Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday. Bankman-Fried’s lawyers said the updated conditions were a response to the government…
Tools to Enhance Your Privacy While Transacting Crypto
Privacy in cryptocurrency refers to the ability to keep your personal information and financial activities private. For example, you can make transactions without revealing your identity or personal information when you use cryptocurrency. This is because cryptocurrency transactions are recorded on a decentralized public ledger called the blockchain, allowing you to send and receive payments without intermediaries such as banks.
Why Privacy Is Important While Transacting Crypto
Privacy is important while transacting cryptocurrency for a few reasons:
- Financial privacy: Since cryptocurrency transactions are recorded on a public ledger called the blockchain, anyone can see the history of your transactions. If you value your financial privacy, you may not want this information to be publicly available.
- Security: If your personal information is attached to your cryptocurrency transactions, it can make it easier for hackers to target you. Maintaining your privacy can help protect you from cyber-attacks and other security threats.
- Personal freedom: Privacy allows you to have more control over your personal information and how it is used. It can allow you to use cryptocurrency without fear of being monitored or tracked.
Tools To Enhance Your Privacy While Transacting Crypto
Here are a few tools you can use to enhance your privacy while using cryptocurrency:
- Tor: Tor is free, open-source software that allows you to access the internet anonymously. It routes your internet traffic through a network of servers, making it difficult for anyone to track your online activity. In addition, you can use the Tor browser to access cryptocurrency exchanges, wallets, and other websites to maintain your privacy.
- Virtual private network (VPN): A VPN encrypts your internet connection and routes it through a server in a location of your choice, making it difficult for anyone to track your online activity. You can use a VPN to access cryptocurrency exchanges, wallets, and other websites to maintain your privacy.
- Privacy-focused cryptocurrency: Some cryptocurrencies, such as Monero and Zcash, are designed with privacy in mind. These cryptocurrencies use advanced cryptographic techniques to obscure the sender, recipient, and transaction amount.
- Cold storage: Cold storage refers to storing your cryptocurrency offline, such as on a hardware or paper wallet. This prevents anyone from accessing your cryptocurrency through the internet, making it more secure.
- Two-factor authentication (2FA): 2FA is an extra layer of security that requires you to provide a second form of authentication, such as a code sent to your phone and your password. This makes it more difficult for anyone to access your accounts.
- Full disk encryption: Full disk encryption is a security feature that encrypts all the data on your computer’s hard drive. This makes it difficult for anyone to access your data without the encryption key, which can help protect your cryptocurrency if your computer is lost or stolen.
- Multi-sig wallets: A multi-sig wallet requires multiple signatures or approvals before a transaction can be completed. This can help prevent unauthorized access to your cryptocurrency, as multiple people would need to approve transactions.
- Incognito mode: Incognito mode, also known as private browsing, is a feature of most web browsers that prevents your browsing history and search history from being saved. This can be helpful if you want to access cryptocurrency exchanges or wallets without leaving a trace.
- Firewall: A firewall is a security system that controls the incoming and outgoing network traffic based on predetermined security rules. You can use a firewall to block incoming connections from unknown or suspicious sources, which can help protect your cryptocurrency from cyber attacks.
- Password manager: A password manager is a tool that generates and stores strong, unique passwords for you. This can help prevent your accounts from being hacked by using strong passwords that are difficult to guess.
No single tool can guarantee your privacy, so it’s a good idea to use a combination of tools to protect yourself. Additionally, be aware of potential security threats and protect yourself online. Maintaining your privacy while transacting cryptocurrency can help you protect your personal information, financial assets, and freedom.
What Is Crypto Historical Data and How to Use It in Trading
Crypto historical data refers to past information related to cryptocurrencies such as Bitcoin, Ethereum, and others. This data includes various metrics such as price, trading volume, and market capitalization. Crypto historical data is useful for several purposes in crypto trading. First, it helps traders and investors make informed decisions by comprehensively understanding the crypto market's past performance. Crypto Historical Data Use Cases Here are some of the ways crypto historical data is used in crypto trading: Technical Analysis: Traders use…
How to Effectively Predict Crypto Prices
Predicting crypto prices is a complex task and requires a combination of technical analysis, fundamental analysis, and market sentiment. Here's a guide to help you effectively predict crypto prices: Technical Analysis: This involves studying past market data, including price and volume trends, to identify patterns and predict future price movements. Use charting tools, such as candlestick charts, to visually represent this data. Fundamental Analysis: This involves analyzing the underlying factors that may impact the value of a cryptocurrency, such as…
Guide to Value a Cryptocurrency
Valuing a cryptocurrency can be difficult and subjective, as many factors contribute to its worth. However, here are some steps and considerations for valuing a cryptocurrency: Market capitalization: This is the total value of the cryptocurrency in circulation. It is calculated by multiplying the total number of coins by the current market price. Adoption and usage: The more people use cryptocurrency, the more valuable it is likely to become. This includes individuals and businesses using it for transactions or as…
The Best Crypto Portfolio Trackers (Coin Trackers)
Crypto portfolio trackers are apps or websites that allow users to monitor their cryptocurrency holdings across multiple exchanges and wallets in one place. They connect to users' exchange and wallet accounts through APIs (Application Programming Interfaces) and automatically track the user's cryptocurrency holdings and transactions. The tracker updates in real-time and provides an overview of the user's total portfolio value, asset allocation, and returns. This allows users to track their investment performance and make informed decisions easily. What Should The…
An Overview of Different Cryptocurrency Scams
Cryptocurrency scams are fraudulent schemes that are becoming increasingly common as the popularity of cryptocurrencies continues to grow. They can take many forms and are often designed to appear legitimate investment opportunities or exchanges. Unfortunately, these scams can cause significant financial losses for individuals and harm the reputation of the cryptocurrency industry as a whole. It is crucial for anyone considering investing in cryptocurrencies to be aware of the various types of scams and to take steps to protect themselves.…
What Are Crypto Data Aggregators?
Crypto data aggregators gather data from multiple sources to provide comprehensive and real-time information about the cryptocurrency market. They pull data from various exchanges, trading platforms, and other sources to centralize the information and present it in a user-friendly format. The data includes cryptocurrency prices, trading volume, market capitalization, news, and other relevant information. Crypto data aggregators use algorithms to clean, process, and normalize the data to ensure accuracy and consistency across multiple sources. The information is then presented in…
What Is CoinGecko?
CoinGecko is a cryptocurrency data aggregator and tracking platform. It provides information and insights on the cryptocurrency market, including price, volume, trading activity, developer activity, and community growth. How CoinGecko Works Data Aggregation: CoinGecko collects crypto data from various cryptocurrency exchanges, wallets, and blockchains to create a comprehensive database of cryptocurrency information. Calculation of Metrics: CoinGecko calculates several metrics, such as market capitalization, trading volume, liquidity, and community growth, to provide a comprehensive overview of the cryptocurrency market. Display of…
What Is CoinMarketCap (CMC)?
CoinMarketCap (CMC) is a website that provides information about the cryptocurrency market and tracks the capitalization of various cryptocurrencies. It was founded in 2013 and has become one of the most popular cryptocurrency data providers. CMC aggregates information about the prices, volume, and market capitalization of cryptocurrencies from various exchanges and calculates the average value. Furthermore, the website displays this information in real-time, giving users a comprehensive overview of the cryptocurrency market. CMC tracks over 22,000 cryptocurrencies, including Bitcoin, Ethereum,…
What Are Crypto Pyramid Schemes?
A crypto pyramid scheme is a fraudulent investment scheme where returns are paid to existing investors from funds contributed by new investors. It's called a "pyramid" because it typically has many new entrants at the bottom, with each layer representing fewer investors. Example: John starts a pyramid scheme and invites five friends to invest 1 Bitcoin each. John promises to return 2 Bitcoins to each participant in a month. John needs 10 Bitcoins to fulfill his promise, so he invites…