#crypto cold wallet
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anbuselvi1 · 2 years ago
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Top BEST Cold Wallet | Hardware Crypto Wallets for your cryptocurrency
BEST Cold Wallet
A Bitcoin/cryptocurrency wallet is the first step to using Bitcoin or crypto. Why? A “wallet” is basically the equivalent of a bank account. It allows you to receive bitcoins and other coins, store them, and then send them to others. You can think of a wallet as your personal interface to the Bitcoin network, similar to how your online bank account is an interface to the regular monetary…
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a2zcryptoswap · 8 months ago
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cryptonewsme · 1 year ago
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Creating a Bitcoin Cold Storage Wallet: A Guide
With the meteoric rise in popularity of blockchain technology, ensuring the safety of your digital assets has become paramount. Enter the Bitcoin cold storage wallet, a safe way to safeguard your cryptocurrency investments. This article will shed light on the process of creating your own Bitcoin cold storage wallet. We will explain the free and safe ‘paper wallet’ option. Creating a Bitcoin Cold…
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pocketexpats0 · 1 year ago
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Expats & Digital Nomads of the world, today is Swiss Independence Day!
To celebrate it, crypto hardware wallet company BitBox is offering 10% off its hardware wallet BitBox02!
Take advantage of this special offer and get one of the safest crypto hardware wallets in the market.
Link in bio.
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peoples-media · 1 year ago
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Ukraine Strikes Back: Significant Territorial Gains Made in Ongoing Conflict with Russia
In a significant turn of events, Ukraine has announced the recapture of approximately 100 square kilometers (40 square miles) of its territory during the 68th week of Russia’s invasion. This progress marks a crucial milestone in Ukraine’s long-planned counterattack, which is now gaining momentum and posing a challenge to the Russian forces. However, Russian President Vladimir Putin has dismissed…
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latestblogpost · 2 years ago
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How Ripples Are Being Used to Buy Land in Colombia
Introduction The XRP Ledger (XRP) is a blockchain for international payments and cryptocurrency. Investor activity drives the ripple effect by driving up prices. For example, when a property is hot, many investors will flock to it, seeking to earn a profit through rental yields and capital gains. This saturates the market, adding to the pressure on property prices. If you are keen to invest in…
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ilucyliu-blog · 2 years ago
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How to Store Your Crypto – 6 Alternatives to Cryptocurrency Exchanges
Users are leaving centralized exchanges as increased scrutiny highlights issues with reserves. Secure ways of storing crypto include self-custodial wallets and regulated crypto custodians. There is no one-size-fits-all solution, and different users will have different needs in custody. The recent collapse of the cryptocurrency exchange FTX was a stark reminder of the vulnerability of these…
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cryptolatestinsights · 2 years ago
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Best ways for storing cryptocurrencies.
Looking for a secure way for storing your cryptocurrencies? Here’s a complete guide for some of the best ways for safeguarding your crypto assets.
After owning your cryptocurrency, the most important thing you should consider is how to store it. Let me aware you that cryptocurrency does not have the same types of protection as money in a bank account or similar to investments made via a broker. Being the owner, you are responsible for crypto storage. 
Stay relaxed as you have a list of options for storing cryptocurrencies, but finding the right one is the toughest job. Let us together explore and find the most suitable option for your crypto portfolio. 
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Role of Crypto wallets. 
Cryptocurrency wallets are similar to normal wallets which we usually use in actual life but the only difference is they can store only digital currencies. In present times, every individual wishes to launch his/her own crypto coin with own brand name, hence it is obvious that the need for crypto wallets is in demand today and future too. 
Regardless of the business, the key functionality of crypto wallets will remain the same. Crypto wallets have become the necessity of every blockchain application to store their digital assets, mostly trading or exchange platforms.   
Ways of Storing cryptocurrencies. 
You have many distinct ways to store cryptocurrencies, including hardware devices, software applications, as well as a simple piece of paper. Once you understand more about each storage method, you can select the wallet or wallet that maintains your crypto safe. 
Custodial wallet
Third party, like a crypto exchange, stores your cryptocurrency. 
Simplest and most convenient option.
Average Cost - Free
For instance: Binance, BitMex, Bitgo, and Blockchain.com 
Cold Wallet
Hardware that stores crypto offline. 
High level of security
Average Cost- $50 to $150
For instance: Ledger, Trezor, Keepkey, Bitbox, and SafePal. 
Hot Wallet
App that stores crypto online/virtually
Ease of use and Convenience
Average Cost - Free
For instance: Mycelium, Electrum, Exodus, Trust Wallet, and Blockchain wallet. 
Paper Wallet
Physical storage of crypto private keys. 
Free way to store crypto offline
Average Cost- Free
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ru-fiction · 9 months ago
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In Another Life
Peter B. Parker x GN!Reader
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A/N: The story has small mentions of death, divorce, grief, and a little jealousy. 'Y/N' is used a bit. This is my first attempt at writing something like this.
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Alright people let's do this one last time. My name is Peter B. Parker.
Peter places his Spiderman mask on his face before letting his body fall and catching himself with his web, gliding across the city.
I was bitten by a radioactive spider and for the last twenty two years, I thought I was the one and only Spiderman.
Peter sits on the edge of a building with a coffee in one hand and a newspaper in the other.
You see I saved the city.
Different instances of Spidey beating up different villains including Electro, Kraven and Juggernaut appear in a comic of his life.
Lifting or catching cars and buses.
Patrolling the city.
I fell in love.
Little moments of a younger Peter with his love, Y/N flashed in pages of the comic.
Their awkward moments of flirting with each other without trying to cross the line for fear of losing a good friendship.
The secret notes exchanged between classes as they walked past each other.
The middle school dance that they went to together.
The parties Y/N would invite Peter to only for the two to sneak off and have long conversations with the other until their respective family members called for them to come home.
Their first kiss and Y/N finally asking Peter out.
Y/N secretly finding out about Peter being Spiderman and waiting for him to tell them.
Peter finally telling Y/N and them stressing over his safety every night. Peter soothes their fears by video calling them as he swings across the city.
Peter making a huge deal out of his promposal and getting an excited yes in return.
The two graduating together and getting accepted into the same college.
The two moving into an apartment together and hosting weekly dinners with each other's families.
Peter smiles sadly at the memories.
I lost them....
One gruelling fight happened, a day that changed Peter's whole world. A friend of Peter's was corrupted by a symbiote. He tried to talk his friend down but he wouldn't listen.
Y/N and May ended up getting captured by him and Peter has to make a choice. He couldn't choose and Y/N paid the price.
Peter cried for days, he wouldn't eat, he couldn't sleep and if he did Y/N's face would appear reminding him of that night.
No one could console him and even though he was able to get his friend's mind back, a part of Peter could never forgive him for what happened to you.
I never truly got over it, my first love but I did try again.
An older version of Peter hanging upside down in his Spiderman costume kissing Mary Jane in an alley comes to mind.
I got married.
Y/N's family showed up to support him which he was happy about. Their guardian had given him a small smile as he placed the wedding band upon Mary Jane's finger. In the crowd he could have sworn he saw Y/N giving him a nod of approval. He wanted to cry.
Saved the city some more. Maybe too much.
Spider-Man fights off a few small criminals every night sometimes coming home later and later.
He'd come home to a cold dinner or his wife being asleep, sometimes he'd miss her altogether.
My Marriage got tested. I made some dicey money choices.
Peter invested money in crypto scams and a failed business much to the annoyance of Mary Jane and his wallet.
Fifteen years passed and during that time Peter broke his back, got hit in the face with a drone, buried his Aunt May next to his Uncle Ben and his deceased lover, divorced Mary Jane because he wasn't quite ready to completely move on from his past love and moved into a small, crappy apartment.
He would say he handled it like a champ but...
Peter would sit in the tub with the shower running and just cry his little heart out. He felt like he lost just about all the good things that he had.
Some days he would just lie in bed and stay there day in, day out because he couldn't find the motivation to do anything else.
Some days he'd hug a picture of Y/N and Him, other days he would mourn the loss of his marriage and some days he'd wish he had Aunt May there to help him. But every now and then he'd feel a presence near him like something was trying to console him.
Soon he started to binge eat to help the pain and sometimes he would go and visit his family wishing they were with him.
There were days where he would just take all his anger and frustrations out on petty thugs then there were days where he wanted nothing more than to hide himself away from the world.
Some days he would call Mary Jane but stop himself after the first few rings.
I'm pretty sure I broke her heart.
One day Peter was laying in his bed and eating a pizza when a purple and black wormhole appeared on his ceiling. Peter stands up, alert. Watching as the wormhole grows.
The next thing he knew his body was starting to glitch and the items in the room began to float. He tried to save himself but his web snapped as he was pulled into a portal leading to who knows where.
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Elsewhere...
You sat down at a seedy bar with your head leaning on one hand and the other absentmindedly being used to stir a straw in your drink. You were dressed in a long sleeve red shirt and black jeans.
Next to you sat a couple who literally couldn't keep their hands off of each other. The couple being your blonde haired, blue eyed friend, Peter Parker and his redheaded wife, Mary Jane.
The two were celebrating their anniversary and had invited all their friends to come along and though You didn't want to come, one look into Peter's pleading eyes and you just couldn't say no.
After a while of being there everyone in the group had split up after realizing the couple was super into each other today. At the moment You was on your fourth drink, bitterly watching as the couple flirted with each other.
You couldn't figure out why Peter had wanted you to come so badly, if he was just gonna be all over MJ the whole time. It frustrated You to know that it wasn't that long ago that you were in MJ's place. That You were his and he was yours. Hell the only reason you guys broke up was because Peter wanted marriage and You didn't at least not at first but it was too late and now it felt like Peter was constantly throwing his new relationship in your face even if he wasn't doing it intentionally.
"Hey, Y/N!"
You blink finally coming out of the space you were in, the blonde smiles at them as he pulls MJ close to him and motions to the door.
"We're headed home. You need a ride?"
You shakes your head at his offer.
"I'm okay. I'll walk."
You turned to leave only to be stopped by a hand softly grasping your arm, You turn to face the couple with a sigh.
"You know I don't feel comfortable with you walking home alone."
Peter gives you a look of worry.
"At least let me walk you home."
"I'm fine."
"Y/N it's really dangerous out there just let me walk you home."
"Peter, Stop. I'm good."
Peter starts to hand MJ the keys to their home and places a small kiss upon her lips then turns to you with a smile, one that hurts to look at.
"It's nothing really. Your house isn't far from here."
You let out an annoyed groan before giving Peter a stern look.
"Maybe worry about getting your wife home safely than me. I can take care of myself, I was fine before you and I'll be fine without you."
Peter and Mary Jane looked at you with shock. You were even surprised by the words you said.
"Look, I just need some space."
You began to walk away needing to get away from them leaving Peter confused and MJ red faced with anger.
The walk to the house was a quiet and lonely one but You weren't so much as messed with. So that was good. You unlocked the door to your home before throwing the keys on one of the counters and locking the door. You let out a huge sigh and slid down the door, stuffing your face against your knees, taking a moment to sit in silence.
About two hours later your phone started to ring a familiar theme played out and a picture of Peter covered the screen. It rang for a while with you just watching the call end before Peter calls again. You let out another sigh and answer.
"Yes, Parker?"
He lets out a displeased sound at your use of his last name.
"Hey, where are you?"
Your brows furrowed at the sternness in his voice.
"At home."
"Why? We're supposed to be looking for King Pin right now.."
You sigh leaning your head back against the door. There was a moment of silence before Peter speaks again.
"I'm headed to this location. You better be there."
You phone chimes with a message and you hear a small sigh on the phone.
"Please. I need you."
You stood up and walked towards your room. You opened up your closet and pulled out the costume Peter made for you when you agreed to be his sidekick.
It was a skin tight white spandex suit with a red v necked vest, there were black straps around your arms and left thigh and to finish the look you added a pair of white fingerless gloves and black boots. You grabbed your laptop, a pair of binoculars and your trusty baseball bat before heading out the door.
—🕸️
The eyes on Peter's masks widened at the sight of you walking through the subway. He springs to his feet and moves to meet you in the middle.
"I didn't think you'd come."
There was a nervous tremble in his voice. You nervously tap the side of your laptop while staring at one of the walls but soon you turn your gaze towards him.
"What did you need me to do Parker?"
Peter lets out a frustrated groan as the two of you make your way deep into the subway.
"Stop doing that."
"Doing what?"
"Saying my name like that."
You knew that Peter could tell something was off. Other than the fact that you blew up on him, you've been being distant for weeks now.
"That's literally your name."
You smiled slightly at his little pout.
"Yeah but you only call me by my last name whenever you are mad at me."
There was a moment of silence between the two of you before Peter asked with a shaky voice.
"Are you mad at me? Have I done something to upset you or make you uncomfortable at all?"
You sigh for like the millionth time today and just give him a look of defeat.
"Now is not the time or place. Can we get this over with so we can go home and be done with today? Please."
With that said the two of you continue to make your way to your destination. The two of you found a section that was a little far off where you could put your computer.
"Okay. I've upgraded my software so that my computer can update us on their whereabouts."
You type a way at your computer, not noticing Peter nervously rubbing the back of his neck.
"About that. I need you to be lookout on this mission."
You turned to face him with a raised eyebrow, your arms crossing in front of your body.
"You better be kidding."
"I can't risk you getting hurt."
Your eyes darkened at his statement. How could he risk his life time and time again and expect you to just sit there and watch it happen?
"I'm not doing this today Peter. This is King Pin we're talking about."
"Exactly why I need you to stay here."
You jam your finger into his chest, anger flaring in your eyes.
"You've got to be out of your goddamn mind if you think I'm gonna let you risk your life alone."
Peter meets your glare with one of his own.
"Why? Why do you feel the need to fight with me on this?"
He makes a big gesture between the both of you.
"Because I lo-"
You let out a small breath both to stop yourself from finishing your sentence and also go calm yourself down.
"Because you're my friend. I don't want to see you get hurt."
"Fine, you win."
You were surprised that he gave up that quickly, Peter was usually stubborn. It honestly made you kind of suspicious of him. This was entirely too easy. But you shrugged it off and turned to grab your bat only for your feet to get trapped under thick web. You turned your head in Peter's direction to find him slowly backing away.
"I am so sorry. I know I told you to come but I can't risk you getting hurt.''
Your eyes filled with anger again as he turned to run off.
"Parker."
"I'll make it up to you."
-
After an hour of peeling the web from your feet, you ran to the facility that you and Peter had been tracking for weeks now.
There you found a teenage boy falling from a great height. You started to freak out trying to run to catch him but luckily Spiderman also noticed the kid and headed in his direction. He ended up grabbing the kid by his jacket and swinging him to safety. You let out a sigh of relief and stealthily made your way to where they were keeping a close eye on the goblin.
You climbed up the railing without Spiderman noticing. He swings away when you finally make your way to the top, standing behind the awestruck teen.
"He's amazing, right?"
"Yeah."
The kid jumps away after he realizes someone was behind him. You chuckle at his reaction.
"Relax. I'm with him."
You point at Spiderman and the kid instantly calms his nerves. That all goes away when a villain known as the Prowler comes out of nowhere and starts to fight Spiderman.
You didn't have any special powers so all you could was silently freak out from the sidelines as the kid pulled out his phone to record the encounter. You tap on your communicator when you notice something from the corner of your eye.
"Spiderman, Watch out!"
"Y/N?"
Right as Spiderman was about to fight back, out came the goblin catching him under his foot and licks him.
The two of you duck behind a canister and tap on your communicator again.
"Hey, are you okay?"
'Yeah, Yeah. Everything is fine.''
You give the canister a frustrated look at his obvious lie. All of a sudden the room starts to glow in a bright light. And Spiderman yells out trying to reason with the villains.
Soon a beam shoots out in the middle of the room. A big thing of rubble hits the surface that you and the kid were on causing you two to fall but the two of you were quick to catch yourselves on the railing. The next thing you knew the goblin was pushing Spiderman's face into the beam.
Then the whole thing exploded. The two of you somehow made it to the ground safety and you started to pull the kid to the exit.
"Wait! What about Spiderman?"
"I will come back for him. I need to get you out of here.''
-
"Peter!!"
You ran back in the direction you last saw him after making sure King Pin and gang was gone.
"Peter!!"
You started to get worried when you didn't get a response.
"Peter I swear if you're messing with me I'm gon-"
You stopped dead in your tracks when you saw him leaning against a rock all bloodied and bruised. You felt like your body was moving in slow motion as you ran towards his.
You fell to your knees and pulled his body against yours. His heart was beating slowly and his breath was ragged. You moved your eyes up to his face to find him smiling back at you with droopy eyes.
"Hey."
He whispered softly to you his hand moving to wipe the tears that were forming in your eyes.
"Don't cry. Please don't cry."
He could tell that you were tearing yourself up, there was a look of guilt in your eyes and your bottom lip started to quiver.
You shook your head and wrapped one of his arms around your neck and you placed one of yours around his waist getting ready to lift him.
"It's okay. Everything is okay. I'm gonna get you through this, we'll get you to a hospital and everything will be fine."
You were saying it more to convince yourself. Peter already knew he wasn't going to make it, he had made peace with it the moment you found him.
"Y/N, stop."
"It's fine. I-I'll call the ambulance and t-they'll meet us o-outside."
You go to stand up but Peter leans on you with so much wait that it pulls you down again. He pulls you into a hug staining your clothes with his blood. Though it hurt him, he wanted to feel you one last time. He started to rub the back of your head as your tears wet his suit.
"Look out for May and MJ for me okay."
You nod into his shoulder and your sniffles fill the air.
"Watch out for the kid. He's going to need the help."
You nod your head again pulling away so that you could look into his blue eyes one last time.
"Of course."
Peter moves to grab your cheeks, softly rubbing his thumbs over them.
"One more thing."
There was a look in Peter's eyes, one that you've seen plenty of times before. A look that he gave you when he had one thing to say.
"Don't. I can't take it if you say what I think you're about to say."
Peter pulls you closer so that your foreheads meet and places something into your hands.
"I love you."
Your lip trembled again, his heart was starting to slow to a stop.
"I never stopped loving you."
That was his last words before he went limp in your arms. Leaving you a crying mess.
A little while later you take the kid home and then make your way towards the Parkers' house. You give the door two knocks before MJ opens it. She frowns at your presence and a glare forms on her face but it quickly drops when she sees your expression. You gave her the Spiderman mask with a trembling hand and she quickly pulls you into the house where the two of you just sat on the couch and held each other.
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girlfriendsofthegalaxy · 1 year ago
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the worst The Good, The Bad, and The Ugly remake i can possibly think of at this time is they’re all after the decryption keys to Arch Stanton’s cold crypto wallet. but it only has two apes and there’s three of them
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st-just · 1 year ago
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A general theme in the collapse of FTX is that FTX was quite good at sounding like it was a good crypto exchange. It knew how to say the right things, which created the impression that it was also doing them. In proposals to regulators, and in Bankman-Fried’s Twitter account, FTX regularly seemed to be thoughtful about managing the risks of a leveraged crypto futures exchange. FTX’s executives clearly thought about the right issues — liquidation of losing positions, hot wallet/cold wallet crypto storage — and so it was natural to assume that they did something about them. Turns out, nope!
-Matt Levine
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lejel-labs-global · 11 months ago
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Keamanan di Ruang Crypto: Melindungi Aset Digital Anda
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Dengan pertumbuhan pesat industri cryptocurrency, keamanan aset digital menjadi aspek yang sangat penting. Seiring dengan meningkatnya popularitas Bitcoin, Ethereum, dan berbagai mata uang kripto lainnya, risiko keamanan juga semakin tinggi. Keamanan di ruang crypto bukan hanya tanggung jawab para pengembang blockchain dan bursa, tetapi juga menjadi perhatian utama bagi para pemegang aset digital.
Kunci Privat dan Penyimpanan Aman
Salah satu prinsip dasar keamanan di dunia cryptocurrency adalah menjaga kunci privat dengan sangat hati-hati. Kunci privat adalah informasi yang memberikan akses ke aset digital seseorang. Pengguna harus memastikan bahwa kunci privat mereka disimpan secara aman dan tidak diakses oleh pihak yang tidak berwenang. Penggunaan dompet (wallet) hardware atau dompet kertas dapat menjadi opsi yang lebih aman dibandingkan dompet online yang rentan terhadap serangan cyber.
Menggunakan Keamanan Multi-Faktor (2FA)
Keamanan multi-faktor (2FA) adalah langkah penting untuk melindungi akun di platform cryptocurrency. Dengan mengaktifkan 2FA, bahkan jika kunci privat bocor, pihak yang tidak berwenang tetap akan kesulitan mengakses akun karena memerlukan informasi tambahan seperti kode yang dikirim melalui SMS atau aplikasi otentikasi.
Update Perangkat Lunak Secara Berkala
Perangkat lunak di dunia cryptocurrency, termasuk dompet dan aplikasi perdagangan, terus berkembang. Pengguna harus memastikan bahwa mereka selalu menggunakan versi perangkat lunak yang paling baru dan menginstal pembaruan keamanan segera setelah mereka tersedia. Pembaruan ini seringkali mengatasi celah keamanan baru yang ditemukan oleh pengembang.
Hindari Phishing dan Serangan Sosial
Phishing merupakan teknik umum yang digunakan oleh penjahat cyber untuk mencuri informasi sensitif seperti kunci privat. Pengguna harus selalu berhati-hati terhadap email, pesan, atau tautan yang mencurigakan. Hindari memberikan informasi pribadi atau kunci privat melalui saluran komunikasi yang tidak aman.
Penyimpanan Aset di Cold Wallet
Cold wallet atau dompet dingin adalah jenis dompet yang tidak terhubung ke internet. Ini membuatnya lebih sulit diakses oleh penyerang cyber. Meskipun mungkin tidak secepat dompet panas (hot wallet) yang terhubung secara online, cold wallet adalah pilihan yang aman untuk menyimpan aset digital dalam jumlah besar.
Keamanan di ruang crypto bukanlah hal yang dapat diabaikan. Dengan mengikuti praktik keamanan terbaik, pengguna dapat melindungi aset digital mereka dari ancaman cyber. Penting untuk selalu meningkatkan kesadaran akan risiko keamanan dan mengambil langkah-langkah yang diperlukan untuk melindungi informasi pribadi dan aset digital. Dengan melakukan hal ini, pengguna dapat merasakan manfaat penuh dari potensi pertumbuhan dan keuntungan yang ditawarkan oleh dunia cryptocurrency.
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coinguitar · 4 months ago
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Mt. Gox Shakes Up Crypto World with Massive Bitcoin Transfer
Mt. Gox Stirs Market Jitters with Massive Bitcoin Transfer The defunct Japanese cryptocurrency exchange Mt. Gox has reignited market concerns with a significant Bitcoin movement. On July 5th, Mt. Gox transferred a staggering 47,229 Bitcoin (BTC), currently valued at $2.71 billion, out of cold storage to a new wallet address. This marks the exchange’s most substantial transaction since May…
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financeattips · 2 months ago
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First Time Investing in Crypto: Tips for New Traders on the Digital Coin Market
This has changed the financial landscape for good; it is the first time in history that investors have a share of this type since cryptocurrency entered the market. But then again, getting into the crypto market to begin with can be incredibly intimidating for a novice. This includes some key tips that you must know for making trade-offs more intelligent and how to invest in cryptocurrencies.
1. Understand the Basics
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Understand the basic principles of what Cryptocurrency is, how it works before you invest. If you're unfamiliar, cryptocurrencies are basically decentralized systems, operating with a peer-to-peer framework, that let users do all sorts of things like get rewards for paying on time or using an app. Because they are not organically produced like typical tender, these financial tools are meant to be circulated in a decentralized way via blockchain networks. Educate yourself onwards like blockchain, altcoins, wallets and exchanges.
2. Do Your Research
The value of cryptocurrencies is influenced by a number of factors, and this makes it an extremely volatile market. Learn about various cryptocurrencies and how they are used. Tools like CoinMarketCap and CoinGecko show trends, rankings other handy information regarding ranging and past data. Follow us on Twitter for more news and updates on the Bitcoin space.
3. Diversify Your Portfolio
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Investors apply diversification in their investment strategies. Diversify by investing in multiple cryptocurrencies I mean, everyone knows Bitcoin and Ethereum — why not looking a little bit further down the line at some promising altcoins with real fundamentals. A healthy mix of investments can ensure you have a little exposure to any type of gain or loss that may arise.
4. Only Invest What You Can Afford to Lose
The world of crypto is such that even the prices can and do tend to rise or crash in a jiffy, thanks to high volatility. Gamble only with money you can afford to lose without impacting your finances. Never borrow to invest in crypto or use your emergency savings for crypto investing. This approach ensures that you still are able to stay financially safe in case there's a downtrend.
5. Choose a Reliable Exchange
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It is important to be sure that you deal with reliable cryptocurrency exchanges for safe trading. Search for exchanges with strong security protocols, a simple UI, and broad coin support. Some of the most trusted exchanges that people have been using include Binance, Coinbase and Kraken. Are they regulated and insured for digital assets.
6. Secure Your Investments
In the world of crypto, security is vital. Keep your cryptocurrencies on hardware wallets or in cold storage solutions; simply turn on 2FA in your exchange accounts and do not publish or disclose the private keys. Keep your software up to date and watch out for phishing attacks and malware.
7. Stay Informed and Adapt
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As we know the crypto market is alive and never takes a nap. Learn from the market, regulatory and tech changes. Engage in some of the crypto community forums on platforms like Reddit, Twitter and Telegram to get the benefits of inside knowledge from other investors. Change your investment plan based on new informational and market circumstances
8. Have a Long-Term Perspective
Although there is money in short-term trading, it often requires quite a bit of time and skill to excel what you do. Long term investment strategy If you are beginner, Long term is the best way for you to invest your money from beginning. Look at the long term growth potential of cryptocurrencies instead of trying to make a quick buck. I read many books and listend to a lot of podcasts about the stock market, nearly all these sources agreed that patience and discipline was key to becoming a successful long-term investor.
9. Seek Professional Advice
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If you are uncertain about the investments, you can get help from financial advisors or even some crypto experts. They can offer some personalized advice, depending on your financial goals and comfort with risk. Expert help will make it easier for you to manage the particularly volatile world of crypto.
Conclusion
Investing in cryptocurrency can also be a lucrative endeavor as long the trader is well-versed when it comes to his or her craft. These basic principles, combined with extensive research, establishing a diversified portfolio, and security first will put you in good stead on your crypto investment journey. The key is to stay informed, adapt and think long-term in order for you to succeed.
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robosucka · 2 years ago
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FTX's very bad november
here are some bullet points of the key things that happened to stupid 'it turns out it was never actually a business' 40 billion dollar cryptocurrency exchange FTX this month. very funny please read more!
FTX is the 'smart, legal, pro-regulation' bitcoin exchange (a bank) beloved by athletes and US Senators alike. They are one of the five largest businesses in the crypto space, and are valued at up to $32,000,000,0000 (32B USD). 1b. FTX mints its own token, 'FT Token / FTT', which has a use-case for their advanced trading services as well as serving as a speculative asset that represents consumer trust.
2. FTX establishes a sister firm, "Alameda Research", which acted as its own market actor and research publisher. Alameda Research also have massive resources on their balance sheet.
3. When the Terra / Luna stablecoin disastrously lost its peg to the dollar earlier this year, crypto lost $60B of valuation. Everything fell, but unlike some stuff, FTT recovered. 3b. during this crisis, Alameda stepped in as a 'lender of last resort'; bailing out the liquidity-crisis-shocked crypto businesses by selling them emergency loans.
4. On November 02 (two weeks ago!) Coindesk published an exposé showing that a lot of Alameda Research's balance sheet was, basically, IOU's from FTX - the lender of last resort was a shell game.
5. at this point (i'm hazy on details!) the three FTX founders - "the Crypto King" "SBF"; Gary; and Nishad - start fighting a lot on twitter about something offline, in particular with their competitors Binance, the #1 company in the crypto space.
6. Binance sells all the FTT in its vaults. Billions of dollars' worth?
7. The market value of an FTT drops from $24 USD to $3. (an 87.5% drop in value)
8. 36 hours later, seeing FTX about to declare bankruptcy, Binance offers to buy FTX in a bailout. Binance lawyers ask to see FTX's most secret internal accounting documents. 8b. FTX provides something, which Binance aren't happy with, and Binance backs out of their offer to buy FTX.
9. a "hacker" steals between $300M-$500M USD worth of various coins and tokens from not only FTX's 'hot wallet' (actual liquid funds) but ALSO from its 'cold wallets' (which an outside hacker has no access to). 9b. in transferring these funds out of FTX and into a wallet for Tether (a stablecoin), the "hacker" doesn't have enough "TRX" to pay the gas to actually move the money. so they panic and uses TRX from their own wallet.
10. That wallet was on the Kraken ecosystem, and TRX is for the Tron Network, and both Tron and Kraken have KYC ('know your customer') ID requirements to use their systems, linking the wallet used to facilitate the theft to a driver's license and banking and contact information etc. 10b. the head of security for Kraken posts on twitter "We know the identity of the user."
11. the Bahamaian police (they spent company money on a big poly mansion on the Bahamas and so this all happens there) detain the three FTX founders
12. FTX goes from being worth $30-40 billion USD to bankrupt, nothing, goose egg, kanye voice: couldn't give a homeless guy change, its principals arrested, detained by island police as foreign billionaires, investigated by the Bahamaian money laundering authorities (lmao), investigated by America for the Tether theft (lmfao)
13. lmfao
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unpluggedfinancial · 6 months ago
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How to Vet Crypto Services: Ensuring Safety and Reliability
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In the ever-evolving world of cryptocurrencies, ensuring the safety and reliability of the services you use is paramount. With numerous platforms and services popping up, it's easy to fall prey to scams or unreliable providers. This guide will help you navigate the process of vetting crypto services to safeguard your investments.
Understand the Service
First, identify the type of service you're evaluating. Is it an exchange, a wallet, a DeFi platform, or another kind of service? Each type has its own set of standards and requirements. Research the service's reputation by looking for reviews and feedback from reputable sources. Platforms like Reddit, Twitter, and specialized crypto forums can provide insights into the experiences of other users. A reliable service will be transparent about its team, location, and regulatory status. Check the "About Us" section on their website and verify the information provided.
Security Measures
Ensure the service employs up-to-date encryption and robust security protocols. This includes secure SSL connections and advanced security measures to protect your data. Two-Factor Authentication (2FA) should be a standard feature for any credible service, adding an extra layer of security to your account. For exchanges, verify that they store the majority of funds in cold storage, significantly reducing the risk of hacks.
Regulation and Compliance
Check if the service is licensed and regulated by relevant authorities. Regulatory compliance is a strong indicator of a service's legitimacy. Know Your Customer (KYC) and Anti-Money Laundering (AML) policies are essential for regulatory compliance. These policies help prevent fraudulent activities and ensure the service is operating within legal boundaries.
User Experience and Customer Support
The platform should be user-friendly and intuitive. A complex interface can lead to mistakes and a poor user experience. Test the responsiveness and helpfulness of their customer service. A reliable service will offer prompt and effective support.
Financial Stability
Research the service’s financial backers and funding sources. Well-funded services with reputable backers are generally more reliable. Some services offer insurance for user funds in case of breaches. This added security can provide peace of mind.
Community Feedback
Engage with the community on platforms like Reddit, Twitter, and specialized crypto forums. Community feedback can provide valuable insights into the reliability of the service. Review sites like Trustpilot or industry-specific review sites can offer additional perspectives on the service's performance.
Red Flags to Watch Out For
Be wary of services that withhold crucial information. Transparency is key to building trust. Avoid services that promise guaranteed returns or seem too good to be true. These are often signs of scams. Pay attention to any negative news or past incidents involving the service. A history of issues can be a major red flag.
Conclusion
Vetting crypto services is a critical step in safeguarding your investments. By conducting thorough research and being vigilant about potential red flags, you can avoid unreliable providers and make informed decisions.
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