BITCOIN APPROVED IN GERMANY AND VULNERABILITY ISSUES

Updated: 08/21/2013 11:32
Reprints/Permissions  Hyip Monitor
According to the information provided in the Frankfurter Allgemeine Zeitung newspaper, BitCoin currency has been officially approved legally as the

According to the information provided in the Frankfurter Allgemeine Zeitung newspaper, BitCoin currency has been officially approved legally as the settlement system. In fact in Germany BitCoin has been assigned with the official e-currency status, which in its turn sets certain liabilities to he persons using it and making transfers within. All transfers, excluding the non-commercial ones are subject to taking the 25% profit tax. In such a way the weight of evidence suggests that Bitcoin positions on the world market are going to be strengthened further on. The growth of the stable Bitcoin rate this week testifies that: +17% within two weeks.

On the other hand recently some information has been posted online saying that mobile Bitcoin wallets may show certain signs of vulnerabilities. According to the official data, published on the official Google blog, the vulnerability for the Android OS users did took place for the reasons mentioned earlier, however is has been eliminated.

The wallets of the customers using the Java Cryptography Architecture (JCA) for generating random numbers as well as those using the OpenSSL encrypting technology have been under the major risk (by the way some issues of the Bitcoin funds stolen did took place). The Google developers have given the users of BTC wallets the same pieces of advice as before, which is major recommendation to generate new key-files and new random numbers instead of the previous ones.


About the author

Walter Anderson used to work as a creative freelance writer with three years experience in the industry working in print and online media. I used to search for exciting new projects and hence launched the monthly online newsletter, which has been supposed to increase any website traffic by 40%. Since 2010, Walter Anderson has been officially hired by HYIPNews.com media portal first for the position of the article and news writer writer and then starting from 2012, the vacant position for the chief writer at HYIPNews has been taken by Walter Anderson and is still taken by now.
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