Crypto Hunt Game

Finance Crypto Hunter

Crypto Storage – Your Crypto Assets Security Provider

Read this Article

Crypto Hunt Trends

Quote: Become a man of success and value.

Quote:

Learn how to build the perfect morning routine for you! Start your day right by building habits that will: improve your productivity, boost creativity and help you focus on what's important.

Quote: Wealth is the ability to fully experience life.

Click or Tap for More
17
Sep
2020

Understanding The Forex Market

Trading in the forex market allows anyone to trade at fairly smaller amounts compared to financial markets. Many people are trading the forex market because there’s a higher opportunity to leverage income and make money.

Trading Forex vs. Trading Cryptos

What is the Forex market?

Forex trading is the act of buying and selling currencies to make an income. The forex or the foreign exchange market is the largest in the world and it has a daily turnover of almost five trillion USD. There is no central market place for Forex Market and this mainly differentiates it from trading stocks. Another key difference is that anyone who trades in forex can still make a profit regardless if the market is high or low and prices are declining. The forex trades 24/7 and thus traders can invest any time.

What is moving the foreign exchange market?

There are several factors that cause fluctuation in prices. Below are three factors that primarily impact the foreign exchange market.

  • Supply and demand. The primary moving factor is supply and demand. If the demand for currency pairs heightens, the seller is removed. The moment prices get to a specific threshold, they are going to bring in new sellers to the market.
  • Central bank. Another factor is the central bank because when CB announces measures that impact a certain currency, it follows that prices change. The CB attempts to manage inflation, money supply, and interest rates.
  • News reports. The market had always been influenced by market and news reports. Based on the economic calendar, there are certain news reports that caused high, medium, or low impact. Favorable news reports can increase currency value and unfavorable news reports can lower currency value.

Should you get a forex broker?

You must get a good broker and trading platform in order to trade in Forex. You will also need to have internet access to monitor your investments. A trading platform is a software application that allows you to trade in the forex market. This is made available to you by forex brokers.

Looking for a reliable forex broker? Check out Forex Brokers 2020. 

There are several factors to consider when choosing a forex broker. This includes regulation, minimum account, commissions, account fees, promotions, and platform features. There is high competition among online brokers. In order to be profitable in forex trading, choose an online forex broker tailored to your trading needs. Broker should strictly be regulated.

In any endeavor, background knowledge is important. However, with forex trading, the experience is the best teacher. A demo account is most helpful to help you learn and gain more knowledge in the forex trading industry. Also, trading in a demo account gives a feel of the real market.

Trading strategies

Having a good forex strategy is an important factor in order to ensure profitability. While there are many strategies that claim to be successful, not all are suitable for every trading situation. That’s why it is important to choose one strategy that best matches every situation. For beginners, test your skills in trading by using the demo account. The demo account allows you to discover strategies that will best work for every situation. When you are confident of the strategy you developed or existing strategies that you tested, then you can move on to a live account.

 

Posted by Laney Seward in Finance
10
Aug
2020

Security Researchers Explain Methodology of Crypto Exchange Hackers

Security researchers who convened at the Black Hat virtual conference, reported on how the notorious group CryptoCore was able to hack $200 million worth of crypto money. The heist, as reported by Cointelegraph last June 2020, saw several crypto exchanges operating across the globe, losing cryptocurrencies from cyber attacks perpetuated by way of a phishing campaign that lasted for two years.

The report revealed how crypto exchanges become vulnerable to hackers despite claims of having high privacy and tight security measure in place to protect their funds. Researchers enumerated three methodologies that allowed hackers to succeed in attacking five crypto exchanges in Japan, the Middle East and the U. S, .Omer Shlomovits, cofounder of KZen Networks and Aumasson, a cryptographer categorized the attacks as:

1) Insider attack or inside job,
2) Exploitation of a relationship between a crypto exchange and a customer
3) Partial extraction of secret keys.

According to the report, the approach was similar to breaking open a conventional bank vault by turning on six keys all at the same, which means the hackers had to dissect private keys into smaller pieces in preparation for their cyber heist.

Insider Attack or Inside Job

An insider, explores and exploits the vulnerability of the cryptocurrency exchange’s open-source library. Using the refresh mechanism, an inside attacker who is also a key holder initiates a refresh. Then he or she does some manipulation to alter some keys but at the same time retain some. The manipulation will cause a denial of service that permanently locks out the cryptocurrency exchange out of its own digital funds.

Another way that an inside attacker launches an incursion is to figure out private keys generated by exchange customers when initiating multiple key refreshes. This enables the inside attacker to carry out the stealing process by manipulating exchange processes using false validation statements.

Exploitation of Relationship between Crypto Exchange and Customer

Shlomovits and Aumasson said attacks could occur once the insider becomes a trusted party in a crypto exchange for which they receive their portions of the key. Any of the trusted parties with malicious intent can generate random numbers that is up for public verification. However, the researchers found out that in the case of Binance, the site skipped the checking of random values generated by trusted parties.

Extraction of Secret Keys

Malicious trusted parties use the unvalidated values in sending constructed messages to other users, who in turn, assign the unvalidated information. Exchange users using multiple key refreshers become the targets of the malicious trusted parties, for purposes of extracting private keys to use in launching the cyber hack.

Posted by Madelina Feliks in Cryptocurrency
31
Jul
2020

How to Cash-In Your Cryptocurrency?

Do you have Bitcoin and would like to cash it in to your bank account? Lucky for you as there are a lot of ways on how you can convert it to real money.

Selling it to an Exchange

Selling your Bitcoin to a trusted crypto exchange is basically the simplest method that you can opt for. To ensure that the brokers don’t break any laws, you have to withdraw to same bank account that you have deposited with. It is easy, simple and most of all, secure. However, don’t expect it to be swift.

In the US, the average timeframe for the money to reach your bank account will take 4 to 6 days. But this is going to vary depending on your location. Any associated fees will depend as well on the country where your bank is located.

Cash it out to Fiat via PayPal or Bank Transfer

Today, you are going to find Bitcoin ATMs. In comparison to the conventional ATMs where you make withdrawals from your bank account, Bitcoin ATM serves as the physical center allowing you to sell or buy Bitcoins using fiat money. As of this writing, there are more than 5,000 ATMs spread across 76 countries and you may use the web to find a Bitcoin ATM nearest to you.

Remember always though that these machines are different and this method will be suitable only when making small transactions. This is mainly because of the fact that majority of these Bitcoin ATMs have limits in regards to the amount that can be deposited and withdrawn. The thing with withdrawing from Bitcoin ATM is that, the transaction fees are crazy expensive that range between 7 to 12 percent.

Bitcoin Debit Cards

These days, there are a number of websites that let people to sell their cryptocurrency like Bitcoin and get a prepaid debit card in return. This allows the seller to use it just like how regular debit cards would. Every card is powered either by Mastercard or Visa. Meaning to say, it works perfectly whether online or offline at most businesses worldwide. In addition to making purchases, the cards can be used in withdrawing money at regular ATMs.

Cash Deposit

As a seller, you may just ask the buyer to directly deposit the money to your bank account. Of course, always request for proof of identification before you release your Bitcoins to them.

Now, once you have your money, use it for something productive like investments. Check out websites that do FOREX broker comparison to see which broker work with to handle your finances and grow your money.

Posted by Ness Shantel

Post Categories

𐌢