CoinSwitch:Buy Bitcoin and Cryptocurrency at India's Leading... - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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Much of the DeFi downturn is attributable to an industry-wide activity slump. DeFi’s aggregate TVL is down 75% from 2021 highs of $320 billion to just under $80 billion today – part of a pullback in overall onchain activity. However, as always, crypto investors are urged to “make your own assessments, research these and the many other projects that show similar hot network activity on this model in weeks to come.”NEAR Protocol Price: Will NEAR Price Stop Declining & Go Upward? CoinSwitch:Buy Bitcoin and Cryptocurrency at India's Leading...Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.One of the main factors that determine the quality of a cryptocurrency exchange is undoubtedly its degree of security. Recent events have reminded us that this factor should not be compromised.Photo: Adobe StockEnsuring maximum security for its users is by far the most critical aspect of any reputable trading platform. PrimeXBT has, to date, never been hacked and has a solid reputation for reliability and the way the administrators manage the security of this must-have exchange.Cold storage, maximum securityIt should be noted that the majority of bitcoins are stored on the platform's wallet via "cold" wallets. This is called cold storage. This way of storing crypto-assets provides users with maximum security because the funds are not directly accessible from the outside but are locked offline to minimize the risk of unauthorized access. Furthermore, in order for PrimeXBT users to withdraw funds, a number of crypto assets are kept in a "hot" wallet or hot storage. Daily withdrawals can be made smoothly.Moreover, transfers between the hot wallet and the cold wallet are confirmed using multiple signatures (Multisig), which is the most secure and most used way of managing this type of process in the crypto industry. This security standard contributes greatly to reducing the risk of having what is called a point of failure.CloudflareIn addition to the security measures mentioned above, PrimeXBT protects its users' crypto assets with Cloudfare, a specialized solution against distributed denial-of-service (DDoS) attacks."Cloudflare's anti-DDoS protection solution secures websites, applications and entire networks while ensuring that legitimate traffic is not compromised. With 172 Tbps of capacity, Cloudflare's network blocks an average of 126 billion daily threats, including some of the largest DDoS attacks in history."It should also be noted that the platform's hardware is hosted on Amazon Web Services (AWS) servers, which gives it enough capacity to run its powerful and efficient trading engine.In concrete terms, what happens is the following: all data exchanged between the user and the platform is fully encrypted using a full SSL encryption system, making it almost impossible to intercept.User-side securityFrom the user's point of view, PrimeXBT has obviously put in place all the security standards used in the industry to ensure the best protection. Among these best practices, we obviously think about how to secure access to PrimeXBT accounts. We're talking about a powerful password combination combined with 2FA authentication based on Google Authenticator (two-factor authentication). This form of authentication is a very secure method by which a user can access a computer resource (a computer, a smartphone or even a website) after presenting two distinct proofs of identity to an authentication mechanism.Using 2FA authenticationIn addition, PrimeXBT your password and privacy by hashing them using bcrypt with a "cost factor" of 12 and encrypting all other sensitive data.Fast registration process without KYCThe security offered by Prime XBT also concerns the private life of its users. It ensures them certain confidentiality, in particular by not requiring them to pass mandatory KYC (know your customer) checks. Thus, users' data is not linked to their names. This becomes even more important in case of hacking of the platform. Hackers would not be able to associate an account with personal identifying information such as a physical address, phone number or email address. Prime XBT is an unregulated exchange that does not conform to local banking restrictions.Use of white listsIn the unlikely event that a hacker manages to gain access to a user's account, it should be understood that their crypto funds are protected through the use of what is known as a whitelist of Bitcoin addresses. These are pre-approved BTC addresses. This prevents hackers from sending bitcoins to any of their addresses, which are not on the user's validated whitelist.Use of white listsEmail notificationIn addition to all the measures mentioned above, PrimeXBT also allows you to control what happens to your account through email notifications when someone logs on to the account or when there are transactions.To sum up, we can say that Prime XBT is undoubtedly one of the most secure platforms available today. Although it is not regulated, it more than makes up for this by offering its users complete security and confidentiality of their accounts.Learn about the PrimeXBT platform and how to trade like a pro with PrimeXBT's copy trading option.Current Bonus Plan: When you first register at PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, equal to your deposit (up to a maximum of $7000). Full details here.CryptoMeister gives tips for choosing a trading platform for cryptocurrencies Sui Chung: Quite a lot has happened, and then quite a lot hasn't happened. In the meantime, unsurprisingly, the SEC has extended the comment period for the spot bitcoin ETFs.

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“I'm sure that we as a country, we as a people and we as a company will be able to get back on our feet and get back to normal,” Samocha said. “Crypto is here to stay, blockchain is here to stay and we will need education, we will need content and we will be here to provide it.” Ethereum and Bitcoin Spark are at the forefront as projects break through limitations to foster the growth of Web3. These two networks provide platforms for growth by going beyond just offering a digital currency that can be used to buy goods and services, as well as an investment vehicle that stores value and hedges against inflation.What is Ethereum?Ethereum was birthed in 2015 by well-known computer scientists and blockchain developers who attempted to go beyond offering a decentralized digital currency. The platform has grown significantly to become the second-largest crypto platform by market capitalization. Ethereum is an open-source proof-of-stake network that deploys smart contracts and decentralized applications while minimizing risks associated with fraud, downtime, centralization, or interference from third parties. Is Ethereum a good investment?The Ethereum ecosystem is powered by ETH, which offers a wide range of cryptographic utilities. ETH is actively traded on crypto exchanges for spot and futures traders. The crypto asset is also held for capital gains by investors and can be used to purchase goods and services. ETH is also used as gas fees on the Ethereum mainnet when network participants transfer crypto assets on the network. All these utilities put the project a step forward towards mainstream adoption, and investors, alongside crypto experts, believe the project is sustainable for future growth. However, Bitcoin Spark is a better investment than Ethereum. Here is why.Bitcoin Spark vs. Ethereum: Which is a better investment?Ethereum has the potential to skyrocket during the incoming bull market. However, great profits and capital gains are hidden in this new Bitcoin fork project called Bitcoin Spark. Ethereum has a large market capitalization, peaking at $55 billion in the last bull market. This means that for ETH to gain a 2X return from its price at the time, which was $4,891, the platform’s market cap has to double as well (assuming the supply of ETH remained constant). However, what about a 357% gain in a few weeks? This is what Bitcoin Spark is offering new investors who buy BTCS tokens in the current presale phase 7, where each BTCS token retails at $3. The massive 300+ gains will come true when the project goes live on the mainnet shortly after the ICO event sells out. The ongoing phase 7 also includes perks for all participants. As a token of appreciation for early adopters, the Bitcoin Spark team has set mechanisms to automatically award a 7% bonus to all orders executed before phase 7 ends.After launch, many start-up projects fail to manage price fluctuations, leading to massive sell-offs and investor sentiment dying out. Alongside an effective marketing plan called innovative marketing that will continue to create brand awareness, the Bitcoin Spark team has set a price stability mechanism in place. Wallets that receive BTCS tokens directly from the ICO deployer address will automatically be eligible for a two-fold mining rate that will continue to benefit BTCS holders for two years, allowing them to accumulate thousands of dollars.After the two years end, the feature will automatically cancel, and the mining process will stabilize and become level for all network participants. This will discourage ICO buyers from selling their tokens after the official launch, encouraging more participants and investors to join the ecosystem.For more information:Website: https://bitcoinspark.org/Buy BTCS: https://network.bitcoinspark.org/registerEthereum (ETH) Surpasses Key Threshold; Maker (MKR) & InQubeta (QUBE) Show Signs of Momentum The Six Best Crypto Technical Tools to Try in 2023“No Bitcoin was sold during the month,” Hut 8 said, stressing that the company owns one of the largest self-mined BTC reserves among publicly traded firms. “Total balance of Bitcoin in reserve was 9,366 on September 30 — 7,269 of which were unencumbered,” the firm added. He revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform.

Recently in an event in Charleston, the famous digital artist Beeple and Yuga Labs came together to unleash physical prints of the highly popular CryptoPunks NFTs. This occasion is part of a bigger movement to ensure that digital artworks are close to their traditional counterparts by unveiling physical editions. As part of the initiative, Yuga Labs and Beeple are set to offer a physical dimension to CryptoPunks non-fungible tokens (NFTs). You might also like: Hacken boosts Binance proof of reserves securityBlockraise to support Scotcoin development ARK Invest amends Bitcoin spot ETF application in race for SEC approvalPosition Trading Other Important Developments

The seven individuals remain in custody and are likely to be formally indicted by the prosecution before the end of the month. The FCA's new regime for crypto asset financial promotions took effect on Oct. 8. The new rules apply to crypto promotions across various media forms, from websites and social media outlets to online advertising. The regulator said unregistered crypto asset firms who fail to comply with the new financial promotions guidelines are likely to be in breach of section 21 of the UK's Financial Services and Markets Act 2000. This would be a criminal offense, punishable by up to two years imprisonment, an unlimited fine, or both. Kraken|Buy crypto with the world's best crypto exchangePEPE experienced rapid growth, however later fell prey to internal team issues, and a controversial token transfer, leading to a market downturn. The aim was to overcome certain limitations of ERC-721 and make the market for non-fungible tokens more dynamic and interactive.

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