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.

Bitcoin

Macintosh’s First Firmware Worm Developed, Bitcoin Implications...

For many years, two major computer operating systems have been considered to be more secure than Microsoft’s Windows. Both Mac OS and Linux have been less plagued by viruses, worms...

Jp Buntinx | 4 years ago
Bitcoin

Darkode Rises Again, Bitcoin Authentication Now Enabled

Two weeks ago, the US Government made an important breakthrough in the ongoing war against cyber crime when intelligence agencies managed to shut down Darkode. This forum, which acts...

Jp Buntinx | 4 years ago
Bitcoin

AppBugs Identifies Security Flaws in Bitcoin Apps

Financial technology is slowly gravitating towards a more mobile-friendly approach, which brings forth both convenience and ease-of-use. But at the same time, mobile operating systems...

Jp Buntinx | 4 years ago
Bitcoin

ING Bank Experiments With Voice Verification, Blockchain...

Security is a key element of importance when it comes to storing funds. Regardless of whether a user keeps funds in their bank account, in cash, on their mobile device or in Bitcoin...

Jp Buntinx | 4 years ago
Altcoins

XScrypt Cloud Mining Provider Shows True Ponzi Colors?

Cloud mining service providers have been facing hard times ever since the Bitcoin price dropped below $320. Whereas major Bitcoin cloud mining service providers had to shut down...

Jp Buntinx | 4 years ago
Bitcoin

Nocks Offers Multiple Tools To Make Bitcoin Payments Easier

Making Bitcoin more convenient for the everyday consumer is not an easy task to accomplish. In order to adhere to Bitcoin’s true decentralized nature, there should be no need to rely...

Jp Buntinx | 4 years ago
Bitcoin

Line Lite Targets Emerging Markets, Huge Opportunity for Bitcoin...

Social messaging applications play an important role in our daily lives, and several companies are targeting developing markets in order to build a large user base. Line, Japan’s...

Jp Buntinx | 4 years ago
Bitcoin

Cybersecurity Is A Hot Market, Bitcoin Businesses to Benefit From New...

Cybersecurity is a booming business, as there have been numerous attacks and threats against Internet services in recent years. Even in the Bitcoin world, there is a constant threat to...

Jp Buntinx | 4 years ago
Bitcoin

Installing Spyware With Drones Could Lead to Linking People To a...

The recent media storm about Hacking Team has shed light on some things most people would have rather never known. And despite all of the negative parts, there are major companies...

Jp Buntinx | 4 years ago
Bitcoin

HTTPS/TLS RC4 Vulnerability Serious Threat to Bitcoin Platforms

Security over the Internet is a topic of great concern among industry experts, as it looks like we are on the brink of facing a massive threat. As much as one-third of the world’s...

Jp Buntinx | 4 years ago
Bitcoin

How the Blockchain Can Help Authors Guild Fight Piracy

Ever since the Internet became a mainstream tool, one of the main concerns has been how users would be able to get content through illegal means. Piracy is a daily occurrence in the...

Jp Buntinx | 4 years ago
Bitcoin

BitX Launches Operations in Nigeria as Part of Global Plan

BitX has been building a global cryptocurrency platform that provides Bitcoin products and services — like wallets, exchanges, merchant integration, and APIs — to...

Deepak Tiwari | 4 years ago

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