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Coinbase-backed Startup Launches $799 Home Crypto Miner

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Crypto Miner

Until a few years ago, you could mine Bitcoin with a laptop. Today, the process is more like running a factory: it requires specialized chips, hot and noisy mining rigs, and enough electricity to power a small city.

That’s why the arrival of a device called the Coinmine One is intriguing. The makers of the device (pictured above), which sells for $799, are pitching it as an easy-to-use home mining system you can control with an app.

The device uses ordinary GPU chips and isn’t powerful enough to mine Bitcoin. It can, though, currently mine four other cryptocurrencies—Ethereum, Ethereum Classic, Monero and Zcash—and has its own operating system, which will let owners add other currencies in the future.

Coinmine is the brainchild of Farb Nivi, an entrepreneur who says he has built computers since he was a kid, and industrial designer Justin Lambert, who helped a line of smartwatches called Pebble. The company has raised $2 million from prominent names in the cryptocurrency realm, including Coinbase Ventures, Arrington Ventures, and Coinbase chief technology officer Balaji Srinivasan.

I wanted to see the mining device in action so Nivi came by Fortune’s office to provide a demo. He pulled a Coinmine One out of a large backpack, plugged it into a wall and displayed an app that shows how much cryptocurrency it is mining.

The most notable features of the Coinmine are that it’s quiet and that it uses no more electricity than a vacuum cleaner, according to Nivi. It also has an attractive design with an Apple-style aesthetic, which is a marked contrast from the clunky devices normally used for mining.

For aspiring miners, the device also requires a degree of trust: an owner must rely on Coinmine to collect the currency the device mines. The company stores the output in wallets on its corporate servers, taking a 5% cut.

According to Nivi, the appeal of the device is two-fold. First, it provides a hassle free way to earn cryptocurrency. Secondly, he predicts people will use it to get in on the ground-floor of new currencies that arrive on the market since they will be able to mine them directly rather than buying them.

“With automatic updates, MineOS also gives access to new crypto networks like Bitcoin Lightning, Grin, Dfinity, and Filecoin. This feature ensures users do not miss out on powering the next important crypto network,” said the company in a release.

Nivi also thinks more cryptocurrencies will follow the path of Monero, which now updates its protocol so as to thwart those who try to mine it with specialized ASIC chips. Such chips, which are today essential for mining Bitcoin, are single purpose and able to mine far more efficiently than general purpose GPU chips.

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Crypto Exchange Bitsane to Announce a New Game-changing Feature – Active Trade Orders Editing

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Crypto Billionaire

Bitsane announced the launch of a new option – the ability to edit active orders, which is now available to Bitsane users. This exclusive option allows traders to adjust the price and the volume of their active orders. In this case, the price of an order may be changed by up to 5%, and the change of order volume will not be limited. This option enables users to respond to the currency fluctuations, avoid mistakes, and to achieve the maximum result while trading is conducted on the Bitsane platform.

A significant increase in the number of market participants demonstrates the main rule: when trading platform is selected, users put first usability, safety and advanced trading opportunities. It has motivated the Bitsane team to introduce the option which has been mentioned.

For three years, the team has been improving and developing the service for users. Bitsane has integrated with TabTrader Trading Terminal, granting its users the opportunity to utilize all the tools for trading within one app. Platform has listed new currencies one of which is Tether and has become the first exchange to add unique Tether/Euro trading pair.

Bitsane is a European cryptocurrency exchange which was launched in 2016. A convenient system of cross-currency trading allows users to choose the desirable pair for trading, and thus grants the ability to save both time and money. Users’ funds are effectively protected by a “cold storage” system with an enhanced level of security. These advantages create a perfect basis for an active trading.

Over 20 top popular cryptocurrencies are available on the trading platform, such as BTC, LTC, ETH, USDT, XRP, EUR, USD, BCH, BSV and others.

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Technologies

Several Cryptojacking Apps Found on Microsoft Store

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Microsoft Store

Symantec found eight apps on Microsoft’s app store that mine Monero without the user’s knowledge. The apps which included those for computer and battery optimization tutorial, internet search, web browsers, and video viewing and download—came from three developers: DigiDream, 1clean, and Findoo. In total, we discovered eight apps from these developers that shared the same risky behavior. After further investigation, we believe that all these apps were likely developed by the same person or group.

Users may get introduced to these apps through the top free apps lists on the Microsoft Store or through keyword search. The samples we found run on Windows 10, including Windows 10 S Mode.

As soon as the apps are downloaded and launched, they fetch a coin-mining JavaScript library by triggering Google Tag Manager (GTM) in their domain servers. The mining script then gets activated and begins using the majority of the computer’s CPU cycles to mine Monero for the operators. Although these apps appear to provide privacy policies, there is no mention of coin mining on their descriptions on the app store.

The apps were published between April and December 2018, with most of them published toward the end of the year. Even though the apps were on the app store for a relatively short period of time, a significant number of users may have downloaded them. Although we can’t get exact download or installation counts, we can see that there were almost 1,900 ratings posted for these apps. However, app ratings can be fraudulently inflated, so it is difficult to know how many users really downloaded these apps.

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Technologies

First Clipper Malware Discovered on Google Play

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Crypto Mining

For security reasons, addresses of online cryptocurrency wallets are composed of long strings of characters. Instead of typing them, users tend to copy and paste the addresses using the clipboard. A type of malware, known as a “clipper”, takes advantage of this. It intercepts the content of the clipboard and replaces it surreptitiously with what the attacker wants to subvert. In the case of a cryptocurrency transaction, the affected user might end up with the copied wallet address quietly switched to one belonging to the attacker.

This dangerous form of malware first made its rounds in 2017 on the Windows platform and was spotted in shady Android app stores in the summer of 2018. In February 2019, we discovered a malicious clipper on Google Play, the official Android app store.

Although relatively new, cryptocurrency stealers that rely on altering the clipboard’s content can be considered established malware. ESET researchers even discovered one hosted on download.cnet.com, one of the most popular software-hosting sites in the world. In August 2018, the first Android clipper was discovered being sold on underground hacking forums and since then, this malware has been detected in several shady app stores.

The clipper we found lurking in the Google Play store, detected by ESET security solutions as Android/Clipper.C, impersonates a legitimate service called MetaMask. The malware’s primary purpose is to steal the victim’s credentials and private keys to gain control over the victim’s Ethereum funds. However, it can also replace a Bitcoin or Ethereum wallet address copied to the clipboard with one belonging to the attacker.

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Bitcoin

Cryptocurrency Platform Chimpion Announces Support for Binance

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Binance Labs

Chimpion announced that its platform will support Binance Coin (BNB) as a payment currency and that it will be launching BNB Avenue, a BNB-exclusive online marketplace.

BNB Avenue will be built on the Chimpion e-commerce platform and will give consumers around the world access to products from top online marketplaces, similarly to BCD Bazaar, which was launched by Chimpion sponsors Shopping Cart Elite and the Bitcoin Diamond Foundation. Like BCD Bazaar, BNB Avenue not only gives merchants a chance to easily adopt cryptocurrency, it also empowers customers from all over the world to purchase or request a variety of products that may have not been available via fiat currency.

While most popular marketplaces operate in fiat currency, BNB Avenue exclusively supports Binance Coin (BNB), making it easy for shoppers all over the world to purchase coveted products. All Chimpion stores will now have the option to accept BNB payments, giving BNB holders even more options when they buy and sell online.

Binance was launched in 2017 by Changpeng “CZ” Zhao and experienced extremely rapid growth within its first six months. As of January 2018, Binance is the world’s largest cryptocurrency exchange with nearly $1.5 billion daily trade volume. After the successful launch of the Binance exchange, the company launched its token coin, Binance Coin (BNB), which has since reached a market capitalization of $1.3 billion.

With Binance Coin’s high profile in the crypto market and Chimpion’s robust e-commerce platform, BNB Avenue presents BNB holders with a practical way to use the currency.

About Chimpion

Chimpion is a cryptocurrency e-commerce platform that enables any merchant to begin accepting cryptocurrency payments online. By holding Chimpion’s Banana Token (BNANA), merchants can gain access to Chimpion’s robust crypto e-commerce platform for free, without needing to pay a monthly subscription fee. Chimpion was developed using technology from Shopping Cart Elite, Paytomat and Bitcoin Diamond (BCD) and combines comprehensive e-commerce features with convenient payment processing.

Chimpion’s primary goal is to drive the adoption of cryptocurrency as a payment solution by operating a rich e-commerce platform centered around digital assets. New startups and established merchants alike can become part of Chimpion’s vast network to take advantage of its fast and affordable transactions and user-friendly infrastructure.

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Bitcoin

BitTorrent (BTT) Supported by CoinPayments’ Cryptocurrency Payment Gateway

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BitTorrent

BitTorrent Inc., a leader in peer-to-peer protocols and products, announced that CoinPayments now supports BitTorrent (BTT), enabling millions of customers to use BitTorrent (BTT) to purchase goods and services from hundreds of online merchants.

BitTorrent, which already works closely with CoinPayments to accept TRON (TRX), Bitcoin (BTC), and Binance (BNB) for its premium products, today announced that customers can also pay in BitTorrent (BTT). One-year subscriptions for BitTorrent and µTorrent plans offer file conversion, streaming in HD quality and protection from virus and malware.

“Coming this summer, BitTorrent Speed will be implemented into our popular Windows-based µTorrent Classic client to create a healthier ecosystem and a foundation where content creators can distribute their work directly across the web,” said Justin Sun, founder of TRON and CEO of BitTorrent. “In advance of this highly anticipated release, we look forward to working with CoinPayments and other partners to make BitTorrent (BTT) liquid in the online marketplace before BTT is fully integrated into our desktop and mobile products.”

Users who are interested in receiving real-time updates about BitTorrent Speed, BTT, and upcoming product launches can follow the company’s official social media channels on FacebookTwitter, and Telegram.

About CoinPayments
Founded in 2013 CoinPayments now supports payments for bitcoin and over 1,000 altcoins for 2.3 million business and user accounts across 182 countries. Its platform offers prebuilt plugins and integrations for all the major ecommerce platforms, including Shopify, Woocommerce and Magento. With hosted wallets, conversion and fiat settlement functionality, CoinPayments leads the way in furthering the adoption of cryptocurrencies.

About TRON and BitTorrent, Inc.
Founded in 2004, BitTorrent, Inc. is the largest decentralized peer-to-peer network in the world, with over 100 million active users driving 22% of upstream and 3% of downstream traffic globally.

TRON is dedicated to creating a boundary-free internet that inspires innovation across industries. TRON, one of the largest blockchain protocols, offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps).  The ecosystem is governed by Super Representatives and the community.

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Technologies

Hacker Who Stole $5 Million By SIM Swapping Gets 10 Years in Prison

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Blockchain App Factory

A college student who stole more than $5 million in cryptocurrency by hijacking the phone numbers of around 40 victims pleaded guilty and accepted a plea deal of 10 years in prison, Motherboard has learned.

Joel Ortiz accepted the plea deal last week, Erin West, the Deputy District Attorney in Santa Clara County, California, told Motherboard during a meeting on Thursday. The authorities believe Ortiz is the first person to be convicted of a crime for SIM swapping, an increasingly popular and damaging hack. The prosecutors and agents who have been investigating these hacks celebrated the conviction, and said they hope that this will serve as an example for the other alleged criminals who have already been arrested, as well as the ones who have yet to be caught.

“We think justice has been served. And hopefully this is a strong message to that community,” Samy Tarazi, one of the agents who investigated the Ortiz case, told me.

Ortiz is one af a handful of SIM swappers who have been arrested in the last year for hijacking phone numbers and using them to then hack into emails, social media accounts, and online Bitcoin wallets. Other people who have been arrested are Xzavyer Narvaez, who’s accused of stealing around $1 million in Bitcoin; Nicholas Truglia, who’s also accused of stealing millions in Bitcoin; and Joseph Harris, one of the most infamous SIM swappers who allegedly stole more than $14 million in cryptocurrency.

The authorities think the slow but constant drip of arrests, and Ortiz’s sentencing, will send a clear message to those who are still out there.

“Each arrest that we made sent shockwaves through that community,” West said. “That hey weren’t safe in their basement, they weren’t safe in their room in their mom’s house, that they were being tracked down and arrested—one by one.”

West added that “in looking at Joel’s sentence—10 years—it shows that our community will not tolerate this type of crime. And we will continue to find everyone who’s responsible.”

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WISeKey opens its Geneva Blockchain Center of Excellence Headquartered at the World Trade Center II Geneva

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Geneva

WISeKey International Holding Ltd (“WISeKey “) (SIX: WIHN), a leading global cybersecurity, Blockchain and IoT company, announced today the opening of its Geneva Blockchain Center of Excellence. As announced at the Geneva Blockchain Congress in January, this new center is part of the partnership, with Blockchain Research Institute (BRI) for the creation of a number of interconnected Blockchain Centers of Excellence around the world.

In addition to the Blockchain Centers of Excellence already being established by WISeKey in India, Mauritius and Rwanda, the agreement foresees the creation of additional centers, including Buenos Aires, Argentina. All of these centers will be interconnected via 3 Hubs: Geneva, Toronto and Beijing, a Trust Triangle operating under a Common Trust Protocol, using WISeKey’s PKI hardened Blockchain technology, bringing trust and security, while maintaining the core Blockchain values of transparency, auditability, and traceability. WISeKey’s implemented and integrated PKI solution is complementary to any Blockchain platform, where it can assist with developing a better trust model for use within a distributed system and create a universal Trust Protocol for the Internet 2.

The business model of the Geneva Blockchain Center of Excellence is to assist Blockchain startups and research to promote their technologies internationally, facilitate the rapid adaptation and on-boarding of Blockchain-based solutions, foster stronger collaboration between the public, private and academic sectors and cooperate to ensure that the latest technological standards are made available in a safe and trusted manner.

The Geneva Blockchain Center of Excellence will coordinate with other centers and Blockchain ecosystems around the world, allowing all partners to fully benefit from shared experiences and resources. Each Blockchain Center of Excellence is expected to develop a particular expertise that can be shared among all centers. For example, the Blockchain Center of Excellence in Buenos Aires will spearhead the development of particular platforms and applications to fight counterfeiting, illicit trade and corruption, while the Geneva Blockchain Center of Excellence will focus on Fintech, particularly digital private banking and commodity trading applications.

One of the ongoing projects of the Geneva Blockchain Center of Excellence is the Security Token Offering (STO) of WISeCoin AG, a Special Purpose Vehicle created by WISeKey to build the infrastructure for secure intra-object interactions for which WISeKey received a “non-Action Letter” from The Swiss Financial Market Supervisory Authority (FINMA). WISeCoin will pursue the (STO) in Q2 2019. WISeCoin AG was formally established in August 2018 to secure the Blockchain and Internet of Things (IoT) world, which due to its continuously increasing size and complexity, is constantly vulnerable to cyber threats. WISeCoin AG benefits from the WISeKey architecture as the first and only vertically integrated platform combining proprietary cybersecurity software and secure microcontrollers designed to protect connected devices against evolving cyber threats.

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Technologies

Ledger Live App Now Available for iOS and Android

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Crypto Billionaire

Ledger is excited to announce that the highly anticipated Ledger Live mobile phone application is now available. This allows Ledger Nano S and Ledger Blue users to view their balances by scanning a LiveQR code presented on the Ledger Live desktop version. Currently featured in consultation mode, the app enables you to check the value of your crypto assets anywhere you go.

Thanks to the mobile app, you will be able to wirelessly transact everywhere with the Ledger Nano X. In the future, Ledger Nano S users (Android smartphones only) will be able to transact as well through the use of an OTG cable. We are working on having the same features for the Ledger Live mobile app as the desktop version.

The Ledger Live smartphone app is compatible on iOS 9+ or Android Lollipop (5 and above) operating systems or higher.

Ledger Nano X: Bluetooth Enabled

The Ledger Nano X will be able to connect to both Android and iOS smartphones using Bluetooth. Along with the newly released Ledger Live application, this will allow you to connect to your smartphone without the need of a cable. The Bluetooth connection will be established through pairing – this enables a secure connection.

As the security of your crypto assets are of utmost importance to us, we paid great attention to the security of the Bluetooth communication. You can read more about this here.

With the combination of the Ledger Live smartphone app and the Ledger Nano X, you will be able to manage your crypto assets. Not only that, but installing applications and updating your device’s firmware will be possible, everywhere you go.

Ledger Nano S: OTG connected

Ledger Nano S users can equally make use of the Ledger Live mobile app. Currently this is in a consultation mode, with a full version being in the works. This full version would, however, be only available to Android users, as the connection can only be established through the use of an OTG cable. Due to technical limitations, this is currently not possible for iOS users. The consultation mode can be activated by scanning a LiveQR code on the Ledger Live desktop app, which allows you to check your balances at any given time.

We are excited to bring mobility to both of these Ledger devices. Through the Ledger Live mobile app, you can keep your crypto assets secure, everywhere you go.

The Ledger Nano X can currently be pre-ordered. Click on the banner underneath for more information.

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Technologies

SAPPHIRE Launches 16GB Blockchain Graphics to Support GRIN Coin and other Cryptocurrencies

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Cryptocurrencies

SAPPHIRE Technology announced the SAPPHIRE RX 570 16GB HDMI Blockchain Graphics Card, the first of a new family of GPU Blockchain products to support mining of the recently launched GRIN Coin and other cryptocurrencies. SAPPHIRE’s RX 570 16GB HDMI Card will be available to order soon from:

https://gpuminer.sapphiretech.com

Using over 15 years of manufacturing state-of-the-art graphics cards and components for the consumer, commercial and embedded markets, the affordable SAPPHIRE RX 570 16GB HDMI Blockchain Card is available to order as a standalone card, ideal for users who wish to self-install, and features a Dual Ball Bearing Fan with SAPPHIRE Quick Connect Fan technology. Unlike other 12 and 16GB cards on the market, which tend to be for industrial or professional applications and thus carry a heavy premium, the 16GB RX 570 is superbly positioned for early Grin coin miners , providing you move fast and take advantage of SAPPHIRE’s hardware.

In development since 2016, GRIN coin is a community-based cryptocurrency that aims to address a number of deficiencies associated with other Cryptocurrencies including privacy and scalability. Designed to be truly decentralized and full democratized, GRIN coin has been developed openly by developers’ and distributed all over the world without being controlled by any company, foundation or individual.

Adrian Thompson, Global VP of Marketing at SAPPHIRE Technology, comments: “The launch of the RX 570 16GB HDMI Card presents an exciting opportunity not just for SAPPHIRE but for early Grin Coin miners and the cryptocurrency market as a whole. Future products will include new 16GB Graphics additions’ to SAPPHIRE’s line of INCA and MGI Series of dedicated blockchain systems. We’re thrilled to be bringing this and future blockchain products to market.”

SAPPHIRE’s RX 570 16GB HDMI Blockchain Card is one of the few solutions that can efficiently mine Cuckatoo 31+, as a result there will be fewer users on the network leading to higher rewards for early miners.

Product Specifications

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Bitcoin

Virtual Currency Payment Gateway, Coinify, Activates BitcoinSV

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Bitcoin SV

Online merchants can now accept BSV, the only cryptocurrency based on the original Bitcoin protocol, via the leading virtual currency payment provider, Coinify. Whether the merchant wishes to accept BSV directly or have that changed to local currency, Coinify can facilitate those options.

BSV is the only cryptocurrency that has proven scalability of huge transaction volumes, vital to the success of mass adoption. With their goal of building an international virtual currency payment infrastructure, Coinify’s cooperation will further BSV’s vision to become a viable global currency.

Coinify provides cutting-edge and compliant virtual currency products that allow businesses to accept payments both online and in retail stores.

Jimmy Nguyen, Founding President of the bCommerce Association, commented: “As somebody who has used Coinify personally, I think it’s a huge step forward in the development of BSV that such a respected payment portal has added the original Bitcoin to its portfolio.

He added: “Of course, it also means it will be much easier for sales teams to offer ‘flick of the switch’ BSV solutions to online merchants.”

Coinify’s CEO and co-founder, Mark Højgaard stated: “Virtual currencies need to have widespread merchant adoption to really ignite on a mainstream level, and we believe that the simplicity and flexibility of our payment product range makes this possible. Adding BSV as a virtual currency helps us ensure we have the most comprehensive range of options for both merchant and customer.”

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