Cryptocurrency exchanges

Bitcoin’s History to Future: Everything You Need To know

Bitcoin’s History to Future: Everything You Need To know

If you are someone who has heard a lot about bitcoin, but you have no idea what it means, you are not alone. Today, everyone wants to invest money in bitcoins, but they don’t have enough information about bitcoins.

In this article, we will provide you with every little bit of details about bitcoins so that you can get information that can not only be helpful but which can be used to earn money.

Bitcoin gained was started in the year 2019, and even after more than a decade, it is still in buzz among people. Bitcoin is said to change the way the currency functions. The invention of bitcoins led to the invention of a new word that was called the decentralized currency. Bitcoins can also be called decentralized cash, and we will discuss in detail about why it is called so.

The best part about bitcoins is that you don’t need any centralized organization or bank’s help to transact in Bitcoin. Everything is done online, and anyone and everyone are free to make transactions in bitcoin.

The only prerequisite that you need to have is that the country you are located should legalize bitcoins.

Let’s understand all the necessary details about bitcoins:

Every bitcoin that is mined is treated as a file that is stored in digital devices. The bitcoins are stored in a wallet that is called a crypto wallet. Different types of crypto wallets are available with a crypto exchange, and you can know about them at Bitcoin Fast-Profit.

Blockchain technology is the main idea and innovation that works to make bitcoin shareable. Whenever a new bitcoin is mined, everyone in the bitcoin community gets information about it. The Bitcoins are shared and transected in the P2P platform. This means bitcoin includes private keys as well as public keys. In addition to this, to get access to your bitcoin wallet, you need access to the private key. Thus, bitcoin can be called a new age currency, and it is making every type of transaction simpler and more comfortable.

Most people ask on different platforms about what is hot bitcoin. All digital currencies, like bitcoins and other cryptocurrencies, are stored in the cloud. Later on, you can get access to these bitcoins by using your web browser or an application provided by the bitcoin exchange. The wallets make use of the browser. In addition to this, it also needs an internet connection to install and transact bitcoins. All such wallets that need an internet connection to make transactions and storage are called bitcoins.

The cold bitcoin wallet can also be called a cold thumb drive. The bitcoin wallet is used for installation and storing of digital currencies like bitcoins. The best part about the cold bitcoin wallet is that it doesn’t need any internet connection. It can work with devices even if it doesn’t have an internet connection.

Many investors and traders who are working in the field of bitcoin trading predict that bitcoin will witness high growth rate in the upcoming year. As per many research and studies, bitcoin will see maximum growth in its maturity stage. Since bitcoin was discovered in the year 2009, it has not reached its maturity stage yet, and within 5 to 10 years, it will witness high growth. Thus, if you want to invest and trade in bitcoins anytime soon, you must go for it.

Unlike other modes of transaction and payment, bitcoin is much more safe and secure. As compared to the traditional currencies, bitcoins can’t be stolen by fraud. All bitcoins are stored in software which is called the wallet. To get access to the bitcoin wallet, you have to get a private key. No one will be able to get access to your bitcoin wallet if you don’t provide them with your private key.

Bitcoins have a golden future, and it is evident from the fact that millions of people are investing their hard-earned money in bitcoins with the hope of getting a good return. Only 121 million bitcoins will be mined. Thus, if you want to get maximum returns through your bitcoin trading, start investing today.

Source: techmoran.com

Author: Contributor


Ukraine police and Binance dismantled a cyber gang behind $42M money laundering

Ukraine police and Binance dismantled a cyber gang behind $42M money laundering

Police in Ukraine announced the arrest of the members of a cybercrime gang composed of three individuals who ran 20 cryptocurrency exchanges used in money laundering activities.

According to the Ukrainian officials, the cryptocurrency exchanges allowed crooks to launder more than $42 million in funds for other criminals.

The group has been operating since 2018, on multiple cyber criminal forums they were offering to convert cryptocurrency resulting from cybercriminal activities into fiat.

The men were arrested in June, now the Binance cryptocurrency exchange and Ukraine Cyber Police shared details about the investigation in a joint report.

“The defendants created online exchangers and offered services for money laundering and money laundering. About $ 42 million in transactions took place over two years.” states the press release.

“Cyberpolice has established that three residents of Poltava region are involved in such actions. The defendants organized a criminal scheme to provide services for money laundering. Namely, money received from hacker attacks on international companies, distribution of malicious software, theft of funds from the bank accounts of foreign companies and individuals.”

The cybercrime gang collaborated with operators behind malware operations, especially gangs who spread ransomware.

Police conducted searches of the suspects’ residences and offices and seized more than $ 200,000 worth of computer equipment, weapons, ammunition and cash. The cyber agents found digital evidence of criminal activity of the suspects on the seized equipment.

“According to this fact, a criminal case under Part 2 of Art. 200 (Illegal actions with documents for transfer, payment cards and other means of access to bank accounts, electronic money, equipment for their production) and Part 2 of Article 209 (Legalization (laundering) of property obtained by criminal means) of the Criminal Code of Ukraine. The suspects face up to 8 years in prison.” concludes the press release.

The arrests are considered a success that results from the Binance internal project named “Bulletproof Exchanger,” which was launched earlier this year to identify transactions connected with illegal activities and identify bad actors behind them.

“The investigation is part of Binance’s so-called “Bulletproof Exchangers” project that aims to track down transactions between Binance and high-risk entities.” reported the CoinTelegraph.

“Investigations of this kind are primarily conducted by Binance’s internal risk intelligence unit known as Binance Sentry as well as an analytics arm, the Security Data Science division.”

Binance helped law enforcement worldwide in investigating illegal activities, in September 2019 it helped a British prosecutors‘s investigation in an online fraud that caused $51 million in losses to victims.

In late 2019, Binance signed a Memorandum of Understanding with Ukraine’s Ministry of Digital Transformation to support the Ukrainian government to developing crypto-related legislation.

Binance also partnered with TRM Labs, a blockchain analysis firm that focuses on fraud detection.

Pierluigi Paganini

(SecurityAffairs – hacking, money laundering)

The post Ukraine police and Binance dismantled a cyber gang behind $42M money laundering appeared first on Security Affairs.

Source: www.terabitweb.com

Author: Terabitweb AutoBlogger


Commercium Price Reaches $0.0016 on Major Exchanges (CMM)

Commercium Price Reaches $0.0016 on Major Exchanges (CMM)

Commercium (CURRENCY:CMM) traded 7.8% higher against the dollar during the 1-day period ending at 0:00 AM E.T. on August 17th. In the last week, Commercium has traded up 9.6% against the dollar. One Commercium coin can now be bought for about $0.0016 or 0.00000013 BTC on popular cryptocurrency exchanges. Commercium has a total market capitalization of $70,796.50 and approximately $22.00 worth of Commercium was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Zcash (ZEC) traded up 3.6% against the dollar and now trades at $86.36 or 0.00702540 BTC.
  • Bitcoin Gold (BTG) traded 3.2% higher against the dollar and now trades at $11.90 or 0.00096839 BTC.
  • Horizen (ZEN) traded 0.9% higher against the dollar and now trades at $10.10 or 0.00082129 BTC.
  • Komodo (KMD) traded 1.8% lower against the dollar and now trades at $0.79 or 0.00006389 BTC.
  • Zel (ZEL) traded up 4.1% against the dollar and now trades at $0.0404 or 0.00000329 BTC.
  • ZClassic (ZCL) traded up 15% against the dollar and now trades at $0.27 or 0.00002179 BTC.
  • Zero (ZER) traded up 5.6% against the dollar and now trades at $0.13 or 0.00001030 BTC.
  • What cryptocurrency will become the main one in a year?
    BitcoinEthereum
  • RedFOX Labs (RFOX) traded 2% lower against the dollar and now trades at $0.0060 or 0.00000049 BTC.
  • BitcoinZ (BTCZ) traded up 2.5% against the dollar and now trades at $0.0001 or 0.00000001 BTC.
  • Hush (HUSH) traded 6% higher against the dollar and now trades at $0.0580 or 0.00000472 BTC.
  • Commercium Profile

    CMM is a coin. Its genesis date was May 30th, 2018. Commercium’s total supply is 44,297,172 coins. Commercium’s official Twitter account is @CMMBlockchain and its Facebook page is accessible here. The official website for Commercium is www.commercium.net.

    Commercium Coin Trading

    Commercium can be bought or sold on the following cryptocurrency exchanges: CryptoBridge. It is usually not presently possible to purchase alternative cryptocurrencies such as Commercium directly using U.S. dollars. Investors seeking to trade Commercium should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Commercium using one of the exchanges listed above.

    Receive News & Updates for Commercium Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Commercium and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

    Source: enterpriseecho.com

    Author: Manny Gomes


    SmileyCoin (SMLY) Price Reaches $0.0000 on Top Exchanges

    SmileyCoin (SMLY) Price Reaches $0.0000 on Top Exchanges

    SmileyCoin logoSmileyCoin (CURRENCY:SMLY) traded down 15.7% against the US dollar during the one day period ending at 0:00 AM Eastern on August 18th. One SmileyCoin coin can currently be bought for about $0.0000 or 0.00000000 BTC on cryptocurrency exchanges including Trade Satoshi and SouthXchange. SmileyCoin has a total market cap of $352,754.77 and $5.00 worth of SmileyCoin was traded on exchanges in the last 24 hours. During the last week, SmileyCoin has traded down 14% against the US dollar.

    Here is how similar cryptocurrencies have performed during the last 24 hours:

  • Infinitecoin (IFC) traded 216.9% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Footy Cash (XFT) traded 14.3% higher against the dollar and now trades at $0.40 or 0.00004315 BTC.
  • Bitcoin Scrypt (BTCS) traded flat against the dollar and now trades at $0.0322 or 0.00000332 BTC.
  • Creativecoin (CREA) traded up 2% against the dollar and now trades at $0.0224 or 0.00000349 BTC.
  • Canada eCoin (CDN) traded 24.6% higher against the dollar and now trades at $0.0038 or 0.00000071 BTC.
  • Bitmark (BTM) traded flat against the dollar and now trades at $0.0311 or 0.00000818 BTC.
  • Pakcoin (PAK) traded down 15.4% against the dollar and now trades at $0.0039 or 0.00000033 BTC.
  • BunnyCoin (BUN) traded flat against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Nyancoin (NYAN) traded flat against the dollar and now trades at $0.0006 or 0.00000006 BTC.
  • GlobalCoin (GLC) traded flat against the dollar and now trades at $0.0030 or 0.00000040 BTC.
  • About SmileyCoin

    SmileyCoin Coin Trading

    SmileyCoin can be purchased on the following cryptocurrency exchanges: Trade Satoshi and SouthXchange. It is usually not possible to purchase alternative cryptocurrencies such as SmileyCoin directly using US dollars. Investors seeking to trade SmileyCoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase SmileyCoin using one of the aforementioned exchanges.

    Receive News & Updates for SmileyCoin Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for SmileyCoin and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

    Source: redmondregister.com

    Author: Carl Norther


    Binance and Ukraine Capture Cyber Criminals Laundering $42M

    Binance and Ukraine Capture Cyber Criminals Laundering $42M

    Binance, the world’s largest cryptocurrency exchange, is collaborating with law enforcement authorities in Ukraine to take down some large-scale money laundering schemes.

    Working with the exchange, Ukraine’s cyber police identified and arrested a group of criminals involved in a $42 million ransomware and money laundering operation, Binance told Cointelegraph in a criminal investigation report on Aug. 18.

    According to the report, the criminal group has been laundering millions of dollars in cryptocurrencies since 2018. A Binance representative said that the suspects were all Ukranian nationals, and were arrested in June 2020.

    According to Binance, the group was primarily operating in Ukraine but was also involved in several cyber attacks on a global scale. The spokesperson denied to provide additional details about the size of the group, or other individuals and entities involved.

    The successful criminal investigation comes soon after Binance began cooperating with Ukrainian law enforcement in early 2020.

    The investigation is part of Binance’s so-called “Bulletproof Exchangers” project that aims to track down transactions between Binance and high-risk entities.

    Investigations of this kind are primarily conducted by Binance’s internal risk intelligence unit known as Binance Sentry as well as an analytics arm, the Security Data Science division.

    Alongside Ukraine, Binance handles law enforcement requests from numerous jurisdictions across the globe, the exchange representative noted. As reported, Binance was involved in a similar investigation in the United Kingdom in September 2019. The exchange said that Binance helped British prosecutors investigate an online fraud that caused $51 million in losses to victims.

    Binance’s efforts to help Ukraine combat local crypto crimes comes against the backdrop of an established cooperation between the exchange and the former Soviet republic. In late 2019, Binance signed a Memorandum of Understanding with Ukraine’s Ministry of Digital Transformation to help Ukraine develop crypto-related legislation. 

    According to a report by major crypto analytics firm Chainalysis, Binance and Huobi exchange received more than 52% of all illicit Bitcoin (BTC) transfers in 2019, with Binance itself accounting for more than 27% of the total.

    Source: bitcoin.marketing


    Bitcoin’s History to Future: Everything You Need To know


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