Buying a Tesla With Bitcoin Exposes This Flaw, Don’t Get Caught Out
In February, electric car maker Tesla announced it had purchased $1.5bn in Bitcoin. Along with the announcement was a commitment, they would also accept BTC as payment, making it the first car manufacturer to do so. The firm followed through with that pledge. As of yesterday, using Bitcoin to buy directly from Tesla became a […]
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How Tesla caught a lucky break.
Here is a reality check for all the Bitcoin naysayers, the most widely used conventional electronic payment system – credit/debit cards are not really as secure as we had earlier thought. A serious protocol level flaw exposed by a couple of German security experts bares it all. It is not just the security flaw one has to be concerned about, but also the banks’ apathy towards fixing it! A recent report carried by well-known Russian media channel, Russia Today describes the serious security flaw in POS terminals. According to Karsten Nohl, one of the security experts from the Berlin based....
A white-hat hacker has released a new tool designed to illustrate the ease with which illicit actors can steal bitcoins from brainwallets, a type of bitcoin wallet iteration where passwords are not stored digitally - but in the memory of the user. Originally conceived as a way to keep sensitive wallet data offline and make bitcoin addresses easier to remember, the brainwallet was partly undone due to how it interacts with the bitcoin blockchain. A brainwallet uses a single, long password or phrase, converts it to a private key, a public key and finally an address. Using an offline attack,....
Tesla and Spacex CEO Elon Musk has reaffirmed his commitment to dogecoin (DOGE). He confirms that he will keep buying and supporting the meme cryptocurrency. The price of dogecoin climbed following his statements amid a crypto market downturn.
Elon Musk Reaffirms Commitment to Dogecoin
Tesla CEO Elon Musk reaffirmed his support for the meme cryptocurrency dogecoin a few times this weekend. On Sunday, Musk tweeted that he will keep supporting DOGE. He also indicated that he will keep buying the meme coin.
On Saturday, the Tesla boss also mentioned DOGE on....
Tesla wasn’t the one to be left behind and disclosed a $1.5 billion Bitcoin purchase on February 8. The crypto buying splurge was made in a filing with the US Securities and Exchange Commission. The purchase, Tesla said, was part of its updated investment portfolio, which the company’s audit officials gave the thumbs up to. […]