• As attackers exploited a bug that crashed 50% of Bitcoin Unlimited nodes Tuesday, the industry reacted saying its developers had a lucky financial escape. BU ‘Vulnerability’ Bug The attack occurred around half an hour after Bitcoin Unlimited was uploaded to Github, with nodes completely shutting down to the point where over half the network was no longer operating. As BU’s main proponent Roger Ver tried to salvage the situation, users reacted harshly, Ver having only a

    BU Critical Bug ‘Damage Would Have Been in the Millions’ During Fork

    | 2017/03/15 5:00 am
  • Google has said the world should stop using SHA-1 cryptographic hash function and move on to SHA-256 – the cryptography used in Bitcoin. Google: Move to SHA-256 ‘More Urgent Than Ever’ In a release late last month, the company said it had successfully achieved the “world’s first SHA-1 collision,” an experiment where two pieces of data share the same hash. The research was a joint project between Google researchers and the Centrum Wiskunde & Informatica

    Google: It’s ‘More Urgent Than Ever’ to Use Bitcoin’s Encryption

    | 2017/03/05 6:00 am
  • Bitcoin has attracted a great deal of interest over the last couple of years, and mainstream investing has skyrocketed with the ever-growing Bitcoin price. Now, a new market sector is starting to emerge as American corporations are stocking up on digital currency to combat cybercrime. Corporations Fuel Bitcoin Demand as Ransomware Spreads Hackers with an eye towards gaining valuable Bitcoins are hitting corporations more and more with dreaded ransomware, and this problem seems to be

    Bitcoin Demand Rises as U.S. Corporations are Stocking Up

    | 2017/02/26 9:00 am
  • Bitcoin privacy may be reduced with the launch of QLUE alongside other deanonymization tools used to trace Bitcoin transactions and reveal user identities. QLUE for Law Enforcement on ‘Financial Crimes’ Although Bitcoin is known for being used in criminal activities like the sale of illicit items on the deep web, its pseudonymous nature makes it less than optimal for cyber criminals. But the misconception that Bitcoin is untraceable is a common one and it’s often still referred to as

    QLUE Wants to Unmask Bitcoin Users Committing ‘Financial Crimes’

    | 2017/02/21 11:00 am
  • After switching from a paper wallet to the Ledger Nano S, I decided to try out the sleek-looking KeepKey that also supports ethereum, litecoin, dogecoin, dash, and namecoin. KeepKey Hardware Wallet Review After recently switching from a paper wallet to a Ledger Nano S ($65 USD), which I have been enjoying very much so far, I was really looking forward to checking out the KeepKey ($99 USD) to see what it has to offer.  (You can check out my

    KeepKey Hardware Wallet Review: Better Than a Ledger Nano S?

    | 2017/02/13 3:00 pm
  • As the world of Bitcoin becomes bigger, more lucrative and more mainstream, there are going to be more eyes on the industry. Here are three easy ways to boost your privacy and security. Spotlight On Your Security Whether its surveillance from government agencies or hackers looking for bitcoins and information, here are three ways to improve your Bitcoin privacy that you may know, but aren’t exploiting. Using Bitcoin is not anonymous, as most current users already

    Three Easy Ways to Improve Your Bitcoin Privacy & Security

    | 2017/02/12 6:00 am
  • Blockstream has released a whitepaper detailing the Strong Federations system, the foundation for the Liquid sidechain project to improve privacy, costs, speed of value transfers and settlement among exchanges and brokerages. ‘An Interoperable Blockchain Solution’ Under the leadership of Adam Back, Blockstream has released a whitepaper dubbed “Strong Federations: An Interoperable Blockchain Solution to Centralized Third Party Risks.” The whitepaper delves into the intricacies of the federated pegs system that can be used to attach sidechains to Bitcoin.

    Blockstream Reveals ‘Strong Federations’ to Boost Sidechain Project

    | 2017/01/18 8:30 am
  • Andreas Antonopoulos has supported an assertion made by Bitcoin investor Tuur Demeester that Bitcoin is “both digital gold and digital cash” as part of the ongoing block size debate.  Departure From All-On-Chain ‘For Good Reasons’ In a blog post Monday, Bitcoin expert Andreas Antonopoulos cited Dutch investor Tuur Demeester’s opinion on Bitcoin’s identity, saying he had “captured an important point.”  “We are not facing a choice between all-on-chain or some-off-chain,” he wrote. “We have already departed from

    Antonopoulos, Demeester Agree Bitcoin is ‘Both Digital Gold & Digital Cash’

    | 2017/01/16 7:30 am
  • As Bitcoin continues breaking new highs, the future (and moon) are on everyone’s minds – let it not be punctuated by bad actors’ exploitation. Don’t Take Chances With Your Security! Previous price surges have all too often ended in rapid decline as hackers or others take advantage of weak points in security somewhere in the Bitcoin ecosystem. Not just the infamous Mt.Gox, but much more recent events such as this year’s Bitfinex hack – these all

    Here Comes Moon! Be Wary of Exchange Hacks, Protect Your Keys

    | 2016/12/23 6:00 am
  • Since its introduction, one of Bitcoin’s largest benefits has been the ability to conduct business anonymously. No big banks are tracking your purchases. No companies are selling information about you. At least in theory, nobody knows who is actually spending a given Bitcoin. Also read: UAE Bitcoin Conference Aims to Make Mid-East a Fintech Hub Unfortunately, plenty of websites still track their visitors and their activities. Our online purchases also need somewhere to go. With

    Shop Anonymously With Bitcoin: Protect Yourself From Prying Eyes

    | 2016/11/11 7:15 am
  • Since its inception, Bitcoin as a payment medium has a cemented an impression of being anonymous and privacy-centric. So much so that the currency has been glorified by the masterminds behind the doomed Silk Road, and advocated by recognized influencers such as German politician Franz Schäffler, celebrity Ashton Kutcher, famed author & economist David Friedman, and finance guru Kevin O’Leary to name a few. Also read: Jaxx Announces Plans to Go International After Augur Integration

    Understanding Privacy: How Anonymous Can Bitcoin Payments Be?

    | 2016/10/14 4:48 pm
  • A team of global security engineers based in more than 9 countries across five continents recently got together to form a powerful global capability network known as Hackpool. They have recently launched their clearnet website: www.hackpool.is Disclaimer: This is a press release. Bitcoinist is no responsible for this firm’s products and/or services.  A parallel .onion site will be launched soon. Security engineers, hackers, pentesters and military strategists will find Hackpool as a unique strategic platform

    Hackpool : A new strategic resource pool for security engineers, hackers, pentesters and military strategists

    | 2016/10/04 10:01 am
  • On Thursday night, Yahoo sent out a “NOTICE OF DATA BREACH” to its users, claiming it believed a 2014 hack, which compromised at least 500 million users, was done by state-sponsored actors. The company does not believe the attacker is still in its systems. Also read: Poloniex to Ban New Hampshire Residents An internal investigation confirmed a copy of “certain user account information” was stolen from the California tech giant’s systems in  late 2014 by what

    Yahoo Confirms 2014 Data Breach, 500 Million Users Compromised

    | 2016/09/23 7:07 am
  • Beginning in October, Microsoft will begin it’s new patch policy that will release new patches as rollup updates. This could put businesses and other’s in a sticky situation of either having to accept the risk of not applying patch updates or doing so and potentially disrupting mission critical apps. Also read: Bitcoin Price Hits $600, Technical Indicators Bullish Microsoft “Rollup Updates” Could Create Headaches for Businesses In the past, Windows patches were released individually, which allowed

    Microsoft to Begin Implementing “Cumulative” Patch Policy That Gives Users Less Flexibility

    | 2016/09/12 7:35 pm
  • SAN DIEGO, September 1, 2016 — Airbitz, the popular mobile bitcoin wallet and world’s first edge security platform allowing developers to build apps that secure users’ data, announces the first foolproof bitcoin wallet password recovery process, called Password Recovery 2.0. Also read: KIBO: Creating the World’s First Blockchain Lottery Airbitz Claims the  First “Zero-Knowledge” Password Recovery Feature This new feature allows Airbitz users and Airbitz SDK-powered app users to easily recover a forgotten password to their

    Airbitz Launches “Password Recovery 2.0,” with Privacy Features

    | 2016/09/02 5:22 pm
  • The hugely popular messenger application, WhatsApp, has changed its privacy policy in order to share more user data with its parent company Facebook. Also read: Industry Report: Banks Trying to Beat Bitcoin WhatsApp Changes Privacy Policy This move has some WhatsApp customers feeling betrayed as it seems to directly contradict previous statements made by the company. It is also the first time the firm has changed its privacy policy since it was bought by Facebook

    WhatsApp “Betrays Users” by Sharing User Info with Facebook

    | 2016/08/26 5:07 pm
  • Canadian law enforcement officials want to make their jobs easier, lobbying for a new law that would force people to give up their computer passwords upon request. Also read: Is the Bitcoin Price Slump Finally Coming to an End? Canadian Police Back Resolution to Compel Users to Give Up Passwords The Canadian Association of Chiefs of Police (CACP) passed a resolution on August 16, 2016, advocating for such a law to be enacted by parliament.

    Canadian Police Want to Force People to Give Up Passwords

    | 2016/08/26 5:00 am
  • Wildfire, a type of ransomware targeted at Dutch speakers, has been successfully defeated by the No More Ransom initiative, a project coordinated by the Netherlands Police, Europol, Intel and Kaspersky. This multinational collaboration aims to help victims of ransomware retrieve their encrypted files for free through the use of multiple decryption tools. Also read: Ransomware as a Service is Bringing In Some Serious Money ‘Wildfire’ Ransomware Wildfire is a piece of ransomware, a type of malware that takes users’

    ‘Wildfire’ Ransomware Defeated by International Security Team

    | 2016/08/25 6:00 pm
  • The governor of Japan’s central bank has referred to the importance of security in “blockchain” and “distributed ledger” technologies during a FinTech conference speech in Tokyo. Also read: Ransomware May Threaten the Future of Bitcoin Flagship FinTech Technologies Bank of Japan (BoJ) Governor Haruhiko Kuroda described them as “flagship technologies in FinTech” at Japan’s first FinTech Forum, an event hosted by the BoJ itself at its own headquarters. Without referring to Bitcoin by name, Kuroda also

    Japan Central Banker: Blockchain, Security Vital to FinTech’s Future

    | 2016/08/23 12:00 pm
  • Some tricky new malware is infecting Mac users by imitating legitimate software. The “Advanced Mac Cleaner,” professes to be an anti-malware tool in order to sneak onto Mac computers. Also read: Mycelium May Roll out P2P Tumbling Soon New Malware Targeting Mac Users Bitcoinists who use Macs ought to be especially concerned, as the malware specifically targets Mac users by mimicking an anti-malware tool designed for Macs. Malware can be used to steal private keys

    New Malware Sneaking Onto Mac Computers, Bitcoinists Be Warned

    | 2016/08/20 3:42 pm
  • One of the biggest problems facing Bitcoin is people’s lack of trust. Despite the security of the blockchain, many continue to believe that Bitcoin is unsafe, attracting criminals and breeding fraud. Also read: Bitcoin Price Sluggish, But Technical Indicators Still Bullish Gox and Bitfinex: Coincidence, or Signs of Conspiracy? The recent Bitfinex hack has done little to change this attitude. In fact, when one looks at the attack, it’s easy to notice similarities between these

    Coincidence or Conspiracy? A Comparison of Mt. Gox and Bitfinex

    | 2016/08/17 5:00 am
  • After a steady week of hovering in the $650 range, the bitcoin price has been dealt a massive blow. Investors and enthusiasts were shocked to discover that the world’s favorite coin had fallen by more than $100 into the low $500s. At press time, the price has rebounded, and hovers around $571, a near $200 drop since reaching a high of $700 just a few months ago. Community consensus on the cause of the drop points the blame at

    Bitfinex Hack to Blame for Massive Bitcoin Price Drop

    | 2016/08/04 5:00 am
  • On August 2, 2016, it has been reported that the major cryptocurrency exchange, Bitfinex, was hacked with some customers losing Bitcoin as a result. Additionally, BitGo has commented on the event. Also read: Indacoin: Buying Bitcoin, Litecoin with a Credit Card The Breach of Bitfinex Bitfinex itself confirmed the hack in a press release earlier today, saying they have halted all trading on the platform. Additionally, all deposits to and withdrawals from Bitfinex have been

    Bitfinex Hacked, Bitcoin Confirmed Stolen

    | 2016/08/02 5:06 pm