Coinbase Wallet to Unveil Cloud Backup

Now wallet users are able to keep their private keys in iCloud or Google Cloud
13 February 2019   369

The developers of Coinbase Wallet have added the option of saving user private keys to the Google Drive and iCloud cloud services.

Representatives of the American company are confident that the new option will help users of the Coinbase Wallet (formerly Toshi) to save funds in case of loss of the device or private keys.

Now, with cloud backup, we give you the ability to store an encrypted copy of your recovery phrase on your personal cloud account. You will only have to remember a password, that you decide, in order to recover your funds. If you lose your device or get signed out of the app, you can easily regain access to your funds with the combination of your personal cloud account (iCloud or Google Drive) and your password.
 

Siddharth Coelho-Prabhu

Coinbase

 The company claims that only a Coinbase user will have access to a password and funds.

Cryptopia to Provide New Info Regarding Compensations

The exchange isn't going to refund deposits, sent more than 24 hours after the security breach
25 March 2019   34

The New Zealand cryptocurrency exchange Cryptopia provided additional information regarding the procedure for paying compensation to users who suffered from a hacker attack in January.

According to today's announcement, users who have made deposits to their addresses more than 24 hours after the company reported the incident, that is, after 16/01/2019 12:00AM NZT , will not be able to claim payment in accordance with the previously announced plan.

The Exchange also draws attention to the fact that it currently does not have a specific deadline for returning assets to users to whom such payments are due. Cryptopia addresses are still not available for deposits, so users shouldn't try to transfer funds to them until further notice. After the renewal of deposits, clients of the exchange will need to regenerate the purse addresses for each of the supported cryptocurrencies.

As analysts noted, the funds withdrawal continued even after the official announcement and the start of a police investigation.