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Shopin — a universal shopper profile that delivers personal shopping experiences through retailers’ apps, websites and stores — says one of its token distributors has been hacked and roughly $ 10 million in a variety of cryptocurrencies has been stolen.
Representatives of the platform have released the following statement:
“On Wednesday, May 30, 2018, Shopin distributed tokens to one of its leading partners in Japan, who runs a large Japanese syndicate. A few day later, her wallet was hacked, as she was not storing it in cold storage or in a hardware wallet. This is a very sad moment; the Shopin team has a lot of empathy for the situation and the wonderful Japanese people who have participated. We are investigating what can be done to help with the situation.”
In a recent interview, Ben He, the founder of major Chinese Ethereum wallet provider, Imtoken, discussed his company’s growth. $ 35 billion worth of crypto assets are currently held in Imtoken wallets – including funds owned by major cryptocurrency companies such as Coinbase. Imtoken also recently announced that it has received $ 10 million USD from IDG Capital, and will soon integrate support for BTC.
UK-based trading platform eToro has announced it will launch an international cryptocurrency exchange and mobile wallet, debuting in the US for the first time.
$ 100M Series E Funds Put To Work
As part of a keynote speech at the Consensus 2018 conference in New York which finished May 16, eToro CEO Yoni Assia confirmed the move, which will provide US traders with ten cryptocurrency pairs.
“U.S. crypto holders have a strong appetite for diversified portfolios,” he said quoted in an accompanying press release.
Abra, an all-in-one cryptocurrency wallet and exchange, has announced the addition of five new additional cryptocurrencies to its platform, enabling users to buy, sell, hold and invest across 25 cryptocurrencies and 50 fiat currencies. Abra, which recently launched its redesigned app, lets users exchange across any currency with no deposit or exchange transaction fees, at any time.
Monero [XMR], NEM [XEM], NEO [NEO], Lisk [LSK] and Verge [XVG] will be available on the Abra app in addition to Bitcoin [BTC], Bitcoin Cash [BCH], Dash [DASH], Dogecoin [DOGE], Ethereum [ETH], Ethereum Classic [ETC], Golem [GNT], Litecoin [LTC], OmiseGO [OMG], Qtum [QTUM], Ripple [XRP], Vertcoin [VTC] Zcash [ZEC], Bitcoin Gold [BTG], Stellar Lumens [XLM], DigiByte [DGB], Augur [REP], Status [SNT], Stratis [STRAT] and 0x [ZRX].
Last fall, the company Blockstack launched a Signature Bounties campaign in order to offer rewards for individuals and teams to build decentralized platforms. So far the campaign has helped produce popular apps like the messaging app ‘Stealthy,’ and ‘Graphite’ documents platform. Now Blockstack has announced it is partnering with the peer-to-peer exchange Shapeshift to offer a $ 50K bounty to a developer who can build a universal wallet application.
Over the years, there have been numerous incidents in which cryptocurrency enthusiasts lost access to their funds. Hacks, thefts, and throwing away a hard drive without a private key backup are all pretty common topics of conversation. In Switzerland, one enthusiast lost his shopping bag which contained his Ledger hardware wallet. That was a bad thing, as it seems highly unlikely this item will be returned to him.
In the latest installment of its Signature Bounties campaign, Blockstack has partnered with ShapeShift to challenge developers to create a universal wallet. The contest, which began this morning, April 25, 2018, at 9:00 a.m. EST, will run until 11:59 p.m. on June 25, 2018. The winning project will be announced on June 29, 2018, and awarded $ 50,000.
“We’re really thrilled to be able to partner with ShapeShift for this bounty and to build on the success of the bounty program so far. This is something that speaks directly to the crypto community, who inherently understand the motivations behind decentralized applications,” Xan Ditkoff, a Growth Partner at Blockstack, told Bitcoin Magazine.
MyEtherWallet, a popular web-based wallet for storing and transmitting the cryptocurrency ether (ETH), suffered a DNS attack that rerouted unsuspecting users to a Russian scam site into which some victims fed their login credentials.
An invalid SSL connection certificate warned users before entering the phony site but some bypassed the warning, resulting in a loss of funds. MyEtherWallet confirmed the attack in a statement on April 24, 2018.
Hackers did not actually hack the MyEtherWallet platform itself but went after vulnerabilities in public-facing DNS servers instead. MyEtherWallet recommends users switch to Cloudflare DNS servers for the time being.
The post BTC.com Wallet Review – Is this HD Hybrid Wallet Safe to Use? appeared first on 99 Bitcoins.
BTC.com is an open-source Bitcoin (BTC) and Bitcoin Cash (BCH) web and mobile wallet and also a block explorer. Created by Bitmain in 2016, it allows users to store, send and receive Bitcoin and Bitcoin Cash on the web or on their Android or iOS devices. There is a clear emphasis on simplicity and security […]