Cheetah Mobile Releases White Paper on Global Cryptocurrency Wallet Security
 
Feb 16, 2018
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PALO ALTO, Calif.--(BUSINESS WIRE)--Cheetah Mobile Inc. (NYSE: CMCM), a leading mobile internet company with strong global vision, today announced a jointly published white paper “Global Cryptocurrency Wallet Security” with Blockchain Research Lab and Cheetah Lab, which explores the security risks currently facing the cryptocurrency wallet industry, puts forward security recommendations for wallet users, and outlines the security standards to which all safe cryptocurrency wallets should adhere. The paper is available for free download here:https://www.cmcmbc.com/

“Security is the most critical aspect of the cryptocurrency industry, and will ultimately determine the sustainability of its development and adoption,” said Edward Sun, SVP of Cheetah Mobile. “The creation of secure and reliable cryptocurrency wallets for the safe storage of crypto-assets is extremely important. At Cheetah Mobile, we are able to leverage our long-term experience in the security software industry and extensive analysis of current blockchain technologies and products.”

Key points in the paper include:

  • Defining the purpose of cryptocurrency wallets
  • How cryptocurrency wallets are categorized
  • Features of cryptocurrency wallets
  • Potential safety risks of cryptocurrency wallets
  • How to respond to cryptocurrency wallet security risks
  • Security standards of cryptocurrency wallets

    Sun continued, “We hope that by publishing this white paper, users can more clearly understand the security issues surrounding cryptocurrency wallets and increase their vigilance against security threats. Also, by outlining the security standards for cryptocurrency wallets, we can help advance the security capabilities of the cryptocurrency wallet industry as a whole and jointly safeguard users' digital assets.”

    The release of the “Global Cryptocurrency Wallet Security” white paper comes on the heels of Cheetah Mobile’s making waves announcing its move into the blockchain industry with its secure mobile cryptocurrency wallet, called SafeWallet.

    SafeWallet was developed by the same professional team that has provided security services for more than 1 billion users for the last 5 years with successful mobile security products such as Clean Master and Security Master. Over 100 million customers use Cheetah Mobile security services every day to protect against viruses, malware and other threats. SafeWallet is currently available on Google Play, with an iOS version expected to be released shortly.

    About Cheetah Mobile

    Cheetah Mobile is a leading mobile internet company with strong global vision. It has attracted hundreds of millions of monthly active users through its mobile utilities products such as Clean Master and Cheetah Keyboard, casual games such as Piano Tiles 2, and its live streaming product Live.me. The Company provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels. Cheetah Mobile is committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.

    Contacts
    For Cheetah Mobile Inc.
    Melody Wolff, 551-404-3811
    melody@dbraymedia.com

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