Coinbase users across the country and found thousands of customer complaints against the company. Forums are lighting up like a Christmas tree. Reddit is especially active.
It seems that accounts galore are being taken over suggesting credentials are copied probably from Coinbase’s user tables. Customer complains are festering away unanswered.
If you receive a warning over a leak etc., its advisable to replace your passwords. More than 75% of corporations have been broken into.
Hacking is an unfortunate reality today and corporations have learned the hard way that security can be difficult to master. Even cloud systems can be difficult to secure as Microsoft has struggle with a huge team of experts to discover loopholes and clean up ASAP.
Making the issue even worse, cryptocurrency transactions cannot be reversed, according to the FBI. Experts say once criminals access an account, funds can be drained in minutes. SIM swapping is very easily done and two factor security is defeated instantly.
Ethereum has been undergoing a hard fork, Over $230 million in ETH has been destroyed in 17 days. Ethereum miners are watching their Ether go up in smoke—just like the network intended. Bitcoin News reported that changes introduced by the London hard fork have resulted in more than $12,000 worth of ETH being destroyed every minute. The dashboard now indicates that 83,873 ETH has been burned to date. his is all working as planned. One of the changes that debuted with London was Ethereum Improvement Proposal (EIP) 1559. That proposal introduced a base fee that’s algorithmically determined for each transaction on the network, and instead of giving that fee to Ethereum miners, the network destroys the associated Ether.
No question that the desirability of bitcoin etc., is the ease that irreversible transactions can be done. It is even harder to trace transactions with exchanges galore all handling trades.
Chrome and Edge can both store passwords securely. The can also check for leaked tables and warn users about password reuse which leads to more security problems. I developed a password generator that can make longer passwords than Chrome and Edge suggest, The longer passwords are all the more unlikely to be hacking into. The site uses a 512-bit password to make sure no spammers can get into the site and make a mess.
I have also now created a new category for the bitcoin coverage. The gaming community and bitcoin are vehemently opposed.