Archive | Bitcoin Security

Popular App Stores Targeted With Malicious Software

Valuable items will always attract criminals. Cryptocurrency is no exception. However, with a security model as strong as Bitcoin’s it’s very difficult to compromise individuals’ assets. It’s also likely that if a cyber criminal could indeed appropriate funds from random Bitcoin wallets, the value would drop hugely, rendering the whole endeavour pointless. Rather than target […]

New Zealand FMA: All Cryptocurrencies Are Securities

Not long ago, the New Zealand Financial Markets Authority, also known as the FMA, published a commentary on initial coin offerings (ICOs) and digital currency services. In its statement, the financial regulator declared that the economic substance of a given ICO, alongside a few other characteristics, can determine whether it is a financial product or not. The […] Publishes List Against Businesses and Miners Supporting the 2X Fork

On October 11, the web portal published its controversial hard fork warning update that contains a list of companies and services that have pledged to support the Segwit2x hard fork this November. The website operators believe the 2MB fork is not supported by the majority of users and developers within the bitcoin ecosystem, and […]

Hard Forking For Dummies: 2 Simple Rules to Access Your Bitcoin Cash

There are two cardinal rules bitcoin holders should follow to prepare for the bitcoin hard fork. These rules will help users protect their bitcoin and gain access to bitcoin cash after the fork resolves. Also read: Fork Watch: Korean Bitcoin Exchanges Divided on ‘Bitcoin Cash’ has had a lot of people inquire about how to […]

Fork Watch: ‘Bitcoin Cash’ Support Grows as August 1 Draws Near

The user-activated hard fork (UAHF) on the Bitcoin network is looming around the corner. ‘Bitcoin Cash’ (BCC; BCH) is slated to break away as a new fork from the Bitcoin blockchain on August 1 at 9:20PM JST or 12:20PM UTC. Also read: Fork Watch: JP Powerhouse Coincheck Now Unlikely to Suspend Bitcoin Payments Major Exchanges Embrace Bitcoin […]

EU Report Implies Criminals are Too Stupid to Use Bitcoin

Are criminals too stupid to use bitcoin? That is what a July 4 European Union report suggested. This will not strike many people as obvious, though. One of the most common concerns touted by governments about bitcoin and other cryptocurrencies is criminals will use them to fund their activities.  Also read: The Reason Why Bitcoin Miners Dedicate […]

Two Bitcoin Exchanges Were Hacked in South Korea in 2017, Importance of Wallet Security

Two major South Korean bitcoin and digital currency exchanges were hacked in 2017. Yet, users, traders and investors continue to store their bitcoin and other cryptocurrencies such as Ethereum, Litecoin and Ethereum Classic on custodial exchanges and centralized platforms. There exists a fundamental difference between a custodial and a non-custodial platform. Custodial wallet platforms and […]

Bitcoin Wallet Transactions Exposed by Hacking Team’s Money Module

The recent hacking incident on Italian spyware vendor Hacking Team revealed that the group has been able to track bitcoin wallet transactions through its Money Module. Among the files released in the leak earlier this month are reports and emails showing how the module worked. Last year, Hacking Team already mentioned that they’re working on […]

Gemini CSO Finds Vulnerabilities in Bitcoin Security Hardware

Gemini CSO Cem Paya recently highlighted certain vulnerabilities in the SafeNet’s Hardware Security Modules (HSMs) that can risk users’ Bitcoin private keys. The revelation comes at a time when Bitcoin security has become one of the topmost concerns of leading digital currency corporate houses. According to the available information, a large number of these Bitcoin […]

Bitcoin Exchange CCEDK Launches Bitcoin Debit Card

Danish bitcoin exchange CCEDK has launched its much awaited bitcoin debit card NanoCard in association with cryptocurrency and mining trading platform Bit-x, software developers Cryptonomex and smart contracts platform BitShares. NanoCard brings instant bitcoin-to-fiat spending to users, thus reducing their volatility risk. On the occasion of the launch, CCEDK CEO Ronny Boesing said, “We have […]

Elliptic and Crypto Facilities Bring Settlement and Clearing Mechanism to Bitcoin Trading

Bitcoin analytics and security firm Elliptic has partnered with bitcoin derivatives exchange Crypto Facilities to bring enterprise standards to bitcoin trading. The two London-based bitcoin startups announced today the launch of a settlement and clearing mechanism that separates bitcoin custody from all other exchange functions. The terms of the deal specify that the clients of […]