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 Prevent your bitcoin account from hackers

Sometimes you have to face different issues with your funds. They may be snatched or hacked by someone. Whereas, bitcoin is a digital currency and addresses may be hacked by someone. To prevent from hacker, bitcoin must be kept behind multiple layers of security. In this article, we will discuss the ideas, how you can prevent your accounts as well as your addresses.

The most important feature of the bitcoin is transactions aren’t reversible. This means that once you do transactions either receive or send coins, they don’t have revers back feature. But, if your bitcoin account gets hacked then also you are not able to get back them.

Make sure first while you are dealing with someone via bitcoin technology. That person should be reliable and well-reputed. These precautions are necessary, but this is incomplete security.

To secure your accounts some basic personal checks, which may reduce the chances of your account being hacked or compromised. They are;

  1. Secure your email account
  2. Secure your technology related social media accounts
  3. For all the online accounts, use unique and strong password
  4. Enabling two-factor authentication

The Main Issue:

Someone breaks into an unlocked house and take precious diamond jewelry away. This is not jeweler’s fault. You were not able to keep your things secure from a robber. Same with the email accounts. People says that their accounts got hacked. The reason is they don’t completely put security to their accounts.

If a hacker has access to your email account, he will see the history of websites you log in. In addition, will visit the sites one by one and ask to reset the new password. Once the password gets restart, you will easily cut off from your account.

Secure Your Email Accounts:

Following are some terms by which you can secure your account.

  • use the strong and unique password
  • keep eye on login activity
  • review and remove email auto forwarder
  • the review linked accounts
  • 2-factor authentication

Use Strong And Unique Password:

Now, its technology era and you have to follow its rules and regulations. When you make an account on social media you have to use unique and strong password consisting of letters, words or capitals. In addition, especially in a case of bitcoin. You have to make sure that your password is strong, tricky and unique.

Keep Eye On Login Activity:

well-reputed email provider websites allow you to see which locations and devices recently accessed your email account. If your email account is open on both laptop and mobile, sites will show you double login sessions. And, you don’t recognize your login session, immediately sign out of all other sessions.

Review And Remove Email Auto Forwarder:

Most of the email sites provide a feature where email can be forward to different addresses automatically. If you monthly received the invoice from telephone company then your spouse or housemate will receive the copy of the same email. Which is more secure for your email accounts.

Prevent your bitcoin account from hackers

Here, the issue is, if the hacker got access to your accounts in past. Possibly they have auto-forward setup. Accordingly, the one for sensitive emails to be forwarded to them. These saved emails can be used against you.

Review Linked Accounts:

Review links accounts may be used for good and bad both purposes. We humans like new changes in our routine life. The problem is when we don’t want to log-in and after switching to new one, emails still send to the old addresses.

In that sense, you simply link to two accounts. And, you also have the accesses to both accounts, you can log into the new one, link the old one and all emails sent to the old account will still arrive in your new account. You can send email from a new account by using the other addresses. while you are doing small business it is useful for you. Where you can receive, and send the email to the same inbox. But, the problem is still the same. If your account gets hacked and hacker receives and send the emails same as you. In that scenario, you don’t have another option. So, keep your accounts secure by adopting different ways of security.

2-Factor Authentication:

Two factors authentication needs two things to get access to your email account.

  • your password
  • your mobile phone

If two-factor authentications are enabled, no one can get access to your email account.

Secure Your Technology Related Social Media Accounts:

People are friendly with the social media they do the same with email accounts. They won’t need a new password or new email account.

 

 

Social Media Accounts

For all the online accounts, use unique and strong password

your password should be strong and unique. The reason behind is,

Why Should Password Be Strong And Unique?

we already discuss that password of your accounts should be strong. It is simple, that your login different accounts with same and simple password. You are leaving your account open to hacking.

Especially, when you are treating with bitcoin wallet addresses. you need more security for your funds. Hundreds of time we log in with hundreds of the sites. Which may have an option of encrypting. So, it’s totally up to you to choose a suitable and reliable site for your transactions.

It very simple for the hackers to hack bitcoin wallet. So, use password management tool for a strong and unique password. It will help you surely.

Enabling Two-Factor Authentication:

Prevent your bitcoin account from hackers

One of the best and free ways to secure your accounts is two-factor authentication with the time period of two minutes only. 2F-authentication create an extra layer to any account by requiring two things. Are, • something you know which is your password. And,

  • something you have is your device

Now, many sites support two-factor authentications including google, Luno, and Facebook etc. It is possible that you already receive a message with the one-time pin for certain transactions from your bank or credit card provider. These are the type of 2F authentication.

How To Enable 2FA?

  1. Download and install 2FA app:    

You need to install well reputed and reliable 2FA app on your device. Like, freeOTP, authy, google authenticator, And, set it up on supported sites.

  1. Set up 2FA on your online account:

There is a large number of sites who support 2FA authentication. For setting up, please contact the supporting sites. For example, I am giving you the example of Luno. Below is some instruction for Luno,

 

 

Prevent your bitcoin account from hackers

You have to,

  • Add a new account
  • Scan QR code as shown by site
  • Save that account

Luno will send you six-digit code,

Prevent your bitcoin account from hackers

  • Store this code and store it in safe place
  • Type it into your 2FA app
  • Click enable

Above code changes in every 20-30 seconds. Your device and Luno now connected. As a result, if someone wants to get access your account, he/she have to get Luno password first.

Closing:

There are too many ways to secure your bitcoin account from hacking. In the end, a decision is yours.

Good luck!

 

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Supply Chain Blockchain: Eximchain Raises $20 Million!

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Eximchain was established in 2015 at the Massachusetts Institute of Technology’s (MIT) media lab and is a supply-chain focused blockchain startup, which has managed to raise more than $20 million from a group of investors. Eximchain is basically an MIT-based software development company which uses blockchain to advance the SCF (supply chain financing).

blockchain supply chain

Supply Chain Financing

SCF allows investors to fund an organization through its supply chain procedure by providing them further operating capital and functioning cash flow to upsurge its effectiveness and lessen risk. Companies that effectively succeeded this cash flow have reduced their inventory by almost 30%, heading to substantially lower working costs.

Even as a startup, it has managed to raise the funds to advance its own public blockchain which runs by private smart contracts, in order to offer multiple solutions for recording, executing and disseminating information for supply chain shareholders.

Who’s behind the funding?

One of the major cryptocurrency hedges from China, FBG Capital was behind the funding. There were also many other participants included such as;

  • INBlockchain, which is a blockchain capital firm. It was founded by a Chinese cryptocurrency activist, Li Xiaolai.
  • Kinetic Capital, which is a Hong Kong-based investment firm.

Now moving towards the token airdrop, Eximchain says that it will see approximately 1.5 million ERC20-based EXC tokens disseminated to contributors after verifying their identity. According to the company, EXC can be also transformed into the native tokens, on the blockchain of Eximchain itself.

Hope Liu’s Statement

Eximchain’s co-founder and CEO, Hope Liu stated;

“After experimenting [with proofs of concept] on ethereum or private blockchains, the enterprise world is looking for technical solutions that can be deployed immediately to solve real supply chain problems. There is a huge potential for blockchain technology to revolutionize supply chain processes, and we are all excited to see the progress that Eximchain will help bring to this industry.”

The funding is actually what makes the firm one of the latest ones to join the highly popular trend of distributing airdrops, through which firms allot tokens for free to the concerned parties, rather than holding token sales in the existing ambience of regulatory obscurity.

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Bitcoin price analysis

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Bitcoin Price Analysis:

Bitcoin reaches the heights of its value. Because its value is zooming up to $1700. The price of coins may vary from time to time. At this time, bitcoin is enjoying the rise of its value.

 

Bitcoin price analysis

 

Over the past week, block size and scalability debate were taking back seat and have a look to value’s variation. According to the users perspective, the rise in value is due to the heavy traffic of transactions and busy network.

Technical Analysis

On 5 may 2017, a number of unconfirmed transactions hit the ATH at 140,000. Actually, this is not the right way you are analyzing the values. No doubt, there may be a large number of scams behind transactions. Prices and premiums between the various USD exchanges have been fluctuating wildly, with GDAX and Bitfinex often leading in price.

 

Bitcoin Price History:

 

Bitcoin price analysis

 

GBTC, an over-the-counter, an American financial market is using a BTC plagiaristic to the public. Yesterday, which hit the ATH of $2,000 We expect the premium if COIN FTE gets approved.

 

Bitcoin price analysis

In price estimation mode, it is really hard to estimate targets and true resistance in price. Accordingly, the price target of $4000 isn’t impossible. A few weeks ago, it hits the measuring target of $1575.

Bitcoin price analysis

A slightly modified pitchfork yields targets around $1,800–2,000, with price recently breaking the resistance diagonal rather cleanly.

Bitcoin price analysis

Similar to the structure of January 2017 and November 2015, the Heikin-Ashi chart represents the price fluctuations of bitcoin.

Bitcoin price analysis

Summary

The transaction will continue to plague bitcoin when mostly new users and traders join the bitcoin network. By using suitable fee, avoid from the stock transactions. Trading and investing in a digital world is much risky. This above analysis of price is for information and for advice as well. Therefore, these data or figure can be different on other sites. The reason is, the price fluctuates.

 

Tags: Bitcoin technical analysis.

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Bitcoin Launch futures dragged down prices, Fed paper shows

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Bitcoins

A decentralized cryptocurrency- bitcoin is the most liquid form of currency in the digital world today. Stored in digital wallets existing in clouds, this facilitates the transfer of value without intermediation from banks or central authorities.

Bitcoin future

Validations performed by miners in a group of transactions are awarded coins. The follow a set of cryptographic rules which keeps the system balanced and stable. These transactions are verified in the digital public ledger, blockchains. How to get Bitcoins? To obtain these coins you can either exchange it in monetary value, get transferred or by performing Bitcoin mining. It can be bought or sold for fiat currency. It can also be invested in trading too.

These coins are being accepted for the means of transactions. There are a growing number of retailers who have currently started accepting bitcoins. The commercial usage and recognition are expanding swiftly day by day.

Bitcoin Futures

BTC is the U.S cash settled cash contract based on the reference rates. BRR are the reference rates settled once in a day against US Dollar price of single bitcoin. This rate aggregates the trade flow of calculated window in an hour trading in spot exchanges into the 1 Bitcoin to US dollar price.

A single BTC contract has a value of 5x the value of BRR Index. It is quoted in the amount of US dollar per 1 bitcoin($/Bitcoin). These tick movements are monitored and have a value of $US 25 per BTC feature tick movement.

The minimum quantity threshold of five contracts. BTC Futures expires every last Friday of every month. It follows a quarterly cycle every year in the nearest two months. And the next two months following will not be in the quarterly cycle. For example, if the active contract months are March and December, then January and February will be the nearest two active non-quarterly months. As the December contract expires, the June contract becomes active. And as the January contract expires, the April contract becomes active. This process continues throughout each year.

BTC Futures provides investors with transparency, price discovery and risk management capabilities. Bitcoin is quite a lot big portion of growing digital asset market. This contract allows participants to allow access to Bitcoin market and hedge any direct exposure to Bitcoin pricing.

The Downfall

After climbing the highest peak of its life of nearly up to $20,000, the sudden downfall of the currency is not seen as a complete coincidence. According to the researchers, the Feds at most, this sudden peak and rapid fall is tied directly to the launch of the futures market. But many believe that this trading behavior accompanies the futures markets’ introduction commonly. Trading has been thin from the week prior to the opening of this futures market. The gradual fall is undoubtedly a result of lack of attention or willingness entering the first week of trading.

This digital asset, cryptocurrencies are considered as one of the biggest opportunities of our generation. This currency can be easily and profoundly used for international remittance. The salient feature that it eliminates the middleman in any transaction in financial services has managed to grasp the interest of a lot of companies now.

But how is Bitcoin taking its biggest fall? According to another perspective, this digital currency is worth only as much as anybody else (coin holders) is willing to pay for it. Can the investors and holders trust these bounces? Being so volatile, moving too much too fast makes Bitcoin very unpredictable. The optimists meanwhile are ready to fuel the blockchains with the cryptocurrency. They are not ready to guard down the expectations and faith on this open software anytime soon.

Applications approving the usage of bitcoin exchange and the gradual increase in the practice day by day proves its increasing importance and value in the market. It cannot be denied. But do the billionaires bashing on bitcoin makes it a better thing to buy?

The future of the bitcoin is as volatile and unpredictable as its peak has been. But the future value and prices of the currencies largely also depends on the recognition and investment of any of financial institutions in the currency. And only if they more willing to accept bitcoin as their means of payment and encourage its usage.

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current value of bitcoin

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The rise of Bitcoin continues as It rose to an all-time high on Monday. The current value of bitcoin is around $8,000. It comes after CME’s declaration that it will soon launch Bitcoin trading, and Square uncovering it will pilot Bitcoin deals by means of its Square Cash application. It’s for these reasons that one research firm trusts that Bitcoin’s prosperity has just barely begun.

Ronnie Moas, the author of Standpoint Research, wrote in an answer to customers: ‘There have been numerous positive improvements amid the last five months and a couple of obstacles that were in Bitcoin’s direction have been thumbed down.

An argument can be made that the uplifting news is still not completely reflected in the current value.’ They trust the cost for Bitcoin is set to surge to $14,000. Bitcoin was launched in 2009 by a puzzling software engineer referred to as Satoshi Nakamoto, which is believed to be a pseudonym, who has never given an interview. Bitcoin caught the mainstream financial attention after its value expanded by up to 1,000 percent since the beginning of this year.

At the start of the year, Bitcoin was just trading around $800 per BTC, but the current value of bitcoin has gone past $8000, which is clearly the indication that there’s no stopping this currency.

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Bitcoin Is Rapidly Overtaking Fiat In Venezuela

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A prolonged hyperinflation of the Venezuelan bolivar has made it just about unusable. Over the last couple of months, bitcoin has taken control over the country as the primary currency and the citizens have been using the digital currency to buy basic goods, medicine, and other key items.

Patricia Laya, Venezuelan Bureau Chief at Bloomberg, has revealed that the daily limit of country’s ATMs is set at 5,000 bolivars, worth around $0.05. Laya expressed that she had held up 20 minutes in line to get $0.05 in hyperinflated currency worth just about no value.

Because of the deficiency of money and the quick decrease in the valuation of the Venezuelan bolivar, the residents have started to investigate different strategies for payments since the start of 2017. Since the estimation of money has dove and the residents, organizations, and experts have effectively dismissed the cash, the majority of the Venezuelan population has started to opt for alternative forms of money.

Consistently, the fame of bitcoin inside Venezuela has surged, as a rapidly expanding number of individuals have begun to use the digital money as the primary cash, medium of trade, and store of value.

In a meeting with the Associated Press, Venezuelan inhabitant John Villar expressed that he has purchased two plane tickets to Colombia, his better half’s medicine, and paid his workers with bitcoin in the previous month. Villar stated that he plans to keep using bitcoin like the majority of Venezuelans.

“This doesn’t involve politics. This involves survival,” said Villar.

Currently, it is nearly impossible to buy any goods or services with Venezuelan bolivar, given its low value and adoption in the country.

In coming days, Venezuela may become the first country where bitcoin takes over the national currency and becomes country’s main financial system.

But Why Bitcoin, And Not Some Other Currency?

In Venezuela, the majority of the people have lost trust in the government, national bank, and banks. Its currency is almost broken and its esteem has dived to a point where no goods or services can be acquired with it.

Bitcoin is a decentralized and peer to peer currency framework, store of significant value, and a safe haven asset that shows a trustless ecosystem. Anybody inside the system can send and get payments from each other on a shared premise, without the involvement of intermediaries.

In future, bitcoin will probably rise as the real substitute to the declining fiat monetary standards. In the long term, bitcoin could even replace multi-trillion dollar fiat currencies like the US dollar, Japanese yen, and Chinese yuan, if it continues its current development rate and exponential increment in value.

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