Monthly Archives: February 2020

When considering how to keep your bitcoin safe, most users think about the hard stuff like buying a hardware wallet, using complicated passphrases, buying bulletproof safes and backing up seed words on steel … but most users ignore the easy stuff because it doesn’t seem to be linked to your coins. Unfortunately, it’s ignoring the…

In August 2017, Blockstream made an unprecedented and invaluable contribution to Bitcoin by starting a free satellite service that streams the Bitcoin blockchain from space, with coverage including Africa, Europe, South America and North America. A little over a year later, the Canadian company extended the scope of its one-way Bitcoin blockchain broadcasting by including…

Tax season is here in the U.K. — and it’s time crypto investors buckled down to file their cryptocurrency tax returns correctly. There have been a lot of indications that the U.K.’s Her Majesty’s Revenue and Customs (HMRC) is starting to take a stern view of crypto tax evaders.  The first cryptocurrency guidance was released…

Although Satoshi Nakamoto’s white paper suggests that privacy was a design goal of the Bitcoin protocol, blockchain analysis can often break users’ privacy. This is a problem. Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own, while businesses may not want…

On January 17, 2020, British tax collection department Her Majesty’s Revenue and Customs (HMRC) published an open contract seeking bid applications for tools that can track, identify and associate bitcoin transactions with real identities. Correspondingly, developers of such “intelligence gathering methods to identify and cluster Cryptoasset transactions” can apply for the £100,000 (about $130,000) contract…

Although Satoshi Nakamoto’s white paper suggests that privacy was a design goal of the Bitcoin protocol, blockchain analysis can often break users’ privacy. This is a problem. Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own, while businesses may not want…

As cryptocurrency exchanges beef up their security to defend themselves against cyberattacks, hackers are responding in kind by amping up their techniques — and the data shows that they’re finding success. Cryptocurrency exchanges faced more successful attacks in 2019 than in any other year since bitcoin began trading on public exchanges in 2011, according to…

Bitcoin Magazine reviewed the Billfodl Multishard, a two-of-three stainless steel recovery seed storage device that allows you to split your seed into three shards, ensuring that, even if someone finds one part of your phrase, they won’t be able to steal your funds. Each shard allows you to store up to 16 words of your…

When it launched during The Lightning Conference in October 2019, HTC’s Exodus 1s smartphone took on the ambitious mission of endowing Bitcoiners with a device that delivers the security of a hardware wallet and the privacy and sovereignty of a full Bitcoin node.  At a retail price of 219 euro (approximately $245), plus shipping tax,…