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Bitcoin wallet Bitfi withdraws 'unhackable' claim

Bitcoin wallet Bitfi withdraws 'unhackable' claim

Technology
Bitfi, a cryptocurrency wallet backed by anti-virus software entrepreneur John McAfee, has issued a statement saying it will no longer describe its service as "unhackable".The announcement followed the release of evidence by a group of security researchers showing the wallet being compromised.However, Mr McAfee maintains that the claim stands.Bitfi had offered a $ 250,000 (£190,000) reward to anyone who hacked the wallet.But it stated that the Bitcoin inside must be removed from the wallet - which was controversial among the cybersecurity community as often weaknesses are identified but not acted upon.The group claimed to have hacked the wallet once before but Bitfi and Mr McAfee refused to accept their evidence.They said it didn't qualify for the ...
Teenager hacks crypto-currency wallet

Teenager hacks crypto-currency wallet

Technology
A hardware wallet designed to store crypto-currencies, and touted by its manufacturer as tamper-proof, has been hacked by a British 15-year-old.Writing on his blog, Saleem Rashid said he had written code that gave him a back door into the Ledger Nano S, a $ 100 (£70) device that has sold millions around the world.It would allow a malicious attacker to drain the wallet of funds, he said.The firm behind the wallet said that it had issued a security fix.It is believed the flaw also affects another model - the Nano Blue - and a fix for that will not be available "for several weeks", the firm's chief security officer, Charles Guillemet told Quartz magazine.Crypto-currencies such as Bitcoin use an encryption method known as public key cryptography to protect funds. Users can spend the money stor
Here's what the Senate's tax bill means for your wallet

Here's what the Senate's tax bill means for your wallet

Finance
Households can expect to save an average of $ 1,200 in 2019 thanks to the Senate's proposed overhaul, but the largest tax cuts will go to the highest income earners.Those are the findings of the Tax Policy Center's new analysis of the "Tax Cuts and Jobs Act."In 2019, households across the board will save on taxes under the Senate's version of the bill. Those in the lowest quintile, with incomes below $ 25,000, would get an average tax cut of $ 40, while middle-income households earning between $ 50,000 and $ 87,000 would get an average tax cut of about $ 800, according to the Tax Policy Center.For the top 1 percent of households — those whose income exceeds $ 750,000 — taxes would fall by an average of $ 28,000, the Tax Policy Center found."On average, there's a slight tax cut in the earl