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abualez

Cybercriminals and the future of digital currencies

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Unfortunate the hackers they update their Technics according to the security technology development, so if we stay on the old technology we dont update our security we will be victim of hackers and easy to hack us.

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I have already activated most of those tips in my smartphone to make it safe from cyber criminals. Our first priority must be of the security of our crypto assets. So take all these steps to secure your phone.

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Precaution is better for you than to accidentally make a mistake if you understand the significance. All I said is that I agree with you about it because the penetration process takes place through your mobile phone because it contains important things that they can penetrate your accounts. And one of the best precautions in every process that you do with your phone is one mistake that costs you a lot

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Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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theres alot of ways to get hacked , it will make much more secure to your account but as i see this is the beginners section and as a beginner most of the people fall for the phishing sites more than getting their device hacked

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I must admit that i myself have been guilty of doing some of these on my mobile phones, however after reading an article that was recently published online on the vulnerability of the mobile phones and the malware that can infect phones to change wallet addresses, i am not very careful. Also i have been scammed out of a lot of crypto in the past, and have had an account of mine hacked before through the use of third party software. I now do not use third party software and only use official apps for the sites that i use and i suggest that everyone else do the same as well.

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On 5/31/2020 at 10:20 PM, abualez said:

 


  We both use mobile phones as an essential part of our daily lives with which we have been immersed in digital life.
  Many digital currency traders were exposed to cyber criminals who exploit the weaknesses of mobile phones. Therefore, it became necessary to secure mobile devices as follows:
  First, the digital ID must not be linked to portable devices.
  Secondly, the electronic wallet in which the digital currencies are stored must be free from any records of trading and registration in profitable and investment locations, and to call them the forgotten wallet (Z).
  Third, the mobile phone must not have a SIM card containing the forgotten wallet (Z).
  Fourth, you must own another mobile device to carry out the operations of earning, trading, investing and transferring profits from currencies to the portfolio (Z).
  Fifth, use widgets like google Authentictot or Authy to secure the account with 2FA authentication.
  Sixth, avoid falling victim to fraudulent cybercriminals' applications when doing transactions by verifying the recipient's wallet address and pasting it multiple times and making sure it is correct every time.
  Seventh, do not save passwords and code messages to your phone
  Eighth, entry away from public, insecure, open Internet networks was kept away.


  In conclusion, hurry to secure your currencies so that you are in your wallet, not to someone else.

one thing that makes cryptocurreny dangerous is that the scammers and cyber criminals. When i'm in doubt about earning btcs i used to think that it could risk my safety and also if it is legit so the future of digital currency is promising yet the upcoming dangers is inevitable since once digital currency dominates, cyber criminals will rise up too. 

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Cybercrimes is growing faster in today's world so it is very important we should know how hackers tends to defraud people and we should know the solutions or tips like the one above to prevent them against us.

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Thank you for such useful topic containing most of the cyber issues we are facing right now at cryptocurrencies community.

 

Nevertheless i think that those are not only all of them as from my experience there are lot more from downloading 3rd party apps, email spammers or keyloggers and much more stuff coming from the internet.

 

On the other hand using cellphones might also potentiate such stuff.

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What are all these procedures? Are things complicated to this degree? I thought it was enough to use a decentralized wallet and keep the private key in a safe place

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Cyber crimes have been incredibly increased in these past years . And while the world is upgrading , hackers are also upgrading and increasing . Well the points you mentioned i completely agree with that and I think we have to use different cell phone without sim card while making transaction otherwise we may fall in the trap of scammers . So we have to be serious regarding this 

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Mostly your warning are best and should be followed. But some are just over thinking suggestion like you don't have and sim card in your mobile in which you have wallet and you have always another phone. I think hacking always done due to our mistakes.we give the clue to hackers by clicking fake links. So if we are be careful about this then it is very hard to hack our wallets. 

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Cybercriminals are growing day by day and it is our greatest enemy and we have to be unite and fight against them and these informations is very helpful to make your wallets safe from the cybercriminals. Thank you for information.

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We should be wise all the time especially there are many scams and cyber criminals out there. So we need to double secure and be careful on our crypto earnings.

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My friend, I want to add to the topic:
Ninth: We must pay attention to the permissions we give to new applications that we install on our mobile phones.

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Using mobile phones is really important in our daily lives, it is more important if you are using it as your mobile wallet account, so you have to secure it well to avoid being hacked. You should be careful about installing some unknown applications.

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Thank you for this mate, yes we must protect ourselves from those greedy cyber criminals. Our mobile phones is our only weapon and only tool that keep us on working here. With the help of the tips that listed we may prevent this kind of hacking on our phones. Let's be careful and always keep safe.

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On 6/1/2020 at 4:04 AM, BTC Future said:

Thanks for the reminder. I had some things on my phone that I had to get rid-off and your post reminded me. There should be strict security on our mobiles guys. Be careful and don't hold too much on mobile wallets either. There are many ways hackers can get access.

Just don't give your private information especially when a random person asking it on you. 

Be wise and trust your doubt always, if you know they have bad intentions much better to never talk to them. 

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On 6/5/2020 at 2:39 PM, Calvinpriva said:

There are many cyber criminals,

Well, that's true mate, we cannot avoid to have a cyber criminals like hackers scammers etc but most of the trending hacking as of now is the phishing, we need to be careful for those links that we are open because there's a tendency that is just a clickbait and that's how phishing works.

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Cybercriminals are very active nowadays and recently more hacking activities have been occurred. We have to be safe from this criminal activities. To avoid being hacked above information is very helpful. 

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This is necessary and we must use all possible means of protection in order to keep our currencies and our wallet safe from hacking and theft.

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Life is great and enjoy it

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You are absolutely right, these tips are important to protect your wallet from hacking and theft. Any user of cryptocurrencies should take all necessary steps to secure his account and not download any application from an unknown source on mobile phone in order not to be stolen your data. I recommend enabling the 2FA feature For your account, it is effective against hacking

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In general, the uses of cryptocurrencies have become in various climates of life and for various commodities, and they are more desirable than fiat currencies for some. Among these things and commodities are the illegal things, but in the central platforms, these processes can be controlled and tracked, unlike the decentralized platforms that do not need a middleman and in my opinion this is the nature of things.

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Unfortunately, now most countries are facing difficulty in legislating the use of cryptocurrencies due to the possibility of using them for illegal matters or having difficulty controlling their use Unfortunately, there are currencies that have a high level of privacy protection, in addition to decentralized platforms Thus, it is freely used in all fields

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On 6/1/2020 at 5:03 PM, Omar Ommeish said:

Yes, you're right
In addition, I advise everyone not to download applications that require permissions to access personal information on the phone.

Its true we surely avoid those unknown application who wants our personal information to access our account, but its little hard because now a days so many apps required to give permission to access on our mobile, so download only trusted and we needed apps.

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Genuinely stated and very nice tips worth enough of giving positive reputations to the highest order due it usefulness.

Work accordingly with aforementioned hints above to keep yourself safe and highly protected from attacks of scammers or hackers.

Thank you for this great work

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There are those who want the network to remain unchanged and those who would like to add more features to Bitcoin, expanding the network's capabilities. Cobra is confident that these disagreements could negatively affect the ecosystem of the first cryptocurrency.   – American entrepreneur and investor Chris Dixon criticised the tightening measures taken by regulators regarding cryptocurrencies. The US Securities and Exchange Commission (SEC) is increasingly suing crypto companies, claiming they are trading unregistered securities. This has caused Dixon great concern. "The US has an absurd cryptocurrency regulation regime. [...] Major industry companies developing blockchain-based solutions face constant pressure. Existing rules encourage platforms to host only memecoins, which can be freely traded on markets without any restrictions, rather than other more useful crypto assets," stated Dixon. Further in his forecasts, the administrator of Bitcoin.org under the nickname Cobra believes that the US authorities are preparing to introduce a complete ban on self-custody of cryptocurrency. This means that citizens of the country will have to involve intermediaries who will store their digital assets. "If you think the government won't come for your bitcoins, you just haven't paid attention to this," Cobra scares readers on the pages of social network X.   – The Federal Court of Seattle (USA) has delivered a verdict in the case of the co-founder and former CEO of the largest crypto exchange, Binance, Changpeng Zhao. It is noted that the businessman was accused of crimes related to money transfers without a license. While the prosecution had requested three years of imprisonment, the defense suggested settling for five months of probation. Representatives of the Justice Department insisted that probation for CZ was inappropriate as "such a decision could encourage others to break the law on the largest possible scale." The defence argued the absence of evidence that the defendant was informed of the illegal activities on the exchange. As a result, one of the wealthiest people in the crypto industry got away with four months of imprisonment. Addressing his final words, Changpeng Zhao acknowledged that he had failed to properly establish a suitable client verification system at Binance and to counteract money laundering during his tenure. Recall that in November 2023, Zhao reached a settlement with the US government to end a years-long investigation against Binance. As part of the agreement, he stepped down as CEO and agreed to pay a fine of $50 million. However, as we see, the US authorities found this insufficient, and now, in addition to dismissal and a fine, a prison term has been added. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Почему цена биткоина столь волатильна и наступит ли стабильность?   Биткоин по-прежнему поражает своими непредсказуемыми изменениями цены. В момент своего создания его стоимость равнялась нескольким центам, а в марте этого года он достиг рекордного максимума на отметке почти $74 000. Этот долгий путь был отмечен крайней волатильностью, а иногда его колебания превышали 80%. Понимание нестабильной природы биткоина имеет решающее значение для успеха инвесторов и аналитиков, поскольку помогает составить представление о будущем криптовалют. Волатильность биткоина обусловлена множеством факторов, которые заключаются в характеристиках очень молодой цифровой валюты. В отличие от традиционных активов, имеющих многовековую историю, биткоин и рынок криптовалют в целом не имеют устоявшейся динамики рынка. В настоящее время из-за манипуляций его стоимость регулярно переоценивается рынком, что приводит к большим колебаниям цен в ответ на новую информацию и события. Одним из фундаментальных факторов, влияющих на волатильность BTC, является лимитированность его предложения в 21 миллион монет. Усиливающийся дефицит монет усиливает колебания цен, особенно на фоне растущего спроса со стороны розничных и институциональных инвесторов. Кроме того, влияние крупных инвесторов, которых обычно называют криптокитами, ещё больше усугубляет волатильность цен. Их значительные активы позволяют им влиять на динамику рынка с помощью крупных ордеров на покупку или продажу, что также приводит к резким изменениям цен. И здесь следует упомянуть относительную незрелость инфраструктуры рынка криптовалют и проблемы с ликвидностью, поэтому любые крупные сделки, безусловно, влияют на рыночные цены. Недостаток ликвидности может усилить колебания цен, поскольку инвесторы маневрируют, открывая позиции и выходя из них. Считалось, что появление деривативов, связанных с биткоином в виде спотовых ETF, и развитие рыночной инфраструктуры могут сделать торговый процесс более стабильным. Пока же мы наблюдаем резкие скачки из-за крупных притоков и оттоков средств. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2410618
    • April Results: A British Pound Trade Nets NordFX Client Over $25,000 in Profit     Brokerage firm NordFX has summarized the trading performance of its clients for April 2024. The efficacy of social trading services, PAMM and CopyTrading, as well as the earnings of the company’s IB-partners were also evaluated.   - This month’s highest profit was earned by a client from South Asia, account number 1765XXX, who made $26,757 from trading the GBP/USD pair. - The second place in the TOP-3 was taken by their compatriot, account number 1751XXX, with earnings of $16,976 from gold trades (XAU/USD). - The third step of the April podium was claimed by a trader from East Asia, account number 1609XXX, who traded not physical but digital “gold”: bitcoin. It was the BTC/USD pair transactions that enabled them to profit by $14,301.   The passive investment services at NordFX showed the following trends:   - In the PAMM service, we continue to monitor the account named Kikos2. Opened on November 18 last year, now after 162 days of operation, it shows a fantastic profit of 1161%. While this result is impressive, the aggressive trading strategy has also led to a substantial drawdown of 58%. Unrelenting statistics demonstrate that even more conservative trading can lead to a complete loss of funds. Therefore, investors must always exercise utmost caution and only risk the money whose loss will not disrupt their normal life. We will continue to monitor and see what happens with this account in May.    - In CopyTrading, we have previously highlighted the signal yahmat-forex, which has shown a return of 415% over 312 days with a maximum drawdown of 37%. Another interesting signal called NordFXSrilanka has made a profit of 39% in 113 days, specifically since January 6, 2024. While not as impressive as yahmat-forex, its notable advantage is a very small drawdown: just about 9%.   Among the IB-partners of NordFX, the TOP-3 are as follows: - The largest commission reward of $22,732 was credited to a partner from Western Asia, account number 1645XXX. - The next is a partner from South Asia, account number 1682XXX, who received $5,224. - Finally, rounding out the top three is their compatriot, account number 1565XXX, who was rewarded with $3,614.   ***   As we conclude this month, it is important to note that NordFX clients now have yet another excellent opportunity to enhance their financial portfolio. In the 2024 super lottery, 202+4 cash prizes totaling $100,000 will be awarded. Participating in the lottery and securing a chance to win one or even several of these prizes is quite simple. For more details, visit the NordFX website. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Со временем которое осталось, да скорее все так и может быть, но лучше будет постараться дойти до 6-го уровня, то есть довести дело до конца, а после и расслабиться. Хотя даже так увы нет никаких гарантий, что это может нам что-то принести, но будем надеяться, что 6 лвл будет иметь весомое значение при раздаче.
    • SwapGate | Efficient Cryptocurrency Exchange SwapGate provides you with an innovative platform for instant cryptocurrency exchange. Our mission is to offer a fast, secure, and convenient exchange service for over 100 types of cryptocurrency assets without the need for lengthy registration and KYC procedures. Our service works 24/7 and you can already make your cryptocurrency exchanges now. Our platform is simple, easy to use, and built for efficient cryptocurrency transactions. Here are our key features of the SwapGate platform:  Fast and Affordable: Start exchanging instantly without going through registration. Transparent terms and conditions: We guarantee no hidden fees and fair transaction terms.  High security: We use advanced encryption and security technologies to protect your data and funds. About SwapGate: At SwapGate, we are committed to continuous development and innovation. Our team are professionals in their field, united by a common goal to create an efficient cryptocurrency exchange platform. We strive to offer the best service and constant online customer support . You can efficiently perform cryptocurrency manipulation on our website, and here are the short steps to exchange on SwapGate:  Asset selection: Determine which cryptocurrencies you want to exchange.  Determining the exchange rate: Choose a floating or fixed exchange rate.  Confirm & Send: Confirm the transaction details and send the cryptocurrency to the specified address.  Receive Coins: Track the exchange process in real-time and receive your cryptocurrency to the provided wallet. Join SwapGate and make fast exchanges without hidden fees! ️ SwapGate has a seamless support team ready to assist you with your cryptocurrency exchange needs. For more information, please get in touch with us:  Online chat: On the website, click on the blue dialog box  Email: info@SwapGate.io  Tech Support: @SwapGate_SupportBot on Telegram SwapGate is the choice for safe and easy cryptocurrency exchange with favorable fees. Easily exchange fiat for cryptocurrency and one cryptocurrency for another. Join us on https://swapgate.io and enjoy fast transactions now.
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