Coinapult Introduces SMS Sending Service
Transferring bitcoin between owners became a little bit easier today, as payment processor Coinapult announced the introduction of its new service. The company now offers users the ability to transfer bitcoin by SMS. This means that bitcoin holders no longer require an internet connection in order to send and receive the digital currency, and could represent a big step forward in the bitcoin transaction space. Coinapult certainly believes so, releasing the following statement alongside the announcement: Send BTC by SMS - a new, global service from Coinapult that operates through plain old....
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One of the longest-operating bitcoin startups has suffered a hot wallet attack that resulted in the loss of 150 BTC, or roughly $42,900 at press time. Founded by Ira Miller and investor Erik Voorhees in 2012, Coinapult announced the compromise on Twitter, advising customers to refrain from sending bitcoin to Coinapult addresses until the problem is resolved. Coinapult COO and CFO Justin Blincoe stressed that the hot wallet was used only for funds owned by the bitcoin wallet and service provider, and that no customer funds were affected. Blincoe told CoinDesk:
Online Bitcoin account provider Coinapult has completely restored its services which were shut down following a hot wallet attack which resulted in a loss of 150BTC worth roughly $43,000 on March 17. The Bitcoin firm announced this development via its official blog. The company declared that, "Today we are happy to announce the full restoration of Coinapult services. Users can now deposit BTC and Lock in addition to withdrawing and Unlocking." Following the attack, Coinapult had warned against sending Bitcoins to Coinapult addresses which included Lock addresses as well. Even though the....
Earlier today, Coinapult took to the Bitcoin subreddit to unveil their new, global Bitcoin service that functions on plain ol' SMS technology. This means that users around the world that do not have smart phones or data plans will be able to use Coinapult SMS. Bitcoin technology is extraordinarily unique because it can maintain its security even while being used over SMS, Bluetooth, NFC, or even Ham radio. Blockchain.info and Coinbase have both had send-Bitcoin-by-SMS functionality for years now; however, their service requires users to sign up an account to receive the sent money.....
Exclusive 20 Minute Interview With Coinapult COO & CFO Justin Blincoe. On Friday November 28, Coinapult re-launched their Bitcoin by SMS service and announced it via a reddit post titled“Send BTC by SMS – a new, global service from Coinapult that operates through plain old txt msg, no need for a data plan. Bitcoin can boldly go where it hasn’t gone before.” The post received 245 comments and 901 upvotes, and theCoinapult SMS walkthrough infographic received 54,093 views.
On Friday November 28, Coinapult re-launched their Bitcoin by SMS service and announced it via a reddit post titled“Send BTC by SMS – a new, global service from Coinapult that operates through plain old txt msg, no need for a data plan. Bitcoin can boldly go where it hasn’t gone before.” The post received 245 comments and 901 upvotes, and theCoinapult SMS walkthrough infographic received 54,093 views. The top voted comment was a question about the security of the Coinapult SMS service. It turns out that it is possible for a dishonest telecom employee to intercept or distort messages in a....