Know your customer (KYC) requirements are spreading fast. It may feel like there is no way to obtain bitcoin without undergoing a stringent identification process, but that’s not true. Bitcoin is a peer to peer system, meaning private interactions are always possible, if you know where to look.
If you’re already familiar with KYC/AML definitions and risks, feel free to jump ahead to the next section.
Fraud is a problem society has always had to put up with. From scribes lamenting low-quality building materials to Silicon Valley starlets raising investments for non-existent technologies, scammers constantly come up with new ways to deploy social engineering and misdirection to swindle individuals out of their savings. With crypto, the same old methods are repackaged to take advantage of digital, permissionless and irreversible transactions, allowing scammers to more effectively evade justice.
This article kicks off a new series of blogs focused on protecting the crypto community from scammers. Each will break down a different tactic used by fraudsters to rip…
A new version of Trezor Suite (21.9.2) and updated firmware for the Trezor Model T (2.4.2) and Trezor Model One (1.10.3) hardware wallets are now available. Launch Trezor Suite and follow the on-screen prompts to apply the updates.
These updates are recommended but are not essential to security unless you store Stellar on a Trezor Model One, in which case please update your firmware as soon as possible.
If you haven’t tried Trezor Suite yet, get it for free from https://suite.trezor.io.
Today Bitcoin set a historic milestone. Just over a year ago the hype of institutional investment from companies like Microstrategy was enough to send ripples throughout the community, as traditional institutions watched from the sidelines in disbelief. Today, it’s not just geeks, retail investors, small businesses or large institutions that use bitcoin — it’s an entire nation; the first of many.
El Salvador made a bold and difficult move, detaching from decades of dependence on the US dollar. …
Hardware wallets are the only thing you need to secure your Bitcoin, but that doesn’t mean they are a single point of failure should yours get lost, damaged or stolen. In this guide, we’ll cover how to make sure that a broken hardware wallet doesn’t spell the end of your hodl. Thanks to industry-wide backup standards which SatoshiLabs helped create, you should never need to fear losing your funds.
It is often said that Bitcoin is resistant to change. To a degree, that’s correct — Bitcoin developers are incredibly conservative when it comes to integrating protocol improvements — but it misses the bigger picture: Bitcoin embraces change, but only for the better.
In entering the role of a currency, something no technology has previously managed to do, Bitcoin must be bulletproof. There is no room for network downtime, buggy blocks, overflows or rounding errors. …
In the 1990s, Linus Torvalds turned his community software project Linux into the leading choice for global server infrastructure, paving the way for free and open source software (FOSS) in an industry used to large bankrolls from powerful corporations. In 2009, Satoshi Nakamoto took the next step with open-source money, a concept set to change the world to an even greater extent. Decentralized currency provides new incentives for engineers and creators and redistributes power among individuals.
As Apple rolls out surveillance technology to iPhones, technology approaches a crossroads. Only projects with a strong ethical mission will be principled enough to…
An update for Trezor Suite, version 21.8.1, is now available for both desktop and web apps. Big news this month is the option to enjoy Trezor Suite in Spanish, which you can take part in improving, alongside other refinements to user experience.
To install the update simply open the Trezor Suite desktop app and the autoupdater will guide you through the process.
Download Trezor Suite for free from suite.trezor.io and get started today.
Thanks to the effort of a dedicated contributor, FrankyFFV, Trezor Suite can now be used in Spanish, bringing us closer to the many Trezor users in Spain…
No government has the power to stop people from using technology. No matter how difficult a state might make it to access, if it is useful then there will always be citizens who bypass restrictions. This week, the United States government aims to pass the Bipartisan Infrastructure Package (BIF), a bill intended to rejuvenate the country’s infrastructure and, for some bizarre reason, incorporated a set of restrictions on the use of cryptocurrencies in order to support its funding.
Losing access to cryptocurrencies is a serious problem, as they can rarely be recovered. Luckily, there are many situations where it may not actually be so bad as you thought, especially if you use a hardware wallet to protect your keys and have your recovery seed safely backed up.
Below we’ll cover a few emergency situations that you might encounter and how to recover bitcoin or another cryptocurrency you may have lost access to.
There are two distinct groups of user which need to be considered: those who keep their keys in cold storage like a Trezor hardware wallet, and…