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.

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Bitcoin Security

Crypto Mining Malware ‘Dominates’ Cyber Criminal...

Just like any other industry, the crypto industry is highly vulnerable to cyberattacks in 2020, according to a Check Point Research‘s cybersecurity report. Cloud Infrastructure a Big...

Julio Gil-Pulgar | 7 days ago
CFTC Hunts Down Multi-Million Dollar Crypto-Ponzi Scammer
Bitcoin Security

CFTC Hunts Down Multi-Million Dollar Crypto-Ponzi Scammer

The U.S. Commodity Futures Trading Commission (CFTC) and South Korean regulators continue investigating the UK-based company Control-Finance Ltd, and its principal, Benjamin Reynolds...

Julio Gil-Pulgar | 2 weeks ago
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Bitcoin Security

Is Bitcoin Resilient Enough to Take on Cyber Threats in 2020?

Experts predict that Bitcoin and other cryptocurrencies will gain momentum in 2020 and therefore will become increasingly pervasive in all industry sectors. There will also be an...

Julio Gil-Pulgar | 3 weeks ago
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Bitcoin Security

Kraken: Keepkey Crypto Hardware Wallet Has an Alarming Flaw

Crypto practitioners who depend on Keepkey hardware wallets to store their coins ought to take a pledge of not discussing it in public. Kraken Warns Crypto Users The warning appears on...

davitbabayan | 1 month ago
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Bitcoin Security

Trojan Virus Discovered That Steals Password Data from Crypto Wallets

Cybercriminals have launched a new malware conceived to steal data from crypto wallets. ThreatLabZ, a Zscaler team of security experts, has identified the malware as a RAT (Remote...

Julio Gil-Pulgar | 4 months ago
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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 | 4 months ago
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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 | 5 months ago
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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 | 5 months 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 | 5 months 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 | 6 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 | 8 months ago
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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 | 8 months ago

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