Vault7: Are Your Bitcoins Safe?
Vault7 is the codename WikiLeaks gave to a planned series of releases of documents detailing the electronic surveillance and cyber warfare practices of the CIA. The famous whistleblowing website claims that it is going to be “the largest ever publication of confidential documents on the agency.” Part one of the series, codenamed “Year Zero,” was released on March 7, 2017. It is a set of over 8,000 documents that offers some alarming evidence of the CIA’s ability to hack into various electronic devices and use them for surveillance and cyber warfare activities. What is worse is that the....
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Over the past two weeks, the bitcoin community has been discussing the possibility of a hard fork in the near future. Furthermore many industry exchanges and bitcoin-based businesses are already making preparations for such an event. A couple of questions bitcoin holders are asking are; Whether or not their bitcoins will be safe and what they should do....
Bitcoin exchange LocalBitcoins is currently experiencing a lengthy outage brought about by server hardware issues. However, the exchange has reassured its users that all bitcoins are safe and sound. LocalBitcoins confirmed the outage in a blog post on Sunday with a brief statement: "Our server had gone down yesterday. The reason might be hardware failure. We are researching the issue and trying to get the site back up." The company also tweeted that no bitcoins or data had been lost in the outage: Trying to get service back up. Can't provide ETA yet. All btc is safe, all data is safe, this....
It's the festive season, and if there is a bitcoin fan among your friends and family, then they may have given you some of the virtual currency in your Christmas stocking. If so, what should you do with it? There are several options for you as a new bitcoin owner. We'll tell you about them here, but before you start, please don't do what Bloomberg TV anchor Adam Johnson did. Fellow anchor Matt Miller gave bitcoins to Johnson as a Christmas gift on air. They came in the form of a paper wallet (see below), which Johnson showed to the camera, displaying his private key in the process. Whoops.....
When you store your bitcoins on an exchange, a gambling site, or in an investment site, you're placing a lot of trust in the company. Personal wallet security with a relatively small amount of coins is one thing, but these sites store many more bitcoins than the average user, and are therefore prime targets for attack. So how do they protect your money? Some, like the gambling site Seals With Clubs, use their own proprietary wallet technology, while others work with third-party services. There are a variety of techniques and tools that companies can use to try and keep customers' cherished....
Bitcoins are like gold. They are precious and must be kept safe at all times. But, this man from Wales realized that too late. James Howells, who made news after losing 8,000 bitcoins on a hard drive he discarded in a local landfill nine years ago, has a cunning plan to retrieve his cryptocurrency. But […]