Two Electrum software wallet users have recently reported the loss of large sums of Bitcoin (BTC). One victim described the disappearance of 1,400 BTC, totaling $14,595,000 at press time, while another claimed 36.5 BTC, worth $380,512, as stolen. The events appear connected to a long-standing phishing scam affecting Electrum users since 2018. “Users need to be careful when dealing with their own keys, particularly when they are holding the keys to a wallet with a large amount of cryptocurrency as it makes them attractive to hackers,” Jason Lau, the chief operating officer of crypto exchange OKCoin, told Cointelegraph in response …

In his college-aged days, Chris Maurice, the CEO of African crypto exchange Yellow Card, said he put his life savings into Bitcoin (BTC), finding it stolen shortly after. "Bitcoin was about $200 at the time, and I decided basically I was just going to dump my entire savings account into into it," Maurice told Cointelegraph in an interview. Maurice said he had approximately $5,000 in his savings back then, with which he bought roughly 21 BTC. "I was holding it all on LocalBitcoins, because that was the wallet that I used at the time and I didn't really know any …

Details of a previous Electrum wallet hack surfaced following the massive 1,400 Bitcoin (BTC) theft that hit headlines a few days ago. "I had a similar situation 2 months ago," a Github user named Cryptbtcaly posted on the social media platform on Aug. 31. The user claimed someone pilfered 36.5 BTC from one of their wallet addresses. The BTC reportedly ended up spread across five different addresses. "Some of the stolen Bitcoin went to Binance, but they ignore my appeals and do not return," cryptbtcaly added. Details of a larger hack surfaced on Aug. 30, when a different Githubber reported …

Although the privacy-focused Bitcoin (BTC) wallet Wasabi Wallet recently dismissed allegations that its anonymity features may be compromised, a third-party expert disagrees. In an Aug. 19 blog post, Wasabi competitor Samourai claimed to have “discovered two potential privacy vulnerabilities in the Wasabi Wallet software.” Per the announcement, the company also found numerous issues with the anonymity of Wasabi Wallet’s CoinJoin Bitcoin mixer. Mário Havel, co-founder of crypto-and-privacy non-profit Paralelni Polis, said that Samourai’s allegations seem credible and can be verified in Wasabi’s code. He explained: “Disclosed vulnerabilities [...] are not affecting the security of the wallet. [Instead they] affect only …

BRD recently updated its wallet compatibility, allowing storage of Hedera Hashgraph's HBAR coin. "In addition to the integration in the BRD consumer wallet, Hedera’s network data will be supported in BRD’s recently launched enterprise-grade blockchain data integration platform Blockset, which powers the BRD consumer wallet," said a June 25 statement provided to Cointelegraph. Blockset aids enterprise endeavors Aimed at the enterprise sector, Hedera touts itself as a proof-of-stake, or PoS, public ledger ecosystem, according to its website. The technology uses what it calls Hashgraph network consensus. The project's incorporation with Blockset plays on Hedera's enterprise lean. Essentially, entities looking into …

John Cantrell, Bitcoin and Lightning Network project developer, recently revealed he had successfully hacked a Bitcoin address. His article, however, received a number of responses with many concluding Bitcoin isn’t secure. Cantrell felt people missed the point of the exercise so, in a tweet thread on June 19, explained and ensured people that despite hacking a wallet, Bitcoin is still safe. Takes forever to crack the wallet According to Cantrell, bitcoins stored in a wallet generated from a 12-word mnemonic is secure. The only reason why he was able to hack the Bitcoin wallet was because the wallet’s owner publicly …

Logic Beach, an instrumental, non-verbal techie sounding music group recently released a new album with Bitcoin (BTC) hidden inside its walls. Listeners are now working find the 12 word seed phrase for the wallet holding the BTC prize. "I have hidden the seed to a wallet containing ~0.03 (+ 0.02) BTC inside of my latest album," Logic Beach posted in a May 12 Reddit thread on r/Bitcoin, adding: "'Bifurcations' by Logic Beach is a Lo-Fi, Synth-Glitch, experimental project I've put together to celebrate the halving and to have a bit of fun. You will need the Lossless versions of the …

Leading hardware wallet producer, Ledger, now allows online customers to pay using Crypto.com’s wallet app. According to an April 9 announcement, the firm has chosen to accept payment in Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC), and Crypto.com Coin (CRO) via Crypto.com’s application. This is not the first time that Ledger has allowed its customers to pay with crypto. They already accept Bitcoin, Bitcoin Cash, Ethereum and XRP via their crypto payment processor, Bitpay. An update on an old collaboration Back in December 2018, the two firms signed a memorandum of understanding, which was mean to allow Ledger’s customers to …

CoolBitX, creator of the cryptocurrency-storing CoolWallet, continues to be popular with investors. In a press release today, the Taiwan-based startup announced that it had secured additional funding for expansion. Led by Japan-based SBI Crypto Investment Co. Ltd., the Monex Group, BitSonic, and the National Development Fund of Taiwan, the group provided CoolBitX $16.75 million from the Series B funding round. To date, the company has raised $30.25 million: $500,000 from a seed funding round, $13 million from Series A, and the most recent round. With this new funding ready, CEO of CoolBitX Michael Ou spoke to Cointelegraph on the future …

Distributed naming system Ethereum Name Service (ENS) has announced the launch of multicoin support as 15 cryptocurrency wallets already plan to utilize the new feature. According to an official Medium post published on Oct. 17, this will allow crypto enthusiasts to use one ENS name for all of their crypto wallets. Ongoing implementation It is noted that ENS’s user interface currently only supports Ether (ETH), Bitcoin (BTC), Litecoin (LTC) and Ethereum Classic (ETC) addresses — and not all of the encodings. Still, the post promises that its functionality will be expanded in the coming weeks. Among the new wallets committed …

The next release of major Bitcoin (BTC) wallet software Electrum will support off-chain scalability solution Lightning Network (LN). The Electrum official Twitter account announced the upcoming LN integration in a tweet sent on Oct. 14. The tweet announced: “The next release of Electrum will support Lightning payments. Our lightning node implementation has been merged into Electrum's master branch.” Electrum also confirmed that the wallet will employ a new implementation developed in-house, written in Python. High hopes for Lightning Network Lightning Network is believed by many Bitcoin proponents to be the solution to the network’s scalability limitations. Recently, the chief strategy …

Several high-value bitcoin (BTC) transactions were included in a single block on June 30. Bitcoin Block Bot, a Twitter account dedicated to reporting significant bitcoin (BTC) transactions reported that 25 bitcoin transactions worth $6 billion were included in block 583,139 on June 30. Cryptocurrency news outlet AmbCrypto reported that all the transactions formed a bigger, linear transaction. Wallet 1 initiating the transaction sent 24,392.93062596 BTC to wallet 2, and 300 BTC to wallet 3. This last address received a total of 5,800 BTC, and was a receiving wallet in all 25 transactions. Wallet 2 also transferred 300 BTC to wallet …