The Key Ceremony: Auditable Private Key Security Practices

The Key Ceremony: Auditable Private Key Security Practices

While many companies in the Bitcoin space are working on the "killer app" that will drive mainstream consumer adoption, at Armory we are working on the "killer app" for institutional adoption: insurance. There are few investments that financial institutions can make that have the all-or-nothing security properties of a Bitcoin wallet. Many proponents....


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Coinbase Files for Patent to Secure Bitcoin Private Keys

Coinbase has filed a patent for a bitcoin host computer security system for private keys that it says addresses private key security concerns. The application, filed with the U.S. Patent & Trademark Office, noted a key ceremony application creates bundles that each contain a master key share. The master key shares each store a master key used for private key encryption during a checkout process. Existing systems do not maintain security over private bitcoin keys while allowing users to check out on a merchant page and make payments using their wallets, the application noted.....

Polygon CSO blames Web2 security gaps for recent spate of hacks

Polygon's chief of security says his department now employs 10 experts to ensure top-notch cyber security practices are adopted, recommending other crypto firms do the same. Polygon Chief Security Officer Mudit Gupta has urged Web3 companies to hire traditional security experts to put an end to easily preventable hacks, arguing that perfect code and cryptography are not enough. Speaking to Cointelegraph, Gupta outlined that several of the recent hacks in crypto were ultimately a result of Web2 security vulnerabilities such as private key management and phishing attacks to gain logins,....

Breaking Zcash: Blockchain and the Art of Security Theater

The cameras were rolling as Bitcoin Core developer Peter Todd set fire to the computer he'd just used to help bring Zcash to life. Wearing a gas mask he’d purchased at a local shop near Valemount, British Columbia, he burned the components with a propane torch until they turned almost completely black. His intention was to prevent anyone from ever recovering their contents. Todd then bagged up the torched components, and drove in a rented car from the sparsely populated setting of the ceremony to the small town of Kamloops, better known for its pulp mill than for being one of the....

Edward Snowden reveals he was one of six who helped launch Zcash

It turns out the pseudonymous John Dobbertin, who was one of the six participants in the Zcash Ceremony, was Edward Snowden all along. Cybersecurity poster boy and government surveillance whistleblower Edward Snowden has revealed he played a pivotal role in the creation of privacy token Zcash (ZEC).A video from Zcash Media featured an interview with Snowden where he outlined his involvement as one of the six individuals who had a piece of the Zcash multisig private key to launch the project on Oct. 23, 2016. In the video, Snowden stated:“My name is Edward Snowden. I participated in the....

Dragon’s Tale – Play the Tea Ceremony and Earn Some Coins

Dragon’s Tale is the only Casino MMRPG and one of the leading Bitcoin Casinos in the industry. Dragon’s Tale was the first to introduce this completely new genre into the gambling ecosystem. The site first appeared in early 2012, and since then it has been steadily growing, and today The Casino already offers more than one hundred original and exotic Casino-based games. At Dragon’s Tale, you will find a whole lot of fun games that you will never find in any other casino. One of these cool games is the Tea Ceremony. The Tea Ceremony is kind of a poker variant. In Tea Ceremony, you have to....