New Crypto Security Solution Protects Bitcoin, Other Digital Assets From Theft
When people evaluate the unpredictability of the cryptocurrency market, they can see why crypto security is so important. Online crypto wallets and exchanges have been hacked in large numbers in the last 24 months. “The value of cryptocurrency taken from victims climbed by 82% to $7.8 billion in 2021,” Chainalysis’ most recent Bitcoin Crime Report shows. Bitcoin, Ethereum, and other cryptocurrencies are increasing in value, and these findings demonstrate that cryptocurrencies operate in a chaotic environment that the traditional financial system ignores or refuses to....
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Bitcoin protects private property for its users due to its theft-proof design, its use of decentralized nodes and an immutable public ledger.
According to recent reports, the Galxe protocol, a prominent Web3 platform, has suffered a security breach resulting in the theft of users’ assets. Several users have reported unauthorized access to their wallets and subsequent asset losses following their engagement with the Galxe platform. Galxe Protocol Faces Security Breach The situation came to light when the […]
Coinfloor, a London Based Bitcoin Exchange, holds all funds in cold storage. In addition to the cold storage of all client funds, all transactions are cleared through a multi-sig system where multiple keyholders check to be sure the transactions are legitimate prior to sending them out. Multi-signature wallets require more than one signature in order to send out a transaction; this drastically increases security against theft for any companies dealing with large amounts of Bitcoin. As an individual user or very small Bitcoin business, it might not make sense to use a multi-sig wallet.....
An AT&T customer filed a lawsuit against the company last week accusing it of failing to provide “reasonable and appropriate security to prevent unauthorized access to its customer wireless accounts.” This has led to the theft of cryptocurrency from the plaintiff’s crypto exchange account.
AT&T Sued by Crypto Investor
An AT&T customer, Jamarquis Etheridge, filed a lawsuit in the district court for the Southern District of Texas against AT&T Inc. and AT&T Mobility LLC Wednesday.
Etheridge, a resident of the U.S. state of Texas, has been a customer....
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of BTCV on the 2nd of February 2021 at 14:00 UTC. BTCV, a cryptocurrency launched back in 2019, claims to have come up with a theft-proof security solution. According to its makers, Bitcoin Vault (BTCV) was developed as the ultimate coin for the crypto enthusiast, hodlers, and traders alike. BTCV will be listed with BTC as a trading pair on Bitcoin.com Exchange, with more trading pairs being introduced at a later stage. What Is Bitcoin Vault (BTCV)? Since decentralized blockchains are immutable, canceling transactions....