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| January 24, 2019

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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.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post The Daily: Critical Bug Found in Beam Wallet, Wirex Adds Another Cryptocurrency appeared first on Bitcoin News.

Bitcoin News

The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble Coin

January 4, 2019 |

The Daily: Cointext Offers BCH Wallet in the Philippines, Beam Launches Mimblewimble Coin

Cointext’s SMS bitcoin cash wallet is now available in the Philippines and we’ve got the details below. Also in The Daily on Friday, the first Mimblewimble coin has been launched by Beam and crypto exchange Binance reintroduces its platform for token sales, Launchpad, which will host the Bittorrent token generation event.

Also read: New York Establishes Crypto Task Force, Novogratz Buys More of Galaxy Digital

Cointext Services Now Available to Filipinos

Cointext, a platform that enables users to transfer cryptocurrency offline using simple text messages, has launched its service in another new market. The SMS bitcoin cash (BCH) wallet is now available in the Philippines, a country with a population of over 100 million people and a large diaspora around the world.

The Cointext wallet allows anyone with even a basic mobile device that supports text messages to send electronic cash to other phone numbers or BCH addresses. What’s more, to receive the money, the recipients don’t even need to download a wallet, install an application, set up an account or have access to the internet.

These features are behind Cointext’s growing popularity in countries where modern smartphones are available to a small portion of the population and the majority of telecom subscribers still use traditional mobile phones. Cointext also appeals to residents of countries that receive a lot of remittances from abroad, from Brazil to Romania.

The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble Coin

“The ability to send value over SMS is tailormade for the Philippines,” said Cointext founder and CTO Vin Armani, as quoted by Prweb. “Remittances are a big part of the economy and Filipinos are already big adopters of cryptocurrency, especially bitcoin cash.”

Armani added that the country has many cryptocurrency exchanges and that “makes using cryptocurrency for remittances a no-brainer” as it allows easy conversion to local fiat, the Philippine peso. With Cointext, Filipinos will also be able to make cross border transfers at much lower costs, in comparison with traditional services.

With the addition of the Philippines, the number of markets where Cointext is currently available grows to a total of 39. New users in the country can get a Cointext wallet by texting START or SIMULAN to the access number 639221101037.

Mimblewimble Coin Beam Launched

The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble CoinOn the 10th anniversary of Bitcoin’s genesis block, a new privacy-oriented coin based on its blockchain was launched. Beam, which is issued by an Israeli startup, uses Mimblewimble, a protocol that was originally developed in 2016 with the aim of both improving the scalability of the Bitcoin network and increasing the privacy of its users. Its developers eventually concluded they needed to create a separate Mimblewimble cryptocurrency.

Another project called Grin was the first to start work on a crypto utilizing the protocol. However, Beam became the first to attract venture capital financing to issue a Mimblewimble coin. Grin is now scheduled to launch in mid-January, as news.Bitcoin.com reported last month.

According to an announcement on Medium, Beam’s mainnet release contains the following components for Linux, Mac, and Windows devices: desktop wallet app that includes a CPU miner node, CLI wallet and Beam node. A standalone Opencl miner and a standalone Cuda miner are available for Linux and Windows-based systems.

Binance Launchpad to Host Bittorrent Token Sale

The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble CoinBinance, currently the largest cryptocurrency exchange by daily trading volume, is reinstating Launchpad, its platform dedicated to token sales. Launchpad was initially introduced in August of 2017 with the Bread and Gifto sales. The exchange has just announced that Binance Launchpad will be featuring new projects in 2019.

According to the release, Launchpad will start with two projects: Bittorrent and Fetch.ai. “Further announcements for each upcoming project launch will be made in the coming weeks,” the exchange added.

Verified Binance users will be able to buy the tokens using bitcoin core (BTC), ethereum (ETH) and binance coin (BNB). Residents of the U.S., China and South Korea won’t be able to participate due to regulatory restrictions.

Bittorrent recently announced its new digital coin which will be offered through a token sale conducted on Binance Launchpad. The Bittorrent token (BTT) will be based on the protocol developed by Tron, which acquired Bittorrent last summer.

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


Images courtesy of Shutterstock, Smartmockups, Beam.


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The post The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble Coin appeared first on Bitcoin News.

Bitcoin News

Crack in Beam Shuts Down New $2B Transit Terminal

September 26, 2018 |

San Francisco officials shut down the city’s celebrated new $ 2.2 billion transit terminal Tuesday after discovering a crack in a support beam under the center’s public roof garden. Coined the “Grand Central of the West,” the Salesforce Transit Center opened in August near the heart of downtown after nearly…
Newser

Bourbon Boom Fetches $13.6 Billion for Beam

January 14, 2014 |

Beam Inc.—which makes Jim Beam—agreed to be acquired by Suntory of Japan for $ 13.6 billion. Beam is positioned squarely in a part of the liquor business experiencing a powerful global upswing: bourbon whiskey.
WSJ.com: What’s News Asia

Japan’s Suntory to buy US spirits maker Beam for $13.6 billion cash – Reuters

January 13, 2014 |

CTV News

Japan's Suntory to buy US spirits maker Beam for $ 13.6 billion cash
Reuters
LONDON (Reuters) – Suntory Holdings Ltd on Monday said it would buy U.S. spirits company Beam Inc for $ 13.6 billion cash in a deal that would make the Japanese company the world's third-largest spirits maker. Including the assumption of Beam's net debt, 
Why Beam's Liquor Is So Valuable, Especially in AsiaBusinessweek
Suntory looks to join the big shotsFinancial Times
After Beam Deal, Few Big Liquor Mergers LeftNew York Times
Forbes –Houston Chronicle –Wall Street Journal
all 579 news articles »

Business – Google News

Can Priceline’s Hotel Bookings Beam Up More Amazing Growth?

August 7, 2013 |

Leading online travel agency Priceline is set to announce its Q2 2013 earnings on August 8. Despite uncertain global economic conditions, Priceline reported strong results in Q1 2013 with 26% y-o-y increase in revenues ($ 1.3 billion). The robust growth in its international business contributed to a 36% y-o-y increase in total gross bookings ($ 9.2 billion), and the 43% annual growth in international bookings was driven by a strong global portfolio.
Forbes Real Time