The Latest in IT Security

Bitcoin owners find safe place for digital currency: on paper

28
Feb
2014

By Noel Randewich and Julie Gordon SAN FRANCISCO/VANCOUVER (Reuters) – Some savvy bitcoin investors have a solution to cyber-thieves and instability shaking online exchanges: they print out their virtual savings and hide them in the real world. The shuttering this week of bitcoin exchange Mt. Gox and fears that hundreds of millions of dollars worth of the virtual currency have been lost or stolen are pushing investors to tighten their security. Enthusiasts around the world use online exchanges to conveniently buy and sell bitcoins but bitcoin savings can also be kept closer to home. Canadian mortgage broker and bitcoin enthusiast Chung Cheong writes out his secret number by hand and puts it in a safety deposit box.

Comments are closed.

Categories

TUESDAY, DECEMBER 11, 2018
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments

Social Networks