If you have a hot or hardware wallet for cryptocurrency, during its creation you were asked to write down a BIP39 mnemonic phrase, which can consist of 12, 18 or 24 words. As a rule, the phrase is written in a diary, notebook, notebook, or in special waterproof cards that come with hardware wallets. The security and availability of all your cryptocurrency assets depends on this rather fragile piece of paper. Many users ignore basic security rules in the storage of mnemonics. Therefore, we have prepared a list of good and bad ideas for storing a mnemonic phrase that will…
Author: BlockchainJournal
A somewhat strange announcement appeared on the well-known BitcoinTalk forum, in which the user of WalletBuyer proposes to buy old Bitcoin wallets for $ 5,000. “The requirements are as follows: – coins were mined in the period from 2008 to 2010 inclusive; – at least 300 BTC produced; – Wallet.dat or private keys are accepted; – the wallet should currently contain 0 BTC. You do not […]
Social investment platform eToro acquired Danish blockchain-startup Firmo, according to a press release. Firmo develops smart contracts for derivatives that can be supported by “any popular blockchain”, including Ethereum, NEO or EOS. In addition, the company is developing a smart contract language FirmoLang. According to Yoni Assia, the CEO and co-founder of eToro, the acquisition of Firmo will help the company to develop tokenized assets. “Blockchain and tokenization […]
Linh Thanh Group and KRONN Ventures AG signed a memorandum of understanding on the establishment of the official cryptocurrency exchange in Vietnam. It is known that the license for the exchange has already been approved. In October 2018, the Swiss blockchain company KRONN Ventures AG formed a consortium with financial committees, which includes five countries: Vietnam, the Philippines, Cambodia, Bangladesh and Sri Lanka. The idea was to build an Asian ecosystem of blockchain-innovators. Now the largest distribution company in Vietnam has joined the alliance of KRONN Ventures AG and Linh Thanh Group. If we talk about other countries of the…
The popular MetaMask extension reveals the data of its users on the websites that they visit, allowing third parties to see their ETH wallet addresses, which Cryptoglobe writes with reference to GitHub . As further reported, MetaMask has a built-in “privacy mode” that can prevent this, but the user must activate it manually and if it is not enabled, anyone can discover the address of the MetaMask user and potentially associate it with identity data that jeopardizes anonymity . He sacrifices the privacy of everyone in the system, because sites such as Amazon, Google, PayPal and others can link your…
Distribution company Linh Thanh Group and Swiss blockchain start-up KRONN Ventures signed a memorandum of understanding and obtained a license to create the first regulated cryptocurrency exchange in Vietnam. This is reported by Bitcoinist. According to the representatives of the companies, the new platform will become “world-class cryptobirths”. “The results of the Linh Thanh Group and KRONN Ventures cooperation will be felt not only in Vietnam, but also […]
Although over the past 10 days Bitcoin (BTC) has been trading in a stable range from $ 4,000 to $ 4,100, some analysts say there are two ways for it – $ 5,500 or $ 3,000. According to CoinMarketCap at the time of the preparation of this post, the main cryptocurrency was trading at $ 4,036 (+ 0.38%). Most analysts and traders are now looking with hope at the upper limit of the current trading range – a price tag of $ 4,200, which is likely to become a new level of serious resistance. Nevertheless, Crypto Krillin, a Swiss cryptanalyst,…
Well-known Bitcoin investor Tim Draper recently visited Argentina, where he personally met with head of state Mauricio Macri. At this meeting, Draper presented a rather bold idea to the president – to make Bitcoin is the national currency of Argentina. I suggested that the president make Bitcoin the national currency and introduce 5G. Draper believes that the flow of new startups will fill Argentina, if it becomes supportive of cryptocurrency. As the blockchain grows, the demand for decentralization increases. Draper understands that building blockchain infrastructure along with killer applications is the key to money entering crypto space. It…
Billionaire and venture capitalist from Silicon Valley, Tim Draper had a great time in Argentina: he met with the country's president, drove a minibus and sang songs behind the wheel. Draper was asked about the meeting with President Mauricio Macri, to which he replied: “I asked him to make Bitcoin the national currency, enter 5G and allow the market to deal with it himself, creating all the conditions”. He explained that everyone "will come to this sooner or later," and that "people will begin to gather in Argentina to start their own business." Perhaps Draper made too bold a proposal…
Specializing in ensuring anonymity on the Internet, the Tor Project began accepting donations in various cryptocurrencies . The other day on the project site a list of digital assets taken as donates appeared. Raising funds for the project, Sarah Stevenson, in a conversation with CoinDesk, noted that the organization has been accepting payments in Bitcoin for several years. However, the funds were previously received via BitPay processing. According to her, now the project accepts cryptocurrency payments directly. The funds received are then converted into Fiat on the Kraken exchange. “We decided to start accepting cryptocurrency because more and more benefactors…
