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Are you fascinated by the incredible rise of Bitcoin? Are you planning on making a Bitcoin investment but always hold due to the lack of essential insight? Then you have come to the right place. Here we have discussed the paramount factors that – as a potential Bitcoin investor – you will need to know.
The particulars we have covered here include:
Ever since the internet took over our lives, everything is becoming more and more reliant on it. And to make online transactions, we needed a currency that was more secure and less exposed to theft.
Several digital currencies tried to claim that spot, but Bitcoin is the only one that emerged as the victor.
The reason behind Bitcoin being the primary mode of online transactions is the security, reliability and complete anonymity that it gives to users.
Bitcoin is open to everyone and is not tied to a particular country; which makes it quite an exciting investment opportunity.
A bitcoin is worth well over a thousand USD. It may sound silly to some people but this is what the truth is.
Let’s take an example of gold to understand why bitcoin investment is a good idea.
Gold reserves on our planet are in a limited. The more we mine, the less is left and it becomes harder and costlier to find and mine.
Same is the case with bitcoins. They are finite and become harder to mine over time. Here are some key reasons as to why you should invest in bitcoins.
As with any market, nothing is for sure. Throughout its history, Bitcoin has generally skyrocketed in value, followed minor, steady downfall until it settles.
If you want to understand current market trends and risks involved in the investment, go with the tools like Cryptowatch and Bitcoin Wisdom. These tools help you analyze charts and understand the price history of cryptocurrency.
As with anything valuable, thieves, con artists, and hackers are after your coins, so it’s necessary to keep them secured. But the question is, how to do so?
To gain maximum security, keep your coins in trustworthy wallets, such as Trezor and Ledger Nano S.
You can discover more about these wallets on their official sites.
The dark web is basically a concealed portion of the world wide web that can be accessed only using TOR or any other anonymous network such as Project Freenet. People use these mediums in order to access services, products, and content that cannot be accessible on the normal web. You can find videos, music, pictures, books and various other illegal items here. A very well-known dark web marketplace that goes by the name of Silk Road, has everything you can think of.
Related: Read more about TOR
Now, when you use TOR it is recommended that you use a VPN and route your traffic through it. What happens is that your ISP is unable to find out if you are accessing the Dark web and even if your IP address happens to leak due to some security flaw, it is not your actual IP address but of the VPN server you are routing your connection through.
All in all, a VPN is that extra layer of security you need to avoid any feds banging on your door at 4 AM.
However, not all VPN service providers are genuine and could land you in trouble. Here are the safest options you could go for:
With NordVPN, you can be assured that your anonymity remains no matter what. It does not keep any logs so there are no chances of any data leakage or exposure online. Along with this, it has a peer-to-peer friendly VPN service and you can use up to 6 devices simultaneously. Bitcoin is accepted here and NordVPN operates from the Panama.
Besides a few glitches in the performance and variations in the speed at peak hours, there aren’t many drawbacks of this.
The headquarters of Perfect Privacy’s servers are located in New Zealand. They ensure that no logs are stored to avoid any risks in the future. Forget data breaches as Perfect Privacy is ready to put its company at stake for your privacy. Also, it doesn’t require any third-party tools, which decreases any chances of issues. It even provides you server-based-Ad and malware filters to ensure you maintain a secure browsing experience.
However, one setback is that it takes quite some time to set it up initially.
Similar to a fellow VPN service provider, Torguard also operates from the United States. But they’re known to have privacy as their main aim which means they would even consider relocating if it were ever necessary. Torguard as well does not keep any logs which is essential for safe browsing of the dark web.
Also, Torguard has an impressive amount of servers located worldwide making it a tough competitor.
ExpressVPN allows you to conduct any peer-to-peer activities while ensuring that no logs are kept. It’s also known for its fast downloading speed, which makes it so much easier to browse the dark web.
The only drawback is that you can use only two devices at a time and you have to separately log in to each device.
Don’t be alarmed that IPVanish is located in the United States as this does not make it unsafe as a VPN option. Similarly, it accepts Bitcoin as well. No logs are stored and the OpenVPNsecurity protocol along with the 256-bit AES encryption allows you to browse the web without any issues.
A drawback is that only two devices can be used simultaneously.
We’ve outlined the top 5 VPN service providers that include all the specifications for safe and secure web browsing. It is your choice to experiment with whatever that seems suitable for you as the five companies mentioned above have you covered!
Let us know in the comments section below if you try any of these out. Also, check out this list of Darknet marketplaces you can visit with the help of the above-mentioned VPN service providers.
Story Credits: vpncomparison.org
Image Credits: vpnguru.com
We have all been hearing about the coin-split for a while now, so there are possible chances that it could happen any moment. While most miners are choosing to side with Bitcoin Unlimited and mine blocks larger than 1MB, some are sticking with the current Bitcoin asset aka, Bitcoin Tokens. This could lead to the network being split into two, aka “hard fork”.
First of all, be aware that this is a high-risk zone. Do not be holding onto more value in bitcoins than you are willing to lose. If you are planning on holding onto your bitcoins, then keep your private keys secure and under your control. Try investing in a hardware wallet, like TREZOR, Ledger Nano S etc. These will keep your private keys secure and provide you a backup PIN in case you ever tend to lose them.
You must not skip this step while installing any wallet.
We are not sure of when the fork would take place, but indications are that it could take place at any time and things could get messy from a scale of a few hours to maybe even days.
As such, our advice is that you don’t make any bitcoin transactions during that time period, at least not until we’re sure of what the post-fork situation looks like.
There is no set date given as to when the “split” could take place, which means that a fork could happen at any time. However, if BU does fork, things would get complicated for a while. For eg, post-fork, transactions will look the same on either side. If a transaction is picked up by one end, there are chances that it’d be picked up on the opposite as well and may be valid for both chains. This is called a “replay attack” and unfortunately, BU does not include “replay protection.” Ultimately, spending coins on one end could lead to the same amount being spent on the other.
What you should do is, avoid sending any transactions until the post-fork situation is clear to everyone and you are sure that Bitcoin Unlimited is a winner.
In the future, if both coins survive and you still have control of your private keys, you will have coins on both sides of the fork. But, it will be tricky to spend coins on one chain without unintentionally spending the same amount on the other end.
A solution for this would be to mine new bitcoin value after the split. If the coins are not present on either end, then no one can spend them.
Some exchanges might even set up coin-splitting services that will credit your account with BTC and BTU. Perhaps you might have to upgrade your wallet.
Also, if neither of these survives, your private keys will probably become worthless.
No one clearly knows what the post-fork scenario would appear to be, so as of now, we simply wait and see.
Hope for the best!
Tags: Bitcoin generator
Basically, fintech ventures refer to specific computer programs and use of other related technology in order to support financial services in banking and other sectors. Since the end of the first decade of 21st century, fintech has expanded a lot, now it refers to many technological innovations in the financial sector e.g.; financial literacy education and various forms of crypto-currencies.
According to a joint press release, the Singapore Fintech Association (SFA) and the Fintech Association of Japan (FAJ) have decided to work together in order to bring improvements in fintech development. Both the countries signed a Memorandum of Understanding (MOU). The press release also states that this joint venture will probably raise the financial profile of the Japanese fintech companies as well as expand the business opportunities for Singapore in wider Asia.
Chia Hock Lai, the president of Singapore Fintech Association, said that this partnership will lead to fill the gap between the fintech communities of Japan and Singapore. Natalie Shiori Fleming, Vice Chairperson of the FAJ, also exclaimed his thoughts in this regard. According to him they are looking forward to increase interaction and cooperation level between respective markets of the two countries through a deeper relationship.
Japan’s Financial Services Agency (FSA) has also updated legislative rules and regulations in order to improve cooperation and interaction level between traditional banks and fintech companies. Same is the case with Monetary Association of Singapore (MAS) in case of fintech related innovations.
An overview of the above details may arouse questions in your mind regarding fintech. First of all, what is the reason behind so much dependability and concentration on fintech?
Answer to this question in a single phrase is:
The financial industry is more than ever focused on technological innovation than it was at any other time.
All the major countries are become fintech dependent with the passage of time. At the moment, North America is leading fintech startups while Asia is following. A bird’s eye view of some of the most active areas of fintech innovation are as follows:
According to the modern day financial experts, fintech will have the same impact on future financial affairs as was of mobile phone and social media in case of communication era.