Are Crypto Wallets Safer Than Crypto Exchanges?

If you’re investing in cryptocurrencies, you actually need to be able to access your assets in order to trade them. To that end, you can either store your crypto on your computer in a wallet or use a cryptocurrency exchange....
January 19, 2023

Bitcoin Is Rallying: What Crypto Traders Should Know

Bitcoin, Ethereum, and other major cryptocurrencies seem to be bouncing back from the “crypto winter” bear market.  At the time of writing, 1 bitcoin (BTC) was valued at around $21,290, a dramatic increase from its recent low of $15,760 on...
January 18, 2023

What Are The Odds of Someone Getting The Same Bitcoin Seed Phrase?

Cryptocurrencies use seed phrases, also called recovery phrases, as a sort of master password. If you have the seed phrase, you can restore your crypto assets even if you’ve lost access to your wallet — so if your hard drive...
January 10, 2023

Can Someone Steal My Crypto with Just a Seed Phrase?

As leaders in cryptocurrency recovery, Datarecovery.com often receives questions about the security features of various wallets. While we don’t recommend a specific wallet — or a specific cryptocurrency — we’re happy to address some common misconceptions about the technology.  Recently,...
December 28, 2022

Will the Ethereum Merge Cause a Fork in the Blockchain?

For cryptocurrency enthusiasts, a hard fork is potentially exciting news — and the upcoming Ethereum Merge (also called Ethereum 2.0, or simply “the Merge”) could prompt one of the largest forks in recent memory. In September 2022, the Ethereum blockchain...
August 31, 2022

The Ethereum Merge is Coming: Here’s What You Should Know

The Ethereum network is expected to transition to a proof-of-stake (PoS) model in mid-September 2022, which could change the world of cryptocurrency in profound ways. For investors, these are exciting — and frightening — times.  Ethereum is the second-most popular...
August 26, 2022

Crypto Bridge Nomad Loses $200 Million in Alleged Hack

Nomad, a startup that allows users to trade cryptocurrency tokens between different blockchains, has acknowledged losses of nearly $200 million in crypto due to an apparent security vulnerability.  Crypto hacks certainly aren’t new, and blockchain bridges are frequent targets. In...
August 4, 2022

The Horizon Crypto Hack: How Blockchain Bridges Become Targets

Hackers have stolen approximately $100 million in various cryptocurrencies from Horizon, according to public statements from Horizon’s developers.1/ The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM. We have begun...
June 27, 2022

Can Brute Force Attacks Crack Bitcoin Private Keys?

In practical terms, brute force attacks are not a successful method for cracking Bitcoin private keys. Below, we’ll explain why (and how Datarecovery.com has helped Bitcoin holders restore access to their funds). A brute force attack attempts all possible combinations...
June 23, 2022

U.S. Senate Eyes Cryptocurrency Bill. Here’s What That Means for Investors.

The 2022 cryptocurrency market is a mixed bag — and depending on your perspective (or more likely, the size of your investments), the news hasn’t been positive through the first six months of the year. That may change soon. The...
June 10, 2022