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Ways To Ensure Online Security When Using Crypto Betting Apps
Crypto betting apps are gaining popularity, but security risks must be considered. Users should use reputable apps, strong passwords, and secure devices to ensure a safe experience.
The rise of new sports games, tournaments, and talented sportsters has significantly increased the popularity of betting compared to previous years. To enhance betting excitement and profitability, the current trend involves using digital currencies (crypto) instead of traditional fiat currencies for wagering. Moreover, many conventional betting platforms offer apps where you bet with crypto, which makes their services more accessible and exciting.
Nonetheless, engaging in crypto betting apps necessitates a careful understanding of security risks. This guide discusses the crucial steps for ensuring online security when using crypto betting apps. By adhering to these practices, you can reduce vulnerabilities and have a secure and enjoyable experience with crypto betting. Read More
UK police authorized to seize criminal crypto holdings without arrests
From April 26, police can transfer seized illicit crypto to wallets controlled by the authorities, with victims able to reclaim funds from the accounts.
The United Kingdom’s National Crime Agency (NCA) and police have received expanded authority to “seize, freeze, and destroy” cryptocurrency used by criminals. As a result of the new rules, police in the country will no longer be required to make an arrest before seizing crypto holdings.
According to a press release from the U.K. Home Office, the police can also seize items like passwords or memory sticks that could aid investigations. U.K. law enforcement will also be able to eliminate a crypto asset if returning it to circulation is deemed detrimental to the public good.
Part of the new laws — which will come into effect from April 26 — state that the police can also transfer seized illicit cryptocurrency to wallets under their control, and crime victims can apply to reclaim funds from their crypto accounts. Read More
Crypto-to-crypto swaps, explained
Crypto-to-crypto swaps are the direct exchange of one cryptocurrency for another at the prevailing market rate. Unlike traditional exchanges, which would require fiat currency deposits and a longer process, crypto-to-crypto swaps facilitate the exchange seamlessly.
Swaps play a major role in enhancing the liquidity and efficiency of cryptocurrencies. The feature enables users to barter their cryptocurrencies with other coins in their wallets, enhancing the efficiency of the ecosystem as a whole and reducing the risk of censorship or control.
Thanks to swaps, users can diversify their crypto holdings, take advantage of new investment opportunities and easily swap between cryptocurrencies without depositing fiat. Read More
What is liquid staking, and how does it work?
Liquid staking allows stakers to keep the liquidity of their staked tokens by using a stand-in token that they can use to earn additional yield through DeFi protocols.
Before diving into liquid staking, let’s understand staking and the problems associated with it. Staking refers to the process of locking up a cryptocurrency in a blockchain network to sustain it, and it enables the stakers to earn a profit. However, staked assets typically become illiquid during the staking period, as they can’t be exchanged or transferred.
Liquid staking enables cryptocurrency holders to take part in staking without giving up control over their holdings. This has transformed the way users approach staking. Projects such as Lido introduced liquid staking, offering a tokenized representation of staked assets in the form of tokens and derivatives.
It allows users to reap the advantages of staking while also retaining the flexibility to trade, trading these tokens in decentralized finance (DeFi) applications or transferring them to other users. Read More
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Entrepreneurs encounter many challenges that can impede their businesses' progress and prosperity. However, force multipliers such as technology, tactics, resources, software, and partnerships can enhance effectiveness and achieve significant results even with limited resources. Markethive, a social neural network, provides a range of force multipliers, including information and content sharing, user-generated content, blockchain technology, storefronts, campaigns, brand ambassadors, awareness of the market, and network connectivity. These force multipliers can expand a business's reach, influence, and development, making Markethive an invaluable asset for entrepreneurs.
The challenges that entrepreneurs encounter can hinder their businesses' long-term success and growth. One common obstacle is figuring out how to effectively utilize the limited resources at their disposal, whether time or money, to achieve the most significant impact and profitability. This is where force multipliers come into play. It is essential to understand what force multipliers are and how powerful they are in addressing these challenges.
The armed forces have long understood the importance of force multipliers. A troop multiplier, for instance, enhances an existing military capability by either increasing its size or utilizing machine guns as force multipliers for rifles. The military would integrate sniper training into various subjects to enhance the value of snipers as a force multiplier and ensure their survival in combat.
Force multipliers are a means to accomplish more remarkable results with the same or reduced amount of effort, similar to how using a drill instead of a screwdriver can make tasks more manageable. These force multipliers can be vital in ensuring the business's survival. Read More
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What are blockchain rollups?
Blockchain rollups are a scalability solution that processes and bundles several transactions off-chain before submitting them to the main blockchain, reducing congestion on blockchain networks.
Consider a busy checkout queue at a store. Blockchain rollups provide quicker processing by acting as a self-checkout lane. To reduce network congestion, they group transactions and manage them off the main blockchain. This reduces the cost per transaction and expedites the process.
Finally, for security purposes, a single transaction summary — which resembles a receipt for each self-checkout customer — is sent back to the main blockchain. This allows for faster and less expensive side transactions while maintaining the security of the main system. Rollups accomplish this in a variety of ways, but their main goal is to simplify blockchain transactions without sacrificing security. Read More
Thai regulator cracks down on deceptive crypto ads
Regulators from key crypto markets, including the United Kingdom and Spain, have also taken similar measures against misleading crypto advertisements to minimize losses from crypto investments.
The Securities and Exchange Commission (SEC) of Thailand wants to ensure that crypto investors are not lured into the ecosystem by misleading advertisements.
On April 29, the Thai SEC warned all operating crypto exchanges against glamorizing crypto investments and reminded them to adhere to prescribed advertising standards.
The warning comes from Deputy Secretary-General Anek Yooyuen, who said the commission was concerned about crypto exchanges offering special privileges to onboard users.
According to the Bangkok Post, crypto advertisements containing false, exaggerated, distorted, concealing or misleading information violate Thailand’s regulations. Read More
Ethereum Allies: Arbitrum Team Helps Optimism Avoid ‘High Risk’ Vulnerability
Reaching out to combat potential fraud, from one layer-2 to another.
Offchain Labs, the core team behind the Ethereum layer-2 scaling network Arbitrum, recently uncovered several security issues in a testnet version of Optimism, a separate Ethereum layer-2 scaling network created by OP Labs.
After fixes were implemented, the issues were detailed Friday in a blog post published by Offchain Labs co-founder Ed Felton. As the potential vulnerability was found in Optimism’s system for contesting potentially fraudulent transactions, it could have been seized on by bad actors, Felton explained.
“We believe that if your current protocol were deployed on mainnet, it would put user funds at very high risk,” Offchain Labs said it told OP Labs in a late March message, adding that “example exploit code” had been included for informational purposes. Read More
Solana Advances Congestion-Alleviating Central Scheduler Feature to Testnet
Solana engineers are testing one of their definitive weapons to fight network congestion. Anza, a group of software developers behind the Solana client, has recommended the implementation of Agave v1.18.12 into the network’s devnet and testnet. The new version includes one of the most expected features for fixing the congestion that the blockchain has experienced for over a month.
The central scheduler, which will enable higher fee collection and fewer conflicting transactions, comes disabled by default. Nonetheless, Anza is calling on validators to enable it and examine its performance.
Anza stated:
Our internal tests are promising, but the extent of the improvement needs to be fully evaluated by validators in production.
Theoretically, adopting this central scheduler should help more transactions move through Solana, given that it makes the client a lot smarter by avoiding the lock-up of conflicting transactions. This is because the scheduler establishes the order in which transactions are assigned for processing, optimizing the network’s operation. Read More
Coincover launches Protected Co-Signing for ultimate transaction protection
Coincover, a blockchain protection company, has launched its Protected co-signing product to further reduce the risk in digital asset transactions.
The new service adds an additional layer of protection onto the existing co-signing model within digital asset custody. While the emergence of multi-sig wallets allowed different parties to share custody and reduce risk of loss from disaster scenarios, the addition of Coincover’s proprietary technology into the co-signing model further reduces the risk of transacting digital assets.
Working closely with its partner Onramp, Coincover’s implementation of this technology will automatically screen transactions for any of its security risks, such as cases of fraud or hacking. However, the solution also provides a failsafe by applying Coincover’s insurance-backed warranty to transactions. It is therefore an extremely secure way to sign transactions.
Bitcoin’s history is peppered with examples of custodial problems and cases of loss, whether caused by misplaced private keys, fraud, or an exchange hack. These instances have deterred investors and prevented large pools of capital from entering the space. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
