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.

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 | 12 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 | 12 months ago
New Samourai Wallet Promises to Improve Bitcoin Transactions Privacy
Bitcoin Security

New Samourai Wallet Feature Makes Bitcoin Transactions Private

A 2-wallet Samourai Stowaway offers to make transactions private by masking user identity while keeping funds safe. Bitcoin Transactions Are Pseudo-Anonymous Bitcoin (BTC) transactions...

Julio Gil-Pulgar | 12 months ago
Over $6 Billion in Daily Trading Volume Faked Across Top 100 Exchanges
News

Over $6 Billion in Daily Trading Volume Faked Across Top 100...

A new report found that over 70% of the top 100 exchanges on CoinMarketCap are engaging in excessive wash trading from three to thousands of times their stated volume. [Note: This is a...

Bitcoinist | 1 year ago
Cybercrime
News

United States is Number One in Cryptocurrency Crime, Data Shows

With the increasing popularity of digital assets, more sophisticated means are being developed to obtain ownership of these highly sought-after coins illegally. A recent study has put...

Osato Avan-Nomayo | 1 year ago
News

Russian Intelligence Officers Mined Bitcoin To Fund Attacks Against...

The U.S. Department of Justice (DoJ) indicted 12 Russian intelligence officers for conspiring to influence the 2016 U.S. presidential elections. The indictment alleges these officers...

Julio Gil-Pulgar | 1 year ago
Bitcoin Exchange

Bithumb Hack Update: Cryptocurrency Exchange Recovers 45% of Stolen...

Bithumb has managed to recover roughly 45 percent of the cryptocurrencies stolen during the June 20 hack. The platform announced the news in an update published on June 28 — while...

Osato Avan-Nomayo | 1 year ago
Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam
Bitcoin Price

Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam

The hacking of exchanges and relentless attacks from financial powers have, in the short run, adversely affected the price of Bitcoin. However, once the news about these adverse...

Julio Gil-Pulgar | 1 year ago
The Cryptocurrency Market Needs a Solution to the Hacking Menace
Bitcoin Security

The Cryptocurrency Market Needs a Solution to the Hacking Menace

The Coinrail hack of June 10, 2018, led to the theft of more than $40 million in cryptocurrency. Although not one of the more prominent exchange platforms, the Coinrail hack is yet...

Osato Avan-Nomayo | 1 year ago
News

51% Percent Attacks: Hacking a $2 Billion Dollar Cryptocurrency for...

Some PoW currencies are using the same mining algorithms as their larger counterparts, making it much easier to hack the smaller networks with a 51% attack. Network Security Blockchain...

Matthew Hrones | 1 year ago

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