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| January 24, 2019

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Pastor Predicted Pats Score. And Has Another Prediction

January 22, 2019 |

A Maine pastor who publicly predicted the final score of Sunday night’s AFC championship game isn’t claiming divine intervention, the AP reports. But he’s confident the New England Patriots will win the Super Bowl as well. The Rev. Mark Tanner asked his secretary Friday to post a message on the…
Newser

Another Michigan State President to Resign

January 17, 2019 |

Former Gov. John Engler will resign as interim president of Michigan State University amid public backlash over his comments about women and girls sexually assaulted by now-imprisoned campus sports doctor Larry Nassar, a member of the school’s Board of Trustees said Wednesday. Joel Ferguson told the AP that board members…
Newser

Sears dodges another bullet as Eddie Lampert wins bankruptcy auction

January 16, 2019 |

Sears Chairman Eddie Lampert has won a bankruptcy auction for the retailer with a plan that will keep the company in business and seek to save tens of thousands of jobs, according to a person with knowledge of the discussions.

Lampert’s bid prevailed over competing proposals from liquidators that…


L.A. Times – Business

Another Big Name Entering 2020 Presidential Race

January 16, 2019 |

She’s in: Sen. Kirsten Gillibrand on Tuesday announced to Stephen Colbert, in an interview airing on his Late Show Tuesday night, that she is forming an exploratory committee to run for president in 2020, CBS News and CNN report. “I’m going to run for president of the United States, because…
Newser

Stocks fall, hurt by another sign of weakness in China’s economy

January 14, 2019 |

U.S. stocks took small losses Monday after China reported a drop in December exports — a sign of some wariness in the the market but nowhere close to the big swings that have characterized the last few months.

Indexes in Europe and Asia also fell slightly after the latest report added more evidence…


L.A. Times – Business

California Inc.: At the box office, another fine mess

January 14, 2019 |

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week.

Maybe this will help clear up the smog. Fiat Chrysler will pay about $ 800 million to settle…


L.A. Times – Business

CNN

Venezuela’s Maduro starts another six-year term despite pressure from neighbors

January 13, 2019 |

Venezuelan President Nicolas Maduro was sworn in for a second term on Thursday amid a longstanding economic crisis and pressure from some Latin American neighbors that won’t recognize his presidency after a disputed election.
CNN.com – RSS Channel – Regions – Americas

Another Dem Joins the Fray

January 12, 2019 |

Julian Castro may already be behind in the polls, but no matter—he’s boldly running for president. The former mayor of San Antonio and HUD secretary under President Obama officially announced his candidacy Saturday, framing it in the context of immigration: “When my grandmother got here [from Mexico] almost a…
Newser

Stocks edge down at the end of another winning week

January 11, 2019 |

U.S. stock indexes edged down Friday after the falling price of oil weighed on energy companies, but the Standard & Poor’s 500 nevertheless notched its third straight winning week following a brutal stretch in December.

It was a day full of broken streaks — oil fell for the first time in two weeks,…


L.A. Times – Business

The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another Cryptocurrency

January 11, 2019 |

The Daily: Critical Bug Found in the Beam Wallet, Wirex Adds Another Cryptocurrency

In Friday’s edition of The Daily, we cover the news about a vulnerability found in the Beam Wallet days after the launch of the Mimblewimble-based coin. Also, crypto card provider Wirex has added waves to its list of supported cryptocurrencies, and digital asset exchange Exmo has registered an increase in the number of Belarusian users following Binance’s move to restrict their access to its platform.

Also read: Trust Wallet Adds BCH, 35,000 Merchants Get Access to Crypto Payments

Critical Vulnerability in the Beam Wallet

The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another CryptocurrencyThe developers of Beam, a new privacy-centric coin based on the Mimblewimble protocol, have found a critical vulnerability in their Beam Wallet. The bug affects all previously released wallets in both the desktop and the CLI version, the company behind the project announced on Twitter. The problem has been fixed and Beam said in a post on Medium it’s currently working with providers to upgrade their systems.

In another tweet, the Beam dev team asked all users to stop currently running Beam Wallets immediately. However, according to the message, they should not delete the wallet’s database, as the bug does not affect wallet data, secret keys or passwords. Instead, they need to uninstall the wallet, download it again from the website beam.mw/downloads and install the new application.

Beam was launched on Jan. 3, becoming the first coin based on Mimblewimble, a protocol originally developed in 2016 to improve the scalability of the Bitcoin network and enhance the privacy of its users. The cryptocurrency is already available for trading on the decentralized platform Bisq which promised to also add Grin, another Mimblewimble coin expected to launch on mainnet by the end of this month.

 

Wirex Adds Support for Waves

The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another CryptocurrencyThe popular online bank and crypto debit card issuer Wirex has added another coin to its list of supported cryptocurrencies. Users of the Wirex platform in the European Economic Area (EEA) can now buy, store, convert and spend waves with their Wirex Visa cards, the U.K.-based company announced in a blog post. The service also supports bitcoin core (BTC), litecoin (LTC), ripple (XRP) and ether (ETH).

“The introduction of the waves wallet to Wirex is an exciting development for both crypto-investors and our globetrotting Wirex Visa card users,” co-founder Pavel Matveev commented. “For travel, welcoming waves to your portfolio means that you can enjoy a wider choice of currencies to exchange from and store,” his partner Dmitry Lazarichev added.

Last month Wirex completed the introduction of Iban support for all EUR accounts. EEA users can now fund their account by bank transfer and receive euro payments. The fintech startup also raised the funding limits for account holders in the EEA to £15,000, €16,000 and $ 20,000. The company is now planning an expansion into North American markets.

Belarusian Traders Migrate From Binance to Exmo

The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another CryptocurrencyThe analytics department of Exmo, the largest cryptocurrency exchanges in Eastern Europe, has detected a six-fold increase in the number of registered users from Belarus in December, crypto news outlet Let Know reports. Exmo’s team attributed the influx of new traders to Binance’s decision to restrict access to its platform for the residents of a number of countries under sanctions, including Belarus.

In late November, Binance, which is currently the largest digital asset exchange by daily trading volume, informed its Belarussian users that its services will no longer be available in their country. In correspondence to customers from Belarus, the exchange urged them to read the latest version of its Terms of Use. Under the new ToU agreement, traders acknowledge and declare they are not on any trade or economic sanctions lists, such as those prepared by the U.N. Security Council and the Office of Foreign Assets Control of the U.S. Treasury Department (OFAC).

Since its launch five years ago, Exmo has registered 1.5 million users. According to the report, its daily trading volume reaches $ 40 million. The exchange, which supports trading pairs with fiat currencies such as the Russian ruble and the Ukrainian hryvnia, is currently 56th in Coinmarketcap’s volume rankings, with a daily volume touching $ 20 million.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock, Beam, Wirex.


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