29 Nov '13, 4am

Bitcoin exchange Mt. Gox introduces a one-time password card to beef up its security by @kaylenehong

One of the world’s largest Bitcoin exchanges Mt. Gox announced that it has introduced a one-time password card (hat/tip CoinDesk ), a physical product that it is shipping out with immediate effect, as it seeks to beef up security on the platform. Basically the OTP card introduces a second layer of security. All you have to do is link the card to your account and set your preferences for how to use it. For example, you can choose to require pushing the “OTP” button to generate a unique password for logging in each time – the password generated is different every time you use it. Bitcoin hit a new milestone yesterday, passing the $1,000 mark for the first time — and throughout this year the virtual currency has been increasingly welcomed by merchants all over the world. Mt. Gox explains that security needs to be boosted in the light of such developments: With Bitcoin prices ...

Full article: http://thenextweb.com/insider/2013/11/29/bitcoin-exchange...

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Bitcoin exchange Mt. Gox introduces a one-time ...

thenextweb.com 29 Nov '13, 4am

One of the world’s largest Bitcoin exchanges Mt. Gox announced that it has introduced a one-time password card (hat/tip Co...

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