Indian cryptocurrency exchange Buyucoin has reportedly been hacked and sensitive data of about 325,000 users has reportedly been leaked onto the dark web. According to reports, the leaked data includes personal information, encrypted passwords, user wallet details, order details, bank details, PAN numbers, passport numbers, and deposit histories.

Buyucoin, a Delhi NCR-based cryptocurrency exchange, has reportedly been hacked. The exchange has more than 350K registered users and has facilitated over $500 million in cryptocurrency trades, according to its website. Several local news outlets reported that sensitive data of about 325K customers has been dumped onto the dark web. IANS publication detailed on Friday:

The data leaked include names, e-mails, mobile numbers, encrypted passwords, user wallet details, order details, bank details, KYC details (PAN number, passport numbers) and deposit history.

Independent cybersecurity researcher Rajshekhar Rajaharia explained to the publication that the 6GB file on MongoDB database contains three backup files with Buyucoin data. The researcher also found his own information that he used to create an account on the platform last year among the leaked data. “This is a serious hack as key financial, banking and KYC details have been leaked on the dark web,” Rajaharia was quoted as saying.

On Twitter, a number of users said that their information was leaked. Rajaharia tweeted: “Trading in cryptocurrency? 3.5 Lakh Users data including me leaked from Buyucoin. The leaked data contains name, email, mobile, bank account numbers, PAN number, wallets details etc. Again didn’t informed to affected users by company.”

Buyucoin is the latest victim of the infamous hacker group Shinyhunters, which has been leaking databases for free on well-known English-speaking forums, according to the Economic Times. The group also leaked data of e-grocer Big Basket, educational technology platform Unacademy and payment aggregator Juspay.

Israel-based darknet threat intelligence provider KELA confirmed the leak to the publication. The firm’s threat intelligence analyst Victoria Kivilevich explained that “These records are now circulating on the dark web and available for use by other cyber criminals.” She added that they can use the data for anything from “phishing scams to gaining admin privileges and access into corporate networks if corporate credentials have been leaked.”

Since reports of the security breach emerged, Buyucoin has released two official statements on the matter. The first was written by its CEO, Shivam Thakral. He wrote: “In the mid of 2020, while conducting a routine testing exercise with dummy data, we faced a ‘low impact security incident’ in which non-sensitive, dummy data of only 200 entries were impacted. We would like to clarify that not even a single customer was affected during the incident.”

Rajaharia responded to the exchange’s official statement in a tweet: “Such an irresponsible statement by Buyucoin. I am your registered and KYC verified user. You leaked my own data too. Please change your statement asap. What if someone used my account in any illegal activity. Please inform your users right now.”

The Buyucoin CEO’s message was subsequently replaced with a different one by the exchange. “Regarding the media report,” Buyucoin wrote:

We are thoroughly investigating each and every aspect of the report about malicious and unlawful cybercrime activities by foreign entities in mid-2020.

There have been no further updates from the exchange at press time.

What do you think about this Buyucoin hack? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement 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.

The world’s most popular crypto dropped over $3,000 after reaching a lifetime high of $40,100

The world’s most popular crypto, Bitcoin dropped over $3,000 after reaching a lifetime high of $40,100.

In addition, it’s key to note that the widely used crypto exchange, Coinbase is down at the time of writing this report.

What this means: After hitting a new all-time high of $40,100 a few hours ago, the price of the world’s most popular crypto sunk to approximately $36,500 at press time, a decline of nearly 7%.

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Follow Olumide on Twitter @tokunboadesina or email [email protected] He is a Member of the Chartered Financial Analyst Society.

Hi I’m lovelyn from Nigeria I want to know more about bitcion and I’m interested in d business thanks

Seem weird that your article fails to mention that it moved up $4,000 in the very same day just before eventually taking a $3,000 dip. Seems like an important detail. It’s now at $39,745.

The Office of the Comptroller of the Currency (OCC) has provided conditional approval to Anchorage Digital Bank.

The Office of the Comptroller of the Currency (OCC) has provided conditional approval to Anchorage Digital Bank National Association, the first federally chartered digital asset bank in history.

This development was revealed by the federally chartered crypto bank via its Twitter handle.

It tweeted, “Crypto deserves a bank, and we are immensely proud of being approved as the one to set the standard.”

Read the full announcement 👇👇https://t.co/0bvQHtCbCj

— Anchorage (@Anchorage) January 13, 2021

Having such a license places Anchorage Digital Bank firmly on the same regulatory footing as other American national banks in the country.

That said, the Crypto bank will be apple to offer unique services such as sub-custody services within reach for any traditional financial bank that wishes to offer customers access to Crypto assets.

Such a banking charter is the first seen in modern history, as the new Crypto bank continued that saying the banking charter will hinge upon unique requirements:

“As an enforceable condition of approval, the company entered into an operating agreement which sets forth, among other things, capital and liquidity requirements and the OCC’s risk management expectations.”

Ripple announced via a Job listing site it was looking to hire three central bank technical partner managers.

Ripple, a leading crypto fintech company, is going forward to bring the XRP Ledger to central banks.

Recently, Ripple announced via a job listing site that it was looking to hire three central bank technical partner managers – one for each of its offices in London, San Francisco, and New York.

Whoever fills those highly ranked positions will be mandated to design and deploy central bank digital currency (CBDC) projects.

READ: This is how Cryptocurrency works

Ripple also acknowledged that leading US banks could issue stablecoins on the XRP Ledger:

READ: Ripple’s XRP on a grand slam win, gains 20%

Recall that a powerful financial regulator, through the Comptroller of the Currency (OCC),  clarified details on American national banks’ and federal savings associations’ authority in taking part in using stablecoins to conduct payment activities and other bank-permissible functions.

What you should know: Stablecoins are cryptocurrencies created to minimize the price swings that occur in a crypto asset. They are usually pegged to fiat currencies and often exchange-traded commodities.

READ: Crypto owners robbed of 1,150,000 XRP

Stablecoins give owners a sense of security as users can store their assets whenever there is high volatility in the crypto-verse or other financial markets.

In terms of Bitcoin’s level of interest, Nigeria has been adjudged the highest performing nation worldwide.

Nigeria, Africa’s largest economy and home to over 200 million people, has the highest interest in Bitcoin globally.

According to a recent report released by Google, Nigeria emerged the first amongst other countries around the world in Bitcoin searches on Google.

READ: Africa’s internet economy has the potential to reach 5.2% of the continent’s GDP by 2025 – Goggle/IFC

READ: Computers might steal Satoshi Nakamoto’s Bitcoin fortune

READ: List of Cryptos outperforming Bitcoin, with weekly gains of over 100%

READ: Ethereum Miners earn a staggering $1 million in 1 hour

Unsurprisingly, a significant number of young Nigerians have started utilizing cryptos, in a bid to avoid the numerous challenges faced with the traditional money transfer services, such as high costs and slow speed, amongst others.

In an explanatory note to Nairametrics, Ekene Ojieh,  Head of Public Relations and Corporate Strategy at Buffalo Chase – a crypto analytic firm, gave key insights on how some Nigerians use cryptocurrency for wealth preservation.

READ: World Bank set to invest over $5 billion in drylands across 11 African countries

“Nigerians use bitcoin not just as a store of value but also as an investment. Its accessibility enables anyone to send and receive bitcoin from any part of the world, unlike getting US dollars for international transactions.

“It is worthy to note that bitcoin is still a volatile asset. The upside of this is that one can make a significant amount of profit in a short time frame,” said Ojieh.

READ: Why intelligent investors are secretly buying Bitcoin

Then, it becomes unsurprising to see leading crypto brands like Binance, FTX, Paxful, Crypto.com, printing their labels in Nigeria, as it is apparently one of the fastest-growing crypto markets in the ever-changing world.

Bitcoin on-chain analysis is indicating that Bitcoin miners are dumping BTC at exchanges. Earlier, Bitcoin (BTC) tanked more than 13% earlier today going all the way below $30,000 levels. Although BTC has partially recovered and currently trading around $31,000 levels the bearish sentiment continues in the market as per on-chain data. Major points:

CryptoQuant CE Ki-Young Ju mentions that this dip might have started by the F2Pool Bitcoin miners.

— Ki Young Ju 주기영 (@ki_young_ju) January 22, 2021

— unfolded. (@cryptounfolded) January 22, 2021

Grayscale has been on a massive buying spree over the last week. The digital asset manager purchased more than $1.2 billion worth of Bitcoin (BTC) over the last seven days. This purchase comes as Grayscale raises an equivalent amount from its clients.

— Michael Sonnenshein (@Sonnenshein) January 21, 2021

Also, the assets under management for other Bitcoin products have also increased in recent times.

Grayscale’s Bitcoin Trust Product at $22.6bn – up 93.7% in the past 30 days

ETC Group’s BTCE product at $483.5mn (up 113.8% since mid-December

Coinshares Bitcoin Tracker Euro product saw an increase of 64.4% to $1.42bn pic.twitter.com/C4jKH1pT8K

Ex Goldman Sachs manager and popular investor Raoul Pal has already jumped into the opportunity. He wrote:

“For longer-term HODLers of BTC and ETH this is probably a good time to start accumulating more. Personally, Ive added more ETH and now time to add more speculative crypto. Have not pulled trigger yet as doing some homework on it. Good luck ! Ugly price = opportunity”.

The above reported Bitcoin Miner dumping may be partially due to global shortage of chips which recently hit China’s bitcoin mining industry as reported by reuters. This is leading to rise in Bitcoin mining equipment in China and might suffocate the small miners spread all across China. It seems that large bitcoin mining corporations are clearly ahead in this game as small miners will have no other options except to sell their Bitcoin to keep up with the rising prices of mining equipment.

To keep track of DeFi updates in real time, check out our DeFi news feed Here.

Bitcoin has been struggling to gain any momentum throughout the past several weeks. Following its rally past $40,000 that resulted in a strong rejection, the crypto has been range-bound between $30,000 and $40,000.

This has allowed altcoins to see some notable momentum, although declines like the one seen today have weighed heavy on their price action.

One trader is noting that there’s a bright side to this selloff, the market was overdue for a correction to sweep liquidity, reset premiums, and liquidate the vast sea of massively leveraged long positions.

At the time of writing, Bitcoin is trading down just over 2% at its current price of $35,100. The crypto rallied as high as $38,000 yesterday before facing a harsh rejection that paved the way for the overnight decline.

Bears sent BTC as low as $34,000 overnight, with the buying pressure proving somewhat significant.

It does appear to be funding some strong support at the moment, which could mean that it will soon see a reversal back into bulls’ favor.

All selloffs are not created equal, and this one may actually be unique in that it lays the groundwork for a more sustainable move higher.

One analyst spoke about this possibility, explaining that degenerate leverage positions have widely been cleared, giving way for a potential Bitcoin rebound.

“Man I love this dump. Nature is healing. Cleanse the market from these degenerates,” he said.

Where the entire market trends in the coming few days should provide some insight into the significance of this Bitcoin movement.

Canadian augmented reality provider NexTech AR Solutions—whose shares are trading on the Canadian Securities Exchange—has removed millions worth of Bitcoin from its treasury, according to a press release published on Jan. 22. The reason behind the move is the fake news about Bitcoin allegedly suffering a critical flaw called "double spend" that started circulating yesterday, according to NexTech CEO Evan Gappelberg:

This sale reflects our awareness that something potentially has changed with Bitcoin which is seen as the digital version of gold. The news that has emerged is that a critical flaw called a "double spend" may have occurred, which if true allows someone to spend the same Bitcoin twice, undermining faith in the system. If the system is built on scarcity and faith in the system, then a "double spend" would eliminate both—essentially destroying the store of value it was meant to be. In light of this potential outcome, I have decided to move to cash as this story is still unfolding.

On Jan. 21, cryptocurrency media outlet Cointelegraph published a widely criticized news article about a double-spend transaction being spotted "in the wild" on the Bitcoin blockchain. On top of its sensational and misleading headline, the controversial article also contained a dubious quotation from a proponent of Bitcoin SV, a rival Bitcoin fork, that was left unquestioned.   After the story stirred plenty of fear, uncertainly and doubt (FUD) and even got picked up by the mainstream media, "Mastering Bitcoin" author Andreas M. Antonopoulos took to Twitter to completely debunk the article.

In reality, no double-spend transaction occurred: a block was simply orphaned as a result of two conflicting transactions, which is a rather common occurrence on the Bitcoin blockchain:

In case it needs to be said: no double spend happened. Some very bad reporting full of incorrect information happened, but that's a common occurrence…Nothing weird or outside the consensus algorithm happened. Bitcoin continues to work exactly as it should. The only thing that happened is bad "journalism" if it can even be called that. In a bubbly market, a rumour can circle the globe before it is debunked.

Antonopoulos minced no words when bashing the "irresponsible" reporting, going as far as calling for a boycott of the outlet.

Blockstream CEO Adam Back was also among many prominent Bitcoiners who took aim at the misreported story:

There was no #bitcoin double spend. Stop misreporting stuff, seriously.

As reported by U.Today, NexTech AR Solutions invested $2 million into Bitcoin as a long-term store of value and a gold alternative and intended to increase its position. The company had made a $200,000 profit on its initial investment.

This has been because of Covid-19 pandemic that has dominated the news throughout the year. The impact of Covid-19 has been a great fuel on the price boom of Bitcoin and other major cryptocurrencies. Due to the increased use of digital currencies, Bitcoin has set a new record of trading above $24,000.

Among the most popular cryptocurrencies, Ethereum was the biggest gainer of the year. Even though Bitcoin is still ranked number one crypto by market cap, Ethereum performed better than Bitcoin this year.

ZAP is trading at around $0.113773 with a daily trading volume of $1.3 million and a market cap of $26.9 million. The ZAP coin is in the 333rd rank by market cap (MC). Zap is a digital currency and it functions on the Ethereum platform.

The coin is traded on top crypto exchanges such as HitBTC, Poloniex, Ox Protocol, Bitrue and ProBit. In 2020, ZAP has gained by more than 4985 percent. Its all-time high/low is $1.83 (Jan 13, 2018) and $0.001334 (Nov 15, 2019), respectively.

Currently, Pirate Chain (ARRR) is trading like a hot cake at about $0.182642. ARRR is ranked 300 by MC. Its total market capitalization is standing at $31.5 million with a volume (24h) of $2.547 million.

Its all-time high is $0.296761 with an all-time low of $0.012739 (March 16, 2020). ARRR has managed to gain by over 4428% in this year.

Celsius (CEL) gained by more than 3555% in 2020 and is continuing to skyrocket further. At the time of writing, CEL is changing hands at almost $3.66 with a 24-hour up of 15.2 percent, with an MC of $874.7 million and Vol (24h) of $8.849 million.

CEL is in the 32nd position by MC. Celsius was created in 2017 and its all-time high price is $3.86 (Dec 24, 2020). 

One of the reasons why CEL is on demand is that it provides financial services on terms that are not offered by traditional banks.

Some of the services include automated rewards, higher rates of returns on deposits and savings, and provides easy loans. Celsius has its own wallet platform called CelPay that leverages users by snowballing the payout value. Celsius returns around 80% of profit margins to its users.

Auctus (AUC) is changing hands at around $0.114538 (3.02%) with a market cap of $3.6 million and Vol (24h) of $1,188. AUC has gained traction in 2020 and has gained by over 3019 percent.

AUC also operates on Ethereum platform and is traded on various exchanges including 1inch Exchange, Hoo, V2 and many others. Its all-time high is at $1.27 (May 5, 2018).

Elrond (EGLD) is currently in the 55th position and is trading at about $24.73 with an MC of over $361.3 million and Volume of $49.8 million. Elrond has gained by over 2097% in 2020.

EGLD is being traded in exchanges like eToroX, OKEx, Bitfinex, Binance and Sistemkoin. Its all-time high is still $29.74 that it hit on Dec 22, 2020.

Elrond is a DLT platform for the fresh internet economy, DApps as well as enterprise use. Elrond wants to make EGLD a perfect store-of-value asset. That is why investors are running to invest in it.

There is no doubt that Bitcoin has been in the driving seat over the past couple of months. Its epic performance has eaten into the crypto markets to such an extent that altcoins are still largely on the floor. That is all except Chainlink which has literally shot for the moon this month.LINK Lashes Rival Cryptos has made monumental gains over the past month, surging over 270 percent as its market capitalization tops $1 billion. It has performed that well that it is now 16th place in terms of market cap which is above NEO, IOTA, Cosmos and Ethereum Classic. With another $100k or so LINK will be as big as Dash.LINK prices YTD. Coinmarketcap.comAs a wall of red bleeds into crypto markets during Asian trading today, LINK is bucking the trend and still gaining. At the time of writing Chainlink was trading at around $3.50. Considering this altcoin was less than $0.30 at the beginning of the year, it has pumped over a thousand percent.Very few others can match that performance. Even Litecoin, which has pumped 300 percent this year, is way behind comparatively. Bitcoin meanwhile has made around 200 percent in the same period.Chainlink is a blockchain project that attempts to solve a problem involving adjudication of smart contract inputs and outputs. It provides a tamper proof link to solve the oracle problem for smart contracts that have no knowledge of real world data.According to , the projects solution to this problem involves the use of a decentralized network of oracles to lower the risks associated with placing trust in a third party. The economic model build around the LINK token is based on incentives or activities such as paying for data and putting up collateral or reputation to improve the reliability of oracles in the network.Why The FOMO? Chainlink is the hot cake in crypto land at the moment, just as EOS was in April last year. As we have seen time and time again these fomo driven altcoins can come and go pretty quickly. Verge was good example of such a massive pump and dump on a promise of some ground breaking tech, and XVG is virtually dead these days, down over 97 percent from that peak.Fundamentally, LINK prices have been driven by a couple of things recently. The clearly gave it some momentum but these exchange driven pumps are no longer what they used to be. A possible tie up with Google Cloud, which earlier this month, caused an epic spike in prices.The same Google also mentioned Ethereum, which didnt move indicating that a lot of the LINK action is purely speculation and fomo which is all part of the ebb and flow of crypto asset market cycles.Image from ShutterstockThe post Crypto Hot Cake Chainlink (LINK) Surges 270% in a Month, Is it Just FOMO? appeared first on NewsBTC. Source: NewsBTC.com

By CCN.com: Crypto thieves have shown that theft can sometimes be a piece of cake. Taking the phrase “get the dough” to the next level, a cryptocurrency ATM machine was audaciously jacked from a bakery in California last week.The theft took place at the Belwood Bakery in Brentwood Village, Los Angeles, and is the latest in a string of robbery attempts on the establishment.CBS News has reported that thieves have unceremoniously snatched a cryptocurrency ATM machine right off the wall of the Belwood Bakery. The CCTV security video via the news channel shows a masked assailant crashing through the shop’s glass doors in spectacular fashion with a sledgehammer in hand like a crackhead version of Thor looking for cash for his next fix.The crook made a beeline for a cryptocurrency ATM machine hanging on the wall. After whacking the machine two times with the sledgehammer, it came free from the wall. The imbecilic hammer-armed robber tried to open the machine by thwacking it a few more times, but to no avail. On realizing the ATM wouldn’t crack so easily, the bumbling thief propped the machine on his shoulder and bounded out onto the street.The shop’s owners told CBS News that this was the third break-in in recent weeks and is literally the icing on the cake to cap off a few bad weeks for the establishment.CBS showed a video dating back to December 21 where two hooded thugs used the same glass door smashing strategy to enter the bakery. The shop was also robbed on November 18 by another group of crooks. During both earlier robbery attempts, the thieves came away empty handed. At this moment, it is still unclear if the break-ins are related or if the thieves actually made any money from the thefts. But one thing that is certain, you do not need forensic evidence or retina scans to identify morons.The Belwood Bakery has been in operation since 1994 and is known for its delicious pastry products and friendly service. One of the owners of the family-run Belwood Bakery, Derek Tran, informed the news outlet that he didn’t know if the cryptocurrency ATM machine had any money in it or not. He did say that it’s quite difficult for such a small business to survive when they are routinely experiencing robbery attempts.Let’s hope that the thieves were smart enough to realize that bitcoins are not actually physical coins. They are obviously lacking in the brain department. Aside from a bit of pocket change, what did the thief expect to do with the broken cryptocurrency ATM machine? Sell it to an avid crypto ATM machine collector? Disguise it as a hotdog vendor?

In this day and age, crypto-currencies have become a very lucrative source of investment and monetary exchange. There is a certain vocabulary that you need to know, especially if you are a new investor. 

Like in the normal world, there is some lingo widely accepted in the crypto ecosystem. 

If you are a Reddit user, you have probably seen the tons of terms used by Reddit users to refer to Bitcoins and Ethereum. 

The rise of Bitcoins has led the investors to form an organized crypto ecosystem, and they only speak in these terms if they have to convey or send a message to fellow crypto users.

The term pump and dump mean buying and selling. This term is mainly used when an investor buys (pump) a ton of bitcoins when the price is low and sells (dump) when the price is excessively high. Users who follow this regularly are said to be ‘pumping and dumping.’

This term is a bit dramatic. Bagholder usually refers to the people who hold on to bitcoins after a severe market crash. This term is used to refer to investors who bought the bitcoins at an excessively high rate and missed the opportunity to sell them at the right time. 

In simple words, the investors are left with bitcoins that are worthless, but they are sure that the prices will rise. 

 Whales are what you call ‘bulls’ in the stock market. They are very wealthy and can move the market in no time; credit goes to their huge capitals. Whales hold ridiculous amounts of bitcoins. Cryptocurrency prices can be altered due to whales. 

HODL is undoubtedly the most famous crypto term. There is a funny context behind the invention of HODL. This crypto term originated when a drunk person was typing in the subreddit of Bitcoin and mistakenly spelled HODL instead of HOLD; since then, the term has gone viral. 

Investors often try to hold onto their investment when the market is volatile.

You may have got the idea of how this phrase is impactful here. This phrase is used by traders when the price of Bitcoins skyrockets to the moon. Many would say the prices of bitcoins ‘mooned’ the last year, which means the prices went up 10-15 times the prices they bought them for.

All other cryptocurrencies other than Bitcoins are called altcoins. ALT is the first three letters of the word alternative. Another term used to refer to cryptos that have no potential is Shitcoin. These coins do not have the potential for a price hike in the future, but the users keep holding on to them. 

ATH stands for All-Time High. The best price of a particular coin is referred to here. For instance, Bitcoins hit their all-time high in December 2017.

Shilling means the act of buying a particular coin and bragging about it to the public so that others invest in that coin, too; this is basically an attempt to pump its price.

Bullish means the price will rise in the future of this Cryptocurrency. It is done by amateur analysts; mostly, they don’t work. It is the cpomagazine.com of working in the crypto ecosystem.          

On the other hand, bearish is just the opposite of bullish; it is the prediction that soon the prices are going to crash.

Last but not least comes FUD, which is the abbreviation for Fear, Uncertainty, and Doubt. FUD is nothing but fake news and gossip spread by people in the crypto ecosystem who want the price of a certain coin to drop. 

For instance, you can say, “ABC is spreading FUD” a person spreading FUD is called FUDster.  

These were the top Ten Crypto Terms You Need To Be Aware Of In 2021. These terms are used by traders on a regular basis. Learning these terms as soon as possible helps you progress in the crypto ecosystem.    

Investments in the traditional things are outdated nowadays and therefore, new things have taken over the market.In the traditional times, people prefer investing in the real estate and stock exchanges and some also prefer investing in the currencies but the scenario has completely changed now.

Now people prefer investing their money in cryptocurrencies like bitcoins but after you have bought them, where will you store them? Well, the answer to this question is definitely the wallets available for this purpose.

It is a very common answer that a Wallet is always used for storing your crypto currency balance but how will you make sure if you choose is perfect. Well, that is to tell you that in the list of available wallets that you will find in the market, each one of them is not going to be the good one for you.

Therefore, it is very necessary for you to do a complete evaluation of all the necessary factors that are important for choosing a perfect wallet. Here, we are going to enlighten you regarding important factors to consider for choosing a good wallet to store your bitcoin balance.

When we talk about a Wallet for storing your crypto currencies, you will definitely look over the internet. The internet would be providing a lot of options in the list of wallets that you may choose. However, you will definitely get confused because there are a lot of them available. In order to refine the process of choosing a perfect wallet, we are going to tell you about some crucial things that you should consider while making a choice.

You might be thinking how authenticity of a Wallet could be checked? Well, a very simple and sophisticated way of checking the authenticity of a bitcoin wallet is none other than reading out its reviews. A good quality wallet for storing your bitcoin would definitely have the highest number of positive reviews. You can check these reviews in the review section of the website of the wallet. Do not forget to check this because it is the most important thing that is going to help you in choosing a good wallet.

Whenever you are going to face some trouble with the wallet in the transactions, it is none other than the customer support service which is going to help you. Therefore, another most important factor to be considered while choosing a Wallet for storing your bitcoins is customer support service. Make sure to check the customer support service of the wallet you are going to choose by calling them and texting them so that you can check how good they are going to help you.

Most of the time, you are going to come across a wallet which is going to offer you unlimited transactions and also unlimited limits but there are some of them which do not have this feature. Some wallets do impose some restrictions on the transaction and also limits of the bitcoins that you can trade. Therefore, make sure to choose the one that has no limits and provide you the facility of unlimited bitcoin trading and storing

When it comes to choosing a perfect wallet for storing your bitcoins, the one thing that you can never forget your security. It is highly important for you to choose a Wallet that offers a high degree of security so that you do not lose your bitcoins. There are several things that are necessary to be checked likeMulti signature authorisation,SSL site security certificate, two factor authentication and many more like this.

Also, it is very necessary for you to go through the types of wallets available in the market for you. Several types of bitcoin wallets that you can choose from our hardware wallet, software wallet and  web wallet. Make sure to choose the one which is highly favourable for you.

We have described the most important things to be considered while choosing a wallet for storing your bitcoins. We provide you complete assurance that with the help of these considerations, it is going to be a piece of cake for you to choose a perfect bitcoin wallet. If you want to know more about bitcoins, you can visit ethereum code.

With the year almost ending, bitcoin’s market cap currently sits at over $500 billion, with the digital asset controlling more than 70% of the crypto market share. With a market cap of $0.5 trillion, Bitcoin’s valuation had surpassed financial behemoths such as JP Morgan, Goldman Sachs, and CitiBank, as of press time.

But while the entire crypto space is agog with the fact that big money is flowing into Bitcoin and prices are hitting new highs, no one is thinking about the other end of the scale. The inflow of “big money” comes at a cost.

Although it seems like Bitcoin is gaining mainstream adoption, one could argue that the recent events are merely an exodus from traditional finance. Most of the recent institutional participants look to Bitcoin as a viable store of value and an option to diversify their portfolio. This right here is a problem with institutional adoption.

The Bull Run of 2017 was primarily fuelled by retail investors. But this time with players larger than retail whales, this characteristic is eroding. Data reveals that 16.12% of Bitcoin’s current market cap is now being held by institutional investors. Furthermore, as reported by BTC PEERS, 78% of Bitcoin is now illiquid, with only $4.2 million worth of Bitcoin being in circulation for buying and selling.

Grayscale, for instance, has a Bitcoin trust that constitutes $16.3 billion out of its $19 billion assets under management. With Grayscale out of the picture, up to 7.52% of the bitcoin in circulation is being controlled by other institutions. Surprisingly, it took most of these giants only a quarter to accumulate this much.

At this pace, Bitcoin could reach $100,000 per coin. But one cannot deny the fact that these institutions like everyone else are in for the profits. A question no one is asking is what happens when an institution like Grayscale decides to take profits or de-risk their portfolio? This could spell mass dumping. A classic example of this is Bitcoin’s price dump in 2018 when Mt. Gox liquidated around $312 million worth of Bitcoin through a Japanese exchange – BitPoint.

If crypto regulations become unfavorable, there is no doubt that these players will quickly take profits. Ripple is a clear case study in this regard. A mass exodus of institutional players out of Bitcoin could mean the death of the digital currency.

BITCOIN PEOPLE! SAVE yourself now! Short Bitcoin / U.S. Dollar (BITSTAMP:BTCUSD)   ZombieStar   BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar Trend Analysis Chart Patterns Harmonic Patterns BTC dumpitagain hideyourkids 272 views 15 1 trendanalysis chartpattern harmonicpatterns btc dumpitagain hideyourkids This setup looks treacherous! I'll go through each point step by step. In the meantime, save yourself from what's coming!! Comment: Under monthly VWAP, also breaking below last month VWAP. Comment: the dumping in March Comment: Comment: The only time that this setup has worked out to the upside was BTC at 3.5k--and only after months of serious selling. Comments Сomment with cheer Post Comment georgio777 Sold all Reply

The first days, after the Filecoin mainnet launch, were marked with miners’ riot and price dump accusations. However, the founder of the project, Juan Bennet, declines all the critics and claims that everything is going according to the plan. At the same time, the FIL coin price fell just after the mainnet starting point and tried to correct it. What’s going on with Filecoin? Let’s make a quick overview of the Filecoin project and try to figure out its future. 

Protocol Labs from California, USA, announced the start of work on the Filecoin project back in 2014. Its main goal is to create a decentralized service for the distributed storage of various information. Within the project, a new communication protocol IPFS (InterPlanetary File System) was created, which was supposed to replace the outdated HTTP.

With their brainchild, the creators of Filecoin want to compete with giants such as Google, Amazon, or Dropbox in the storage space. Thus, developers create a distributed network for storing a wide variety of information of any size, be it a single file or huge databases.

During the testnet, there were Filecoin futures contracts on the coins from ICO. Their price was about $3-$10. After the mainnet launch, the price of Filecoin boosted up to $105. On the next day, this rate was reduced twice to $53. Meanwhile, Justin Sun accused the Filecoin team of dumping the price of the asset. 

According to Sun, the founders of Filecoin violated the agreement they signed with all investors in FIL under the SAFT concept. Juan Benet called San’s accusations a lie. According to him, the project team did not sell FIL. 

Benet referred to the Verge article and stated that the Tron Foundation head cheated to get profits. He calls the accusations against Protocol Labs an attempt to steal the success.

Filecoin Price by Nomics (A Crypto Market Cap Provider)

As we already told in the Filecoin review article, the FIL cryptocurrency ICO was bombing back in 2017. During this initial offering, $257 million were sold. $200 M of them were sold in the first hour of the presale. The ICO took place on the CoinList platform, which supposed to be used by confirmed USA residents only. There were many investors including Winklevoss Capital, Digital Currency Group, Andreessen Horowitz, Naval Ravikant, and Y Combinator. 

According to users’ technical analysis on Trading View, there are controversial opinions on Filecoin’s future. Some of the traders say that there are too much hype and FOMO on the FIL coin. People see the bearish trend on the Filecoin chart. So there are two scenarios of future activities: you can short FIL coin, or you can take an opportunity to buy Filecoin at a lower price and get profit in the future. 

Considering the numbers, the price predictions based on AI, such as Wallet Investor and Digital Coin Price, foretell the same figures. So, by the end of 2020, the FIL coin price will probably reach $60. Filecoin cryptocurrency might maintain its position until 2022 when it will go up to a hundred dollars. In 2023, the price can go down again to the point of $84. However, the FIL coin might reach the $150 price point by the end of 2025. 

The Filecoin project is up-and-coming. Here are just some of its benefits, which already guarantee half the success:

Miners are motivated enough because the reward has been increased to 25%. So the cryptocurrency is attractive both for ordinary users who want to use the services and those who are more interested directly in blockchain technology.

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Source: ———–cryptocurrency

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TL;DR Breakdown:

One of the biggest Ethereum blockchain rivals, Polkadot, has become the fifth-largest blockchain in the cryptocurrency market. The price of the blockchain’s native digital currency “DOT” recently surged to another level not seen since the network’s history, thereby raising DOT‘s market capitalization to a new level above Litecoin. 

Since December 2020, the cryptocurrency has been on a strong price momentum pushing up from $5.22 on December 28 to $9.1 on January 1, as seen in the chart below. 

It’s left to be seen whether Polkadot’s crypto will possibly surpass XRP, which recently faced a heavy dump amid the US SEC charges against Ripple, the blockchain company behind the crypto. 

Polkadot is an interoperability blockchain protocol founded by Gavin Wood, one of the founders of the leading blockchain network, Ethereum. Since the mainnet was released in May 2020, the native cryptocurrency has grown steadily and ranked as the seventh-largest digital currency by market capitalization on September 8. Its blockchain has attracted many developers building on it, including projects like KILT and Moonbeam, which is reportedly working on scalable smart contracts. 

As recently as December 8, Huobi invested $5 million to support the Polkadot ecosystem.