Why Smartphone Wallets Are Insecure, And How to Protect Your Bitcoin
From the theft of $230,000 from ShapeShift to the DAO hack, large amounts of cryptocurrency can be stolen through security breaches if the owner does not take the necessary safety precautions. Of particular vulnerability are mobile devices, which can be subject to a host of attacks through apps that are spyware in disguise. CoinTelegraph interviewed Gary Miliefsky, CEO of cyber-security firm SnoopWall, about the security risks facing mobile device Bitcoin wallet users. CoinTelegraph: Bitcoin smartphone wallets: how secure are they? Gary Miliefsky: Smartphone wallets are completely....
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Smartphone encryption has been a topic of heavy debate over the past few months, and the opinions are divided to say the least. Both users and manufacturers want to preserve encryption or even add additional layers to protect user data. But on the other hand, various government officials are proposing bills to have encryption on smartphones weakened by default. Weakening Smartphone Encryption To Fight Human Trafficking. A little while ago, one US state lawmaker proposed a new bill to weaken smartphone encryption by default, to avoid its use cases for terrorism and other illegal use cases.....
Ok, so maybe the whole Bitcoin mining thing didn't work out. Maybe you are a day late, and a dollar short to play with the big boys in 2015. Maybe you need just one more shot to strike it rich in digital currency. If you don't have a supercomputer that takes up an entire bedroom, it's probably time for Plan B. That plan might include the newest digital currency called MangoCoinz. "What's that?" you might ask? MangoCoinz is a new digital currency that lets you mine on your smartphone, so no mega-servers are required. It can be done away from home as well, or anywhere you can take your....
The Philippines continues to be one of bitcoin’s most promising countries, posting a 20 percent growth in smartphone shipments for Q1 2016. That figure makes it the fastest-growing smartphone market in Southeast Asia. According to IDC and TechinAsia reports, Philippines’ statistics come at a time when other countries in the region experienced lackluster....
For those CoinDesk readers who have started trading with Bitcoin, there is the inevitable concern of how to protect ones' wallet. The so-called wallet is a simple data file that contains a set of Bitcoin (or insert your preferred currency here) addresses. That's all you need to keep your Ecoins with you. The block chain is copied to every single client has a list of every single transaction and balance for your given currency, e.g. Bitcoin. The security of the wallet depends on the security of your computer or smartphone. What if you could embed your money inside your mind? We explain how....
In this age of hacks and scandals, are passwords really capable of protecting your bitcoins? Each bitcoin address has a corresponding private key, which enables the owner to spend the bitcoins in it, but this private key also needs protecting. The private key for your public bitcoin address is crucial, because without it, you will lose access to your coins. You can't keep this key in your head, though, because it's a long string of alphanumeric gibberish, which is rather impractical to memorise. Some people protect their bitcoins by storing them in paper wallets, embedding them in a....