Users Affected By Binance KYC Leak Hack Will Get Free VIP Accounts

Binance has decided to give something to the users who were allegedly hacked. According to a recent blog post, the company will give free VIP accounts to any user related to the Know Your Customer (KYC) leak incident.

While the company disputes that it was hacked and affirms that some of the information was actually stolen from a third-party company, it has chosen to offer some kind of compensation for the incidents, as some of the leaks match actual clients. Most “leaks” are said to missing vital information, though, which is great.

According to the crypto exchange, some of the images stolen from the third-party company overlap with the ones that Binance has in its own KYC. Multiple pictures were photoshopped, though, or do not match the records that the company has. The main reason for the company not to believe that the hack happened was because the images lack the company’s watermark.

The exchange affirmed that it has “robust security” measures which are being used to safeguard the assets of its clients. These measures include AI-verification and all the data is stored with several protections, so the hacker would really need to do a notable job to be able to crack them.

Now, all the potential victims can become VIP customers for their lifetimes. They will get all the advantages without ever having to pay for them.

Binance has also requested that, just in case, everyone affected by the hack should issue new documents in their countries, as there is the risk that some sensitive information might be leaked by the actual hack, the one made on the third-party company hired to handle KYC some time ago.

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Author: Hank Klinger

Coinbase Wallet Users Can Now Use WalletLink Now To Browse on Desktop

All Coinbase Wallet users will now be able to use WalletLink to access any decentralized apps on their browsers via their desktop computers. According to the Coinbase Blog, the program will act as a bridge between the desktop and the user’s wallet.

To start using the new tool, you simply need to scan the WalletLink QR code with your smartphone. This way, it will become considerably easier to keep your funds safe and to use decentralized apps whenever you want.

The decision was taken because several users were already using the web to explore the internet but they were lacking the ability to use dapps on desktop as well. Coinbase Wallet offers a secure way to hold tokens, but Coinbase wanted to deliver more and this is the result of this goal.

Before now, people could only use the app on their mobile devices, but they will be able to use it on their desktop computers now without losing any security.

Several dapps are already tested and fully compatible with the program. Some of them are Compound, Maker, IDEX, Uniswap and dYdX.

The wallet will be fully open source starting today and developers will be able to integrate the current technology with their own products.

In order to use this product, you need to have the updated version of the software, so make sure that your wallet is at least in version 19.1 before trying. So far, the product was tested with the most popular browsers, which included Mozilla Firefox, Google Chrome, Brave, Opera and Microsoft Edge.

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Author: Gabriel Machado

Casa Announces Node Heartbreaks to Encourage Maintenance of Bitcoin (BTC) Nodes

Casa, an important Bitcoin (BTC) startup, has recently started a new initiative to encourage its users to check the status of their BTC nodes more regularly. The Node Heartbreaks program can be used to see if a node is working properly and, according to the company, it does this in a quick, secure and private way.

The program works like this: Casa sends a brief connection from its main servers to the node and checks whether it is online or not. If it is, the connection will be complete and the so-called heartbeat will be sent back. This new service will only work with Casa nodes, obviously.

The Heartbeat SatsBack Reward program is being launched today as well. The program will work together with Node Heartbreaks. Each time the users check their nodes, they will receive 0.0001 BTC, which is around a dollar. They will be able to do it five times a week.

According to the company, no IP data or router details are collected, so people will be able to remain private even by checking the network.

As long as the nodes are operational, people will still be able to keep receiving the rewards. According to the CEO of Casa, Jeremy Welch, this is important in order to create a more healthy network.

The nodes are needed to validate the network, so they need to be working properly. With constant validation, any problem will be found quickly and the efficiency of the whole process will increase over time.

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Author: Gabriel Machado

Tech Giant IBM Files for New Blockchain Patent Regarding a Web Browser

  • According to a spokesperson for IBM, the firm’s new blockchain web browser will provide its users with a framework that lays a huge amount of importance on data privacy and security.
  • One of the primary advantages of this new browser will be its ability to prevent customer data from being stolen — since a viable backup of the persons information will always be available on the blockchain.

As per an all new patent application submitted by IBM earlier this week, the multinational company is looking to create its very own blockchain-based web browser that will make use of a peer-to-peer network to store and collect customer information.

From a technical standpoint, we can see that the browser is designed to acquire certain pre-specified information during web browsing sessions. This data is transferred within the network using a mesh of peer-to-peer nodes.

Also, the information that is being collected will depend on the ‘browsing experience’ that is chosen by the user. Some of the session info that can be saved includes bookmarks, task performance, geo-locations etc.

It is also being rumored that IBM will make use of a digital token to verify its users’ browser session activities.

In closing out this piece, it bears mentioning that the demand for blockchain web browsers has been surging for quite some time now. However, only time will tell whether or not IBM will be able to deliver on its promises.

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Author: Shiraz J

Large Scale Dusting Attack on Litecoin (LTC) Users: Binance

A large scale dusting attack has been suffered by Litecoin users, reported Binance on August 10.

A dusting attack is a new kind of malicious activity where scammers and hackers try and break the privacy of the cryptocurrency users by sending tiny amounts of coins to their personal wallets.

Attackers track down the transaction activity of these wallets by performing a combined analysis of several addresses to identify the individual or the company behind each wallet.

One of many transactions affected shared by Binance is,

https://chainz.cryptoid.info/ltc/tx.dws?36359475.htm

Dust is a tiny amount of coins or tokens — so small that most users don’t even notice, such as 1 satoshi (0.00000001 BTC) in the case of Bitcoin.

Binance explains that within crypto exchanges dust is also the tiny amounts of coins that “get stuck” on users’ account after trading orders are executed. These really small amounts of coins are not tradeable but Binance users can convert them to BNB.

As crypto users do not pay much attention to these tiny amounts, scammers began “dusting” a large number of addresses by sending a few satoshis to them. After dusting multiple addresses, scammers analyze various addresses to identify which belong to the same wallet.

First it started with Bitcoin, these attacks are now also happening with other cryptocurrencies.

As a closing thought, Binance said while Bitcoin blockchain is nearly impossible to hack, the wallets “present a significant point of concern.”

“When a user holds their cryptocurrencies in a personal wallet, they are acting as their own bank, which means there is nothing they can do in case they get hacked or lose their private keys.”

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Author: AnTy

Samsung Blockchain Smartphone Users Now Have 17 Crypto Apps Available to Download

Samsung-Smartphone-Users-Now-Have-17-Crypto-Apps-Available-to-Download
  • The 17 apps available to Samsung users include social media apps, entertainment apps, and more.
  • Only a few of Samsung’s competitors are working to establish themselves in the crypto industry.

Samsung launched their online decentralized app (dapp) store – Blockchain Keystore – in March 2019. Though it begun with four application, the company has been seeking to expand the selection. The original dapps featured a social media app, a billing app, a password wallet, and a game. However, based on reports from CoinDesk, Samsung now boasts a total of 17 crypto-focused applications, which include entertainment and additional social media applications.

Samsung seems to be making a major move for itself in the cryptocurrency and blockchain industry, becoming one of the first companies to create crypto-centric products. The release of a Galaxy S10 is a perfect example of this work. In a statement, Samsung said,

“Although other companies have not done so yet, we have already made a blockchain wallet and released it.”

It appears that Samsung is making the effort to strengthen its wallet features as it grows concerned for potential market competition. The wallet system for Samsung, after all, only allows Ethereum-based ERC-20 tokens to be stored. Presently, the biggest competitor against Samsung is Apple, though they haven’t released a wallet yet. However, in June, Apple released the “CryptoKit,” designed for the iOS 13. It is possible that the launch of other products isn’t that far behind.

Last month, “ThinQ Wallet” was trademarked by LG, which consumers believe could be the foundation for LG to launch its own crypto wallet and ecosystem. In the trademark’s documentation, the company explains that this wallet will be used for transactions, settlements, and e-money services.

Huawei, a China-based company that is another competitor of Samsung, doesn’t seem to be working on the development of any crypto-based apps yet. Huawei recently spoke with CoinDesk Korea, stating that they presently

“have no plans to put a password wallet on its smartphone because the Chinese government has not authorized it.”

Even with these new dapps, Samsung’s efforts haven’t been recognized by much of the users. Presently, only 30 reviews have been posted on the dapp products offered on the Blockchain KeyStore, while Google Play has thousands of reviews on their products.

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Author: Krystle M

K Merchant: Secure Cryptocurrency Payment Gateway App?

K Merchant

What Is K Merchant?

K-Merchant is the first crypto merchant that enables users to accept crypto payments just with a simple scan. The platform enables users to gain access to a transparent and decentralized exchange system on the blockchain.

Importantly, K-Merchant provides a secure payment gateway. Orchestrated through a powerful API, the system develops friendly and easy to integrate crypto payments. Top crypto coins involved include KBC, BTC, and ETH. Besides, it comes with an insightful dashboard—one place to manage all your merchant data. Users can also utilize the Swift Onboarding feature, which enables a blazing fast merchant enrollment through online forms.

K Merchant Powerful Features

K-Merchant offers everything you need from a payment solution provider.

  • Karat Merchant—the first crypto bank
  • One-Click Payments: users enjoy instant purchases, with no need to reenter card details.
  • Tailored checkout: Your logo, your brand colors, and your unique User Experience
  • Safe and secure: PCI-DSS compliance, with 24/7 fraud monitoring
  • Quality Focused: the platform provides seamless user experience and continuous conversion rate optimization.
  • Payment Link: This makes it easier and simple to accept payments
  • Innovative dashboard: users have access to multiple providers and banks, with a single integration

K-Merchant is involved in more projects

The platform is honored to work with innovators across all industries. It provides an extended array of payment module integrations for top-rated e-commerce platforms. With its easy-to-integrate plugins, users can add cryptocurrency payments to their websites using customizable modules integrated with the most popular ecommerce platforms.

K Merchant driven by crypto payments

Importantly the platform operates 24/7, providing users with services throughout the holidays and on Black Friday. Importantly, K-Merchant is a technology company with a full-status banking license and a seasoned support team that is ready to help users at all times.

K-Merchant app is available for both Apple and Android devices, to provide users with a fast, private, and reliable way to accept payments for their online or real shop.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Bitcoin Exchange Guide News Team

Folgory Review: Making it Easier for Crypto Lovers to Instantly Accept and Convert Crypto

Folgory Review: Making it Easier for Crypto Lovers to Instantly Accept and Convert Crypto

Folgory is a digital merchant solution based on the crypto platform. Its design enables users to store and instantly accept different types of crypto.

With this solution, you get to sell from your merchant store directly and transmit payment requests to buyers through email. You can do all this via a single blockchain solution.

Why Use Folgory?

One of the hardest things that merchants operating today have had to deal with is the influx of cryptocurrencies. There are a dozen cryptocurrencies getting launched each day. As a savvy businessperson, you will want to make sure that you can address all the needs of your clients with ease.

Folgory is here to make this a possibility. With this solution, you get to do the following online:

Send Request Payments

How do you make sure that you get paid on time and without inconveniencing your personnel or your clients? By sending a payment request! The solution is designed in such a way that merchants can send invoices at any time without having to worry about the payments they are asking for.

Within the request, the customer will find information pertaining to how much they should pay, and how to go about it. They can then send the funds directly to your digital wallet.

In-Store Payment

With in-store payment, all a merchant needs to do is display their QR code to their clients. Ensure that the code you place in your shop, restaurant, or hotel is visible.

Clients can then make payments through the POS terminal, screen, or their Android/iOS mobile wallets. Payment is made securely and within seconds.

Wallet Euro Converter

Merchants can convert their digital assets into crypto or vice versa using Folgory. All this is done within a click of a button.

What happens is that clients receive the funds in a real-time and they get to make a decision whether to top up their Folgory cards, convert to euro, or top up their digital wallets.

Paying for online services is easier thanks to Folgory. You can also check the status of your online transactions using the onscreen dashboard.

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Author: Bitcoin Exchange Guide News Team

Brave Web Browser to Release Native Reddit and Vimeo Tipping With Virtual Currencies

Brave Web Browser to Release Native Reddit and Vimeo Tipping With Virtual Currencies
  • Brave is working on new features to allow users tip creators on Reddit and Vimeo
  • There are other services that offer similar solutions on Twitter, Reddit and Discord

Brave decided to introduce a new feature that would allow users to tip other content creators on Reddit and Vimeo. Individuals will have the possibility to send these tips using Basic Attention Token (BAT).

Although these features are currently being tested in Brave’s Developer on desktop, they may be released to the market in the near future. This is according to what a company representative said on Reddit.

Tipping Using BAT Tokens

Brave is currently working in order to allow its users to tip other content creators using the Basic Attention Token currency that was developed by Brave to use on its web browser. The web browser was found by Brendan Eich, which is the current CEO of the company, and Brian Bondy, Brave’s CTO.

The firm is now working on this new feature that has not been officially announced but it has been added to Reddit and Vimeo feeds. As reported by a moderator for the Brave Reddit community, the company is testing these features for both platforms.

About it, the company representative commented:

“The features in our developer preview build make their way into our BETA and then MAIN on a 3-week development cycle, so they’ll be in MAIN soon!”

The new implementation is expected to be rolled out in some months rather than a few weeks, as many users would expect. However, users can already begin verifying their Reddit and Vimeo accounts to receive tips in beta. In addition to it, Brave is also testing a new feature that would allow users to tip some tweets.

The main goal behind these tips is to help creators reduce their dependency on ads. Moreover, this is only available for Brave Nightly, a testing development version of the web browser.

Furthermore, Brave is competing with Reborn 3, a desktop web browser that was released by Opera Software and that has an integrated crypto wallet, unlimited VPN data and also web 3 support. In addition to it, the wallet that is integrated to Reborn enables users to store collectibles in the browser that can also be synchronized with the Android version of the wallet.

At the moment, there are other tipping options for users on Twitter, Reddit and Discord. Users can send XRP tips to individuals in these platforms by adding a comment. Moreover, Tippin released a new service that allows individuals to send Bitcoin through the Lightning Network (LN) on Twitter and became very popular earlier this year when it was embraced by the CEO of Twitter Jack Dorsey.

Basic Attention Token is currently the 31st largest cryptocurrency in the market with a valuation of $390 million and a price per coin of $0.306.

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Author: Carl T

Deposits And Withdrawals To Resume On Hacked-Exchange Bitrue On July 3rd

Deposits-And-Withdrawals-To-Resume-On-Bitrue-On-July-3rd

Earlier this week hackers were able to breach the accounts of about 90 users of the Singapore-based cryptocurrency exchange, managing to steal 9.3 million XRP and 2.5 million Cardano, totaling $4.7 million.

Now, they have announced that they will resume deposits and withdrawals on July 4th. They will have BTR/XRP, BTR/BTC, BTR/USDT, and BTR/ETH ready to go.

Per Bitrue’s statement, administrators detected the hack and immediately shut down trading on their platform, putting the site in maintenance mode while they investigated what was happening. Bitrue said it’s working with Bittrex, ChangeNOW, and Huobi to recover the funds from their respective platform.

They even assured that they are reviewing their security measures and policies to ensure that this never happens again. They are even in touch with relevant authorities in Singapore to assist the team in tracking down the culprits.

This was their second security incident this year. In January, Bitrue admins also acknowledged to falling victim to a 51% attack during which an attacker exfiltrated over 13,000 Ethereum Classic (ETC) coins worth over $100,000 from the platform’s accounts. That attack, however, was thwarted.

Reacting in the wake of the attack, Binance’s CEO, Changpeng Zhao tweeted that they were edging closer to finalizing work on a revolutionary anti-fraud system that will be free for all. Admitting that the industry is, decentralized, but united, CZ, as he’s best known, said that the system would be available soon. Once released, the system would be able to track stolen assets using the Blockchain platform they are moved through.

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Author: Sritanshu Sinha