6M Bitcoin Are Secured By Shared Custody

Almost one-third of the entire Bitcoin supply is secured with a feature that gained adoption after the Mt. Gox heist. 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…

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3 Things Every Crypto Investor Should Know About Trading Bitcoin Futures

Crypto exchanges are offering more futures and options instruments for investors, but it’s crucial to be aware of funding and other fees. 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…

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Crypto Ransom Amounts Skyrocketed 200% in 2019

A report from Crypsis Group revealed that threat actors have significantly escalated their tactical approaches in ransomware attacks. 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 getting…

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This Chinese City Is Launching a Blockchain Notary Program

Suzhou wants to implement a blockchain-based pilot program to use real-time notarial tracing functions across the country. 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 freedom, life,…

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US Regulators Have Double Standards When It Comes to Bitcoin Says Gurbacs

VanEck’s Gabor Gurbacs said U.S. regulators have not treated Bitcoin fairly in their exchange-traded fund denials. Bitcoin (BTC) exchange-traded funds, or ETFs, have faced unfair pushback from U.S. regulators, according to VanEck director and digital asset specialist Gabor Gurbacs.  “There’s a persistent double standard against Bitcoin and digital assets, which I think is wrong,” Gurbacs told host Max Keiser on a recent episode of the Keiser Report. Bitcoin ETF denials by the bushel  In its simplest form, a Bitcoin ETF is a financial product traded officially on mainstream stock markets,…

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Cryptocurrency News From Japan: May 31 – June 6 in Review

Two exchanges saw unauthorized access issues, Japan ranked second in 24-hour Bitcoin trading volume for May globally, and more headlined news from Japan this past week. 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…

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The Global COVID-19 Pandemic Gave People the Mandate of Independent Money

With the failure of traditional, centralized finance to beat the new economic crisis, people will turn to Bitcoin as the best solution. The COVID-19 pandemic forced the world to hit the brakes on economic activity, and in response, the United States Federal Reserve has introduced trillions of U.S. dollars to pay for the stimulus packages it’s giving away. Naturally, many people have jumped to inflation as the forgone conclusion. Proponents of Bitcoin (BTC) are excited about the prospect of inflation because the cryptocurrency has been billed as a check against…

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

The first quarter of 2020 saw ransomware attacks targeting devices in Singapore spike by four-fold compared with last year. 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…

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Brave Comes Under Fire for Binance Affiliate Link Autofill

Brave appears to have removed a controversial feature that was auto-filling the company’s affiliate link when a user attempted to access Binance. 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…

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

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 scheme that has recently gained more attention due to its aggressive marketing tactics is called Bitcoin Trader. It claims to be…

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