Monero light and hardware wallets to be launched

Monero light wallets are reaching the final stage and users will be able to store XMR in a hardware wallets
15 September 2017   893

Monero light wallets are reaching the final stage and users will be able to store XMR in a hardware wallets, as reported by btcmanager.com.

Thus, up to now, Monero users have relied on the official Graphical User Interface and Command Line Interface wallets, with no mobile or hardware support. There was hope that Jaxx would integrate Monero into their blockchain wallets, but then the company announced it would stop the project. According to Jaxx,  there were difficulties in obtaining the required information to build a light wallet, as the privacy-focus meant that basic operations like asking a node for information were not possible.

However, now there is a new hope for wallets to support wider adoption. As btcmanager.com details, the bounty for a light wallet meeting various conditions was claimed by the creator of the Android wallet, Monerujo. For creating an Android wallet where users can connect to their own node, receive and send payments with QR codes, as well as other functions, a bounty of 36.44 XMR (worth $3,414.42 at the time of writing) was awarded to m2049rthe individual who developed the software.

Hence, once extensive testing ensures the wallet is safe, the wallet will be available on the Google Play Store and F-droid, an alternative for free and open-source software.

Monero on coinmarketcap.com Monero on coinmarketcap.com

At the time of writing, Monero cryptocurrency price is about $94, its market capitalization $1,415,111,928.

Japan to Give First Jail Sentence For Hidden Mining

Unemployed 24-year-old resident of the city of Amagasaki received one year's imprisonment with a three-year suspended sentence
03 July 2018   311

The Japanese court for the first time issued a guilty verdict for using a hidden mining of cryptocurrency, Bitcoin com reports.

On July 2, the Sendai District Court sentenced an unemployed 24-year-old resident of the city of Amagasaki, Hyogo Prefecture, to one year's imprisonment with a three-year suspended sentence.

This verdict was the first decision in the case of the spread of the browser-based CoinHive Miner to other people's computers for the hidden mining of Monero.

In the autumn of 2017, three suspects created websites that installed a virus-mining program on their devices without their consent.

One of them, the law enforcement agencies of Japan have imposed a fine of 100 thousand yen (about $ 900) for the illegal deployment of the virus. He himself, however, argued that in fact this program is not a virus, but is "a method similar to what is used to distribute online advertising."

Since June 18, the Financial Services Agency of Japan (FSA) has banned anonymous crypto-currencies, including Monero, because of the potential for their use in fraudulent purposes.

Also this week it became known that the Agency is considering the possibility of changing the regulatory and legal framework for controlling exchange operations with bitcoin and other cryptocurrencies.