(https://twitter.com/decentrader/status/1563274183198404608) in part of a summary of the current scenario.DXY wakes up last minute on Fed cuesAs stocks tumbled, meanwhile, the familiar face of the U.S. dollar came back to haunt crypto markets.Related: CME Bitcoin futures see record discount amid 'very bearish sentiment' (https://cointelegraph.com/news/cme-bitcoin-futures-see-record-discount-amid-very-bearish-sentiment)The U.S. dollar index (DXY), initially seeing heavy downside, rebounded to levels which again put it within striking range of twenty-year highs.At the end of Aug. 26, DXY stood around just under 108.9, up from lows of 107.6 within a matter of hours.
TA- Binance Coin (BNB) Loses $300 Key Support, Are Bears Taking Over?
https://www.newsbtc.com/analysis/ta-binance-coin-bnb-loses-300-key-support-are-bears-taking-over/
Binance Coin (BNB) has shown significant strength in recent weeks against Tether as it has maintained its bullish sentiment. Despite the market retracement, Binance Coin (BNB) has shown great strength but has lost its key support at $300.(Data from Binance) Related Reading: Axie Infinity Unveils Season 0 With High Expectations – Will It Pull AXS Up? Binance Coin (BNB) Price Analysis On The Weekly Chart According to the chart, the price of BNB saw its weekly low at $220; the price of BNB quickly rebounded from that region to a weekly low of $330 as the price is unable to show much strength to trend higher after being rejected from $337 acting as weekly resistance. The weekly candle for BNB closed with a bearish sentiment, and the new week’s candle appears to be even more bearish. The price action has remained weak; if the price of BNB on the weekly chart maintains this structure, it could retest its weekly support of $250. For the price of BNB to trend higher, it must reclaim the bullish trendline that serves as support, and a close above $300 would be favorable to bulls. Weekly resistance for the price of BNB – $337. Weekly support for the price of BNB – $250. Price Analysis Of BNB On The Daily (1D) Chart The price of BNB has found itself holding above the trendline support, preventing the price from falling; however, bears were able to break the trendline support to a region of $283. BNB’s price has been trading below the trendline, which is acting as a resistance to the price of BNB. For the price of BNB to have a chance of trending higher, it must reclaim the $300-$320 range. If the price of BNB fails to reclaim $300-$320, the support at $250 would be a good area for bulls to build strength and keep the price sell-off from continuing. BNB is currently trading at $283, just below the 50 and 200 EMAs, which correspond to prices of $290 and $280, respectively. On the daily chart, the Relative Strength Index (RSI) for the price of BNB is above 40, indicating sell orders. Daily (1D) resistance for BNB price – $290, $320. Daily (1D) support for BNB price – $250. Price Analysis Of BNB On The Four-Hourly (4H) Chart The price of BNB has remained strong after being rejected at $290, acting as resistance. The BNB price is trading just below the 50 and 200 EMA levels, which correspond to $295 and act as resistance to the BNB price. BNB is holding well above the $275 region, which is acting as support; if the price remains above its current support, it will prevent the price from falling to the $250 region. Bulls would be relieved if the BNB price reclaimed the $300 level. Four-Hourly (4H) resistance for BNB price – $290. Four-Hourly (4H) support for BNB price – $275-$250. Related Reading: Avalanche (AVAX) Tries Comeback, Unfazed By $2-B Market Cap Loss In Last 2 Weeks Featured Image From Currency, Charts From TradingView.com
https://www.newsbtc.com/analysis/ta-binance-coin-bnb-loses-300-key-support-are-bears-taking-over/
Binance Coin (BNB) has shown significant strength in recent weeks against Tether as it has maintained its bullish sentiment. Despite the market retracement, Binance Coin (BNB) has shown great strength but has lost its key support at $300.(Data from Binance) Related Reading: Axie Infinity Unveils Season 0 With High Expectations – Will It Pull AXS Up? Binance Coin (BNB) Price Analysis On The Weekly Chart According to the chart, the price of BNB saw its weekly low at $220; the price of BNB quickly rebounded from that region to a weekly low of $330 as the price is unable to show much strength to trend higher after being rejected from $337 acting as weekly resistance. The weekly candle for BNB closed with a bearish sentiment, and the new week’s candle appears to be even more bearish. The price action has remained weak; if the price of BNB on the weekly chart maintains this structure, it could retest its weekly support of $250. For the price of BNB to trend higher, it must reclaim the bullish trendline that serves as support, and a close above $300 would be favorable to bulls. Weekly resistance for the price of BNB – $337. Weekly support for the price of BNB – $250. Price Analysis Of BNB On The Daily (1D) Chart The price of BNB has found itself holding above the trendline support, preventing the price from falling; however, bears were able to break the trendline support to a region of $283. BNB’s price has been trading below the trendline, which is acting as a resistance to the price of BNB. For the price of BNB to have a chance of trending higher, it must reclaim the $300-$320 range. If the price of BNB fails to reclaim $300-$320, the support at $250 would be a good area for bulls to build strength and keep the price sell-off from continuing. BNB is currently trading at $283, just below the 50 and 200 EMAs, which correspond to prices of $290 and $280, respectively. On the daily chart, the Relative Strength Index (RSI) for the price of BNB is above 40, indicating sell orders. Daily (1D) resistance for BNB price – $290, $320. Daily (1D) support for BNB price – $250. Price Analysis Of BNB On The Four-Hourly (4H) Chart The price of BNB has remained strong after being rejected at $290, acting as resistance. The BNB price is trading just below the 50 and 200 EMA levels, which correspond to $295 and act as resistance to the BNB price. BNB is holding well above the $275 region, which is acting as support; if the price remains above its current support, it will prevent the price from falling to the $250 region. Bulls would be relieved if the BNB price reclaimed the $300 level. Four-Hourly (4H) resistance for BNB price – $290. Four-Hourly (4H) support for BNB price – $275-$250. Related Reading: Avalanche (AVAX) Tries Comeback, Unfazed By $2-B Market Cap Loss In Last 2 Weeks Featured Image From Currency, Charts From TradingView.com
Biggest Movers: DOGE, AVAX Fall to 1-Month Lows on Saturday
https://news.bitcoin.com/biggest-movers-doge-avax-fall-to-1-month-lows-on-saturday/
https://news.bitcoin.com/biggest-movers-doge-avax-fall-to-1-month-lows-on-saturday/
Dogecoin fell to a one-month low to start the weekend, as a red wave swept through cryptocurrency markets. Avalanche also dropped to a four-week low on Saturday, as the token hit a key support point. As of writing, the global crypto market cap is trading 5.46% lower. Dogecoin (DOGE) Dogecoin (DOGE) was a notable mover […]
While the Merge Led the Bear Market Rise, Hype Has Been Erased and Ethereum Now Leads the Slide
https://news.bitcoin.com/while-the-merge-led-the-bear-market-rise-hype-has-been-erased-and-ethereum-now-leads-the-slide/
https://news.bitcoin.com/while-the-merge-led-the-bear-market-rise-hype-has-been-erased-and-ethereum-now-leads-the-slide/
With just over two weeks left until The Merge, ethereum’s value against the U.S. dollar has lost all the gains the crypto asset recorded leading up to the hardened date. In mid-August, ether managed to climb above the $2K zone but since then, the second largest cryptocurrency by market cap lost 23% over the past […]
Blockchain audits: The steps to ensure a network is secure
https://cointelegraph.com/news/blockchain-audits-the-steps-to-ensure-a-network-is-secure
https://cointelegraph.com/news/blockchain-audits-the-steps-to-ensure-a-network-is-secure
In order for blockchain firms to truly validate their internal security protocols, they need to be audited thoroughly. Here’s a brief rundown of how the process goes.
The last few years have seen blockchain platforms becoming the centerpiece of many tech conversations across the globe. This is because the technology not only lies at the heart of almost all cryptocurrencies in existence today but also supports a range of independent applications. In this regard, it should be noted that the use of blockchain has permeated into a host of novel sectors, including banking, finance, supply chain management, healthcare and gaming, among many others. As a result of this growing popularity, discussions pertaining to blockchain audits have increased considerably, and rightly so. While blockchains allow for decentralized peer-to-peer transactions between individuals and companies, they are not immune to issues of hacking and third-party infiltration.Just a few months ago, miscreants were able to breach gaming-focused blockchain platform (https://cointelegraph.com/news/battle-hardened-ronin-bridge-reopens-following-600m-hack-finance-redefined) the Ronin Network, eventually making their way with over $600 million. Similarly, late last year, blockchain-based platform Poly Network fell victim to a hacking ploy (https://cointelegraph.com/news/hackers-stole-at-least-600m-in-poly-exploit-across-three-chains) that resulted in the ecosystem losing over $600 million worth of user assets.There are several common security issues associated with current blockchain networks.Blockchain’s existing security conundrumEven though blockchain tech is known for its high level of security and privacy, there have been quite a few cases where networks have contained loopholes and vulnerabilities related to insecure integrations and interactions with third-party applications and servers. Similarly, certain blockchains have also been found to suffer from functional issues, including vulnerabilities in their native smart contracts. To this point, sometimes smart contracts — pieces of self-executing code that run automatically when certain predefined conditions are satisfied — feature certain mistakes that make the platform vulnerable to hackers.Recent: Bitcoin and the banking system: Slammed doors and legacy flaws (https://cointelegraph.com/news/bitcoin-and-the-banking-system-slammed-doors-and-legacy-flaws)Lastly, some platforms have applications running on them that haven’t undergone the necessary security assessments, making them potential points of failure that can compromise the security of the entire network at a later stage. Despite these glaring issues, many blockchain systems have yet to undergo a major security check or independent security audit. How are blockchain security audits conducted?Even though several automated audit protocols have emerged in the market in recent years, they are nowhere as efficient as security experts manually using the tools at their disposal in order to conduct a detailed audit of a blockchain network. Blockchain code audits run in a highly systematic fashion, such that each and every line of code contained in the system’s smart contracts can be duly verified and tested using a static code analysis program. Listed below are the key steps associated with the blockchain audit process.Establish the goal of the auditThere’s nothing worse than an ill-advised blockchain security audit since it can not only lead to a lot of confusion regarding the project’s inner workings but also be time and resource exhaustive. Therefore, to avoid being stuck with a lack of clear direction, it is best if companies clearly outline what they may be looking to achieve through their audit.As the name quite clearly implies, a security audit is meant to identify the key risks potentially affecting a system, network or tech stack. During this step of the process, developers usually narrow down their goals as to specificy which area
The last few years have seen blockchain platforms becoming the centerpiece of many tech conversations across the globe. This is because the technology not only lies at the heart of almost all cryptocurrencies in existence today but also supports a range of independent applications. In this regard, it should be noted that the use of blockchain has permeated into a host of novel sectors, including banking, finance, supply chain management, healthcare and gaming, among many others. As a result of this growing popularity, discussions pertaining to blockchain audits have increased considerably, and rightly so. While blockchains allow for decentralized peer-to-peer transactions between individuals and companies, they are not immune to issues of hacking and third-party infiltration.Just a few months ago, miscreants were able to breach gaming-focused blockchain platform (https://cointelegraph.com/news/battle-hardened-ronin-bridge-reopens-following-600m-hack-finance-redefined) the Ronin Network, eventually making their way with over $600 million. Similarly, late last year, blockchain-based platform Poly Network fell victim to a hacking ploy (https://cointelegraph.com/news/hackers-stole-at-least-600m-in-poly-exploit-across-three-chains) that resulted in the ecosystem losing over $600 million worth of user assets.There are several common security issues associated with current blockchain networks.Blockchain’s existing security conundrumEven though blockchain tech is known for its high level of security and privacy, there have been quite a few cases where networks have contained loopholes and vulnerabilities related to insecure integrations and interactions with third-party applications and servers. Similarly, certain blockchains have also been found to suffer from functional issues, including vulnerabilities in their native smart contracts. To this point, sometimes smart contracts — pieces of self-executing code that run automatically when certain predefined conditions are satisfied — feature certain mistakes that make the platform vulnerable to hackers.Recent: Bitcoin and the banking system: Slammed doors and legacy flaws (https://cointelegraph.com/news/bitcoin-and-the-banking-system-slammed-doors-and-legacy-flaws)Lastly, some platforms have applications running on them that haven’t undergone the necessary security assessments, making them potential points of failure that can compromise the security of the entire network at a later stage. Despite these glaring issues, many blockchain systems have yet to undergo a major security check or independent security audit. How are blockchain security audits conducted?Even though several automated audit protocols have emerged in the market in recent years, they are nowhere as efficient as security experts manually using the tools at their disposal in order to conduct a detailed audit of a blockchain network. Blockchain code audits run in a highly systematic fashion, such that each and every line of code contained in the system’s smart contracts can be duly verified and tested using a static code analysis program. Listed below are the key steps associated with the blockchain audit process.Establish the goal of the auditThere’s nothing worse than an ill-advised blockchain security audit since it can not only lead to a lot of confusion regarding the project’s inner workings but also be time and resource exhaustive. Therefore, to avoid being stuck with a lack of clear direction, it is best if companies clearly outline what they may be looking to achieve through their audit.As the name quite clearly implies, a security audit is meant to identify the key risks potentially affecting a system, network or tech stack. During this step of the process, developers usually narrow down their goals as to specificy which area
of their platform they would like to assess with the most amount of stringency. Not only that, it is best for the auditor as well as the company in question to outline a clear plan of action that needs to be followed during the entirety of the operation. This can help prevent the security assessment from going astray and the best possible outcome emerging from the process.Identify the key components of the blockchain ecosystemOnce the core objectives of the audit have been set in stone, the next step is usually to identify the key components of the blockchain as well as its various data flow channels. During this phase, audit teams thoroughly analyze the platform’s native tech architecture and its associated use cases. When partaking in any smart contract analysis, auditors first analyze the system’s current source code version so as to ensure a high degree of transparency during the latter stages of the audit trail. This step also allows analysts to distinguish between the different versions of code that have already been audited as compared to any new changes that may have been made to it since the commencement of the process. Isolate key issuesIt is no secret that blockchain networks consist of nodes and application programming interfaces (APIs) connected to one another using private and public networks. Since these entities are responsible for carrying out data relays and other core transactions within the network, auditors tend to study them in great detail, carrying out a variety of tests to ensure that there are no digital leaks present anywhere in their respective frameworks. Threat modelingOne of the most important aspects of a thorough blockchain security assessment is threat modeling. In its most basic sense, threat modeling allows for potential problems — such as data spoofing and data tampering — to be unearthed more easily and precisely. It can also help in the isolation of any potential denial-of-service attacks while also exposing any chances of data manipulation that may exist.Resolve of the issues in questionOnce a thorough breakdown of all the potential threats related to a particular blockchain network has been completed, the auditors usually employ certain white hat (a la ethical) hacking techniques to exploit the exposed vulnerabilities. This is done in order to assess their severity and potential long-term impacts on the system. Lastly, the auditors suggest remediation measures that can be employed by developers to better secure their systems from any potential threats.Blockchain audits are a must in today’s economic climateAs mentioned previously, most blockchain audits start by analyzing the platform’s basic architecture so as to identify and eliminate probable security breaches from the initial design itself. Following this, a review of the technology in play and its governance framework is carried out. Lastly, the auditors seek to identify issues related to smart contacts and apps and study the blockchain’s associated APIs and SDKs. Once all of these steps are concluded, a security rating is handed out to the company, signaling its market readiness.Recent: How blockchain technology is changing the way people invest (https://cointelegraph.com/news/how-blockchain-technology-is-changing-the-way-people-invest)Blockchain security audits are of great importance to any project since it helps identify and weed out any security loopholes and unpatched vulnerabilities that may come to haunt the project at a later stage in its lifecycle.
What is a seed phrase and why is it important?
https://cointelegraph.com/explained/what-is-a-seed-phrase-and-why-is-it-important
https://cointelegraph.com/explained/what-is-a-seed-phrase-and-why-is-it-important
It’s crucial to remember your seed phrase, which is a string of random words produced by your cryptocurrency wallet when you initially set it up.
How to keep your seed phrase safeA crypto seed phrase in the wrong hands can do damage, so it is advisable to always ensure it is safe. The following are some tips for ensuring your seed phrase is secure.Never share your seed with anyone else: It’s extremely important that you never reveal your recovery phrase to anyone. Why? Because if someone else finds out your recovery phrase, they will be able to access — and therefore control — your crypto funds.Make a note of it on paper and keep it in a secure location: This is the most old-fashioned way of storing your recovery phrase, but it’s still a perfectly valid option. You can either write it down by hand or print it out — just make sure that you keep it in a safe place where only you can access it. A fireproof and waterproof safe would be ideal.Storing inside a Password Manager: A password manager is an encrypted digital vault that can store sensitive information like usernames, passwords, and recovery phrases. This way, you only have to remember one password (the password to your password manager) instead of dozens or hundreds of different ones. Some examples of password managers include Onepassword and Lastpass. Storing your recovery phrase in a password manager has several advantages, one of which is added security. Adding a secondary password — also known as a passphrase — users can create an even stronger and more secure backup.If you want to be extra safe, store your recovery phrase in multiple locations. That way, even if one backup gets destroyed, you’ll still have another one intact.Purchase a licence (https://app.sharpshark.io/certificate/2428052184842186754120860644123345247864897144267839675679) for this article. Powered by SharpShark.What happens if you lose a seed phrase?Losing a seed phrase is really the worst-case scenario for a cryptocurrency owner. One cannot recover a wallet seed in case they lost or forgot it. Giving your seed phrase to someone or entering it on a website has no practical benefit as it may lead to losing your cryptocurrency assets. Additionally, avoiding writing a recovery phrase on a refrigerator (https://cointelegraph.com/news/the-worst-places-to-keep-your-crypto-wallet-seed-phrase) may help you protect against theft. The best way of ensuring you don’t lose your seed phrase is by noting it down and keeping it safe. In addition, keep your seed phrase somewhere it cannot be destroyed by any element. But, can someone guess a seed phrase?The seed phrase is generated randomly; not even the cryptocurrency user knows what word combination will be used to generate the seed phrase. Due to a seed phrase’s random characteristic, it is hard to guess a seed phrase. Something else that makes it challenging to know a seed phrase is that it consists of 12 to 24 words leaving no chances of getting all the words right.Can a seed phrase be hacked?In the crypto world, losing cryptocurrency is a nightmare for all cryptocurrency owners. Losing your seed phrase to an attacker means you can’t recover your crypto funds. Being in a digital world, crypto heists (https://cointelegraph.com/explained/the-biggest-crypto-heists-of-all-time) are tirelessly working to reap what they didn’t plant. The worst part you would want a hacker venturing into is your cryptocurrency wallet. As seen earlier, a seed phrase is a master key to accessing a cryptocurrency wallet, which means that in the wrong hands, damage is inevitable.However, by having a large number of words in a seed phrase, it is hard to hack it. In order to access a seed phrase, phishing is the main method used (https://cointelegraph.com/blockchain-for-beginners/what-is-a-phishing-attack-in-crypto-and-how-to-prevent-it). One way scammers try to get a seed phrase is by sending emails pretending to be customer support and request
How to keep your seed phrase safeA crypto seed phrase in the wrong hands can do damage, so it is advisable to always ensure it is safe. The following are some tips for ensuring your seed phrase is secure.Never share your seed with anyone else: It’s extremely important that you never reveal your recovery phrase to anyone. Why? Because if someone else finds out your recovery phrase, they will be able to access — and therefore control — your crypto funds.Make a note of it on paper and keep it in a secure location: This is the most old-fashioned way of storing your recovery phrase, but it’s still a perfectly valid option. You can either write it down by hand or print it out — just make sure that you keep it in a safe place where only you can access it. A fireproof and waterproof safe would be ideal.Storing inside a Password Manager: A password manager is an encrypted digital vault that can store sensitive information like usernames, passwords, and recovery phrases. This way, you only have to remember one password (the password to your password manager) instead of dozens or hundreds of different ones. Some examples of password managers include Onepassword and Lastpass. Storing your recovery phrase in a password manager has several advantages, one of which is added security. Adding a secondary password — also known as a passphrase — users can create an even stronger and more secure backup.If you want to be extra safe, store your recovery phrase in multiple locations. That way, even if one backup gets destroyed, you’ll still have another one intact.Purchase a licence (https://app.sharpshark.io/certificate/2428052184842186754120860644123345247864897144267839675679) for this article. Powered by SharpShark.What happens if you lose a seed phrase?Losing a seed phrase is really the worst-case scenario for a cryptocurrency owner. One cannot recover a wallet seed in case they lost or forgot it. Giving your seed phrase to someone or entering it on a website has no practical benefit as it may lead to losing your cryptocurrency assets. Additionally, avoiding writing a recovery phrase on a refrigerator (https://cointelegraph.com/news/the-worst-places-to-keep-your-crypto-wallet-seed-phrase) may help you protect against theft. The best way of ensuring you don’t lose your seed phrase is by noting it down and keeping it safe. In addition, keep your seed phrase somewhere it cannot be destroyed by any element. But, can someone guess a seed phrase?The seed phrase is generated randomly; not even the cryptocurrency user knows what word combination will be used to generate the seed phrase. Due to a seed phrase’s random characteristic, it is hard to guess a seed phrase. Something else that makes it challenging to know a seed phrase is that it consists of 12 to 24 words leaving no chances of getting all the words right.Can a seed phrase be hacked?In the crypto world, losing cryptocurrency is a nightmare for all cryptocurrency owners. Losing your seed phrase to an attacker means you can’t recover your crypto funds. Being in a digital world, crypto heists (https://cointelegraph.com/explained/the-biggest-crypto-heists-of-all-time) are tirelessly working to reap what they didn’t plant. The worst part you would want a hacker venturing into is your cryptocurrency wallet. As seen earlier, a seed phrase is a master key to accessing a cryptocurrency wallet, which means that in the wrong hands, damage is inevitable.However, by having a large number of words in a seed phrase, it is hard to hack it. In order to access a seed phrase, phishing is the main method used (https://cointelegraph.com/blockchain-for-beginners/what-is-a-phishing-attack-in-crypto-and-how-to-prevent-it). One way scammers try to get a seed phrase is by sending emails pretending to be customer support and request
for a seed phrase or private key. Once the seed phrase lands in their hands, they can access a crypto wallet and steal everything in it. It is always advisable to keep your seed phrase private and never share it with anyone else.Recovery phrase vs. private keyDespite being related to each other, the recovery phrase and private key are different. They both are used for securing cryptocurrency wallets. A recovery phrase is a crypto wallet recovery password. The recovery phrase is used for the recovery of a cryptocurrency wallet in case the owner forgot their password. A private key (https://cointelegraph.com/explained/secure-encryption-key-management-modules-explained), on the other hand, is used to point to a blockchain address hence securing transactions. A private key is used for transacting cryptocurrencies by proving ownership.In short, a recovery phrase is a master key to all of your crypto accounts. These words are what give you access to all of the private keys stored in your original wallet. The goal is to have full control over your assets. Having this phrase allows you to still access your blockchain assets even if you lose or damage your physical hardware device. But, how does a seed recovery phrase work? Simply put, users may access their crypto accounts from whatever wallet they choose — it’s like having a charger for every type of phone. Imagine the confusion if every wallet necessitated a different recovery phrase format. This would imply that your crypto assets would be entirely dependent on which sort of recovery phrase you’re using, leaving you no control over them.How does a seed phrase look?A seed phrase might be confusing and probably you might be wondering how a seed phrase looks and maybe how it is created. The seed phrase is generated by a cryptocurrency wallet and the user has no way of customizing it.The words generated are derived from a list of 2048 words. So, how many words is a seed phrase? A seed phrase is made up of a long string consisting of a group of random words.The words on a seed phrase are simplified so that the user can remember them, unlike if the seed phrase consisted of long numbers or special characters. The recovery phrase consists of 12 to 24 words like energy, road or open. To avoid errors, these randomly generated words do not include pairs like “man” and “men” in the same seed phrase. Bitcoin improvement proposal-(BIP)- (https://cointelegraph.com/explained/what-are-bitcoin-improvement-proposals-bips-and-how-do-they-work)39 in 2013 introduced these types of phrases and established a standard for deterministic wallets. Here is an imaginary 12-word seed phrase: Cry, planet, Loose, Typical, Humankind, Toddler, Anxiety, Difficult, Happy, Never, Alternative, Remorse.A seed phrase controls all the private keys associated with a deterministic wallet. BIP-39 proposal makes major wallets cross-compatible, allowing the users to load the recovery phrase to a new BIP-39-compatible wallet to access the funds when they are lost or if you want to switch wallets.What is a seed phrase?A recovery phrase (also called a seed phrase) is a group of random words generated by the cryptocurrency wallet that allows you to access the crypto stored within. One can consider it as a wallet comparable to a password manager for crypto, and the recovery phrase to be similar to the master password. You’ll have access to all of the crypto linked with the wallet that created the phrase — even if you delete or lose it — as long as you remember your recovery phrase.
A seed phrase aids to recover a cryptocurrency wallet when a user forgets their password. The seed phrase can be said to be a crypto wallet’s master key. For example, if you had a hardware wallet (https://cointelegraph.com/explained/crypto-wallets-explained) and lost it or deleted your wallet from your computer, you can easily create a new wallet and use the seed phrase, which will recover your cryptocurrencies
A seed phrase aids to recover a cryptocurrency wallet when a user forgets their password. The seed phrase can be said to be a crypto wallet’s master key. For example, if you had a hardware wallet (https://cointelegraph.com/explained/crypto-wallets-explained) and lost it or deleted your wallet from your computer, you can easily create a new wallet and use the seed phrase, which will recover your cryptocurrencies
Indian Authorities Search Crypto Exchange Coinswitch Kuber — CEO Says It’s Not Related to Money Laundering
https://news.bitcoin.com/indian-authorities-search-crypto-exchange-coinswitch-kuber-ceo-says-its-not-related-to-money-laundering/
https://news.bitcoin.com/indian-authorities-search-crypto-exchange-coinswitch-kuber-ceo-says-its-not-related-to-money-laundering/
India’s Enforcement Directorate (ED) has conducted searches at five premises linked to popular cryptocurrency trading platform Coinswitch Kuber. The company says its engagement with the ED was not related to any money laundering inquiry. The federal agency recently froze the assets of two other crypto firms, Wazirx and Vauld. Coinswitch Kuber Next on ED’s List […]