A survey posted to Reddit shows that most crypto holders store the majority of their Bitcoin in hardware wallets and keep a backup of the private keys on a sheet of paper. Reddit user gunnaj — real name Gunnar Lindqvist — posted the results of the survey as part of his thesis to Reddit on April 30. The undergraduate student at the The University of Skövde in Sweden asked 339 people five questions related to Bitcoin (BTC) security, focusing on how crypto holders handle their private keys. When participants were asked where they stored the majority of their BTC, nearly …

Europe has been running a legislative framework for electronic signatures and digital identities since 1999. In 2014, the European Parliament introduced a significant upgrade by presenting electronic identification and trust services for electronic transactions in the internal market, or eIDAS, regulation. In light of recent initiatives in Australia to improve legislation for doing business remotely, this experience is valuable because the European community was among the first in the world to introduce electronic signatures, and it developed a unique legal and technological framework that many other countries borrowed. Though the experience is full of pitfalls and drawbacks, which are also …

Saga Monetary Technologies’ SGA stablecoin is now compatible with keyless wallet ZenGo, thanks to a recent partnership between the two companies. “ZenGo provides guaranteed access, meaning that even if we stop operating, user funds will remain 100% available for the users to move them anywhere they wish,” ZenGo CEO Ouriel Ohayon explained to Cointelegraph about the keyless wallet. Users can now hold their SGA tokens in ZenGo’s wallet, Saga said in a March 19 statement. ZenGo’s wallet does not employ private keys. ZenGo’s main wallet will now hold SGA compatibility, a representative confirmed to Cointelegraph. The collaboration has an approach …

Major cryptocurrency hardware wallet supplier Ledger has warned its users about another phishing attack trying to steal their crypto — this one using a Google Chrome extension. In a March 5 tweet, the French crypto company specified that there is a fake extension on Google Chrome browser that attempts to steal users’ crypto by asking them to enter their 24-word recovery phrase to access their wallet. Ledger Live gets removed from the Chrome Web Store The phishing attack was reported by Catalin Cimpanu, a cybersecurity reporter at business technology news website ZDNet on March 4. According to Cimpanu, the malicious …

Dubliner Clifton Collins, who was recently imprisoned for drug trafficking, claims that robbers took the keys to the $56 million in Bitcoin (BTC) Irish High Court had ruled should be confiscated. After obtaining more than 6,000 BTC by 2017, Collins decided to insure himself against hackers by distributing the cryptocurrency across 12 newly created accounts. Thus, he transferred 500 BTC into each of them, the Irish Times reported on Feb. 21. As of press time, that would leave each wallet worth roughly $4.87 million. A punishment for his own stupidity? Collins then printed out the keys for all of his …

A new web app, called “Shhgit”, will scan the web-based GitHub code repository and search for sensitive secrets, such as private crypto keys. Scanning for private crypto keys and passwords On Oct. 17, programmer and security expert Paul Price introduced his new tool, Shhgit. Shhgit scans for secrets across public code repositories that sometimes end up in the hands of bad actors and ultimately have the potential to cause significant data breaches. Price said that finding these potentially harmful secrets across GitHub is nothing new. According to the programmer, there are tons of open-source tools available, such as gitrob and …

Cloud-based instant messaging service Telegram has released the terms of use for its native cryptocurrency wallet Grams Wallet. In the Oct. 8 publication, Telegram said the conditions apply whether as a standalone application or as incorporated into the Telegram Messenger application. Here are five key takeaways: 1. Taxes, regulation In the statement, Telegram emphasized that the Grams Wallet should not be used in jurisdictions where its services are prohibited by any applicable law, regulation or rule, including embargoes, sanctioned countries and sanctioned individuals. Telegram also stressed that its customers are responsible for determining what taxes apply to use of Gram …

With each passing day, Craig S. Wright’s reputation continues to take a bigger beating. This time around, a Florida court has found the self-proclaimed inventor of Bitcoin (BTC) to be guilty of not only submitting false documents as part of an earlier testimony but also lying about a legal dispute (related to the estate of his former partner, David Kleiman) to the United States justice system. Related: Bitcoin Creator and Superagent: What You Should Know About Craig Wright The presiding judge, Bruce Reinhart, concluded the latest hearing by ordering Wright to surrender more than $4 billion worth of cryptocurrency in …

Blockchain-based web browser Brave has unveiled a cryptocurrency wallet for Ethereum tokens that is currently in development. Incompatible with Brave Rewards Brave discussed their work so far in a blog post on Aug. 27. According to the announcement, the in-browser wallet supports Brave’s native ERC-20 Basic Attention Token (BAT), alongside other Ethereum-based tokens and collectibles and Ether (ETH) itself. Additionally, the wallet supports interaction with decentralized applications — also known as DApps — which reportedly makes Brave a Web3 browser. However, the wallet cannot interact with Brave Rewards. This means that users cannot transfer any BAT between Brave Rewards and …

Casa, a crypto company that provides a private key management service and Bitcoin (BTC) node machine, has unveiled a node monitor and accompanying rewards program to promote Bitcoin network health. Casa announced the new projects in an official blog post on Aug. 21. Per the announcement, the node monitor — called Node Heartbeats — relies on establishing a brief connection between Casa’s server and an online, synced and Tor-activated node owned by a customer. The rewards program lets Casa node users earn 10,000 SatsBack per week in exchange for performing five Node Heartbeat checks per week on different days. SatsBack …

United States-based investment banking company Bank of America (BofA) has filed a patent for a digital currency wallet with multiple layers of asset access. The proposed wallet would accept different passwords for different amounts of funds requested. The United States Patent and Trademark Office published BofA’s application on Aug. 15. Per the filing, this technology would comprise a computing platform with a digital wallet interface. The platform would be configured to operate within a peer-to-peer network for blockchain management — which could potentially be public or private. The application points to Bitcoin (BTC) and Ether (ETH) as examples of digital …

A new proposal wants to take decentralization a step further by decentralizing the private keys themselves. Trusting trustless bot with your crypto private keys Tide, a non-profit privacy advocate, claims to have developed a decentralized technology, which gives rise to a trustless bot or Delegated Automated Trustee (DAT) on the blockchain. According to an announcement on Aug. 5, DAT can act as the custodian of a crypto-key, manage access to personal data or enable automated trading bots to access funds without having access to a full key. Essentially, the key protecting the data or crypto-assets is divided into several pieces …