Beam Wallet Vulnerability Found

Cryptocurrency itself was launched only a week ago
10 January 2019   732

The developers of the private cryptocurrency Beam based on the MimbleWimble protocol have discovered a critical vulnerability in the Beam Wallet wallet, affecting both the desktop version and the CLI implementation.

The project team urged users NOT to delete the wallet database, because the vulnerability does not affect private keys or passwords.

At the same time, the developers offered users five simple steps.

  1. Stop your currently running Beam Wallets immediately.
  2. Uninstall or delete your Beam Wallet application and executables from all machines. DO NOT DELETE THE DATABASE or any other wallet data
  3. Make sure the application was deleted. Check the documentation for the location of Wallet app files
  4. Download Beam Wallet again from the website only. It will have THE SAME version numbers as previously published archives. Make sure the SHA256 of the archive matches with the one published on the website.
  5. Install the new application

Beam was launch a week ago, in a day of Bitcoin genesis block 10th anniversary  

Goldman Sachs to Give Bullish BTC Forecast

Goldman Sachs experts expect to see bitcoin near the $ 13,971 mark
12 August 2019   283

While Wall Street representatives sometimes come back to criticize Bitcoin, the well-known investment bank Goldman Sachs gives its own forecast for the price of cryptocurrency. To the surprise of many, it turned out to be bullish.

A note for Goldman Sachs customers on Twitter shared by Three Arrows Capital CEO Su Zhu.

As follows from the publication, in the short term, Goldman Sachs expects to see bitcoin near the $ 13,971 mark.

An unnamed analyst builds his forecast based on the Elliott Wave Theory. According to him, with a high degree of probability, bitcoin will rebound from the level of $ 11,094 in the coming days. After this, the opportunity will arise “for at least one more leap to $ 12,916 and $ 13,971”.

On the other hand, a pullback from the indicated levels should be considered as an opportunity to buy cryptocurrency against the backdrop of weakness, if its rate does not fall below $ 9,084.

What is more surprising: that Goldman Sachs has a bullish target on BTC, that they have any target at all, or that they use Elliott Wave Theory? I'm personally most surprised they cant be bothered to use a chart that includes weekend price action.
 

Su Zhu
CEO, Three Arrows

Short-term stop orders for long positions should be placed at $ 10,791, according to Goldman Sachs.