Google patches Android flaw that led to bitcoin heist
Google has released an advisory to developers on how to deal with the recently discovered flaw in Android that led to the theft of thousands of dollars in bitcoin from mobile app wallets. The [then] potential flaw was first reported on the Bitcoin forum, where it was reported that over 55 BTC had been stolen from multiple users to the same bitcoin address. The forum user also reported that the (software) clients that had been stolen from had signed the transaction messages with the same random number. This in turn led some to believe that Android's pseudo random number generator (PRNG) was....
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Android wallet users were sent into a panic over the weekend, after Google discovered a flaw in its mobile operating system that rendered generated bitcoin addresses unsafe. According to Mike Hearn, the forum contributor who reported the bug, the way in which random numbers are generated in Android is flawed. Random numbers are used along with a private key to sign a transaction when sending from a bitcoin address. The flaw means that any random number used more than once with the same public bitcoin address enables that address to be compromised. This problem will affect any Android-based....
In February, Bitcoin Magazine reported Google's preliminary announcement of Android Pay. Now, at the annual Google I/O event on May 28 and 29, Google officially announced its upcoming payment platform and revealed more details. Android Pay isn't a separate payment app, but an open platform that enables developers to integrate mobile payments into their apps. In fact, Android Pay is built right into the core Android operating system. It will be available for download from Google Play soon, and included in the next version of the Android OS - dubbed Android M - expected to be released this....
Commentary by Giulio Prisco. Google has announced an upcoming mobile payments framework called Android Pay, Forbes reports. Android Pay will not be a separate payment app, but a platform that enables developers to integrate mobile payments into their apps using an API layer. Google's senior vice president of Android, Chrome and Google Apps Sundar Pichai announced the upcoming payment platform at the Mobile World Congress in Barcelona."We are doing it in a way so that anybody else can build a payments service on top of Android," he said at a press event. "In places like China and Africa, we....
Bitpay’s open source wallet Copay announced Tuesday that they have fixed a security flaw in Android phones running version six, codenamed ‘Marshmallow.’ Simultaneously, popular Bitcoin web and mobile wallet, GreenAddress, has encountered the same problem and is actively working on a solution. Private Keys Kept in the Cloud at Risk. The root of the....
In February, Bitcoin Magazine reported Google's preliminary announcement of Android Pay. In June, we reported the official announcement of Android Pay at the annual Google I/O event on May 28 and 29, where Google revealed more information on its upcoming payment platform. On Thursday, September 10, Google announced that it is beginning to roll outAndroid Pay. "We'll be rolling out gradually over the next few days, and this is just the beginning," notes the announcement. "We will continue to add even more features, banks and store locations in the coming months, making it even easier to pay....