The Only Crypto Story You Need, by Matt Levine - cyptoranking.com

2024-05-14

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The Storj (STORJ) project is one that aims to provide cleaner storage services, allowing organizations to cut down their carbon footprint as well as reduce their cloud storage costs. But this under-the-radar altcoin has made it into the list. The analyst points to “High Transaction Volume, Active Addresses, Network Growth, Whale Accumulation, Age Destroyed (Consumed)” as shown in the chart. The move to support a broader decentralized economy aligns with AirSwap’s ethos, co-founder Don Mosites told Decrypt in an exclusive interview. The Only Crypto Story You Need, by Matt LevineThose seeking to become node operators without Delegator support would need to commit a significant portion of their ETH, possibly up to 1/3 of the total staking, which could amount to more than 2.08 million ETH. Consequently, any hacking attempt would be a huge cost for the attacker. The Chiliz (CHZ) token is one of the most frequently used tokens by sports clubs.

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Reliability – Another feature that also acts as a part of security, the smart contract ensures the terms of the agreement are agreeable. Utilizing the decentralized network of nodes, smart contracts are enhanced ensuring its tamper-proof. With the generous bonus tokens it offered traders and a bargain-rate royalty fee of 0.5%, Blur quickly overtook OpenSea late last year as the leading marketplace for NFTs on Ethereum. OpenSea attempted to upend Blur's newfound market dominance by dropping its minimum fee to 0.5%, but the move has not triggered a reversal. How To Buy Ethereum On eToro-Digital GrowthDisclaimer: 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 🚨 Nov 17 is the new deadline for a US Government shutdown. Why is it positive for #Bitcoin ?– Safe haven asset: Investors may turn to #BTC as a hedge against economic uncertainty and inflation during a shutdown.– Reduced Regulation: With government agencies temporarily… pic.twitter.com/at7pLAPfCm

Another very interesting property of this innovative class of NFTs is that they can sign cryptographic messages and verify signatures, interacting directly with the smart contracts of decentralised applications. This floating indicator shows potential losses or profits for open positions if you decide to close the trading position right away. This means that the value is based on real-time prices rather than incurred, inclusive exchange fees. GD Topic: Central Bank Digital Currency (CBDC)— Reserve Bank of Zimbabwe (@ReserveBankZIM) October 5, 2023 Checkmate says the metric is “the most responsive on-chain trend indicator” Glassnode has ever developed.

Although stablecoins may be less fickle than other types of cryptocurrencies, they are still using newer technology that may have bugs or uncertainties. There is always scope that you could lose the private keys that allow access to your cryptocurrency, either through a hack or user error. — Yuga Labs (@yugalabs) October 6, 2023 XRP (XRP) Price, Real-time Quote & News-Google FinanceVolatilityShares is not the only firm to abandon its ether futures ETF plans. Wang is expected to finish his testimony later Tuesday, to be followed by Caroline Ellison, the former head of Alameda Research who is also Bankman-Fried’s ex-girlfriend. Both Wang and Ellison have pleaded guilty and are cooperating with investigators.

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