More people have access to Internet-connected devices than have access to a bank account. This leaves a massive untapped market of potential cryptocurrency users. Cryptocurrency ATMs What does a cryptocurrency ATM look like to you? It may look like something that is unnecessary and cumbersome to use compared to online exchanges, but for someone who isn’t well versed in technology, it can be an invaluable resource and asset. News about cryptocurrencies and blockchain technologies have
The value of a piece of art is often hotly debated and can sometimes appear fairly arbitrary. But TORCHED H34R7S, a painting by Marguerite deCourcelle, was far easier to put a price on. The Bitcoin puzzle artwork was worth nearly 5 bitcoins to the first person who could crack the code it held. Cryptic Crypto The painting was inspired by William Shakespeare’s poem, The Phoenix and the Turtle, and contains two coded pieces of information. Decoding
Ledger hardware wallets, once considered one of the safer methods to store cryptocurrency, have been reported to be vulnerable to “man in the middle” attacks. The Flaw A team of unknown security researchers exposed a vulnerability that allegedly involves all Ledger hardware wallets. The discovery of the issue is said to have affected over one million users and has made it evident that the devices are not a foolproof method of storing crypto. The newfound threat
Those looking to buy the dip and take advantage of what is essentially a 60%-off Bitcoin sale can now conveniently purchase the dominant cryptocurrency with credit cards via Bread. The Best Thing Since Sliced Bread Bread, a clean and user-friendly Bitcoin wallet available on both iOS and Android, announced this week: Starting this week, Bread customers around the world will have the ability to use a credit card to purchase bitcoin and have it deposited directly
As more people pile into cryptocurrencies, the need for secure storage of them will escalate. At the moment, there are only a handful of companies providing hardware wallets for Bitcoin and altcoins. Currently, those looking for such wallets are increasingly finding shelves are empty of stock amid increasing demand. Blockchain security company Ledger announced yesterday that it has secured $75 million in investments to facilitate upscaling its operations to cope with higher demand. In a
Marko Kobal, co-founder of NiceHash, the Slovenian startup that serves as a marketplace for matching spare computing power to miners, stepped down from his role as CEO last week. This comes just weeks after NiceHash lost over $60 million to a high profile cyber attack. Christmas came early for many Bitcoin enthusiasts this year, reaping huge gains from Bitcoin’s meteoric price surge in the first half of December. For NiceHash, however, the month of December
Like a lot of crypto enthusiasts, you got a shiny new hardware wallet for Christmas to store your digital assets, but you aren’t sure how to go about setting it up. Not to worry! This 7-step guide will help you set up your Ledger Nano S safely and securely. 7 Steps to Setting up Your Ledger Nano S Santa came down the chimney and left you a brand-new Ledger Nano S under the tree! Hurray!
As Bitcoin and other cryptocurrencies gain popularity as a mode of payment transfer, it has become common for the average Bitcoin user to be scammed by an anonymous identity who requests payment for some work is then never heard from again. The decentralized nature of cryptos certainly has a tradeoff – unlike a credit card or bank transaction that can be reverted, a cryptocurrency transfer once confirmed is permanently recorded on the Blockchain. This is
Your Bitcoin transactions don’t have to be expensive and slow. With a little bit of know-how and pre-planning, you can keep transaction times and fees at a manageable level. High transaction fees and long processing delays are top of the list when it comes to issues (and, in turn, discussion) surrounding Bitcoin right now and for good reason. The network is choking on the huge influx of volume seen over the last six months or so and
Desperate Bitcoin investors who cannot remember their wallets’ passwords are turning to hypnotism to retrieve the forgotten information. Others are banking on technology and building supercomputers, but even that is not enough. Early Bitcoin investors who bought the cryptocurrency while it was still in its infancy stand to profit the most from its recent explosive gains. However, some investors have long since forgotten their wallet passwords, and some are on the verge of going crazy
The EU may set up a Bitcoin database to keep track of crypto users’ identities and wallet addresses in its bid to combat terrorist financing and money laundering. Bitcoin has had its fair share of controversy, previously being seen as the preferred medium of exchange for criminals on the black market. In addition, its high level of anonymity has raised concerns that it could be used to finance terrorism, as well as to aid in
The European Union has agreed to a cryptocurrency clampdown to combat money laundering, tax evasion, and financing of terrorism. For a number of years, countries have grappled with ways to regulate cryptocurrency. The meteoric rise of Bitcoin over the course of 2017 has pushed such regulatory concerns to the forefront. Now the European Union (EU) has agreed to a cryptocurrency clampdown that will impact exchanges and wallets in order to combat terrorism, tax evasion, and
WikiLeaks has long relied upon donations in order to keep exposing government and corporate secrets and corruption. Now another avenue of support is open as Julian Assange announces that WikiLeaks now supports Bitcoin SegWit addresses. WikiLeaks has tirelessly worked to analyze and publish restricted and censored data that exposes corruption and other organizational secrets. In its 10 years of existence, it has amassed a database of over 10 million documents that shed light on things
Slovenia-based NiceHash, the cryptocurrency mining marketplace where users can rent their unused hashing power, announced on Wednesday that they had been hacked, resulting in a loss of funds estimated to be worth more than $75 million USD at current Bitcoin prices. Massive Security Breach The announcement, made via social media, indicated that NiceHash had suffered a massive security breach during which hackers were able to compromise the company’s payment system and steal the contents of both NiceHash’s
With Bitcoin prices smashing through one milestone after another and mainstream financial institutions like CME Group, CBOE, and Nasdaq preparing to offer Bitcoin futures trading, you would think that investors would be beating down the doors to get in on the action. While many investors are rushing to jump on the Bitcoin bandwagon, just as many are shying away from the digital currency. All of a sudden, or so it seems, Bitcoin hype is everywhere.
Bitcoin investment platform Abra has announced that its users can now store cryptocurrency and fiat simultaneously. CEO Hails Non-Custodial Wallet ‘Industry First’ CEO Bill Barhydt revealed the latest feature on Twitter today, in what he described as an “industry first for a non-custodial wallet.” Abra customers now have access to three wallets for Bitcoin, Ethereum, and fiat respectively, with instant conversions between them also available, Barhydt added. BREAKING NEWS: Abra now supports three wallets allowing
An anonymous user on Pastebin has provided evidence that some wallet software may be generating private keys that can be easily discoverable, and therefore easy to take any bitcoins associated with that address. There has been no word on what wallet software is possibly affected, nor if this is a malicious act or a simple coding error. TL;DR – Scroll to the last subsection What is a Private Key? I’m going to give a little
The Coinbase app has been trending at #1 on the Apple app store, coming as Bitcoins price nears $10,000 just after the American Thanksgiving weekend. Trending Searches are the most popular searches made in the Apple App Store and the data can be used to extrapolate what is on the minds of a broad range of Apple device users – no prizes for guessing, it’s Bitcoin, specifically Coinbase’s Bitcoin wallet app. With Bitcoin’s price pushing
Bitcoin is one of the first assets the world has ever seen that can be solely controlled by one person and, with the right precautions taken, can’t be taken from you. But seeing how this is a new type of asset, people with lost of money in digital currencies must take the necessary steps to see to it that their funds are given to the people you care about. Giving Your Bitcoin to Future Generations
Xapo, the company owned by Wences Casares, recently allowed a reporter to visit their secret ex-military bunker in the Swiss Alps where they store Bitcoin for important clients. There are times when the real world can be as surreal and fantastic as a movie. Case in point is the recent article written by Joon Ian Wong for Quartz and the World Economic Forum detailing his trip to a secret military bunker in the Swiss Alps.
Many hackers and scammers are currently targeting individuals and companies that have cryptocurrencies on their systems. One of the most secure methods to store digital currencies is a hardware wallet. But most of the hardware wallets do not support usage for blind people – until now. Securing your Bitcoins More and more people are becoming victims of sophisticated hacking attacks that are mainly targeting their cryptocurrencies. There are many different ways in which users can store
The Bitcoin wallet provided by Bitcoin.com is defaulting to Bitcoin clone Bitcoin Cash (BCH) instead of Bitcoin (BTC). Users sending Bitcoins to a BCH address could potentially lose their coins. The controversy was brought to light on a posting on Reddit’s /r/Bitcoin, where one user claimed that the Bitcoin.com wallet defaulting to a BCH wallet is a “scam”. The move is certainly confusing, as the Bitcoin.com wallet which defaults to Bitcoin Cash is called a
Literally millions of people have joined the world of cryptocurrencies recently. For example, Coinbase, one of the biggest cryptocurrency exchanges, has added around 2 million new clients within two months. Blockchain.com, the major electronic wallet, found its client base increase by 1.8 million during the same time frame. Most of these people are newbies, unacquainted with security issues and risks that surround complex but currently profitable cryptocurrency realm. This makes them easy targets for cybercriminals