Does the Open-Source Model Enable Bitcoin-Stealing Wallet Apps?
According to an Apple Insider report published on August 9, a disturbing trend has emerged on Apple’s App Store as a series of malicious copycats of well-known Bitcoin wallet apps became available to download. Some of the fake wallets looked quite similar to the real thing but were specifically tweaked to steal bitcoins from unsuspecting users. As a....
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From hacks to apps, a report says more than 10 counterfeit Bitcoin-related apps found their way into Apple’s App Store with some of them being designed to steal Bitcoin worth thousands of dollars from users. Though all the counterfeit apps have since been removed from the App Store, one user claimed to have lost about $10,000 with a trace to the deposit address showing it has $20,000 listed on it, according to Breadwallet co-founder Aaron Voisine in an interview. Breadwallet case. Breadwallet was one of the first legitimate Bitcoin wallets to be identified as being counterfeited to....
The wallet leverages open-source software and bitcoin encryption to enable its users to custody not only BTC, but personal user data as well.
Open-source bitcoin project Coinpunk has launched an Indiegogo campaign in an effort to raise funding for a new wallet solution that could be used on iOS devices without a jailbreak. Apple has a history of restricting bitcoin-related apps in the app store (which contains over 1 million apps). Thus, Coinpunk is not designing an app, but a web application. The web application allows users to create self-hosted bitcoin wallets and access them through the browser, rendering Apple's walled garden approach pointless. The idea of self-hosted wallets is interesting, as many users are still....
Fake bitcoin wallet apps have emerged in the Apple iTunes App Store, potentially putting bitcoin accounts at risk and reinforcing the need for people to make sure they are downloading apps from official wallet websites, according to Kyt Dotson, a senior editor at Silicon Angle. A representative of Breadwallet, a bitcoin app available in App Store and Google Play, has posted a notice on Reddit listing a number of fake bitcoin wallet apps in the iTunes App store, calling into question Apple’s vetting process. The fake apps have names similar to the official mobile wallet apps, but they can....
Coinbelly is a company focused on Bitcoin information; with a blockchain, news aggregator, and price charts, Bitcoin users will have no problem following transactions, Bitcoin price, or Bitcoin news. Coinbelly takes it one step further with their hardware wallet, allowing you to keep your Bitcoins safe. I’m here today with Alexander Kent from Coinbelly. Can you tell me what Coinbelly is trying to achieve? Founded in 2014, Coinbelly builds solutions that provide valuable insights into the Blockchain for business intelligence. The areas of our expertise range from Blockchain analytics to....