Security

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Retirement Custodian Bitira Offers Insured Multi-Cryptocurrency IRAs

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The cryptocurrency retirement account firm Bitira has announced the launch of two new features added to its business model, which includes fully-insured cold storage accounts and a variety of new cryptocurrencies such as bitcoin cash, ethereum, and more. Also Read: Japan’s SBI Holdings Claims 40% Stake in Hardware Wallet Company Digital Asset Retirement Funds Bitira is … Read more

Japan’s SBI Holdings Claims 40% Stake in Hardware Wallet Company

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This week the Japanese financial services management group SBI Holdings has announced that it has acquired 40 percent of the Taiwanese digital currency hardware wallet startup Coolbitx. Over the past few months, SBI has been entrenched within the virtual currency industry as the bank plans to incorporate multiple types of cryptocurrency business models.    Also … Read more

High-Frequency Trading Firm Virtu Threatens Legal Action Against Virtcoin

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HFT giant Virtu has been the target of an apparent clone scam, using its likeness to attract possible investors. The company is threatening legal action and has already approached the authorities about the matter. The promotional matrial for the “coin” in question, Virt, is so bizarre it almost looks like a parody of the current … Read more

Jameson Lopp Leaves Bitgo to Launch Casa Wallet for the Crypto Rich

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Bitgo engineer Jameson Lopp is a Bitgo employee no more. The developer, who is one of the best known figures in bitcoin, has been coaxed away to Casa, a startup seeking to create a secure wallet for the crypto rich. With annual maintenance fees running into five figures, the service is for hodlers with deep … Read more

New ‘Hack-Proof’ Security-Centric Phone Features Built-In Bitcoin Wallet

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Mobile cybersecurity firm Sikur has unveiled “the first fully encrypted, hack-proof smartphone that can safely store cryptocurrencies.” The phone’s hardware and software were built from the ground up with a dedicated bitcoin wallet and a custom app store for high-security apps. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten ‘First Fully Encrypted, Hack-Proof … Read more

North Korea Obtained 11,000 bitcoins in 2017, Expert Says

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North Korea may have made over $200 million USD from cryptocurrency transactions last year, according to a former NSA official. DPRK is believed to have obtained at least 11,000 bitcoins through mining or hacking in 2017. Pyongyang continues to exploit the benefits of using cryptos and the cyber security weaknesses of its adversaries, recent reports … Read more

$9 Million a Day Is Lost in Cryptocurrency Scams

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In the time it takes you to read this sentence, $850 will have been lost to cryptocurrency scams. In the time it takes to complete this article, that figure will have risen to $17,000. Phishing; fraud; theft; hacking; it’s all rife. In the first two months of 2018, there were 22 separate scams involving thefts … Read more

Bitcoin Wallet and Jaxx Blockchain Wallet Contain Major Security Flaws

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Cryptocurrency wallets have always presented a mix of convenience and potential security issues. For the most part, the top cryptocurrency wallets do not suffer from any major vulnerabilities. In the case of Jaxx and Bitcoin.com’s Bitcoin Wallet, things are very different. Cheetah Mobile Blockchain Research Lab recently highlighted some major security flaws affecting both of these wallets. … Read more

Over 100 Firms Seek Licenses to Operate Cryptocurrency Exchanges in Japan

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There are over 100 companies reportedly waiting for the Japanese Financial Services Agency to approve their registrations to operate cryptocurrency exchanges. While only 16 exchanges are fully licensed in Japan, the agency has allowed another 16 to operate without a license for the time being. However, going forward, only those with sufficient safety and customer … Read more

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