In the world of cryptocurrency, a lot of people have had some sort of experience with the Electrum wallet. It is a convenient solution which works well on most devices. Unfortunately, it seems a major flaw was discovered in the Electrum wallet software which could expose funds to malicious entities. This seemingly also affects all “copied” versions of Electrum, which has put a lot of funds at risk all of a sudden. Electrum bug could Become a Major Problem It is not the first time a popular cryptocurrency wallet has suffered from a bug that could potentially cost users millions of dollars.Powered by WPeMatico
If there is one trend that became evident in the year 2017, it is how some early adopters have dropped support for Bitcoin. More specifically, a lack of interest and high transaction costs have made dealing in Bitcoin unappealing for most retailers. Microsoft is perhaps the biggest company to have rethought its support for Bitcoin recently, even though it always offered it in very limited fashion. Surprisingly, the company no longer counts Bitcoin among its “active payment instruments”. Microsoft Shows Little Love for Bitcoin It is evident Bitcoin is not in the best of places right now. More specifically, the currency has become increasingly difficult to use.
Litigation has been filed in an Indian High Court by a public prosecutor of cybercrime cases. Claiming that cryptocurrencies facilitate crime, he calls for their immediate ban or regulation. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Litigation Seeks Immediate Intervention A public interest litigation (PIL) was filed with the […]
The development team behind Thrive, a decentralized Blockchain-based ad marketplace, is planning to compete against dominant service providers within the global advertising industry like Google AdSense/AdWords by automating the complex process of advertising revenue distribution. Disclosure: This is a Sponsored Article Often, revenue shares, advertisement margins, and rates (CPM, CTC, etc.) are not transparently provided to content creators as accessible data. Consequently, it has become significantly difficult for content creators, whose livelihood depend on advertisement revenue, to plan ahead potential revenues and profits to finance their operations and daily activities. Through the usage of blockchain technology, the Thrive platform is
All of the turmoil taking place in the cryptocurrency world right now is throwing a lot of people for a loop. All prices seem off right now, but that is only to be expected at this point in time. The XRP price has taken some big hits in the past 24 hours, even though very little has changed in reality. More specifically, the XRP price still hovers near the $2.5 mark, as it has done across Western exchanges for the past week or so. XRP Price is Still in a Good Place Although the numbers on Coinmarketcap may tell a
The South Korean government has announced that some taxes can be applied to cryptocurrencies under the current law, which will be finalized in the first half of this year. Other taxes are also being considered but some are not easily implemented under the current tax system. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, […]
Most cryptocurrency enthusiasts are well aware of how the prices on Coinmarketcap look skewed. This is mainly because they continue to factor in the Korean prices for the global average. Although that is only normal, it also makes the markets look a lot healthier than they really are. As a result, the platform is now no longer including the Korean prices for all currencies. The trading volume still counts though, which is only normal. Coinmarketcap Makes a Much Needed Change For the past few months, all cryptocurrencies have seen their market caps go up quite spectacularly. In a lot of
The past 24 hours have been rather eventful for all cryptocurrencies. With Coinmarketcap no longer taken the Korean prices into account, all currencies are slowly losing momentum. In the case of the Ethereum price, things are still going according to plan. Thanks to some solid gains in both USD and BTC value, Ethereum now reclaims the second spot of cryptocurrencies ranked by market cap. Ethereum Price is Doing Just Fine It is evident the removal of Korean prices makes all cryptocurrencies look bad right now. While some coins still go up in value, it is evident most of them will
If the collection of endless memes created on your favorite social media sites could be condensed into a mascot for a new crypto-currency, what would it look like? Those of you in-the-know already see where I’m going with this. Yes, you would condense those memes into the face of a Shiba Inu). The creators of one of the most popular crypto-currencies available saw the obvious potential of cross-pollinating this ultimate symbol of the internet (the Shiba Inu) and our favorite topic of the day, crypto-currency. And in order to solidify their creation’s place in history as the ultimate crypto-meme, the creators of
Most people are well aware of how the majority of Bitcoin mining takes place in China. Not only is this a centralization problem, it also means China is still dictating the Bitcoin landscape to a certain extent. Last week, news broke that the Chinese government was cracking down on Bitcoin mining. It seems a portion of that information was vastly overstated, even though mining business operators were asked to exit the industry in an orderly fashion. The Future of Bitcoin Mining in China It was only a matter of time before the Chinese government turned its attention to other parts of the cryptocurrency industry which