Tuesday, December 11, 2018

Wallet Hackers / 'Proof of Keys' / Square Cash / Samsung

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Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. Hackers have launched a massive campaign that scans for Internet-exposed ethereum wallets. Researcher Troy Mursch, co-founder of Bad Packets, said the campaign started last week. Attackers scan for devices with port 8545 exposed online, a standard port for the JSON-RPC interface that many ethereum wallets use. The interface includes an API that should be only exposed locally, but some wallet apps enable it on all interfaces, making it possible to exploit. –ZDNET

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2. Entrepreneur Trace Mayer revealed a plan to encourage bitcoin investors to reclaim their private keys. Mayer posted a video to debut his project, called "Proof of Keys." He calls for investors to remove all funds not under their direct control (specifically those held on third-party exchanges) on January 3, bitcoin's birthday. "We've got lots of new people who have come into the community, and I think it's important to declare and redeclare our monetary sovereignty on a regular basis," he said. Mayer has been a noted critic of large industry businesses including BitPay, Coinbase and Xapo. –BITCOINIST

Mayer reveals plan to have bitcoin owners reclaim keys
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3. Square's Cash App has overtaken Coinbase as the most widely used iOS app to buy bitcoin. The Cash App's growth has come, in part, from its parent. After announcing support for purchases of bitcoin in all 50 states earlier this year, Square CEO Jack Dorsey leveraged his customer base an easy way to buy bitcoin. Since Square's existing customers had already gone through the process of uploading verifications and banking information, adoption was able to happen quickly. –DAILY HODL

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4. Samsung may be entering the blockchain-enabled smartphone business. Earlier this week, the company submitted three trademark requests for blockchain-based smartphone features in the European Union. The trademarks are named "Blockchain KeyStore," "Blockchain key box," and "Blockchain Core." While no details have been confirmed, there is belief that the trademarks may allude to forms of private or public key storage. –THE NEXT WEB

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5. Harvard economist Kenneth Rogoff, the former chief economist of the International Monetary Fund, said it is more likely that bitcoin reaches $100 than $100,000. –COIN TELEGRAPH

6. Bitcoin's relative strength index has reported oversold conditions for the first time in four years. –COINDESK

7. The pop of the bitcoin bubble was a painful lesson in speculation for Millennials. -BLOOMBERG

8. Only two ASIC mining rigs remain profitable with the current price of bitcoin. –COIN TELEGRAPH

9. Marijuana companies like Leafbuyer Technologies continue to embrace blockchain. –ROLLING STONE

10. A software developer from Chile has become a must-follow on Twitter. –MARKET WATCH

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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