Proof Of Keys: A Critical Test For Bitcoin
Proof of Keys day was initially created as a test for exchanges and other third-party custodians — a way for individuals to ensure that third parties holding bitcoin weren’t operating as a fractional reserve. Let’s face it: It’s likely that many third-party bitcoin custodians are doing just that, and Proof of Keys day is unlikely to change anything. It’s time for this Bitcoin holiday to grow beyond an adversarial test for exchanges. It’s time to evolve this day into an educational celebration of private keys, where we help Bitcoiners both new and old understand the importance of self....
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Celebrate this Proof Of Keys Day by considering the future of Bitcoin security: quantum resistance.
The crypto economy is on the cutting edge of both finance and technology, which means that you need to be ever vigilant in protecting your digital assets. A critical component of doing so is using a hardware wallet from a company you can trust, like Ledger, to securely store your private keys. Not Your Keys, Not Your Coins Anyone who has been following the cryptocurrency industry even a little bit has heard way too many stories about exchanges getting hacked, or simply disappearing overnight, leaving investors without any of the assets they thought they owned. This can happen because when....
There were fears that Ethereum 2.0 (ETH2 or Serenity) was going to be delayed once again. Danny Ryan, an Ethereum Foundation researcher, said in a podcast in the middle of October: “This library is critical to creating keys, signing messages. Critical, in early phases, [means] that if you use this library, they need to be […]
Users storing bitcoin with hardware from a leading data protection company have been urged to update their devices or risk losing funds. In a company blog post on Friday, Gemini CSO Cem Paya released details of a vulnerability he encountered that allows attackers to brute-force secret keys from SafeNet's brand of hardware security modules, or 'HSMs'. These tamper-proof, specialist devices are used to safeguard all manner of cryptographic keys for the likes of governments, banks and payment companies. They've been hailed as the 'next step' for bitcoin security. While testing the SafeNet....
San Francisco-based Coinbase announced improved security with new API keys on Friday. A good number of users of Coinbase's services have previously experiencing issues with API keys, particularly theft of their funds - so the news is much-awaiting by those in the community. For starters, the company says users will now have access to multiple API keys, with separate permissions (including IP whitelisting). This means that no longer will users have to share one key between applications (especially if it had global permissions enabled, which increased the risk of something bad happening). In....