Daily Recap: Binance has a new broom, MEW DNS hacked and new crypto funds popping up

Felix Küster

April 24, 2018

Another day is passing by in crypto world – dynamic and definitely not dull.

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Let’s get started with highlights of the day:

[WARNING] MyEtherWallet.com hijacked on Google Public DNS – your Trezor and Ledger keys are safe as they never leave the device, but the domain myetherwallet.com redirects to a phishing site so I would recommend not to use it until further notice by MEW. Although these security issues are minus when it comes to adoption of crypto, you should know that DNS hijacking has happened to banks as well. Even local versions of Google, Paypal and Microsoft have been hijacked before.
Professor from Israel shows you how to steal bitcoin from an air-gapped computer – Air-gapped computers are those that are isolated from the Internet, local networks, Bluetooth and therefore, are believed to be the most secure devices and are difficult to infiltrate or exfiltrate.
Somewhat biased top-investor sees bitcoin and blockchain as bigger than the industrial revolution – He’s got lot of bitcoins so it is logical for him to come out with claims like this: “It’s bigger than the Iron Age, the Renaissance. It’s bigger than the Industrial Revolution.”
Binance finally brought a broom – A feature that has been requested a lot of times from Binance: the option to convert the dust (small amounts of coins you couldn’t trade) to BNB, the exchange’s currency, is finally available.
‘We Welcome Anonymous Cryptocurrencies’ – you will be surprised to read who said this statement. Click here to read about it.
Ethereum backers have their hands full of lobbying with SEC – They need to convince them that ETH is not a security. Securities are legal relationships between issuers and investors.A useful decentralized token itself, like ether, is not a security, regardless of how it was originally sold or how funds were originally raised to build it. Here is an article that highlights some good arguments for this thesis.
Facebook banned crypto ads but not soon enough – There is a fairly known finance guru in UK that is now suing Facebook for fraudulent crypto ads. Tough period for Mark Zuckerberg, he should buy himself couple of islands because life is not fair to him.
IOTA is making some noise on Hannover Messe – IOTA is very popular in Germany and they had great brand presence in Hannover on one of the largest trade fairs in the world. Fujitsu Europe presented a world’s first distributed ledger technology based on IOTA in the industrial environment, a relatively unassuming INTELLIEDGE software.
Gender equality on blockchain – long overdue, a topic that took over every industry walked in the front door of blockchain house as well. No, blockchain is not only for boys, everyone is welcome.
Crypto funds are popping up left and right – Andreessen Horowitz is planning to open a dedicated crypto fund. AH joins other prolific crypto investors like Pantera Capital, Polychain Capital and Sparkchain Capital. Those firms hold crypto assets, mostly ETH which they use to invest in ICOs.