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Apple Store’s Scam Bitcoin Wallet Apps & Controversy


Ethereum Web Wallets Thrive Due To Valuable Features And Multilingual Support

A Glimpse Into The World of Cracking Bitcoin Brainwallets

PayPal Remains on The Fence About Bitcoin, But Does it Even Matter?

BIP39 Bug Does Not Affect Bitcoin Wallet Balances, Fix Is Imminent

Bitcoin Exchange and Wallet Service Snapcard Will Halt Operations On May 1st

A New Fake Bitcoin Wallet Gets Approved In The Apple App Store

Trezor And Other Bitcoin Companies Pledge Support For UASF Scaling Solution


Keeping XRP In Exchange Wallets Fuels Market Volatility

KeepKey Officially Ends Support for Multibit

Bitwala Wallet now Supports Multiple Bitcoin Addresses

Blockchain Wallet Finally Wraps up Bitcoin Cash Integration

Bitcoin Wallet Bread Leaves SegWit2x Support up to the Users

IcyWallet is a Secure Solution for Visually Impaired Bitcoin Enthusiasts

Coinomi Wallet can no Longer be Audited by the Public


Bread Wallet now Supports in-app Bitcoin Purchases With Credit Card

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It’s always good to read some positive news regarding Bitcoin or other cryptocurrencies. Fans of the Bread Wallet for mobile devices have a new feature to explore. It is now possible to purchase Bitcoin directly with their credit card. All of the purchased money will be deposited into one’s Bread wallet right away. It’s a positive development, to say the least. It will be interesting to see how this service is affected by the recent crackdown on Bitcoin-related card purchases.

Mobile Bitcoin wallets are about much more than storing value. While that will remain a pressing goal, there are other features to take into account. Buying Bitcoin directly from one’s wallet certainly makes a lot of sense. It also introduces a fair degree of convenience, which is something everyone will approve of. Bread is one of the first wallets to offer this functionality successfully.

A big Move by the Bread Wallet Team

Using a credit card to buy Bitcoin is not straightforward either. Various banks actively block such transactions without recourse. Visa and Mastercard are not too happy with any cryptocurrency-related associations either. It is good to see Bread implement this functionality. Whether or not a lot of people will use it, is a different matter altogether. Especially given the current “ban” on cryptocurrency purchases, this is a very bold move by the wallet developers.

It seems this new feature is the direct result of customer feedback. More specifically, a lot of users have asked for such a convenient solution by the look of things. Getting verified on exchanges is time-consuming and clunk.y Moreover, users need to pay a high fee to move funds from the exchange to their Bread wallet again. Having an all-in-one solution makes a lot more sense for all parties involved. With this same-day delivery business model, the wallet introduces some positive changes altogether.

It is also worth noting users get to enjoy some rather high limits. It is possible to buy up to $20,000 worth of BTC per day. Do keep in mind the monthly limit is $50,000. Both of these limits are rather generous on the part of Bread wallet. This new service is provided with the help of Simplex, one of the team’s many partners. There is a verification process, but everything can be completed from within the wallet itself. An interesting approach that brings some much-needed positive attention to Bitcoin.

Header image courtesy of Shutterstock

The post Bread Wallet now Supports in-app Bitcoin Purchases With Credit Card appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

Trezor Issues Security Update to Address Physical Vulnerability

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Hardware wallets are still one of the better ways to store digital assets these days. Cryptocurrency users have a few different wallets to choose from in this regard. Trezor recently introduced a new security update to address a psychical security issue discovered a while ago. Although there is no indication anyone exploited this vulnerability, closing it off is always the better option.

in the latest software update, Trezor patches a major flaw. Last month, a user reported the hardware wallet was subject to a physical vulnerability. It doesn’t happen all that often such a bug goes by unnoticed for a longer period of time. The flaw only exists in the Trezor One, as the model T is unaffected. This flaw was found and disclosed by Saleem Rashid.

An Important Trezor Firmware Update

The underlying memory write-protection operations of the wallet are subject to an exploit. Although it does not allow for private key extraction, it is still worrisome. By disabling the write-protection, the chip can behave in very odd ways. As such, it is impossible to properly gauge the potential impact of this vulnerability. Addressing it before it can even become a problem is always the right course of action altogether.

For the Trezor users, the new update should arrive automatically. The update can be found within the wallet’s user interface. It is evident this update needs to be installed as quickly as possible. Model T owners do not need to worry about this update. Instead, Model One users will need to complete the upgrade as soon as possible. This will require the use of your recovery seed, though.

It is good to see companies address such problems pretty quickly. It is evident criminals will continue to look for weaknesses in the cryptocurrency ecosystem. Issues like these are rare, yet they can still pose a lot of problems in the process. Trezor is taking the smart approach by updating their firmware accordingly. So far, no users have complained about any issues with their wallet due to this flaw. We can only hope things stay that way.

Header image courtesy of Shutterstock

The post Trezor Issues Security Update to Address Physical Vulnerability appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

Hackers Targeting Exchanges Will Force Consumers to Protect Their Bitcoin Investments

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There are a lot of concerns regarding cryptocurrency. The mounting number of hacks and scams need to be addressed. Keeping Bitcoin investments safe has never been more important than today and requires some personal responsibility.


A Rough 2018 for Bitcoin Users

Anyone storing their cryptocurrency in a wallet they do not fully control is at risk. This became painfully evident yet again with the Coinrail hack. Although no bitcoins were stolen, it is a clear warning sign as to how things will need to change. Additionally, the Coincheck hack earlier this year also pointed out major flaws. Storing funds on an exchange is convenient, but it also leaves the door wide open to hacks.

In fact, experts expect hackers to continue to target cryptocurrency exchanges. It is a high risk-high reward situation, but one that can be worth it for criminals. After all, the rewards can easily go as high as $10 million or more. Getting away with such hacks will become increasingly difficult, though. The number of blockchain analysis firms is on the rise, and tracking transactions are usually relatively easy.

An interesting statistic was provided by Yo Kwon, the CEO of Hosho Group. He goes as far as claiming one in three cryptocurrency exchanges have been hacked at some point. There may be some truth to that statistic as there are a lot of smaller exchanges that have run afoul of such mischief. That tilts the scales a bit in one direction, although most major platforms remain relatively safe.

Bitcoin investments need to factor in security.

Protecting Investments Remains Key

It is evident the increasing number of hacks has regulators concerned. Whether or not that will be a positive development remains to be seen. All they can do is force companies to beef up their security measures. Such developments are taking place in most Asian countries right now, especially Japan.

Another option is how users need to take full control of their funds. Storing Bitcoin or altcoins in a regular wallet – or a hardware version – is the best course of action. Relying on exchanges and wallet providers is not a smart choice. Financial freedom also comes with a lot of responsibility. This is especially a valuable lesson for smaller investors.

The cryptocurrency world is a very unique creature. Convenience should not be the go-to concept for anyone looking to invest in Bitcoin or altcoins. Unfortunately, the reality is very different. Exchanges will remain prone to hacking attempts and criminals will periodically succeed. All the more reason for consumers to take matters into their own hands, first and foremost.

How do you store your cryptocurrency? Do you keep it on an exchange or in cold storage? Let us know in the comments below.


Images courtesy of Shutterstock.

The post Hackers Targeting Exchanges Will Force Consumers to Protect Their Bitcoin Investments appeared first on Live Bitcoin News.

John McAfee Claims Poisoning Attempt, Announces New Wallet

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Cybersecurity expert John McAfee claims that enemies tried to poison him, sending him to the hospital. He has also just announced a new cryptocurrency wallet.


It’s been a crazy week for John McAfee, even by his usual standards. The cybersecurity mogul is well known for his colorful tweets, where he’s willing to say anything that passes through his mind.

Claims Enemies Poisoned Him

The Twitter account of John McAfee was silent for a number of days, which is highly unusual for the maverick. Then he posted a tweet earlier today that fell like a bombshell.

In it, McAfee says that he had spent the last three days in a hospital, essentially fighting for his life. The cause of the hospitalization, he claims, is that enemies tried to poison him.

In the tweet, he says:

I apologize for my three day absence but I was unconscious for two days at the Vidant Medical Center in North Carolina and just woke up. My enemies maged to spike something that i ingested. However, I am more difficult to kill than anyone can possibly imagine. I am back.

In a subsequent tweet, he says he knows who was behind the poisoning. McAfee also said that a reckoning will be had as those responsible will “soon understand the true meaning of wrath.”

John McAfee Launches a New Wallet

Five hours later, McAfee was back on Twitter. This time, he proclaimed the launch of a new ultra-secure wallet that’s built by Bitfi. The Bitfi Wallet promises to feature greater security than any other wallet and is automatically updated.

The press release for the new wallet also states:

While most wallets store a 24-word memory key to access funds, the Bitfi Wallet allows wallet holders to store an unlimited amount of funds, without possibility of loss or theft, by utilizing a proprietary and open-source Bitfi algorithm that calculates the private key with a powerful onboard CPU from the user’s own unique secret phrase. The private key only exists for a fraction of a second, just long enough to approve the transaction and is never stored anywhere. The user- created phrase is impossible for others to guess but easy for the wallet holder to memorize.

The press release for the Bitfi Wallet adds:

Unlike other wallets, the Bitfi wallet cannot be tampered with. If it is ever lost, stolen, taken apart and forensically analyzed, the private keys cannot be retrieved, making the wallet safe to purchase from anyone within the network of authorized distribution dealers. Because the Bitfi algorithm is completely open source, users can easily obtain their private keys without any reliance on 3rd parties, including Bitfi itself. Furthermore, instead of having to access each currency from individual folders or multiple wallets, users can view and control all of their digital currencies and assets in one place via the Bitfi dashboard.

Overall, it’s been an eventful week for John McAfee. First, he winds up in the hospital for several days. Then, he announces the launch of a new wallet just a few hours after notifying his followers of his recent ordeal.

Do you wish your life was as interesting as McAfee’s? Let us know in the comments below.


Images courtesy of Shutterstock and Twitter/@officialmcafee.

The post John McAfee Claims Poisoning Attempt, Announces New Wallet appeared first on Live Bitcoin News.

Binance Makes First Purchase, Buys Trust Wallet

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Binance, the second largest cryptocurrency exchange, made their first acquisition, buying Trust Wallet.


Binance is one busy cryptocurrency exchange. It currently sits at the number two position on the exchange listing, with OKEx narrowly beating it. Binance had a total 24-hour transaction volume of $1,299,622,913 to OKEx’s $1,456,957,825. Now the crypto exchange has made its first acquisition as it announced it had purchased Trust Wallet.

Giving Customers More Control

Trust Wallet is a decentralized application browser and wallet provider that allows users to store a dizzying array of Ethereum-based coins. In fact, it can hold more than 20,000 different tokens altogether. Even better is that it does not collect a lot of user data, a feature that crypto enthusiasts likely enjoy.

The cryptocurrency exchange bought Trust Wallet to give their customers greater control over their portfolio of virtual currencies. Zhao Changpeng, Binance CEO, said:

The users control 100 percent of their funds. Now we have both a decentralized and centralized solution for custody.

Binance has made their first purchase, buying Trust Wallet.

Of the acquisition, the exchange also noted:

The company has built a reputation for security and has held itself to the guiding principles that it will never access user wallets, hold private keys, and ask for personal information. The Trust Wallet brand and team will retain the autonomy and freedom to develop the core product while benefiting from the increased synergy from Binance.

Financial details of the purchase were not released. What is interesting is that this won’t be the only item on Binance’s shopping list as the exchange says that it is in talks with other companies it’s interested in buying.

A Busy Year

2018 has been a pretty hectic year for the exchange. Back in March, the company announced plans to relocate to Malta, a country that is fast becoming a cryptocurrency and blockchain hub.

In June, the exchange expanded by launching the first fiat-crypto exchange in Uganda. This was a tremendous move as it opened up opportunities in a country where access to finance is very limited.

Just two weeks ago, Binance held another of its quarterly token burns. A total of 2,528,767 BNB (worth about $30 million) was burned off, dropping the circulating supply of BNB down to 144,443,301 tokens.

Overall, Binance is having a banner year, and it definitely has money to buy more than Trust Wallet. The exchange expects to generate at least a billion dollars in revenue by year’s end.

Do you think the purchase of Trust Wallet is a good decision? Let us know in the comments below.


Images courtesy of Shutterstock.

The post Binance Makes First Purchase, Buys Trust Wallet appeared first on Live Bitcoin News.

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