Tag: bitcoin wallet

German Government Raids Apartment, Confiscates and Sells $14M in Bitcoin

Earlier this week, German mainstream media outlet Der Tagesspiegel reported that local authorities had raided the apartment of a criminal group and confiscated more than $14 million in Bitcoin and other cryptocurrencies including Bitcoin Gold, Bitcoin Cash, and Ether. Waited Out Hard Forks German law enforcement arrested members of a criminal group and raided their residences around June 2017. Almost immediately after their arrest, the criminals agreed to forfeit their private …
[Read More]

Huawei Enables Native Bitcoin Wallet Support for Its Future Mobile Phones

Buying Bitcoin still remains a bit of a difficult task. This is especially true in countries where buying Bitcoin is not deemed appropriate by the government. In China, for example, this practice is heavily frowned upon. Huawei, the smartphone manufacturer, may have come up with a solution in this regard. Huawei has a Rather bold Plan One has to commend companies such as Huawei for trying to let consumers buy …
[Read More]

Electrum Developers Warn Bitcoin Users About Potentially Malicious Wallet Clone

Bitcoin wallets are an integral tool in the world of cryptocurrency. Unfortunately, not all wallets are created equal. The Electrum Pro wallet has nothing to do with the official Electrum wallet, and it is seemingly intent on stealing seed keys from users. Beware of Electrum Pro In the world of cryptocurrency, copycat initiatives are nothing new under the sun. Whether they are phishing platforms or malicious Bitcoin wallets, potential security threats will …
[Read More]

Always Back up Your Bitcoin Wallet’s Recovery Seed

Storing cryptocurrencies in a safe and secure manner is a lot harder than it may seem to most people. While using a hardware wallet is a good first step, it is only part of the story. Most wallets will employ a passphrase or seed to let users recover their funds in the future. Failing to store a backup of this vital information is perhaps the biggest problem for a lot of novice cryptocurrency users …
[Read More]