Bitcoin.com Wallet Adds Support For Multisig (Shared) Wallets

The Bitcoin.com Team is excited to announce support for shared (multisig) wallets for Bitcoin and Bitcoin Cash in the Bitcoin.com Wallet. That means you can protect your most valuable wallets with a unique form of two-factor authentication, set up a corporate treasury, safely introduce your kids to Bitcoin, and more. What Are Shared Wallets? Standard … Read more

Poly Network Says Stolen User Assets on ETH Have Been Returned, Except Frozen USDT

On Friday, a few days after the initial hack for $611 million, the Poly Network project detailed that the company has obtained all the assets stolen minus the frozen tether that was blacklisted by Tether Limited. The Poly Network team said they are in control of the funds along with “Mr. White Hat,” but the … Read more

Poly Network Hacker Says ‘In the Defi World Code Is Law’ While Returning Millions in Defi Tokens

Two days after the notorious Poly Network hack, the hacker continues to send funds back to the project. On August 12, the Poly Network hacker so far has returned millions worth of ether, thousands of uni tokens, 1,032 wrapped bitcoins, and 96 million in stablecoins. The day prior, after returning $260 million in tokens, the … Read more

Poly Network Defi Hacker Returns a Large Fraction of Tokens, Chainalysis Evaluates Hacker’s Onchain Movements

On August 11, the blockchain intelligence firm Chainalysis published its findings on the recent Poly Network hack which saw the loss of approximately $611 million crypto tokens. The assessment from Chainalysis backed up the claims made by the security company called Slowmist that shows the hacker left a fingerprint on the relatively unknown exchange Hoo.com. … Read more

Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Frozen Tether Stash

On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021’s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network team as the project’s official … Read more

Guarda Wallet Launches Multisignature Functionality for Bitcoin

Guarda​ has recently become the first multi-currency crypto wallet to offer support for Multisignature. Multisignature (also known as Multisig) wallets make it possible for two or more users to have access to the funds. The post Guarda Wallet Launches Multisignature Functionality for Bitcoin appeared first on Bitcoin News. Go to Source Powered by WPeMatico

How to Use Multisig to Keep Your Coins Ultra-Safe

Multi-signature, or multisig, is a wallet configuration that requires at least two keys to authorize a transaction. Commonly used by cryptocurrency exchanges to ensure funds can’t be moved by a rogue employee, multisig also has applications for end-users. If you’re seeking to enhance the security of your noncustodial bitcoin wallet, multi-signature might be the answer. … Read more

Coinbase Shuts Down Multisig Vault Service

Coinbase is still one of the biggest cryptocurrency exchanges in the world. As such, any decision made by the company will be scrutinized. It now seems the company will remove multisig vault support in the next few weeks. It’s a rather controversial decision, although it also makes a lot of sense. Coinbase Doesn’t Want Unprofitable … Read more

Coinbase to Remove Support for Multisig Vaults Within a Month

Coinbase is removing its support for an advanced security feature that it was not advantageous for the company to maintain. Multisig vaults were originally introduced as a way for customers to manage their private keys and control their own security while still using the same Coinbase interface. Also Read: Survey Says 8% of the American … Read more