Electrum 3.1 Released

New version of popular wallet brings some cool new features
06 March 2018   682

Developers of Electrum have released version 3.1 of the popular bitcoin-wallet.

Version 3.1 includes a number of innovations. Among the main of them - the calculation of commission based on the current data of the mempool. With this option, users will be able to set transaction commissions that will be directed to the desired depth in the mempool, giving priority to faster or slower transaction confirmation.

Also so-called local transactions appeared in the new version. This function will save transactions that have not been translated into the wallet file and use their output for future transactions.

The release also includes a number of other new features and enhancements, including the ability to encrypt wallets "for tracking" (watch only) and hardware wallets.

Survey: Millionaires do not gain Enough Crypto Advice

A survey revealed today by Capgemini shows: only 34.6 percent of high net worth individuals have got cryptocurrency information from their wealth managers
19 June 2018   49

According to Reuters, the information is received from Capgemini’s annual survey, the World Wealth Report. The latest edition demonstreted that additionally to the aforementioned 29 percent, a further 26.9 percent are “on the fence” relatively to  cryptocurrency investment - meaning that well over half of HNWIs are aware of and/or interested in cryptocurrency like Bitcoin.

A Paris-based business consulting corporation, Capgemeni, determines HNWIs as people with at least $1 million accessible to invest, outside of asset holdings such as real estate, automobiles, and art. At the start of 2018, there were a counted 15.2 million such people in the world. This part of society controls more than $70 trillion, and Capgemini expects that figure to rise to $106 trillion by 2025.

Also it was found by the study that 71.1 percent of younger millionaires (age 40 and below) place “high importance” on getting information about cryptocurrency from their wealth management firms, as do 13 percent of those aged 60 and over. In the whole, only 34.6 percent of them claimed that they had learnt cryptocurrency information from their wealth managers. 

This probably points to a trend of wealth managers being a bit behind the times. It also unfolds that a market force which could go some way towards explaining the fact that at least 167 new cryptocurrency hedge funds were instituted last year. During the year of 2017, these funds saw massive growth in profit.