are worried about their collection being hacked, or those who worry about their wallets being stolen. Well, there are visionaries that want to see this sort of technology developed, and it isn’t all entirely impossible, there are areas of DNA that can be used for code storage, it just takes a bit of a genius to work out ho...

Every Phone Needs An SPV Wallet

Andrew Stone, the lead developer at Bitcoin Unlimited has spoken out about the importance of SPV wallets on phones at the recent Satoshi’s Vision Conference. Bitcoin Cash adoption is at the top of Stone’s agenda and he believes that as a developer for Bitcoin Unlimited, his and his colleagues goals should be focused on just that, getting Bitcoin Cash into the mainstream. This is because of a number of factors, firstly Bitcoin Cash has the blockchain capacity to create and maintain its own network. Stone believes that there’s no time like the present and that the present is here so it’s time to get it done. Stone also believes that new developments can counter the anti-cryptocurrency propaganda that is being replicated at a governmental level. Mostly however, Stone argues that creativity an...

Three Options To Store Your Cardano [ADA]

For those well-versed in the world of cryptocurrencies, ADA (a currency run by the Cardano platform), is an exciting one to watch for the time being. Although it is quickly becoming a popular option for many looking to invest, the options for storing ADA are limited, particularly as there is only one working wallet for Cardano at present. The following three wallet options may provide some useful guidance to those new to the world of Cardano: Exchange wallets First of all, it is important to point out that no one should store large amounts of cryptocurrency in an exchange wallet. For now, however, it is certainly the most convenient option for Cardano, and is a perfectly reasonable option for people who hold small amounts of the currency. If you are looking to store your ADA in an exchange...

Decentralized Ledger Systems: A New Age Of Record Keeping

Ledgers and records of transactions have existed for thousands of years. These ledgers helped individuals, businesses and governments identify who owned what property and title claims. The validity of the transactions was authenticated by a centralized government regulatory authority, like the registrar’s office. While this model of centralized record keeping had proven useful, it had also been noted to be incredibly slow and time consuming. Digital Ledgers With the coming of computers, ledgers started becoming digitized. The private sector led the way, with their innovative online record keeping platforms. Government agencies around the world tried to catch up as they started to adapt the system as well. This greatly enhanced the speed of transaction processing. Computer-based databases c...