Tag Archives: Private Keys

Two Alleged Ethereum ‘Scam Forks’ Appropriating Users’ Private Keys, Report Finds

Altcoins Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV) are reportedly appropriating the private keys of users trying to redeem their allegedly forked coins. The suspected scam was covered in a report sent to Cointelegraph by the Guarda Wallet development team on Jan. 11. The official website of the Ethereum Nowa project — which doesn’t contain a white… Read More »

HitBTC Dismisses Allegations It Froze Accounts in Response to Proof of Keys Event

Cryptocurrency exchange HitBTC has rejected allegations by some of the industry’s best-known figures that it was deliberately freezing user accounts, the company told Cointelegraph in an email Jan. 3. Responding to a request for comment, Peter Swen, a representative from the exchange’s marketing team, denied any link between account freezes and Thursday’s ongoing Proof of Keys event. After… Read More »

Research Team Demonstrates Hard Wallets Vulnerabilities, Trezor Promises Firmware Update

Researchers have reportedly shown how they were able to hack the Trezor One, Ledger Nano S and Ledger Blue at the 35C3 Refreshing Memories conference. The demonstration of the hacks was published in a video on Dec. 27. The research team behind the dubbed “Wallet.fail” hacking project is made up of hardware designer and security researcher Dmitry Nedospasov,… Read More »

‘Proof Of Keys’ Wants You to Get Your Bitcoin Off Exchanges on January 3

Cryptocurrency investor and entrepreneur Trace Mayer plans to use the anniversary of the Bitcoin genesis block to make holders reclaim their private keys. Mayer To Bitcoin HODLers: Reclaim Sovereignty In a video introduction to the plan, which he dubbed ‘Proof of Keys,’ Mayer appealed to the Bitcoin community to remove all funds not under their direct control, specifically… Read More »

How to Recover Your Wallet if Your Private Keys Are Lost

Before the internet brought us dog videos and your grandmother’s Facebook updates, losing money was a traumatic experience. Dropping $20 meant you’d probably never see it again – all you’d have left is that unmistakable sensation of feeling stupid. At least in the fiat world, it’s become a little bit harder to lose money. Centralized institutions mean you… Read More »

Bank of America Wins Patent for Storing Clients’ Crypto Holdings in Enterprise Accounts

The Bank of America (BoA) has won a patent for a system for enterprises to store customers’ crypto deposits, published by the U.S. Patent and Trademark Office (USPTO) yesterday, Nov. 13. The patent, first filed in mid-June 2014, outlines the background to the invention by stating that “as technology advances, financial transactions involving cryptocurrency have become more common,”… Read More »

Bank Of America Adds Private Key Storage Filing to Stockpile of Blockchain Patents

Bank of America (BoA) has gained a further cryptocurrency-related patent, a filing confirmed Oct. 30, continuing its efforts to “be prepared” for the industry’s future growth. The latest award, which adds to the bank’s mounting stack of cryptocurrency and blockchain patents, references storage methods for private keys. Specifically, the filing reads, current opportunities for ensuring private keys remain… Read More »