In Friday’s edition of The Daily, we cover the news about a vulnerability found in the Beam Wallet days after the launch of the Mimblewimble-based coin. Also, crypto card provider Wirex has added waves to its list of supported cryptocurrencies, and digital asset exchange Exmo has registered an increase in the number of Belarusian users following Binance’s move to restrict their access to its platform.
Critical Vulnerability in the Beam Wallet
In another tweet, the Beam dev team asked all users to stop currently running Beam Wallets immediately. However, according to the message, they should not delete the wallet’s database, as the bug does not affect wallet data, secret keys or passwords. Instead, they need to uninstall the wallet, download it again from the website beam.mw/downloads and install the new application.
Beam was launched on Jan. 3, becoming the first coin based on Mimblewimble, a protocol originally developed in 2016 to improve the scalability of the Bitcoin network and enhance the privacy of its users. The cryptocurrency is already available for trading on the decentralized platform Bisq which promised to also add Grin, another Mimblewimble coin expected to launch on mainnet by the end of this month.
Wirex Adds Support for Waves
“The introduction of the waves wallet to Wirex is an exciting development for both crypto-investors and our globetrotting Wirex Visa card users,” co-founder Pavel Matveev commented. “For travel, welcoming waves to your portfolio means that you can enjoy a wider choice of currencies to exchange from and store,” his partner Dmitry Lazarichev added.
Last month Wirex completed the introduction of Iban support for all EUR accounts. EEA users can now fund their account by bank transfer and receive euro payments. The fintech startup also raised the funding limits for account holders in the EEA to £15,000, €16,000 and $20,000. The company is now planning an expansion into North American markets.
Belarusian Traders Migrate From Binance to Exmo
Since its launch five years ago, Exmo has registered 1.5 million users. According to the report, its daily trading volume reaches $40 million. The exchange, which supports trading pairs with fiat currencies such as the Russian ruble and the Ukrainian hryvnia, is currently 56th in Coinmarketcap’s volume rankings, with a daily volume touching $20 million.
What are your thoughts on today’s news tidbits? Tell us in the comments section.
Images courtesy of Shutterstock, Beam, Wirex.
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