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Child Pornography Ring Leader Sees Crypto Assets Frozen by Seoul Court

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A justice court in Seoul has agreed to the petition by prosecutors requesting to freeze cryptocurrency wallets belonging to the leader of the Nth Room case. In addition, the court also froze all the security deposits, and stock accounts of the alleged child pornography ring leader. 

The accused, Cho Ju-bin is the suspected head of the Nth Room, which is a Telegram channel under investigation for child pornography. According to a report by media outlet  KBS Korea, the Seoul Central District Court Criminal Settlement Division 30, under the guidance of Judge Lee Hyun-woo, agreed to the demands by prosecutors to confiscate 15 crypto wallets allegedly owned by Cho.

The crypto assets held within the seized wallets are suspected to shed light on the magnitude of profits that the child pornography ring leader earned with the illicit scheme. In addition, the court noted that the  130 million won ($106,734) found in Cho’s apartment back in April as a crucial piece of evidence in determining the gains made by Cho.

Cho is being charged with organizing and overseeing a network of sexually-related crimes such as broadcasting of child rape footage. According to the investigators, the child pornography scheme gained a lot of members who subscribed using cryptocurrencies to gain access to the chat rooms. 

Crypto industry aiding with investigations against child pornography ring

Furthermore, both the domestic cryptocurrency industry and the authorities have participated by aiding in investigations. The crypto industry aims to minimize the usage of digital currencies in committing criminal activities. 

For instance, Bithumb cryptocurrency exchange officially delisted Monero (XMR) from the platform on June 1, as part of its contribution to the Nth Rooms investigations. Monero was allegedly the primary cryptocurrency used by the child pornography ring. 

The authorities have allegedly managed to track the digital fingerprints of about 40 individuals who allegedly paid using digital currencies to view child porn videos and sexual violence content. It is suspected that South Korean crypto exchanges helped the authorities to track down the suspects; although it is not yet officially confirmed.

Warning: Hackers Can Steal Your Crypto With Coronavirus Maps – Safety Tips!

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Recently, a security researcher pointed out how hackers were using coronavirus dashboards for malware injection to dig a user’s data and steal its personal information.

The pandemic has been all over the news, people from around the world are constantly hooked to find information about it on their screens. Be it to learn more about the disease, its prevention, symptoms or statistics – content related to coronavirus, sells. 

Shai Alfasi, a security researcher at Reason Labs figured out that Coronavirus dashboards were used not only to provide information related to the pandemic but was also sucking out data. 

Hackers are now in a position to steal personal empirical data such as passwords, account details, card details, and much more sensitive information most people have stored on their browsers. Shai even stated how the notorious parties are currently targeting Windows devices only but in no time can learn attacking other devices as well.

Screenshot from 2020 03 24 19 11 23 1

It has been recorded that malicious programmers are using AzoRult to steal users’ data. The malware was first discovered in 2016 as an information theft tool that is used to steal browsing history, cookies, IDs, passwords, etc.  It was sold on Russian underground forums to collect various types of sensitive information from an infected computer. But not just this, the malware is now advanced to even pull out cryptocurrency-related information such as wallets IDs, passwords, private keys [if saved] and a lot more!

All of us go through articles and online content on trustworthy as well s untrustworthy sites. SOme store our information and some make us feel like they don’t. Nevertheless, at such vulnerable precedented times, it’s vital to keep our selves safe not just physically but even digitally. 

In such situations, precautions and digital data security is important. Here’s a list of things you can do to maintain your personal digital security:-

  1. Backup your IDs, passwords and wallet details offline. 
  2. Erase your cache, personal data storage, passwords, etc from your browsers. 
  3. If you notice a device you own is responding slower than usual or you’re experiencing persistent pop-up messages, spam, or malfunctions, your device may be infected with malware. In such a situation reset your device, check if your wallet has been compromised and install anti-virus/ malware software.
  4. Keep 90% of your crypto offline in cold wallets. 
  5. Keep only 10% or less of your crypto in hot wallets if you need liquidity in hand. 
  6. Don’t visit unpopular, shady sites for information related to the pandemic. Stick to government forums or popular secured sites.
  7. Run regular scans on your computer to detect any malware. 
  8. ‘Secure’ your network, and ‘think’ before you ‘click’ or ‘submit’ your details or ‘allow’ any sort of permissions.

Additionally, always check the domain you visit to avoid phishing activities. Monitor coronavirus maps closely as malicious sites function differently than originals. 

 

 

Disclaimer note: This article is not a piece of investment advice. Please do your own research before investing/trading in cryptocurrencies.

Amidst Corona Chaos Leading Italian Bank Launches Full Fledged Crypto Wallet

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Despite the fact that the world is fighting the coronavirus outbreak and the nationwide lockdown, Italy’s leading bank, Banca Sella has rolled a full-fledged crypto wallet.

The bank has likely leveraged the potential demand for virtual money as people are transforming their way from fiat to bitcoin as part of safe money following the ongoing crises. As per the report, the bank with its unique platform dubbed as “Hype” is aiming to foster the adoption of virtual money.

Per the reports, this new wallet enables people to purchase, sale and store the Bitcoin. In addition to this, people can start purchasing goods and services using cryptocurrency through this new banking wallet. Interestingly, the wallet serves nearly 1.2 million users of the bank’s HYPE Plus digital platform. However, the bank foresees the accessibility of this service to all Banca Sella Customers.

Noticeably, the platform is designed and integrated by a crypto company, Conio. This integration is said to be as equivalent as jamming Coinbase app into a bank account. Christian Miccoli, the co-founder of Conio said that;

“Banks feel threatened by cryptocurrencies and, like all big organizations, have a natural tendency to resist change. But this time innovation is impossible to stop: it is akin to trying to stop the wind with your hands”

Beside Banca Sella bank, other banks are also following in this stream, for instance, Ziglu which is yet to release and Revolut with almost $5.5 billion valuations is exciting their customers by combining crypto services. However, concerning the Revolut’s crypto banking services, Conio’s co-founder Vincenzo Di Nicola said that;

While Revolut may give the impression to manage Bitcoin,” customers can “neither receive Bitcoin nor can transfer them: it’s a walled-garden approach that actually defeats the purpose of a cryptocurrency.”

Although people have self-quarantined, yet, Hype’s approach is that the people are now more cautious of coins and paper money. The fear that COVID spreading across the world, people are turning to digital currency by dumping the paper version of money as a cleaner solution for the future.

Upon Death, What Happens to My Bitcoins?

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No one really has an idea of how long digital currencies will last, but it is a fair bet they will probably outlast you. It is not easy to pass one’s digital assets to their loved ones after one’s death. At least it is not as straightforward as passing cash or other properties.

In particular, given that wills are not tailored for confidential information, including one’s private key in the document would be a horrendous idea. According to Gordon Fischer, an estate planning attorney:

“I would strongly advise against anyone putting any information they consider private into their will. Wills, after your death, become court documents and are generally public documents, accessible by anyone.”

A Private Key refers to an almost unchangeable passcode. It is generated when someone creates a new cryptocurrency wallet and should be kept as safe and secure as possible. Unfortunately, there is no given way of regaining this private key for a probable heir, since there is no central authority that monitors those keys. It is quite safe to suggest Bitcoin affords one a unique challenge upon death.

If you depart this life without leaving anyone the private key, your bitcoins practically become beyond reach to anyone. In a similar fashion, if you endow your private key without mention of what it is and how to use it, your bitcoins are likely to be bygone. The brilliance of bitcoin is that the algorithm that creates them intrinsically limits the supply. This means when bitcoins are lost, the remaining ones in circulation become a little more valuable due to scarcity. However, this will not help your loved ones, will it?

How do you make sure your bitcoins are well passed on?

The easiest method is to ensure that your loved ones are aware of your bitcoin account. In addition, you should either entrust them with the private key now; or store the private key in a fitting secure site such as a safety deposit box. You can even reserve the private key on a thumb drive or an old-fashioned piece of paper.

If you become more concerned about security to trust the above methods; plus you have a fortune in cryptocurrency, you have a few alternative methods available to make sure that your potential heirs have access to their inheritance.

This one is interesting. It is possible to set up a “time locked” transition that will happen after a defined number of years in the future.  With the assumption that your heirs still have access corresponding receiver address to accept the crypto; they will receive the funds on a defined future date.  However, that is a risky move. The transaction will take place whether or not you are alive or dead, on the scheduled transaction date.

In addition, third parties such as Coinbase offers a more traditional alternative method: a vault. This is typically a safety deposit box for your private key. Coinbase offers joint accounts, which ensures your loved ones have an easy transition and access to their digital inheritance.

A clear set of estate plans

 Whichever method you choose to adopt, ensure that you have a clear set of estate plans in place. Making your wishes known helps you to circumvent probate; which is a strenuous enough procedure. 

The laws on the inheritance of crypto assets can be hazy and depends on the country you live in. It is important to consider consulting an attorney to help come up with your estate plans. Different sites may have different terms and conditions to apply; yet another reason to pursue professional guidance.

Moreover, the Revised Uniform Fiduciary Access to Digital Asset Act (RUFADAA) initiates the rules and regulations regarding digital account freehold. It’s significant to acquaint yourself with the RUFADAA; more importantly, update your wills, trusts, and POAs in conformity so that your fiduciaries gain access to your crypto assets.

Conclusion

Various digital assets, such as your Facebook page, may not have much monetary value. However, digital currencies have a basis and valuation that requires monitoring. Such assets can influence your estate taxes and the amount you pass to potential heirs.

The growing admiration for digital assets will not vanish anytime soon. For fiduciaries, it is significant to take the right insurance; and understand the nuances of such assets in the planning of digital estates.

 

Peter Schiff Blames Crypto Industry for BTC Shutout; Erik Voorhees, Jameson Lopp claim he’s crying wolf

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There have been several reported cases of people losing their digital assets like Bitcoin mainly because of negligence or actions taken by bad actors. In a recent twist of events, it has been discovered that a gold proponent had lost all of his BTC holdings.

Peter Schiff, the CEO of Euro Pacific Capital and major Gold ‘shiller’ tweeted recently that he had lost all his BTC because of a supposed problem with his Bitcoin wallet. This news resulted in several crypto evangelists coming forth to defend the characteristics of the world’s largest cryptocurrency. 

The host of the Peter Schiff show has a reputation for being against Bitcoin and other cryptocurrencies. Schiff has also maintained strongly that no matter what the developments, gold will always reign supreme over Bitcoin. This sentiment was one of the reasons why crypto supporters thought Schiff’s latest story was fabricated. His tweet read:

The error message on Schiff’s wallet pointed out that there was an issue with decrypting the individual wallet file. Now it is not really confirmed if Schiff actually lost all of his assets but some BTC proponents were having none of it.

Erik Voorhees, the CEO of Shapeshift candidly stated that the mistake was all on Schiff because there was no integral mistake with the Bitcoin wallet. Voorhees claimed that he had helped Schiff set up the wallet and had even asked him to secure it properly.

According to the Shapeshift official, Peter Schiff had actually forgotten his password and was trying to blame the cryptocurrency for no substantial reason. Even Jameson Lopp joined hands with Voorhees in stating that crypto provides financial sovereignty, albeit to users who are careful.

Schiff followed up his original tweet with one saying that the BTC he lost were ‘gifted’ to him. He reiterated that he did not believe in Bitcoin but was rather planning to HODL his assets till ‘Bitcoin sank’. It was understandable as to why the crypto community questioned the authenticity of Schiff’s comments.

The gold bug had made multiple headlines earlier when he claimed that marijuana was more useful than Bitcoin. His logic was that users cannot do anything with BTC but if the same person smokes marijuana, they get high.

Despite the cloud surrounding this event, the issue of cryptocurrency wallet losses has been persistent within the industry. Last year, customers lost almost $145 million in terms of holdings due to the death of Quadriga CX CEO, Gerald Cotten. This was a major reminder to people that they need to be more careful about their private keys and passwords so that they can retrieve their BTC safely.

So you need a Bitcoin wallet? Keep this in mind

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The cryptocurrency world is high-tech, automated. Most projects are highly decentralized. Many good things derive from those features, but they also mean that the system does not forgive any mistakes. The lack of central authorities in, say, the Bitcoin network, makes it impossible to clarify or repair any errors, innocent though they may be. Navigating the crypto-verse successfully and free of slips is to make informed choices.

One of the first few (and most important) choices you’ll need to face is choosing the right Bitcoin wallet for you. Even if your main interest is not in BTC, but some other altcoins, the trading pairs in most exchanges are not designed to use fiat currencies.

Most altcoins are trading against Bitcoin, so there’s just no way about owning Bitcoin at some point or other. In this article, we’ll try to shed some light and give you the information you need to select the wallet that gives you all the functionality and security you need.

Bitcoin remains the world’s central cryptocurrency. As such, it holds most of the attention of all kinds of investors all over the planet. From the rookies to the most seasoned professionals, Bitcoin is the main thing. In this context, it’s understandable if you have doubts about timing. Is this the right moment to join in the action?

That shouldn’t worry you too much. The blockchain technology industry is expected to keep growing steadily (if with fluctuations) and being fully matured by 2025. Blockchains will become part of our daily lives at some point in the next six years. So the first step in this journey is choosing a Bitcoin wallet.

The crucial thing is to make an educated choice when opening your first Bitcoin wallet. Too many new users get scammed just because of lack of previous research. A functional Bitcoin wallet satisfies a brief list of relevant criteria. In this article, we tell you what those are.

Wallet Types

Bitcoin wallets come in five different varieties: paper wallets, mobile, desktop, web, and hardware. Let’s dig a little deeper into each kind.

Hardware

You can think of hardware wallets as a sort of long-term investment repository. They’re considered cold wallets because they are never online on the internet. The form factor usually resembles a USB sticks or a small tablet device. The main feature in this kind of wallet is its high degree of security you can have when all of your private keys are stored offline. That feature alone makes hacking incidents almost impossible.

It’s the most expensive type of wallet because you have to buy a physical device. Because of the cost, you shouldn’t consider a hardware wallet unless you’re going in for USD 1.000 or more and you plan to stay in crypto for the long run.

However, the price is worth it. As far as we know, no cryptonaut has ever lost a single Satoshi while using hardware wallets. Along with high security, physical-digital wallets are easy to use. Completing a transactions needs just for you to plug your wallet into your computer and get the authorization. The high costs associated with the devices are the main disadvantage. However, there are suitable devices available in the market at reasonable prices.

Web Wallets

In stark contrast with hardware devices, Web Wallets are the most insecure of all. The wallet’s data is usually stored on cloud services so that this kind of service provides access to a myriad of different devices as long as they have an Internet connection. This easy access is not always a good thing since it makes it very hard for users to keep full control over their private keys. The risk of exposure is very high.

The reason that so many users prefer web wallets despite the security challenges they present is, quite simply, that they are very convenient to use. They are probably the most comfortable way to manage your digital assets, but it comes at a price.

The pros are that these wallets are straightforward to use, highly practical, very convenient, accessible from anywhere in the world, and they don’t need any specific device because they’re usually on very versatile cloud networks. The cons are all about security. Most of the scams we’ve seen in crypto over the years have to do with loopholes in web wallets.

We find that kind of situation all the time when considering any digital wallet. You can have excellent security, or you can have fantastic convenience of use and accessibility, but you can’t have both at the same time. This problem can’t be solved, but you could have a hardware wallet to keep safe the portion of your capital you consider untouchable while also having a web wallet you used for relatively small quantities for everyday trade and payments.

Desktop Wallets

Similar though desktop wallets may seem to web wallets, they’re a different animal in several ways. They have much better security features for a start. You can download and install a desktop wallet to your PC or laptop computer quickly and easily, no strings attached.

Most of these wallets need an internet connection, so they’re usually considered to be hot storage. The problems arise when there are virii on your computer. When that happens, the risk is to lose all your digital wealth to the hackers that control a given virus.

While desktop wallets are very convenient and easy to use, we go back to the problem of security vs. convenience. If you are going to choose a desktop wallet, you must first make sure your computer is adequately protected against cyber infections that can give away your private keys to external parties.

Mobile Wallets

If you have a mobile banking app on your phone, then you’re all set to start using a mobile digital wallet. Both apps are almost identical. A mobile wallet enables you to use your cryptocurrency to pay for goods and services. It’s quite popular in Asia and the Pacific.

As things stand right now, you can even get a physical plastic debit card associated with your wallet that you can use in settling payments in just the same way you can use any Mastercard or Visa. Security in this kind of wallet is not optimal, not because of holes in the software, but simply because there’s always a risk of losing a mobile phone, or that malfunctions can arise.

Mobile wallets are the most convenient ones by far — yes, even more than web wallets — as they enable you to use your digital wealth on the go. However, if security is your top priority, you’d be better off using hardware or desktop wallets.

Paper Wallets

Yes, paper wallets are a thing in cryptocurrencies. It’s hard to believe that one of the most advanced digital technologies in human history could still need physical pieces of paper to work. That said, some paper wallets do have excellent security features.

As the name implies, this is a wallet that made out of ink and paper. It’s basically a slip in which the public and private keys associated to you are printed. The term also refers to the software or web platforms that generate the keys, as well as the digital version of the paper that you’re supposed to print. The keys are stored offline, so paper wallets are cold storage, and they’re utterly immune to cyber-attacks. Hackers are not a danger for paper wallets at all. Things can only go wrong if you lose your slip or if it’s stolen from you.

While paper seems rudimentary and anachronistic in the era of Bitcoin, it’s as well protected as you want, and if you wish to keep your Bitcoins safe and away from the net for a very long time, paper can indeed be the way to go. The problem is the lack of convenience. Settling a transfer needs to scan a QR code or to type by hand your encryption keys which is a bit of a bore, and it’s prone to errors.

The chosen ones

In this last section, we tell you which are the six digital wallets we regard most highly.

Coinbase: the best web wallet

It’s is the path of least resistance if you want to buy and sell digital tokens using several devices. It allows you to link your digital wallet directly into a bank account so you can move money freely between both services. Token purchases are instantaneous, so it’s an optimal choice for beginners.

Trezor: the best hardware wallet

In the most secure wallet category, Trezor is the safest option. It’s a physical device you need to plug into your computer every time you want to manage your digital wealth.

The device supports several currencies, and it includes many other useful features like a password manager and two-factor authentication. Just make sure not to lose your password because, while there is a recovery process, it’s a very long one. That’s not a bad thing. The wallet is supposed to keep your tokens safe, so the toy is doing the job correctly.

Electrum: the best desktop wallet

Electrum is available for Linux, Mac OS X, and Windows. It can connect with hardware wallets. It’s an offline (cold) wallet with excellent security. It offers something for everybody. Its advanced features are delightful to the more experienced users while beginners find that it’s easy to run, install, and used.

Crypto.com: the best mobile wallet

It’s an innovative platform when it comes to cryptocurrency and payment systems. It offers the Metal Visa cards at real cost and with a 5% cashback on all spendings. If that doesn’t impress you, there’s more. The users can instantly apply and get crypto loans by depositing digital assets into their accounts.
It’s innovative, catchy, and it has a comprehensive feature variety. Crypto.com stands out from the rest.

Bitcoin Paper Wallet: the best paper wallet

If long-term security and immunity from digital attacks are your top priority, then paper key storage is the way to go.

Bitcoin Paper Wallet generates unique addresses as well as public and private encryption keys, and it prints them out for you. Thus your long-term digital capital remains offline, safe, and ready for you to use when the time comes. Is it a bit too old fashioned for the current times? Yes. That’s why it’s immune to technological problems.

Final thoughts

So now you know. The market is flooded with apps, software, and websites that purport to be the one wallet you’ll ever need to navigate the cryptosphere safely and conveniently. Unfortunately, not every option is reliable nor safe.

Getting involved in the cryptocurrency market is very exciting, but profiting from it is a tough thing to achieve. That’s why you should never hesitate to do enough research before you pick a wallet. It could be the difference between total success or becoming one of the many scam victims we’ve seen over the years.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Binance Coin (BNB) gains the support of Cobo Wallet and its Custody

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One of its very own type crypto wallets, Cobo announced yesterday that it had integrated Binance Chain. As a result, BNB holders will now be able to store their cryptos inside the wallet. 

The latest cryptocurrency wallet supporting Binance Coin, Cobo Wallet is originated from China with its HQs in Beijing. Currently, it is available in over 80 countries and plans to expand its network across new states, including the U.S., Indonesia, and Vietnam in particular. To enter new markets, Cobo in a recent Series A gathered around $13 million. This adds financial stability as Cobo aims to build a superior network.

Cobo is the very first digital assets wallet that originates PoS (Proof of Stake) and master node pooling to allow users to store their digital currencies safely, use and invest in cryptocurrencies – that all within a single app. It also gives PoS cloud staking rewards to the holders up to 40% per annum. At the moment, it supports over thirty coins and almost 700 tokens.

As a crypto startup, the main objective is to provide users with long-term services which are secure, reliable, and convenient. For this, Cobo has developed two different products for different level users, as it offers Cobo mobile wallet and for advanced users, it provides the services of a high-end cold storage wallet named Cobo Vault (hardware wallet). Moreover, for institutional investors, it offers custodial services as well.

The addition of Binance Coin (BNB) to Cobo wallet is an outstanding development for the digital asset. It will allow BNB holders with an excellent option to opt such a wallet which is one of its very own type providing with the master node and PoS Pool skating services. Moreover, the transaction fee is zero, which adds a great advantage for a buyer. It also delivers zero-latency transfers between the Cobo wallet users. 

Binance Coin holders will now have a secure platform that will provide them with a multi-factor authentication system which is a modern user-end security system. It also gives proprietary server-end security service that allows dynamically allotted assets to minimize any risk and a cutting-edge cold-hot server separation. The private keys can be stored in the multi-signature cards. So, overall, the crypto wallet has an industrial level security ecosystem.

Cobo will allow the Binance Coin holders to have access to decentralized apps, including CryptoKitties, FOMO3D, and more. Cobo’s close collaboration with the digital assets like ETH, TRX, EOS and other programs means that the wallet allows its users to have access to exclusive functions that include account registration, voting, resource summary, Dapp tools, and procurement, etc.

An overall impact of this development will boost the adoption of the digital asset, BNB. With new things emerging in the cryptosphere, digital assets like Binance Coin have an excellent opportunity to make a large user base and step its authority in the crypto market. One significant advantage for BNB coin is that it is backed by the Binance exchange, which helps in the expansion of the crypto asset.

Binance Coin is the 6th most significant asset in the market, as we write this. BNB in the recent past has shown sublime performance in the market while outshining some top cryptos. Currently, it traded in a slight bearish zone with a price of $29.59. The volume of BNB has risen significantly, and such adoptions will improve its volume more in long-term progress.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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DigiByte (DGB) releases a new version of its crypto wallet for Android users

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DigitByte is one of the fastest and secured blockchain technology that’s in the market for five consistent years. DGB claims it is 40x faster than Bitcoin and has the best-decentralized blockchain network in the market. In the last five years, it has set up several blockchains first, i.e., Segwit, DigiShield, DigiAssets, and MultiAlgo mining.

DigiByte (DGB) claims it is hack-proof, and users can store anything that is confidential starting from currencies, information, property, and documents.

Its blockchain is composed of three main layers: core protocol layer, digital asset layer, and application layer. The DigiByte wallet is available for Windows, Mac, Linux, Chrome, Android, and iOS devices.

DigiByte wallet for Android comes with a lot of features and perks. It comes with features like,

  • Simple payment confirmation

  • Fingerprint authentications

  • Import and restore from other phones

  • Server-less functioning

  • Personal retrieval key for backups

  • QR code scanning enabled

  • Currency conversion options

  • Digi-ID for swift and secured authentications

DigiByte has released its latest version 3.0.0 for android along with Odocrypt update. In this update, DigiByte has released the below-mentioned features:

  • Odocrypt support that allows users to re-sync just once.

  • Recurring payment options that will ask for user confirmation.

  • Daily payments are from 2-6pm the next day, weekly payments are by the first day of that week, and will be by the first day of the month for monthly payments.

  • Available for both sending and receiving.

  • 64 bit build supports is now live.

  • Dandelion++ support will now apply during transactions.

  • SMS sharing is fixed.

  • Supports Android version 19 and above, support for Jelly bean is not rolled out. Jelly Bean users can instead use DigiSweep.

DigiByte with this recent update has facilitated users in multiple ways, and the wallet helps in improvisation of payment management. Digitbyte’s iOS update can also be expected to go public soon; you can try the same using this testflight link. Apart from Android, DigiByte supports wallets for Windows, macOS, iOS, Linux, and ChromeOS that can be downloaded from their website (digibyte.co).

Digibyte and DigiAssets do take care of encryption, identity, notarization, immutability, and authentication offering ultimate security in fund transactions for users.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Exodus Mobile Wallet Officially Adds TRON (TRX) Support

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According to yesterday’s announcement by a well-known cryptocurrency wallet Exodus, TRON (TRX) will now be available in its mobile version. Exodus Mobile offers an app for Android and iOS alike, allowing traders and investors to manage their cryptocurrencies on the go. By adding official support for TRON, the wallet will let users secure, manage, and exchange TRON in seconds, no matter where they are.

TRON and Exodus

TRON and Exodus already have a history together, and they maintained a strong relationship ever since Exodus first added support for TRX coins back in October 2018. Back then, Exodus listed TRON on its desktop wallet, allowing users to manage the coin, as well as trade it against 50 different assets, including the top cryptos such as Bitcoin, Ether, XRP, and others.

This was a significant move for TRON, as Exodus wallet became quite popular, and listing the coin allowed it greater exposure. Not that TRON was suffering from the lack of exposure, but every new move that allowed its ecosystem to grow and expand was welcomed by Justin Sun and the TRON Foundation with open arms.

Now, TRON also joined Exodus’ online wallet, thus making it instantly available to those who prefer to do their trading via smartphones.

Exodus Mobile itself is quite a newly-developed app, being launched only a little over a week ago, on July 1st. Already, the wallet is hard at work when it comes to adding supports for many different coins, with TRX being among the first ones.

With the launch of the mobile version of its wallet, Exodus now even allows users to sync it with the desktop version. Those who decide to do so should keep in mind that connecting Exodus Desktop and Exodus Mobile will overwrite the mobile wallet. Those who have any funds in their mobile version of Exodus should transfer them to Exodus desktop before syncing the two.

TRON ecosystem continues to grow

As for TRON itself, the coin has been performing preferably well in 2019, although it did have ups and downs throughout the first half of the year. It was even pushed out of the list of the top ten largest cryptocurrencies by market cap, although it managed to return in the past few weeks.

The coin’s price managed to double in size since the start of the year, with its highest point in 2019 being at $0.040, reached on June 1st. Since then, the coin saw a drop to $0.032, only to surge again to just below $0.040, and then drop again in early July. For the moment, the coin appears to be struggling with breaching this level, although it has kept escaping from falling by strong support at $0.032.

At the time of writing, however, the coin is once again experiencing a small decline, after an attempt at growth, which led it to $0.035. This level started acting as a resistance as well and prevented it from surging further up. In other words, while the addition of TRON on Exodus’ mobile version will undoubtedly be beneficial for the users, it does not appear to be doing much for the coin’s price as we write this. Still, keep an eye on it, TRX could surprise many soon.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Top 4 Monero wallets to keep your XMR tokens safe

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Bitcoin’s dominant status in the crypto verse is no secret at all. It’s the king. It’s the mother and father of all digital assets. It dominates the conversation both within and without the cryptosphere. It also dominates the market because of its price, capitalization, trading volumes. In fact, BTC is so important that people outside the crypto world often consider crypto and Bitcoin to be synonymous and BTC the only game in town very much like jello and gelatine.

There’s nothing wrong with Bitcoin’s reputation and influence, of course. And it’s a fact, even if there was something wrong indeed. But any cryptonaut knows that BTC is not the only game in town. Many other cryptocurrencies exist, and some of them are exciting projects with advantageous features and solid fundamentals. They’re rising in value and adoption because they have concrete use cases that can complement Bitcoin’s sheer power. One of those coins is Monero (XMR).

CoinMarketCap ranks Monero as the world’s 13th most tremendous digital asset by market capitalization, and it the project’s core values, especially its emphasis in privacy and anonymity, are helping XMR to become increasingly popular.

XMR came to life when a group of Bytecoin community users led by Johnny Mnemonic decided to take over a somehow failed cryptocurrency project called “BitMonero” which was started by a user known as thankful_for_today who started the ball rolling but then disappeared from the stage

Every transfer settled within XMR’s chain is anonymous, private, and untraceable. That’s why users trade their BTC or any other coins they may hold into XMR, then back into BTC. That conversion breaks links between transactions. Trading in Monero means being basically invisible within the crypto verse.

Monero’s innovative nature is also shown by the fact that it’s not based in Bitcoin at all (as so many other projects are), but it’s instead based on CryptoNight as a hashing algorithm. Every transference is shielded by cryptographic technology, so only the parties directly involved in each transfer know precisely what’s going on.

The unique specifications Monero has make it a favorite for every privacy expert and enthusiast in the world. And also for criminals, which is unfortunate but unavoidable. That’s how many governments around the globe are justifying their attempts to ban Monero as well as other privacy-focused digital coins.

BitOasis is delisting XMR as this month ends and, while it’s not explained why, chances are it’s just because it wants to avoid the controversy that comes with supporting a blind spot for governments and authorities.

Yet, Monero remains a rising star in the crypto horizon, and lots of new traders are coming in to become holders.

As we hope you know, you should never keep your hard-earned digital wealth in any exchange platform for more time than strictly necessary to complete a trade. Especially not in centralized exchanges, which still are the rule. The purpose in exchange platforms is to trade, not to store tokens, so if you own Monero (or any other cryptocurrency), you should have a wallet that can hold your tokens. If the wallet is cold, an offline one, then it’s even better.

In this article, we’ll tell you about four good options for wallets that you can use to keep your XMR coins, and many other currencies as well. You shouldn’t use our information to support a final decision, though, but as a starting point for your own research.

Ledger Nano S

This is a hardware wallet which has quickly become one of the favorites in the cryptosphere. It supports a lot of different tokens, it’s small and portable, safe, easy to use, and it’s not free, but it’s one of the cheapest (and best) devices of its kind in the market. Of course, it supports Monero, and it can handle it very well.

The device itself looks very much like your run-of-the-mill USB stick, except that it includes a tiny screen. This cute little toy keeps your XMR offline and safe until you decide to use them by just connecting it to a computer, which you can do anywhere.

Ledger Nano S supports all the big players in crypto and also many lesser-known altcoins, so it’s very versatile and useful. But if you like XMR, the chances are that you are quite concerned with safety, privacy, and anonymity and this device is your friend in that regard. Ledger has two-factor authentication, a PIN code, and recovery seed accessibility. It’s as tight as wallets can be.

No, it’s not free. But no hardware wallet is free anyway. And this one is priced very competitively if you take into account how fully featured it is.

Monero GUI Wallet

This is not just any wallet, free or otherwise. This is Monero’s official wallet. It’s a desktop app that includes a graphical user interface with all the bells and whistles you could expect or want. The robust security features in the software mean that downloading it and syncing it is not a quick process, but you need to download it only once, and your patience is rewarded by having one of the most robust XMR wallets in the market.

Besides its robustness, it’s quite easy to use, especially for crypto-rookies. So this is the ideal choice for a user who wants to get involved with the Monero environment but doesn’t want to complicate things any more than it’s strictly necessary or spend money on a commercial wallet such as Ledger Nano S.

My Monero

MyMonero is a perfect web-based XMR wallet with good credibility as it’s developed by one of Monero’s original team members. This wallet is the friendliest to users, but maybe it’s not as safe or as fully-featured as some would like.

It’s a web platform, so you get there, open up an account, and manage your Monero wealth via the web. A 13-word password protects your security as a user, which you need to keep secure in the long run.

The fact that you need an account on a website is probably this service’s primary drawback. Anonymity is one of Monero’s hallmarks, and that purpose is kind of defeated by the need to have your wallet in a web account that’s directly traceable to you. Still, it has other advantages.

Monerujo

Last but not least, we have an Android wallet called Monerujo. This is an open-source project. All your data is stored locally, on your Android device. The app can manage several different wallets at the same time, and it can transfer funds back and forth using Monero to settle payments. It’s unique in that regard.

As it happens with most Android apps, it’s effortless to use, and the interface is very intuitive for all kinds of users.

Of course, increased portability brings a lot of convenience to the table, but if you lose your mobile phone, then you’ll have a tough time recovering your XMR tokens. So if you’re going mobile, you need to also invest the attention and energy in being extra careful about not misplacing your tablet, or phone or whatever device you’re using.

Other options

Many other wallets of all kinds support XMR because it’s becoming one of the crypto verse’s more popular (and useful) currencies. Chances are you’ll find one that suits your needs very quickly. But when it comes to keeping your XMR safe, specifically, the options we described are indeed the best in the market. This applies especially to the first two because Ledger Nano S is indeed one of the best hardware wallets and because Monero GUI Wallet is the project’s official wallet.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.