Crypto

Recently, ThreatFabric identified a new variant of the Cerberus Trojan. Cerberus Trojan steals 2-factor authentication codes produced by the Google Authenticator app for internet banking and crypto exchanges. ThreatFabric is a cybersecurity firm specializing in financial industry threats. As per the reports, Cerberus Trojan was identified in June 2019, thus taking over from the infamous Anubis Trojan as the significant banking malware. Nevertheless, the threat lacked features that could allow it to lower its detection. In mid-January 2020, reports noted…

Bitcoin and the rest of the crypto market have in the past weeks experienced huge value downswings. The gains at the start of 2020 have been all but wiped out in most altcoins thanks to the recent declines. Most of these major cryptos are otherwise getting closer to their critical support levels, a sign that a huge upswing might be around the corner. The same support levels also seem to occur simultaneously with the tremendous barrier that the entire crypto…

The crypto-exchange services provider Bitfinex has announced earlier today that it experienced a denial-of-service (DDoS) attack. As a result of the attack, its website and services were forced to go offline in a majority of regions in just under an hour. The Exchange has otherwise announced a resumption of services on its platform. Comparatively more powerful protection has also been set up as a result in a bid to lessen the repeat of such an attack. This is according to…

Well, cryptocurrencies have been making headlines everywhere, all over the world. People are making fortunes off the new trend, and there doesn’t seem to be a shortage as more cryptocurrencies are coming into the market. But are cryptocurrencies being used for what they mean - “currencies”? To be a currency, an instrument should function as legal tender. Meaning that if I have bitcoin, I must be able to use that bitcoin to pay for my restaurant bill or buy a…

The cryptocurrency domain is fearful about bank-issued cryptos replacing Bitcoin as well as altcoins. Nevertheless, to ascertain the validity of the fear, it is necessary to consider some facts. First, bank-issued cryptocurrencies will be in charge of those who receive the cryptocurrency units and their purpose. On the other hand, Bitcoin is a decentralized currency. Bitcoin holders can determine its purpose and enable its use for the payment of goods and services, forwarded to people through remittance platforms, or one…

Despite the rapid rise in cryptocurrency value, mainstream adoption seems to be a far-fetched dream. In a survey by Finder.com involving 2,001 American adults, it was established that only 7.95% of respondents owned bitcoin, with the majority being millennials at 17.2% compared to baby boomers at 2.2%. Furthermore, 92% of Americans have never owned cryptocurrency, with only 7.76% claiming they will purchase one in the future.  However, despite the low rates of crypto uptakes, especially in Europe and America, there…

A cryptocurrency exchange is your entry into the cryptoverse. Through it, you get to conclude all the buying and selling transactions in digital currencies that you'd wish to. Their centrality to digital asset trading underscores the significance of their careful selection. Three key questions should guide you when shopping for an exchange. First, what kinds of deals do the market offer? Second, which features make an excellent cryptocurrency exchange? And finally, which beginner-friendly exchanges should every novice consider adopting? Today is…