#security

Jameson Lopp: For Me Bitcoin Is a Hedge Against the Existing System Jameson Lopp: For Me Bitcoin Is a Hedge Against the Existing System

Amidst the unstable economic situation and uncertainty in the financial markets worldwide, financial safety should get lots of attention. Although, it’s much better to think about a rainy day in advance.

Bitcoin Exchanges and Cybersecurity Trends: Can Audit and Insurance Safeguard Your Money Bitcoin Exchanges and Cybersecurity Trends: Can Audit and Insurance Safeguard Your Money

The crypto industry historically suffers from security issues. In 2019 alone hackers stole nearly $300 million from crypto exchanges. Exchanges, wallets, and payment processors have to respond with radical measures from large-scale audits to multi-million dollar insurance programs. In this piece, BDCenter Digital helps us explain how crypto projects protect their users.

Bitcoin in Cybercrime: Questionable Choice That Works

Looking through the news that came up during the month, one may notice several closely packed cases of hacking, extortion, and other unsavory activities involving Bitcoin. While there seems to be no particular connection between these cases, this is an unkind reminder not to be negligent about basic cybersecurity.

Don’t Trust the Wallet in Apartment 23: What Bitcoin Wallets Have Worst Reputation and Why

Choosing a crypto-wallet is usually one of the first challenges that a rookie cryptocurrency user has to face. Of course, the internet is full of guides on how to make the choice. Those guides can be good or bad, reasonable or silly, free or sponsored, and so forth. Still, while such reviews are abundant, there […]

Bitcoin Extortion and Hacked Gadgets: How Blockchain Will Repel Cyberattacks in 2020

According to the report by CipherTrace, losses to frauds and theft related to cryptocurrency amounted to $4.4 billion in 2019. As the hi-tech market develops, cybercriminals have shifted their focus from exploiting technical vulnerabilities to social engineering. Using the typical weaknesses we humans have isn’t too hard and doesn’t require special skills.

How to Protect Your Crypto Wallet if Someone Searches Your Phone?

We all keep a lot of personal information on our phones and obviously don’t want to share our correspondence, cryptocurrency wallets, or contacts to become a part of the public domain. Nonetheless, in some cases, authorities can ask you to provide full access to your device.

VeriBlock’s Proof-of-Proof Protocol to be Launched on Mainnet

Developers of VeriBlock, a protocol aimed at delivering Bitcoin-level security to both new and established blockchain and cryptocurrency projects, announced the upcoming mainnet launch of the VeriBlock blockchain.

Ethereum Classic Developers Hope to Get a Full Picture of a Potential 51% Attack Soon

Ethereum Classic’s (ETC) development team admitted a malicious attack on the network had taken place and hopes the full extent of the incident will be known rather soon than later.

Nearly $1 Billion Stolen in Crypto Hacks in 2018

Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the 2017 levels, according to cyber security firm CipherTrace.

BitGo Boosted by Approval to Become a Regulated Cryptocurrency Custodian

Crypto security startup BitGo has today received green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, meaning it can now offer institutional clients a regulated storage solution for cryptocurrencies.

Jameson Lopp: Bitcoin Users are Their Own Worst Enemies in Terms Of Security

Despite the deep correction the cryptocurrency market has suffered throughout 2018, its capitalization is still holding above $200 billion while leading exchanges are securing deals worth hundreds of millions of dollars every day and institutional investors are looking for a better infrastructure around the industry to take part in the revolution.

Bisq Co-Founder Chris Beams: There’s a Fundamental and Ultimately Fatal Flaw In the Centralized Cryptocurrency Exchange Model

In the light of the recent Coincheck hack which resulted in theft of over $500 million in NEM (XEM) cryptocurrency, the ongoing debate on the importance of decentralized solutions is taking another turn highlighting issues such as the vulnerability of ‘traditional’ centralized platforms and users having to sacrifice the control of their private keys in […]

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