Hardware Bitcoin Wallets Not Vulnerable to Spectre Attack, Funds Safe Two of the most popular hardware wallets for Bitcoin and other cryptocurrencies, Ledger and Trezor, were found to still be secure against newly-discovered vulnerabilities on CPUs. In addition, the hardware cryptocurrency wallets are safe against Spectre attacks as well. This is a promising finding that shows, now more than ever, the importance of having hardware Bitcoin wallets to keep your funds safe while using cryptocurrency. Cryptocurrency Hardware Wallets Safe Against Spectre and Meltdown According to Chief Technical Officer Pavol Rusnak of Satoshi Labs, the reason that Trezor, in particular, is…
Author: Zach
Kraken Bitcoin Exchange Goes Down for 40 Hours–Another Mt. Gox? Cryptocurrency investing continues to make major headlines as digital tokens like Bitcoin and Ripple surge in price. Some investors are proceeding with caution, however, in the wake of problems for one of the most popular cryptocurrency exchanges. The Kraken exchange platform recently went down for almost 40 hours, reminding investors of the vulnerability of untrusted exchanges. The Pitfalls of Bitcoin Security One of the strong selling points of Bitcoin and other cryptocurrencies is security. The truth is that Bitcoin has faced numerous security threats since it was introduced in 2009.…
It seems as though the euphoric state of everyone rushing in to get some bitcoin has come to a screeching halt. The price recently dropped from 20k all the way down to 11k on some exchanges. As a result, there were multiple high volume exchanges that were shut down or unable to perform basic functions like buy and sell due to the high volume of traffic of people trying to panic sell. This type of event is the EXACT reason why being your own bank is so important. When you leave money on an exchange, they write the rules on…
I have been spending a great deal of time helping people understand how the bitcoin protocol and blockchain protocol work and why it was brought into existence. There is a lot of FOMO (fear of missing out) going around and the first thing people do is panic when they see $2,000-$3,000 price swings in bitcoin as of late and their emotions get the best of them. It happens to everyone. It helped me realize that most people unfortunately have no idea what they have bought and how normal market cycles work. It is no different from the traditional Wall Street…
We are officially in uncharted territory now with bitcoin hitting an all-time high of over $19,000 as of earlier today. I remember when I first got into bitcoin and people were saying it would never go above $5,000. At any rate, most people are hearing about bitcoin from either word of mouth, family who have already invested, or various news outlets. This is an unprecedented time as BTC has never been this high and currently, there is no end in sight. Some of you may be wondering “Now that I have bitcoin, what do I do with it?”. Well, you…
New blog coming soon.