Kraken Security Labs revealed on Jan 31. that Trezor hardware wallets and their derivatives can be hacked to extract private keys. Though the procedure is quite involved, Kraken claims that it “requires just 15 minutes of physical access to the device.” The attack requires a physical intervention on the Trezor wallet by either extracting its chip and placing it on a special device or soldering a couple of critical connectors. The Trezor chip must then be connected to a “glitcher device” that would send it signals at specific moments. These…
Month: January 2020
Listen to Elon Musk’s Latest EDM Beats on the CoinDesk Crypto Roundup
We’ve got the “hawt” new single from Tesla CEO Elon Musk and, as bitcoin ends its best January ever, traders eye a price move above the psychological level of $10,000. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source If You Liked This Article Click To Share BeatsCoindeskCryptoEDMElonLatestListenMusksRoundup CryptoX Portal
Listen to Elon Musk’s Latest EDM Beats on the CoinDesk Crypto Roundup
We’ve got the “hawt” new single from Tesla CEO Elon Musk and, as bitcoin ends its best January ever, traders eye a price move above the psychological level of $10,000. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
Bitcoin Price Could Reach $27,000 in 180 Days, Halving Is 100 Days Away
Tom Lee is a person who always gives positive price predictions when it comes to Bitcoin. But now, there’s a bunch of other people claiming that Bitcoin halving might be not good for the Bitcoin price dynamics. He thinks that the technical analysis, as well as the core principles of Bitcoin, show that the price should go up. His agency Fundstrat gains up to 193% of easy profits out of Bitcoin. Per Tom Lee: “Yes, 2020 should be great for Bitcoin. Because you got, number one the Halving happening –…
Investigators Bust €6 Million Bitcoin and Gold Fraud Scheme
French, Belgian and Israeli investigators have brought down a scheme that defrauded €6 million ($6.64 million) from French and Belgian citizens, a Jan 29. press release from Europol reads. The fraudsters promised significant returns for the victims’ investment in what appears to have been a Ponzi scheme. The international network of fraudsters was allegedly masterminded by a French-Israeli citizen. Authorities arrested nine suspects connected with the scam in 2019. The investigation started in 2018 and was coordinated by Europol and Eurojust. The criminals reportedly set up a system promising large…
Ethereum Miners’ ETH Holdings Near Record Highs
Ethereum miners are hoarding ether tokens, and this could indicate high confidence in the project. The number of ether tokens held by all ETH mining pools is back near its all-time-high of 1.69 million ETH set in October, according to crypto market data platform Santiment. The rise from November’s low of 1.64 million has happened in a stable and undisrupted manner. “The steady accumulation suggests high confidence levels in the project among the majority block creators, at the very least relative to the current market conditions,” Santiment’s founder Maksim Balashevich wrote…
Ethereum Miners’ ETH Holdings Near Record Highs
Ethereum miners are hoarding ether tokens, and this could indicate high confidence in the project. The number of ether tokens held by all ETH mining pools is back near its all-time-high of 1.69 million ETH set in October, according to crypto market data platform Santiment. The rise from November’s low of 1.64 million has happened in a stable and undisrupted manner. “The steady accumulation suggests high confidence levels in the project among the majority block creators, at the very least relative to the current market conditions,” Santiment’s founder Maksim Balashevich wrote…
Miners Accumulating Ethereum at a Rapid Rate May Take ETH to Record High
The Ethereum (ETH) price could explode to record highs on the backs of an optimistic accumulation behavior. Data provided by cryptocurrency market analysts at Santiment shows that miners are now holding more ETH rewards than they did three months back. At 1.69 million ETH, which roughly equals about $300 million, the cumulative balance of all Ethereum mining pools is now sitting atop a new all-time high. Miners’ ETH holdings are reaching its all-time high | Source: Santiment Maksim Balashevich, the founder of Santiment, wrote in a note that miners’ accumulative strategy…
Bitcoin Startup Casa Names New CEO as Node Service Goes Open-Source
Bitcoin startup Casa is charging into 2020 with a new look – by winding down its hardware product and shuffling its front office. CEO Jeremy Welch is stepping down from the role with current head of product Nick Neuman taking the helm. CTO Jameson Lopp will remain in his current position but will join the board along with Neuman. Welch’s decision to step away from his position was linked to personal matters and not the firm’s product decisions, Welch and Neuman said. Meanwhile, Casa is getting rid of its node;…
Bitcoin Investors Be Aware: Kraken Finds Way to Hack Into Trezor Hardware Wallets
The security research team at Kraken has found a way to hack into the popular Trezor bitcoin hardware wallet. In merely 15 minutes with physical access to the device, the team extracted seeds from the wallet. Only works if hacker has physical access to the wallet According to Kraken Security Labs, breaking into a Trezor wallet is possible through the usage of cheap equipment. By conducting a voltage glitch-based attack, hackers can extract keys from the wallet and therefore withdraw funds from it. “This attack relies on voltage glitching to…