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  • How to Recover a Lost Blockchain Wallet Password

    How to Recover a Lost Blockchain Wallet Password

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    There is no greater fear for cryptocurrency investors than one day forgetting the password to their blockchain wallets, seeing how their own money is right in their hands but still locked away forever from them. If this has happened to you, however, don’t lose hope. There are ways to recover a lost blockchain wallet password, as explained by a leading expert at wallet recovery with years of experience from KeychainX.

    Step by Step Guide for Recovering a Lost Blockchain Wallet Password

    Blockchain has over 76 million wallets created since its inception in 2011, and many users might have lost their passwords in the passing decade. But if Blockchain.com support will not help you recover your password, what other options do you have? Luckily, Robert Rhodin, the CEO of KeychainX and an expert in the field of wallet recovery, has written a complete step by step guide to help you with the process of recovering it yourself.

    Lost your blockchain wallet password?

    First, if you forget your password but remember what email you used for creating your wallet, you are able to request they send you all wallets ever created with that address. The link for that service as well as all the upcoming services and software tools you will need to download are all in the guide.

    If you are not able to remember the email there are several other options to recover the encrypted wallet. It is possible to use btc recover, an open source Bitcoin wallet password and seed recovery tool, to download the encrypted backup. In order to do this, you will need to install a number of python libraries and be a bit familiar with the command prompt as it has no graphical user interface. If you have a wallet.aes.json backup and do not remember the wallet ID, it is possible to import the wallet into a new Blockchain.com wallet.

    Finally, if you have created a second password on your wallet you would be able to use a “brute force” method to crack the password. For this you will need a GPU rig (with one or more NVIDIA or AMD video cards) which is able to try thousands of different passwords per second. In addition to owning GPU cards, you need to use a software tool like hashcat to run the password cracking for you.

    If you are still not able to find any password, you could use a bunch of different word lists repositories. Make sure you have plenty of memory space and bandwidth as many of these word lists are 10 to 30GB in size. As you can see, one will need some programming skills and relevant hardware to attempt a wallet recovery. Remember that if all this seems to much for you, there are professional services like KeychainX that will for a fee help you recover your lost Blockchain.com or Blockchain.info wallet.

    KeychainX Can Even Recover Blockchain Wallets With 15,17,19 or 21 Mnemonic Words

    If you are not yet familiar with KeychainX, it is a bitcoin wallet recovery service operating since 2017. The company recovered wallet keys for many clients from all over the world and you can see some of their raving reviews on Trustpilot where KeychainX has an almost perfect 4.9 ‘Excellent’ score. Read this recent article about how it unlocks different types of wallets and here about specifically recovering keys from Multibit Classic or Multibit HD.

    The service covers all kinds of situations such as recovering lost Bitcoin wallets from wallet.dat files, Dogecoin wallet passwords, blockchain second or first passwords, Android wallet or spending PIN, Ethereum from JSON files, and Ethereum presale wallets. KeychainX can even decrypt your blockchain.info 15,17,19 or 21 word mnemonic seed that is no longer supported by blockchain.com itself.

    A GPU rig hard at work

    KeychainX has shared a client success story that shows how it recovered an old blockchain.info wallet with more than a 12 words story mnemonic seed – something many people mistakenly think is impossible. The client only remembered 17 words out of his mnemonic seed which was used to backup the wallet, and the team had to use a combination of brute force and a lot of “source code archeology” to recover the funds from the no longer supported wallet. The story also shows the lengths that KeychainX is willing to go to for its clients and the amazing ingenuity that is sometimes needed in the process.

    To learn more about the company visit KeychainX.io or just send an email to KeychainX@protonmail.com if you need to talk about password recovery.

    This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

    Image Credits: Shutterstock, Pixabay, Wiki Commons

    Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



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  • Horizen (ZEN) is now available on Coinbase

    Horizen (ZEN) is now available on Coinbase

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    Starting today, Horizen (ZEN) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store ZEN in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro.

    Horizen (ZEN) is a blockchain ecosystem that enables privacy-preserving decentralized applications. Using ZEN as its native asset, Horizen has both a main blockchain and a sidechain platform that enables developers to build custom private or public blockchains and decentralized applications.

    One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see ZEN), as well as a new section of the Coinbase website to answer common questions about crypto.

    Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store ZEN today.

    Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

    This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

    Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

    All images provided herein are by Coinbase.

    Horizen (ZEN) is now available on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • 3 reasons why REN price is up 340% from its July swing low

    3 reasons why REN price is up 340% from its July swing low

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    Interoperability has become one of the driving themes within the crypto market and as the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency among decentralized applications (dApps) will also increase.

    Ren (REN), a blockchain protocol designed to provide interoperability and liquidity between different blockchain platforms, has started gaining traction over the past month and a half as activity in the decentralized finance (DeFi) sector has been on the rise.

    Data from Cointelegraph Markets Pro and TradingView shows that after reaching a low of $00.41 on Aug. 9, the price of REN has climbed 185% to a daily high at $1.16 on Sept. 15 as its 24-hour trading volume spiked 443% to $673 million.

    REN/USDT 1-day chart. Source: TradingView

    Three reasons for the price growth seen in REN include the steadily increasing activity and total value locked on RenVM, the launch of a bridge to Arbitrum and the release of RenVM Greycore on the network’s testnet.

    Rising volume and total value locked

    REN’s bullish momentum can be found in the data for the total network volume and total value locked (TVL).

    Total network volume and total value locked on Ren. Source: Ren Project

    As 2021 progressed, new chains were added to the list of bridges supported, which now includes Ethereum, Binance Smart Chain, Solana, Polygon, Fantom, Avalanche and Arbitrum.

    Each new bridge has helped to increase the volume and TVL on the Ren network, which has coincided with moves seen in REN p.

    REN price follows the Bridge to Arbitrum

    The spike in price seen on Sept. 15 was due, in large part, to the release of the Arbitrum bridge, an Ethereum (ETH) layer-two scaling solution Arbitrum, which is designed to host popular decentralized applications in a fast, low-fee environment.

    The Ethereum network has been plagued by high fees and delayed transaction times, which have hampered the ability of many users to use DeFi or nonfungible token (NFT) related protocols on the network.

    Arbitrum’s low-cost environment has proven to be an attractive DeFi environment for BTC holders who are now able to migrate to the layer-two solution and interact on the network with renBTC.

    The total value locked on Arbitrum via the Ren protocol was $7.75 million as of Sept. 15 and is represented by the green line in the value locked chart above.

    Related: Solana and Arbitrum knocked offline, while Ethereum evades attack

    REN marches toward decentralization

    A third reason behind the increase in activity for REN was the release of RenVM Greycore on the network’s testnet on Sept. 13, a move that was done as the project works toward its goal of full decentralization.

    Greycore is a semi-decentralized validator set of nodes that are operated by reputable DeFi projects and it helps to add an additional layer of protection for the protocol.

    The first project to join Greycore was BadgerDAO, a DeFi project focused on building projects that bring BTC to DeFi.

    According to data from Cointelegraph Markets Pro, market conditions for REN have been favorable for some time.

    The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

    VORTECS™ Score (green) vs. REN price. Source: Cointelegraph Markets Pro

    As seen on the chart above, the VORTECS™ Score for REN turned green on Sept. 13 and climbed to a high of 71 on Sept. 14 just as the price of REN began to increase 72% over the next two days.

    The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.