Dapper Labs Inc. has pulled off another huge partnership after its NBA Top Shop Platform achieved incredible success. This time it has branched into another sport – that of football, that is, the American version.
The partnership with the National Football League, together with its Players Association, will give Dapper Labs the go-ahead to create NFTs (Non-Fungible Tokens) of the top video highlights from the season. All 32 teams that participate in the league will be included in the set.
Roham Gharegozlou, co-founder and chief executive officer of Dapper Labs said of the partnership:
“We can’t wait to give the more-than-300-million NFL fans the opportunity to own the game that matters to them and engage with the sport in a whole new way,”
Joe Ruggiero, senior vice president of consumer products at the NFL, said in the same press release:
“We believe blockchain technology has great potential to enhance the NFL fan experience in the future and we are excited to have Dapper Labs as one of our first partners in exploring this emerging space,”
The partnership for Dapper Labs comes hot on the heels of another scoop, as it signed a deal earlier in the month with La Liga, to create NFTs for fans of the Spanish soccer league. The NFTs will be collated from moments over the previous ten seasons, and will feature the likes of iconic teams such as Real Madrid and Barcelona.
Dapper Labs is racing to the forefront of collectibles with these massive partnerships. Interest in NFTs is still at fever pitch, and collections on varied themes such as rocks, apes, and cats are selling at astronomical prices.
Dapper Lab’s first collection, which included video highlights from the NBA, was a huge hit with fans, and, according to an article on Bloomberg, saw 1 million registered users and 13 million transactions.
Gharegozlou has said that his company is looking to move into all major sporting arenas with its NFT collections
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Chile’s central bank has announced that it will be deciding on a strategy for the roll-out of its digital currency in 2022. The announcement was made by the central bank president and came against the backdrop of other central banks and policymakers trying to keep up with cryptocurrencies.
There has been a global crackdown on cryptocurrencies, with regulators in several countries getting increasingly alarmed at the rapid rate of expansion of the crypto market, which had exceeded a record-breaking $2 trillion in April. China also announced on Friday that it was completely banning all crypto trading and mining operations.
Creating A Digital Peso
The president of Chile’s central bank, Mario Marcel, made a presentation before legislators in which he stated that he had created a high-level working group that would study a medium-term strategy that would look at minting a “digital peso.” This would help the central bank meet the needs of an “increasingly challenging payments industry.”
The president of the Chilean central bank stated to lawmakers,
“From objectives linked to the needs of the public, financial stability and effectiveness of monetary policy, the Central Bank will define, at the beginning of 2022, a proposal with options and requirements for an eventual issuance of a digital peso in Chile.”
Rising Use Of Digital Payments
According to Marcel, Chile has seen a significant increase in the use of digital payments, with more than 40% of household consumption and expenses handled through credit cards and other similar systems. The use of digital transfers has also shown quite an increase.
Regulators worldwide are worried that a significant rise in the use of privately operated cryptocurrencies could significantly undermine the control that they have over the financial systems and monetary policy and fuel systemic risks and financial crimes that could hurt investors. The central bank president further stated that the working group would study the risks to Chile’s banking system if it adopted digital currencies and the efficiency of its monetary policy.
Meanwhile, Related Developments Around The World
Several countries around the world are exploring the use of central bank digital currencies, with their central banks already launching studies and pilot projects based around them.
Federal Reserve To Release CBDC Report Soon
The Federal Reserve Chair, Jerome Powell, has announced that the reserve will release a report containing the findings of research conducted to examine central bank digital currencies (CBDCs). Powell informed gathered reporters that the report would publicly address concerns around CBDCs, while also allowing the central bank to set up its own study into them.
Ripple To Help Bhutan Launch Its CBDC
Bhutan’s central bank has revealed that it will be piloting its CBDC using Ripple’s CBDC private ledger. The use of CBDCs and Ripple’s private ledger would greatly improve financial inclusion among the citizens of Bhutan and also help boost the use of cashless payments. The digital version of Bhutan’s Ngultrum will look to increase financial inclusion in Bhutan by around 85%. The use of Ripple’s private CBDC ledger will allow the Bhutanese central bank to access a whole network of CBDC ledgers, allowing interoperability.
House Of Lords To Investigate Implications Of Adopting CBDCs.
The House of Lords in the UK has announced the launch of an Economic Affairs Committee, which will look into the implications of adopting a central bank digital currency in the UK. The committee will listen to feedback from anyone who may be interested in sharing their views on CBDCs. The House of Lords Economic Affairs Committee’s inquiry will complement the inquiries already being conducted into CBDCs by the Bank of England and the HMRC Treasury.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Boba Network, a next-generation Ethereum scaling solution, today announced the mainnet launch of its layer-2 Optimistic Rollup. Developed by OMG Foundation core contributor Enya, and based on the publicly available, open-sourced Optimism codebase, Boba Network aims to deliver a faster, cheaper, more seamless experience for the next billion users of Ethereum.
In addition to its public mainnet launch, OMG Foundation will be releasing its new $BOBA token to support decentralized governance of the network.
Boba’s mainnet launch is only the beginning of the community’s efforts to expand the Ethereum ecosystem by reducing gas fees, improving throughput, and extending the capabilities of decentralized finance and NFT projects through Hybrid Compute.
Boba’s extensible smart contracts enable developers across the Ethereum ecosystem to build decentralized applications that trigger code executed on web-scale infrastructure, making it possible to use algorithms that are either too expensive or impossible to execute on-chain. As this technology matures, Boba’s Hybrid Compute will enable developers to build dApps that make use of the world’s most powerful algorithms, from cutting-edge cryptography to machine learning classifiers.
BOBA Token
In support of the Boba mainnet, OMG Foundation is releasing a new governance token for the platform, $BOBA. $BOBA tokens will be airdropped to existing $OMG token holders who have bridged their $OMG tokens to Boba Network by a snapshot date later next month. FTX, one of the largest crypto exchanges, has already committed to supporting the airdrop, with additional exchanges to follow suit.
This new token will be the basis for voting on the Boba DAO, the next natural step of Boba’s focus on users, the community, and decentralization. $BOBA tokens staked on the network will also receive a portion of the fees earned by the network via an on-chain distribution governed by the community.
“From the beginning, our mission has been to create and grow an inclusive, decentralized ecosystem for developers and end-users. Boba’s mainnet will allow Boba developers to deliver a faster, cheaper, and more delightful experience to the next billion users of Ethereum. We are thrilled by the support of OMG Foundation in creating the new $BOBA token to offer the community the ability to participate in the governance and growth of Boba Network.” – Alan Chiu, Founder and CEO of Enya
Since its beta launch last month, Boba Network has partnered with an array of leading crypto projects, including DODO, Coin98, MEW, Frax, Anyswap, Sake, Band, API3, and Witnet.
Boba has a vision of expanding and democratizing the Ethereum ecosystem, and its L2 is the first step towards bringing that vision to life. Boba and its large, diverse community will focus on creating a great experience for developers and users by offering a native fast exit bridge, NFT bridging between L2 and L1, and leveraging Ethereum for security.
Input Output (IOHK), the blockchain development firm behind the Cardano blockchain, has announced that it is bringing certified dApps on the project, with a matching storefront for the selections.
The new storefront will be called Plutus dAppStore, and will feature similar functionality to how comparable app stores work on other ecosystems such as mobile and web apps. The new dAppStore will also operate with a formal certification program for third-party dApps that are compatible with the Cardano blockchain.
According to IOHK, the storefront will make it easier for the Cardano community to discover and make use of the latest dApps being built natively into the Cardano blockchain. With the Plutus dAppStore, all developers and users will get a more direct and integrated experience on the protocol.
IOHK is timing the launch of this new feature for the Cardano blockchain alongside its upcoming Cardano Summit this year, which begins tomorrow, September 25th up until the 26th. The Plutus dAppStore will be given a community preview and will be showcased during the event.
“Think of the Plutus dAppStore as a 'storefront' for Cardano. The store displays the range of things that you can do on Cardano. A certification program gives users assurance about the behavior of any apps that they use, through automated logic checks, manual smart contract auditing, and formal verification.” shared Shruti Appiah, IOHK's Head of Product.
The dAppStore will not be a closed system, though, unlike other existing app stores on the mainstream web and mobile such as Apple’s App Store, and the Google Play Store, which both have strict proprietary standards. Apple’s restrictions have even led to a case with Epic Games, and an NFT restriction issue with Gnosis Safe Wallet.
According to IOHK, this storefront for Cardano is open to any dApp, but the certification status is something that will be reviewed with stringent security against code-level vulnerabilities, as well as being clearly displayed on the Plutus dAppStore interface. This stands for two reasons, explains Appiah:
“There will be several tiers. At the simplest level, automated logic checks will enable us to detect certain types of malicious code. For example, these will be able to check if the contract does not contain a way for locked up funds to be recovered. In a well composed contract, locked funds need to be retrievable.”
This initiative from Cardano’s development team is aimed at providing a certain degree of assurance to users on its ecosystem, creating a sense of overall integrity for its project.
More details and examples of the new storefront’s implications, especially in the context of the Alonzo hard fork, are to be discussed during the upcoming Cardano Summit over the weekend.
IOHK says that its long-term vision for this initiative is “ to see user-designed tools, the deployment of those tools to the store, and the evolution of the Plutus dAppStore to include new features such as upvoting, reviews, and even Atala PRISM integration” among other important nuances and additions to the growing protocol.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Basic Attention Token (BAT) is the token that powers a blockchain-based digital advertising platform. The platform was designed to give fair rewards to users in return for their attention while offering advertisers higher ad profit.
The project was launched in 2015 by the famous American programmer Brendan Eich, the founder of the Mozilla browser and the JavaScript language. The main idea of Eich is to change the current situation in the online advertising sector. On May 31, 2017, an ICO took place, during which the company managed to attract $35 million in just half an hour. Since that moment the price of the asset has changed dramatically. What will await the coin in the next few years? In this article, you will discover all about the Basic Attention Token price prediction in 2021-2030!
BAT has been steadily rising since the end of July 2021, and many investors now have their eyes on this cryptocurrency. BAT had a price spike in April 2021, when the whole market was on the rise. That’s when the Basic Attention Token price reached its current ATH of $1.65.
Is BAT token a good long-term investment? Well, the answer depends on how you plan to invest in it: for example, are you going to use it as a risky asset in a diversified portfolio? If so, then it can indeed be a good addition. Although price predictions for this token are pretty tame, it does have the potential to spike. We would definitely advise against having it as your only investment, however.
BAT can also be a fairly good short-term investment, especially now that its price is going up.
As always, we have to remind you that it is near impossible to make a 100% accurate long-term price prediction, especially for assets as volatile as cryptocurrencies. Although we can make some educated guesses, they may not be accurate. Because of that, please do your own research before investing in any cryptocurrency. This BAT price prediction article is neither financial nor investment advice.
Basic Attention Token Overview and How Does BAT Work?
BAT is a utility token and is exchanged between advertisers, publishers, and users that operate on its platform. It aims to solve the issues both users and advertisers are facing by making ads lucrative for users to see. This way, users have an incentive to look at ads and advertisers are not as threatened by AdBlock or ad blindness. Publishers and content creators also see an increase in profit as a result.
Users that click on ads in Brave Browser get rewarded BAT tokens for their attention all while maintaining their privacy.
Brave Browser
Brave Browser is the world’s first global private ad platform. It has over 30M active monthly users and 10M daily ones. The browser uses BAT tokens to incentivize users to click on ads.
Brave Browser has anonymous accounting, meaning advertisers can easily see their full statistics and find out the effectiveness of their ads without violating the privacy of their users.
Basic Attention Token Technical Analysis
Unfortunately, we do not provide our users with precise technical analysis. However, we’ve got an aggregated opinion from those who already have done the analytical part on the TradingView website. Check it out.
Most experts are predicting that Basic Attention Token will have steady growth and has the potential to reach a price of up to $5 by 2030. As long as the crypto industry continues to gain popularity and the crypto market continues to grow, BAT has a high chance to reach new heights in the future.
It is interesting to note that the majority of experts are not expecting astronomical rises or falls – just a slow and steady climb upwards. Of course, since this is the crypto industry we’re talking about, crashes and moonings are bound to happen. They are near impossible to predict for the long term, however, so if you’re looking to exploit extreme price movements to make a lot of profit, short-term investment and trading might be a better fit for you.
2021
$0.9
2022
$1.3
2023
$1.6
2025
$2.5
2030
$5
2040
anywhere from $5 to $100
BAT Price Prediction 2021
Although we’re already in the final stretch of 2021, crypto prices may still change dramatically. BAT is in a really good position right now: its price is currently slowly crawling upwards after a major drop in June.
Wallet Investor’s BAT price prediction is that the token will finally be able to re-take $0.90 by the end of December this year, but will otherwise stay in the $0.7-0.8 range this autumn. There are also more optimistic predictions, however: some experts expect it to go up to $1.3 this year.
BAT Price Prediction 2022
Experts are mostly united in their opinion on the price that BAT may reach in 2022 – it is not expected to rise further than $1.5, but also to not go lower than $1.2. We think it is quite possible that this token may drop below $1 in 2022,as the crypto market is extremely unpredictable, and not even industry giants like Ethereum or Bitcoin are safe from the volatility.
However, it is possible that BAT will indeed go up to $1.5 next year.
BAT Price Prediction 2023
There are predictions that BAT price will rise as high as $1.9 in 2023, but we think that a maximum of $1.6 is more realistic.
Basic Attention Token Price Prediction 2025
Most experts expect BAT to go up to $2.8 in 2025. Some are less optimistic, and think that $2.2 will be the max BAT will go. For example, investors over at Crypto Ground predict a peak of $2.68 for BAT in 2025.
Basic Attention Token Price Prediction 2030
Predicting prices so far in the future is very risky, so it is hard to make a reliable BAT price prediction for 2030. If all continues to go well for both the crypto market and BAT, then Basic Attention Token has a chance to rise up to $5.
Basic Attention Token Price Prediction 2040
Making a Basic Attention Token price prediction for 2040 is naturally even harder than for 2030. BAT price may go up to $10, or drop down to $0.001. Only time will tell.
Predicting any digital coin price in the long term is a fruitless task. Because of this, we do not recommend investing in cryptocurrencies other than maybe Bitcoin or Ethereum out of the expectation that they will rise astronomically in 10 or 20 years.
Should You Buy Basic Attention Token?
BAT has good short-term and long-term prospects and has carved a niche for itself in a rather competitive market. Most experts have a bullish outlook on Basic Attention Token. This crypto also has good long-term prospects: BAT offers unique functionality and has attracted a lot of dedicated users. Additionally, it has a fairly large market cap. Basic Attention Token cryptocurrency seems to be a profitable investment.
Before you buy BAT cryptocurrency, consider if it fits into your portfolio. If you are looking for a risky asset to invest in, Basic Attention Token could be a good choice.
How to buy Basic Attention Token?
If you decide to buy Basic Attention Token on Changelly, here is a small guide on how to do it in a couple of steps:
Step 1. Choose the fiat currency you want to deposit. It can be USD, EUR, or your local fiat currency.
Step 2. Choose the fiat provider that offers the best exchange rate and various payment methods (Visa/Mastercard, bank transfer, or Apple Pay).
Step 3. Enter your BAT wallet address, and fill in the info to pass the KYC process.
Step 4. Deposit your fiat currency. Your BAT crypto tokens will appear on your wallet in the following hour.
FAQ
Is Basic Attention Token a good investment?
BAT is a moderately good investment. It doesn’t have much explosion potential, both according to investors and judging by its price history so far, but it can provide good returns in the long run. It also has a relatively high market cap of over 1 billion USD.
BAT token has a very active community behind it and an actually applicable use case. Digital advertising is a market that is only ever going to continue to develop, so a cryptocurrency that is so tightly connected to it has a high chance of doing well in the future.
How high could Basic Attention Token go?
Some very optimistic experts are expecting BAT token to eventually hit $9-10.
How can you get Basic Attention Token?
You can buy BAT tokens on major exchanges like Binance or Changelly, exchange other cryptocurrencies for it, or get very small amounts of it for free by using the Brave Browser.
Can I stake BAT?
BAT is a proof-of-work cryptocurrency so it cannot be staked. However, you can still earn interest on it.
How can you get free BAT?
Download the Brave web Browser and enable Brave Ads for a chance to get some free Basic Attention Tokens. Additionally, users can also get BAT tokens by claiming random token grants that are worth around 25-40 BAT.
When was Basic Attention Token launched?
BAT token was launched in 2017 following an extremely successful ICO.
How much will Basic Attention Token be worth?
Experts are predicting that BAT’s price will go up to $2-3 in the next few years.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
On September 17, 2019, a public beta test was launched for the Hedera Hashgraph network, a distributed registry with a declared throughput of 10,000 transactions per second. The platform also launched its own Hedera Hashgraph cryptocurrency HBAR as well as a service for smart contracts and file storage. Additionally, there are already over three dozen applications already operating on its basis.
What is the Hedera Hashgraph forecast for 2021 and beyond? Will HBAR price go up in 2021? Find out this and more in our Hedera Hashgraph price prediction for 2021-2030.
Hedera Hashgraph Review
Hashgraph, the HBAR blockchain, is a more efficient alternative to blockchain. It is also a distributed registry, but one that uses a different way of writing blocks.
Instead of a clear sequence of blocks (blockchain), the hashgraph uses a Directed Acyclic Graph (DAG), which records information in a non-linear way, without a sequential chain of blocks.
Cryptocurrencies such as IOTA, Byteball and Tangle are already operating on the basis of DAG. Thanks to DAG, the hashgraph promises all the advantages of the blockchain, but without its drawback in the form of low transaction speed.
In its most general form, a hashgraph consensus works as follows:
network participants (nodes) exchange data via the Gossip protocol
transaction information is sent to two random nodes, transmitting them, in turn, to two other
nodes, and so on exponentially, until the number of informed nodes is enough to verify the transaction
nodes exchange only transaction data with each other, and not all information about the network, while information is stored not in blocks, but in hashes – therefore, everything happens much faster than in the blockchain
transactions are recorded in chronological order, so you can track their history.
The hash algorithm was developed and patented in 2016 by the American mathematician Leemon Baird. Algorithm rights are owned by Swirlds, co-founded and developed by Baird.
Swirlds technology was spotted by U.S. banks in October 2017, the National Credit Union Association (CUNA) and Mountain West Credit Union Association (MWCUA), which formed a consortium of 6,000 banks, selected Swirlds to create a common corporate network. Success allowed them to separate the project into a separate platform: Hedera Hashgraph Platform. Swirlds granted Hedera Hashgraph an exclusive license, under which the company will receive 10% of Hedera Hashgraph’s revenue.
Hedera Hashgraph is a public platform of Baird’s patented hashgraph. From March to August 2018, the project was conducted by ICO, raising $ 124 million. Closed testing of the network began in December 2018. The code was checked by several audit companies, but only now the developers have begun public testing.
Hedera Hashgraph currently offers three products: a cryptocurrency, smart contracts, and a file service. Any user can create an account on the network, open an account or create dApps based on Hedera Hashgraph, having passed the KYC test.
The network supports up to 10,000 transactions per second, and its transaction confirmation time is 3-5 seconds. Smart contracts and file services are also available on the Hedera Hashgraph network, but so far their throughput is up to 10 transactions per second, while the declared speeds will gradually increase, and the average transaction fee will be $0.0001.
According to the technical analysis performed by Trading View, based on the 3 most popular technical indicators (Moving Averages, Oscillators and Pivots), the current rating for Hedera Hashgraph is “Buy”, indicating a clear bullish trend. This shows that the current price of HBAR is not its peak and Hedera Hashgraph has a chance to rise in the future.
As always, we have to warn you that you should take all crypto price predictions with a grain of salt. That includes our HBAR price prediction. The crypto market is simply too volatile and the industry too unpredictable for any concrete predictions to be made.
That said, it is still possible to make some estimates as to what each coin or token’s potential could be. How low can they go? How high?
Although everything is possible, we do not think that the Hedera Hashgraph price has a chance to reach $100 in the near future. However, this cryptocurrency still has some good long-term prospects. Its previous price action indicates that HBAR coin is likely to experience some slow but consistent growth over the next few years, and may even go up to as high as $3 – at least if the most optimistic Hedera Hashgraph forecast is to be believed.
Keep in mind that we make general predictions about the average future price a cryptocurrency may reach during a given year. A coin’s price may go up to $100 in May and crash to $1 in July of the same year, and its average price for that year would be $50.
Here are our predictions for the average prices Hedera Hashgraph may reach in the coming years.
2021
$0.37
2022
$0.49
2023
$0.71
2024
$0.89
2025
$1.12
Hedera Hashgraph (HBAR) Price Prediction 2021
2021 is almost over, but we have a feeling it still has some (crypto) surprises left in store for us.
Hedera Hashgraph has been through some ups and downs lately, with its price movements being rather erratic. We think that the volatility is likely to continue till the end of the year, meaning there will be opportunities to both buy in and sell your coins.
At the moment, most Hedera Hashgraph price predictions, like the one from gov.capital, say that HBAR price has the potential to only reach $0.5 in 2021. At the same time, however, Hedera Hashgraph cryptocurrency is also not expected to drop below $0.3, indicating a bullish trend.
Hedera Hashgraph (HBAR) Price Prediction 2022
Experts mostly predict a relatively calm year for HBAR in 2022. Various Hedera Hashgraph price predictions expect the cryptocurrency to hover around the $0.7 mark up until December, when it should experience some moderate growth, rising up to $1.1.
Wallet Investor, however, is far more pessimistic – according to their HBAR price prediction, Hedera Hashgraph price will not be able to break through the $0.7 mark in 2022.
Hedera Hashgraph (HBAR) Price Prediction 2023
According to one Hedera Hashgraph price prediction, HBAR has the potential to go up to $2.5 in 2023. While that is definitely possible, a maximum of $2 would be a more realistic expectation.
At the same time, there is also a possibility that HBAR price can fall to $1, which would create an amazing buying opportunity.
Hedera Hashgraph (HBAR) Price Prediction 2024
Experts are predicting that HBAR price will shoot up in 2024, reaching $3. In fact, there are very few predictions of Hedera Hashgraph price crashing in 2024, but that could be because it’s hard to accurately predict crypto prices that far in the future, and it’s easier to bet on slow and steady growth.
Hedera Hashgraph (HBAR) Forecast 2025 – 2030
As always, it is really hard to make long-term price predictions for a cryptocurrency. When it comes to 2025-2030, instead of making a Hedera Hashgraph price forecast, we should instead examine the long-term health and prospects this cryptocurrency has.
In our opinion, Hedera Hashgraph and HBAR users have nothing to worry about: this cryptocurrency is currently doing very well and has all the things that promise healthy longevity for a cryptocurrency. An innovative dev team, an involved and passionate community, a solid technical foundation, real-world use cases (for example, in the supply chain industry), and so on.
Frequently Asked Questions
Is Hedera Hashgraph a good investment?
If you’re looking for a relatively risky asset that you can rely on to provide steady profit in the long run but that also has the potential for explosive growth, then Hedera Hashgraph can potentially be a good choice for you and profitable investment.
This project has over 3 million daily transactions – an impressive number that shows that there are plenty of people interested in using both the Hedera Hashgraph platform and its cryptocurrency.
Overall, there are many signs pointing towards HBAR being a good investment. However, before you invest in it or any other digital asset, you should do your own research and consider whether it’s a good fit for your portfolio or not. Articles like this one are not intended to be and should not be seen as investment advice.
You can sell and buy Hedera Hashgraph on Changelly. Find a crypto wallet that you can store your new HBAR in here.
Will HBAR go up in 2021?
According to our Hedera Hashgraph price prediction, unless some extreme price movements happen, HBAR price should continue its climb upwards in 2021. The cryptocurrency currently has a strong “buy” sentiment as per Trading View, which means its price still has room to grow.
Please beware that although our Hedera Hashgraph forecast and many other HBAR price predictions are saying that this cryptocurrency will go up in 2021, this may not be the case. Additionally, please note that when we do an HBAR price analysis or prediction, we talk about the general trend we think that the cryptocurrency will follow, not the highest and the lowest price it will reach in a given time period.
The cryptocurrency market is extremely volatile, and if you’re making long-term investments, we advise you to ignore short-term cryptocurrency price movements and instead look at the bigger picture.
Is Hashgraph the future?
Hashgraph is a distributed ledger technology that has been named by many as the successor to blockchains. Despite the benefits it provides, like high transaction speed, it doesn’t seem like Hashgraph has the potential to overtake blockchain technology in the near future. For one, it still hasn’t found widespread popularity despite having been released back in 2017.
A modified and updated version of Hashgraph may find popularity and success in the future, but we think it is not possible for Hashgraph to completely overtake blockchains.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Rumors of insider trading at OpenSea, the industry’s largest NFT marketplace, seem to be true, the company confirmed in a statement earlier today. The crypto community reacted strongly yesterday after it was revealed that a senior exec within the company used insider information to trade NFTs.
And while the company didn’t identify the employee that reportedly profited thousands of ETH on insider trades, the Twitter community quickly found proof that it was OpenSea’s head of product Nate Chastain.
Chastain himself changed his Twitter bio to “Past: @opensea” this morning, adding further fuel to the rumors that he was indeed involved in nefarious behavior and abusing his position of power.
OpenSea exec bought NFTs before they got promoted on the platform’s front page
In a statement published on the OpenSea blog, the company said that an internal review of the incident will be conducted by a third party.
“Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly (…) We are taking this very seriously and are conducting an immediate and thorough third-party review of this incident so that we have a full understanding of the facts and additional steps we need to take.”
Twitter user ZuwuTV first identified OpenSea’s head of product Nate Chastain as the one behind the controversial NFT sales. The user cited publicly available transaction data on Etherescan, saying that Chastain was buying OpenSea’s front page drops before they got listed and then selling them for a huge profit.
He also identified a transaction that returned the profit made on such a sale to Chastain’s main wallet, which had his CryptoPunk profile image on it.
Heres one tx on returning profits to the main 0xa3a45 wallet after flipping the item CURRENTLY on the front pagehttps://t.co/Is6G4xLlIx
Another user took a deeper dive into the wallet, which he also managed to identify through the CryptoPunk profile image that matched Chastain’s Twitter profile.
Chastain seemingly sent around 5 ETH to a secondary wallet, which was then used to buy 4 pieces from the “Dailydust Collection.”
About 8 minutes later, Wallet B buys 4 pieces from the "Dailydust Collection". One in particular for .25 ETH named "Spectrum Of A Ramenfication Theory"https://t.co/EO7bjbSxhUpic.twitter.com/AZacOYpuHi
A piece from the collection called the “Spectrum Of A Ramenification Theory,” was bought for 0.25 ETH, and then sold just 20 minutes later for 1.5 ETH, clocking in a profit of 1.25 ETH. In the 20 minutes since Chastain bought it, the pice got listed on the front page of OpenSea and saw a huge increase in price and desirability.
Screengrab showing the “Spectrum Of A Ramenfication Theory” NFT listed on OpenSea’s front page (Source: Twitter)
After selling the rest of the collection for a profit of 2 ETH, the second wallet sent a 7 ETH transaction back to Chastain’s wallet.
It’s coming up to a week and a half since El Salvador passed the Bitcoin law, making it legal tender in the country.
Throughout the process, sections of the population have voiced their discontent. But reports at the ground level suggest the situation was calming down following the law’s passing.
However, on El Salvador’s independence from Spain (September 15), protesters resumed their campaign, with thousands taking to the streets, calling for a repeal of the law.
In dissecting the situation, some have slated President Bukele for “forcing” Bitcoin on his people. Some have even called him a tyrannical leader with no consideration of the democratic process.
Bitcoin protestors strike again on Independence Day
On the 200th anniversary of El Salvador’s independence, thousands of protestors marched against the Bitcoin law. They accuse President Bukele of abusing his power and demand abolition of the law.
Footage shows protestors marching to government buildings setting off fireworks and waving banners denouncing the law. The messages displayed include “Nayib Bukele corrupted,” and “F*ck Bukule and his Bitcoin.”
The strength of feeling is such that some protestors have even resorted to destroying Bitcoin ATMs by setting them on fire.
Protestors say working people will lose out under these circumstances. They claim Bitcoin’s notorious price volatility problem will take money out of their pockets.
Speaking at the march, one protestor made clear that the people don’t want Bitcoin as legal tender. She added that President Bukele’s disregard for this makes him an authoritarian leader.
“It’s important to say this morning: Enough already! What the government is doing is arrogant, it is authoritarianism.”
Is President Bukele wrecking democracy in El Salvador?
The Economist recently published an article titled “Nayib Bukele is wrecking democracy in El Salvador.” In it, the author claims, despite finding favor with “tech bros,” he is still an “old-fashioned autocrat.”
“This has made him an unlikely hero to some tech bros in Silicon Valley. But look beyond his nerdy puffery and there lies an old-fashioned autocrat.”
The piece goes on to describe events under his leadership that supports this claim. For example, the article alleges President Bukele used armed soldiers to bully opposition lawmakers into voting for a budget amendment for a crime-fighting bill.
There’s also mention of the ousting of senior judges to be replaced by judges sympathetic to his cause.
Regardless of those claims, and despite the ongoing protests, President Bukele remains a popular figure in El Salvador.
A recent survey conducted by Central American University (UCA) revealed locals scored him 7.64 out of 10 for his presidency.
People look to him as the solution to gang violence and corruption that have plagued the country in the past.
The world is becoming increasingly dependent on location data. Self-driving vehicles, unmanned aerial vehicles, and smart cities will still need location data. There is also a need for a decentralized system capable of receiving location data from an array of different location tracking devices.
XYO Network considers itself a solution to this problem. It facilitates location-based credentials using an ecosystem of cryptographic technologies and protocols. In 2018, the XYO coin showed 300 times raise. So what is the future of the project and XYO cryptocurrency itself? The answer is in new XYO price predictions for 2020-2025.
XYO Fundamental Value
The XYO network aims to take advantage of location-based beacons that already exist around the world. XYO Network wants to use this network to decentralize location-oriented services. In other words, you can sell location data online to support various services that rely on location data.
Everything in the world is determined by their XYZT coordinates. Physical objects cannot leave this space. Everything from jewellery to cars can be tracked using XYZT coordinates.
The “T” coordinate refers to time. When people travel along their T coordinate, they interact with each other, creating so-called metadata. For example, two people can have a conversation. The conversation is a record of this interaction.
A conversation is a record of the interaction. In the case of the XYO network, we accept this interaction as a temporary signature between the two parties (two people). The generated metadata is now also a permanent link between two objects. The end result is a decentralized cryptographic location network.
Users can interact with the XYO network in several ways, including through smart contracts. Users can use smart contracts to determine if an object is in a specific XY coordinate. If it is in this coordinate, then the smart contract can perform certain functions based on this information.
One of the proposed use cases is an e-commerce company that offers payment on delivery to certain premium customers. To offer this service, an e-commerce company must use the XYO network to write a smart contract. The network will track the location of the package throughout the supply chain – from the warehouse shelf to the courier-delivery, get to the consumer’s house and each place between them.
This can enable retailers and e-commerce websites to confidently verify that the package has not only appeared on the doorstep of the customer but is also safely located inside the customer’s home.
As soon as the package is safely inside the client’s house, the payment will be released. Thanks to this system, customers can pay for goods only after they receive these goods. And e-commerce services can provide this service without compromising security.
The XYO network emphasizes all of the following features:
Decentralized: Verification does not involve large, paid corporations or institutions. The network runs on a fully transparent and autonomous system. The system is free to use (open source) and has no entry barriers (for fair competition).
Reliable: Power and trust are distributed among the participants in the XYO network. He is not concentrated in any centralized organization.
Identificational: Location data is shared anonymously to protect the privacy and security of members on the network.
Proof of Origin: Proof of origin is the key to validating that the books are on the XYO network. It is based on the concept of Bound Witness. It also uses a transitional keychain to make it impossible to falsify the coordinate chain for data. All oracles are verified using the “Target Amount of Origin”.
Associated Witness: Bound Witness allows you to create Origin chains for use in determining evidence of origin while maintaining a reliable, zero evidence system of knowledge. The network ensures that the nodes are next to each other, verifying that the node has provided accurate location data.
Several participants: There will be several participants on the XYO network, including Sentinels (location witnesses who watch the data and vouch for the accuracy of the data), Diviners (those who answer the asked question, answering historical data stored by archivists), archivists (those who store information about location from Bridges in a decentralized form for providing data) and Bridges (location data transcriptors that reliably relay heuristic registers). All of these members can be considered XYO miners.
XYO tokens are used to stimulate desired online behaviour. They can be considered as the “gas” necessary for interaction with the real world in order to check the XY-coordinates of a particular object.
XYO token all-time high price was fixed during the sale in May 2018, and it was $0.007900. The coin has never crossed the threshold of this value. The price was above average in December 2018. Then the cryptocurrency announced a lot of listings and collaboration. For instance, the coin was supported by Lumi Wallet.
Now the price of one coin is $0.000271. The current market cap is $2,251,894 USD.
XYO (XYO) Price Predictions for 2020-2025
The price of one XYO coin depends on the mass adoption of the currency. If the company signs the partnerships, the price will grow. Now let’s look at the XYO price predictions by several sources.
#1. WalletInvestor XYO Price Prediction for 2020-2025
According to our Forecast System, XYO is a bad long-term (1-year) investment. The price of XYO Network may drop from 0.000214 USD to 0.000010 USD. The change will be -95.424%. According to present data XYO Network (XYO) and potentially its market environment has been in the bearish cycle last 12 months. Since this virtual currency has a negative outlook WI recommends looking for other projects instead to build a portfolio. The estimated price in 2025 is $0.00171.
#2. CoinPredictor XYO Price Forecast for 2020
According to the source, at the beginning of 2020, the XYO price will drop to $0.000001.
#3. DigitalCoinPrice XYO Price Prediction for 2020-2025
XYO (XYO) price will increase. XYO (XYO) is a profitable investment based on forecasting. The price of 1 XYO (XYO) can roughly be up to $0.00042281 USD in 1 year time a 2X nearly from the current XYO price. In 2025, the price of one XYO token will be around $0.00083003.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
About Changelly
Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2015, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.
The following is a guest post by Justin O’Connell from GoldSilverBitcoin.com.
You’re wrong. Elon Musk isn’t joking when it comes to Dogecoin. This misconception is perpetuated on social media, in the mainstream press, and even in Telegram chats. As Billy Bambrough stated (emphasis mine):
A long-time supporter of dogecoin, Musk has this year fully embraced the somewhat satirical cryptocurrency that was created in 2013 as a “joke,” issuing calls for upgrades and promising his rocket company SpaceX will put a “literal dogecoin on the literal moon.“
It’s not only a joke! Elon Musk’s Dogecoin strategy is to become the Dogefather. His Dogecoin tweets are not mere mischief. He tweeted about adopting a Shiba Inu, because he is going to soon be known as earth’s Dogefather, if not the galaxy’s or even the universe’s.
Bitcoin has Satoshi. Ethereum, Vitalik. Dogecoin had nobody. Now it has Elon Musk, who recognized a clear power vacuum in the dogecoin community and began floating himself out there on social media as ‘the dogefather.’
This shouldn’t come as a surprise to you. He has openly stated his master plan to become a dogefather, and your resistance is futile. He has tweeted dozens, if not hundreds, of times about it. Don’t shoot the messenger. Meme for yourself:
“I’m trying to tell you dogecoin is money,” the meme Musk tweeted, reads; a twist on a popular Matrix movie quote that asks whether dogecoin could make someone “a lot of money.”
The billionaire’s affections for dogecoin are no secret to anyone in the cryptocurrency community, and the mainstream public probably has sense of it too by now. He has called Doge “my fav cryptocurrency”, “pretty cool”, “underestimated”, “the people’s crypto”, and “the most fun crypto.” He’s even GIFTING DOGE to his family—sometimes to their chagrin.
Bought some Dogecoin for lil X, so he can be a toddler hodler
As Elon heralded Dogecoin as a potential international internet currency, he criticized Bitcoin, calling it “almost as bs as fiat money”, “ancient crypto”, and “arguably deflationary to a fault.”
This did not win him any fans amongst Bitcoin maximalists or any of crypto’s true believers for that matter. Neither did Tesla’s suspension of Bitcoin payments, which the electric vehicle company did whilst citing environmental concerns. Musk, nonetheless, has held conference calls with Bitcoin miners and seems to remain interested in the world’s first cryptocurrency.
When Dogecoin went to SNL
Musk took his act from Twitter to Saturday Night Live. Dogecoin naturally came up. During the news show parody “Weekend Update”, Musk, who was introduced as a cryptocurrency expert named “Lloyd Ostertag,” explained cryptocurrency. Hosts Michael Che and Colin Jost confusedly and repeatedly asked him, “What is Dogecoin?”
Finally, a light bulb went off in one of the host’s heads. “So it’s a hustle,” Che astutely said after Musk noted that Dogecoin began as a joke, but is still going to the moon.
I am here to tell you that Elon’s precious attention is not on Dogecoin only for fun. His hustle is to become the Dogefather, and he has told you as much, but it went over your head. Object now or forever hold your peace, humans! Musk is making moves. In the episode’s final sketch, Musk quipped about creating a currency based on “whatever I say.”
Voila! And just like that Musk has brilliantly solved one of the most difficult hurdles to starting a cryptocurrency: network effect. The most difficult part about establishing a new token is creating a community that grows and adopts the currency or token for a use other than the network effect. Ask Steve Wozniak, whose WOZX token is no Dogecoin pre-Musk—let alone after—despite Woz’s profile.
Dogecoin’s enthusiastic community has seemingly taken well to the self-anointed leader. Musk has had at least one conference call with the Dogecoin developers, who have not made statements distancing themselves from the billionaire. Let’s assume, then, a good rapport. Therefore, Musk is already our Dogefather.
So, what’s he going to do? It’s obvious. He is going to create a smartDOGE. He is even already talking about it publicly. During the Crypto Council for Innovation’s ₿ Word event, Musk expounded upon ideas that had previously been floated to upgrade Dogecoin via Ethereum to “max transaction rates and lower transaction costs.”
Musk adds:
“There may be some merit in combining something like Ethereum and Dogecoin.”
What must be forthcoming is a Musk-led Ethereum-inspired Dogecoin: smartDOGE. “Bitcoin by itself simply cannot scale to become the monetary system for the world at base layer,” Musk said. Bitcoin won’t become peer-to-peer cash without the help of a second layer network, he reasoned.
“There’s some merit in considering something that has higher max transaction rate and lower transaction cost and seeing how far you can take a single-layer network with exchanges acting as a de facto second layer,” Musk said. “I think you could take that further than people realize and as bandwidth increases over time latency decreases.”
I can almost imagine Elon mouthing the words to himself while he sets up a Dogecoin rig with his children: “World, I am your Dogefather.”
I just set up some little Doge mining rigs with my kids. It was fun.
If you have trouble setting up or renting the miners or mining devices, the best cloud mining services in 2021 can solve your problem. In the early days of bitcoin, […]
The emergence of modern cyber threats directly related to the cryptocurrency sphere is a logical result of the growing popularity and rapid boost in virtual money prices. The information security industry is also improving, enabling users to prevent malware from infiltrating devices effectively.
There are high-quality tools for protecting and checking computers in order to quickly detect viral algorithms, including programs for hidden mining. We will talk about cryptojacking and its types and explain how to prevent cryptojacking while being on a decentralized land.
How Do People Use Cryptocurrencies?
In order to start using digital money, you have to buy it first. One of the most common ways to buy Bitcoin or Ethereum and other cryptos is using a cryptocurrency exchange like Changelly.
There are a wide variety of ways to use cryptocurrency. The facts listed below indicate that cryptocurrencies have truly become a breakthrough in finance and computing.
Conceived as a peer-to-peer e-money system, Bitcoin evolved in line with this idea for the first five years.
Before gaining popularity, Bitcoin was used in the shadow markets (Silk Road) and on gambling sites such as Satoshi Dice. Even then, it was accepted as a means of payment for various goods – from pizza to mining equipment – by tech-savvy sellers and early adopters of cryptocurrencies.
However, along with the growing popularity of Bitcoin, transaction fees began to rise, forcing many sellers to abandon cryptocurrency as a payment method. Back then, Bitcoin started to be positioned as a store of value, not a medium of exchange. Since it became unprofitable to use Bitcoin for small payments, its function practically passed to Bitcoin Cash, a cryptocurrency that appeared due to the Bitcoin fork in mid-2017. Since then, the BCH network has been used to make fast and inexpensive payments, with thousands of stores already accepting this cryptocurrency.
During the Initial Coin Offerings (ICO) boom in 2017, the number of cryptocurrency projects grew by leaps and bounds, with each of them creating their own altcoin. Most of these tokens were unable to survive due to low liquidity and failed. Some projects became outright scams, and after the ICO, the owners of the projects ran away with the money.
No one expects accounts and assets to be frozen, but in fact, such things can happen, especially in countries with insufficiently strong legal systems. If a person has made powerful enemies, he is accused of violating financial regulations, and the account is blocked. In this case, cryptocurrencies like Bitcoin save the day. It is censorship-resistant and acts as a way of saving money that only the person holding the private key of the wallet has access to.
Many stock and securities traders have switched to the cryptocurrency market. The high volatility of the digital currency market allows traders to actively trade short and make large profits. If you haven’t tried your hand at trading yet, start with Changelly PRO. A user-friendly interface will not scare you away from incomprehensible charts but make your experience smooth and pleasant.
Moreover, cryptocurrencies can be collected. Non-fungible tokens (NFT) are unique digital assets. These are usually various collectibles used in computer games. Token holders trade or exchange with other community members or simply own a collectible.
NFT tokens cannot be called completely decentralized, because their value is determined by a central authority (for example, as in Cryptokitties) that controls the virtual world of the token. Collectible tokens represent an ever-increasing share of the crypto space. In the future, NFTs will be used in e-sports and virtual reality.
There are more ways to use and spend cryptocurrencies in the modern world. However, we are here to learn more about a malicious way of obtaining cryptocurrency – cryptojacking.
What Is Cryptojacking?
Cryptojacking is a type of malicious intervention into one’s computer or mobile device in order to use its computer processing power for cryptocurrency mining.
Using different fraudulent methods of intervention, bad actors implement malware and programs tailored to steal a computer’s CPU. Such ‘dangerous’ lines of code are hard to discover so unsuspected victims cannot understand why their computers are overheated, and the response time takes ages. While a computer is working hard during your daily digital routine, hackers make your PC solve difficult mathematical problems to add new blocks in a blockchain and get a reward.
Cryptojacking is rapidly gaining momentum as the crypto industry is moving towards mass adoption. There are multiple ways to ‘catch’ a virus and get hacked and this is where we kindly remind you to stay safe. All the necessary precautions will be provided below.
How Does Cryptojacking Work?
The digital space evolves and so do hackers. Web-users became more educated in terms of cybersecurity than they were, say, ten years ago.
Yet, cryptojackers are quite ingenious and able to infect your device without you even noticing.
The way cryptojacking works is quite plain: a user clicks a link that uploads lines of infected code. The code is activated automatically to literally suck computer resources for hacker’s demands or, in the case of cryptojackers, mining needs.
Cryptojacking via Websites and Emails
The most well-spread method of cryptojacking is Internet advertisements and banners. You are probably familiar with conventional clickable web ads that promise a rich piece of something right now. You are also aware that these are dangerous and might infect your device with rampant malware. However, cryptojackers are smart enough to enslave your computer smoothly and invisibly.
The ‘bad’ scrypt is often incorporated into, for example, a website’s WordPress plugin or ads reflected on this website. The owner of a website might not know about the issue, but the code will be spread among users. It hurts both clients and the website’s reputation but enriches cryptojackers.
Besides ads, hackers might send emails on behalf of trustable services and companies. The email will probably look unsuspicious and legitimate and contain an attachment or a link that leads to a weird website. Once activated, the link will upload insidious lines of code to a computer. You won’t even notice that something is wrong, but your computer will ‘mine’ cryptocurrency in the background, leaving you with lower computer productivity and higher electricity costs.
Cloud Cryptojacking
Cloud services are quite convenient when we talk about data storage. However, it is also a perfect target for cryptojackers. They search through a user’s data or files of a particular organization to find breaches and API keys for quick access to cloud servers. Once done, hackers use cloud resources to mine cryptocurrency. A user or an organization, in their turn, wonders why the cloud account bills have increased drastically.
The Latest Cryptojacking (Malicious Crypto Mining) News
The most infamous cryptojacking attack occurred to the largest cryptocurrency miner, Coinhive, in 2018. The service promoted so-called browser mining and allowed websites to get revenue by using the Coinhive script. Websites would no longer place annoying ads but earn extra income. However, cybercriminals modified Conhive scrypt so that it could mine cryptocurrency (Monero) via users’ browsers in the background. This situation led to the closure of Coinhive service in 2019, yet there are still many victims.
According to a leading crypto media outlet, Cointelegraph, Singaporian devices have experienced almost 12,000 attempts of cryptojacking attacks since the beginning of the year.
In October 2020, Unit 42 specialists discovered a new version of the Black-T malware created by the TeamTnT hacker group and engaged in hidden mining of the Monero cryptocurrency.
In addition to cryptojacking, malware can steal user data, including passwords and bank account information.
Black-T reads unencrypted passwords of Windows OS users using the Mimikatz tool. This allows attackers to interfere with the computer even when the user is active.
The malware can also disable other hidden miners if they are already present on the device. It automatically attacks their files and installs its own cryptojacking software.
Researchers at Unit 42 believe that hackers will continue to expand the capabilities of the malware, especially to identify vulnerabilities in various cloud systems.
In January 2021, the cybersecurity experts at SentinelOne announced that some macOS computers have long been used by fraudsters for hidden cryptocurrency mining. OSAMiner has managed to evade detection for 5 years!
Malicious software appeared on the network no later than 2015. It was distributed through bootleg games and other programs, including League of Legends and Microsoft Office for Mac. OSAMiner primarily targets China and the Asia-Pacific region.
Also, experts from the PRC could not get the full OSAMiner code for study since it extracts it at different stages using AppleScript files nested inside each other, intended only for execution.
How to Detect Cryptojacking on Your Computer or Mobile Device
So, how can you find out if there are cryptojacking scripts on your device? Well, thankfully, it’s not that hard.
Cryptojacking code consumes a lot of computing power. Although that’s bad news for the victim’s computer, it at least makes it relatively easy to detect.
Monitor Performance
As we have just mentioned, cryptojacking consumes a whole lot of computing power. Because of that, one of the easiest ways to detect if your device loads cryptomining code every time you turn it on is monitoring performance.
Use in-built software like the Performance Monitor for Windows or the Activity Monitor on Mac to monitor your CPU usage – cryptojacking code can steal CPU processing resources.
Abnormal overheating is another sign that can mean there’s cryptomining code on your PC or mobile phone.
If your computer or phone alerts you that its performance has been slow lately, or you notice it yourself, there’s a possibility that there is cryptomining code on your device.
Scan For Malware
Use reliable antivirus software to scan your device for malware if you notice something seems to be off about your computer’s or mobile phone’s performance.
How to Prevent Cryptojacking
Once you detect that there’s cryptojacking going on on your device, it won’t be that hard to get rid of the cryptomining code and terminate the mining process. In case of an in-browser JavaScript attack, just close the tab that is running the script. If one of your extensions is the issue, update them all and purge unneeded ones.
However, no matter whether you have experienced a cryptojacking attack in the past or not, the most important thing you can do is prevent it from ever happening again in the future. Although it is impossible to fully safeguard yourself against it, there are some steps you can take to minimize the chance of being a cryptojacking victim.
Antivirus Software
Installing reliable antivirus software is something everyone should do regardless of whether it’s cryptojacking they want to protect themselves against or not. Malware, just like biological viruses, only ever keeps on evolving and adapting to our defences, so you should make sure to get software that gets updated regularly and accounts for the latest cryptojacking trends.
Browser Extensions Designed to Block Cryptojacking
Most cryptojacking scripts are hidden on websites, so one of the best ways to protect yourself against them is using browser extensions that can either detect them or block such scripts completely.
You should also make sure that all extensions in all your web browsers are updated to the latest version and that you are not running any weird or suspicious extensions that you do not need.
Ad Blockers
In-browser cryptojacking scripts are often delivered through web ads, so getting an Ad Blocker can help to protect your device from crytomining code.
Disable JavaScript
Disabling JavaScript is one of the best things you can do to protect yourself against cryptojacking. However, it will also disable various features on the websites that you may visit. Because of this, disabling JavaScript is an extreme measure that you should take only if you’re really worried about becoming a victim of cryptojacking or if you visit a lot of suspicious websites.
How Prevalent Is Cryptojacking?
According to a cybersecurity company Aqua Security, 95% of attacks on compromised cloud servers are aimed at the hidden mining of cryptocurrencies.
There are three reasons why cryptojacking is common:
it does not require elevated permissions, is platform-independent, and rarely runs antivirus software.
The code is often small enough to be discreetly inserted into open source libraries and dependencies that other platforms rely on.
It can also be configured to tunnel depending on the device, and it can also use flavors of encrypted DNS to keep it quiet.
Cryptojacking can also be built for almost any context and in any language like JavaScript, Go, Ruby, Shell, Python, PowerShell, etc.
Final Thoughts
Anyone can be affected by a cryptojacking attack. However, security measures taken on time might protect you from malware intervention. If you notice any abnormal activity within your device, it is a red alert for you to act fast.
Changelly takes strong security precautions in order to provide you with instant and secure crypto swaps and purchases. Get access to over 200 digital assets and exchange crypto at the best rates. Buy cryptocurrency with your credit card (Visa, Mastercard), bank transfer, or Apple Pay. Stay safe.
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If you have trouble setting up or renting the miners or mining devices, the best cloud mining services in 2021 can solve your problem. In the early days of bitcoin, […]
