Consumers Intending to Invest with Cryptocurrency - cyptoranking.com

2024-05-08

Popular crypto exchanges(2023 Update) 2024-05-08
Image: cyptoranking.com

Besides these six consensus mechanisms, there are several other algorithms used in blockchain networks. So far learned, it is clear that each block in a network is not simply created, but they have undergone an algorithmic agreement, where the validators consense to create/mine new blocks. Binance Exchange announced the delisting of its XRP/BUSD in a blog post today. The news comes just days after XRP recorded its lowest transactional activity for 2023. Consumers Intending to Invest with Cryptocurrency“It’s a matter of accountability, and there wasn’t much of that for this recovery fund,” Meanwhile, Tether said last month that it has resumed lending out USDT to customers.Cardano (ADA) Regains Top Spot in Development Activity, According to Crypto Analytics Firm Santiment

Exchange Rankings Crypto
Image: cyptoranking.com

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.Thousands of users fall victim to data breaches every day. That’s why now it’s more important than ever to understand what data breaches are, how they happen, and how to prevent them.Most websites store user data in some shape or form. When they experience a data breach, controlling the spread of the compromised data becomes very difficult. The effects of a data breach can be devastating, with permanently damaged online reputation or even identity theft.For crypto traders, a password breach might mean a substantial financial loss. That’s why it’s essential to understand more about data breaches and how to protect your passwords – and your money.How data breaches happen Data breaches can occur in several ways and for many reasons. A malicious party outside the organization is typically to blame – but someone within an organization can also cause them. When a data breach happens within the organization, it’s often the result of an unintentional accident, human error, or infrastructural weaknesses. However, they can also be insider jobs – a data breach deliberately carried out by someone within the company.When a data breach happens due to a malicious party targeting the organization, it’s known as a deliberate attack. These deliberate attacks may involve techniques like ransomware, phishing, social engineering tactics, SQL injection, or brute-force attacks.Stolen credentials – the most common cause of data breaches Unsurprisingly, stolen or leaked credentials are most commonly responsible for data breaches.When a password is stolen or leaked, it becomes available to unauthorized parties and can be used to access various personal or business accounts. Cybercriminals can steal passwords in several ways, including keylogger programs, phishing, social engineering, brute-force attacks, and, sometimes, simply guesswork.A stolen password can have severe consequences for users and organizations, exposing accounts to cybercriminals and potentially causing significant financial losses.The biggest data breaches of 2022 This year has seen many major data breaches exposing the data of millions of customers. Here are some of the most significant incidents this year to date: January 17, 2022: Hackers broke into almost 500 crypto traders’ wallets on crypto.com and stole $18 million in bitcoin and $15 million in Ethereum.March 21, 2022: The Lapsus$ hacker group breached the authentication company Okta, affecting 2.5% of the company’s customers.March 23, 2022: Cybercriminals successfully stole $625 million in cryptocurrency from the makers of Axie Infinity.July 21, 2022: Hackers breached the data of approximately 5.4 million Twitter users and put it on sale with their phone numbers and email addresses.How can cybercriminals use stolen data?Hackers can use stolen data in many ways, some of which are worse than others. What criminals do with stolen data largely depends on whether it’s business or personal.Personal informationSell it for profit. Cybercriminals may put stolen data up for sale on the dark web. According to Experian, criminals can sell data for anywhere between $1 to $2,000.Steal money or commit financial fraud. Stolen data may give attackers access to bank or investment accounts – a relatively easy way to steal the user’s money.Commit identity theft. Hackers may use stolen data to open new credit cards or file a tax return under the victim’s identity.Cause damage on social media. Cybercriminals may also use stolen data to access the victim’s social media accounts. They may share posts as the victim or contact their friends and followers to ask for money.In most cases, the victim will have to jump through hoops to restore their life to how it used to be, including contacting the authorities, changing all login credentials, and notifying family and friends.Corporate informationStolen corporate information can have a devastating effect on an organization’s reputation too.When a significant data breach occurs, users may lose trust in an organization and its ability to handle their information securely. This loss of confidence can seriously impact the business long-term, causing irreversible reputation damage.Of course, stolen corporate information may also lead to major financial losses, like in the cases of the data breaches listed above. Overall, data breaches pose serious risks – whether at an individual or corporate level.How to prevent a data breachIndividuals and organizations can prevent data breaches in various ways, including:Keeping software up to date.Being mindful of phishing attacks.Shredding documents with personal or financial information.Only using secure websites.Checking credit reports.However, since most data breaches happen due to weak or stolen passwords, let’s look at how to improve your passwords.Improve your password securityPassword security is vital in data breach prevention. Strong passwords are much harder to crack and will be more effective in keeping your accounts safe. Here are some tips for password security:Create unique passwords that are at least 12 characters long.Use lower and uppercase letters and a combination of letters and numbers.Include at least one special character. The longer and more complex your password is, the harder it becomes for hackers to guess or crack it.Keep your passwords safe. Using a reliable password manager could help you always create strong, uncrackable passwords and store them in a secure, encrypted place. Password managers can help avoid human errors and make your accounts more secure.Data breach prevention tips for crypto wallets With crypto trading becoming more popular, crypto-related data breaches are increasing too. Protect your crypto wallets with strong passwords as your first line of defense. Here are some tips for keeping your crypto wallets safe:Create complex passwords. Malicious tools for brute force attacks and password guessing are easily accessible to hackers. If your passwords aren’t strong enough, hackers may be able to break into your crypto trading account and empty your wallet. Use unique passwords. Don’t use the same password on several accounts. Unique passwords are also essential because of the risk of third-party data breaches. One email account could compromise all shared passwords if it suffers a breach.Use a password manager. Remember your complex and strong passwords with a password manager. These helpful cybersecurity tools let you store, autofill, and save as many strong passwords as you want. Your passwords are easily accessible on any device – but only to you.About NordPassNordPass is a highly rated password manager created by Nord Security – a global company specializing in personal and business cybersecurity solutions.NordPass allows users to store, autosave, and autofill unique, complex passwords to secure their online accounts. Users can also store credit card information, notes, and other sensitive information they want to keep securely. The NordPass Premium subscription comes with a handy Password Health tool that detects weak, old, and reused passwords on your accounts. NordPass also has a built-in Data Breach Scanner to check if your passwords, email addresses, or credit card details have been leaked so that you can protect them immediately. NordPass operates under zero-knowledge architecture, meaning that only you know what you keep in your secure password vault. All your passwords and sensitive information stored in NordPass are protected with XChaCha20 encryption for advanced security.Special Deal: NordVPN's 2-year and 1-year Standard, Plus, and Complete plans come with 3 months free!Light Up the Xmas Tree With 1xBit and Win this Christmas In conclusion, it is entirely plausible to anticipate that Bitcoin, as the leading open and permissionless value network, will surpass bureaucratic-led technical experiments. The same fundamental principle that propelled the World Wide Web ahead of government-based intranets—the ability to move swiftly, innovate continuously, and operate on a global scale—is the driving force behind bitcoin's potential to become the worldwide digital value standard. Bitcoin's remarkable agility, innovative spirit, global reach, and significant head start make it a formidable contender. In contrast to the prevailing belief in the inevitability of CBDCs from governmental authorities, a more logical standpoint may be skepticism regarding the practical viability of CBDCs altogether.This Is Bitcoin’s First Line of Support if the Bears Prevail (BTC Price Analysis) Order Book Explained - Coinbase Pro, Blockchain & Binance - YouTubeAnimoca Brands Secures $20M Funding to Drive Ambitious Mocaverse Metaverse Project – NFT's Making a Comeback? Dapps enable financial tasks to be performed in a decentralized environment. These dApps are supported by a blockchain-distributed ledger and run on a decentralized network. The dApp is used by the user to process data across remote networks and carry out financial operations.

Along with VCs, companies and individuals are also preferring AI to crypto. Meanwhile, Bitcoin’s hashrate, in terms of the seven-day SMA, hit a record peak on October 8, 2023. The hashrate soared to 440 EH/s, even with the difficulty scaling a record 57.32 trillion. Limit Order Book VisualisationOn September 25, there was a brief dip in the price that confirmed the significance of the trendline (green icon). However, after that, TOTALCAP picked up its pace of ascent and reached a peak of $1.10 trillion on October 2. 5. Lisbon, Portugal

Alameda and Cumberland Enabled USDT Arbitrage 19. WAGMI Reserve Bank of India's wider NDF access may require foreign exposure proof, say bankersThe IMF sees global economic growth of 2.9%, down 0.1% from this year despite several macro and geopolitical events that impacted growth this year. It cited the pandemic, Russia’s invasion of Ukraine, the breakdown of the world economy into blocs, and the central bank policy tightening as major reasons. BNB continues to trade at $209 at the time of writing.

Have an opinion on this story? Share it!