Great one for coinbase users.
Coinbase released BSV in user accounts
Coinbase users claim your BSV Airdrop!
February 16, 2019
Following our recent Coinbase blog about their enormous $30,000 bug bounty, we are pleased to bring you more exciting news from the largest US-based cryptocurrency exchange.
Well here it comes! Finally you can withdraw bitcoin Satoshi vision (BSV) – the cryptocurrency created in a hard fork of the bitcoin cash blockchain on Nov. 15.
One of the biggest cryptocurrency exchanges in the world, Coinbase has recently submitted a $30k bounty on HackerOne for a fix to a serious problem that was found on its platform.
In a report posted on 13th February, Coinbase’s vulnerability was submitted on a disclosure program on the hacker-powered security consultancy company, HackerOne. When writing this, Coinbase claims that the problem has already been fixed but no other details were provided.
You can only assume that the issue would have been quite serious as the popular crypto exchange reacted very quickly to submit the bug hunt on HackerOne. Launched in 2014, Coinbase released its own Bug Bounty Program where it pays depending on the impact of the glitch found. The impact of a found issue has multiple measures going from $200 for low, $2,000 for medium, $15,000 for high and for a critical impact, the measure is $50,000.
It doesn’t matter who you are, you will be able to submit a report when finding a bug and once the bug report gets confirmation, it becomes eligible for bounty and the person who found the bug is awarded accordingly. The promises of blockchain technology claim to bring the security of the future, today but this doesn’t mean that it is safe from critical issues. Last year, Coinbase awarded a $10,000 bounty, this turn the award went to researchers who found the bug and made it possible to reward itself with all the Ethereum you could get.
Even so, Coinbase isn’t the only firm that has problems with its platform as this is an issue that could present itself throughout the ecosystem.
The popular cryptocurrency exchange Coinbase has launched a new feature for its stand-alone digital asset wallet. The software will offer users the ability to back up their private keys using either Google Drive or iCloud.
The idea is to give users of the Coinbase Wallet a safety net in the event that they lose access to the device upon which the software is installed or happen to misplace their private keys somehow. However, some in the cryptocurrency community have highlighted that the saving of private keys on cloud storage services could expose users’ funds to additional threats.
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