Tuesday, June 19, 2018

Liberdy: A Key to Take Control of Your Personal Data

By With No comments:
Personal data are personal information that reflects things specific to you. For instance, your age, sex, location and height are all personal data. They include other qualities that are unique to you. Most social media sites (Instagram, Google, Facebook and Twitter) get access to this information. These social media sites transfer this information to advertisers who use them to target users with campaigns tailored to their interest.

This is what birthed the concept of Liberdy. With Liberdy, users can get access to their data and monetize its usage. Liberdy makes available a platform where users’ data can be aggregated and de-personalized. It is also stored and sold to interested advertisers while the user gets paid for this. In other words, any advertiser will not purchase information about Paul Green. Rather, they are getting data that doesn’t provide identifying information. As a result, Liberdy will not tell the advertiser you are a male in the age range of 30 to 35. Liberdy will rather reveal that a user identified with the category “Male Age 30 – 35” is browsing a particular site at the moment. Hence, the advertising agent can bring forth relevant ads that target their information.

The past couple of years have been marked with booming growth in data generation. A number of experts have predicted a large trend as total data creation increases. As a result, there is the need to monitor the usage and distribution of this information.

For any marketing operation to be successful, data holds the key. However, just a few of the giant companies control trillions of data. These few companies control over 75% of the data available to the whole market.
On sharing your personal information with companies, you give them access to raw data. These are information that helps them provide contents that is of interest to you. Asides, this act also helps in growing the digital advertising sector, while you get paid nothing! Liberdy aims to shake the entire data industry by ensuring that data owners are brought into the system.

The main aim of Liberdy is to allow data to be treated as goods. Thus, with Liberdy, users get paid every time someone uses data that contains your personal information.

Liberdy will leverage on the power of the GDPR bill, the new EU regulation alongside the power of blockchain technology. With Liberdy, there will be a fair, plain digital advertising company that works based on the permission given. The GDPR transfers the ownership of the data to the users. It also mandates all online company to make available a free copy. With this, Liberdy gets access to the app where users can manage it. This is where user information is uploaded, verified and extracted.

Liberdy gives users the power to reclaim their personal information that is critical to the growth of any e-business. Liberdy provides a new era for data and its users. With this innovation, you also receive a bite of the cake!
Without a doubt, with the promises that Liberdy service promises, its service will be welcomed. This I presume as many businesses will love to avoid issues with the European legislation which comes with stiff penalties. To learn more about Liberdy or participate in their Token Generation Event, kindly click any of these links; website, whitepaper, telegram, twitter, facebook.
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Monday, June 18, 2018

How Blockchain Can Help SMBs Compete with the Big Dogs

By With No comments:
A few days ago, Mark Zuckerberg, the founder of Facebook, testified before Congress about the measures taken by the social media giant to protect users’ data. And if there is a theme that emerged in the testimony, it is the significant role that big data analytics play in business success.

It is no wonder that a good number of the world largest corporations including Facebook, Google, and Twitter are in the business of selling marketing insights. One area of big data analytics that has recently attracted a lot of attention from corporations, politicians, and government agencies in sentiment analysis.

This method involves analyzing comments and suggestions left on social media sites and identifying their attitude towards a brand by using variables such as emotion, tone, and context. While the number of likes and followers a business gains on social media are essential, it is the users’ reactions towards the brand or the product that counts. Firms must, therefore, understand the emotional and logical responses of their target audience to be able to market to them effectively.

Sentiment analysis gives businesses insights to better understand the language of their target audiences and adjust their products and marketing approach accordingly. Politicians use it to understand what interests a specific voting bloc and create political campaigns to match their interests accordingly.

While there is no doubt that big data analytics including sentiment analysis are of vital importance to businesses in this age of IoT, they aren’t affordable to all. However, with blockchain, SMBs can now leverage big data analytics without having to worry about costs or compliance.

For instance, SENNO, a Neo based platform, is the first combining blockchain and Artificial Neural Networks in sentiment analysis, allowing businesses to tap into the data at lower costs. Using this platform, businesses don’t have to incur the costs of setting up big data infrastructure. They just need to connect to the SENNO network through an API, and and the sentiment analysis is done for them.

Apart from lowering implementation costs, the project seeks to help businesses become compliant with big data regulatory requirements. In May this year, a new and very stringent big data regulation known as the GDPR will come into effect, impacting how businesses in Europe and all over the world collect and manage their users’ data. The compliance is expected to be very costly, effectively locking out firms without the resources to comply out of the big data analytics game.

However, with blockchain tech, businesses will be able to to enjoy big data’s fruits at a lower cost and with all it’s advantages. When it comes to data protection, blockchain offers the most advanced solutions as it applies encryption and hashing to protect data and is not easy to hack given its distributed nature. The only problem with the blockchain in relation to the GDPR is that data stored on it is not erasable.Nevertheless, with the rate at which blockchain tech is developing, there is no doubt that a solution to this challenge will be found.

Either way, businesses tapping into blockchain solutions have nothing to worry about given that the burden of compliance is no longer on their shoulders. Also, with new solutions being developed, businesses will soon be able to leverage the power of AI without incurring the enormous costs involved in setting up and implementing an independent AI strategy.

In marketing, artificial neural networks are involved to gather and extract actionable insights from big data. The best thing about these networks is that they can learn from data and therefore increase accuracy with time. In sentiment analysis, neural networks are responsible for identifying and classifying emotions in texts, therefore, enabling targeted marketing. As blockchain solutions for big data analytics continue to develop, SMBs will be able to use them to gain a competitive edge.
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Friday, June 15, 2018

Masternode Profile - Stipend (SPD)

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In the coming days, I’ll be doing a profile on a few notable masternode coins. The profile will feature basic information about the coin and will highlight some of the metrics I use to evaluate a masternode to see if it's worth investing in.

The first coin we’ll discuss is Stipend (SPD). Stipend is a favorite coin for many in the MN community. I’ve personally set this one up many times for clients. At its core, the Stipend project is gearing up to be a decentralized platform for freelancers. It will have similar features to Upwork, Fiverr, Freelancer, etc. A notable difference is that the cost to run an ad on the platform will be drastically less than the 10-20% these centralized players charge now.

Is it Just Another Masternode (JAM)?

No, this coin has a unique vision amongst the other masternode coins. The development team is building a product that is in high demand and the established players could use more competition.

Development Community

This is where SPD shines. Great team of developers. Currently, there are 117 commits on their Github - a leader for the masternode coins. There have been 22 releases over the 4 months this coin has been around.

This coin had a recent attack to exploit a bug in the difficulty configuration. The devs were able to quickly resolve the issue and do a hard fork. Unfortunately, more issues were discovered so the coin has forked twice since then to version 4.0 in just a few weeks. All that being said, the devs work quickly, but if you want to ensure you don't get booted off the main chain, you need to actively watch the Announcements section of their Discord.

Reward Structure

To run a masternode, you need 5000 SPD. The daily payout is roughly 25-50 SPD. That is an ROI of ~180% - 360%. Quite fair as the price of the coin has remained stable compared to the rest of the crypto market. You can beef up your earnings by staking your masternode rewards after every 250-500 SPD you earn. This will earn you an extra 10 SPD every 2-3 days.

Keep in mind that the reward payouts are changing and in a few weeks (at block 240,000) the reward structure will go down to 12 SPD per payment from 25 SPD.

Exchange Volume / Listings

Currently, SPD is only trading on Crypto-bridge (CB). A recent announcement was made that IDAX will also list SPD at the end of June. Despite only being on CB, the daily volume of SPD has been 50K-150K USD more than enough to buy a masternode without much price movement.

Should you get this Masternode?

Yes, you should.

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DEEP AERO – A New Age Drone Ecosystem Built On Blockchain Technology & AI

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Humanity travels more than ever before, not only in terms of vacations but also on a daily basis. A very great percentage of workers utilize a car as their form of transportation every single day. Many companies depend on vehicles like cars and trucks in order to carry out their operations. Just look at some of the biggest companies like Amazon, vehicles are an absolute necessity for them. However, current measures are not always efficient or as profitable as they can be. When companies like Amazon have such high turnover rates, every single penny saved equates to millions of dollars each year, which is why companies always are on the lookout for new and innovative technology.

One of the solutions to the transport and logistics industry is the use of drones. This solution comes with a range of benefits, including lower operational costs, which is exactly what companies want. At the moment, this solution is just being explored by the industry, it is not yet fully in use. Some of the reasons why it still isn’t being fully used are that management of these drones isn’t optimized in a network and that drones aren’t developed to meet the need of the industry. A project that aims to change this, is Deep Aero. They are creating an ecosystem for drones and drone services built on blockchain, powered by AI technology.

Drone services for the people, not just businesses

Drones obviously have a ton of potential to improve the logistics industry. Companies can use drones to ship out products, even big cargos. Making a drone fly to a destination is cheaper than using a truck because it doesn’t require any human operator, isn’t limited by traffic or constructing issues, it simply just flies through the air. But even though there is a huge market for drones in a business-oriented sense, Deep Aero wants to give everyone access to drone services. The most exciting of these is drone taxis. Yes, you will literally be able to order a drone just like a taxi and get it to fly you to your desired destination. A truly futuristic like experience. Everything will be offered on the same platform, whether you want to order drone parts, order a parcel service, a drone taxi or something else. The entire drone platform will be using Deep Aero’s own token, the DRONE token.

Deep Aero token sale

The Deep Aero project is currently conducting their ICO, selling their token, the DRONE token, which is going to be used within the Deep Aero ecosystem once it is complete. If you are interested in the token sale and want to participate in it, then please visit their official site here https://www.deepaero.com/

Deep Aero introduction video

Learn more
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.

Website: https://www.deepaero.com/

Whitepaper: https://www.deepaero.com/docs/DEEP-AERO-White-paper.pdf

Telegram: https://t.me/deepaerodrones

Twitter: https://twitter.com/DeepAeroDrones
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Thursday, June 14, 2018

$ZCL #ZClassic - getting ready for the next pump action!

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Today we have quite an interesting coin ZCLBTC that I have been trading myself quite some times. Just a little story about it first, ZCLBTC had a 9900% gain last year before the BitcoinPrivate Fork, went from $2 to $220 and then back to $5. Now, a few months back there were rumours that ZClassic is forking again, so people started FOMO-ing into it. Here comes the funny part, ZClassics' Twitter is controlled by BitcoinPrivate people who posted at the price of $40 that they do not know anything about a fork and any rumors are fake, this leads to a 50% crash within a few days. 3 days later BitcoinAnonymous presented the team publicly. Unfortunately, the price did not go up again since then but it is not crashing completely. #CryptoTwitter The ANON Team is legit and forking Bitcoin and ZClassic on September 1:1 with a possibility to get a master node with just 100 ANON. So if you want a master node, get yourself 100 ZCL and leave it there until the fork, I think CCA also already mentioned this once before.

Alright, now back into the short time chart,, keeping it as simple as possible and making it easy to learn.

The first thing that is important to look at is the big and strong buy zone between 150000 and 145000 satoshi. Here the chart bounces off very clearly and does not cross it below. So whenever you see ZCLBTC in this region and there are no negative news or other external influences, it is a good point to buy.

Next are the two blue dotted and the green dotted lines. These are basically small support and resistance lines in the Channel between 145000 and 200000. The first blue line is there to confirm an upward movement. Then followed by the green line, which when is broken, will almost guarantee a push to the second blue line. Whereas, when the green line is not broken, it will most likely go down to the buy zone. SO, breaking the strong green and the weak second blue line, the chart goes up to the 200000 line and has to decide, what will happen next.

You have to know that the 200000 line was previously a strong support line but now has turned into a strong resistance line. So, after crossing it already twice, ZCLBTC has failed to continue the push and has retraced back to the dotted lines and finally the buy zone.

The thing with the support and resistance lines is, that you will never hit it unlimited times. It is like hitting a wall with sledge hammer and if you hit it hard (big volume) and quite some times (here already 2, mostly it breaks by the 3rd or 4th time), it will break (all orders sitting there will be filled) and allow the chart to test the next resistance. Basically after hitting 200000 3 times with big volume, we should see ZCLBTC rising above it and trying out the next resistance at 220000. So, after hitting 220000 we would see the 200000 line turn into a support again. on which we should not bounce a lot off because then the buy order will get filled and we will see the 150000 again.

So again, resistance represents many sell orders and hitting these will have less and less sell orders the next time. Support represents buy orders sitting at that level and bouncing off support too many times will cause less buy orders at that level, what raises the chance of going to the next level of support (with a lot of buy orders). I recommend checking the order book on the exchanges you are trading. These order books really show you great levels of support and resistance as well as where you should put your buy or sell order (before the big amount, so yours gets filled).

As little side note, ZCL-BTC is a very nice example of how much cryptos love round numbers. Just take a look a look at all of these lines and keep it in mind for the other coins, that you take a look at.
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Wednesday, June 13, 2018

Two Tips To Keep Your Online Activity- And Your Bitcoin- Safer

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Staying safe online is becoming tougher and tougher. We are now in a period where cyber-attacks are becoming a part of daily life and which not only affect individuals but whole countries.

Recently it was suggested that North Korea has begun attacking other countries internet systems in order to disrupt and put pressure on their enemies. It was reported by bbc.co.uk that North Korea was behind and recent wannacry security hack that affected the NHS in the UK and put pressure on services in the United States.

With so many people trying to steal your details it is very important to ensure that you are taking the relevant precautions to keep your bitcoin wallet as safe as possible. As nashas.com always say, bitcoin wallets are incredibly secure, but you can never be too safe with your general data and your online info.

There are so many simple steps that people often ignore or say ‘it’ll never happen to me’ rather than taking less than an hour out of their day to install a couple of programs to ensure their computers are well protected. Here are two of the best, and most simple tips, to keep you and your loved ones safe whenever they hit the web.

Install a VPN 

A VPN, or virtual private network, allows you to browse the web more securely and most importantly, more privately than if you do not use one. It is particularly useful if you are on a public wifi which is normally full of people trying to hack away in and take people’s data.

These networks are regularly insecure and poorly monitored and could turn your trip to the coffee shop with your laptop into a nightmare. A VPN creates a private network within a public one which acts as a shield, almost like a cover, for your browsing session.

As the VPN market is flooded with options, you can find impartial reviews, like at securethoughts.com/express-vpn-review/ which aims to help you find out whether a certain provider fits your needs. Not only will you learn more about a great VPN but also more about why they are essential to protect you online. They stop other people getting into your private bubble and will lock down any bitcoin activity you engage in while on the web.

Make Sure Your Antivirus Is Up To Date 

Antivirus software often feels a bit like a net under a tightrope walker, you hope they will never have to use it but you are glad they have it there. A lot of people use antiviruses to protect their computers and they are often very helpful and can give you great peace of mind, especially if they have special programs dedicated to keeping you safe online.

The main thing to keep in mind is you must make sure it is up to date. An out of date antivirus protection is almost worse than having nothing at all. It can have all kinds of holes and bugs that have been ironed out by a new update. So when it pops up on your screen asking to update make sure to say yes right away.

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Tokenization May Distrupt Private Equity, and That's a Good Thing

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Disrupting Private Equity while maintaining traditional standards seems inevitable, and that day might be dawning now.

Tokenization May Distrupt Private Equity, and That's a Good Thing

Advantages and Drawbacks of Private Equity

Private equity can be a reliable wealth-generation tool, particularly for investors who are interested in becoming involved in new industries but lack the expertise to master an entirely new and complicated market. Private equity firms raise cash from a small group of wealthy investors and use the money to invest in assets (such as companies or real estate). Over a period that can take from five to nine years, firms nurture holdings in the fund before entering a harvest period in which the firm sells off assets, shuts down the fund, and returns capital and profits to investors.

The traditional private equity model eschews the burdens of stockholder governance by working with only a small group of accredited investors, which means that initial buy-ins to the fund are often prohibitively expensive for many would-be contributors. Private equity also suffers from a lack of liquidity. Investors who part with their money do so for several years, as funds get tied-up in the project of improving assets. There’s no way for investors to regain liquidity until the fund starts winding down. The wind-down period is subject to a strict schedule set when the fund is first established, and that schedule often forces fund managers to sell assets before they’re mature or in a lousy market, lessening the funds’ profits.

Tokenized Asset Offerings

ICOs, or initial coin offerings, made so much money in 2017 that they’ve attracted significant interest in 2018 from mainstream investment institutions. The popular messaging app Telegram raised a record $1.7 billion in token sales during its ICO, working entirely through private transactions with accredited investors. Tokens are no longer fringe investment products.

But many newcomers to the crypto world might have significant hesitations over sinking millions of dollars into an ICO, and with good reason. Bitcoin News concluded that 46% of ICOs launched in 2017 had failed by early 2018. Many experienced crypto traders worry that Telegram’s ICO reflects a wild over-valuation, and inexperienced crypto investors who hold onto their tokens for too long will be in for a nasty shock once the market adjusts accordingly.

ICOs offer tokens intended for use on a platform that doesn’t exist yet. Companies (theoretically) use token sales to finance the completion and launch of the platform, though token purchasers receive no legal guarantee that the platform will ever indeed exist as promised. While waiting for the platform to appear, token purchasers and resellers speculate on the future value of the token. Such speculation results in wild price swings and has drawn the attention of the SEC, which claims that these tokens are securities even if they’re intended to be utility tokens eventually.

But a new breed of token sales is emerging in 2018. Tokenized Asset Offerings, or TAOs, sell tokens that represent the fractional ownership of assets, such as real estate, diamonds, etc. Speculation on such tokens’ future values should be much less volatile than ICO tokens because the value of the tokens are backed by real assets and not the promise of creating value through a to-be-built product and company.

While much tension exists in the regulatory and ICO communities over whether ICO tokens are securities or not, TAO tokens are sold as securities. Token sellers comply with SEC regulations right off the bat, lessening any future upheaval when the SEC inevitably expands its involvement in the cryptocurrency world.

Muirfield Investment Partners

Private equity firm Muirfield Investment Partners is poised to change private equity by introducing tokenization solutions with a rumored TAO later in 2018. The firm’s founder, Tom Zaccagnino, started his professional life in tech disruption before moving into private equity real estate and ultimately founding Muirfield. Muirfield realized that tokenization represented an ideal tool to disrupt and improve how private equity works.

Muirfield is rumored to be launching a sale of EVER tokens soon. These tokens represent fractional ownership shares in a real estate private equity investment vehicle managed by Muirfield. Muirfield specializes in opportunistic real estate investments and the investment team has decades of experience in all facets of real estate.

Tokenization solves two of the most prominent drawbacks of the private equity world. EVER tokens’ connection to the central fund is inscribed in the token's immutable blockchain ledger, which means the tokens can be bought and sold on public exchanges while maintaining their ownership stakes. Smart contracts built into the tokens help to ensure regulatory compliance with little if any active oversight from Muirfield, ensuring that token sales stay compliant with regulations regarding investor accreditation and jurisdiction. These factors allow Muirfield to efficiently fractionalize ownership in the fund, far reducing the initial capital individual investors need to participate. Muirfield intends to distribute the tokens to 99 US investors and additional foreign investors.

Token holders who need liquidity can access it by selling their tokens to other investors. Such sales generate cash for the token holder but don’t require Muirfield to sell any assets out of the fund. In fact, the fund never has to close because investors can access liquidity at any time. Without a strict harvesting period, Muirfield can manage the fund with an eye towards long-term growth, selling assets only in favorable conditions and reinvesting revenue in further fund growth.

Blockchain could change private equity for the better. Muirfield Investment Partners’ TAO will lead the way into a better, tokenized private equity sphere.
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Kambria and Liquidity Network ICO Reviews

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In the first of Token Talk’s weekly review shows, the robotics platform - Kambria ICO and the off chain payments solution provider Liquidity Network ICO come under scrutiny.

Kambria ICO review

Kambria ICO and the KAT token which has yet to announce the exact date of the upcoming crowdsale is a very interesting proposition that seeks to build a new robotics eco system to bring all players together to move the industry forward.

The Kambria team has evolved from an existing robotics firm OhmniiLabs who previously have developed a home robot for remote communications which seems to have found a good niche in the market especially for contact with frailer, older members of the community.

So their big plan, their vision is to get a platform where challenges from around the world are posted with bounties and to get developers solving these challenges but at the same time sharing their solutions.

The team is young and energetic and obviously they have achieved quite a lot already in a short time with their own robotic launch. The advisory board bodes well and there are some respected company names there that are backing the team, so that is a good sign. The whitepaper is still officially at draft stage so there is time yet to add more detail but immediately what is missing in the current version is what do they plan to do with $ 25 million, there is no spending plan or no explanation of how they arrived at this figure? Token metrics in detail are not published so hard to pass comment on this part.

The offering is well thought out and presented, they have put in work to make sure it gets the message across. The business and the plan has a lot of potential and could be a game changer in the long run.

In the short term at present, I think the chances for flipping the investment and getting your return as it hits exchange are neutral.As a long term bet, it has good prospects if the project can get that initial traction and uptake.

Liquidity ICO review

This next ICO offering for me as an investor sits in one of the very interesting asset classes, being scaling solutions for blockchains. As most of you will know, one the biggest challenges to mass use of cryptos once they get mass adoption is the scaling issue and how to step up the traffic considerably without falling down the many possible potholes.

A lot of the money is riding on payment solutions for that cross platforms that will deliver even more transactions per second at even less cost, Credits, Fusion, Zilliqa, Quarkchain etc who all have delivered plus returns for an investor since hitting the exchanges. Then you have off chain solutions such as Raiden Network and Lighting Network which have promised great improvements for payment solutions and micro payments but as yet not delivered the great steps expected. Off chain in simple terms means many payments go to a network with promissory credit, allowing cheaper and faster transactions.

And now we come to Liquidity, who are they and why pay them any attention. They are proposing a new off chain solution built with Distributed Acyclic Graph technology, DAG, and a lot of solutions are now using DAG solutions, the most well known being IOTA.

What you need to understand is DAGS offer a lot of new opportunities in a rather complex network construction over traditional nodes. In the case of Liquidity their biggest claimed advantage is that compared to the Lightning Network, they would need to tie up considerably less currency at any one time,

The team is headed up by Arthur Gervais who lectures at Imperial College London and Ramil Khalil who seemed to have done a lot of the initial work and put together an MVP that is running on an Ethereum testnet. They have been doing the rounds and have started to attract attention and get an interested following again with organic growth and not by smoke, mirrors and overhype. They had a major boost earlier in the year when Vitalik Buterin, the founder of Ethereum expressed interest and support in the project.

They are just going to ICO now on 14th June, there is KYC required and there will be a Dutch auction across the month as the price reduces on set time periods until enough people have committed and then the price is aggregated.
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Tuesday, June 12, 2018

Buglab Token Distribution Event

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Buglab leverages the power of the Ethereum blockchain to enable attainable, versatile, and reliable penetration testing for digital enterprise solutions. The platform links organizations that have information security needs with a community of certified cybersecurity penetration testers in an incentivized environment. At the center of buglab's ecosystem, there are two programs - the Buglab Contest and Vigilante Protocol , helping companies all over the world to discover and fix vulnerabilities.

Buglab is an Ethereum-based platform that connects companies with a global network of expert security researchers. It is safe to say that the problem that project solves really exists. And application of blockchain technology and decentralization of the whole process are relevant in the sphere of security. A lot of information about the project is provided on the project website and in the documentation. But there are also some drawbacks, like a small team of the project - only 6 people at the moment. And also the absence of a registered legal entity. But in general the project looks quite perspective.

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Efir.io - the only Blockchain based platform with more than 170k bloggers

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Efir wants to bring innovation to the advertising market, focusing on the bloggers and internet influencers which has become a much more effective way to showcase and push products and services than regular ads. With their communities of thousands of fans and supporters, they are much more trustworthy for the customers, therefore, more reliable when offering products. A marketer gets an access to a database of various bloggers and can easily set up campaign details with them and set up the deal through the ecosystem. The platform offers features not only for advertisers and bloggers but also it-services, media specialists, qz-investors and whole agencies. For example, media specialists could offer bloggers workshops or lessons to improve the advertising quality, as today's internet allows anyone to become a star without even going out of his own room. The platform would allow them to increase the quality of content and advertisement while working in a professional team. Open API will allow developers to build services based on the ecosystem. The token will act as the main mean of payment to power all of the transactions. All the projects, including the ones launched by Efir or those that have joined through the open API, generate the demand for tokens. Efir starts only those projects that generate this demand. The site design, as well as the content of whitepapers and other documentation, is on a very high level and provides all of the necessary information making it not only easy to research the project but also encouraging.

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What is the best wallet to store Ether and Bitcoins?

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Storing Bitcoin or Ethereum in a secure way is simple yet difficult at the same time. Paperwallet and hardware wallet are the safest options for any cryptocurrency.

If you’re dealing with nominal amounts for both currencies, then pretty much any wallet that offers to hold these two crypto-currencies will do.

However, if we’re talking about larger amounts, here’s the list of the most to least secure methods of storing your digital cash:

Paper wallets - the most secure way as long as you take necessary precautions to safely store your private keys in a vault or safe.

This requires extra funds to rent a vault or purchase and install a safe. However, the level of security depends on the amount of steps you’re going to take to ensure the safety of your paper wallet.

Remember, banks could be robbed and your house could burn down - to mitigate these risks, it’s best to create at least two paper wallets and store them at two different highly-secure locations.

Hardware wallets - you can store your money in hardware wallets which are disconnected from the Internet, therefore cannot be hacked.

You can purchase one from Ledger Wallet.

This is probably the best option available at this moment in time.

Desktop wallets - another way of storing your crypto-currency is on your own computer.

You can download the blockchain and create your own wallet to store private keys on your computer.

This is fine as long as your computer is well-protected from any malicious programs and hackers. Again, the safety depends on your level of involvement.

Hot wallets - there are plenty of online services that offer wallets to store your cash such as:

Coinbase - you can also purchase or sell your bitcoins or ether

CEX - as above, store, buy and sell cryptos

Common sense is to spread your holdings evenly and not to put everything in one basket. All online wallets are third party companies that are not only in control of your private keys, but they’re also responsible for ensuring the security.

Another risk is that they could go bankrupt, in which case you’re not going to get your money back. In my opinion, if you’re dealing with large amounts of crypto-currencies which main purpose is to be decentralized, it’s probably best to get rid of any centralized third-party middlemen that are responsible for storing your money.

It’s sort of a paradox in the crypto-world that there are so many centralized financial bodies to handle decentralized currencies, but it will have to do for now.

One way of ensuring extra safety when it comes to online wallets is to implement a 2-factor authentication method of signing into your wallet through applications such as Google Authenticator or Authy.
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Thursday, June 7, 2018

5 Easy Steps For Bitcoin Trading For Profit and Beginners

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Bitcoin trading can be extremely profitable for professionals or beginners. The market is new, highly fragmented with huge spreads. Arbitrage and margin trading are widely available. Therefore, many people can make money trading bitcoins.

Bitcoin’s history of bubbles and volatility has perhaps done more to bring in new users and investors than any other aspect of the cryptocurrency.

Each bitcoin bubble creates hype that puts Bitcoin’s name in the news. The media attention causes more to become interested, and the price rises until the hype fades.

Each time Bitcoin’s price rises, new investors and speculators want their share of profits. Because Bitcoin is global and easy to send anywhere, trading bitcoin is simple.

Compared to other financial instruments, Bitcoin trading has a very little barrier to entry. If you already own bitcoins, you can start trading almost instantly. In many cases, verification isn’t even required in order to trade.

If you are interested in trading Bitcoin then there are many online trading companies offering this product usually as a contract for difference or CFD.

Avatrade offers 20 to 1 leverage and good trading conditions on its Bitcoin CFD trading program.

Why Trade Bitcoin?

Before we show you how to trade Bitcoin, it’s important to understand why Bitcoin trading is both exciting and unique.

Bitcoin Is Global

Bitcoin isn’t fiat currency, meaning its price isn’t directly related to the economy or policies of any single country. Throughout its history, Bitcoin’s price has reacted to a wide range of events, from China’s devaluation of the Yuan to Greek capital controls.

General economic uncertainty and panic has driven some of Bitcoin’s past price increases. Some claim, for example, that Cyprus’s capital controls brought attention to Bitcoin and caused the price to rise during the 2013 bubble.

Bitcoin Trades 24/7

Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range.

Bitcoin is Volatile

Bitcoin is known for its rapid and frequent price movements. Looking at this daily chart from the CoinDesk BPI, it’s easy to spot multiple days with swings of 5% or more:

Bitcoin’s volatility creates exciting opportunities for traders who can reap quick benefits at anytime.

Find an Exchange

As mentioned earlier, there is no official Bitcoin exchange. Users have many choices and should consider the following factors when deciding on an exchange:

Regulation & Trust – Is the exchange trustworthy? Could the exchange run away with customer funds?

Location – If you must deposit fiat currency, and exchange that accepts payments from your country is required.

Fees - What percent of each trade is charged?

Liquidity – Large traders will need a Bitcoin exchange with high liquidity and good market depth.

Based on the factors above, the following exchanges dominate the Bitcoin exchange market:

Bitfinex - Bitfinex is the world’s #1 Bitcoin exchange in terms of USD trading volume, with about 25,000 BTC traded per day. Customers can trade with no verification if cryptocurrency is used as the deposit method.

Bitstamp - Bitstamp was founded in 2011 making it one of Bitcoin’s oldest exchanges. It’s currently the world’s second largest exchange based on USD volume, with a little under 10,000 BTC traded per day.

OKCoin - Bitcoin exchange based in China but trades in USD.

Coinbase - </p>

Coinbase - Coinbase Exchange was the first regulated Bitcoin exchange in the United States. With about 8,000 BTC traded daily, it’s the world’s 4th largest exchange based on USD volume.

Kraken - Kraken is the #1 exchange in terms of EUR trading volume at ~6,000 BTC per day. It’s currently a top-15 exchange in terms of USD volume.

Bitcoin Trading in China

Global Bitcoin trading data shows that a very large percent of the global price trading volume comes from China. It’s important to understand that the Chinese exchanges lead the market, while the exchanges above simply follow China’s lead.

The main reason China dominates Bitcoin trading is that financial regulations in China are less strict than in other countries. Therefore, Chinese exchanges can offer leverage, lending, and futures options that exchanges in other countries can’t. Additionally, Chinese exchanges charge no fees so bots are free to trade back and forth to create volume.
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Tuesday, May 15, 2018

How To Get A Litecoin Wallet?

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While choosing a wallet for any of your computerized monetary forms, you have to ensure that you are extremely cautious and run with a trusted and straightforward organization. There have been various Bitcoin tricks that have brought about individuals losing thousands, and even a large number of dollars worth of Bitcoins.

Every so often, individuals attempt to spare little measures of cash by choosing less straightforward wallets with less expensive charges. Shockingly, endeavors to spare pennies now and again result in individuals losing immense totals of cash.

Organizations that are sponsored by Silicon Valley wanders, or are formally consolidated in the United States and other created nations, for instance, are most likely more trust commendable than organizations that don't reveal their area, or are situated in regions with poor requirement measures.

TREZOR’S Litecoin Wallet

TREZOR is a hardware wallet that is capable of holding Litecoin and any other digital currency such as Dash, Bitcoin, Ethereum and more. Though the wallet price is a little bit high which is 99USD, you can trust the security measures that you can get from it. You can use multiple Altcoins on this wallet since it is a multi-currency wallet.

Ledger Nano S’s Litecoin Wallet

Ledger Nano S is considered to be one of the best wallets currently in terms of storing your coins. It is a hardware wallet that is also capable of storing multiple cryptocurrencies such as Litecoin, Bitcoin, Ethereum, Dash and more. Its way cheaper than TREZOR but the functionalities that you can get is almost the same including its security.

Exodus’s Litecoin Wallet

This wallet is a masterpiece of Blockchain assets. It allows you to store multiple cryptocurrencies such as Litecoin, Dash, Bitcoin, Ethereum and many more.

Jaxx’s Litecoin Wallet

This is a cross platform Bitcoin and altcoin wallet. Jaxx works on Desktop and mobile and is very intuitive and easy to use.

Liteaddress.org’s Litecoin Wallet

Liteaddress.org is a straightforward administration that will create a Litecoin key and address for you. You would then be able to print the key and address and securely store Litecoins disconnected. Due the majority of the robberies that have happened with Bitcoins and online wallets, many individuals now like to store coins disconnected. This administration is certainly justified regardless of a look in the event that you are searching for an approach to effectively store Bitcoins disconnected. Read this post to see how to make a 99.9% safe paper wallet.

Litecoin-QT’s LitecoinWallet

You will love this Litecoin-QT wallet since it is pretty convenient to use and it is FREE. You just have to install this on your computer and the time that it happens, you have to remember the configuration since you will start storing Litecoins into it.

To begin with this instructional exercise, all you require is a thumb drive that would be utilized to store your disconnected Litecoin wallet. I will prescribe that you have more than one thumb drive as a reinforcement just on the off chance that something happens to your primary.

Step 1 : Ubuntu Operating System

The reason it is so secure is on the grounds that we will be utilizing Ubuntu working framework to maintain a strategic distance from any spyware, malware and infections. Download Ubuntu from the official webpage, ubuntu.com. At that point you can proceed onward to the subsequent stage. We will require the downloaded document later.

Step 2 : Universal USB Installer

Next is to influence a bootable hard to drive. It is very simple as we will utilize a basic program to help us in making the bootable thumb drive.

Go to the Universal Installer Site to download the USB installer.
Once the download finishes, introduce the program.

Step 3 : Create a bootable thumb drive

Dispatch Universal USB Installer.

Step 1 : select Ubuntu.
Step 2 : select the Ubuntu document you have downloaded before.
Step 3 : select your thumb drive. In the event that it doesn't show up, restart the program with your thumb drive connected to.
We need to begin with a spotless thumb drive, so under Step 3, tick the small box to arrange the thumb drive.
Snap make and let it run.

Step 4 : Before restarting in Ubuntu

So you have everything prepared to boot up your machine to run Ubuntu. Yet, before you do a reboot, read on the accompanying strides and recall our page at RumorsCity.com with the goal that you can return and allude, on the off chance that you have to.

Step 5 : Reboot to Ubuntu
With the thumb drive connected to, restart your PC.
It should begin Ubuntu naturally, if not, hit Esc or Del key while your PC is booting up.
Imperative: select Run Ubuntu from USB drive from the popup. Try not to introduce Ubuntu with the goal that you don't keep any data on your PC and will have a crisp working framework each time you get to your wallet.

Step 6 : Download Litecoin customer
When you have effectively booted into Ubuntu working framework, the following stage is to download the Litecoin customer.

Associate with the web.

Download Litecoin customer from the authority Litecoin website page. Pick the Linux adaptation since you are not running Windows now.

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Zcash (ZEC) vs Monero (XMR) - Which is the Better Privacy Coin?

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Both Zcash and Monero are top privacy cryptocurrencies and in this post, we review their features, advantages, and disadvantages to see which one is the better bet.

Privacy coins are considered key to the crypto movement, which aims to put people in control of their money, without governmental interference and oversight. Today the market offers several privacy coins, and two of most popular are Zcash and Monero. In this post, we compare the two in-depth and see which one comes out on top.

What is Monero?

Monero (XMR) is a Proof-of-Work cryptocurrency that was launched in April 2014 and uses the CryptoNote protocol. It evolved from Bitmonero and, originally, Bytecoin. It obfuscates transactions amounts and sending and receiving addresses by default. This means that transactions cannot be linked to a user or real-world identity.

How does Monero ensure privacy?

Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the transaction details including the start and end points. XMR coins are also identical and cannot be linked back to their origins using a blockchain explorer.

What is Zcash?

Zcash (ZEC) is a Proof-of-Work cryptocurrency that is capable of private transactions and was released in October 2016. It uses a public blockchain but transactions amounts and sending and receiving addresses remain private. Privacy is optional and does not come as default. It is based on Bitcoin Core’s codebase but uses advanced cryptographic techniques to ensure that transactions are accepted without all the data being visible. The technology behind it is called CryptoNote.

How does Zcash ensure privacy?

Zcash uses a zero-knowledge proof construction called a zk-SNARK to guarantee transactions without revealing all of the data. This allows transactions to be confirmed without the transaction data being revealed.

Monero - key privacy features

Ring signatures - Every blockchain transaction has to be signed by a public key. Public keys are pseudonymous and there is a risk the user can be identified. In a ring signature, there are a group of public keys and any one of them can authorise the transaction. This means that the transaction gets signed but the public key does not identify the user.

Ring confidential transactions - Monero uses multiple transaction inputs and outputs to hide transactions and ringCTs ensure that no double spending occurs during this process. A ringCT encrypts the amount being sent from one account to another. Only the person receiving the XMR can decode how much was sent. This information is transferred in the ‘ecdhInfo’ part of the transaction. However, nodes need to verify the transaction and can do this using the Pedersen commitments. This allows a node to check that in at least one of the transactions, the amount sent, minus transaction fees, equals the amount received. RingCT also makes sure that the sum of the transactions is greater than 0, ensuring that someone does not use ‘minus’ sums to balance out creating extra coins.
Stealth addresses - Random one-time addresses are created for every transaction on behalf of the recipient. The Monero software checks all payments to see if they belong to the recipient and if so, allows them to be accessed. This means that transactions are kept hidden from users apart from the sender and the receiver.

Zcash - key privacy feature

Zk-SNARK - A zk-SNARK proof allows nodes to ensure the integrity of the network even though transactions are fully encrypted. They use hashes to prove that the information is correct without revealing the information, proving to the node that the transaction is authentic and accurate. It is worth knowing that the method of randomness in Zcash was determined by a cryptographic ceremony.

Advantages of Monero

XMR are fungible. This means that each coin is exactly the same. For Bitcoin, every coin can be traced back through its entire history and could be identified with illegal activity which may be incompatible with legal requirements for businesses in relation to stolen funds. This doesn’t work for Monero as each coin cannot be tracked back to its origin by using a blockchain explorer.

As transactions are private by default and as more transactions take place, the layers of obfuscation increase. This develops the level of privacy and helps protect transactions from being uncovered. This is a strong advantage because it means the effectiveness of the privacy methods will increase over time.

Advantages of Zcash

There is much more wallet support for Zcash including Ledger and Trezor and there are multiple internet wallets available. This allows for wider adoption as users have more ways to keep their coins secure.

In theory, Zcash has the potential for stronger privacy. This is because the encryption software can prove transactions are accurate without supplying the data in a public way. In contrast, Monero tries to make it difficult for users to see which is the real transaction but there is a possibility of getting it right.

Disadvantages of Monero

Recently a paper was published that identified flaws in the privacy elements of Monero. Researchers managed to identify a correct transaction 90% of the time even though it was supposed to be unidentifiable. The Monero code has since been updated and this figure has since halved.

Due to its strong privacy features, there is less wallet support for Monero. However, that is a testament to its privacy by default and a positive sign for users interested in privacy. It will need development in this area for it to succeed in the long term.

Disadvantages of Zcash

Zcash uses two different types of address: ‘z’ which are private and ‘t’ which are transparent. Exchanges only use ‘t’ address, main wallet support is for ‘t’ addresses and these addresses result in lower fees. Most users use these transparent addresses making it more obvious which addresses are for private transactions. Furthermore, full privacy is reserved for transactions where both addresses are private. This is quite a serious issue for Zcash as a privacy coin as its private functions are used less and disincentivized.


Both cryptocurrencies use advanced techniques and algorithms to facilitate private transactions. In theory, Zcash has a lot of potential because of the strength of zero-proof transactions. Yet, its privacy elements are not used in the majority of transactions and there are varying levels of privacy depending on whether the sender and receiver are both using ‘z’ addresses. In contrast, Monero’s transactions are private by default which encourages greater use of them and ensures more security over the network. While there are some compromises in the way it achieves privacy, Monero is currently the better privacy coin in light of all.
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Saturday, March 10, 2018

5 Invaluable Bitcoin Investment Tips!

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Before you rush ahead and invest thousands of dollars into purchasing Bitcoin, make sure to read and understand the 5 invaluable Bitcoin investment tips which are conveniently listed below!

5 Invaluable Bitcoin investment tips:

 1. Buy Bitcoin when there is a significant dip in Bitcoin’s market price

 Many first time investors make the mistake of purchasing Bitcoin when it’s thriving as they are more confident that Bitcoin will continue to skyrocket. However, the smartest time to invest in Bitcoin is when Bitcoin takes a significant dip in price as historically each time Bitcoin dips in price, its share price quickly recovers. Which means that you’ll be able to purchase valuable Bitcoins at a discounted price!

2. Decide whether you wish to take a short-term approach or a long-term approach to Bitcoin investment

 If you prefer to invest in long-term investments, which may result in generous profits, you may choose to purchase and hold on to your Bitcoin, for the long term. Whereas if you prefer to make quick, short-term investments you may choose, to regularly buy Bitcoin when there is a dip in Bitcoin’s market price before quickly selling your Bitcoin as soon as its price recovers.
 Alternatively, you may want to purchase Bitcoin to hold on to, for several years as well as Bitcoin, which you’ll aim to sell within the next couple of months.

 3. Choose to invest the bulk of your cryptocurrency cash in Bitcoin, rather than copycat cryptocurrencies

 While a wide variety of cryptocurrencies such as Litecoin, Ethereum, Ripple, and Dash have gone from strength to strength, for every digital currency which has achieved phenomenal success, several currencies will have fallen by the wayside.
 So while you may want to diversify your investments in order to decrease your risk level, by choosing to invest the bulk of your capital into Bitcoin, you’ll actually increase your chances of making an enviable long-term profit.

 4. Make sure that you can afford to lose any money which you choose to invest in Bitcoin

 As with any other investment, it’s important only to invest funds which you can afford to lose as while it’s highly likely that you’ll make a significant profit investing in Bitcoin, there is a relatively small chance that you may end up losing some or all of the capital which you choose to invest in Bitcoin.
 As while financial experts don’t foresee Bitcoin’s market price permanently crashing in the next few years, it is possible that Bitcoin’s market price could eventually crash.

 5. Make sure that you control your Bitcoins

 While some sites encourage their clients to store their Bitcoins directly on their site, the only way which you can properly protect your Bitcoins from being hacked is to keep your Bitcoins stored in a hardware wallet. Forget paper wallets as if you misplace the piece of paper which you keep your digital wallet’s keycode on, you won’t be able to access or withdraw your Bitcoins!
 If you’re convinced that you can make a decent profit by investing in Bitcoin, make sure that you understand each of the invaluable Bitcoin tips listed above.
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5 Must Know Bitcoin Trading Tips

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Every soldier is familiar with the statement that “safety rules were written with blood”.  While we are not referring to a risk to human life, losing your prized Bitcoins by making trading mistakes is clearly not a fun situation to find yourself.

How can you avoid mistakes in your Bitcoin trading? How can you be mainly on the green side? The first thing that you should be aware of is that trading requires attention and complete focus. The second thing is that trading is not for everybody.

The tips below are easy to understand and implement since they were “written in the blood of the veterans”. However, it is still possible to experience problems applying them in real-time since human beings are not always rational.

Have a reason for getting into a trade

You should only enter a trade when you know exactly why you are doing it and have a proper strategy for afterward. Since trading is a zero-sum game (one person’s loss is another person’s gain), not all traders actually make gains from trading.

Large whales (yes, the same ones placing massive blocks of hundreds of Bitcoins on the order book) drive the Altcoins market. The whales wait patiently for small, innocent fish (regular retail traders like us) to make mistakes.

Even if your aim is to trading bitcoin every single day, it is sometimes better to do nothing and not earn rather than jumping into the rushing water and expose your coins to losses. From experience, you can keep your profits by not trading completely on some days.

Set a Stop and Target Before Getting into a Trade

It is important to set a clear target for taking profit for each trade as well as a stop-loss for cutting your losses. A stop-loss is setting a loss level where the trade will get closed. It is important to consider several factors when setting your stop loss.

The path to failure for most traders is falling in love with either the coin itself or the trade. They keep saying to themselves that eventually the price will turn around and they will exit the trade with minimal losses.

However, letting your ego take control is the quickest route to disaster since Crypto trades are usually riskier compared to traditional stock markets where daily movements of 2 to 3 percent are considered extreme. Cryptocurrencies can lose or gain tens of percentage points in a matter of hours!

Fear Of Missing Out (FOMO)

It is never fun to see certain situations from the outside such as when a particular coin is being pumped up in a big way and making double-digit gains in a matter of minutes. Such situations are evidenced by massive green candles enticing you to start trading those coins.

At this point, you will start noticing people flooding Cryptocurrency forums and exchanges to talk about the point. What should you do in such a situation? The answer is quite simple, just continue moving forward.

It is certainly possible that many might have got on the move before the rest of the traders and it can still rise, but remember that whales are simply waiting for small buyers to sell the coins that they bought at considerably lower prices.

At this point, prices will be now high, but it will be evident that those currently holding coins are just the little fish. Needless to say, the next step is almost always a massive bright red candle that sells through the entire order book.

Risk Management

Big pig gets eaten while little pig eats a lot. This statement tells the story of the market profits from our perspective. If you wish to be a profitable trader, you should never look for the movement’s peak. A better idea would be to look for small profits that eventually accumulate into a massive one.

Wisely manage your risk across your portfolio. For instance, never invest more than a small proportion of your portfolio in a non-liquid market. To traders assigned greater tolerance - the stop loss and target levels are usually far from the buying level.

The Underlying Asset Can Create Volatile Market Conditions

Altcoins are generally traded according to the value of Bitcoin. Bitcoin is a volatile asset and it is important to take this into consideration especially during the days when Bitcoin’s value moves sharply.

Bitcoin and Altcoins tend to have an inverse relationship in their value, i.e. when Bitcoin’s value drops then Altcoins gain their Bitcoin value and vice versa. When Bitcoin is volatile the trading conditions will be kind of foggy. In times of fog, it is much harder to see ahead and it is better to not trade at all or simply have close targets for trades.
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9 Must have tips for securing your crypto wallet

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Security in the techno-savvy world is very complex. It seems that nearly every day there’s another report of a major hacking or ransomware violation. And as the number of hacks increases, consumer desires for security increase as well.

The promise of blockchain technology and the power of cryptocurrencies is their security. Blockchain makes it impossible for someone to hack into your cryptocurrency and steal it since blockchain is completely secure through the distributed ledger that creates the chain.

While blockchain is the model of internet security, that doesn’t produce a fully secure system for users. There’s a surprising security risk regarding your digital wallet, and few cryptocurrency investors are aware of it.

Only As Secure As

The threat to your digital wallet is not through the blockchain but through the wallet or exchange provider. Information can be tracked and stored at the provider level, including your personal key, and can then be accessed by hackers in order to access your wallet without your permission.

Because the competition for digital wallet usage is growing, companies are seeking more information about their customers. Whether through information provided or through tracking software, companies are learning about their customers more than ever before.

Wallet providers are tracking the information that you provide them. When you sign up for digital wallets with providers or exchanges, the company requires a certain level of information. Email address and name are all included in the data collected.While developers at wallet companies are kept under lock and key for security, the marketing information is not, and therefore can be accessed.

However, marketing managers are constantly seeking to track the online activity of their users. Search history, emails, and web activity all provide valuable information about what customers want and what would best be marketed to them.

Therefore, the information that can be easily tracked by your provider includes web activity, searches, and even keystrokes. What’s more, some software used by marketing companies today includes services that allow the researcher to actually see what the user sees. This means that secure private keys generated by wallet holders may not be such secure after all.

Marketing managers can track your keystrokes, and even see what you can see.
The data that is collected by your wallet provider, and the information that is possible to gain from your computer for marketing purposes, can be combined to allow hackers to sneak into your digital wallet. The possibility of revealing your secret key to your wallet provider is real, and that data can be accessed simply by hacking the wallet provider’s servers or through insider’s hacking.

What can be done?

There are a number of important safety and security practices that can help to protect your private keys and therefore protect your funds.

1. Secure Your Wallets

First, it is wise to find a wallet with security measures beyond the normal wallet providers. Some wallets are now using encryption to protect the private keys. Companies like Coinomi, Mycelium, and Corion have created a code package that encrypts the key data and protects it from insider hacking.

The above company offers a variety of services including a wallet and an exchange, all of which use encryption for private keys. Corion stands for capital online reward incentive optimized network – meaning that the company incentivizes consumers to use the platform by giving them rewards for activity. Corion has also shared the code for their Safety Look Solution so that other wallet providers can offer the same level of security. The details are available on their GitHub here.

2. Separate Your Funds, Use Cold Storage

Users should always have at least two digital wallets (or even more, depends on the amount of crypto funds). One wallet should be used for trading and transactional purposes, and the other wallet should be used to store savings and be kept in a secure location. This type of wallet must be a cold storage wallet. In any way, a backup of the private keys has to be stored safely offline (it’s a good idea to separate the private key into 2-3 parts and store them safely away from each other).

3. Wi-fi Wisdom

Be careful about where you go online when you’re using a device that has a wallet on it. Dangerous websites and risky wi-fi networks put your wallet at risk. At the same time, do not leave your device unattended, or lend it to anyone.

4. Service-Safety

If your device holding your wallet needs service, be sure to move the funds from the wallet before having service done. Further, it is wise to change wallets every few months in order to not allow the wallet security to grow thin over time.

5. Gone Phishing – Email and Web

Phishing scams through Google Ads and through email are rampant in the crypto world. Phishing scams are becoming more and more elaborate, make sure email received from wallet companies have their domain spelled correctly and never look for their web address clicking on Google ads. Once you send a phishing website your private key you can say goodbye to your funds.

6. Turn off auto-updates

It’s always a good idea to turn off auto-updates for applications relating to the crypto sphere. Application bugs can potentially create massive losses for account holders. It’s best to wait 2-3 days after an update has been released to see if any bugs appear. Once the app has been tested by other users, it’s a safe bet that you can install it without risk.

7. One or Two Factor?

It’s best to enable two-factor authentication (2FA) if your wallet allows for it. 2FA is simply a double authentication of who you are. 2FA Authentication can be done in different ways – Google Authenticator app uses a 6 digit code which is changing minute by minute and is unique to you, another option is to add biometric identification like a fingerprint. Whichever you choose, 2FA is very important in order to increase security.

8. Double Check the Address

It’s important to double check the address that you send any payment transaction to. There are malicious programs that can edit a ‘copy and paste’ procedure in order to paste a different address, the new address belongs to an attacker. It’s usually best to send a micropayment as a verification, and then send the larger payment to the verified address.

9. Check the Locks

It’s important when using a web wallet, to ensure that there is an SSL security mark in the address window of your web browser. This stands for secure site seal, and ensures that your browsing is encrypted. The website should begin with HTTPS, rather than HTTP and you should notice a lock sign next to the URL. Again, security is critical when dealing with digital wallets.
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Tuesday, February 6, 2018

6 Ways to Spend Valentine’s Day with Your BFFs

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Valentine’s Day can be all about romance, but it can also be about appreciating the love in your life, regardless of where it comes from. For many of us twentysomethings (even if we aren’t single), it’s the roommates, BFFs, parents and childhood friends who mean the most to us, and that’s a fantastic thing.

If your relationship status is single this Valentine’s Day, here are some ideas for spending time (and sharing the love!) with the people who mean the most in your life.

1. Plan a group outing

Valentine’s Day is a classic date night, so why not plan a fun date night, but with friends instead?

Megan Lawler, a 2014 Illinois State University grad, is spending this February 14 on a stereotypical date to dinner and the movies… with all of her single girlfriends. “We're going to get dinner at a sushi restaurant first, then going to see Fifty Shades of Grey together,” she says. “It’s super stereotypical, but we're all really excited!”

Stereotypical or not, surrounding yourself with your closest girlfriends for a fun evening out is a perfect way to ensure you don’t feel lonely without a boyfriend.

Planning one-on-one time with a close friend can be a great option as well. “My best friend and I went out to dinner together and then went to go see a cheesy rom-com in theatres together,” says Leta Stevens, a 2012 Purdue University graduate. “We went to one of the theatres that serve alcohol and had popcorn, candy, and wine, and it was so much fun!”

2. Stay in

Not so stoked about being out in public, surrounded by couples? We get it. If you’re up for playing host, there are a slew of different parties you can plan. Send an email out to all of your single girlfriends and encourage them to invite anyone they know who’s also single and without plans.

Here are some of our favorite ideas:
Girls’ night in: Invite all your friends over and encourage them to show up in yoga pants. Order in and consider letting your friends spend the night so everyone can drink that extra glass of wine. We’d vote for a Gilmore Girls marathon (the love between Rory and Lorelai is truly something to admire), but chick flicks and rom-coms starring your favorite celebrity crush do the trick as well!

Game night: Everyone loves an excuse to play their favorite board games! How will you choose between Taboo, Cards Against Humanity and Trivial Pursuit? Don’t forget about the classics either: Monopoly, Sorry!, Uno and Scrabble are great for smaller groups.

Beer or wine tasting: Ask all your friends to bring a few bottles of their favorite adult beverage, and then have everyone participate in blind taste tests. Guests can vote on their favorite in each category, and the winners get a fun prize. Did someone say, “10-pound Hershey bar”?

Potluck: Suggest a potluck dinner to your friends, or even just a potluck dessert. Everyone loves an excuse to try new, homemade foods, and you can even encourage everyone to bring their recipes so they can exchange them with your other guests!

Gift exchange: Secret admirers aren’t just for the holidays! Pick names out of a hat a week or two beforehand, and then exchange as a group so each person goes home with a slew of goodies. Or, plan a white elephant gift exchange—it’s the perfect way to get rid of odd holiday presents!

3. Shower your friends with love

There’s no better way to spread love than by treating and giving gifts to the people in your life who mean the most to you. It harkens back to the days when we had to hand write our names on pre-written Disney princess valentines and put them in everyone’s cubbies—and we kind of love it. Take Megan’s lead: “My friends and I don't necessarily exchange presents, but last year I made them little ‘Single Girls’ Valentine’s Day bags with chocolate and wine in them, and I'm planning on doing something similar this year,” she says. “It’s just a fun way to show you care!”

4. Pamper yourself

Love can also be about splurging on the number-one person in your life: yourself. What better way to pamper yourself than with a spa day? Solo or with a friend, set up an appointment for a massage or a facial.

Not feeling like you can spend the dough? “My roommate and I wanted to pamper ourselves for Valentine’s Day this year, but we didn’t want to splurge on expensive massages. Instead, we’re going to turn our apartment into a mini spa!” says Rebecca Silverman, a University of Arizona grad. “We’re going to light candles, put on relaxing music, do yoga and have a veg-out girls’ day in. We can’t wait!”

Like Rebecca, plan an at-home spa day with a friend! Do your nails and try different face masks, and start watching that show you’ve been meaning to binge-watch.

5. Get in some family time

If you’re in the same city as your family this year, consider spending the evening with them: the truly constant (and unconditional!) loves of your life. Cook dinner for your parents and siblings, they have a game night. Or, if you’re feeling really generous, offer to babysit.

“My aunt and uncle work so hard and they rarely get a night off or a chance to go out without their kids,” says Andrea Grobman, a University of California, Davis grad. “Since Valentine’s Day doesn’t mean a lot to me, I offered to babysit for them this year. They appreciated the gesture so much, and it’s a chance to bond with my cousins!”

6. Spend the day volunteering

Homeless puppies and kittens need love, too! Volunteer with a local shelter or find other ways to donate your time, such as spending the evening at a senior home. You won’t be alone or wallowing, and you’ll be giving back to the community—it’s a win-win!

Need ideas, or ways to find volunteer gigs? Check out VolunteerMatch.org, a site that lets you pick your interests and causes and helps match you with in-need organizations in your area.

Whether you choose to spend Valentine’s Day pampering yourself, going out with a group of girlfriends or giving back to the community, there are plenty of alternatives to staying cooped up inside your apartment feeling sorry for yourself on February 14. Just because you’re dateless doesn’t mean you’re any less fabulous—just let this Valentine’s Day be an excuse to celebrate all of the incredible love in your life!
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Monday, January 15, 2018

Ledger Nano S Bitcoin Hardware Wallet Review

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Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, which makes it easy to secure your cryptocurrency in a way that makes it simple to access. In this post, we will review the product and determine whether it is suitable for storing your cryptocurrency.

Ledger Nano S Bitcoin Hardware Wallet Review


With the price of Bitcoin hitting a new all-time high of $19000 recently, I thought now would be a good time to purchase a hardware wallet to secure my bitcoin. After doing some research on various makes and models I decided to go for the Ledger Nano S and in this post, I will give it a review.

How the Ledger Nano S Works

The Ledger Nano S is powered via a USB cable. When plugging in for the first time you will be presented with an easy to follow configuration wizard, which is all done on the device via the built-in display. Since the device is fully configurable by the display and buttons on the device, it’s possible to do the initial configuration without connecting it to a PC.

The first thing you will be asked is to choose between restoring a previous configuration or starting a new configuration.

After selecting new configuration you will be asked to enter a PIN and then confirm it. This PIN will be required to access your funds and if it’s entered wrong 3 times the device will reset. This is a handy security feature that will make it difficult for the seed words on a lost or stolen Ledger to be retrieved from the device.

Once the PIN has been confirmed, the built it random number generator will generate a random list of seed words that you need to write down on a piece of paper. Once written down, you will be asked to confirm a couple of the seed words and then once verified the device is ready to use.

WARNING: don’t trust the verification mechanism of your seed words. In my experience, it easy to make a mistake writing down a word and the full restore will not work. Once you have written the seed words down do a full restore to test them. It will take a little longer but it’s worth it to make sure your funds are safe.

With the Ledger Nano S configured you can now send/receive funds by using a supported software wallet that communicates with the device. I’ve found the official app by Ledger is good as a basic wallet, however, you might want to use something like Electrum for more advanced features.

What’s Good About The Ledger Nano S

Some of the things I like about the Ledger Nano S are:
  • Plausible deniability feature.
  • Entering the PIN is done on the device.
  • Transactions must be confirmed from the device.
  • Multiple cryptocurrencies are supported like, Ethereum, Zcash and Bitcoin Cash etc.
  • Works with Electrum.
  • Fully configurable from the device.

A note on plausible deniability. This is an option that lets you assign an additional password that scrambles the initial seed words and is linked to a different PIN. This means you can have a hidden wallet that stores most of your funds, therefore should an attacker manage to extort your seed words they will only have access to a small balance. The other thing I like about this feature is it helps me sleep at night knowing that if the random number generator is not truly random only the funds with the initial seed words can be stolen because the custom passphrase adds some extra entropy.

What’s Not So Good About the Ledger Nano S

The only issue I’ve found with the Ledger is the seed words verification mechanism. I noticed that it only asks you to confirm 2 seed words that were written down and then it verifies ok. However, I wanted to make sure and did a full restore which failed. This is because I had written down one of the words incorrectly. It took me a few attempts to get it right.


So far I’m really happy with the Ledger Nano S.

At first, I was a little reluctant to rely on the built-in random number generator to generate a unique list of seed words because of some of the horror stories I’ve read with different wallet implementations not doing this correctly and people losing funds.

However, after doing a little research on the chip and algorithm used, I’m confident the implementation is generating unique seed words especially combining it with a custom passphrase.

Now I can sleep easy knowing my private keys are safe. If you have any questions or comments about the Ledger Nano S, leave them in the comments below.
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