Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Mil...
A number of forum posts and tweets say that the website bitcoinpaperwallet.com is compromised and people have said they have lost bitcoin using the paper wallet generator. Three years ago the website domain changed ownership and ever since then losses have been reported on Reddit forums, bitcointalk.org, Twitter, and other public venues. The owner of the paper wallet generating web portal denies the platform’s codebase is compromised and claims it has been audited by a security expert. Bitcoinpaperwallet.com Wallet Generator Site Accused of Being Compromised and Unsafe Years ago, a....
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Bitcoin paper wallets are a great, simple, and secure method to store your precious bitcoins. While creating and using a paper wallet may be simple, much confusion still stands behind the how. Today I'm going to show you how to create a bitcoin paper wallet, and explain how they work. But first, let's see the positive and negative sides of a paper wallet: Positive sides. Pretty much the only way someone can steal your bitcoins (assuming your private key wasn't compromised while creating the paper wallet) is for someone to physically see the paper wallet. Easy to create. Fun way to share....
Another bug has been discovered in a bitcoin wallet, leading to the theft of around 50 bitcoins. This time, Blockchain.info's web wallet was at fault, and the company is now offering refunds to users who lost bitcoins due to the flaw. The popular Blockchain website primarily offers market data and serves as the main block chain explorer for the bitcoin currency. However, users can also create web-based wallets to send and receive bitcoins. The bug lies in the random number generator that the web wallet uses to sign bitcoin transactions. The random numbers are generated in web browsers....
One of the challenges of storing bitcoin securely is finding the appropriate tradeoff between security and convenience. On one end of the spectrum, hosted online wallets make it super simple to store your bitcoin online and access them from any computer by logging in with a username and password. However, this means that your account can be compromised easily by an attacker who learns your email and password. This also means that you must trust your hosted wallet provider to offer appropriate security measures. On the high-security end of the spectrum, paper wallets allow you to store....
Keeping bitcoins safe is one of the most important responsibilities in the world of digital assets. As the price of bitcoin continues to climb, exchanges and wallet providers become more susceptible to theft. The best way to keep your bitcoins safe is storing them yourself offline in what’s called cold storage. Creating Cold Storage Using a Paper Wallet.....
Popular bitcoin wallet provider Blockchain.info revealed via Twitter that Travis Wright, a 16-year-old and bitcoin entrepreneur from Duluth, Minnesota, has been named the grand prize winner of a contest to commemorate its 1 millionth user. Blockchain.info announced the milestone on 7th January via its official blog, just two months after the wallet service passed 500,000 downloads. The service has seen more than 800% growth year-over-year: it had just over 110,000 registered users as of January 2013. The company told CoinDesk it received 13,192 entries to the contest, which was open to....