Crypto exchange Gemini has integrated support for wireless hardware security keys—a physical two-factor authentication (2FA) method—into its mobile app today, aiming to provide stronger security for mobile traders.
Lightning Labs pushes digital authentication without passwords
What if you could log on to any of your favorite websites and services without an email, a username, or a password? What if, instead of entering your personal information to join a social media platform, all you’d need to do is send a one-time micropayment and keep the receipt? This is the future Lightning Labs envisions with the Lightning Service Authentication Token (LSAT for short), at least in regards to how developers share access to infrastructure and services. The Lightning Network-focuse...
For years, the current generation of USB-based security keys hasn't been compatible with most mobile devices. And with the vast majority of people opting for mobile-based web surfing, this has become a mounting issue.
By extending wireless support across both android and iOS devices, this bypasses the problem—making it possible to use such security measures.
Hardware security keys are deemed one of the most secure means of account authentication available. Using 2FA, these keys verify user identity without needing to send out an SMS or a one-time password (OTP).
Not only do hardware security keys stop phishing attacks in their tracks, but they're much more secure than their SMS-based counterparts, putting a swift end to dreaded sim swapping, replay, or person-in-the-middle attacks—all of which rely on SMS or OTPs.
Crypto exchange Gemini hires Goldman Sachs alumni
Gemini, the crypto exchange and custodian empire run by Cameron and Tyler Winklevoss, today announced that it has hired a new managing director for its Asia Pacific region. The new hire will head its expansion into Asia, the latest stop on Gemini’s whirlwind tour around the world. The Winklevii are two of the biggest Bitcoin investors. Image: Shutterstock. Jeremy Ng, from Singapore, will report directly to Cameron Winklevoss, one half of the square-jawed duo—both Harvard and Oxford business sch...
Gemini has partnered with hardware security key manufacturer, Yubico—designer of the popular hardware security key, Yubikey—to make mobile access possible.
Users need to register at least two hardware keys to make use of the new login method: one supported by the user's mobile device and another cross-platform hardware security key such as Yubikey.
The addition of hardware-based 2FA stands as a boon for mobile users of the Gemini exchange. And with a record 12 crypto exchange hacks in 2019 alone, other exchanges might consider following suit.
