Business

6M Bitcoin Are Secured By Shared Custody

[ad_1] Almost six million Bitcoins (BTC) are stored in multi-signature wallets — nearly one-third of the total supply.Prevents ‘Exit scams’Bitcoin is generally secured with a combination of a public and private key. In order to transact on the Bitcoin network, a user needs to sign each transaction with their private key. This works fine in most use cases, but there are situations where this setup is not ideal. For example, let’s
Business

3 Things Every Crypto Investor Should Know About Trading Bitcoin Futures

[ad_1] Trading Bitcoin (BTC) futures might seem easy on the surface but there are a number of fees that investors seeking big returns from high leverage trades ignore. In addition to trading fees, investors should also be aware of the variable funding rate that many exchanges levy and even maker and taker fees should be taken into account. Let’s take a look at three things every crypto trader should know about trading
EXCHANGES

After 10% Difficulty Drop, Bitcoin Miners Are Back in the Game

[ad_1] Just weeks ago, there were fears that miners had begun to capitulate. Bitcoin blocks were slower than normal, transaction fees skyrocketed, and data analysts observed large outflows from miner wallets. What happened was the block reward halving, which decreased the revenue of miners by around 50%. After the halving in mid-May, Matt D’Souza, a hedge fund manager and the chief executive officer of Blockware Mining, said that 30% of
BLOCKCHAIN

Crypto Ransom Amounts Skyrocketed 200% in 2019

[ad_1] A study revealed by digital forensics firm, Crypsis Group, shows an actively growing trend in the ransoms demanded by ransomware attackers. Amounts sharply rose 200% from 2018 to 2019.According to the 2020 Incident Response and Data Breach Report, it’s no surprise that cybercriminals have claimed “exorbitant” crypto ransoms in the past three years. The firm pointed out that the median amount of funds demanded as ransom was $115,123.Attackers are
Business

This Chinese City Is Launching a Blockchain Notary Program

[ad_1] Local media outlets are reporting that a blockchain-powered pilot program will provide a wide range of notary services in Suzhou, China.According to China Quality News, authorities of Suzhou announced on June 5 that this program aims to help millions of citizens access legal and government offices via the internet.The pilot platform, created by the Suzhou Municipal Market Supervision Bureau and the Suzhou Municipal Bureau of Justice, will cover personal
EXCHANGES

Same Bitcoin Signal That Called 2017’s $20,000 High Shows the Top Is Near

[ad_1] After plunging as low as $8,600 on June 2nd, Bitcoin has bounced back to $9,700, reclaiming support level after support level. It’s a move that has had convinced analysts that more upside is in the works. One trader said that as long as Bitcoin holds $9,600, which he marked as a notable level on a short-term perspective, he sees no clear reason “why $11,000 would not be next.” Galaxy
BLOCKCHAIN

Singapore Sees 300% Yearly Spike in Q1 Cryptojacking Attacks Amid COVID-19

[ad_1] Data published by Russian cybersecurity firm Kaspersky indicates that Singapore has seen a significant increase in the prevalence of attempted cryptojacking attacks during the first quarter of 2020.Kaspersky estimates that 11,700 attacks were attempted on devices located in Singapore from January until March — up from 2,900 as of the first Q1 2019.Kaspersky asserted that the spike in attacks is the highest percentage increase posted within the South-East Asian
Business

Brave Comes Under Fire for Binance Affiliate Link Autofill

[ad_1] Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US.Brave’s co-founder and chief executive, Brendan Eich, has acknowledged the “mistake,” pledging that the error will soon be corrected to remove the automatic completion of its affiliate link after the situation gained
EXCHANGES

Bitcoin Trader: Google Helps Scam Crypto Trading App Look Legit in Reviews

[ad_1] Bitcoin Trader has been heavily promoting itself as the best and safest automated cryptocurrency trading app that can help people earn $1,300 a day. Numerous fake reviews and scam checks on Bitcoin Trader are highly ranked by Google, making this scam appear legitimate. News.Bitcoin.com investigates this investment scam. Bitcoin Trader Scam Many bitcoin scams have emerged as unemployment rises worldwide during the economic crisis and coronavirus pandemic. One investment
Business

Cryptocurrency News From Japan: May 31

[ad_1] This week’s headlines from Japan included Coincheck updating the public on a recent data leak, a blockchain tech outfit unveiling plans for a digital local currency, BitBank facing a breach similar to Coincheck, the Japan STO Association gaining its first full-time trust bank member, and Japan achieving the second highest 24-hour Bitcoin trading volume numbers for May.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph