Ethereum to Bitcoin atomic swap completed

Altcoin Exchange performed first atomic swap between Ethereum and Bitcoin
09 October

Altcoin Exchange announced the completion of the first atomic transaction (swap) between Bitcoin and Ethereum.

Altcoin Exchange exchanged 0.12345 ETH for 0.12345 BTC as part of an open source online process.

As reported by the Bitcoin. com, the CEO of the exchange, Andrew Gazdetski, announced his intention to create a repository on GitHub on Tuesday. He is convinced that the future of cryptotrading behind decentralized platforms, and atomic swaps are an integral component of this business model. In general, Gazdetski is confident that atomic swaps will replace traditional exchange transactions because they are safer and not inferior to them in speed.

Since June of 2011, 26 exchanges have been compromised, resulting in the loss of millions of dollars worth of coins. To prevent more of these types of hacks, decentralized exchanges are needed, and atomic swaps bring us one step closer to achieving this goal. What makes the technology behind Atomic Swaps so exciting is it allows for nearly instant direct trades between cryptocurrencies. We believe this to be a critical component for creating a truly decentralized exchange that executes transactions at the same speed in which centralized exchanges are able to but without the risk of hacking and theft.

Andrew Gazdetski
CEO, Altcoin Exchange

Also, developers highly appreciated the contribution of the Decred team and the founder of Litecoin, Charlie Lee, to the development of this technology.

Fake MyEtherWallet deleted from the AppStore

3000 users were able to download fake MyEtherWallet app
13 December

On 10th of December, a Twitter user reported about the spotted suspicious application of popular Ethereum wallet at Apple AppStore.

And it became known that the app is fake. It is worth noting that the app isn't free. The iOS app costs $4.99 and it first landed on the App Store just over a week ago. It allows users to create or import a wallet to store cryptocurrencies independently of an exchange.

Finally, the fake app was deleted. We wasn't able to find the official comments from Apple, but MyEtherWallet team is happy.

This is not the first and maybe not the last fake scammy-looking thing in cryptocurrency world. We can only recommend you to extremely careful everytime you deal with money.