Crypto News 

The cryptocurrency wallet evolution

“In the same way that cryptocurrency is more or less the digital equivalent of cash, a cryptocurrency wallet is, in a sense, the digital place you stash it” writes Orasaifu Team for venturebeat.com. There are three cryptocurrency wallet types on the current market: hardware wallets, software wallets, and paper wallets.Each of the types of cryptocurrency wallet varies in terms of its safety and security and how convenient they actually are to access and use.But unlike a physical wallet, cryptocurrency isn’t stored literally; what they do is secure your private key…

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I Hope Your Wallet is Cute, Because Clear Bags are Suddenly Everywhere

“Either way, the trend is clearly (sorry) gaining ground, with indie designers and big bag brands alike sending bags that are at least partially clear to retailers for fall” writes Amanda Mull for purseblog.com. This was several months ago, and her obsession was a problem because the bag was sold out—always an indication that something is afoot in the bag world, where most things are abundant and available from many sources.For Spring 2018, Chanel put approximately one million transparent PVC bags on the runway, which is either the harbinger of…

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Crypto News 

Kairos wants to stop cryptocurrency theft with facial recognition software

“Facial recognition company Kairos today announced the alpha release of the Kairos Protocol, a biometrics verification system for cryptocurrency transactions to verify the person connected to a wallet and prevent theft through blockchain transactions” writes Khari Johnson for venturebeat.com. Security technology designed to prevent the theft of cryptocurrency also includes the likes of Metacert, a bot for apps like Slack and Telegram made to identify phishing scams during ICOs. The protocol will be open-sourced, and transactions can either verify an individual’s identity or allow a person associated with a specific wallet…

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HOLD ON TO YOUR WALLET: Trump’s trade war with China is about to start hitting the goods you buy most

“The list, released Tuesday, could add 10% duties on consumer goods including TVs, leather handbags, buttons, and basic groceries” writes Bob Bryan for businessinsider.my. Trump’s tariffs on Chinese goods have so far mostly spared US consumers, focusing instead on industrial materials such as bulldozers or large factory equipment.President Donald Trump’s escalating trade war with China could very quickly get very real for millions of Americans.Deutsche Bank’s chief China economist, Zhiwei Zhang, said there were “many other trading partners that US can switch to” for a good portion of the items…

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Crypto News 

Robinhood Adds Support for Litecoin and Bitcoin Cash

“Robinhood, the popular commission-free trading app, announced today that it now supports the buying and selling of Litecoin (LTC) and Bitcoin Cash (BCH)” reports sludgefeed.com. The new additions will join Bitcoin (BTC) and Ethereum (ETH) as available trading options for Robinhood investors.According to the announcement, the decision was made after feedback from Robinhood users who wanted more expansive trading options.Investors may also monitor the price action of notable digital currencies in the Robinhood app, including Ripple (XRP), Ethereum Classic (ETC), Zcash (ZEC), Monero (XMR), Dash (DASH), Stellar (XLM), Qtum (QTUM),…

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Crypto News 

You Can Now Trade Litecoin and Bitcoin Cash on Robinhood Crypto

“You can currently trade Bitcoin, Ethereum, Litecoin, and Bitcoin Cash” reports techcrunch.com. Users in selected states can now trade Litecoin and Bitcoin Cash from the app.Given the liquidity of cryptocurrency exchanges, there’s always some spread.Unfortunately, Robinhood doesn’t let you manage your wallet addresses.First, Robinhood is only available in the U.S. if you want to trade stocks, ETFs and options. Source: techcrunch.com Share This:

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Crypto News 

20% of All BTC is Lost, Unrecoverable, Study Shows

“However, the misplacement and potential loss of 20% of all BTC tokens should have little effect on the broader cryptocurrency industry” writes Nathan Reiff for investopedia.com. This downside to the security of BTC has given rise to a cottage industry of wallet hunters who aim to help investors recover lost funds.A new report from the Wall Street Journal suggests that bitcoin users have misplaced about 20% of all existing tokens.These wallet hunters typically charge a fee of anywhere from 5% to 40% of funds recovered, and they make use of various…

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Crypto News 

Security breach leads to $13M worth of crypto losses for Bancor exchange

“Decentralized cryptocurrency exchange Bancor has reported a security breach that resulted in the loss of an estimated $13.5 million worth of cryptocurrencies” writes Erik Gibbs for coingeek.com. On Monday, the exchange tweeted that it “experienced a security breach,” although “no user wallets were compromised.” A short time later, Bancor issued a statement, detailing the breach.However, Bancor admitted that it’s “not possible to freeze ETH or any other stolen tokens.” The exchange said it’s working with other exchanges to trace the missing funds.In addition to the ETH coins, the wallet also…

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Bancor loses $12.5M worth of Ethereum to cyber baddies in overnight raid

“No word as to whether an official wallet played a role in the hack, as Bancor are yet to provide updates of their investigation” writes July Utc for thenextweb.com. Initially described as a “security breach,” Bancor eventually revealed the hackers exploited a compromised wallet, inserting malicious code in certain smart contracts which “allowed the withdrawal of almost 25,000 Ethereum tokens (approximately $12.5 million).Bancor claims that no user wallets have been compromised, but have been consistently offline since retreating into maintenance mode this morning.Some plucky investigators have tracked down the exact…

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