Crypto News 

Storing Your Crypto: 3 Tips to Make Sure Your Crypto Assets are Secure

“Over the last couple of weeks, the world has watched as the QuadrigaCX crypto exchange unfolded” reports livebitcoinnews.com. Keeping your crypto in an exchange wallet defeats the entire purpose of a decentralized system.Long story short, the exchange lost access to the majority of its assets in cold storage after the founder died unexpectedly. Source: livebitcoinnews.com

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Major Canadian Exchange Coinsquare Acquires Zero-Fee Payment Network StellarX

“Major Canadian crypto exchange Coinsquare has acquired StellarX, a Stellar (XLM)-based zero-fee decentralized payment network, according to a press release published on Feb. 14” writes Helen Partz for cointelegraph.com. The new acquisition has followed Coinsquare’s recent purchase of private Stellar wallet BlockEQ in December 2018, the press release notes. Source: cointelegraph.com

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MyEtherWallet Teams Up With Large Exchange to Offer Better Rates on Dozens of Coins

“This feature opens the door to more than 100 cryptocurrencies and helps achieve better exchange rates during conversions” writes Connor Blenkinsop for cointelegraph.com. A crypto wallet has relaunched its product and signed a partnership with a well-known exchange — delivering new features to its users in the process.A “newly reinvented wallet interface” is home to a revamped swap page, where users can access better deals when exchanging their crypto assets.This is achievable because data never leaves a user’s computer or browser, and funds are never held by the platform. Source: cointelegraph.com

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Crypto News 

Coinbase Wallet Adds Cloud Backup Support for Private Keys

“Coinbase Wallet now allows its users to take backup of their wallet accounts on iCloud and Google Drive, according to an official announcement on 12th February” writes Arnab Shome for financemagnates.com. Owners of ‘user-controlled wallets’ like Coinbase Wallet sometimes lose their devices or fail to backup their 12-word recovery phrase in a safe place, thus losing their funds forever,” Coinbase noted.Wallet users can store an encrypted copy of the recovery phrase on their cloud accounts.Earlier this month, Coinbase added BTC support to its wallet app which was only limited to…

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Crypto News 

Coinbase Wallet Users Can Back Up Encrypted Keys on Google Drive and iCloud

“In the statement, Coinbase states that allowing users to upload their keys to a cloud provides a safeguard against lost keys, will will help them avoid losing funds should the keys be misplaced” writes Aaron Wood for cointelegraph.com. Owners of ‘user-controlled wallets’ like Coinbase Wallet sometimes lose their devices or fail to backup their 12 word recovery phrase in a safe place, thus losing their funds forever.” Now, users of Coinbase Wallet can store an encrypted copy of the recovery phrase on their cloud accounts.The announcement notes: “The private keys…

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I forgot my wallet, but why aren’t mobile payments filling the gap?

“My day wasn’t unlike many of the city’s commuters’, but the infrastructure isn’t robust enough for us to rely on mobile payments alone” writes Jessica Dolcourt for cnet.com. But there was no mobile payment option at my lunch spot, a sit-down affair I had planned with a friend.When I asked if this business could accommodate mobile payments, our server shook his head.Fast-casual eateries around the Bay Area have gotten good at outfitting their point-of-sale terminals with mobile payment readers. Source: cnet.com

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Crypto News 

Crypto exchange mistakenly sends 103 bitcoin to wallet it’s locked out of

“And yet, despite knowing the company couldn’t access the cold wallets in question, QuadrigaCX still sent them a bunch of bitcoin” writes Jack Morse for mashable.com. Only $902,743 worth of cryptocurrency was being held in so-called “hot wallets” — wallets the exchange can still access — as of Feb. 5.”The Monitor is working with Management to retrieve this cryptocurrency from the various cold wallets, if possible.”. According to a preliminary report filed by Ernst and Young, which is acting as a court-appointed monitor for the company, QuadrigaCX sent a so-called…

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Crypto News 

‘The bigger mystery is why anyone trusted Quadriga in the first place’: The story of the CEO who died with the passwords to $190 million of cryptocurrency is getting stranger by the day

“The mystery surrounding the sudden death of a crypto exchange boss, who died holding the passwords to around $190 million of cryptocurrency, is getting weirder by the day” writes Trista Kelley for businessinsider.com. QuadrigaCX CEO Gerald Cotten died suddenly in India of complications related to Crohn’s disease at the age of 30, the company said earlier this month.Among a few reasons some crypto watchers are scratching their heads: But those concerns aside, there’s also the unusual way that Quadriga was run. Source: businessinsider.com

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Crypto News 

Fake MetaMask Crypto Malware Pulled From Google Play After Tipoff

“In July last year, Google developers pulled the app from Google Play altogether, leaving only fake impersonations” writes William Suberg for cointelegraph.com. Decentralized app (DApp) MetaMask is facing fresh problems from cryptocurrency scammers after malware impersonating the tool appeared on Google Play, cybersecurity company Eset reported on Feb. 8. In November, MetaMask confirmed its plans to launch a mobile app, which ended up being the target of the latest malware issue.The malware, which replaces computer clipboard information in an attempt to steal cryptocurrency, was removed by Google at the beginning of the…

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