Programmer has two password guesses left before losing $266M in Bitcoin

The perils of inaccessible digital wealth — potentially lost forever — are being all the more keenly felt during the 2021 bull market. A German-born programmer in San Francisco has now used up eight of 10 password attempts he has to unlock the hard drive containing the private keys to his Bitcoin wallet, which contains 7,002 Bitcoin (BTC).

Bitcoin Wallet Firm Ledger Discovers Full Extent of Hack

Ledger plans to update its data privacy policies as a result of the massive data breach.

Two Wrong Guesses And This Programmer Loses USD 241M in Bitcoin

It sounds like every bitcoiner’s worst nightmare: A wallet stuffed with thousands of BTC…but with no keys to open it. The nightmare has become a reality for an American computer programmer who per the New York Times and the Guardian has been left with just two attempts to enter a correct password on his bitcoin wallet – before he is locked out of it for good. The

Bitcoiner loses almost $100K of BTC in wallet transfer bungle

The Redditor attempted to transfer a wallet to a new computer without confirming the password to the private keys was accessible.

The Reported Number of Stolen BTC Drops by 92% as ‘Bitcoin Security Appears to Be Improving’

The number of stolen bitcoins that were publicly reported in 2020 dropped to 4,472 coins or 0.02% of the digital asset’s circulating supply.

Blockstream Debuts Open-source Hardware Bitcoin Wallet

The Vancouver, Canada-based major blockchain firm Blockstream said it has launched an open-source, battery-powered hardware wallet for storing bitcoin (BTC) and digital assets issued on the Liquid Network, including tokens like the stablecoin tether (USDT). The wallet is named Blockstream Jade. Fronted by British Bitcoin OG Adam Back, a man some internet theorists

File comments against new crypto FinCEN rule, Coin Center leader urges

The crypto space needs your help to impact the outcome of the United States’ Treasury’s crypto wallet proposal.

Ledger data leak: A ‘simple mistake’ exposed 270K crypto wallet buyers

Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. The hacker likely responsible for Ledger’s security breach in July recently dumped a large amount of data exposing the personal information of over 270,000 customers, including phone numbers and physical addresses.

South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins

South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam.

It's here: Treasury proposes rule to monitor crypto going to self-hosted wallets

Many have called the long-rumored rules an existential threat to peer-to-peer transactions. The Treasury has released its long-awaited proposal to restrict money services businesses, including US-registered crypto exchanges, from dealing with self-hosted wallets. In a Friday evening announcement, the Treasury's Financial Crimes Enforcement Network, or FinCEN, announced proposed rules requiring registered crypto exchanges to verify the "identity of their customers, if a counterparty uses an unhosted or otherwise covered wallet and the transaction is greater than $3,000."  The rule is currently just a proposal.

US Senator-elect rails against potential crypto wallet ruling

Rumored upcoming crypto wallet regulation gains further opposition, this time from Cynthia Lummis, a recently elected Wyoming senator.

Millionaire Bitcoin addresses go parabolic as BTC price crosses $20K

Early BTC miners with the foresight to hodl have now become millionaires. Bitcoin’s (BTC) parabolic run has turned early miners into millionaires at a pace rarely seen before.

Bitcoin smashes historical high above $20k. Here's why it's different from 2017

The 2020 rally differs markedly from the retail-driven FOMO of 2017.

Banca Generali Buys $14 Million Stake in Bitcoin Wallet Conio

The wallet serves over 150,000 cryptocurrency portfolios for Italian customers and lets its users buy, sell, and transfer Bitcoin.

How to create a Bitcoin wallet

A bitcoin wallet is like a safe that keeps your Bitcoin just like the traditional fiat currency and a bank account, making it compulsory for every individual looking to invest in Bitcoin to know how t The post How to create a Bitcoin wallet appeared first on AMBCrypto.

‘Bypass’ Attack in Coldcard Bitcoin Wallet Could Trick Users Into Sending Incorrect Funds

Bitcoin hardware wallet Coldcard is fixing a flaw that could trick users into sending bitcoin on the mainnet when they meant to use its testnet.

Dutch Bitcoin firm reluctantly tightens rules at central bank's behest

Unique in Europe, the Dutch central bank now requires Bitcoin exchanges to prove that their users actually control their withdrawal addresses. Bitconic, a Netherlands-based Bitcoin (BTC) exchange, has informed its users that they now need to comply with a new verification measure in order to continue to use their services.

Simple steps to keep your crypto safe

“Being your own bank” doesn't have to be hard — here's a few hints on how to do it right As the cryptocurrency market is in the midst of a major bull run with Bitcoin (BTC) approaching its all-time highs, the security concerns of cryptocurrency self-storage are becoming more relevant than ever. On Nov.

A Look at ‘Individual X’ and the Seized Stash of Silk Road Bitcoins Worth $1 Billion

On November 3, 2020, the cryptocurrency community noticed that one of the largest addresses holding 69,369 bitcoins from the Silk Road were transferred.

Wasabi Bitcoin Wallet Announces Version 2.0 With More Privacy

Wasabi Wallet is already designed to keep transactions private.

Another Bitcoin Firm Turns Its Back on Venezuela

Bitcoin wallet provider Xapo is about to launch a digital banking platform, and this is bad news for its users in Venezuela.

Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform

Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform.

Square Crypto Grant Wants to Help Take Bitcoin Mainstream

Square’s latest grant will help a developer design a Bitcoin wallet that is easy-to-use for crypto newbies.

AWOL Founder Controls Single-sig OKEx Bitcoin Wallet: Report

OKEx founder Xu Mingxing was led away by Chinese police several weeks ago.

Retail Investment in Bitcoin Soars to a New All-Time High

According to data gleaned from Glassnode, the number of bitcoin wallet addresses (holding $10, $100, $1000 worth of BTC) is at an all-time high of 31 million.

Bitcoin soars to $12.9K as PayPal proves crypto is ready for everyone

Further gains in Wednesday trading come as mixed reactions flow in over PayPal’s decision to support four cryptocurrencies in 2021. Bitcoin (BTC) hit highs of $12,865 during trading on Oct.

Number of Bitcoin wallets holding over 100 BTC tests 6-month high

Wallets once again appear to be accumulating cryptocurrency at an increasing rate. More than 16,159 Bitcoin wallets now hold 100+ BTC according to analytics data provider, Glassnode.

Luno Exchange Launches Interest-Earning Bitcoin Wallet

Users of Luno's new bitcoin "savings wallet" can earn up to 4% interest per year, the exchange said.

Trezor claims new “phishing proof” desktop wallet

The desktop app reportedly provides “more robust protection” than Trezor’s browser-based wallet.

Trezor Bitcoin Wallet Users Get a Desktop App

Trezor users can now manage their cryptocurrencies on desktop using Trezor Suite.

Brainwallets: The Bitcoin Wallet You Probably Shouldn’t Use (Unless You Have To)

A “brainwallet” refers to a private key that is stored in the user’s memory in the form of a seed phrase or a passphrase.

Crypto Exchange Builds Bitcoin Wallet with Fingerprint Recognition

Gate.io's new crypto wallet features a fingerprint scanner to ensure the security and safety of client funds.

Bitcoin Wallet Exploit Has Caused $25 Million Stolen to Date

Recent attacks are part of a larger-scale crime campaign that takes advantage of a loophole in older Electrum software versions.

New Bitcoin addresses hit two-year high after China advertises crypto

Data shows 22,000 new entities created in a single day as one analyst suggests the added volume will translate to price gains.

Hackers Have Been Trying To Crack Bitcoin Wallet Worth $750 Million But Here’s The Catch

Hackers have been trying to decrypt an encrypted Bitcoin wallet containing 69,370 BTC and also trading it on forums and underground marketplaces in hopes of netting more than $750 million.

New Bitcoin Wallet Abruptly Receives $195,000,000 in BTC – Here’s Where the Crypto Is Coming From

A mysterious Bitcoin wallet just received $195 million worth of Bitcoin (BTC) out of the blue.

The $700 Million Wallet Crack: Bitcoin’s 7th Largest Address Is Under Constant Attack

During the last two years, hackers have been trying to crack the seventh-largest bitcoin wallet, an address that holds 69,370 BTC or $712 million using today’s exchange rate.

Hackers Set Sights on Over USD 700m Bitcoin Wallet That Might Also Be Empty

Source: Adobe/wsf-f Hackers from across the globe have stepped up their efforts to break into a bitcoin (BTC) wallet that is thought to hold more than USD 700 million worth of crypto. The wallet could be the seventh most valuable in the world and holds BTC 69,370 (USD 714m), per BitInfoCharts data.

The $690 Million Bitcoin Wallet That Hackers Are Trying to Crack

Hackers are trying their luck on a big Bitcoin wallet that’s exceptionally hard to crack.

$715,000,000 Bitcoin (BTC) Wallet Up For Grabs Among Crypto Sleuths

A Bitcoin wallet said to be holding more than $715 million worth of BTC is being passed around a community of opportunistic hackers.

No, a quantum computer won't instantly reward you with 69,000 Bitcoins ... yet

The latest quantum computer may not help unlock lost Bitcoin — at least, not yet. A Bitcoin wallet with nearly $700 million is up for grabs — but anyone intending to be a “crypto thief” and nab it will have to crack the password first. Crypto Twitter user Alon Gal has put out a call to his 29,900 followers for solutions on how to gain access to 69370.22 Bitcoin (BTC), worth roughly $695.4 million as of this writing.

Electrum Bitcoin wallet still plagued by known crypto phishing attack

Two new Bitcoin hacks have surfaced recently, showing the Electrum wallet still appears to be troubled by phishing efforts.

10th Largest Bitcoin Wallet in Existence Moves 60,000 BTC Worth $641,000,000

Crypto traders have their eyes peeled on a massive Bitcoin transaction involving one of the biggest wallets in the industry.

Yellow Card CEO reminisces about losing his life savings on LocalBitcoins

Early mistakes can mean big losses. In his college-aged days, Chris Maurice, the CEO of African crypto exchange Yellow Card, said he put his life savings into Bitcoin (BTC), finding it stolen shortly after.  "Bitcoin was about $200 at the time, and I decided basically I was just going to dump my entire savings account into into it," Maurice told Cointelegraph in an interview.

Another Electrum user is claiming that their coins were stolen

More details emerge concerning the ongoing Electrum hacks.

Tesla Foils Ransomware Attack After Employee Rejects Bitcoin Bribe Worth $1 Million

Tesla’s Elon Musk has said the company recently foiled attempts to infect its computer network with malicious software, after an employee cooperated with the FBI in an investigation.

$140,000 of North Korean Bitcoin Targeted by DoJ Starts Moving

A Bitcoin wallet allegedly used by North Korean hackers to launder money just transferred 12 BTC, apparently from crypto exchange Huobi.

Hackers Nab $16 Million In BTC Through Bitcoin Wallet Exploit

A long-time holder was unfortunately taken for their 1,400 BTC – over $16 million worth of Bitcoin – in a wallet exploit.

Expert weighs in on Wasabi’s response to wallet security issues

Mario Havel of Paralelni Polis has sided with Samourai. Although the privacy-focused Bitcoin (BTC) wallet Wasabi Wallet recently dismissed allegations that its anonymity features may be compromised, a third-party expert disagrees. In an August 19 blog post, Wasabi competitor Samourai claimed to have “discovered two potential privacy vulnerabilities in the Wasabi Wallet software.” Per the announcement, the company also found numerous issues with the anonymity of Wasabi Wallet’s CoinJoin Bitcoin mixer. Mário Havel, co-founder of crypto-and-privacy non-profit Paralelni Polis, said that Samourai’s allegations seem credible and can be verified in Wasabi’s code.

Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US

Nigeria’s weakening naira currency, as well as the shortage of US dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions.

Crypto Behemoth Unloads Bitcoin Wallet, Moving $165,800,000 in BTC for Just $1.62 in Fees

A huge Bitcoin holder just moved $165.8 million worth of BTC in a single transaction.

SpaceChain signs Bitcoin multisig transaction in space

SpaceChain’s Bitcoin wallet signed a multi-signature transaction on the International Space Station.

Bitcoin wallet Wasabi says its safe against massive Tor exploit

Wasabi relies on the Tor onion network.

Things you should know about the bitcoin wallet

A bitcoin wallet is a wallet that plays an important role in keeping the money safely at you.

Someone Transferred a Billion Dollars in Bitcoin for Less Than $5

An unknown Bitcoin wallet paid a mere $4 to transfer over $1 billion. According to information provided by the crypto Twitter account, Whale Alert, 92,857 BTC ($1,092,603,640) were sent from an unknown wallet for a fee just of $4 at current market rates. Although the Bitcoin network is well known for its generally low transaction fees, the cost-per-transaction has increased by over 500% in the last month. Bitcoin Block Bot, another whale alert-style Twitter account, reported on June 27 that a 101,857 BTC transaction had moved 0.5% of all Bitcoin currently in circulation, with a total transaction fee cost of around $0.48. Unknown information We do not know who sent these funds, nor do we know who the recipient was.

Here’s what Bitcoin wallet Ledger plans to do about its data hack

Ledger VP Benoit Pellevoizin joins us on The Decrypt Daily to discuss the firm's data breach and its plan to steer clear of such debacles in the future.

Bitcoin wallet Ledger’s database hacked for 1 million emails

Hardware wallet maker Ledger suffered a breach of one million customer emails and e-commerce documents in June.

Crypto Scammers Steal $381 Million in 2020, While Twitter Hackers Direct Funds to Mixers

Cryptocurrency related scams have taken a total of $381 million from victims so far this year.

Lightning Startup Zap Raises $3.5M From Investors Including Morgan Creek

Zap, the crypto wallet which allows users to purchase Bitcoin instantly via the Lightning Network, raised $3.5M in April, filings show. Zap, the Lightning startup behind a non-custodial Bitcoin wallet, has raised $3.5 million in a seed round in April. As reported by Forbes on July 15, previously undiscovered filings by the US Securities and Exchanges Commission revealed Zap raised $3.5 million in the April seed round with investors including Green Oaks Capital and Morgan Creek Digital, co-founded by Bitcoin bull Anthony “Pomp” Pompliano. What is Zap? A non-custodial wallet, Zap stands out from others by enabling users to instantly purchase Bitcoin (BTC) using a US bank account via the Lightning Network. Zap CEO Jack Mallers is the grandson of Bill Mallers, who helped found the Chicago Board of Exchange and the son of Bill Mallers Jr., who co-founded brokerage firm First American Discount Corporation.  Mallers has said Zap’s ultimate goal is make Bitcoin more accessible and “used for all that it has to offer by the masses.” “Our users today don't ever know we're using Bitcoin when they're using dollars.

Lightning Startup Zap Raised $3.5M for Bitcoin App Ahead of Visa Deal

The Lightning startup Zap Inc. just raised its first round to build out both mobile bitcoin wallet services and a Visa partnership in 2020.

Hidden Messages Found in Transactions to Twitter Hack Bitcoin Address

A user has hidden message in transactions to the Bitcoin wallet associated with the Twitter hack. Some of the largest and most influential Twitter accounts in the world were hacked earlier today to promote fake Bitcoin giveaways.

Bitcoin Wallet Electrum Now Supports Lightning, Watchtowers and Submarine Swaps

In its latest major release, Electrum now supports a number of innovations that could make using Lightning more secure and less bumpy for users.

BCH Backer Claims Bitcoin Wallet Double-Spend Issue Hasn’t Been Fixed

BRD, Ledger Live, and Edge are among the wallets vulnerable to a new double-spend exploit, but some believe the vulnerability is inherent to Bitcoin itself. On July 2, crypto security firm ZenGo identified a double-spend exploit targeting several popular Bitcoin (BTC) wallets, dubbed ‘BigSpender’ Of nine cryptocurrency wallets tested by ZenGo, BRD, Ledger Live, and Edge were found to have been vulnerable to the attack.

The most secretive Bitcoin wallet just moved nearly $1 billion

The biggest mystery Bitcoin wallet has just been emptied.

Crypto Whale Drains Enormous Bitcoin Wallet in $936,000,000 Transaction – Here’s Where the BTC is Heading

Crypto traders are tracking a breathtaking Bitcoin transaction from a high-rolling, anonymous whale.

Electrum wallet goes in beta with Bitcoin Lightning support

The Bitcoin wallet is among the first to support the experimental Bitcoin Lightning Network.

Developer Who Successfully Hacked Bitcoin Wallet Ensures Bitcoin Is Still Safe

John Cantrell ensures people that Bitcoin is still safe despite the fact he successfully hacked a Bitcoin wallet. John Cantrell, Bitcoin and Lightning Network project developer, recently revealed he had successfully hacked a Bitcoin address.