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A cryptographic key that can be obtained and used by anyone to encrypt messages

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Squarelink introduces non-custodial private key recovery tool for DApps

Squarelink, a blockchain key management tool to bridge the gap between usability and decentralized security, recently added non-custodial private key recovery for several DApps using its wallet management tool. Squarelink is a pure non-custodial private key recovery platform for cryptocurrency and blockchain applications. Other solutions rely on OAuth providers such as Google or custodial key-management […] CryptoNinjas: Squarelink introduces non-custodial private key recovery tool for DApps
CryptoNinjas

Squarelink Rolls Out Non-Custodial Private Key Recovery for New Wave of DApps

Mishandled Private Keys Endemic to Crypto: 25 Percent of all BTC Lost as Result Squarelink, a blockchain account platform, recently added non-custodial private key recovery for several DApps using its wallet management tool. At this time, the Squarelink platform is the only pure non-custodial private key recovery platform for cryptocurrency and blockchain applications. All other solutions rely on OAuth providers such as Google or custodial key-management services like Amazon Cognito. At present, Squarelink supports non-custodial private key recovery for the following applications: PoolTogether 1inch.exchange Fulcrum Totle Swap Deversifi gDai Hedgie "Other technology providers have advertised private key recovery solutions, but there's a catch," says Alex Patin, co-founder and CTO of Squarelink. "Most are not truly non-custodial and rely on companies like Google to create OAuth tokens. Since Google is a centralized authority, a malicious employee with access could arbitrarily create access tokens for every user leveraging that technology, and fetch all the shards on hosted decentralized nodes containing PK information." Secured digital wallets and private keys have become paramount for the maturation of the cryptocurrency landscape. ...Full story available on Benzinga.com
Benzinga

New Trezor Wallet Phishing Website Surfaces, tlezor.io, to Steal Users Private Keys

A new phishing website, tlezor.io has surfaced that’s imitating the Trezor brand. The website intends to steal the user’s recovery seed which would give scammers control over the user’s funds tied to their Trezor device. The newest phishing site is one of many that have surfaced over the last couple of weeks. The websites looks […]
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Ever Coin Offers New Hardware Wallet That Assists in the Recovery of Private Keys

Digital wallet provider Ever Coin is offering the Ever Coin 2, a new mobile hardware wallet designed to give people more security when storing their crypto funds. Ever Coin Offering a New Way to Secure Your Money Keeping digital money in a hardware wallet is a lot safer than storing it in a standard exchange, which for the most part, remains vulnerable to hackers and other malicious actors. Many times, these hardware wallets require the knowledge of private keys in order to gain access to the money being stored. However, there’s a huge advantage to the Ever Coin wallet in that the initiating company has implemented a new system that assists in the recovery of private keys should they ever be lost or disappear. Despite 18 million bitcoins having already been mined, for example, many are no longer accessible because the owners lose track of their private keys and cannot access the funds. Without access, the funds are “lost” forever. At the time of writing, it is estimated that as many as 25 percent of the bitcoins that have been mined have been lost forever due to forgotten passwords or access keys. That’s the equivalent of roughly 4.5 million BTC units. In addition, several others have been stolen and there is little hope of recovery. The wallet comes in the form of a small house key. Powered by technology firm Yubico, the security measures taken involves helping clients recovering their data without exposing them to third parties who can potentially hack the accounts through two-factor authentication methods or through SIM-swapping tactics. Ever Coin CEO Talip Ozturk explained in a statement: Ever Coin users deserve peace of mind. We protect users from hackers with YubiKey hardware, but we also protect them from accidents when they have lost their phone, their YubiKey or their password. Accidents do happen, and we want to ensure that funds are always safe and recoverable. At press time, the wallet can support more than 20 individual cryptocurrencies, including Ethereum (ETH) and bitcoin (BTC). The company also offers support for both iOS and Android and allows users to directly connect their bank accounts to their digital wallets, so they can instantly cash out should they ever receive funds. The wallet provides them with all the basic functions of a cryptocurrency exchange such as Coinbase or Binance while also offering them higher security functions. Your Keys, Your Crypto Ever Coin chair Miki Matsumura explains: There’s a saying: ‘Your keys, your crypto.’ This means that if you don’t have the private cryptographic key, then someone else controls your bitcoins. The problem is that people used to lose or mishandle these keys. What we’ve done is to partner with Yubico to turn their YubiKey into a hardware security device for storing bitcoin and other cryptocurrencies. The post Ever Coin Offers New Hardware Wallet That Assists in the Recovery of Private Keys appeared first on Live Bitcoin News.
Live Bitcoin News

Quantum Leap for HashCash in Computing Enhanced Private Key Security

PALO ALTO, Calif., Nov. 4, 2019 /PRNewswire-PRWeb/ -- California based Software Company HashCash Consultants moves into the quantum space with the promise to provide enhanced and unbreakable private key security. The company is working to fortify its Blockchain Network HC Net, with quantum encryption. Sharing the company's plans with media, Raj Chowdhury, CEO of HashCash Consultants said "Quantum encryption holds the key to the next generation of online security. We are looking at a future where cyber-attacks will be least of our worries. It is an exciting time for the tech community as we harness the powers of quantum mechanics." HashCash's Quantum Plans: All of HashCash's applications are backed by Blockchain which uses public-key cryptography. A combination of the public and the private key is used to process transactions, and ensure security and privacy-preserving protocols. The public key is the address of the wallet that ...Full story available on Benzinga.com
Benzinga

Winklevoss Capital backs a crypto custody startup that lets users protect private keys via friends

Cryptocurrency custody startup Vault12 is offering a new way to protect private keys - by using friends and family as a recovery network. The solution, dubbed as the “personal cryptocurrency security solution,” uses a cryptographic technique called Hierarchical Threshold Shamir's Secret Sharing to let “guardians” safeguard users’ private keys. The technique, developed by Israeli cryptographer Adi Shamir, allows guardians to possess parts of users’ seed phrases, and if users lose access to their cryptocurrency holdings, they can combine portions of their guardians’ keys to recover their funds. Users can pay guardians in ether (ETH) to protect their key portions, said Vault12. "Today's world relies heavily on our social circle in both our personal lives and our professional lives. That's why we're taking a more social approach to cryptography and entrusting our loved ones to guard our assets," said Blake Comagere, co-founder and COO of Vault12. The idea has seen backing from notable investors, including Winklevoss Capital, True Ventures and Naval Ravikant, founder of AngelList. Vault12 did not disclose the amount of funding raised via these investors.  "Safeguarding money is necessary for the crypto economy to flourish. Vault12's distributed, decentralized, and server-less approach to security helps reduce friction associated with securing crypto assets,” said Cameron Winklevoss, partner at Winklevoss Capital. Vault12's solution is decentralized, meaning the firm does not have access to users’ seed phrases and funds. Comagere said that the firm plans to safeguard “everything from legal documents to house keys and more” in the future.
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The Beginner’s Guide to Monero

Monero is an anonymous digital currency that enables untraceable and unlinkable transactions by obfuscating a public ledger. It combines ring signatures, stealth addresses, Kovri and RingCT in a way that hides senders, recipients, their IP addresses and transacted amounts

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Tezos (XTZ) is Flying High, Gains against USD and BTC

XTZ, the native currency of the self-amending smart contract and DApp platform, Tezos, has registered impressive gains against the USD, BTC and ETH. The token is up 11%, 9% and 10% respectively, exciting token holders who expect further gains going forward. Recently, there has been a lot of debate-and expectations- around the Ethereum competitor following the collapse to new lows. Distinct, Tezos’ on-chain governance allows token holders to vote and determine changes of code averting chain splits which can be disastrous to the platform’s valuation and an unwelcomed distraction to the initial vision. Binance Staking Supports Tezos (XTZ) Although specific details around the main bull triggers are scarce, based mostly on oblique remarks, analysts and commentators are pointing fingers at Binance’s staking support announced three days ago. I'm not even 100% sure what tezos does, but I know its going to $100. Why get lost in the weeds? — Jeremy Ross (@jebus911) December 6, 2019 According to Binance, the world’s leading cryptocurrency exchange by trading volumes and aggressively expanding to cover as many regions as possible, they will support zero fee staking on XTZ. Official support started on Dec 4 but it will complete the first distribution of rewards by the 20th day of the following month. “XTZ rewards will be calculated daily based on live snapshots and distributed monthly. Distributions will be completed before the 20th day of each following month. Starting from 2019/12/04, Binance will begin taking hourly snapshots of user XTZ balances.” Binance supports staking-or locking of coins of particular Proof of Stake network, in exchange for rewards. By locking coins for a specific period, owners receive rewards for bolstering the network’s security. Gendarmerie’s Cybercrime Division (C3N) Using Tezos The announcement was a direct boost for XTZ and comes a few days after the French Armies and Gendarmerie’s Information and Public Relations Center acknowledged that they have been using the blockchain to record and subsequently validate expenses incurred during judicial investigations. Through a press release, the Gendarmerie’s cybercrime division (C3N) said they used a system developed by Nomadic Labs to buy the coin from a Euro-pool allocated fund to cover operations cost. DigiFinex Lists XTZ On Dec 6, DigiFinex exchange announced their official support of XTZ. Deposits and withdrawals will begin starting on Dec 9, while official trading will start on Dec 11. The exchange will initially support the trading of XTZ/BTC and XTZ/USDT pairs. We are listing Tezos (XTZ) @tezos, a self-amending cryptographic ledger. ✦XTZ deposit & withdrawal open: 9 Dec, 2019 10:00 (GMT+8)✦XTZ trade opens: 11 Dec, 2019 10:00✦XTZ trading pairs: XTZ/USDT, XTZ/BTC pic.twitter.com/CawEjB3TJk — DigiFinex Exchange (@DigiFinex) December 6, 2019 The post Tezos (XTZ) is Flying High, Gains against USD and BTC appeared first on Coingape.
CoinGape

Blockchain Startup SpaceChain Sends Wallet Tech to International Space Station

Blockchain Startup SpaceChain Sends Wallet Tech to International Space Station Space-as-a-service-focused blockchain startup SpaceChain has sent its hardware wallet technology to the International Space Station (ISS). As part of the CRS-19 commercial resupply service mission, a SpaceX Falcon 9 rocket is delivering SpaceChain’s hardware wallet technology to the ISS, according to a Dec. 6 press […] Cet article Blockchain Startup SpaceChain Sends Wallet Tech to International Space Station est apparu en premier sur Bitcoin Central.
Bitcoin Central
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