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 lender YouHodler hacked
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 | 4 weeks ago
samourai bitcoin wallet dojo
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 | 3 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 | 3 months ago
Blockchain passport verification bitcoin
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 | 3 months ago
european central bank eu bitcoin
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 | 3 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
cryptocurrency theft cybercrime exchange hack
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 | 7 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 | 7 months ago
medium censorship privacy how to use bitcoin anonymously
Online Privacy

‘How to Use Bitcoin Anonymously’ Article Gets Banned on...

Publishing platform, Medium, has allegedly jumped on the censorship “ban-wagon”, after suspending an account which posted a Bitcoin anonymity guide. Whilst Medium has not...

Emilio Janus | 8 months ago
Ransomware Upstages Cryptojacking as Dominant Form of Crypto Cyberattack
News

Negotiating Bitcoin Ransomware With Cyber-Criminals as a Service

Despite oft-repeated advice to never pay in response to a ransomware attack, the reality is that this is not always a possibility. However, the desire to pay as little as possible...

Emilio Janus | 11 months ago
Bitcoin Core
Bitcoin Technology

‘Very Scary’: Bitcoin Core Developers Confirm Duplicate...

Bitcoin developers released a new version of the Bitcoin Core client September 18 after fixing a “very scary” bug which could have seen a malicious party take many nodes offline...

Wilma Woo | 11 months ago

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