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Wirex unveils corporate partnership with hand-held ‘piggy-wallet’, Pigzbe

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Partnership aims to prepare new generations for the technology and currency of tomorrow, today.

LONDON, UK – November 13, 2018 – Today, Wirex – the payments pioneer that is bridging the gap between cryptocurrencies and everyday spending – announced its first corporate partnership with the blockchain-powered ‘piggy-wallet’, Pigzbe.

Pigzbe was designed to reinvent pocket money for a new generation of children. The part physical, part digital ‘piggy-wallet’ runs on Wollo (WLO), Pigzbe’s family-friendly crypto-currency, and is designed to introduce children age 6+ to modern money management while teaching them good financial habits in a safe and secure setting. The partnership will see Wirex list WLO alongside its existing Bitcoin, Litecoin, Ethereum, and XRP wallets. In turn, Wollo holders will be able to buy, store, exchange and spend WLO through the existing Wirex app and Visa card.

Wirex currently holds the crown as the only company in Europe with a debit card that is linked to users’ crypto wallets, allowing them to convert and spend their digital assets in shops, bars, restaurants or on public transport and the only UK headquartered crypto-friendly company to receive an FCA e-money licence. Already a success in Europe, the company recently announced plans to expand its card offering into the US in what would represent North America’s first multi-cryptocurrency prepaid card programme.

Pavel Matveev, Co-founder and CEO of Wirex, said: “Our relationship with Pigzbe paves the way for novel crypto and blockchain product partnerships and cements London’s status as a key innovation hub. Equally as important, however, is the incorporation of pioneering technologies to educate and inform the next generation about the benefits of money management and the future of finance.”

The partnership between Wirex and Pigzbe is one of the very first examples of two innovative corporations aligning business models to provide an end-to-end, practical cryptocurrency system that drives mass adoption. It will offer the 400+ million families that spend an average of $14

per week on pocket money an easy route into the world of blockchain and decentralised digital currency, without unnecessary complexity or technical jargon.

Pigzbe Founder, CEO and Forbes 30 Under 30 entrepreneur Filippo Yacob, said“Pigzbe is a project that has the power to drive mass adoption. We’re excited by the prospect of having millions of children growing up with Wollo as the first cryptocurrency they encounter in their lives. Central to our vision at Pigzbe the realization of millions of children and families being able to use their Wollo coins in the real world – our partnership with Wirex will deliver this.”

About Wirex

Founded in 2014, Wirex is a global digital payments platform serving over 1.8 million customers in more than 130 countries. As a frontrunner in the cryptocurrency payments arena, Wirex has delivered pioneering, world-class products that bridge the gap between crypto and traditional currency. Wirex is backed by large, reputable financial institutions including the Tokyo-based SBI Group. Wirex has spent the past four years building its own established software platform that enables a fast, secure and efficient service with zero transactional fees and some of the best rates in the industry. For more information, visit www.wirexapp.com.

About Pigzbe

Pigzbe is a London-based fintech company that enables micro-financing for families worldwide by giving parents and children access to products and services that accelerate financial literacy. Pigzbe consists of a team of award-winning designers, thinkers, and makers who have delivered products and services to millions of people for brands like Apple, Google, NASA, Primo, and Kano. The company understands how the world is changing and their mission is to give families the tools to help children become financially knowledgeable, confident and independent. For more information, visit pigzbe.comand join them on Telegram at t.me/pigzbeico

Media enquiries: 

Wirex:Samantha Robb

PR & Campaigns Manager

[email protected]

Pigzbe:Natasha Nikolovski

Third City PR

E: [email protected]

 

Emily Goodbrand Dillon

Third City PR

E: [email protected]

Source: global coin report

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VeChain Buyback Crypto Wallet Hacked of 1.1 Billion VET

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Cybercrime is rife across the crypto industry, ranging from SIM-card swap hacks, phishing attempts, password cracking, and even cryptocurrency mining malware. Today, the altcoin project known as VeChain experienced that first hand.

The project’s buyback wallet containing a substantial amount of VET tokens was hacked, and the VeChain Foundation is now hard at work doing their best possible damage control and trying to lock down the stolen assets.

VET Buyback Wallet Compromised, 1.1 Billion Tokens Stolen

According to the VeChain Foundation, via both Twitter and a detailed Medium post further explaining the incident in full, on December 13 at 8:27PM, the foundation’s buyback wallet was “compromised” with hackers making off with “approximately 1.1 billion VET tokens.”

The hacker transferred the 1.1 billion stolen VET tokens, valued at roughly $6.4 million at current VET prices, to the blockchain address 0xD802A148f38aBa4759879c33E8d04deb00cFB92b. The VeChain Foundation has tagged the address, so that any addresses the hacker attempts to move the funds to can also be traced, in hopes of preventing the hacker from ever cashing out the stolen crypto.

VeChain Foundation Vows To Get To The Bottom Of Hack

The VeChain Foundation has taken a number of steps to prevent further issues from arising from the hack, including immediately coming forward to the community with details as soon as possible after the hack occurred.

In addition, they’re reaching out to all

crypto exchanges across the market, asking them to “monitor, blacklist, and freeze any funds coming from the hacker address.” They’ve also launched a full-scale “investigation” into the address to determine “motive, method, and data flow” behind the “malicious act.”

VeChain Foundation has also enlisted a team of blockchain and cybersecurity experts to assist with the research, and are conducting a security check of all other wallets related to the foundation to ensure no other wallets have been compromised. Lastly, the incident was reported to local law enforcement in Singapore, who will also investigate the crime further.

The team plans to issue another update once more information is available and is doing its best to be transparent with holders of VeChain tokens.

VeChain had been climbing in recent weeks on the heels of a mention in a Chinese newspaper but has since collapsed following the hack. VeChain has fallen over 6% in the last hour since the news broke across the internet and crypto Twitter and is down 15% over the last week as the asset’s rally began to cool off.

Hackers flock to cryptocurrencies, according to one Google security expert, who says that they can’t resist the layer of psuedo-anonymity they provide and the fact they exist digitally, making it easier for them to access as a result.

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Ledger Users can now Stake Their XTZ From a Hardware Wallet

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A lot of companies and service providers are rolling out staking support for Tezos. The latest company to do so is Ledger, as its Live software now lets users stake XTZ. 

Ledger is best known for providing hardware wallets to customers all over the world.

LEDGER ENABLES FULL TEZOS SUPPORT

Their devices are both relatively cheap and extremely powerful, at least for the supported currencies.

In a recent blog update, the company unveiled how their Ledger Live toolkit has received a big update.

It already had support for 23 currencies and over 1,250 ERC20 tokens prior to this news.

The big change is how Ledger Live now supports Tezos as a currency.

Furthermore, users can keep their XTZ in the hardware wallet and begin staking coins for extra rewards.

By enabling this staking support, Tezos holders can receive rewards for securing the network through a hardware wallet.

This is very different from collecting rewards through supporting exchanges.

Those platforms do not provide the same level of security and convenience compared to Ledger’s solution.

Additionally, users have full control over their staking coins as well as the rewards they earn in the process. 

This will not be the final update Ledger makes to its core software either.

The company will keep building tools for other currencies, tokens, and assets accordingly.

There is a lot more to cryptocurrnecies than just the supported two dozen markets. 

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MyEtherWallet is About to Add the New Dai Collateral

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MyEtherWallet is going to present its users with a new version of Dai collateral.

MyEtherWallet (MEW) is adding new options. Its newest one includes multi collateral Dai, which is currently on a roll.

According to MyEtherWallet Twitter handle, Maker Dao has launched multi-collateral Dai. The tweet reads “MEW will begin providing support for migration to MCD starting Tuesday next week (November 26th).

In a corresponding Medium post, the company states that the original Dai token has a new name.

“The new Multi-Collateral Dai token will be known as Dai going forward. CDPs are also being renamed, and will now be referred to as Vaults. For complete information on terminology and functionality changes that are coming with MCD, head to MakerDAO’s blog,” the post reads.

Source: Medium.com

So what are the changes? Previously, the old Dai solely supported ETH as collateral. Now, new options will be available. The MKR

voters, who constitute MakerDAO’s governance body, will decide which ones (find out more here).

According to the post, “Multi-Collateral Dai will become available on MEW on November 26th, a week from tomorrow. We will post detailed instructions for the migration process at that time.”

However, if you feel like you can’t wait any longer, then it’s possible to start the migration now. Thus, you can perform the migration of Collateralized Debt Positions via this link migrate.makerdao.com.

Overall it seems like Dai is securing the trust of multiple companies. Just recently, it emerged that Coinbase plans to upgrade from the current single-collateral Dai to the new multi-collateral Dai version. For instance, users may upgrade to multi-collateral Dai themselves with the separate Coinbase Wallet app.

Previously, Altcoin Buzz reported that MEW presented in-built burn addresses. The addition’s aim is to make user experience more private and anonymous.

Besides, last year MEW made an interesting revelation. The wallet disclosed that it neutralizes as many as 40 hacking attempts a week.

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