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Honeyminer Making Crypto Mining Easy

Honeyminer Making Crypto Mining Easy

Honeyminer, a crypto mining application that gives clients the chance to earn bitcoin with laptops, is quickly gaining popularity.

Rapid Success

The app was launched in June, and its client base has reached 50,000 since then. A third of the new users are located in developing markets, and 5 percent hail from Africa, according to the company.

"We've stumbled into something that was far bigger and more international than we imagined." Honeyminer co-founder stated.

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Scam App Mimicking Ether Appears on Google Play Store

Scam App Mimicking Ether Appears on Google Play Store

Lukas Stefanko, a malware specialist from Slovakia, spotted a fraudulent "Ethereum" application on Google Play and shared his discovery on Twitter August 20.

Not What It Seems

In the tweet, the specialist noticed that purchasing the application is "not the same" as buying Ethereum, meaning that the app is a crypto scam made to defraud users by imitating the actual altcoin currently worth around $290.

The app had been allegedly offered at cost of €335 (around $388), as indicated by The Next Web.

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People Use Bitcoin 87% less in 2018

People Use Bitcoin 87% less in 2018

The volume of trading on crypto exchanges is 80% lower this year, and analytics mark a significant decrease of people using decentralized apps (DApps).

Cryptocurrencies Are Waning

About half of the crypto market volume accounts for  5 top cryptocurrencies: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin, making over $12 billion rotate within it. One third of the sum accounts for Bitcoin and one tenth – for Ether. Consulting agency Diar confirms that all altcoins’ prices depend on Bitcoin’s fluctuations.  

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Bitfinex Holding the Line to Defend Against Rumors

Bitfinex Holding the Line to Defend Against Rumors

Cryptocurrency exchange Bitfinex has been accused of being insolvent in a series of articles on Medium. In Sunday’s blog post, the company denied the rumors by providing counter-arguments.   

It’s All Good

Bitfinex stated that it is not insolvent, and “as one of only a very few exchanges operating since 2013, with a small team and low operating costs,” they do not understand the accusation, which, in their opinion, is unfounded. 

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Not-a-Billionaire Vitalik Buterin Responds to Accusatory Tweets

Not-a-Billionaire Vitalik Buterin Responds to Accusatory Tweets

The co-creator of Ethereum and one of the most influential people in crypto Vitalik Buterin denied the rumors about him being a cryptocurrency-billionaire. 

New York University professor Nouriel Roubini’s posted a tweet, in which he accused Buterin of usurping 75% of the Ether supply. In response, Buterin claimed that he had never held more than 0.9 percent of Ethereum, adding that “there are no criminal laws against pre-mining.”

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