Español Русский Today we’re going to talk about Ethereum wallets – those pieces of software, or hardware, that allow us to interact with the Ethereum network. Here’s what we’ll go over: Introduction Accounts and addresses Sending Ether Types of wallets MyEtherWallet Hardware Wallets MetaMask Exodus Jaxx MyETHAddress – Paper Wallet Units of Ether Ethereum Gas […]
This week Bitcoin.com reached a milestone of a whopping 2.5 million Bitcoin.com Wallets created in less than a year. Since we started our web portal we’ve focused on providing people with world-class resources that fit every bitcoiner’s needs and our simple-to-use wallet is no different.
Chinese cybersecurity firm Qihoo 360 Netlab discovered that hackers have been targeting Ethereum wallets configured with open port 8545, with one attacker pillaging over US$ 20 million from various victims.
The attack vector used by the perpetrators exists as a feature of most Ethereum wallets in which the software has been configured to expose the RPC (Remote Procedure Call) interface on port 8548. This feature is incredibly useful for network administrators, allowing them to request services from clusters of machines without having to understand the details of the network.
Since the turn of the year, the price of bitcoin has been battered with investors left to lick their wounds. Behind the scenes though, the development of Bitcoin has continued to defy market movements with the continuous development of the Lightning Network (LN), which has led to the creation of several bitcoin LN wallets.
The Lightning Network ushered in the promise of easing network congestion by moving on-chain transactions to the second-layer protocol.
Here are some of the mobile wallets currently in development.
Buying bitcoin is about get a whole lot easier for a whole lot of people – particularly in China.
Did Somebody Say ‘Mass Adoption?’
Bitcoin is set to continue down the path towards mainstream adoption thanks, in no small part, to mobile phone giant Huawei Technologies Co. On Friday, the third largest mobile handset maker in the world will begin affording their users the ability to download Bitcoin wallets on their devices.
The announcement comes from BTC.com’s vice president of business operations, Alejandro de la Torre, as the BTC.com wallet is slated to become the first cryptocurrency app offered by Huawei’s AppGallery. Explained de la Torre in a phone interview with Bloomberg:
In a time when we’re bombarded with the supposed evils of Bitcoin (right, Mr. Baby Brains Munger?) on a seemingly daily basis, it’s refreshing to see crypto take the spotlight for a worthy cause.
According to Bloomberg, this is exactly what happened at a San Francisco fundraising gala held on the 3rd of May. The event was held to raise money to combat poverty in the Bay Area and was planned by the Tipping Point Community non-profit organization (NPO).
Raising more than $ 14 million is definitely worth celebrating, as is the fact that this is the first time that the NPO allowed pledge drive donations to be made in cryptocurrencies. Contributors were able to donate using Bitcoin, Ethereum, or Ripple.
Cryptocurrency loss, whether through accidents or the more common use of hacking, has become increasingly prevalent in the current cryptocurrency climate. Case in point is a Swiss man who has tripled the reward he is offering for the return of two cryptocurrency wallets he lost.
Early last month, it was reported that two hardware wallets with over $ 800,000 worth of cryptocurrencies had been lost in an unfortunate accident.
— The Local Switzerland (@TheLocalSwitzer) May 4, 2018
Paper wallets have always been considered to be a great solution for offline cryptocurrency storage. They are convenient and can be prepared in a few minutes. For some reason, people are still actively selling – and buying – pre-generated paper wallets on platforms such as eBay. It is evident this is a disaster waiting to happen.
Never Buy a Pre-Generated Paper Wallet
In theory, there is nothing wrong with letting someone else create a paper wallet on one’s behalf. It is a pretty transparent process, yet it also involves a lot of risks. Given how the wallet’s private and public keys are clearly visible during this process, nothing prevents the person generating this wallet from storing a copy of this information. At some point, users of these pre-generated wallets may find their balances missing as a result.
Ledger hardware wallets, once considered one of the safer methods to store cryptocurrency, have been reported to be vulnerable to “man in the middle” attacks.
A team of unknown security researchers exposed a vulnerability that allegedly involves all Ledger hardware wallets. The discovery of the issue is said to have affected over one million users and has made it evident that the devices are not a foolproof method of storing crypto.
The newfound threat allows cybercriminals to show fraudulent addresses to ledger users/ customers in order to drain the user’s wallet and transfer the contents into their own wallet.
Bitcoin investment platform Abra has announced that its users can now store cryptocurrency and fiat simultaneously.
CEO Hails Non-Custodial Wallet ‘Industry First’
CEO Bill Barhydt revealed the latest feature on Twitter today, in what he described as an “industry first for a non-custodial wallet.”
Abra customers now have access to three wallets for Bitcoin, Ethereum, and fiat respectively, with instant conversions between them also available, Barhydt added.
BREAKING NEWS: Abra now supports three wallets allowing you to hold Bitcoin, Ethereum and Fiat simultaneously. Instant exchanges between bitcoin, ether and fiat are also now live for everyone.