The claim that virtual currencies are the most secure form of payment is to be disputed by an “ethical” hacker at the film, music and technology festival, South By South West (SXSW) 2019. Rob Pope, the co-founder of Dogtown Media and former security specialist with banking giants like HSBC and Barclays, will reveal how crypto is not as safe as you think it is in an upcoming security demonstration.
According to a press release, Pope plans on explaining how the perceived robust encrypted system underlying cryptocurrencies can be broken into. The security specialist’s presentation is titled, “Crypto Crime: How to Steal Cryptocurrency,” on March 15 at the Austin Texas SXSW 2019.
Pope aims to disprove the myth of the unbreakable security of blockchain technology and will also give a live hacking demonstration to the public on how to steal cryptocurrencies. He also plans on detailing the processes and protocols which users can employ to protect their virtual currencies.
The press release references a report by CNBC which stated that $1.1 billion in cryptocurrency was stolen from users in the first half of 2019 alone. The report detailed theft funneled through the Dark Web, targeting of crypto-exchanges and companies, and targeting new investors.
Citing three important pieces of reference, the Mt.Gox scandal, the NEM hack, and the Yapian bankruptcy, the report detailed the loss of cryptocurrency due to errors of their operators, rather than their product.
Businesses were the second more proliferated target, but the prime contention was the virtual currency asked as ransom, not the attack itself. Criminals hack into a company’s mainframe and demand ransom in the form of cryptocurrencies due to its untraceable and anonymous nature, a point in favor of the decentralized industry not against it.
Hackers look at the most vulnerable piece of the system, and in the case of cryptocurrencies, it is the operator, the intermediary or the network, not the coin itself. On the basis of this strategy, individual and group errors are pounced upon to gain access to cryptocurrencies with rare instances of hacking into the very essence of the virtual currency.
Given the cited information in the press release, it can be presumed that the seminar by Pope will delve more into the inadequacies of the users of cryptocurrencies rather than the digital asset itself. Regardless, the seminar is expected to shed light on the method by which cryptocurrency crimes can be prevented and users can keep their digital funds safe.
Trading Ideas, Multicharts, and Live Widgets – SimpleFX Promotes New Features With Lower Spreads
March 21st, 2019, St. Vincent and the Grenadines – Multi-currency and cryptocurrency Web trader platform SimpleFX has just added three groundbreaking new features to its award-winning WebTrader and promotes the improvements with a “March Madness” offer. For the whole month, traders can earn $500 with a 20% spread cashback. The fast-growing broker with over 200,000 active traders worldwide aims at being the go-to app for the new generation of mobile-first traders.
SimpleFX new features, Trading Ideas, Multi-charts and Live Widgets are all designed to fit the needs of the growing social trading community. The broker introduces useful tools for linking beginner traders with influencers, who can now mentor their followers earning recognition and up to 25% revenue share.
Empowering The Community With SimpleFX Trading Ideas
Trading Ideas is a captivating social trading feature that allows the users to share their opinion on cryptocurrency, stock or forex trends, educate beginners as well as gain community appreciation and earn lifetime revenue share through the Unilink.io affiliate program.
impleFX users can create a Trading Idea in just a few clicks – making a snapshot of their chart analysis, adding a comment and sharing it inside the app, in social media or through any other channels. Each Trading Idea carries the user’s referral link that will track the registrations and trades to pay out the lifetime revenue share.
Engaging the network of followers is a common challenge for affiliates in the FinTech sector. The registration on SimpleFX is free and there are no minimum deposits, so it’s very easy to gather a substantial number of followers. Teaching them how to trade and make profitable orders is more difficult.
SimpleFX affiliate partners can make big, successful trades with Trading Ideas. This feature will also help SimpleFX traders make earn a revenue share, and share / direct instructions and tips. A beginner can follow profiles of the users that provide valuable advice.
Free Quality Content For Publishers, Bloggers, and Influencers
SimpleFX Live Quotes and Charts Widgets are other tools promoted with the “March Madness” offer. Publishers, bloggers, and influencers can create unique content in just a few clicks
SimpleFX has released five new widgets – Market Overview, Live Quotes, Live Quotes Bar, Intraday Chart, and Currency Converter. They are fully customizable. The publishers and bloggers can pick the symbols they want to present to match their site’s content, as well as the widget’s layout, size, and style to match their website design.
Each time a new SimpleFX user registers after clicking a widget, the new account will be linked with the website owner’s Unilink.io profile. The publisher will get up to 25% lifetime revenue share from any transaction spread ever generated by the new SimpleFX customer.
Both the Widgets and Trading Ideas are available in the Unilink.io affiliate manager dashboard.
Introducing An Easy Multitasking Feature
Multicharts are the third new addition by SimpleFX. Although the broker acknowledges that mobile trading is the future, the app designers are working to improve the experience of desktop and laptop traders. The goal is to maintain SimpleFX WebTrader as a multiplatform tool fit for every screen and context.
The Multicharts feature allows splitting the main section of the app into two, three, four or even six windows. Each one can be configured to show a different symbol, timeframe, or chart type.
If you need a fast and reliable trading app with 1:500 leverage the “March Madness” promo a great opportunity to give SimpleFX.com a try. Start trading today and make the most of the 20% lower spreads.
Media Contact Details
Contact Name: SimpleFX Ltd.
Contact Email: [email protected]
Visit the SimpleFX Official Site – https://simplefx.com
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Read more on SimpleFX Blog https://blog.simplefx.com/
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Download the SimpleFX App for Android devices – https://play.google.com/store/apps/details?id=com.simplefx.app
Watch a SimpleFX YouTube video – https://www.youtube.com/channel/UCsBdrL2JIv4KxhjM2Gw5ccw
Simple FX is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of stable value, or of any value at all.
PrepayWay – A Swiss FinTech Holding Announces Start of Equity Crowdfunding Campaign
March 21st, 2019, Switzerland – People from different parts of the globe have an opportunity to contribute to the equity of the Swiss-Estonian startup using cryptocurrency. The self-hosted campaign brings together crypto backers and traditional crowdfunding contributors. Supporters will gain equity of the Fintech venture that plans to issue its own token, InBit.
PrepayWay is developing new technology for secure and risk-free transactions with new, unfamiliar business partners. At the same time, the PrepayWay technology focuses on the flaws of the existing transaction process: an obsolete document workflow management system is replaced by instant access to transaction information for all supply chain participants and remote signing of contracts. The bureaucracy of contracting and payment procedures are replaced by an integrated money transfer service and risk management solution embedded in contracts. Lengthy litigation gives way to time and cost-efficient smart arbitration for dispute resolution.
PrepayWay combines the functions of lawyers, banks, escrow agents, and arbitral institutions and offers an all-in-one solution for international contracting, financing, payments, and dispute resolution. Just as smartphones have changed the way people interact and communicate by combining multiple functions in a single device, PrepayWay is changing the way businesses function.
The funds raised during the crowdfunding campaign will be used to develop solutions for international trade and real estate and a platform for diversification of international crowdlending. The contributors are offered equity in PrepayWay Systems Estonia OÜ, a subsidiary of the PrepayWay AG holding, that is developing the above-mentioned solutions. The roadmap can be seen on the company’s website.
Hard Cap: EUR 2 450 000.
Detailed information can be found here – https://prepayway.com/en/crowdfunding
The idea for PrepayWay was born in Switzerland, where computer science, banking, international business, and legal professionals came together to revolutionize business processes. Coming from a plethora of professional backgrounds, PrepayWays’ diversely experienced team is dedicated to creating an ecosystem that facilitates secure, swift, transparent commercial transactions, all while reducing transaction costs.
Visit the PrepayWay Official Site – https://prepayway.com
Chat on Telegram – https://telegram.me/prepaywaychat
Follow on Twitter – https://twitter.com/PrepayWay
Like on Facebook – https://www.facebook.com/PrepayWay
Meet the team on LinkedIn – https://www.linkedin.com/company/prepayway/
Check out PrepayWay on Medium – https://medium.com/@prepayway
Media Contact Details
Contact Name: Mirjam Ruut
Contact Email: [email protected]
Prepayway is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
DigiByte Price Turns Bullish as Top Markets Cave Under the Pressure
There is still plenty of bearish pressure across all cryptocurrency markets at this time. While that might not please too many users, it is evident this pressure will not relent automatically either. Despite this overwhelming pressure, it appears the DigiByte price is still moving up rather swiftly. A bit of a surprising development, as this market is often overlooked by most traders and speculators.
DigiByte Price Trend Looks Appealing
Not all cryptocurrencies follow Bitcoin’s price trend blindly. That in itself is quite promising in this day and age, although one has to wonder if this situation can remain in place for very long. As of right now, it seems DigiByte is capable of successfully avoiding Bitcoin’s trend, although it is doing so in a way that might not make too much sense to a lot of enthusiasts. Especially its very weak trading volume is a big question mark.
Over the past few hours, the DigiByte price managed to gain 9.42% in USD value and 11.13% over Bitcoin itself. Both trends are very impressive, especially for an altcoin which barely notes $2.881m in trading volume. Because of this somewhat surprising uptrend, the current value per DGB sits at $0.014539, or 362 Satoshi. As both of these trends prove to be somewhat promising, one also has to wonder how long they will remain in place. Bucking the overall industry-wide trend for very long is usually rather difficult.
When it comes to surprising developments like these it is pertinent to keep an eye on social media. Although the opinions on DigiByte are a bit all over the place, some users would like to see DGB make its way to Coinbase in the very near future. While it is not impossible by any means, it will be interesting to see if the company effectively takes customer feedback to heart in this day and age.
Coinbase Custody continues to add new assets as well, fairly quick turn around based on client interest. Let us know what you'd like to see next. https://t.co/DBf3ujl6HY
— Brian Armstrong (@brian_armstrong) March 21, 2019
CryptoDucky, on the other hand, isn’t too bothered with having this altcoin listed on more exchanges such as Coinbase. Instead, he predicts DGB is one of the two currencies one needs to hold to become rich in the near future. While that level of optimism certainly is something else, it seems unlikely either of those two markets will pop off when Bitcoin remains as bearish as it is right now.
— CryptoDucky (@CryptoDuckyNr1) March 22, 2019
For traders willing to take a bit of a gamble with DigiByte, there is an interesting triangular arbitrage opportunity worth looking into. It can yield a potential profit of over 11%, although it does require the use of some lesser-known exchanges and trading platforms. As such, this option might not be as appealing to everyone, but it is still an option worth looking into regardless.
— KoinKnight (@KoinKnight) March 22, 2019
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.