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The Biggest Crypto Wallet Scandals of 2019

Even though it is not a stretch to say that security for cryptocurrencies and the overall security of cryptocurrency wallets has increased since they became popular in 2017 following the cryptocurrency boom, there are still a large number of instances where customer’s accounts and crypto wallets have been compromised, leading to losses for both businesses and consumers. Let’s review some of the biggest crypto wallet scandals of 2019: Algorand Algo Capital, the venture capital arm of the American blockchain firm Algorand suffered losses of $1-2M in Tether Stablecoins and Algorand Tokens after the mobile phone of CTO Pablo Yabo was...

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Former-CTO Of Algo Capital Takes Blame for Hot Wallet Hack

The man who is the now-former Chief Technical Officer of Algo Capital has just published a statement in the wake of a major security breach of an Algo hot wallet under his personal management.  Reports surfaced previously that the Algo Capital CTO, Pablo Yabo’s mobil was compromised by hackers which lead o the theft of somewhere between $1-2 million worth of USDT (Tether) and Algorand (ALGO) tokens from an Algo hot wallet.  The statement from Yabo was in regards to the incident which had provoked a significant reflection on his part. He said: “The state of the ecosystem and the...

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How to master your cryptocurrency wallet: Pro tips to handling thousands of tokens with ease

You’ll never buy a Lambo if you lose all your cryptocurrency to some sneaky hacker, which is why in 2019 it is more important than ever to ensure the wallet you choose is top of the line. The ways that we store crypto have changed drastically throughout the past decade, but for every new security measure there is also some new, and wrong, way to store it as well (if you are storing any significant amount on an exchange, please, for the love of the HODL gods, stop). Storing on paper used to be the most secure method, but times...

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Chainalysis’ Exec Talks on Crypto Wallet Blocking & BTC Price

The United States Department of the Treasury’s list of Specially Designated Nationals has seen multiple cryptocurrency addresses added to it recently, many of which are marked as being possibly associated with the global drug trade. According to the Kingpin Act, US firms and citizens are not allowed any type of commercial relationship with crypto addresses that have been listed, as well as those individuals which are in any relation to them. There have been three specific bitcoin addresses that have come under fire. They belong to a few citizens from China who haven’t been arrested or questioned in any way...

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Buy Bitcoin With Credit Card Easily In Lumi Wallet

Lumi wallet has expanded its functionality: now Lumi users can buy Bitcoin and Ethereum for USD and EUR. One of the most secure and anonymous wallets on the market has partnered with Simplex, to provide seamless risk-free transactions from a credit card to crypto wallet. How to purchase Bitcoin safe and easy? Now buying Bitcoin is as safe and easy as any payment with a credit card on the internet. Simply download Lumi Wallet and follow the three steps described below: First, you have to select the cryptocurrency which you want to purchase: as of now Simplex has BTC and...

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