{"id":560869,"date":"2023-11-15T18:00:32","date_gmt":"2023-11-15T18:00:32","guid":{"rendered":"https:\/\/ktsl888.com\/?p=560869"},"modified":"2023-11-15T15:01:20","modified_gmt":"2023-11-15T15:01:20","slug":"i2016-bitcoin-wallet-could-be-problematic","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/","title":{"rendered":"If Your Bitcoin Wallet Is A Product Of The 2016 Technology, You Could Be In Trouble &#8211; Here&#8217;s Why"},"content":{"rendered":"<p id=\"isPasted\">Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on the unsuspecting.<\/p>\n<p>In the fast-paced realm of cryptocurrency, your digital fortress could be nothing more than a relic of the past, leaving you vulnerable to the merciless winds of technological evolution.<\/p>\n<p>Recently, cryptocurrency startup Unciphered revealed <a href=\"https:\/\/www.unciphered.com\/randstorm\" target=\"_blank\" rel=\"noopener nofollow\">a potential security threat<\/a> to Bitcoin wallets created prior to 2016.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/celestia-strikes-how-this-lesser-known-coin-went-berserk-with-126-price-explosion\/\" target=\"_blank\" rel=\"noopener \">Celestia Strikes: How This Lesser-Known Coin Went Berserk With 126% Price Explosion<\/a><\/div>\n<p>Known as &#8220;Randstorm,&#8221; this software flaw encompasses a combination of bugs, architectural choices, and API (Application Programming Interface) modifications that heighten the vulnerability of Bitcoin wallets crafted between 2011 and 2015.<\/p>\n<p>The genesis of this issue dates back to last year when Unciphered was assisting a customer who found themselves locked out of a Bitcoin wallet originally created on what is now recognized as Blockchain.com.<\/p>\n<div class=\"group w-full text-token-text-primary border-b border-black\/10 gizmo:border-0 dark:border-gray-900\/50 gizmo:dark:border-0 bg-gray-50 gizmo:bg-transparent dark:bg-[#444654] gizmo:dark:bg-transparent\" data-testid=\"conversation-turn-7\">\n<div class=\"p-4 gizmo:py-2 justify-center text-base md:gap-6 md:py-6 m-auto\">\n<div class=\"flex flex-1 gap-4 text-base mx-auto md:gap-6 gizmo:gap-3 gizmo:md:px-5 gizmo:lg:px-1 gizmo:xl:px-5 md:max-w-2xl lg:max-w-[38rem] gizmo:md:max-w-3xl gizmo:lg:max-w-[40rem] gizmo:xl:max-w-[48rem] xl:max-w-3xl }\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gizmo:w-full lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full gap-3 gizmo:gap-0\">\n<div class=\"min-h-[20px] text-message peer flex flex-col items-start gap-3 whitespace-pre-wrap break-words peer-[.text-message]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"35c3f53d-77d7-4b54-8bfa-3efa1e7ea067\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<h2><strong>Unveiling The Risks: The Potential Perils Lurking In A 2016-era Bitcoin Wallet<\/strong><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>During the investigation to recover the wallet, <a href=\"https:\/\/us.yahoo.com\/news\/bitcoin-wallets-made-2016-facing-023009325.html\" target=\"_blank\" rel=\"noopener nofollow\">Unciphered stumbled upon a critical flaw<\/a> in wallets generated by BitcoinJS between 2011 and 2015.<\/p>\n<p>Unciphered, in its report on Tuesday, highlighted the significance of this flaw, suggesting that it may have impacted approximately 1.4 million Bitcoin.<\/p>\n<p>This means, that if 3 to 5 percent of these wallets were affected, the potential value of the at-risk coins could range from $1.2 to $2.1 billion.<\/p>\n<p>Eric Michaud, co-founder of Unciphered, stated that BitcoinJS was severely flawed until March 2014, and anyone using it directly faces a significantly high risk of being attacked.<\/p>\n<p>Unciphered has dedicated several months to notifying a substantial number of individuals, over one million, on the vulnerability of their wallets.<\/p>\n<h2><strong>The Dangers Of Holding Wallets On Obsolete Crypto Platforms<\/strong><\/h2>\n<p>A significant number of individuals remain uninformed due to their possession of wallets constructed on defunct digital currency platforms.<\/p>\n<p>Unciphered clarified that finding vulnerabilities doesn&#8217;t imply that Bitcoin or technology, in general, is fundamentally flawed. Instead, it reveals a chain of programming errors that occurred across various technologies from 2011 to 2015.<\/p>\n<p>There are serious problems in a lot of the wallet code, Unciphered has discovered, and the companies who employed that technology may vanish.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/2eD8AYtA\/\" width=\"2475\" height=\"1179\"><\/p>\n<pre style=\"text-align: center\">Bitcoin slightly above the $36K level today. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p>Despite that, though, it serves as a stark reminder that open-source projects that little to no one oversees lie beneath software infrastructure of all types, even those specifically aimed at raising capital.<\/p>\n<p>Michaud asserted that imperfections within every human-made technology stem from its creators.<\/p>\n<blockquote>\n<h4>\u201cEvery man-made technology contains flaws that originate within its creators,\u201d he said.<\/h4>\n<\/blockquote>\n<p>The wallets&#8217; software developer, Stefan Thomas, told <a href=\"https:\/\/www.washingtonpost.com\/technology\/2023\/11\/14\/bitcoin-wallet-passcode-flaw\/\" target=\"_blank\" rel=\"noopener nofollow\">The Washington Post<\/a> that he created the wallets as a pastime. He said that without checking the program&#8217;s validity, he had stolen a significant portion of the code from a page belonging to a Stanford University student.<\/p>\n<blockquote>\n<h4><strong>\u201cInstead, I was obsessed about making sure that I didn\u2019t make any mistakes in my own code [&#8230;] I\u2019m sorry to anyone affected by this bug,\u201d he added.<\/strong><\/h4>\n<\/blockquote>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-560884 size-medium\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-96.png?w=460&#038;resize=460%2C312\" alt=\"\" width=\"460\" height=\"312\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-96.png?w=667 667w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-96.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\">Source: Unciphered<\/pre>\n<p>In layman&#8217;s words, Unciphered called the vulnerability &#8220;Randstorm&#8221; since wallet software that produced cryptographic keys wasn&#8217;t sufficiently random was the source of it.<\/p>\n<p>They produced electronic keys with a randomness factor that was easier to hack, only one in a specific number of thousands, as opposed to ones that were incredibly unique and hard for someone else to copy (like one in a trillion odds).<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/ethereums-breach-of-2000-draws-major-players\/\" target=\"_blank\" rel=\"noopener \">Red Hot Ethereum: Breach Of $2,000 Draws Major Players Into the Fray<\/a><\/div>\n<h3><strong>Navigating Cryptocurrency&#8217;s Hostile Landscape<\/strong><\/h3>\n<p>Security expert Dan Guido said that the world of cryptocurrency is quite unfriendly. It&#8217;s filled with individuals attempting to undermine what you&#8217;re constructing, whether through hacking attempts, regulatory challenges, or others keen on causing harm to Bitcoin.<\/p>\n<blockquote>\n<h4>\u201cCrypto is a pretty hostile place, to be honest, full of people attacking what you\u2019re building,&#8221; he said.<\/h4>\n<\/blockquote>\n<p>As the curtains draw on the unsettling revelation of the &#8220;Randstorm&#8221; vulnerability, it&#8217;s a stark wake-up call for those still tethered to Bitcoin wallets from the pre-2016 era.<\/p>\n<p>The ominous specter of technological evolution looms large, and the recent expos\u00e9 by Unciphered sheds light on the potential peril faced by those oblivious to the vulnerabilities embedded in their outdated digital fortresses.<\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em>Featured image from WJHG<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on the unsuspecting. In the fast-paced realm of cryptocurrency, your digital fortress could be nothing more than a relic of the past, leaving you vulnerable to the merciless winds of technological evolution. Recently, cryptocurrency startup Unciphered revealed a potential security threat to Bitcoin wallets created prior to 2016. Related Reading: Celestia Strikes: How This Lesser-Known Coin Went Berserk With 126% Price Explosion Known as &#8220;Randstorm,&#8221; this software flaw encompasses a combination of bugs, architectural choices, and API (Application Programming Interface) modifications that heighten the vulnerability of Bitcoin wallets crafted between 2011 and 2015. The genesis of this issue dates back to last year when Unciphered was assisting a customer who found themselves locked out of a Bitcoin wallet originally created on what is now recognized as Blockchain.com. Unveiling The Risks: The Potential Perils Lurking In A 2016-era Bitcoin Wallet During the investigation to recover the wallet, Unciphered stumbled upon a critical flaw in wallets generated by BitcoinJS between 2011 and 2015. Unciphered, in its report on Tuesday, highlighted the significance of this flaw, suggesting that it may have impacted approximately 1.4 million Bitcoin. This means, that if 3 to 5 percent of these wallets were affected, the potential value of the at-risk coins could range from $1.2 to $2.1 billion. Eric Michaud, co-founder of Unciphered, stated that BitcoinJS was severely flawed until March 2014, and anyone using it directly faces a significantly high risk of being attacked. Unciphered has dedicated several months to notifying a substantial number of individuals, over one million, on the vulnerability of their wallets. The Dangers Of Holding Wallets On Obsolete Crypto Platforms A significant number of individuals remain uninformed due to their possession of wallets constructed on defunct digital currency platforms. Unciphered clarified that finding vulnerabilities doesn&#8217;t imply that Bitcoin or technology, in general, is fundamentally flawed. Instead, it reveals a chain of programming errors that occurred across various technologies from 2011 to 2015. There are serious problems in a lot of the wallet code, Unciphered has discovered, and the companies who employed that technology may vanish. Bitcoin slightly above the $36K level today. Chart: TradingView.com Despite that, though, it serves as a stark reminder that open-source projects that little to no one oversees lie beneath software infrastructure of all types, even those specifically aimed at raising capital. Michaud asserted that imperfections within every human-made technology stem from its creators. \u201cEvery man-made technology contains flaws that originate within its creators,\u201d he said. The wallets&#8217; software developer, Stefan Thomas, told The Washington Post that he created the wallets as a pastime. He said that without checking the program&#8217;s validity, he had stolen a significant portion of the code from a page belonging to a Stanford University student. \u201cInstead, I was obsessed about making sure that I didn\u2019t make any mistakes in my own code [&#8230;] I\u2019m sorry to anyone affected by this bug,\u201d he added. Source: Unciphered In layman&#8217;s words, Unciphered called the vulnerability &#8220;Randstorm&#8221; since wallet software that produced cryptographic keys wasn&#8217;t sufficiently random was the source of it. They produced electronic keys with a randomness factor that was easier to hack, only one in a specific number of thousands, as opposed to ones that were incredibly unique and hard for someone else to copy (like one in a trillion odds). Related Reading: Red Hot Ethereum: Breach Of $2,000 Draws Major Players Into the Fray Navigating Cryptocurrency&#8217;s Hostile Landscape Security expert Dan Guido said that the world of cryptocurrency is quite unfriendly. It&#8217;s filled with individuals attempting to undermine what you&#8217;re constructing, whether through hacking attempts, regulatory challenges, or others keen on causing harm to Bitcoin. \u201cCrypto is a pretty hostile place, to be honest, full of people attacking what you\u2019re building,&#8221; he said. As the curtains draw on the unsettling revelation of the &#8220;Randstorm&#8221; vulnerability, it&#8217;s a stark wake-up call for those still tethered to Bitcoin wallets from the pre-2016 era. The ominous specter of technological evolution looms large, and the recent expos\u00e9 by Unciphered sheds light on the potential peril faced by those oblivious to the vulnerabilities embedded in their outdated digital fortresses. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from WJHG<\/p>\n","protected":false},"author":557,"featured_media":560876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[793,1119,12931,1742],"class_list":["post-560869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-wallet","tag-btc","tag-crypto-wallet","tag-digital-currency"],"acf":[],"yoast_head":"\n<title>If Your Bitcoin Wallet Is A Product Of The 2016 Technology?<\/title>\n<meta name=\"description\" content=\"Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If Your Bitcoin Wallet Is A Product Of The 2016 Technology?\" \/>\n<meta property=\"og:description\" content=\"Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-15T18:00:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-15T15:01:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518\" \/>\n\t<meta property=\"og:image:width\" content=\"932\" \/>\n\t<meta property=\"og:image:height\" content=\"518\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"If Your Bitcoin Wallet Is A Product Of The 2016 Technology, You Could Be In Trouble &#8211; Here&#8217;s Why\",\"datePublished\":\"2023-11-15T18:00:32+00:00\",\"dateModified\":\"2023-11-15T15:01:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/\"},\"wordCount\":735,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518\",\"keywords\":[\"bitcoin wallet\",\"btc\",\"crypto wallet\",\"digital currency\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/\",\"url\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/\",\"name\":\"If Your Bitcoin Wallet Is A Product Of The 2016 Technology?\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518\",\"datePublished\":\"2023-11-15T18:00:32+00:00\",\"dateModified\":\"2023-11-15T15:01:20+00:00\",\"description\":\"Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518\",\"width\":932,\"height\":518,\"caption\":\"bitcoin wallet\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"If Your Bitcoin Wallet Is A Product Of The 2016 Technology, You Could Be In Trouble &#8211; Here&#8217;s Why\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/ktsl888.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"If Your Bitcoin Wallet Is A Product Of The 2016 Technology?","description":"Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/","og_locale":"en_US","og_type":"article","og_title":"If Your Bitcoin Wallet Is A Product Of The 2016 Technology?","og_description":"Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on","og_url":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-11-15T18:00:32+00:00","article_modified_time":"2023-11-15T15:01:20+00:00","og_image":[{"width":932,"height":518,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518","type":"image\/png"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/"},"author":{"name":"Christian Encila","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"If Your Bitcoin Wallet Is A Product Of The 2016 Technology, You Could Be In Trouble &#8211; Here&#8217;s Why","datePublished":"2023-11-15T18:00:32+00:00","dateModified":"2023-11-15T15:01:20+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/"},"wordCount":735,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518","keywords":["bitcoin wallet","btc","crypto wallet","digital currency"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/","url":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/","name":"If Your Bitcoin Wallet Is A Product Of The 2016 Technology?","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518","datePublished":"2023-11-15T18:00:32+00:00","dateModified":"2023-11-15T15:01:20+00:00","description":"Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518","width":932,"height":518,"caption":"bitcoin wallet"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"If Your Bitcoin Wallet Is A Product Of The 2016 Technology, You Could Be In Trouble &#8211; Here&#8217;s Why"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"If Your Bitcoin Wallet Is A Product Of The 2016 Technology, You Could Be In Trouble &#8211; Here&#8217;s Why","url":"http:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/i2016-bitcoin-wallet-could-be-problematic\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin wallet","btc","crypto wallet","digital currency"],"dateCreated":"2023-11-15T18:00:32Z","datePublished":"2023-11-15T18:00:32Z","dateModified":"2023-11-15T18:00:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"If Your Bitcoin Wallet Is A Product Of The 2016 Technology, You Could Be In Trouble &#8211; Here&#8217;s Why\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/i2016-bitcoin-wallet-could-be-problematic\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/i2016-bitcoin-wallet-could-be-problematic\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/a-95.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/a-95.png?fit=932%2C518\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin wallet\",\"btc\",\"crypto wallet\",\"digital currency\"],\"dateCreated\":\"2023-11-15T18:00:32Z\",\"datePublished\":\"2023-11-15T18:00:32Z\",\"dateModified\":\"2023-11-15T18:00:32Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-95.png?fit=932%2C518","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/560869"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=560869"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/560869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/560876"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=560869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=560869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=560869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}