..

Electrum Wallet was Vulnerable to Hackers

Written by:
Guest
Published on:
Jan/09/2018

Anyone using their Electrum wallet to fund or receive withdrawals from their online wagering accounts were ordered to upgrade to the latest patched upgrade version Saturday.


Bookmaker accepts most crypto-currencies

These instructions were given following reports that Electrum had been vulnerable to hacking over the past two years.

Apparently, having the wallet open while browsing the web allows any website to steal users’ BTC, CoinGeek.com reported. 

This urgent message also appeared on the Electrum website Sunday:

Update your #electrum wallets. Only having the program running and surfing the web can be unsafe. Any website can steal your wallet if it is not protected with a password or if it’s easy to guess it can be bruteforced #bitcoin pic.twitter.com/MYq1u9ZZbt

— h43z (@h43z) January 7, 2018

Google vulnerability researcher Tavis Ormandy was the individual who pointed out the security concern, though he noticed it last year.

The bitcoin wallet Electrum allows any website to steal your bitcoins. I was gonna report it…but there was already an open issue from last year. I pointed out this is kinda critical, and they made a new release within a few hours. Update to 3.0.4 if you use it.

— Tavis Ormandy (@taviso) January 7, 2018

- Aaron Goldstein, Gambling911.com

 

 

Business/Financial News

Jeff Ifrah: US Regulators Odds-On to Approve In-Game Tokens

Jeff Ifrah: US Regulators Odds-On to Approve In-Game Tokens

On this week’s CoinGeek Conversations, we spoke to the Founder of Ifrah Law, Jeff Ifrah as he discussed NFTs, possible US regulations in the Gaming and Cryptocurrency industries.

The Bitcoin White Paper: Timestamp Server

The Bitcoin White Paper: Timestamp Server

Continuing to review the series of dialogues between Dr. Craig S. Wright and Ryan X. Charles, where they discuss the Bitcoin White Paper line-by-line, we come to the section concerning the Timestamp Server. Dr. Wright is the inventor of Bitcoin and the Chief Science officer at nChain while Ryan is the founder of Money Button. 

The Bitcoin White Paper: Stealing Bitcoin

In the video discussion about the second paragraph of the Bitcoin white paper between Dr. Craig S. Wright and Ryan X. Charles, the topic of honesty arose with regards to nodes and the security of the system. While there are a number of security features built in to blockchain, the idea of a rogue or criminal node stealing transactions is thwarted from an economic standpoint.  

The Bitcoin White Paper: Proof of Work and Network

The Bitcoin White Paper: Proof of Work and Network

In a series of YouTube videos, Dr Craig S. Wright and Ryan X. Charles discuss the Bitcoin white paper line by line. Their discussions both clarify the original purpose and intent of Bitcoin as well as inspire additional thoughts about and future uses of it. Having the creator of Bitcoin explain it in his own words certainly clarifies some of the areas that have been misunderstood by many for a very long time. 

The Bitcoin White Paper: Part One

The Bitcoin White Paper: Part One

Who better to discuss the nuances and mapping of Bitcoin with than the creator himself, Dr. Craig S. Wright. That’s exactly what Ryan X. Charles was able to do in an interview discussing the Bitcoin white paper, line by line. It was an opportunity to share with the world in an open discussion Dr. Wright’s creation and vision. Let’s take a look at some of the takeaways from that interview.

Syndicate