How to backup your crypto wallet private keys
In the rapidly evolving world of cryptocurrencies, it is critical to secure one’s digital assets. A crucial element of crypto security is storing a backup of private keys. Private keys are the keys to one’s crypto kingdom, and losing them can cause an irreversible loss of money. This ...
Brazilian crypto streamer loses $50K by accidentally exposing private key
Brazilian cryptocurrency streamer Fraternidade Crypto is one of the latest victims of unsafe self-custody practices, reportedly losing thousands of dollars due to a private key accident.During a live stream on YouTube on Aug. 29, Fraternidade Crypto channel’s owner Ivan Bianco unwittingly& ...
BitGo Raises $100 Million in Funding, Valuation Reaches $1.75 Billion
The startup's valuation now stands at $1.75 billion. The company did not disclose investors in the latest round. Cryptocurrency custodial service BitGo was able to secure $100 million in investment in its latest funding round, Bloomberg reported. The firm did ...
RocketSwap Decentralized Exchange Hacked: Loss of 471 ETH and Emergence of LoveRCKT Token
The decentralized exchange RocketSwap, created on the basis of the Base layer network, was hacked and lost 471 ETH. The hacker who hacked into the exchange created a meme token called LoveRCKT. Cybersecurity experts PeckShieldAlert reported that the attacker managed to ...
BNB Beacon Chain to add ‘panic’ feature that can ‘halt’ blockchain
The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met.In a July 12 statement from BNB Chain, the “ZhangHeng&rdquo ...
Open source: Buzzword or real security for crypto wallets?
Last month, hardware crypto wallet manufacturer Ledger announced its “Ledger Recover” program designed to allow customers to back up their seed phrases to the cloud and link it with their real-world identity.The announcement was met with heavy pushback from the crypto community, as many sa ...
Atomic Wallet says hack affected 1% of active users, but investors claim otherwise
A hack that drained $35 million from Atomic Wallet users since June 2 impacted less than 1% of its monthly active users, according to the company. In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert ...
Ledger CEO Confirms Authorities Can Access Private Keys via New Firmware
The CEO of Ledger confirmed that because of the new firmware of Ledger Nano X hardware cryptocurrencies, authorities will be able to access private keys for the sake of investigations. Last week Ledger announced the launch of Ledger Recovery service to restore access to c ...
Entrepreneur Warns of Potential Government Seizure of Crypto Assets Amidst Financial Crisis
American entrepreneur and former top manager of cryptocurrency exchange Coinbase suggested that government agencies may try to take over cryptoinvestors' assets as the crisis unfolds. Balaji Srinivasan shared on Twitter his fear that as the global financial crisis deepens ...
Trust Wallet Adds New Feature to Convert Crypto Assets to Fiat Currency
The Trust Wallet team has just unveiled an exciting new feature for its cryptocurrency wallet application. Users can now directly convert their digital assets into fiat currency using the app. This new functionality has been made possible through the partnership between Trust Wallet and two cr ...