Brave Blockchain Browser iOS App Set to Integrate BAT Rewards, Possibly in November?

Brave users on iOS set to receive rewards as leaks of the new Apple based application surfaces on Reddit. A Reddit post on BATProject, offers a glimpse on the new privacy focused Brave browser mobile application for iOS users.

According to the post, Apple users will now be able to reward their favorite curators on the app using the Basic Attention Token (BAT) in the coming weeks. The applications integrates crypto based rewards on the application following a long wait on the feature to be added on iOS devices.

Ready for iOS brave rewards and ads ? from BATProject

Back in March, the Brave browser developers announced the launch of rewards on the Android application promising an iOS application before the end of 2019. The company seems to be staying good to its word with the application expected to be released in November. The team will probably make the official announcement in the coming fortnight.

The application is set to launch with the Brave Ads program, a feature that allows users to earn dollars for viewing ads on the platform. The browser does not collect data on the ads the consumer views, which preserve’s  the users’ information privacy.

In August, Brave browser partnered with Yubico, a hardware security provider, to offer secure Phishing-resistant authentication on iPhones and iPads.

A huge following on Brave browser

Brave browser is gaining quite a following and reputation as big market figures praise the platform in light of privacy developments. The browser was ranked as the number one browsing app in Japan by App Brain beating Firefox and Opera to the crown.

Furthermore, Wikipedia joined a list of over 290,000 verified publishers on the browser as the overall number of users skyrocketed to over 8 million as of October 17.

Read Original/a>
Author: Lujan Odera

Sucuri Discovers Fake WordPress Plugins Privately Mining Cryptocurrencies

The researchers of Sucuri just discovered a new threat that affects WordPress users. According to them, new malicious plugins for WordPress are appearing at a fast rate. These plugins are exploiting an issue by running the Linux binary code.

They get access to the computer of the person and then mine cryptos illegally. Most of the time, the victims do not even perceive that their computing power is being used until the criminals have already made a considerable amount of money from them. According to Sucuri, the plugins are also used as a way to maintain access to compromised servers, which are used for cryptojacking, too.

Most of the malware disguised as plugins are clones of software that are legitimate. However, a small part of them has been altered in a way that it makes easier for the hackers to invade the computer.

According to Sucuri, the hackers have been using several names for these fake plugins and they keep creating other ones so that more people will be fooled if the prior plugins are discovered. Some examples of plugins that contained malware were updrat123 and initiatorseo.

While all these plugins have different names, all of them are pretty similar to UpdraftPlus, a popular plugin used for backup and restore sites. This happened mainly for two reasons. It is easier to use something that already exists as a base and also to trick people into using it because they may mistake it for another piece of software.

Read Original/a>
Author: Gabriel Machado

Binance Exchange Users Can Now Buy 5 Cryptos Using Debit Or Credit Cards via Koinal Partnership

The users of the largest crypto exchange Binance can now buy five cryptocurrencies through their debit or credit cards. The payment processing will be done by Koinal.

Through a blog post, the crypto exchange stated that its customers can purchase five major cryptocurrencies using either Visa or MasterCard debit as well as credit cards.

Through the payment processing firm Koinal, clients will be able to purchase Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP and Bitcoin Cash ABC (BCHABC).

According to the press release shared with us, the payment processing company asks for 2.5% on every transaction. The bought digital asset will arrive in Binance wallet averagely after five to twenty minutes after the completion of the transaction.

As per the blog post, the payment processor Koinal must adhere to domestic bank policies. Due to these local requirements or policies, the service will not be available in most countries. Currently, Koinal services are not available in various countries like the United States, China, Russia, Taiwan, Colombia, Saudi Arabia, among others.

While announcing the new service, Changpeng Zhao, Binance CEO, commonly referred to as CZ, said that the new service will go a long way in enhancing mainstream adoption of cryptos. According to CZ, the new service will make it easier for users to convert fiat to cryptos which is essential in enhancing mainstream adoption. CZ explained that as the crypto market continues to grow, there is a need to come with solutions to bridge the fiat and crypto worlds.

The recent agreement with Koinal means that Binance now has four such partnerships. In the recent past, the crypto exchange had teamed up with Simplex, TrustToken as well as Paxos for fiat solutions.

Simplex, a payment processing company operating in Israel, supports the purchase of BTC, BCH, ETH, LTC, XRP as well as Binance’s native coin BNB. customers can utilize either Visa or MasterCard credit and debit cards. Customers have to part with fee of either 3.5% on every transaction or $10 whatever is higher.

Paxos as well as TrustToken solutions are bank transfer based solutions. Through Paxos customers can purchase Binance USD (BUSD) as well as Paxos stablecoins. On the other hand, using TrustToken customers can only buy TrueUSD (TUSD).

Read Original/a>
Author: Joseph Kibe

Financial Giant Plans To Launch Wells Fargo Digital Cash; Internal Settlement Service On DLT

Remember when Wells Fargo froze users’ accounts who bought cryptocurrency using their money? Well, the financial giant is now ready to launch its own digital asset dubbed, Wells Fargo Digital Cash.

It is an internal settlement service that will run and power the company’s decentralized ledger technology (DLT) platform to “complete internal book transfers of cross-border payments within its global network.”

Wells Fargo finally turns to blockchain

Following multiple attempts to shut down blockchain and associated cryptocurrencies, Wells Fargo finally integrated the decentralized and trustless platform in a bid to reduce transaction times and increase security of global transactions.

In a press release on the launch of the Wells Fargo Digital Cash, the head of innovation group at Wells Fargo, Lisa Frazier, praised the company’s move towards DLT and hopes for a reduction of “friction regarding traditional borders.” She further commented,

“Wells Fargo Digital Cash has the potential to enable Wells Fargo to remove barriers to real-time financial interactions across multiple accounts in multiple marketplaces around the world.”

The blockchain allows international partners to transfer funds at any time, cuts out the middleman which saves time and fees of transaction.

How similar is Wells Fargo Digital Cash to JPM Coin?

In the past week, JP Morgan announced they had added over 320 banks to its network including the Deutsche Bank and are in the process of launching their JPM Coin.

While obvious parallels can be drawn between the two projects, Wells Fargo spokesman, Roger Cabrera, confirmed that the bank’s token is a standalone project – not connected to any project. He said,

“Regarding JPM Coin, Wells Fargo Digital Cash runs on a proprietary internal DLT network that is not connected to any other digital cash solutions.”

Furthermore, while the JP Morgan network is built on the Quorum platform, Wells Fargo DLT is built on R3 Corda enterprise version. Cabrera further said,

“[R3 Corda Enterprise] is a distributed ledger solution that allows for appropriate data confidentiality controls, scales to bank transaction volumes and throughput, and supports an information security design that is compatible with Wells Fargo’s industry regulated standards.”

The platform is expected to be launched in 2020 and is expected to complete USD transfers initially with a future view of adding multiple national currencies.

Read Original/a>
Author: Lujan Odera

New Linux Malware Mines Cryptos By Using Backdoor: Latest TrendMicro Research

For a long time, Linux users were happy to be free of most malware. Unfortunately, we have been seeing some malware focused on them lately. The latest threat was discovered by TrendMicro and it is called Skidmap.

According to the researchers, this Linux malware mined cryptos without the user knowing by using a secret master password and by masking its mining activities with fake network traffic. As CPU usage is the first red flag of cryptojacking, which is when someone remotely uses your computer to mine tokens, several tactics are employed to cover for it.

Skidmap was said to be a very complex malware, which showcases how these threats are becoming increasingly complex as time passes. Unfortunately, it was not revealed what kind of token was mined by the program.

Initially, the malware installs several malicious files and binaries and then it infects the machine in a way that starts to mine cryptos. A backdoor is also installed to let the operators have more control over the infected computer.

One of the ways in which the hackers get control over the machine is by replacing the pam_unix.so file with a fake one. This enables criminals to log in to the computer whenever they want to. Binaries are also used to monitor illegal mining in real-time and to tweak it to be even more profitable.

It was also revealed that this malware is considered harder than most to be removed, especially because it uses Kernal Module rootkits that basically rewrite some parts of the operating system to work. Because of this, it can even reinfect computers that were already clean.

TrendMicro confirmed that people should always keep their servers updated and patched as a way to escape from this kind of malware and to take care before using third-party programs.

Read Original/a>
Author: Hank Klinger

Another Blow to BitPay, Now Domain Provider NameCheap Is Looking at Different Options

Crypto payments processor, BitPay continues to face backlash from the users, as such companies are seeking different options.

NameCheap, one of the top domain name registration service providers and a web hosting company is the latest one that might not be satisfied with BitPay’s services.

“No promises yet but we are researching different options,” said Richard Kirkendall, NameCheap CEO on Twitter.

His response came after a user complained on social media about BitPay. The user was trying to top up his balance using Bitcoin but BitPay forces him to use one of their pre-approved wallets. BitPay apparently didn’t even let him see the address to make the payment.

BitPay is “Extremely Frustrating”

NameCheap first started accepting Bitcoin in 2013, around the time when BTC hit the all-time high till that year at $32.

Demand among the tech audience for months drove NameCheap to accept Bitcoin for its services including domain names, Web hosting, SSL certificates, and security programs.

The users are asking NameCheap to consider other crypto payment processing service provider as BitPay’s service is “extremely frustrating.”

BTCPay Serves took this opportunity to offer its services.

“Richard, if you need any help, feel free to let us know, we’ll glad to help.”

The company, as we reported recently received $100k in donation from Square Crypto.

“Never Use BitPay”

This is not the first time that BitPay is encountering issues, recently we reported of Hong Kong Free Press accusing BitPay of temporary suspension of its funds, “without good reason.”

Tom Grundy, the founder of crowdfunded media outlet Hong Kong Free Press (HKFP) asked users to “never use Bitpay” because of its “poor reputation, abysmal communication, horrible customer service, *very* high fees.”

Before HKFP, it was a crypto donation for $100k to Amazon rainforest charity that was blocked by BitPay.

Read Original/a>
Author: AnTy

NYC Crypto Brokerage Firm, Tagomi, To Make It Easier to Short Bitcoin (BTC) And Ethereum (ETH)

Tagomi, a crypto brokerage and platform based in New York makes it easier for its users to borrow or lend Ether or Bitcoin to facilitate short and long term trades. A report published by Bloomberg on September 12th, 2019 stated that the exchange was committed to making shorting easier by providing real-time access to many counterparties using a single platform.

Current State of Shorting in Cryptocurrency

According to the same report, traders are at the moment required to make a call to various trading desks and brokers for them to confirm the prevailing borrowing rates. The call is also intended to enable them to learn about the risks that may come with moving against the rates during the duration it will take them to place a trade.

Kevin Johnson, the Chief Operating Officer at Tagomi made his views known on the difficulties that may come with applying such trading strategies when it comes to digital assets. He stated that when it comes to other asset classes, this is something that would easily be done in a single click.

But when it comes to the digital assets, the process involved here is not only long, but it also tends to be highly tedious, which makes it difficult for the trader to place a short.

Solving the Shorting Puzzle

Dennis Chou who works at Pantera Capital as a director of trading commented on the shorting puzzle stating that having the ability to short a particular trade is very important to traders. He went on to add that this is not only crucial to people who are interested in betting against a particular digital asset, but as well as to those that would like to hedge, apply a quantitative strategy, or deal in relative-value trades.

Chou commented on this saying that the digital assets marketplace is very volatile. This means that if you are unable to short crypto, then chances are that you are missing certain parts of the puzzle. As was reported by Cointelegraph earlier this year, Tagomi was granted a Bitlicense by the Department of Financial Services in New York.

Read Original/a>
Author: Daniel W

Tron (TRX) Is Listed on IDAX Exchange, 49 Billion WIN Tokens Are Airdropped To TRX Holders

The IDAX crypto exchange has recently announced a partnership with Tron (TRX). Now, users of the company will be able to trade TRX tokens. This is another important move for the Tron community, as it may help to make the token more mainstream and increase its long-term adoption.

Two trading pairs are going to be added on August 30: BTT/TRX and WIN/TRX. Trading starts at 6 p. m. UTC+8.

TRX Holders Can Participate In WIN Airdrop

Another important development for the Tron community is that the WINk network distributed its tokens to Tron holders. According to a recent tweet, the airdrop is set to distribute almost 49,950,000 WIN tokens. This is around 5% of the whole supply of the token.

A total of 141,105 Tron wallets received the tokens, so each user got about 350,000 tokens. The next airdrop is set for September 28 and each month will have a new airdrop. To receive the WIN tokens, you need to hold at least 100 TRX.

While it seems that people received a lot of tokens, though, they are not very valuable at the moment. Each WIN token costs only $0.00031 USD at the time of this report. This means that each person received just over $100 USD from the airdrop, which is far from meaningless, but also not a huge amount of money.

Read Original/a>
Author: Gabriel Machado

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.

Read Original/a>
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.

Read Original/a>
Author: Gabriel Machado