Fake Ethereum App Amasses 100 Installations. Ethereum News, ETH Price. Thursday, August 23
Important Ethereum Cryptocurrency News
Fake Ethereum App Amasses 100 Installations
Android Google Play Store has recently become a beehive of activities for fake apps scammers despite the Google ban on cryptocurrencies and related activities.
The Next Web recently reported that the Slovakian malware researcher Lukas Stefanko has found an app on the store purportedly from Google but actually sold at $388 by a company “Google Commerce Limited” apparently faking the Google app developer “Google LLC”.
The app which had Ethereum symbols on its marketing description was added by the company since August 2017 to create the impression that individuals that purchase and download it were actually making purchase of Ethereum that is presently priced at around $280.
At the last check before the app was taken down, it already had more than 100 installed by buyers.
Although Google has banned all mining apps, developers and compliance still have 30 days to ensure full compliance. This may be the reason that fake apps such as JSEcoin are still visible on the Play Store.
Canadian Government Agency Builds An Ethereum Blockchain Explorer
The National Research Council of Canada (NRC) has announced that it has built an Ethereum blockchain explorer which is being hosted on its Interplanetary File System (IPFS) under its Industrial Research Assistance Program (IRAP).
The release by the agency said that through the project ensures that web applications will maintain integrity by remaining unalterable and accessible far into the future.
Bitaccess, the startup associated with the project said that it would enable users search the Ethereum blockchain for published grants and contribution data.
The NRC release said, “"These are early days, but NRC IRAP's experiments with blockchain are expected to provide constructive insight into the potential for this technology and how it may be used for more open and transparent operations for public programs."
Ether Spikes With Bitcoin Wednesday Morning
The Ethereum currency ether got a boost from the early Wednesday surge in Bitcoin price rising to $297.49 before plunging to $285 as at the time of the report. Data shows that the slight increase in ether value coincided with the value appreciation of Bitcoin.
ETH/USD Price Chart, Thursday August 23rd:
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