Coinapult Bitcoin SMS Wallet Allows the World to Send Remittances with Just a Text
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.....
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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:
Coinapult, a payment processor and storage provider, is now offering its bitcoin wallet services for US customers. Prior to this, the company's website had been blocked in the country since it had not yet obtained the necessary licenses then. The company has since come up with an integration with Crypto Capital, which is a licensed money transmitter in Panama. With that, the bitcoin wallet can allow US clients to deposit, withdraw, and transfer currencies. Bitcoin Wallet Services. "Coinapult is not a licensed money transmitter business, and as such, we did not offer our services to the US....
One of the longest standing, online Bitcoin account providers Coinapult has suffered a hot wallet attack in which 150 Bitcoins have been lost. The total loss has been estimated to be close to $43,000. The company has initiated an inquiry into the incident and made an official statement on its website: "Coinapult is investigating a compromise of its hot wallet. Customers should NOT SEND bitcoin to existing Coinapult addresses starting IMMEDIATELY. This includes Lock Addresses (automatic lock address). Updates will be provided here as they become available." Customers who have unknowingly....
Bitcoin storage provider and payment processor Coinapult is back online following a hack-related outage last month. Following a series of security improvements, Coinapult users can now deposit funds and 'lock' and 'unlock' their bitcoin to fiat currencies or assets. They were previously given login access on 21st March and withdrawals were re-enabled five days later. The hot wallet attack, which occurred on 17th March, resulted in the loss of 150 BTC (approximately $42,900). Coinapult announced it was halting all operations via Twitter the same day. At the time, Coinapult COO and CFO....
Sending money from Europe to the rest of the world remains a very costly affair. Money transfers and blockchain technology are two peas in a pod these days. Tempo Money Transfer, a company, focusing on remittances from Europe, integrated with Stellar. By using this technology, users can send remittances through the Stellar e-wallet. An excellent example of how blockchain technology can benefit all parties in a financial transaction. As a result of the partnership, Tempo Money Transfer clients can send global remittances from anywhere in Europe. They can do so through the Stellar e-wallet,....