Month: August 2018

Firefox to Block Cryptojacking Malware in New Browser Releases

Firefox to Block Cryptojacking Malware in New Browser Releases

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Firefox will block cryptojacking malware in future versions of its web browser, according to an announcement August 30.The move comes as part of an anti-tracking initiative expected to be implemented over the next few months. In the announcement, Firefox cites a study by browser extension Ghostery, stating that 55.4 percent of the total time required to load an average website is spent loading third party trackers.Future versions of Firefox will reportedly block such practices as cryptomining scripts that “silently mine cryptocurrencies” on users’ devices by default. By blocking tracking and offering a “clear set of controls,” Firefox is looking to provide its users more choice over what data they share with websites.Back in 2016, Mozilla, the company behind Firefox browser, implemented pr
Reserve Bank of India Reconsiders Its Ban on Bitcoin Trading

Reserve Bank of India Reconsiders Its Ban on Bitcoin Trading

BITCOIN
Indian government officials have traditionally taken a contrarian stance toward cryptocurrencies. Bitcoin is often scrutinized rather than appreciated. The Reserve Bank of India prohibited the trading of cryptocurrencies earlier this year, but now it seems that the bank may come back on its initial stance.Reserve Bank of India Policy Reversal?It is uncommon for banks to turn on their initial decisions involving Bitcoin. Numerous institutions prevent clients from buying or trading cryptocurrencies these days. The Reserve Bank of India is no exception in this regard. A blanket ban on fiat currency-Bitcoin trading has been in effect for several months. The decision forces exchanges to embrace new business models and seek out different markets.In a communique issued by the bank, one notable po
Bitfi Closes Wallet Bounty Program, Removes ‘Unhackable’ From Branding

Bitfi Closes Wallet Bounty Program, Removes ‘Unhackable’ From Branding

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Cryptocurrency hardware wallet manufacturer Bitfi has officially closed its bounty program, according to an August 30 tweet, in addition to removing the “unhackable” claim from the wallet’s marketing materials.In its statement, the company admitted "vulnerabilities," and yet avoided speaking about multiple alleged hacks of the device. Bitfi also confessed to hiring a "Security Manager who is confirming vulnerabilities that have been identified by researchers."The company expressed appreciation for "the work and effort of the researches," stating that the bug bounty program was officially closed. Any further comments on remuneration and the project's roadmap are postponed until early September. Bitfi officials remained silent about the $100,000 reward they announced in July.The recent Bitfi
Self-Proclaimed Bitcoin Creator Craig Wright Sparks Controversy After Getting His Math Wrong

Self-Proclaimed Bitcoin Creator Craig Wright Sparks Controversy After Getting His Math Wrong

BITCOIN, BITCOIN CASH, BLOCKCHAIN, BTC MANAGER
Craig Wright, the Australian computer scientists and self-proclaimed creator of Bitcoin, has landed in a new controversy after tweeting August 28, that miners who can’t mine blocks of 32MB deserve to go bankrupt. Expectedly, a war of words soon broke out on the microblogging platform with many pointing out that Wright got his math completely wrong when he claimed that even an old 56kbps modem could download 32MB blocks in less than ten minutes. While Wright reiterated his claim is saying there’s nothing wrong with his calculation, it looks like his numbers are way off the mark. How Long Does a 56 kbps Modem Take to Download 32MB That’s the most crucial point in this controversy that had many crypto enthusiasts all worked up. A bit of a background first: Wright mentioned in his tweet that
Artwork Fit for the Rich and Famous Sold for Cryptocurrency

Artwork Fit for the Rich and Famous Sold for Cryptocurrency

NEWSBTC
An artist who has sold pieces to Hollywood A-listers, rock stars, and professional athletes recently sold an entire collection of his work for cryptocurrency. Lincoln Townley is is disrupting the world of art sales with his unorthodox methods of exhibition, as well as the payment methods he accepts.Artist Embraces Technology to Shake Up the World of Fine ArtLincoln Townley is a London and LA-based artist. His high-profile collectors include the likes of Michael Caine, Al Pacino, Sting, and Ronaldinho. Townley is keen to disrupt the way art is auctioned. Not only does he accept payments in digital currencies, he also conducts his sales digitally.Townley is not one for the traditional auction houses and galleries usually favoured by artists looking to monetise their work. Instead, he prefers...
Former Ripple CTO’s Blockchain Project Coil Enters Closed Beta

Former Ripple CTO’s Blockchain Project Coil Enters Closed Beta

Coin Desk, RIPPLE
"Coil, a new company founded by Ripple's former chief technology officer Stefan Thomas, has launched a closed beta. The project – which aims to allow web content creators to better monetize their work – was announced in May, when Thomas departed Ripple. In an interview, Thomas detailed the closed beta, describing the initiative as a way to level the playing field for content creators. "If you're big you can have a subscription service like Netflix or Spotify. If you're big you can collect enough data about people to make a lot of money with ads like Facebook or Google," he said, going on to add: "If you're small it's actually very hard right now to make money on the web." Coil has not announced the beta publicly, Thomas said, though it has begun inviting certain select parties (those int
PwC Blockchain Survey Shows Increasing Corporate Acceptance Despite Trust Issues

PwC Blockchain Survey Shows Increasing Corporate Acceptance Despite Trust Issues

BITCOIN, BLOCKCHAIN
A new blockchain survey by PricewaterhouseCoopers shows increasing acceptance by companies, but there are issues with trust.Over the last few years, many financial institutions threw a lot of shade at cryptocurrency. They called Bitcoin a scam, and the entire cryptocurrency ecosystem a bubble waiting to happen. However, their disdain for BTC did not carry over to its underlying blockchain technology. A new survey by PricewaterhouseCoopers shows an increasing number of companies are accepting blockchain technology, but not everything is coming up roses.Survey Says…PricewaterhouseCoopers (PwC) surveyed 600 business executives who hold technology responsibilities where they work. The executives were spread across 15 regions, and 31 percent of them work in an organization that generates an ann
Dash CEO: Financial Institutions Must Move Cautiously Despite Crypto Potential

Dash CEO: Financial Institutions Must Move Cautiously Despite Crypto Potential

NEWSBTC
The CEO of Dash Core Group has said that despite the potential of cryptocurrencies, larger financial institutions must move cautiously.Moving with the Times, but Caution is Still NeededFor years, the crypto industry has continually worked at attracting institutional investors to the market. It hasn’t been easy though. A lack of trusted custodians, in addition to warnings from the U.S. Securities and Exchange Commission (SEC) has created a barrier to entry.However, a shift is starting to take shape. Now there are more instances of former bankers joining the crypto space while big banks are announcing new hires and services indicating they are opening doors to cryptocurrencies and blockchain technology.Despite steps being made by banks, for many forward-thinking finance executives the transi
BitAngels’ Michael Terpin: Negligence of Major Phone Companies Is Crypto’s Biggest Threat

BitAngels’ Michael Terpin: Negligence of Major Phone Companies Is Crypto’s Biggest Threat

COINTELEGRAPH, CRYPTOCURRENCY
This interview has been edited and condensed.Michael Terpin is an American blockchain and crypto investor who has worked with over 100 projects running Initial Coin Offerings (ICOs) since entering the blockchain space in early 2013.Terpin co-founded  BitAngels in 2013 and, more recently, founded blockchain PR firm Transform Group. The investor and entrepreneur recently hit mainstream and crypto media headlines following his high profile case against U.S. telecom giant AT&T. Terpin is suing AT&T for negligence that allegedly resulted in the theft of over $24 million of Terpin’s crypto holdings.Cointelegraph sat down with Terpin at BlockShow Americas in Las Vegas to get into the details of the case, discuss the current ICO landscape, the difference between centralized and decentraliz
China: Blockchain Technology Powers a new Ride-Hailing App

China: Blockchain Technology Powers a new Ride-Hailing App

BLOCKCHAIN, BTC MANAGER
In late August 2018, Andy Chen announced the creation of VV Go a blockchain based app which aims to boost rider safety and driver income in China’s emerging ride-hailing market. Andy Chen Weixing, the founder of Kuaidi Dache, was pushed out of China’s ride-hailing market in 2015. The company merged with a competitor ending in a price war with a more extensive service provider called Didi Chuxing. However, Didi Chuxing is currently struggling with bad publicity as a second passenger was killed in three months. The company chalked these deaths up to a lack of oversight because of its quick expansion. Weixing decided to re-enter the marketplace to take market share from Didi Chuxing. The app VV Go hopes to improve the income of drivers as well as passenger safety by leveraging the power of bl