06/01/18 - Crypto News Recap

Today's News

• Man loses LIFE SAVINGS in Ledger Wallet Scam!
• Brazillian Voting System planning to be on Ethereum
• Meltdown and Spectre Flaws & Wallet Safety
• James Altucher's Bitzumi

Man loses LIFE SAVINGS in Ledger Wallet Scam!

 I have not used my Ledger in a week, today I decide to check the value of my XRP, Litecoin and Dash only to discover that all of them showed up as zero and had been transferred somewhere else yesterday all around the same time at 7:30pm. I am not sure how this is possible as I have not access my Ledger in a week. I do not know what do to as the total value is over £25000, has by currency been stolen or is it something else? I am at a lost here and right now feel so physical sick. Some please help. 

This prompted these awesome replies from Ledger

 Please contact us directly by PM with your email. We'll put you in touch with our General Counsel so we can help you file a formal criminal complaint and bring the eBay seller to justice.  - Ledger CEO

 We'll contact you privately /u/moodyrocket and assist you in filling a police complaint against the seller.  - Ledger CTO

Source from Reddit.

Brazillian Voting System planning to be on Ethereum

 The Brazilian government is seeking to move popular petitions, an inefficient electoral system of the country, onto the Ethereum network, to process hundreds of millions of votes on the immutable Blockchain network. 

 “In part this is due to the absence of a platform that can securely collect the signatures of one percent of voters. We’ve been through a sort of crisis regarding the legitimacy…of our laws. Although the popular initiative does exist, there is no secure way to collect people’s signatures so people can propose bills themselves.” 

Source.

Meltdown and Spectre Flaws & Wallet Safety

 Recently leaked computer vulnerabilities Meltdown and Spectre offer yet another reminder of how hard the digital age makes it to keep private information – even cryptocurrency private keys – safe. Unveiled Wednesday, the widespread hardware vulnerabilities simultaneously impact Intel, ARM and AMD computer chips, which power the vast majority of the world's computers, mobile devices and servers, making it possible to steal private data such as passwords, financial information or just about anything stored on any device that uses one of these chips. 

 "An attacker who has knowledge of a sufficiently powerful vulnerability can theoretically force your CPU to reveal secret data such as private keys used to control your bitcoin." 

Stay safe, security is key. Source.

James Altucher's Bitzumi

Altucher has been around the financial circuit for quite some time as a well-known author, entrepreneur, and he’s sometimes called a “guru.” This week it was revealed in a U.S. Securities and Exchange Commission (SEC) filing that Altucher is backing a company called Bitzumi, Inc., which plans to launch a bitcoin exchange.

 “Bitzumi is a vertically-integrated Bitcoin exchange and marketplace. Our mission is to drive growth to the cryptocurrency industry — We plan to launch our business divisions with a phased approach,” 

Source here.

Not much news today :/

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