Tag: Abra

Reddit User Gets Through a SIM Swapping Attack Without Extensive Losses

It appears that the number of SIM swapping attacks continues to rise. This trend is particularly evident in the cryptocurrency space. On Reddit, a new post regarding a SIM Swapping attack has surfaced this week. The SIM Swapping Saga Continues In the post, the user explains how he was targeted, yet seemingly managed to not lose any funds in the process.  It is still too early to say for sure, …
[Read More]

Abra Increases Number of Supported Cryptocurrencies to 25

A common maxim in the cryptocurrency industry is that there is a lot more to this form of money than just Bitcoin. Although Bitcoin is, and will continue to be, the world’s leading cryptocurrency, companies such as Abra are taking a closer look at alternative currencies. After enabling support for a fair few altcoins, the company has now added Verge, Monero, NEO, NEM, and Lisk support. Abra Continues to Expand Positioning oneself as …
[Read More]

Abra Raises Another $16m in Series B Funding

Most Bitcoin users will be familiar with the concept of Abra. This digital wallet solution is based on Bitcoin. Its goal is to provide global money transfer solutions at a cheap rate and without any friction. So far, the company has been doing quite well for itself. More importantly, it recently raised another US$16 million in Series B funding to further expand the business. More Funding for Abra It is good to see Abra gaining …
[Read More]

Will Bitcoin Adoption Rise Upon Completion of Mexican Border?

Ever since the official inauguration of President Donald Trump, the Trump administration signed a series of executive orders. One of the orders include immediate construction of a wall between Mexico and the US, to restrict the migration of illegal immigrants. Upon the completion of the wall, the Trump administration is likely to introduce regulations to restrict the outflow of remittances from the US. The imposition of such an impractical financial …
[Read More]