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.
New Microsoft Browser Combats Crypto Mining Malware
To protect users from unintentionally downloading crypto mining scripts, Microsoft is releasing its new Edge browser, which is designed to block this type of malware. Microsoft...
Crypto Ransomware Paralyzes California School District
A crypto ransomware attack shut down the Mountain View-Los Altos school district servers and phone system on Wednesday. The malicious software demanded Bitcoin as ransom to restore...
Kraken Finds Critical Security Flaw in Trezor One and T Wallets
Kraken Security Labs has identified a critical security issue in Trezor hardware wallets which enables seeds to be extracted from the devices. Kraken Finds Flaw in Trezor Wallets...
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...
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...
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...
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...
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...
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...
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...
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...
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...