VLS Beta For Major Security Enhancement Of Lightning Nodes Released

In a significant development for the Bitcoin Lightning Network, the Validating Lightning Signer (VLS) beta release has been announced, aiming to address the growing security concerns within the network. The VLS solution, an open-source Rust library and reference implementation, separates a user’s private keys from their Lightning node, providing an extra layer of protection against [...]

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Understanding Your Bitcoin Keys: Bip39 Seed Words

How large numbers and randomness secure your bitcoin, and what your seed phrase has to do with it. The first installment of 10 Steps to Self-Sovereignty powered by Ledger.

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Ledger CEO says crypto key recovery service makes self-custody easier

Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives.

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Ledger releases white paper for hardware wallet seed recovery tool

Despite facing notable criticism over the Ledger seed recovery tool, the hardware crypto wallet firm expects to launch the Ledger Recover tool in Q4 2023.

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‘Apple and Google Are Systemic Risks to Crypto,’ Says Ex-Coinbase CTO

Authorities in the U.S. and elsewhere may try to compel tech firms like Apple and Google to exfiltrate private keys from devices and apps under their control, crypto entrepreneur Balaji Srinivasan warned on social media. The former executive of Coinbase believes this would be done to remit funds to cash-hungry governments. Tech Giants Apple, Google

The post ‘Apple and Google Are Systemic Risks to Crypto,’ Says Ex-Coinbase CTO appeared first on BTC Ethereum Crypto Currency Blog.

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Wyoming’s private keys bill addresses growing threat to rights and assets

Governor Mark Gordon of the U.S. state of Wyoming recently signed a bill preventing the forced disclosure of private keys in a move to protect the privacy of digital asset owners. The incoming law reads “No person shall be compelled to produce a private key or make a private key known to any other person [...]

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The Most Unworkable State Law

An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible. (Read More)

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Wyoming lawmakers pass bill prohibiting courts from forcing disclosure of digital asset

Wyoming, a crypto-friendly state, enacted a measure banning private key disclosure. If Governor Mark Gordon approves, it will take effect July 1. (Read More)

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'Blockchain Bandit' reawakens: $90M in stolen crypto seen shifting

The hacker accumulated as much as $90 million worth of crypto from wallets with weak private keys during a six-year thieving spree.

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What are hierarchical deterministic (HD) crypto wallets?

A hierarchical deterministic wallet uses a single seed to create an infinite number of addresses, allowing users to recover funds using a master key.

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How do crypto hardware wallet firms make money?

All the companies that are involved in producing hardware crypto wallets have multiple revenue streams, either directly or indirectly.

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Ankr confirms exploit, asks for immediate trading halt

The decentralized-finance protocol said it is working with exchanges to immediately halt trading of its BNB staking rewards token, aBNBc.

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Amber Group uses simple hardware to show just how fast, easy the Wintermute hack was

The Hong Kong-based group documented its reproduction of the hack on its tech and security oriented blog, seeking insights into Web3’s attack surface spectrum.

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How to Protect your Cryptocurrencies?

Here are some security guidelines to sufficiently protect your cryptocurrencies from attackers. Let's take a look at it in more detail.

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Crypto winter teaches tough lessons about custody and taking control

Many agree that digital assets should be held in hard wallets, but recent actions in the EU and the U.S. may make that more difficult, not easier.

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What is a seed phrase and why is it important?

It’s crucial to remember your seed phrase, which is a string of random words produced by your cryptocurrency wallet when you initially set it up.

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What Happens To My Bitcoin When I Die?

It’s important for Bitcoiners to plan for the unexpected and protect the future of their assets.

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Self-custody isn’t for everyone: WisdomTree exec on ‘be your own bank’

As self-custody puts a lot of responsibility on a user, many may find it way too uncomfortable or too hard to handle.

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What happens if you lose or break your hardware crypto wallet?

The safety of the recovery phrase is way more important than keeping the hardware wallet safe, according to executives at Ledger and Trezor.

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MimbleWimble adds new features for Litecoin, but some exchanges balk

Litecoin may have recently activated its long-awaited privacy-based upgrade, but not without creating some regulatory compliance issues.

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