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A look into the Coinbase Wallet’s new feature. On Feb. 12, San Francisco-based cryptocurrency exchange Coinbase announced that users of its Coinbase Wallet can now back up their private keys on cloud storage, namely on Google Drive and iCloud. The move has received mixed reaction from crypto community and cybersecurity experts, some of whom seem skeptical about the idea of storing private keys on centralized servers. Others are confident about the new feature, stressing that it entails encryption. A brief introduction to Coinbase Wallet, formerly known as ToshiCoinbase Wallet differs from the main app, Coinbase (or Coinbase.com). With the latter, the cryptocurrencies purchased by customer and their private keys are stored by Coinbase. With Coinbase Wallet, in turn, users store their own crypto protected by their unique private keys. Those keys are purportedly secured with Secure Enclave and biometric authentication technology. Initially, Coinbase developed Toshi, an open-source, mobil..
Coinbase Wallet users will now be able to store encrypted copies of their recovery keys on select cloud services. Users of Coinbase Wallet can now back up their private keys on Google Drive or iCloud, according to an official announcement on Feb. 12. In the statement, Coinbase states that allowing users to upload their keys to a cloud provides a safeguard against lost keys, will will help them avoid losing funds should the keys be misplaced. The announcement notes: “The private keys generated and stored on your mobile device are the only way to access your funds on the blockchain. Owners of ‘user-controlled wallets’ like Coinbase Wallet sometimes lose their devices or fail to backup their 12 word recovery phrase in a safe place, thus losing their funds forever.” Now, users of Coinbase Wallet can store an encrypted copy of the recovery phrase on their cloud accounts. Coinbase notes that neither they nor the cloud services will have access to user funds, as recovery phrase key is unlock..
An app masquerading as DApp MetaMask contained malware that aimed to steal coins by replacing wallet addresses. Decentralized app (DApp) MetaMask is facing fresh problems from cryptocurrency scammers after malware impersonating the tool appeared on Google Play, cybersecurity company Eset reported Feb. 8. The malware, which replaces computer clipboard information in an attempt to steal cryptocurrency, was removed by Google at the beginning of the month after a tip-off from Eset researchers. Known as a ‘Clipper,’ the malware replaces copied cryptocurrency wallet addresses with an address belonging to an attacker in the hope funds will be sent elsewhere without the user noticing. The discovery marked the first time such malware had made it past Google’s vetting procedures, the security firm notes. “The clipper we found lurking in the Google Play store, detected by ESET security solutions as Android/Clipper.C, impersonates a legitimate service called MetaMask,” Eset explained, continuing:..
Crypto startup claims that Google Ads has blacklisted keywords mentioning Ethereum. On Jan. 10, Serbia-based smart contract auditing startup Decenter reported that Google has blacklisted keywords mentioning Ethereum (ETH) on its advertising platform, Google Ads. Google Ads: We can’t confirm that Ethereum is eligible to trigger ads, see our policySpecifically, the startup tweeted that they saw “a hard stop” on Google Ads containing the keyword “Ethereum” starting from Jan. 9. Decenter also tagged the advertising platform’s official account in the tweet, asking whether they had introduced any new policy changes. The Google Ads account then replied, stating that cryptocurrency exchanges targeting the United States and Japan can be advertised on the platform, while targeting other countries could be the reason for the ad rejection. While Decenter is based in Belgrade, Serbia, it does not provide services as a crypto exchange. Further, when the startup explained that they are a group of de..
Last year, due to the prevalence of ICO and cryptocurrency related scams, the biggest search engine in the world, Google, blocked cryptocurrency related ads. Companies that wanted to host ICOs could no longer advertise their products on Google. After a while, the dust settled and Google started allowing a group of reputable companies within the United States and Japan display ads on its platform. However, Google appears to have blacklisted Ethereum as a keyword on its platform. Google Blacklists Ethereum The attack on the cryptocurrency community at this time isn’t directed to the entire market but to the third largest cryptocurrency per market capitalization, Ethereum. A few days ago, as reported by smartereum.com, a Serbia-based Ethereum platform announced that its Google ads that had the keyword, Ethereum weren’t displaying. Yesterday, the blockchain platform, Decenter announced that Google has blacklisted ads related to Ethereum from its advertisement network. The post on Reddit..
Google has reportedly blacklisted keywords mentioning Ethereum on its advertising platform Google Ads. Google (Alphabet Inc.) has reportedly blacklisted keywords mentioning Ethereum (ETH) on its advertising platform Google Ads, smart contract auditing startup Decenter tweeted on Jan. 10. The official Google Ads account replied to the tweet stating that cryptocurrency exchanges targeting the United States and Japan can be advertised on the platform, and that targeting other countries could be the reason for the ad rejection. When Decenter explained that they are a group of developers doing smart contract security audits and that they were seeing the error message when trying to use the “ethereum development services” and “ethereum security audits” keywords, Google Ads’ official account answered: “Although we wouldn't be able to preemptively confirm if your keyword is eligible to trigger ads, we'd recommend that you refer to the 'Cryptocurrencies' section of our poli..
Samourai said Google would remove its wallet from Google Play unless it complied with what they see as extremely restrictive policies. Bitcoin (BTC) wallet provider Samourai Wallet said it was disabling several privacy-related features in its products due to notices from Google to block the wallet, according to a Jan. 7. blog post. Samourai, which has aimed to provide a Bitcoin-centric experience through adding enhanced anonymity options and removing references to fiat currency, confirmed it was removing three functions from its wallet in time for its latest update released Tuesday. “Again, we are sorry for this inconvenience, but our hands have been tied by Google,” the blog post reads, adding: “We hope to bring these features back somehow in the future in the Google Play Store release, and are dedicated to offering the full feature set experience via alternative distribution methods such as direct download and F-Droid in the coming months.” Google has continued mandating certain lev..
sponsored Struggling to find good recommendations for drinks, dinners and dancing? A blockchain startup is building a bot that scours the local area for hidden gems. Finding your way around a new city, or even discovering exciting things to do in areas you know well, is hard. Meanwhile, local economies have been struggling to prosper — with small businesses increasingly reliant on online behemoths such as Facebook and Google where users face information overload. A new blockchain-based startup believes the golden era for apps is over and says the public wants a more personalized experience when they are finding things to do. Rather than depend on potentially biased platforms, which often fail to capture the full breadth of nearby venues, Localflow says the future lies in conversational bots that can provide fast recommendations and a plethora of other services. For the typical user, Localflow means they can find the goods and services they want through the messaging apps they already..
Google users are keen to understand what Bitcoin actually is — more than anything else, data reveals. Google data shows ‘What is Bitcoin?’ was the most popular search question in the United States and United Kingdom for 2018, showing Bitcoin (BTC) has topped public consciousness online this year. Capping various achievements in search rankings over the past twelve months, Bitcoin’s latest price volatility saw interest in understanding it peak again following a period of price stability. ‘What is Bitcoin’ currently tops this year’s ‘What is…?’ search list, while the annual listings also include one other cryptocurrency-related entry. While Bitcoin has topped the list of ‘What is…,’ the major currency lost its rank on ‘How to…’ queries to the second top cryptocurrency, Ripple (XRP). During 2018, users were googling more on how to purchase XRP, with ‘How to buy Ripple’ making it to fourth place in Google’s ‘How to...’ list, while Bitcoin is currently ranked eighth. The increased populari..
Bitcoin scammers that recently hacked Google and Target verified accounts reportedly gained access via a third-party app authorized to post content. A recent Bitcoin scam on Twitter that compromised several major companies verified accounts came from a third-party app, tech news outlet the Next Web (TNW) reports Friday, Nov. 16, citing social media officials. Speaking to TNW, a Twitter spokesperson confirmed that the attack came from an outside software provider and not from Twitter’s own system. However, the official refrained from naming the app. The spokesperson reportedly explained that the attackers exploited a third-party marketing solution to launch a Bitcoin (BTC) giveaway from several verified accounts, including Google’s G Suite and major U.S. department store retailer Target. The information was implicitly confirmed by Target. Its representatives told TNW that the hackers used a third-party marketing app, authorized to post content on Target’s behalf. As Cointelegraph previ..
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