Four Fake Cryptocurrency Wallets Found on Google Play Store

Malware researcher Lukas Stefanko has found four fake cryptocurrency wallets on the Google Play Store that were trying to steal users’ personal data, according to a blog post published Nov. 13. The apps were posing as cryptocurrency wallets for NEO, Tether and an extension for accessing Ethereum (ETH), MetaMask. They were purportedly designed to phish users’ mobile banking credentials and credit card information. Stefanko classified the wallets into two groups, wherein the fake MetaMask app was a “phishing wallet” and the other three apps were “fake wallets.” Once the phishing…

Bitcoin (BTC) Crash! Price Plummets to One-Year Low as Cryptocurrency Market Sees Red

Bitcoin (BTC) fell by more than 11 percent on Wednesday to reach its lowest level since October 2017. This sudden fall comes after months of contracting volatility leading to a prolonged period of sideways trading and stability. Presently, numerous theories are circulating as to why the top-ranked cryptocurrency has taken such a nosedive. Bitcoin “Death Candle” Looking at the chart below, one can easily make out the massive “death candle” that took the price of Bitcoin all the way down to $5,600. This is the second time that the top-ranked…

Cryptocurrency Exchange Bithumb to Give Away Bitcoin, Ether, and XRP in Airdrop Event

Bithumb, one of the biggest cryptocurrency exchanges in South East Asia and Korea in particular, has announced a ‘Super Airdrop Festival’ that any registered trader can participate in. In a Twitter post published November 12, 2018, the company said that the highlight of the event is a giveaway involving 15 BTC. This will be given to a random Bithumb member that logs in between November 12, 2018, and December 11, 2018.  Bithumb’s Super Airdrop Festival The accompanying article explained that BTC worth 100 million Won would be given to a…

IMF Vows to Continue ‘Devoting Attention’ to Blockchain, Cryptocurrency in Fintech Drive

The International Monetary Fund (IMF) said it plans to use its ongoing research and experimentation with blockchain as an “anchor” for its future policy on the technology in comments Nov. 12. Speaking on a panel with Ripple CEO Brad Garlinghouse during the Singapore Fintech Festival 2018, IMF Deputy General Counsel Ross Leckow highlighted three areas the organization has been “active” in regarding blockchain, cryptocurrency and more. “The IMF is devoting a lot of attention to fintech and in particular to blockchain,” he told the audience, continuing: “But we think that…

End Of Era For South Korea’s Exchange And First Ever Platform For Cryptocurrency Investment Fund Zeniex

South Korea’s cryptocurrency exchange platform Zeniex has succumbed to a government crackdown on unauthorized operators. The platform in an official announcement made on November 11 revealed plans to shut down all its operations on November 23. Zeniex, in partnership with a Chinese entity, opened in May 2018. The firm became the first platform to offer a cryptocurrency investment fund, the ZXG Crypto Fund, in South Korea. Unfortunately the crypto investment fund service ran into complications with regulators almost immediately. The offering attracted scrutiny from the FSC for allegedly failing to register…

Canadian Bank Opens Deposit Box for Cryptocurrency Firms

A Canadian bank says its digital safety deposit box is ready for prime time. VersaBank announced Thursday that its new VersaVault project had successfully completed beta testing. The digital-only bank plans to offer the virtual lockbox to cryptocurrency exchanges and crypto investment funds to store digital assets. VersaBank Director of Investor Relations Wade MacBain told CoinDesk that the bank has already received over 200 inquiries about VersaVault. In a statement, VersaBank CEO David Taylor added: “While many are considering ideas and plans for a digital safety deposit box, we have designed…

Millennials don’t give away their cryptocurrency

Millennials have their own thoughts on investing, and a large part of the cohort are still interested in bitcoin. These young people, many of whom have soured on conventional investing, are becoming increasingly interested in cryptocurrency, according to a new study. About 25 percent of those recently surveyed said they are using or holding cryptocurrency, which was born about a decade ago. And another 30 percent of millennials said that they want to investigate it further. “Anyone that has crypto tells me they wish they bought it sooner,” according to…

Cryptocurrency Exchange Giant Binance Launches Research Division

Twitter Facebook LinkedIn Binance announced around midnight Chinese time yesterday that it is branching beyond being an enterprise-quality consumer token exchange with the launch of Binance Research, an investigative subproject which relays in-depth, objective information on upcoming tokens – presumably, tokens listed on the exchange. Binance Research is a new pillar of the Binance ecosystem, focused on the creation of institutional-grade research reports with the aim of increasing transparency and improving the quality of information available within the crypto space. The two reports already posted are rather in-depth and, as…

Canadian Bank Set to Launch Uncheckable ‘Deposit Box’ for Cryptocurrency

A subsidiary of Canadian financial institution VersaBank confirmed it had finished beta testing of a “digital vault” for storing cryptocurrency in a press release Nov. 8. VersaVault, which announced its so-called “digital safety deposit box” in February, is aiming to attract crypto exchanges and funds as clients for the new tool. The product provides cryptocurrency storage on servers dotted throughout the world, the deposit box element lying in the fact the bank itself can neither brute force the digital ‘boxes’ nor know their contents. “While many are considering ideas and…

EToro Rolls Out Cryptocurrency Wallet

Israeli social trading and investing platform eToro rolled out its own cryptocurrency wallet, to be launched in a phased manner, on the basis of user, country and functionality. The wallet is provided by eToro’s Gibralter-based subsidiary eToro X Ltd. The wallet, available for download on Google Play and the Apple App Store, provides a customer interface which claims to show on-blockchain transactions and balances without losing users’ private key. The transfer of crypto assets from eToro to the wallet will initially be available only to the Platinum Club member users…