Overview Of Bitcoin This Thursday
McAfee’s “Unhackable” Wallet Hacked?
Recent reports have revealed that security researchers have attacked the Bitfi wallet, dubbed the “unhackable” wallet by its promoters: John McAfee. The wallet was hacked and findings show nothing but a cheap phone with the camera and SIM took out. It is now possible to send signed transactions with the device, claiming a Bitfi breakdown.
McAfee reacted with derision by twitting: “A video played on your Bitfi wallet has nothing to do with the safety of your funds. This is amateur hour, not a hack! Any device with a computer and screen can be used to play games. I should start watching my YouTube videos on Bitfi wallet.” He added: “Laughing so hard I can barely catch my breath. “Hackers” play Doom, play videos, root the device, play music on the BitFi wallet. We don’t charge extra for those facilities. No-one has taken the coins from our pre-loaded wallet. No one will. Isn’t this what matters?”
Let’s Talk about Coinbase
San Francisco-based giant in cryptocurrency dealings, Coinbase, has announced that the Distributed systems team is joining the company as it hired the startup. “human-friendly, decentralized identities and permissioned tokens” is the project the venture has been working on, by building a standard for identification dubbed the Clear Protocol.
A digital ID can be of service within the crypto ecosystem, such as for AML/KYC verification for ICOs and be engaging with dapps. Coinbase does not just want to stop there. The company explained in a blog post that: “A decentralized identity will let you prove that you own an identity, or that you have a relationship with the Social Security Administration, without making a copy of that identity. If you stretch your imagination a little further, you can imagine this applying to your photos, social media posts, and maybe one day your passport too.”
Bitcoin Cash (BCH) Only ATM Installed in North Queensland, Australia
Satoshiware NQ has been helping the Bitcoin Cash community of North Queensland in Australia to grow by providing them with the support and training business owners and their staff need to adopt the technology. Staoshiware NQ revealed on social media that it has installed its first BCH “vending machine.” The one-way BCH-only ATM is located at Strand Fitness on Flinders St West, Townsville City. According to the group, five more of such machines will be rolling out across the region.
