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In this video I talk about data privacy and why everybody should be deleting their current browser and use Brave browser from now on. Let be safe out there! Thank you so much for every view, like and subscribe. It means a lot! hope you enjoy!
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Nothing I EVER say should be considered advice. This channel is made for entertainment purposes ONLY. I don’t want anybody losing money so please DO YOUR OWN RESEARCH! only invest in what you don’t care to lose and most important, have fun!
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Follow me if you love Crypto and would like news and updates on the Cryptocurrency Industry. I have been in the industry since 2016 and Daily since 2017. I love this industry and I am excited to be at the beginning of this freedom revolution! Below are all my links to shill on you ;)
Twitter: https://twitter.com/skystruckcrypto
Facebook: https://www.facebook.com/SkystruckCrypto
My Favorite Exchanges Coinbase: https://www.coinbase.com/join/58c0bf475386f4009721cb75
Binance USA: https://www.binance.us/?ref=35006516
Binance: https://www.binance.com/?ref=12930982
KuCoin: https://www.kucoin.com/#/?r=7MHc2b
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The following technical analysis will evaluate whether Ethereum, XRP, and Litecoin are bound for a deeper retracement or a bullish impulse.
The post Crypto Black Friday Blowout Comes Early, But Who’s Buying ETH, XRP, and LTC? appeared first on CCN.com
With the Supreme Court of India postponing the crypto hearing, the Indian crypto community is calling for better protection when trading on P2P platforms. Several top crypto exchanges in the country have shared their processes and policies they have implemented to protect their P2P platform users.
Also read: Indian Supreme Court Wraps up Crypto Hearing for the Year
With the Indian supreme court postponing hearing the arguments against the banking restriction by the central bank, crypto traders in India will have to continue using peer-to-peer (P2P) trading platforms to buy and sell cryptocurrencies for INR. In addition, the government has decided not to introduce the bill to ban cryptocurrencies in the Winter session of parliament.
Since the Reserve Bank of India (RBI) banned financial institutions from providing services to anyone dealing in cryptocurrencies, a number of local crypto exchanges began offering P2P trading to their users. However, according to Indian news analysis platform Crypto Kanoon, there are problems some people are facing when using these platforms. “Many users of P2P exchanges are facing bank account seizure & FIRs,” Crypto Kanoon explained last week. “Money they received for selling crypto was sent from hacked bank accounts … Enquiry reveals that the culprits often use fake KYC docs.”
“Hackers are easily able to create accounts on your exchanges either with fake ID’s or through identity theft,” Crypto Kanoon alleged, directing questions at local crypto exchanges concerning their anti-money laundering (AML), anti-terrorism funding (ATF) and know your customer (KYC) policies. Crypto Kanoon further wrote:
Do you think that the time has arrived when all the virtual assets services providers in India need to join hands together and design a standard protocol for KYC, AML & ATF? Especially when the draft bill will take time to get introduced in Loksabha.
“Don’t you think video KYC will help in controlling this growing menace?” the exchanges were also asked. Crypto Kanoon also set up a poll on Twitter asking the community whether they think P2P exchanges need to adopt stricter KYC process. In total, 788 votes were gathered and 84% said yes.
A number of cryptocurrency exchanges responded to Crypto Kanoon’s questions. The CEO of local crypto exchange Pocketbits, Sohail Merchant, explained that his exchange has “already deployed a customized video KYC solution since May for P2P trades.” He added, “You can be certain that the user you will be transacting with is thoroughly verified and not a scammer.” Noting that video KYC is mandatory for all INR-based transactions, he further clarified, “We do have certain other comprehensive checks to verify authenticity too.”
“For us, user safety is always number 1 priority,” Wazirx CEO Nischal Shetty emphasized, adding that his exchange has “stringent KYC processes.” Regarding the aforementioned problems, he shared:
Our data does not show this to be a large problem. Isolated cases may be. Nevertheless, we’re working on solving these isolated issues and will announce measures at the right time.
Responding to the question of establishing a standard protocol for all exchanges, Shetty agreed that it is “Definitely a good idea if everyone agrees to get together and do it,” but raised the issue of enforceability of such standards. His exchange was recently acquired by Binance.
Bitbns CEO Gaurav Dahake said his exchange would consider video KYC but for now users have to submit proof of identity, address, and a “Selfie with today’s date, Bitbns written, and signature.” He added, “we run it through a couple of checks on the images and post that a team manually verifies it.”
Coindcx CEO Sumit Gupta was adamant that his team takes security very seriously. “For KYC verification, we already have a system in place, where a user has to upload a selfie with PAN card and a list containing text (Coindcx, current date, and signature),” he explained. “At support, we verify the photo, user details, etc.”
Indian crypto traders are also facing the problem of banks closing their accounts if they are found to engage in any crypto activities, as news.Bitcoin.com previously reported. Banks look for clues including in the payment “remarks” box for any crypto-related keywords such as the name of crypto exchanges.
To combat this problem, Wazirx changed its payment remarks function on Sept. 25 after receiving multiple requests from its users. “This is the most wanted feature for Wazirx P2P,” the exchange wrote, adding that payment remarks are important for two key reasons. Firstly, it helps sellers confirm transactions faster, especially if they are dealing with multiple buyers. Secondly, it ensures that buyers do not enter keywords relating to cryptocurrency and get into trouble with their banks.
What more do you think Indian crypto exchanges should do to help protect P2P users? Let us know in the comments section below.
Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Images courtesy of Shutterstock.
Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.
The post What Indian Crypto Exchanges Are Doing to Protect P2P Users appeared first on Bitcoin News.
The bitcoin price may be down 15% on the week, but one high-profile crypto investor is focused on fundamentals and says the bottom could be in.
The post Bitcoin Price Falters but Fundamentals Remain Intact appeared first on CCN.com
As digital assets have grown valuable over the last decade, hardware wallets have become a mainstay and there’s now a variety of choices on the market. However, people still worry about their devices being tampered with during the shipping process and the firm Shift Cryptosecurity AG wants to erase the anxiety tied to these types of attacks. In order to curb vulnerabilities in shipping hardware wallets, Shift created a tamper-evident packaging product called Bitboxtep.
Also Read: A Review of the Swiss-Made Digital Bitbox Hardware Wallet
Cryptocurrency hardware wallets have been very popular during the last few years and many digital currency proponents use them to secure their assets. Although when buying a hardware wallet, some people worry about the delivery process and attacks like a postal employee opening the device. Since the introduction of hardware wallets, the industry has seen different tamper-evident methods like tamper-resistant holographic tape and other schemes used to protect the device from being accessed before reaching the owner.
Now Shift Cryptosecurity AG has designed a new method called Bitboxtep which aims to eliminate attacks during the shipping process. Shift is the creator of Digital Bitbox, a minimalist hardware wallet. News.Bitcoin.com reviewed the first Bitbox product in February 2018. Digital Bitbox has a few privacy features other wallets don’t have like “plausible identity” using hidden wallets. Now the company has initiated the alpha testing of Bitboxtep or Tep so people can experiment with the firm’s next-generation tamper-evident packaging product. Shift has published a demonstration video of the new Tep packaging as well as specifications of how the product works.
“Bitboxtep is a security packaging that significantly raises the cost of tampering during shipping or storage — Our solution proposes a temporarily locked fingerprint consisting of spherical particles,” Shift Cryptosecurity AG’s documentation states. “The negative pressure achieved by vacuum sealing creates an elaborate design in a transparent vacuum bag. When the vacuum bag is opened, the spherical particles mix.” The product specifications further explain:
This makes it extremely difficult to rearrange into the original design. You compare the reference image fingerprint taken prior to shipment with the received packaging. Currently, you use your eye to verify that the pattern is unchanged. Eventually, a mobile phone supported computer vision app will verify the images to further enhance accuracy.
Shift has started accepting applications for alpha Tep testers and people interested in this new tamper-evident packaging can apply. Essentially when a user gets the unit, they need to scan the QR code to access the reference image or visit the company’s serial code portal to enter the 8-digit serial code in the text mask. Then the user needs to shake the package to make sure the particles are locked. Shift noted that a few of the particles within clusters may move freely in a small range. However, after comparing the temporarily locked fingerprints of the reference image and the packaging, the two should match. If everything checks out, then the user can cut the vacuum bag open and remove the particle pouch. From here, the product’s packaging particles should be in a loose state, but if they don’t Shift says to contact them as soon as possible. “To verify if there is a difference between your fingerprint and the reference image, we recommend to go from high level to details,” Shift’s Bitboxtep document suggests.
Shift’s specifications also note that the company has prototyped a variety of different designs and they wanted to make sure the particles would lock and ensure they become loose when the seal is broken. “We use industrial-grade vacuum sealing equipment to make reproducible test sets — We’ve tested our prototypes to work in a temperature range between +40°C and -20°C,” Shift claims. “We aim for both more intense sub -20°C tests soon and upper-temperature limitations by using high temperature resistant plastic casings.” The company stressed:
We are currently able to lock over 95% of the particles. A handful of particles in tight cluster situations tend to move within a small area, which we consider acceptable. We’re constantly improving our physical prototypes to get as close to 100% as possible. Eventually, a mix of particles with different colors (RGB) will enable even higher entropy.
The current methods used today don’t really compare to the amount of high-level security being used for Bitboxtep. In comparison, the traditional tamper-evident tape is used by most hardware wallets. Some people might find the Bitboxtep security a bit extreme, but if a person has $50,000, $100,000 or more in BTC or another crypto, then they might feel a lot more comfortable knowing their device hasn’t been tampered with during the shipping process. On social media and crypto forums, digital currency proponents welcomed the new concept from the Switzerland-based firm. “That’s really cool, I like it — As bitcoin becomes worth more, it will be worth it for thieves to invest the money to manufacture their own tamper-proof materials and boxes, so after they break into a shipment they can replace it,” a crypto user wrote on Reddit about the alpha Bitboxtep packaging. “This is a pretty good deterrent to that,” he added.
What do you think about Shift Cryptosecurity AG’s new tamper-evident packaging product called Bitboxtep? Let us know what you think about this subject in the comments section below.
Disclaimer: This article is for informational purposes only. It is not an offer, solicitation or a recommendation, endorsement, or sponsorship of any products, websites, software, services, or companies mentioned. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Image credits: Shutterstock, and Shift Cryptosecurity AG.
Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.
The post Shift Cryptosecurity Reveals New Tamper-Evident Packaging appeared first on Bitcoin News.
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