Crypto Currency

The Top 10 Tools for Managing your Crypto Wallet

Buying and Selling Cryptocurrency is relatively straightforward, there are a huge number of guides available online which make the process…

Buying and Selling Cryptocurrency is relatively straightforward, there are a huge number of guides available online which make the process very clear. However, storing and managing your crypto wallet can be a lot more confusing.

Whilst Crypto is stored in a wallet, there are many different types of wallet available all with different features and levels of functionality.

The vast majority of holders of Crypto use ‘hot’ wallets which are software programs which are connected to the internet at all times. They are the most readily available and the easiest to set up. This is especially true of those new to the Crypto market.

This article aims to provide the majority with some insight into the top tools available to help manage Cryptocurrency.

Here we go!

Increase Security

One of the most useful tools for managing your Crypto, especially if you are new to the market is a ‘cold’ wallet, one that it is not connected to the internet.

Currently, the most widely used and tested ones are –

Ledger Nano S

This is a smooth, strong, safe and affordable hardware wallet and one of the most competitively priced. Widely used, it is a multicurrency wallet integrated into a smartcard device.

It is very light and easy to use. To use it you simply connect it to a USB port and you are ready to go. It works on any computer, regardless of the operating system.

TREZOR

One of the best-known hardware wallets. It supports the major Cryptos so would work well as a Bitcoin Wallet or an Ethereum Wallet. There is full support for Windows (version 7 and higher), OS X (version 10.8 and higher) and Linux.

You can also use your TREZOR with Android devices which have USB On-The-Go. Trezor is considered to be one of the most secure ‘cold’ Crypto wallets available on the market today with complex security.

KeepKey

KeepKey works with the wallet software on your computer by taking over the management of private key generation, private key storage, and transaction signing. KeepKey generates a private key using its hardware-based random number generator, combined with randomness provided by your computer.

Once your private key is generated, you are given the one-time opportunity to write down a backup of your KeepKey in the form of a twelve-word recovery sentence. This is one of the simplest wallets to use an is widely available in major online retailers.

Archos

This well established French company with many years’ experience also recently launched a hardware wallet. Many of the features to be found on popular hardware wallets such as the Ledger Nano are replicated here, including the ability to generate a private key and support for a range of currencies.

Bitcoin, bitcoin cash, ethereum, litecoin, and zcash will all be supported, with more to be added. The device can also be used to add an additional layer of security to other third-party wallets.

Manage Your Portfolio

CryptoCompare

If you are one of the many people that hold Crypto across multiple wallets, then this may be the tool for you.

This is an excellent mobile app that aims to assist you to manage your portfolio of Cryptos across multiple wallets. With this app, you not only enter what your holdings are but where they are stored. This may seem like an unusual feature but, it is an excellent one.

It allows you to monitor how much Crypto you have stored in ‘hot’ wallets giving you the opportunity to move them into a ‘cold’ wallet for greater security. This can be an important thing to monitor given how rapidly Crypto values can change.

CoinTracker

This is a platform which you can also use to track your crypto across all exchanges and wallets. CoinTracker automates this process. You start by connecting it to every exchange you use (once it’s supported by the software) and can also add the public address to any wallet that holds Bitcoin, Ethereum, Litecoin, and Dogecoin.

It will automatically read the balance and update it in your portfolio. A useful tool to manage your Bitcoin wallet and Ethereum wallet in particular as these can contain very high values depending on when you entered the market!

Increase Trading Speed

SikurPhone

If you use a ‘cold’ wallet then you are aware of the disadvantages. You may not have it with you when markets change especially when you want to dispose of some Crypto quickly, or even buy more. The potential solution here is SikurPhone.

This is a very high security mobile phone with a built in Cryptocurrency wallet which can be used as a Bitcoin wallet or Ethereum wallet for example.

Don’t get caught out by the markets through your use of a ‘cold’ wallet. Take your wallet with you in this device which also functions as a mobile phone. Far more natural to carry around with you than bringing another hardware wallet that you need a computer to use!

Eidoo

Again this app adds functionality to the traditional wallet and increases trading speed. The app works by creating a mobile app that serves as a multicurrency digital wallet for Bitcoin, Ethereum, and all ERC20 tokens.

Additionally, Eidoo functions as a hybrid exchange, allowing users to sell, buy, spend and convert cryptocurrencies on one platform.

Once users download the Eidoo mobile app, they can secure all their multi-asset accounts and addresses, as well as their signing keys. Eidoo simplifies and protects wallets by allowing users to access their cryptocurrencies in one place with one password, which is comprised of 12 words.

In case of emergency, Eidoo also offers a “recovery tool” designed to provide users with their tokens in a simple manner.

A very cool app and an interesting one to watch from this Swiss start up.

Reduce the number of wallets you need

Whilst you can increase trading speed and security one of the best tools to use is a multicurrency wallet that reduces the number of wallets you need to hold. You can try these two to start.

Exodus

Exodus is designed for people who have never used an exchange. It is really simple to use and particularly good for those trading Bitcoin or Ethereum.

Exodus currently supports Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum, Ethereum Classic, Litecoin and unusually Decred.

Jaxx

Very popular Jaxx was first developed in 2014 and serves not only as a Bitcoin wallet but an app which can store multiple cryptocurrencies such as Litecoin, Dash, Ethereum and Bitcoin Cash.

Ripple is not currently supported but the Jaxx team have hinted they may support this feature in the future.

 

That’s it!

Clearly, there are a huge number of tools out there to help you to manage your Cryptocurrency wallet. Hopefully, this article has given you a good place to start!

 

 

Crypto Currency

‘Fortnite’ vulnerability put millions of accounts at risk

It turns out that for the millions of people playing Fortnite, there was more than just a Victory Royale at stake.  On Jan. 16, internet security firm Check Point Research disclosed a vulnerability in the popular online video game that could have allowed malicious actors to take over practically any Fortnite account — all a…


It turns out that for the millions of people playingFortnite, there was more than just a Victory Royale at stake. 

On Jan. 16, internet security firm Check Point Research disclosed a vulnerability in the popular online video game that could have allowed malicious actors to take over practically anyFortniteaccount — all a player had to do was click a malicious link. 

“By discovering a vulnerability found in some of [Fortnite owner] Epic Games’ sub-domains, an XSS attack was permissible with the user merely needing to click on a link sent to them by the attacker,” explains the report. “Once clicked, with no need even for them to enter any login credentials, their Fortnite username and password could immediately be captured [by] the attacker.”

Epic Games confirmed the now-patc

Read More

Continue Reading
Crypto Currency

The sad story of a lonely alleged SIM swapper who stole millions

You probably shouldn’t feel sorry for Nicholas Truglia. It’s just that his story is so pathetic. The 21-year old Manhattan resident was arrested last November and extradited to California in December. There, he’d face 21 felony counts relating to accusations of SIM swapping his way to a million dollars worth of stolen cryptocurrency. While Truglia’s…


You probably shouldn’t feel sorry for Nicholas Truglia. It’s just that his story is so pathetic.

The 21-year old Manhattan resident was arrested last November and extradited to California in December. There, he’d face 21 felony counts relating to accusations of SIM swapping his way to a million dollars worth of stolen cryptocurrency. While Truglia’s fate remains unclear, details of his life leading up to the arrest have begun to emerge thanks to a lawsuit filled by a separate alleged victim, and oh man is it a wild ride. 

As Krebs on Security reports, a lawsuit filed by Michael Terpin — a cryptocurrency investor and self-described “thought leader” — against Truglia claims he lost over $23 million after Truglia SIM swapped him and drained his crypto accounts in January of 2018. That document, and a supporting affidavit by one of Truglia’s former friends, tells the story of a cash-flush young man who saw himself as untouchable. 

And, perhaps unsurprisingly, they also paint Truglia as kind of an asshole. 

The now-deleted Twitter profile pic of @erupts, the account allegedly once belonging to Truglia.

The now-deleted Twitter profile pic of @erupts, the account allegedly once belonging to Truglia.

Image: twitter / waybackmachine

“Nick likened himself to Robin Hood who robs from the rich but did not give to the poor,” explained Chris David, former associate of Truglia’s, in the aforementioned affidavit. 

Instead, the documents paint a picture of someone who delighted in giving to himself — in the form of a Rolex, a $6,000-a-month apartment, and a $100,000 stack of cash he kept on his credenza. But that clearly wasn’t enough for him.

According to David, Truglia operated the now-suspended Twitter account @erupts, where he lamented that his wealth didn’t bring him friends, and even bra

Read More

Continue Reading
Crypto Currency

Ethereum is about to get a big upgrade. Here’s what you need to know.

Ethereum, the third-largest cryptocurrency by market cap and the most popular platform for decentralized applications (dApps), is getting an upgrade on (roughly) Jan. 16.  The upgrade is called Constantinople and it makes the Ethereum network a bit more efficient, paving the way for bigger changes further ahead. It also brings some important changes for miners…


Ethereum, the third-largest cryptocurrency by market cap and the most popular platform for decentralized applications (dApps), is getting an upgrade on (roughly) Jan. 16. 

The upgrade is called Constantinople and it makes the Ethereum network a bit more efficient, paving the way for bigger changes further ahead. It also brings some important changes for miners on the network. 

Here’s an overview of what, exactly, is happening, and the steps owners of ether should undertake ahead of the fork. 

The answer to the second question is really easy: There’s no need to do anything. The upcoming upgrade, while technically a fork, will very likely be non-contentious, meaning there’s no disagreement on whether it should happen. This means Ethereum won’t split into two separate coins next Wednesday. If everything goes well — and chances are good that it will — your ether holdings will be exactly the same before and after the fork, regardless of whether your ether is located on a private wallet or an exchange. 

And no, ether holders will not be getting a new coin; if you see info about it anywhere, it’s either a scam or a mostly-irrelevant project that’s just trying to get some attention out of the confusion that surrounds every cryptocurrency fork (which is why I’m primarily calling Constantinople an upgrade and not a fork). 

Ethereum node operators and miners will have to update their software ahead of the upgrade; the links can be found here. 

Note that the January 16th date for the upgrade is approximate. The upgrade should happen when block 7,080,000 on the Ethereum blockchain is mined, which is currently approximately Wednesday, Jan, 16, 8pm UTC, but the exact time will shift a little as new blocks aren’t always found in the same amount of time. 

Paving the way for a faster future

With that out of the way, there are still a few things you should know about this upgrade. 

Constantinople consists of five Ethereum Improvement Proposals (EIPs), which are documents explaining a new feature or change in Ethereum’s code. Explaining them in detail might

Read More

Continue Reading
Crypto Currency

Attack on Ethereum Classic Highlights a Crypto Weakness

bitcoin is that you don't need to trust the people to whom you send or receive money, because the software makes it technically impossible for anyone to cheat the system. Instead of relying on humans and their flawed judgment, you rely on the laws of mathematics. But a recent attack on the cryptocurrency Ethereum Classic—not…


bitcoin is that you don’t need to trust the people to whom you send or receive money, because the software makes it technically impossible for anyone to cheat the system. Instead of relying on humans and their flawed judgment, you rely on the laws of mathematics. But a recent attack on the cryptocurrency Ethereum Classic—not to be confused with the original Ethereum project—shows once again how hard it is to remove human frailty from digital systems.

Like other cryptocurrencies, Ethereum Classic relies on a decentralized ledger known as a blockchain created and shared by the machines that process transactions on the network. This ledger ensures that no one can spend their virtual tokens twice. Unless, that is, someone could take over at least 51 percent of the machines in the network. That’s what appears to have happened last weekend.

Currency exchange Coinbase said Monday it had detected double spends on the Ethereum Classic platform on Saturday and that it had suspended transactions involving Ethereum Classic. Kraken, another exchange, followed suit with a similar announcement. Coinbase security engineer Mark Nesbitt wrote in a blog post that the company had spotted 12 instances of double spending Ethereum Classic tokens, involving a total value of about $1.1 million.1Ethereum Classic is not as popular as some other cryptocurrencies: It had a total market value of $553.5 million on Friday, according to CoinMarketCap; by comparison, ether, the currency created by the original Ethereum project, had a value of $16.3 billion, and bitcoin a value of $67.5 billion.

Nesbitt told WIRED that Coinbase is “very confident” that the d

Read More

Continue Reading