Wallet

The ban by Apple and Google of decentralized applications (DApps) is getting serious.

A couple of giant cryptocurrency exchanges globally faced it hot this year especially after experiencing repetitive attacks from unknown hackers. Due to these attacks, both the investors and exchanges lost billions and billions of their money. This year saw quite a few weighty hacking episodes, we have brought you some of the major breaches of 2019.

It has been more than a year now, since a grand total of around 11.6 million in Bitcoin cryptocurrency has been moved from one wallet to another, even when its price skyrocketed, hitting and surpassing the $13k level at one particular point.

The world’s largest information technology firm, Samsung Electronics, headquartered in Seoul, South Korea, has successfully added Bitcoin support to its new upcoming distributed ledger tech (DLT) Keystore Software Development Kit (SDK), and the company has disclosed that its digital currency wallet is compatible with its latest Galaxy Note 10 smartphone handset. Samsung is one of the most active companies adopting cryptocurrency and blockchain solutions in 2018-2019.

Mastercard Incorporated, the United States based cosmopolitan financial services company with its headquarters in New York, is hunting for around 28 cryptocurrency and blockchain professionals in order to help strengthen its team within the distributed ledger technology (DLT) field. They are ready to hire a wide range of blockchain experts including many senior roles, as the corporation are proposing to be intense on creating digital asset and wallet products. Mastercard deals in services such as offering credit, prepaid and debit card payment services to its massive clients in over 26,000 financial institutions globally.

With what seems to be like a new bull run for crypto, securing your coins in a cold wallet is becoming increasingly important. In times like these, a secure but simple to use cold wallet is highly sought for.

Various developers are trying to make money using other people’s or company’s popular names and brands. As we talk right now, there is a person in South Korea that is trying to prey on Samsung’s blockchain ultramodern plans by ripping off the Samsung Coin brand. The person behind this move has been identified as Kim Nam-jin.

Another Ponzi scheme, dubbed Bitcoin Wallet, left investors with nothing, according to the Ladysmith Gazette. The investment scheme was one of the most lucrative projects in South Africa that saw many potential people, investors and companies willingly put their money in it, with the hope of acquiring abnormal returns in the shortest time possible.

The second quarter (Q2) of 2019 has been an active period for cryptocurrency, where by it has seen bigger value fluctuations that pushed up the price of Bitcoin, the original digital currency and the world’s top cryptocurrency by market cap. Bitcoin hit and surpassed the $9k mark last month, and since then, its lowest trading price has been $7,038, a price it never even thought of in the first quarter (Q1) of this year – approximately 90 days ago. More than $150 million worth of BTC was transferred from one wallet to another at different periods of time and different crypto exchanges.