The post UK’s New iCloud Backdoor Order Risks Mobile Wallet Keys appeared on BitcoinEthereumNews.com. Update (Oct. 3, at 2:00 pm UTC): This article has been updated to add commentary by Slava Demchuk, the CEO of blockchain forensics and cybersecurity firm AMLBot. The United Kingdom is again pressuring Apple to create a backdoor into its encrypted iCloud backup services, raising alarm among cybersecurity and crypto advocates. According to the Financial Times, the UK government has ordered Apple to allow access to encrypted iCloud backups of British users. The renewed request differs from previous demands in that it limits access to UK-based accounts, but critics argue that the change still poses serious risks. Many mobile wallets, including Coinbase Wallet, Uniswap Wallet, Zerion, Crypto.com DeFi Wallet and MetaMask, allow users to store encrypted private key backups in iCloud, potentially exposing users to attack due to the change. Despite the key backups being encrypted, accessing the files allows for so-called dictionary or brute-force attacks, where the attacker attempts all possible combinations to decrypt the file. Consequently, if an attacker manages to obtain the backup file, the security relies on the strength of the encryption password. The Electronic Frontier Foundation, a nonprofit dedicated to defending digital rights, said that “this is still an unsettling overreach that makes U.K. users less safe and less free. … As we’ve said time and time again, any backdoor built for the government puts everyone at greater risk of hacking, identity theft, and fraud.” Slava Demchuk, the CEO of blockchain forensics and cybersecurity firm AMLBot, told Cointelegraph that implementing the UK’s request “could be dangerous for ordinary users. “The number of threats and attackers will increase. It’s simple logic,“ Demchuk said. Related: Ethereum Foundation introduces ‘Privacy Stewards for Ethereum’ and roadmap The UK is at it again The UK Government made similar demands earlier this year, requiring blanket capability to view fully encrypted material, not… The post UK’s New iCloud Backdoor Order Risks Mobile Wallet Keys appeared on BitcoinEthereumNews.com. Update (Oct. 3, at 2:00 pm UTC): This article has been updated to add commentary by Slava Demchuk, the CEO of blockchain forensics and cybersecurity firm AMLBot. The United Kingdom is again pressuring Apple to create a backdoor into its encrypted iCloud backup services, raising alarm among cybersecurity and crypto advocates. According to the Financial Times, the UK government has ordered Apple to allow access to encrypted iCloud backups of British users. The renewed request differs from previous demands in that it limits access to UK-based accounts, but critics argue that the change still poses serious risks. Many mobile wallets, including Coinbase Wallet, Uniswap Wallet, Zerion, Crypto.com DeFi Wallet and MetaMask, allow users to store encrypted private key backups in iCloud, potentially exposing users to attack due to the change. Despite the key backups being encrypted, accessing the files allows for so-called dictionary or brute-force attacks, where the attacker attempts all possible combinations to decrypt the file. Consequently, if an attacker manages to obtain the backup file, the security relies on the strength of the encryption password. The Electronic Frontier Foundation, a nonprofit dedicated to defending digital rights, said that “this is still an unsettling overreach that makes U.K. users less safe and less free. … As we’ve said time and time again, any backdoor built for the government puts everyone at greater risk of hacking, identity theft, and fraud.” Slava Demchuk, the CEO of blockchain forensics and cybersecurity firm AMLBot, told Cointelegraph that implementing the UK’s request “could be dangerous for ordinary users. “The number of threats and attackers will increase. It’s simple logic,“ Demchuk said. Related: Ethereum Foundation introduces ‘Privacy Stewards for Ethereum’ and roadmap The UK is at it again The UK Government made similar demands earlier this year, requiring blanket capability to view fully encrypted material, not…

UK’s New iCloud Backdoor Order Risks Mobile Wallet Keys

Update (Oct. 3, at 2:00 pm UTC): This article has been updated to add commentary by Slava Demchuk, the CEO of blockchain forensics and cybersecurity firm AMLBot.

The United Kingdom is again pressuring Apple to create a backdoor into its encrypted iCloud backup services, raising alarm among cybersecurity and crypto advocates.

According to the Financial Times, the UK government has ordered Apple to allow access to encrypted iCloud backups of British users. The renewed request differs from previous demands in that it limits access to UK-based accounts, but critics argue that the change still poses serious risks.

Many mobile wallets, including Coinbase Wallet, Uniswap Wallet, Zerion, Crypto.com DeFi Wallet and MetaMask, allow users to store encrypted private key backups in iCloud, potentially exposing users to attack due to the change.

Despite the key backups being encrypted, accessing the files allows for so-called dictionary or brute-force attacks, where the attacker attempts all possible combinations to decrypt the file. Consequently, if an attacker manages to obtain the backup file, the security relies on the strength of the encryption password.

The Electronic Frontier Foundation, a nonprofit dedicated to defending digital rights, said that “this is still an unsettling overreach that makes U.K. users less safe and less free. … As we’ve said time and time again, any backdoor built for the government puts everyone at greater risk of hacking, identity theft, and fraud.”

Slava Demchuk, the CEO of blockchain forensics and cybersecurity firm AMLBot, told Cointelegraph that implementing the UK’s request “could be dangerous for ordinary users. “The number of threats and attackers will increase. It’s simple logic,“ Demchuk said.

Related: Ethereum Foundation introduces ‘Privacy Stewards for Ethereum’ and roadmap

The UK is at it again

The UK Government made similar demands earlier this year, requiring blanket capability to view fully encrypted material, not merely assistance in cracking a specific account. The Electronic Frontier Foundation said that demand utilizes a power known as a Technical Capability Notice (TCN) under the UK’s Investigatory Powers Act.

The TCN in question was first issued in January, forcing Apple to either create a backdoor or block its Advanced Data Protection feature — which turns on end-to-end encryption for iCloud — in the UK. A US intelligence chief claimed that the UK withdrew this request, but Advanced Data Protection remained unavailable for UK users.

Related: Ethereum core dev ‘safe and free’ after being detained in Turkey

Crypto roots in privacy activism

Bitcoin (BTC), and later the broader cryptocurrency industry, both owe their existence to early digital rights advocacy groups. Bitcoin was largely developed by so-called cypherpunks, a pro-cryptography group that famously opposed the US government’s classification of cryptography and prime numbers as munitions to control them.

Image of shirt classified as munitions under old US regulations. Source: Adam Back

This tradition continues today with activism carried on by the crypto community. Recently, Ethereum co-founder Vitalik Buterin criticized the European Union’s proposed “Chat Control” legislation, which would require client-side pre-encryption scanning of messages for illegal content.

Buterin highlighted that backdoors built for law enforcement are “inevitably hackable” and undermine everyone’s safety. The Electronics Frontiers Foundation also warned that the UK’s new requests make everyone less safe.

Magazine: Can privacy survive in US crypto policy after Roman Storm’s conviction?

Source: https://cointelegraph.com/news/uk-apple-icloud-backdoor-crypto-wallets?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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3 Tips to Stay Profitable Even in Crypto Bear Markets

3 Tips to Stay Profitable Even in Crypto Bear Markets

The post 3 Tips to Stay Profitable Even in Crypto Bear Markets appeared on BitcoinEthereumNews.com. For many investors, a bear market is the most demanding stress test of convictions and patience. Prices decline, sentiment hits bottom, and opportunities seem to disappear. But the history of highs and lows shows that the best crypto gains aren’t during the euphoric giddy-ups, but during the silent times when most have given up. The trick is learning to adjust strategies, preserve capital, and still identify growing opportunities when the market sentiment is down. Even though the recent months have been challenging for traders, there is still hope that one can accumulate wealth in the meantime, with upcoming projects like MAGACOIN FINANCE perhaps being an example of this. While there are no guarantees in the crypto market, here are three well-proven strategies to make investors profitable even during red markets. 1. Diversify Smartly Without Overstretching Diversification is a common investing strategy, but it must be approached carefully in the context of crypto. Too many investors spread their portfolios across dozens of tokens, then find themselves with exposure to coins that lose liquidity in bear markets and disappear altogether. Instead, one should be looking for a few good projects with sound fundamentals. Bitcoin and Ethereum continue to act as stable anchors due to their long-term compounding and deep liquidity. Initially, it might be advisable to have a few altcoins with established ecosystems, like Cardano or Solana, for a balanced portfolio without excessive risk. The idea isn’t to chase every pump, but to ride assets that won’t die and will do well at the start of any new cycle. At the same time, leaving space for carefully selected new ventures is where some of the life-altering returns are found. This is where presales and early-stage tokens can create asymmetric opportunities when big players just can’t. 2. Focus on Fundamentals, Not Noise In…
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BitcoinEthereumNews2025/10/04 14:13
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