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The research arm of cryptocurrency trading platform BitMEX has announced that it will launch its own Bitcoin software client to compete with reference implementation and industry standard Bitcoin Core. Unveiled this week in a lengthy post discussing the merits of competing software clients, BitMEX Research said that it chose to release its own BTC client
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GMO Internet, Inc., a Japanese tech giant focused on finance, media and now cryptocurrency, announced this week that it has expanded its crypto mining business beyond ASIC miners for Bitcoin to launch a free-to-use software for mining privacy coin Zcash (ZEC) with Nvidia-based rigs. According to the announcement, the software is specifically designed for Nvidia […]
Japanese tech firm GMO is expanding its nascent cryptocurrency mining operation beyond bitcoin through the release of a software client designed to mine zcash and other Equihash-based cryptocurrencies using general-purpose GPU chips. Japanese Firm Releases Zcash Mining Software Dubbed Cryptoknocker, the software has specifically been developed for mining rigs composed of Nvidia graphics cards (GeForce
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WeWork, a shared workspace company that has continuously ridden the line between tech and real estate, is about to begin selling its first software product. The company recently announced that it will acquire Teem, a Salt Lake City-based office management software startup for $ 100 million, according to two sources provided to Wired. The six-year-old company […]
Mainstream adoption of decentralized applications (dapps) remains elusive. Most projects are still in their infancy stages and those finding early success are still mostly related to cryptocurrencies. With the exception of games like CryptoKitties, the top Ethereum dapps are still focused on crypto trading with the likes of IDEX and ForkDelta taking up the bulk of the transactions on the network.
This is partly because of how entrenched the popular conventional apps are in users’ routines.
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Cryptocurrencies are continuing to break new grounds within traditional finances. An increasing number of major firms continue to explore digital currency investment software.
E&Y’s Foray Into Cryptocurrencies
Ernst & Young has acquired a software developed by a Silicon Valley-based startup called Elevated Consciousness in order to manage investments executed in cryptocurrencies.
The software in question is called Crypto-Asset Accounting and Tax (CAAT). It was bought by Ernst & Young’s Americas Tax Innovation Foundry with the intention to facilitate their clients in investing in crypto assets. Speaking on the matter, Michael Meisler, a partner at the company said:
New academic research released by RWTH Aachen University has discovered that cryptocurrency miner CoinHive is very profitable. In fact, it’s generating over $ 250,000 worth of Monero profit every month by hi-jacking internet users’ CPUs. One of the users could have easily been you.
The research itself provides a broad overview of browser-mining activity across the Web. It reveals that Monero accounts for 75 percent of all browser-based cryptocurrency mining. The organization CoinHive is behind most of it. Thus, it is no wonder that security and investigation reporter Brain Krebs warns readers by claiming:
Multiple security firms recently identified cryptocurrency mining service Coinhive as the top malicious threat to Web users.
In a collaborative effort to test the Brave platform and its digital advertising token, the Basic Attention Token (BAT), the Dow Jones Media Group has joined up with the Brave Software team.
On April 18, 2018, the two organizations announced that they will experiment with blockchain technology in the realm of digital advertising and media publication. This entails testing the Brave browser’s digital advertising platform and its native currency, BAT, across the Dow Jones Media Group’s brands, which includes Barron’s, the Wall Street Journal and MarketWatch.
The post Samourai Bitcoin Wallet Review: A Software Wallet that’s Focused on Privacy appeared first on 99 Bitcoins.
Looking for a good Bitcoin wallet for your phone? I was too, before my recent overseas trip to 99Bitcoins’ headquarters. (Each of us works from a different country.) I needed a secure, reliable wallet—ideally one with an effective stealth mode, which would keep my bitcoins hidden from prying border guards and sneaky pickpockets. True to […]
The number of websites sneaking in malware to mine cryptocurrencies such as Monero has grown by over 700% in recent months. Have you been affected?
Exponential Increase in Web Miners
This unprecedented rise seen recently in the cryptocurrency market has not come with its fair share of problems and controversy. It makes sense that in an emerging market that people will try to take advantage of newly emerging markets to turn a profit.
Whether this is with or without malicious intent, emerging markets always experience similar scenarios. In the case of cryptocurrencies, this has partially taken form in a vast amount of scams and malicious hacks and breaches.
An anonymous user on Pastebin has provided evidence that some wallet software may be generating private keys that can be easily discoverable, and therefore easy to take any bitcoins associated with that address. There has been no word on what wallet software is possibly affected, nor if this is a malicious act or a simple coding error.
TL;DR – Scroll to the last subsection
What is a Private Key?
I’m going to give a little bit of background and explain some terminology for those who don’t know how bitcoin works under the hood. The first thing is a private key. If you think of your bitcoin wallet address as a lock, the private key is the key used to unlock it and spend the funds inside.