The blockchain-based digital payment project, Electroneum, will be launching an in-app electricity top-up feature across four African countries — Nigeria, Senegal, Mali and The Gambia. The electricity top-up feature will allow ETN app users to top-up their electricity meters directly from the app by paying in ETN tokens. The ETN mobile application previously added support for airtime and data top-ups across 140 countries worldwide. While Electroneum is trying to expand its territory with its various projects and in-app features, many of its users don’t find the growth as exciting — mostly due to the depreciating price of ETN tokens. One …

The “founding father of blockchain” has praised the company behind a mobile-based cryptocurrency — and how its long-term goals go beyond profit maximization to create a better world for everyone. Globally renowned scientist and cryptographer Scott Stornetta was instrumental in inventing blockchain technology back in 1991. He was quoted in Satoshi Nakamoto’s white paper for Bitcoin — and indeed, there has even been some speculation that the Japanese-speaking visionary may himself be the anonymous crypto inventor. Upon reviewing Electroneum, which aims to deliver a new era of digital payments by allowing funds to be sent and received via smartphones without …

United Kingdom-based digital payments firm Electroneum has announced the launch of a smartphone that is capable of mining cryptocurrency, according to a press release published on Feb. 25. The new device by Electroneum, dubbed M1, incorporates the tech firm’s cloud mining technology, which enables users to mine the firm’s bespoke cryptocurrency, Electroneum (ETN) in return of using the smartphone. Priced at only $80, Electroneum’s M1 phone allows users to mine ETD through an app directly from their devices, with cryptocurrency mining reportedly available in offline mode. The mined cryptocurrency can be used as payment for shopping, online services as well …

Microsoft’s Windows Defender Antivirus has blocked an attack of more than 400,000 attempts over a span of 12 hours for trojans to infect users with a cryptocurrency miner, according to a Microsoft blog post on March 7. Windows Defender’s research showed that a little before noon (PST) on March 6, Windows Defender Antivirus began detecting these sophisticated trojans, which are new variants of an application called Dofoil (or Smoke Loader), attempting to inject cryptocurrency mining malwares through “advanced cross-process injection techniques, persistence mechanisms, and evasion methods.” The majority, or 73 percent, of these instances came from Russia, with 18 percent …