Brad Sherman: Libra Is Comparable to 9/11 Attacks

4m
livebitcoinnews

Bitcoin Stabilizes at $10,500 After Fall to $9,100, What's Next?

5m
ethereumworldnews

Blockchance Cyber Parties – Crypto Daily™

7m
cryptonewmedia

Zcash Friendly Ycash Fork Goes Smoothly After Delay

8m
cryptoglobe

Australian Couple Loses $900K to Crypto Scam Despite Regulator’s…

9m
cryptonewmedia

South Korean Heavyweights KT and NDS are Developing a Blockchain-Based Food Safety System

10m
cryptonewmedia

Coinbase Stops Offering Its Crypto Bundle Services To Users

11m
cryptonewmedia

European Central Bank Policymaker Says Stablecoins Not Cause for Alarm

26m
cointelegraph

Blockchance Cyber Parties

32m
cryptodaily

Price Analysis 19/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM

44m
cointelegraph

Bitcoin (BTC) Is Up 6% Even As Sellers Eye $7,500

1h
cryptonewmedia

Behold the Latest Bitcoin Board Game, ‘Hodler of Last Resort’

1h
cryptonewmedia

Disgusted Bitcoin Trader Says Price Charts Mimic an Ugly ‘Penny Stock’

1h
cryptonewmedia

R3 Taps Software Sales Vet to ‘Evangelize’ Paid Version of Corda

1h
coindesk

Bitcoin Price Stuck in Tight Trading Range, BitMEX Responsible for...

1h
newsbtc

Bitcoin Maintains Price Rally But Outlook Remains Bearish Until It Climbs Above $10,950

1h
zycrypto

Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says

1h
cointelegraph

Boeing Keeps Dow in Positive Territory as Stock Market Slides

1h
cryptonewmedia

Major Crypto Markets Report Mixed Signals, Gold Slightly Fell

1h
cointelegraph

German Central Bank President Shows Support For Libra, Calls It “Attractive” To Customers

2h
coingape

‘Samsung Coin’ Trademark Filing Unaffiliated With Samsung

2h
cointelegraph

Stock Market Investors Should HODL Because Pros Can’t Beat S&P 500

2h
cryptonewmedia

New No-Fee Visa Card for US Crypto Holders Offers Rebates From Big Brands

2h
dailyhodl

Buying Bitcoin (BTC) at $8,500 is Best, Says Analyst

2h
ethereumworldnews

Nouriel Roubini Accuses Bit MEX of “Systematic Illegality”

2h
livebitcoinnews


Security Matters: Failures Of Top Crypto Exchanges

cryptodaily

2mon ago

Since the very inception of cryptocurrency, the online platform of exchanges has been something akin to a battleground. There goes on about a million transactions per day, and each one in itself holds a certain risk factor. No exchange present till date can be labeled entirely immune to the notorious hackers and malware targeting their crypto funds.

To actually assess how much loss one can suffer if an exchange falls victim to hackers or malware, let us look into some notable cases of exchange hackings. These biggest mistakes made by others taught us powerful lessons and helped us develop our BTCNEXT, a next-gen crypto exchange that gives paramount importance to security with its state-of-the-art features. It offers reliable systems to its users, thus safeguarding their funds, something which other exchanges have failed to do time and time again.

Exchanges are soft targets for hackers

Cryptocurrency exchange hacks are a growing problem with the loss of funds due to these surpassing $1.3 billion in total with the year 2018 contributing 61% of that loss. Almost 80 new cryptocurrency exchanges were launched in 2018.

The failure rate of digital currency exchanges is substantial as well. There have been numerous cases of hacking and stealing of crypto assets in recent times, which cannot be overlooked under the guise of the otherwise exponential growth of the industry. Moreover, whether crypto exchange platforms learn from past mistakes is a different issue altogether.

No matter how spectacular the benefits receivable, the loss suffered when an exchange is hacked far exceeds the profits earned by traders. Hence, the security measures taken by exchange are what one should look for while selecting a platform for dealing in cryptocurrency.

Exchange blunders due to poor security

There have been many cases of exchange hacks that have hit headlines due to the amount of money stolen, the confusion surrounding the act and the inability of the exchange to address the situation.

These cases are enough to delineate the vulnerability of ‘Hot Wallets’ if security is lacking. BTCNEXT is a cryptocurrency exchange that has created a fortress-like security system to safeguard funds and transactions and its continuous monitoring system keeps track of all processes

BTCNEXT takes on user’s security

As a security-focused crypto exchange, we at BTCNEXT, have covered all the requirements that an ideal platform of crypto trading should possess. Our uncluttered crypto exchange offers robot friendly API, 24/7 fanatic support, and instant deposit and withdrawal services. Furthermore, all the transactions that occur on our exchange are 100% transparent. The fee of trading that our company charges, is a minimum 0.010.

Apart from these, BTCNEXT has a host of security features like rigorous multi-run internal and external audits, located in certified data centers with activated layers of digital and physical security which are adept at preventing any mishap.

BTCNEXT also has measures like access PIN installation, biometric verification, and two-factor authentication to help keep customers funds secure and safe.

BTCNEXT also offers round-the-clock customer service. 24/7 customer redressal service manned by trained and expert executives helps customers get the best out of their trading experience. Hence, our exchange platform proves to be an optimum option for crypto users who are looking for high security and prompt customer care services.

Digital currency trading is fraught with risks. Centralized crypto exchanges are prone to hacking due to their lax security and can lose large amounts of funds. BTCNEXT offers the next level of security and a host of other services that make the crypto trading experience safe, secure and enjoyable. BTCNEXT aims to bring in a positive change in the industry in all aspects, right from the liquidity of transactions to their security and legitimacy.

About BTCNEXT

BTCNEXT exchange is a cryptocurrency trading platform designed for the beginner and delivered by experts. In order to protect investors’ funds, BTCNEXT developers have implemented more than 300 security measures. In the near future, users will be able to trade over a hundred types of tokens including Bitcoin, Ethereum and Litecoin. BTCNEXT partners with the Q DAO ecosystem’s stable coins, including KRWQ. KRWQ is a fully decentralized stable coin backed by Bitcoin (as well as other top 10 currencies in the future) and pegged to Korean Won (KRW). Korean traders will fall in love with the new stablecoin, which allows them to store funds in KRW while continuing holding a crypto token. There is no need to have an exit into fiats anymore. The ability to continuously operate within the crypto industry may be the spur that the crypto community needs for the next big move in the mass adoption across the globe.

Additionally, Q DAO family includes a wide array of stable coins with pegs to other fiat-based currencies such as the JPY (JPYQ), USD (USDQ), SGD (SGDQ), HKD (HKDQ), CNY (CNYQ), RUB (RUBQ). All of them are under the Q DAO brand.

For more information, visit their website and follow them on Twitter, Instagram, Telegram, Facebook, Medium or LinkedIn.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments