Crypto

How To Stay Safe When Transferring Cryptocurrency Online

Published

2 years ago

November 15, 2022

How To Stay Safe When Transferring Cryptocurrency Online

Studying Time: 3 minutes

Cryptocurrencies have fairly shortly develop into much more mainstream than earlier than, nevertheless it’s nonetheless a really novel factor and which means studying good habits and the best way to preserve your self protected from scratch identical to all of us wanted to be taught to take action with bodily money and playing cards earlier than. Whereas it might appear scary and laborious to remain protected it may be damaged down into less complicated components which is what we’ll do right now. We hope that after studying this textual content you’ll have a greater understanding of the best way to preserve your crypto out of malicious fingers and maybe even have enjoyable studying about all of the completely different methods and strategies you should utilize. We additionally counsel staying on prime of stories on websites like Crypto Information and different publishers who’ve insiders and observe the newest crypto buzz. Let’s get into the main points.

Two-factor authentication is a lifesaver

This goes for just about your entire accounts however is after all most necessary in your cryptocurrency because it’s associated to cash. Two-factor authentication makes it so that somebody must come up with your electronic mail/telephone and your account on the similar time in an effort to really entry something. This manner if just one is compromised you might be nonetheless protected and don’t want to fret about dropping your funds.

Arrange a robust password and in addition get two-factor authentication because it actually can prevent. You might assume that there’s no method somebody is gaining access to your account anyway so that you don’t want it nevertheless it’s higher to be protected than to take dangers like that. It’s extremely handy to make use of anyway as fashionable 2FA apps have begun making it sooner and simpler to log in than ever earlier than. Don’t threat it, get 2FA.

Get a bodily pockets

Whereas the quickest and easiest answer to getting a pockets is a web-based one, there are fairly a couple of dangers that associate with them that ought to be thought-about. For those who go away your crypto within the fingers of an alternate then you definately threat dropping all of it if that alternate turns into compromised ultimately. Different on-line wallets can be compromised in numerous methods as they’ve fewer security measures than bodily ones.

Having a {hardware} pockets lets you guarantee you will have the absolute best safety in your cryptocurrency. Not solely due to the protection options of the pockets you’re utilizing but in addition due to the truth that you possibly can disconnect it bodily from the online after transferring your funds which signifies that somebody would wish to steal the pockets itself from your private home (or wherever you retain it) after which additionally get your credentials in an effort to achieve entry to your entire funds.

Bodily wallets are an even bigger funding than on-line ones as you must spend some money to purchase one, however the worth of security is price it most often and it definitely is on this one. For those who’re critical about crypto and are meaning to have a good chunk of it then bodily wallets are the best way to go for positive as at that time having a web-based one or leaving your funds with an alternate would merely be a useless threat.

Doing transfers with bodily wallets can be turning into an increasing number of easy over time because the folks making them have been listening to suggestions and criticism involving transfers and related issues so enhancements have been made and so they’ve develop into extra streamlined.

Fast hearth suggestions

This final section will cowl a bunch of suggestions which might be crucial however too brief for their very own segments. Let’s get into them:

If it sounds too good to be true then it most likely is
Concern of lacking out could make you lose cash, don’t give in to it
Don’t blindly belief recommendation from different merchants
NEVER give away your passwords and personal keys
Watch out when clicking on hyperlinks in emails as they might be phishing hyperlinks

Staying protected on-line when shopping for, buying and selling, and storing crypto isn’t that tough or scary, you simply must preserve the following tips in thoughts and be conscious of who and what you’re coping with as there are quite a lot of malicious third events on-line.

Conclusion

We hope that studying by this textual content has knowledgeable you higher on the best way to keep protected when dealing with cryptocurrencies and what you are able to do to not lose them to unhealthy folks on-line.

Crypto

Crypto Market Boredom: Bitcoin & Altcoins See Volume Crash

Published

5 hours ago

January 14, 2025

Press Room

Crypto Market Boredom: Bitcoin & Altcoins See Volume Crash

On-chain data shows the cryptocurrency traders have hit the snooze button as Bitcoin and other assets have witnessed a plunge in volume.

Bitcoin & Altcoins Have Seen A Trading Volume Crash Recently

According to data from the on-chain analytics firm Santiment, trading volume has seen a slowdown in the cryptocurrency sector during the past week.

The “trading volume” here refers to an indicator that keeps track of the total amount of a given asset that’s becoming involved in trading activities on the major exchanges. When the value of this metric goes up, it means the investors are participating in a higher amount of activity related to the coin. Such a trend implies interest in the asset is on the rise.

On the other hand, the indicator observing a decline suggests the traders may be starting to put their attention elsewhere as they are taking part in a lower amount of activity.

Now, here is a chart that shows the trend in the combined Bitcoin trading volume for four different segments of the digital asset sector:

The value of the metric appears to have gone through a decline for all of these groups | Source: Santiment on X

In the above graph, the four sides or segments of the cryptocurrency market displayed are: Memecoins Top 6, AI & Big Data Top 6, Layer 1 Top 6, and Layer 2 Top 6.

“Layer 1” assets refer to those that circulate on blockchains that handle their own security and aren’t built on top of another ecosystem. Bitcoin and Ethereum are the most prominent examples of coins of this type. The coins that aren’t on primary networks, like Polygon (MATIC) and Arbitrum (ARB), are termed Layer 2.

From the chart, it’s apparent that the six largest coins for both of these categories have seen a sharp decline in their trading volume recently. Segments like meme-based tokens and AI-related coins have also noted cooldowns of their own at the same time.

Back in November and the first half of December, the volume was high across the market as traders made a large number of moves during the Bitcoin bull run hype. It would appear, though, that the recent bearish shift has damaged the investor morale.

After the latest continuation of the decline in the indicator, trading activity in the market has slumped to the lowest level since the 4th of November, a day before the presidential elections in the US.

Generally, the market tends to see volatility when a large number of traders are participating in trading activity, as it’s their trades that fuel price moves. Since the trading volume has slumped across the cryptocurrency sector recently, it’s possible that Bitcoin and others might see a state of calm in the near future.

The low activity may even be considered a sign that there is FUD in the market, which is something that has facilitated bottoms in the past.

BTC Price

At the time of writing, Bitcoin is trading at around $90,700, down almost 8% in the last week.

Bitcoin Price Chart

Looks like the price of the coin has been going down over the past day | Source: BTCUSDT on TradingView

Featured image from Dall-E, Santiment.net, chart from TradingView.com

Crypto

Congressman Who Wanted Airport Named After Trump Buys Bitcoin, Solana, XRP Token Ahead Of Inauguration

Published

13 hours ago

January 13, 2025

Press Room

Congressman Who Wanted Airport Named After Trump Buys Bitcoin, Solana, XRP Token Ahead Of Inauguration

A member of Congress disclosed buying three cryptocurrencies in December, as the sector gets ready to welcome in a pro-cryptocurrency White House administration.

What Happened: With many cryptocurrencies hitting new all-time highs after Donald Trump’s 2024 election win, members of Congress like Representative Guy Reschenthaler (R-Pa.) are adding crypto to their portfolio.

According to Benzinga’s Government Trades page for Reschenthaler, the Republican Representative disclosed the trades recently in one filing.

Here are the cryptocurrencies purchased and the dates the trades were made:

Dec. 11: $1,000 to $15,000 Solana SOL/USD
Dec. 11: $1,000 to $15,000 XRP Token XRP/USD
Dec. 23: $1,000 to $15,000 Bitcoin BTC/USD

The transactions are the first disclosed by Reschenthaler since he joined Congress in 2019.

Did You Know?

Why It’s Important: Reschenthaler, 41, has not been as vocal about cryptocurrency as other members of Congress have been. The purchase could be due in part due to his belief that a Trump presidency will be bullish for the cryptocurrency sector.

Here is a look at how much the Congressman paid for the cryptocurrencies versus where the price is today:

Solana: 12/11 range $211.99 to $230.51, today $175.83
XRP: 12/11 range $2.24 to $2.47, today $2.45
Bitcoin: 12/23 range $92,403.13 to $96,416.21, today $91,836.61

Two of the Congressman’s purchases have lost money while the purchase of XRP has turned into a winning trade. Benzinga will closely monitor the trading activity of members of Congress when it comes to cryptocurrency in the coming months.

Last year, Reschenthaler proposed renaming the Washington Dulles International Airport, which is located 25 miles from Washington, D.C., to the Donald J. Trump International Airport.

“In my lifetime, our nation has never been greater than under the leadership of President Donald J. Trump,” Reschenthaler said at the time. “As millions of domestic and international travelers fly through the airport, there is no better symbol of freedom, prosperity, and strength than hearing ‘Welcome to Trump International Airport’ as they land on American soil.”

Read Next:

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

Crypto

VT Markets Anticipates Cryptocurrency Growth from Policy Changes and Market Momentum in 2025 Q1 Economic Outlook

Published

20 hours ago

January 13, 2025

Press Room

VT Markets Anticipates Cryptocurrency Growth from Policy Changes and Market Momentum in 2025 Q1 Economic Outlook

HONG KONG SAR – Media OutReach Newswire – 13 January 2025 – VT Markets, an award-winning financial services provider, today releases its 2025 Q1 Economic Outlook. The report highlights how the dual tailwind of favourable policies and market dynamics will propel the cryptocurrency sector into a new era of mainstream adoption. The report also underscores the transformative strides achieved by cryptocurrencies in 2024, which sets the stage for further growth in the upcoming year.

2024 As A Landmark Year for Cryptocurrency

With the conclusion of the 2024 U.S. Presidential election, cryptocurrencies have ascended from niche assets to mainstream investment products. Political developments, particularly arising President Trump’s re-election and his pro-cryptocurrency stance, acted as the main catalyst for this phenomenon. Participants observed Bitcoin’s price surging by over 40%, crossing $108,000 by year-end anticipating dovish policy shifts and renewed investor confidence towards the digital asset.

Key regulatory appointments, such as naming crypto advocate Hester Peirce as SEC Chair, signalled to the market a shift towards a more favourable regulatory framework, instilling optimism in institutional and retail investors alike.

The Rise of Spot Bitcoin ETFs

In early 2024, the U.S. SEC approved multiple spot Bitcoin ETFs; a significant breakthrough for the cryptocurrency industry then. By year-end, assets under management for these ETFs grew from $28.8 billion to $110 billion. Among them, BlackRock’s IBIT ETF stood out, achieving record-breaking $30 billion AUM in under 300 days.

This development not only validated cryptocurrencies as a mainstream investment class but also paved the way for wider institutional participation. The integration of cryptocurrency into traditional finance is seen as a key step toward standardisation – an issue which has plagued the industry since its inception.

Liquidity and Risk Appetite Fuel Growth

Macroeconomic conditions, including the Federal Reserve’s shift towards an easing monetary policy, contributed to increased market liquidity and higher risk asset valuations. Cryptocurrencies, known for their high-risk, high-reward profile, inevitably emerged as a preferred choice for portfolio diversification, further driving their adoption and price momentum.

2025 Will Be A Year of Regulatory Clarity and Technological Innovation

Looking ahead, the cryptocurrency sector is poised for greater regulatory clarity and broader market acceptance globally:

United States: Expected legislation on stablecoins and other crypto assets will a establish a clear regulatory environment.

European Union: The upcoming implementation of the Markets in Crypto-Assets Regulation (MiCA) will enhance transparency and compliance.

Asia-Pacific: Singapore and Hong Kong are set to strengthen their positions as regional crypto hubs, promoting Web3 development and reopening licensing opportunities for exchanges.

Emerging Markets: Countries like Brazil, the UAE, Australia, and South Africa are advancing efforts to legitimize cryptocurrencies, potentially becoming regional leaders in the sector.

A New Era for Mainstream Cryptocurrency Adoption

The VT Markets’ Research Desk suggests that the confluence of supportive policies, transparent regulations, and robust market conditions will accelerate the mainstream adoption of cryptocurrencies.

They believe that this transition from speculative assets to recognised investment products will be a pivotal moment in financial innovation.

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