Archive for the ‘Crypto News’ Category

Bitwala’s LolaBot Project, Dubbed the Siri for Bitcoin

13, Oct 2016

lolabot

Bitwala is a service that makes bank transfers on your behalf in exchange for bitcoins, so you can use it to pay bills in Euro by spending Bitcoin you own. What is more interesting though it the Bitcoin virtual assistant called LolaBot that the company has just launched and it is dubbed the Siri for Bitcoin. LolaBot is a fun and more personal way to get to know Bitcoin and cryptocurrency in general. Not only are visitors able to ask general questions such as the price of Bitcoin, who invented Bitcoin and so on, visitors interested in getting to know Bitwala can also ask questions about the company, the founders, and even about Lola herself.

Do note that LolaBot requires you to use Chrome, Safari or Chromium browser in order for the full functionality to be available, including the voice recognition feature, using it on other browsers will still work, but you will have to type your questions instead of speaking them. It is more of a fun project at the moment than something very functional and useful, but you might still want to give a try and ask LolaBot some questions regarding Bitcoin or crypto currencies or maybe even about the services that Bitwala offers to its customers.

– For more information about Bitwala’s LolaBot project and to try it out yourself…

New Version 2.0 of the Awesome Miner Management and Monitoring Software

3, Oct 2016

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We have covered Awesome Miner software for management and monitoring of mining rigs quite a while ago and now it is time to mention it again. But before we do so, we’d like to point your attention to this site—https://www.spamzilla.io. This website makes it really easy for developing website owners to fish out an expired domain and revamp it to their own needs.

Awesome Miner allows you to monitor and manage multiple mining rigs that can be mining different crypto coins, there is even an automatic profitability switching functionality built in. The software supports multiple mining engines: cgminer, bfgminer, sgminer, ccMiner, CpuMiner-Opt and Claymore’s Dual Ethereum Miner. There is also support for all popular mining algorithms can be used: SHA-256, SHA-3, Scrypt, Scrypt Adaptive N, X11, X13, X15, Nist5, Groestl, NeoScrypt, Lyra2RE, Lyra2REv2, Qubit, Quark, WhirlpoolX, Blake 2b, LBRY, Decred and Ethereum. The main purpose of the Awesome Miner software is to make mining easier to manage with some useful features for both small home miners as well as large scale mining operations. The software can manage up to 5000 miners from a single user interface.

The new version 2.0 of the software improves management of larger mining operations and adds more options for integration with external applications. The new security features make management possible in multi-user environments and the new API and scripting features makes integration and further customization possible. Do note that the majority of the functionality provided by the software is available in the completely Free version, including support for the Awesome Profit Switching functionality. The Free version of the software however is intended for small scale mining and comes with support for a maximum of 2 mining computers or ASIC’s. The Paid versions of the software include some more advanced features and come with support for very large mining operations.

– For more details about the Awesome Miner Management and Monitoring Software…

Security Breach on Bitfinex, Trading Was Halted

2, Aug 2016

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The crypto currency exchange Bitfinex has officially announced that it has experienced a security breach and as a result had to halt trading and stop access for everyone until the situation is resolved. As a result of the hack it seems that the funds of some users of the exchange have been stolen, but nobody knows how bad the situation was apparently. The markets have immediately responded with a sharp drop of the Bitcoin price, a further drop of the already declining BTC exchange rate in the last days…

Below is a quote of the official announcement about the security breach at Bitfinex:

Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex.

We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.

The theft is being reported to — and we are co-operating with — law enforcement.

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

We will post updates as and when appropriate on our status page, bitfinex.statuspage.io. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.


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