Bitcoin News Summary – February 3, 2020

Kraken Security Labs reported an attack on the Trezor series of hardware wallets. Within 15 minutes, their security team was able to extract the private key from either a Trezor or Model T device. This would allow the theft of all coins contained by the wallet. The attack does require access to the device so the threat is neutralized with the use of a BIP39 passphrase combined with keeping your Trezor device in a secure place.

A British court has ordered crypto exchange, Bitfinex, to put a hold on about $860,000 worth of Bitcoin obtained via ransomware and deposited there. Blockchain analytics firm Chainalysis was able to trace the flow of funds from a victim. 

Bitfinex also launched Tether Gold trading this week. This stablecoin is pegged to the price of gold and backed by physical gold reserves. This could represent an interesting way for gold traders to reduce their trading fees.

Zermatt, a small ski resort town in Switzerland, is now accepting…