Showing posts with label latest blockchain news. Show all posts
Showing posts with label latest blockchain news. Show all posts

Wednesday, 25 July 2018

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Latest news on cryptocurrency market: Monero to reduce security risks - ICO Alert

Monero web wallet to fix flaws unveiled in audit to enhance security 

New Alchemy, a blockchain strategy and technology group, reviewed XMRWallet’s infrastructure in June 2018, during which web traffic and user interface of the application were inspected with an objective to discover security flaws that can have a negative impact on the app’s trustworthiness.

According to New Alchemy’s report, the XMRWallet application provides a high-quality user experience, an advanced development approach and a clear separation of client and server functionality. But, when it comes to security, a number of potential vulnerabilities were uncovered. Although some of these issues were minor and others were critical, the assessment concluded that all of the issues were fixed.

latest news on cryptocurrency market

Following re-testing, New Alchemy said that all seven critical issues had been fixed. All moderate issues were also addressed, expert one which was later re-classified as a general concern rather than a security issue. In addition to this, three minor issues were also taken care of.

According to the latest news on cryptocurrency market, New Alchemy’s report concluded that the XMRWallet application provides an intuitive user interface. All of the aspects of the application were employed, such as value transfers to and from multiple counter-parties. The code development and organization process made it easier to comprehend how the components have been fit together. Minimal external data dependencies, minimal endpoints and minimal unrelated web traffic are the strength of the application.

New features uncovered

The audit was performed as XMRWallet started to introduce a set of new features such as the ability to set the USD pride for sending Monero, matched in XMR automatically. Apart from this, enhancements have been made to the confirmation window, which is seen by the users prior to completion of a transaction and transfer of money.

Nathalie Roy, the founder of XMRWallet, was inspired to launch the platform after she used MyMonero and found out that there were various features that could be improved further. She believed that XMRWallet could support decentralization and provide a backup plan in an event of unavailability of other web wallets.

As per the latest blockchain news , XMRWallet allows quick account creation and the platform supports 10 languages presently. The platform also provides fast transaction times, allowing the users to send and receive Monero right away.

XMRWallet is an open-source web environment for Monero wallets. The platform is completely free for users and relies on donations to provide continuous service.
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Thursday, 19 July 2018

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Latest News on Cryptocurrency Market – Bitcoin Price Rises High - ICO Alert

On Tuesday afternoon, the price of Bitcoin increased by 10% in less than an hour, thereby pushing the crypto currency’s value above $7000 for the first time since June this year. With this, in fact, other major cryptocurrencies gained a boost off the back of Bitcoin’s resurgence with Ethereum, Ripple and Bitcoin Cash all climbing by between 5-8% over the last 24 hours. Indeed, there will be even latest news on cryptocurrency market coming this month setting new benchmarks for the blockchain industry.

Latest News on Cryptocurrency Market

However, the most significant gains were experienced by Stellar and Cardano which further rose by 22% and 16%. Although, the latest hike in the Bitcoin price has still remain farther away from its all-time high which reached close to $20,000 in December 2017. However, all of a sudden spike still represents Bitcoin’s best day in around 3 months which in itself is a big achievement for Bitcoin as it regains its reputation back in the blockchain industry.

Certainly, positive and negative news in the cryptocurrency arena can be attributed towards Bitcoin’s market movements. Earlier this week, a 4% gain followed news that investment firm BlackRock is planning its move towards blockchain space. Matthew Newton, a market analyst at the investment platform eToro said in an email to The Independent that news like BlackRock Company goes a long way in lending legitimacy to crypto as an asset class which is extremely powerful over a long period of time. Mr Newton added that negative news can be more prominent on the market than positive news. This way, investors would be wise to remain cautious as we saw a similar situation in April where some big positions were squeezed which caused the price to increase. Having said that, if Bitcoin pushes past $8k, it will show that the bull is back and prices could continue to climb further.

BlackRock is not one of the first well-established firms in the financial sector to express an interest in cryptocurrency with Goldman Sachs launching a Bitcoin trading operation and thereby backing fintech startup Circle. Circle revealed in the month of May that it plans to launch a digital version of the US dollar which would offer many of the benefits of cryptocurrency while also overcoming the price volatility issue.

Cryptocurrency analysts expect more giants from the traditional financial sector to discover the promising market with some professionals’ suggesting fiat currencies could merge with cryptocurrencies. We also need to remember that cryptocurrencies and blockchain are a 10-20 year project and this will take a lot of time.
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