Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen

General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators to temporarily shut down. The hacker was able […]

Go to Source

Powered by WPeMatico

British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes

British Security Think Tank's Report Warns NFTs Could Bolster Money Laundering SchemesThe Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your customer’ monitoring system “needs to be implemented.” RUSI: ‘NFT Technology Can Raise […]

Go to Source

Powered by WPeMatico

Buda Exchange Starts Requesting Selfie Verification for Withdrawals to New Bitcoin Addresses

Buda Exchange Starts Requesting Selfie Verification for Withdrawals to New Bitcoin AddressesBuda, a Chile-based cryptocurrency exchange, has started requesting selfie verification every time a user needs to withdraw funds to a new bitcoin address. This new measure now introduces a new layer of security for users to avoid getting their accounts hacked, but it will only be mandatory for those that don’t have 2FA activated. Buda […]

Go to Source

Powered by WPeMatico

How to Use a U2F Key to Secure Your Crypto Accounts

How to Use a U2F Key to Secure Your Crypto AccountsUniversal 2nd Factor (U2F) is an open standard for strengthening two-factor authentication. It involves the use of a physical key to reinforce 2FA, hardening your online accounts from attack. In this guide, we’ll explain how to use a Yubikey to lock down your exchange account, email account, and other valuable online accounts. Also read: German […]

The post How to Use a U2F Key to Secure Your Crypto Accounts appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

PR: Pbet Announces IEO Launch on LATOKEN

PR: Pbet Announces IEO Launch on LATOKENPbet has recently got its IEO hosted at LATOKEN exchange on its multi-asset trading platform. The company envisions to conjoin physical casinos with online casinos, thanks to its blockchain crypto-based Unified Gaming platform.

The post PR: Pbet Announces IEO Launch on LATOKEN appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

How to Use a Physical Security Key to Safeguard Your Exchange Account

If you are keeping funds on a cryptocurrency platform such as a centralized exchange it is highly advisable you make sure your accounts are as safe as possible. Using a physical security key can greatly help with this as well as safeguarding other private services such as email and cloud storage. Also Read: Israeli Supreme […]

The post How to Use a Physical Security Key to Safeguard Your Exchange Account appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Double Down Your Bitcoin Security by Utilizing 2FA Services

After obtaining your first bitcoins on an exchange, you’ll want to keep them safe, even if the funds are only sitting there temporarily. One way to keep your crypto secure online is by using two-factor authentication (2FA). Security is of utmost importance when it comes to storing cryptocurrency in an online wallet and 2FA adds another layer […]

The post Double Down Your Bitcoin Security by Utilizing 2FA Services appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico