Bitcoin advocate criticized for backing wallet authentication project
After being swarmed by critics, Bitcoin advocate Nic Carter asked crypto Twitter to unfollow him if they disagree with any of his investments. Crypto Twitter has gone after Nic Carter, a prominent advocate of Bitcoin (BTC), for his involvement in Dynamic, a third-party wallet authentication project that could potentially prevent wallet transactions to be performed if a wallet is categorized as risky. In a tweet, Carter shared his excitement in backing the project, tweeting Dynamic's announcement about a recently completed $7.5 million raise led by Andreessen Horowitz (a16z). Following....
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Canadian wearable-tech startup Boinym has launched a biometric bitcoin wallet that relies on its Nymi smart wristband for authentication. The Nymi wristband has a clever way of confirming the user's identity: it scans the wearer's heartwave using an electrocardiogram (ECG) sensor and matches its pattern to the one stored in its database. This offers 'always on' authentication, as it doesn't require any input from the user, and should function for as long as the user has a pulse. Bionym released the Nymi software development kit (SDK) last November and said at the time that it already had....
Security has become a very important issue when it comes to Bitcoin wallets, and the ecosystem is always in constant demand for new features and innovative developments. The Bitcoin Authenticator is a new open project aiming to bring new developments and innovations to the Bitcoin security industry, and the first to introduce a Bitcoin wallet that offers a practical decentralized wallet security solution. The development team has also designed a decentralized, two-factor authentication (2FA) application that sits on top of the wallet. The Alpha version of the Authenticator is already....
Update: This article was based on Ledger's post on Medium.com, which insinuates that Ledger will integrate full FIDO features. We've been told that this is not true, however. Ledger says they will add U2F authentication, but not biometric. We apologize for the error. The next generation of Ledger, a smartchip-based Bitcoin hardware wallet similar to Trezor, will be compatible with the authentication features of Fido Alliance – namely external dongles and fingerprint readers. Ledger says they will employ Fido Alliance's Second Factor (U2F) and Passwordless (UAF) authentication types. “[It]....
Disclaimer: Vitalik Buterin and Mihai Alisie have some involvement in the Dark Wallet project. The Bitcoin Dark Wallet has been all the rage in the Bitcoin news these past few days. While the media was abuzz with claims that Bitcoin is finally abandoning its cryptoanarchist past and going mainstream, and cashless society advocate David Wolman writing an article in Wired calling for increased centralization, this collaboration between Cody Wilson's Defense Distributed, unSYSTEM and Coinpunk seems to have fired a shot out of left field in the exact opposite direction. In the project's....
A New Jersey fraud investigation is underway, and four students at the Massachusetts Institute of Technology (MIT) are under the microscope for a hackathon project that involves bitcoin mining. Dubbed "Tidbit", the project allows website visitors to "loan" computing power to mine bitcoin (for the website operator) in exchange for not seeing advertisements. The state of New Jersey isn't seeing it as a simple exchange, however. Authorities has reportedly subpoenaed developers of the project - and they're looking for source code and other documents related to the project. At this juncture,....