The article you are about to read highlights the security of Bitcoin infrastructure and provides its in-depth analysis as compared to commonplace fiat currencies. The general perception of Bitcoin is that it is a highly secure decentralized type of currency bolstered by strong, military-grade cryptographic algorithms. Furthermore, the holder of “digital cash” doesn’t have to disclose any personally identifiable information when transacting, as opposed to providing a credit card number and security code in a regular payment scenario. It is also generally believed that although Bitcoin-related services have been breached a few times, threat actors never compromised the underlying protocol.Powered by WPeMatico
Removing the potential for a single point of failure, decentralizing gives way to three enduring principles upon which cryptocurrency rests: security, privacy, and censorship resistance. Perhaps the bitcoin community has deviated too far from these principles and, as a direct result, hacks, flash crashes, government raids and lawsuits against centralized exchanges might slow wider adoption […]
In the world of cybersecurity, the next threat is never too far away. Over the past few years, criminals have proven on multiple occasions that they can easily outsmart security researchers and experts. This has caused a lot of problems and damage already, yet it seems things may only get worse from here on out. A new banking Trojan is capable of getting past 75% of all antivirus software on the market today. More Banking Trojan Fun for Everyone If one trend in the world of cybercrime has upset people the most, it is the success of banking Trojans. As the name
Now that net neutrality is dead here in America, you may be left wondering: is there anything I can do to fight this? Well, there’s a pretty strong case to be made for virtual private networks (VPNs) in light of the news, and there’s an even stronger case to be made for decentralized web protocols that run on the blockchain. Both VPNs and crypto platforms like Substratum and Golem could allow people to circumvent the potential manipulation of data access that net neutrality’s repeal may invite. Bye Bye Neutrality If you haven’t heard the news yet, we hate to break it
The US government has announced it now officially considers North Korea to be behind the Wannacry bitcoin ransomware cyber attack which caused billions of dollars in damages earlier this year. Also Read: Thomson Reuters Adds Bitcoin Cash to Eikon Platform Wannacry Writing in the Wall Street Journal, The US President’s Homeland Security Advisor Thomas P. […]
South Korean cryptocurrency exchange Youbit has revealed plans to file for bankruptcy. The decision to close operations follows announcements that the exchange was hacked for the second time this year. Also Read: More Firms Entering the Bitcoin Market See Stocks Soar Second Accident in a Year Youbit announced on its website on Tuesday that it […]
If the safety of your bitcoins is keeping you awake at night, perhaps it’s time you considered a more secure solution. Exchanges can be hacked, smartphones can die, and hardware wallets can be lost. For the ultra-paranoid, there’s only one storage option that’s impregnable to all known attack vectors – the brainwallet. If you get […]