WHY CRYPTO WALLETS NEED PROTECTION By BlockSafe

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WHY CRYPTO WALLETS NEED PROTECTION By BlockSafe Technologies:


QUOTE: “It just goes to show that bitcoin is a really valuable asset and when you have valuable assets, people are going to try to steal them,” said Mr. Hayes, who predicts bitcoin could hit $50,000 by the end of next year. “So it’s important to be prudent and protect it the best you can.”


Hackers Steal More Than $70 Million in Bitcoin - WSJ
https://www.wsj.com/articles/millions-may-be-...1512625176
Dec 7, 2017 - Andrej P. Škraba, head of marketing at NiceHash, said to The Wall Street Journal that approximately 4,700 bitcoin had been stolen from a bitcoin wallet, an online account that stores the digital currency. Bitcoin wallets , like other online bank accounts, have been targets of hackers in the past . “It was a ...


Japan's Cryptocurrency Whiz Kid Faces $530 Million Reckoning - WSJ
https://www.wsj.com/.../japan-regulators-orde...k-hack-1...
Jan 29, 2018 - On Friday, Coincheck said it lost some $530 million worth of customers' assets in a cryptocurrency called NEM after getting hacked, in what could turn out to be ... Among other things, Coincheck kept the customers' NEM in “ hot wallets ,” meaning the accounts were connected to the internet and more easily ...


Cryptocurrency Worth $170 Million Missing From Italian Exchange - WSJ
https://www.wsj.com/.../cryptocurrency-worth-...n-exchan...
Feb 10, 2018 - He also referenced “unfounded allegations” being made against him. It was the second large hack of a cryptocurrency exchange this year. In January, Tokyo-based Coincheck reported that hackers vaulted its security measures and stole about $530 million worth of customer assets. The firm said it would ...

Cryptocurrency Exchange Collapses, Files for Bankruptcy After ...
https://www.wsj.com/.../cryptocurrency-exchan...after-se...
Dec 19, 2017 - After Youbit's April cyberattack, which resulted in bigger losses than the latest hack, the exchange's operator said it boosted security measures by storing more digital coins in hard wallets that effectively keep the currency offline, as opposed to online exchange accounts. It also made repairs to its system, but ...

Good News! You Are a Bitcoin Millionaire. Bad News! You Forgot Your ...
https://www.wsj.com/.../good-news-you-are-a-b...-forgot-...
Dec 19, 2017 - Some people go analog to avoid the possibility of being hacked. Brian Goss, a radiologist in Arizona, stores his keys on a PIN-protected hardware device. He also keeps a 24-word recovery phrase and an extra password in two separate “Cryptosteels”—miniature metal contraptions with stamped tiles, like ...

New North Korea Hack: Hijacking Computers to Power Cryptocurrency ...
https://www.wsj.com/.../in-north-korea-hacker...15154200...
Jan 8, 2018 - Malware that mines a cryptocurrency known as Monero and routes the bounty to a North Korean university shows how hackers are targeting new assets as sanctions force Pyongyang to pursue alternative income streams.
Missing: wallets

North Korea Is Suspected in Bitcoin Heist - WSJ
https://www.wsj.com/articles/north-korea-is-s...1513790899
Dec 20, 2017 - SEOUL—Investigators in South Korea are looking into North Korea's possible involvement in a heist from a bitcoin exchange that collapsed here on Tuesday, according to people familiar with the situation, as the sanctions-choked regime develops new ways to raise money. The investigation into the hack of ...

Bitcoin and the Digital-Currency Revolution - WSJ
www.wsj.com/articles/the-revolutionary-power-of-digital-currency-1422035061
Jan 23, 2015 - This volunteer army has developed military-grade encryption to make bitcoin wallets more secure and insurable and also new trading tools to help .... Already, hundreds of specialized apps are being built on top of the digital-currency blockchain software, which is seen in this context as a kind of base ...

Cody Wilson Rattled Lawmakers With Plastic Gun, Now on to Bitcoin ...
https://www.wsj.com/.../tech-renegade-from-pr...urrency-...
Dec 31, 2013 - Dark Wallet is a no-frills, low-budget push led by Mr. Wilson to make bitcoin the electronic-commerce equivalent of a Swiss bank account. Attached to a ... In November, federal prosecutors filed criminal charges against Mr. Ulbricht that include conspiracy to traffic in narcotics and hack computers. His lawyer ...


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