New wallet flaw can expose users to hacking
According to a Pastebin user, a critical flaw in several wallet apps could expose users’ private keys which could compromise their security.
Tesla owner builds cryptocurrency mining rig in his Model S
The mining rig uses the Tesla supercharge system and could cut down miners’ electricity costs.
Millennials are into bitcoin
A survey revealed that one out of every four millennials would rather invest their hard-earned money in bitcoin than in any other traditional banking schemes. In fact, 24.5% of the 10,000 millennials who participated in the survey favored $1,000 worth of bitcoin over any other forms of financial assets, such as government bonds, stocks, real estate, or gold.
Venezuela announces cryptocurrency backed by oil and gold reserves
The Venezuelan cryptocurrency, petro, will be backed by tangible assets such as oil, gas, and diamond and gold reserves.
Canadian banks consider their own bank-backed cryptocurrencies
The Canadian Central Bank recently announced that they are in the process of investigating the possibility of launching a bank-backed cryptocurrency.
