Bitcoin Wallet Provider Blockchain Currently Offline
Bitcoin wallet service Blockchain is accessible once again. Blockchain, the operator of the world's most popular bitcoin wallet service, is currently offline. CoinDesk was last able to retrieve data from the site's API at 05:44 UTC this morning, with a Reddit user noting the issue at around 07:00. At press time, a message on the site's homepage read: "We will be back shortly. Blockchain.info is currently down for maintenance. For status updates please see Twitter. Apologies for any inconvenience." A tweet by the company's Twitter account stated similar information: We are currently....
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One of the challenges of storing bitcoin securely is finding the appropriate tradeoff between security and convenience. On one end of the spectrum, hosted online wallets make it super simple to store your bitcoin online and access them from any computer by logging in with a username and password. However, this means that your account can be compromised easily by an attacker who learns your email and password. This also means that you must trust your hosted wallet provider to offer appropriate security measures. On the high-security end of the spectrum, paper wallets allow you to store....
Hardbit Bitcoin Wallet. An Offline, Secure, Cold Storage Unit. Hardbit recently started shipping the Hardbit HB01 Bitcoin Hardware Wallet. The HB01 is a low cost offline, secure, cold storage solution for your bitcoins that still allows you to use them when you want. The Trezor wallet is just starting to ship pre-orders and Butterfly Labs has still not shipped their hardware wallet (or anything at all for that matter). This has left a huge gap in the market for a stand-alone solution to offline storage that is not a paper wallet or a complicated DIY method. Hardbit has stepped into that....
Even with all the encryption and multi-sig security features offered by most bitcoin wallets, some instances of theft have still been reported due to online storage. KeepKey now offers a way to store bitcoin offline through an actual hardware wallet. This private bitcoin vault is available for $239 on the KeepKey site or Amazon and comes with a USB-connected device. This can work with existing bitcoin wallets and takes over the management of private key generation, storage, and transaction signing. Offline Bitcoin Wallet. To set the offline bitcoin wallet up, users need to install the....
Bitcoin security has been a focus as of late, with BitStamp losing five million dollars of Bitcoin after being hacked. As a result, many Bitcoiners suggest not using exchanges to store Bitcoin. Instead, offline options, which have never touched the internet, are considered the most secure options for storing Bitcoin. Cold storage, storing your Bitcoin offline, is usually considered the most secure way to store your coins. However, it can be complicated to set up. One alternative is hardware wallets, which are devices similar to portable hard drives, but store Bitcoin. These wallets also....
In bitcoin's early days, there were not many options for storing coins: users had to download the Bitcoin-QT client to keep the cryptocurrency. That way, the platform storing the wallet provided as much security as the user required, with the option of keeping the client offline and encrypted - away from prying eyes searching for private keys. In the past few years, though, bitcoin has moved off the PC desktop onto web services and mobile wallets. And many of these hosted wallets, as they are called, are managed by a third party. Users relying on hosted wallets are, in essence, depending....