The blockchain investment arm of U.S. internet retailer Overstock announced that its investment choice Bitsy has begun a limited beta launch of its cryptocurrency wallet and exchange, the companies confirmed in a press release Friday, September 14. Bitsy, which seeks to offer users custody of their holdings via private keys while facilitating password recovery using biometric security, will initially support Bitcoin (BTC) buying, with undisclosed altcoin assets to follow. As a bonus, Overstock CEO Patrick Byrne confirmed, customers would now be able to purchase Bitcoin directly from its website via the integration with Bitsy. “Bitsy sets a new standard for …

What are crypto collectibles? A crypto collectible is a digital asset. Unlike common tokens, which are identical and easily exchanged, crypto collectibles are non-fungible tokens. This is because their unique attributes mean that no two are the same, hence they are usually irreplaceable. There are a plethora of things that can be collected — from cats to celebrities, and from politicians to planets. In gaming environments, they can be swapped between players, and on other platforms, it’s possible to buy someone’s collectible without their permission — adding a competitive edge. Can money be made from digital collectibles? If you have …

Established crypto wallet provider Lumi announced the release of the “first real app” for collectibles. Unlike the apps that are based on built-in browsers, Lumi Collect is a separate platform designed to run on the Android and iOS devices. “We consider an app solution more secure than the web extension one,” the company says. Lumi allows users to keep all their collectibles in one wallet — including the unique ones and game assets based on Ethereum and ERC-721 tokens. Wallet functions Lumi’s wallet displays all collectible assets associated with the user’s Ethereum address in My Collection tab. Also, the owners …

XMRWallet.com, an open-source, client-side Monero wallet provider, has released a new web-based wallet for the Tor web browser, the company announced in a Reddit post on Aug. 28. The post notes that there had been a high demand for such a wallet from XMR users. Now they can send and receive the private and untraceable cryptocurrency through what claims to be the first Monero web wallet for the distributed and anonymous Tor network. Within the Tor network, Monero (XMR) is the cryptocurrency of choice among many users. For the advocates of a truly decentralized future and financial anonymity, the pairing …

The company behind “one of the world’s most secure mobile cryptocurrency wallets” says its platform offers banking-grade features to protect tokens, while ensuring that completing transactions is as simple as “sending a text.” SovereignWallet says one of its main motivations is promoting financial inclusion and enabling the unbanked to create accounts for crypto directly from their smartphones. Through its wallet, Ethereum and its own utility token can be sent to recipients easily — and users receive notifications when transactions are completed. It plans to support other cryptocurrencies in the future. According to its white paper, the platform is hoping to …

Cryptocurrency hardware wallet manufacturer Bitfi has officially closed its bounty program, according to an August 30 tweet, in addition to removing the “unhackable” claim from the wallet’s marketing materials. In its statement, the company admitted "vulnerabilities," and yet avoided speaking about multiple alleged hacks of the device. Bitfi also confessed to hiring a "Security Manager who is confirming vulnerabilities that have been identified by researchers." The company expressed appreciation for "the work and effort of the researches," stating that the bug bounty program was officially closed. Any further comments on remuneration and the project's roadmap are postponed until early September. …

A group of researchers claims to have have hacked the Bitfi wallet, the Next Web reported August 12. Bitfi's executive chairman, cybersecurity pioneer John McAfee, has called it “the world’s first unhackable device.” To prove his claim, McAfee challenged security experts to breach the device for a $100,000 bounty starting July 24. Bitfi is a physical device, or hardware wallet, which supports “an unlimited amount of cryptocurrencies,” and revolves around a user-generated secret phrase instead of a conventional 24-word mnemonic seed that has to be written down. Additionally, Bitfi is purported to be “completely open-source,” meaning that the user stays …

Opera is launching its desktop web browser with built-in crypto wallet functionality, according to a press release shared with Cointelegraph Wednesday, August 8. The firm already offers a mobile crypto wallet as part of its beta version of Opera for Android, which launched in July earlier this year. Opera cites “strong interest” and an “overwhelmingly positive response from the crypto community” to the mobile crypto wallet as the impetus for its latest move. The new desktop version will work by enabling users to connect their desktop browser to their existing crypto wallet-enabled mobile app by scanning a QR code — …

In July, cryptocurrency hardware wallet manufacturer Bitfi’s executive chairman, John McAfee, claimed that Bitfi was “the world’s first unhackable device,” urging security experts to breach its security for a $100,000 bounty. Since then, a number of reports emerged that suggested Bitfi is not, in fact, “unhackable,” only to be dismissed by the wallet service as well as McAfee himself, steadily making the bounty hunt seem like a tasteless PR stunt. What is Bitfi? Essentially, Bitfi is a physical device — or a ‘hardware’ wallet — supporting “an unlimited amount of cryptocurrencies” that costs $120, as per its website. Although no …

In the early July, it was reported that Bleeping Computer detected suspicious activity targeted at defrauding 2.3 million Bitcoin wallets, which they found to be under threat of being hacked. The attackers used malware — known as “clipboard hijackers” — which operates in the clipboard and can potentially replace the copied wallet address with one of the attackers. The threat of hacking attacks of this type has been predicted by Kaspersky Lab as early as November of last year, and they did not take long to become reality. For the time being, this is one of the most widespread types …

The Monero web wallet says it has undergone a successful security review by an independent provider, with analysts concluding “a number of potential vulnerabilities” have now been fixed, with their risks mitigated. XMRWallet’s infrastructure was audited by New Alchemy, a blockchain strategy and technology advisory group. During its tests in June 2018, the application’s web traffic and user interface were inspected, all with the aim of uncovering security flaws that could affect trustworthiness. In its report, New Alchemy concluded: “The XMRWallet application exhibits a high-quality user experience, a modern development approach, and a clear separation of client and server functionality. …

My wallet has been hacked. Help! Since it’s already happened there is not much you can do. Imagine that you’re entering your wallet and seeing no coins and several transactions to unfamiliar addresses. That likely means you’ve been hacked. Due to the anonymous nature of cryptocurrency ‘ownership’ is determined by whoever holds the codes for it. So if it’s gone - in majority cases - it’s gone. You may track the address of the last wallet but it will give you nothing. Notify the company - it's possible you are not the only one - and review your wallet and …