An Android security engineer has again confirmed the existence of the vulnerability that made the most popular Bitcoin wallet apps for the platform open to attack, and offered help for developers.
The Bitcoin Foundation has issued a security advisory warning users that have generated their Bitcoin wallet with an Android app that their Bitcoins can be easily stolen.
The Securities and Exchange Commission charged a Texas man and his company with defrauding investors in a Ponzi scheme involving Bitcoin, a virtual currency traded on online exchanges for conventional currencies like the U.S.
Bitcoin is the most popular, but not the only crypto currency out there.
The Bitcoin Foundation has received a cease and desist letter from the California Department of Financial Institutions, saying that they have been informed that the organization "may be engaged in the business of money transmission without having obtained the license or proper authorization required by the California Financial Code." Jon Matonis, who serves on Board of Directors for Bitcoin Foundation, explained for Forbes that the nonprofit corporation whose goal is to standardize and promote the open source Bitcoin protocol, but actually "does not engage in is the owning, controlling, or conducting of money transmission business." The cease and desist letter has been delivered on May 30, and the deadline for responding to it and to comply with the request has passed a few days ago.
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