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MyEtherWallet Debuts Full Website Redesign

  • Alex Morris
    📰 News

    With its recent redesign, the web-based Ethereum wallet places a greater emphasis on security to battle omnipresent phishing scams


MyEtherWallet Debuts Full Website Redesign
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MyEtherWallet has released a full website redesign, which brings several new features to the table. The rollout of the fifth version will supposedly help improve the user experience and enhance security.

Introducing crypto to the general public

According to Kosala Hemachandra, the CEO of MEW, their user base initially consisted mostly from tech-savvy individuals, but the number of crypto investors is constantly growing, and it is crucial to make MEW as approachable and convenient as possible. As U.Today reported earlier, Circle adopted a similar approach by releasing a beginner-friendly app in order to push crypto adoption.

What’s new?

MEW, which supports Ethereum and ERC20 tokens, now automatically show wallet balances (there is no need for a third-party extension). The new version also gives users an opportunity to seamlessly perform a token swap. A brand-new security feature called SendSafe helps verify another address before conducting a transaction.  


Mitigating risks  

Hemachandra claims that ensuring the safety of their customers remains one of the top priorities. With that being said, MEW users are still subjected to constant phishing attacks. Hackers create fake websites that copycat the popular wallet in order to scam gullible crypto investors. The CEO reveals that they can count up to 3,000 of such malicious websites.

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In order to mitigate the above-mentioned risks, MEW’s security partners try to throttle phishing attacks from the get-go. Meanwhile, users are encouraged to check whether a certain website has an SSL certificate.
 

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

'Bitcoin symbol and graph.Vector illustration.' image by 123rf https://ru.123rf.com/photo_69329295_bitcoin-symbol-and-graph-vector-illustration-.html?term=bitcoin&vti=njv6v7w01tymanucm1-1-82
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