How Blockstream is Fighting Crypto Exchange Fraud

February 12, 2019  /  by Steven Lubka
It is no secret that cryptocurrency exchanges have a bad reputation for mismanaging, losing access to, and misrepresenting customer funds and liquidity. The most recent debacle was the “death” of Quadriga Exchange’s founder. According to the exchange, Founder Gerald Cotten died with sole access to the cold wallet that stored customer’s funds. However, many customers… Read more

Interview With Bread (BRD) Wallet Co-founder: a Mobile Wallet That Stores Private Keys on Phone in a Cryptographically Secure Enclave Rather Than on a Server

January 29, 2019  /  by Zachary Mashiach
Listen to the interview with Aaron Lasher, Co-Founder and Chief Strategy Officer at Bread (BRD) wallet At the North American Bitcoin Conference in Miami, Crypto.IQ interviewed Aaron Lasher, the Co-Founder and chief strategy officer at Bread (BRD), which is an easy to use mobile cryptocurrency wallet on iOS and Android. Bread (BRD) currently integrates Bitcoin… Read more

Crypto Exchange Cryptopia Claims It’s Been Hacked, Goes Offline After Months of Problems; Users Cry Exit Scam

January 15, 2019  /  by Zachary Mashiach
The Cryptopia cryptocurrency exchange has announced that it has been hacked and is coordinating with police to investigate. This announcement follows two continuous days of unscheduled maintenance, during which time $2.5 million of Ethereum (ETH) and over $1 million of various ERC-20 tokens have been drained from the exchange. Officials are unavailable for comment, but… Read more

219,500 Ethereum Classic (ETC) Worth $1.1 Million Double Spent During 51 Percent Attack; Coinbase May Delist

January 8, 2019  /  by Zachary Mashiach
Ethereum Classic (ETC) has been under siege due to a 51 percent attack, as detailed in a CryptoIQ article yesterday. There was initially incorrect information that this 51 percent attack, that it was due to the testing of new 1.4 GH/s ETHash ASICs and did not have any associated double spends. This caused a public… Read more

Crypto’s Proof of Keys Should Not Be Once a Year; it Should Be Every Second

January 8, 2019  /  by Zachary Mashiach
The first annual Proof of Keys event took place on Bitcoin’s 10th anniversary, Jan. 3, 2019. To observe Proof of Keys, Bitcoin users were urged to take control of their Bitcoin and move it into a wallet where they control the private key. Many Bitcoin users hold their Bitcoin in exchanges and online wallets where… Read more

BREAKING: Ethereum Classic (ETC) Hit With 51 Percent Attack A Week Before Ethereum (ETH) Constantinople Hard Fork

January 7, 2019  /  by Zachary Mashiach
Ethereum Classic (ETC), which is listed on Coinbase and ranked number 17 on CoinMarketCap with a market cap near $550 million, has been hit with a 51 percent attack. The attack appears to have occurred from 9 p.m. Jan. 6 to just after midnight on Jan. 7 and resulted in a blockchain reorganization hundreds of… Read more

Ledger and Blockchain Announce New Blockchain Lockbox Hardware Wallet

October 26, 2018  /  by Jackson Rickun
Cold-storage wallet manufacturer Ledger announced today a new hardware partnership with Blockchain, a Luxembourg-based cryptocurrency software company. The partnership will come in the form of a new hardware wallet, dubbed the Blockchain Lockbox, a specially-branded Ledger Nano S combined with Blockchain’s software capabilities. Blockchain, formerly known as Blockchain.info, is one of the oldest software wallet… Read more

Call of Duty Spawns Cryptocurrency Theft Ring: Player Group Steal over $3 Million

October 24, 2018  /  by Angel Reyes
A rise in the age of digital money has unfortunately resulted in a rise in digital crimes, exemplified by a surge in recent cryptocurrency thefts. Recent FBI reports show that homes of two men from Dolton, Illinois and Bloomington, Indiana were searched in an investigation into $3.3 million in various stolen cryptocurrencies. FBI reports show… Read more

8 Factor Authorization

August 27, 2018  /  by Ronald Tichenor
Security is important in crypto. And it is even more important than in traditional financial services because we are responsible for our own security. But some of our current solutions and (hopefully temporary) compromises are getting old quickly. The idea of 2 Factor Authorization is perfectly understandable and temporarily acceptable. By using two different modes… Read more

Bitcoin IRA: Best Practices for the Investor

July 10, 2018  /  by Cathy Zollo
As waves of baby boomers reach retirement and have the option of moving their 401ks to IRAs — along with job changers who may do the same — the diverse investment choices allowed by Individual Retirement Accounts come into play. Many of these retiring and job changing investors are now including Bitcoin in their IRA… Read more