Bitcoin Future: electrum mail shield security

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Recently, the slow fog security team received information that a professional black production team for exchange users to carry out large-scale mail bulk phishing attacks. Analysis by the Slow Fog Security team found that the attackers had given download links to macOS/Windows systems, and that the file would be followed by a series of malicious actions, such as uploading local system user information and stealing sensitive information from the Electrum wallet.

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Hackers launched a denial-of-service (DoS) attack on a well-known wallet Electrum server, according to Johnwick.io. Hackers used botnets of more than 140,000 computers to attack Electrum nodes and simultaneously deployed malicious nodes. When a user connects to these malicious nodes and sends a transaction using an older version of Electrum, the user is prompted to update the Backdoor Client. If the user installs the client as prompted, the private key is stolen and all digital assets are lost. Millions of dollars of digital currency have been stolen, according to Electrum officials. De-dimensional Security Labs recommends that users of electrum wallets be updated to the latest version of the client through the official website and never use the link in the prompt message.

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Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on Electrum servers, which presents some security and privacy trade-offs. If you use electrum personal servers, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.

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On June 15th it was announced that media giant Cond? Nastt was testing Coil, a digital payment platform, to support content creators with cryptocurrencies. Currently, Wired, a publication owned by Cond?Nastt, has started to use the Coil platform, while other publications owned by Cond?Nastt, including Vogue, Epicurious, Glamour, Self, Pitchfork, GQ Style and Thiem, have started using the Coil platform. (The Daily Hodl)

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Ho has always expressed her view at 31 degrees north latitude that the head advantage will become more obvious in the future, but there will be no absolute monopoly, there will be some long tails. These long tails include "currency" (currency of funds) excluded from the mainstream market

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Bank of New York Mellon is exploring plans for a cold storage service, according to people familiar with the matter. Cold storage is a way to keep encrypted asset keys offline and effectively prevent hackers. Compared to hot storage connected to the Internet, cold storage reduces transaction processing speed and asset risk.

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Bitcoin desktop wallet client Electrum has released a 4.0 beta version, adding several important updates, including support for the Lightning network, nearly a year after the previous version of Electrum, 3.3.8 (last July). In the 4.0 beta version, Electrum mainly added features such as PSBT (partially signed Bitcoin transactions), Lightning Network, watchtowers (暸 watchtowers) and Submarineswaps (subliminal switching). (Github)

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Although we recommend that individual users set up their own Electrum server, you can also use the official Blockstream Electrum server if you prefer, and the table below contains details of the connection. The server operates on the same principle as Blockstream Explorer: no logs, no traceability, and Tor support.

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If you haven't set up Electrum Wallet to be compatible with your phone wallet, you can use the private key to recover the Electrum wallet on your web wallet. Select Wallet - "Private Key" - "Export" on the Electrum wallet and you will export the file qtum-electrum-private-keys.csv or copy only one private key. Select Recover from WIF on your web wallet, paste the private key, and select Confirm. Check that the wallet address is correct. You may need to use Dump as a Key File to save the key file.