Cryptocurrency and Safety Money, Bitcoin Vault Breaks Stereotypes
Cryptocurrency theft has boomed over the past couple of years and this is no hoax. Over USD 1.40 billion was stolen in the first five months of 2020. If thefts continue to rise at this rate, 2020 may well become the second-costliest year in the history of crypto – lagging slightly behind last year’s record of USD 4.5 billion. Hackers Continue To Outpace Defenders According to CipherTrace, although cryptocurrency developers, wallets, and exchanges are working hard on strengthening their defenses, hackers continue to outpace them with their innovative tricks and tactics. Take....
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Canadian cryptocurrency exchange Vault of Satoshi recently updated its clients about their concrete decision to shut down next month - on February 5th. According to the founders, their exchange was running smoothly - without any insolvency, stolen funds, and any other ill-fated scenario - so people should not perceive anything negative about Vault of Satoshi. On the other hand, the decision to seal this exchange forever was taken to fulfill other, and better, opportunities. Here is an excerpt that explains it better: "Our founders and team of developers began work on a new,....
It seems like there's no shortage of bitcoin exchanges out there. But how can you really know which one to trust? One of the ways is to follow their announcements. If they're ordinarily quiet (see Mt. Gox) you might have something to worry about. If they, on the other hand, are vocal about their operations, that's another story altogether. Enter Vault of Satoshi. I've been following this exchange for some time now, and I personally like what they're doing. The Canada-based exchange announced today the full acquisition of their money service business license in the country (this is similar....
The cryptocurrency industry is going through a period of immense growth and development and while the amount of money flowing through the industry is on the increase, there is more emphasis on improving the already-existing processes. One of the most pressing of these is safety. It is not unusual every few weeks to hear of […]
Coinbase Vault, first revealed a few months ago, has now implemented a multisig feature that has been demanded far and wide by Coinbase's international customer base. In one fell swoop, Coinbase has set themselves apart from their competitor, Circle, in a big way. Today, Coinbase announced their Multisig Vault, which allows users to control their own private keys on Coinbase. This means that even in the event of Coinbase's untimely demise, bitcoins "stored" in the Coinbase multisig vault would still be accessible to the user. Users would be able to use open source tools, like this one, to....
Becoming a female entrepreneur is both risky and socially “frowned upon” in this day and age. Most people assume that entrepreneurs are all males, which is quite a worrisome trend. For years, women’s rights activists have been advocating the need for more women in high business positions, and entrepreneurship is a prime example of women who want to....