Bitcoin Security

As with any finances security is of paramount importance, more so with bitcoin considering its nature as a digital asset. When using online banking there are several steps to go through for security purposes. Bitcoin is a little different but the principles are the same. Many people choose to leave their bitcoin on an exchange in a hot wallet and let them handle the security side of things and the private key. This is not always the best idea for those holding a lot of bitcoin since exchanges can and do get hacked on occasion.

Other options for bitcoin security include cold wallets which are disconnected from the internet. These are far more secure but the user must be responsible for both the public and private keys and the physical hardware. There are other things to be aware of regarding bitcoin security such as taking care when copying BTC addresses. There has been a lot of malware lurking around recently which alters copied wallet addresses or poses as a genuine crypto application to compromise security.

We have a number of cyber security specialists at Bitcoinist who are constantly on the alert for the latest scam, hack or security vulnerability which we will report to keep you and your bitcoin safer.

crypto keys stolen Intel
Bitcoin Security

Crypto Wallet Keys Could Be Stolen Due To Weak Intel Chips

Cryptography is all about security. The notion of having a public and private crypto wallet key and multiple hashes adds to those layers of security but at the bottom of it all is a...

Martin Young | 5 days ago
Bitcoin cryptocurrency hack
Bitcoin

Here’s Exactly How Long it Would Take to Crack Your Bitcoin...

We put a lot of faith in passwords, specifically in the private keys which secure our Bitcoin and crypto wallets. If someone were to find out or hack our private key, they would gain...

Emilio Janus | 1 week ago
jack dorsey twitter hack bitcoin
Op-Ed

What Does Jack Dorsey’s Twitter Account Hack Mean For Bitcoin?

Twitter and Square CEO, Jack Dorsey, had his personal Twitter account hacked this week. Whilst in control of the account, the hackers posted a bizarre stream of messages including...

Emilio Janus | 2 weeks ago
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Bitcoin

Bitcoin Fees Today Over 88% Less Than December 2017

Bitcoin Fees in December 2017 were almost always above $10, sometimes reaching nearly $30. Today we are nearly at the same price and fees have dropped considerably; less than a dollar...

Matthew Hrones | 3 weeks ago
crypto keys stolen Intel
Bitcoin Security

Crypto Lending Platform YouHodler Exposes Millions of Privacy Records

Cryptocurrency lending platform YouHodler exposed privacy data, including crypto wallet addresses, from thousands of its cryptocurrency users, vpnMonitor reports. Data breach Is Severe...

Julio Gil-Pulgar | 2 months ago
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Bitcoin Wallet

Samourai Wallet Launches ‘Augmented Bitcoin Core Full...

Privacy-focused bitcoin wallet, Samourai, yesterday released and open-sourced its Dojo back-end software. This allows users to transact with Bitcoin while bypassing Samourai servers...

Emilio Janus | 4 months ago
bitcoin mixer
News

Authorities Seize Dutch Bitcoin Mixer in ‘Worrying...

Cryptocurrency figures have reacted with dismay after authorities in the Netherlands seized and shut down popular Bitcoin mixer Bestmixer.io. Europol To Bitcoiners: ‘You Are Not...

Esther Kim | 4 months ago
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Bitcoin Technology

More Than Money: Bitcoin Blockchain As Global Data Verification...

On the Bitfury blog, Executive Vice Chairman, George Kikvadze, delivers a use-case for the Bitcoin blockchain as a security layer. In an ever digital world, why do we still rely on...

Emilio Janus | 4 months ago
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Op-Ed

Why We Should Never Hope For A Central Bank Of Bitcoin

Bitcoin economist, Tuur Demeester, explains why the idea of a ‘Central Bank’ of Bitcoin would create more problems than it would solve.   Bitcoin Exchanges Similar To...

Emilio Janus | 4 months ago
DADI ICO Investors Under Attack by Phishing Scams
Bitcoin Security

5 Crypto Phishing Scams to Be Aware Of

Crypto phishing scams are becoming one of the most profitable methods for cybercriminals to steal your cryptocurrency. Phishing for Crypto Cybercrime exists because it’s...

Bitcoinist | 5 months ago
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News

$1.7B Stolen in 2018 – Cryptocurrency Theft Skyrockets as...

According to the Q4 Cryptocurrency Anti-Money Laundering report by CipherTrace blockchain intelligence agency, criminals stole a massive $1.7 billion of cryptocurrency last year...

Christina Comben | 8 months ago
cryptocurrency
News

Kraken CEO Warns: Don’t Keep More Coins Than Needed on...

Binance and Kraken CEOs weighed in on industry best practices for storing cryptocurrency in the wake of Cryptopia getting hacked. The question remains, which means of storage has the...

Osato Avan-Nomayo | 8 months ago

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