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| June 18, 2019

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Feds: 81-year-old bank robbery suspect wanted to return to prison because of small Social Security payments

June 12, 2019 |

An 81-year-old man who has spent most of his adult life behind bars for a series of bank heists said he robbed an Arizona credit union months after being released because his $ 800 monthly Social Security check wasn’t enough to live on, according to court records. 
FOX News

How to Use a Physical Security Key to Safeguard Your Exchange Account

June 4, 2019 |

If you are keeping funds on a cryptocurrency platform such as a centralized exchange it is highly advisable you make sure your accounts are as safe as possible. Using a physical security key can greatly help with this as well as safeguarding other private services such as email and cloud storage.

Also Read: Israeli Supreme Court Stops Bank From Closing Exchange’s Account

Secure Your Crypto Accounts With a Physical Key

A physical security key is a piece of hardware used for verifying you have permission to access sensitive online services. It can be used for securing accounts on cryptocurrency exchanges employing two-factor authentication, replacing more vulnerable methods such as receiving verification codes via SMS. It greatly reduces the risk of hackers remotely taking over your account with cyber attacks such as phone porting, as they now need to have the actual device in their hands to gain access to your account.

How to Use a Physical Security Key to Safeguard Your Exchange Account
Yubico.com Screenshot

One such physical security tool for crypto exchange accounts is Yubikey, which supports platforms such as Bitbay, Bitfinex, Bitmex and Kraken, among hundreds of other services. It is a line of small USB devices that fit into your computer and verify authentication with the press of a button. Many more platforms can be used with these tools and Coinbase exchange recently announced it is also gradually rolling out support for universal second factor security keys to its users, calling them “the gold standard of modern account security.”

Are you using any devices to secure your cryptocurrency holdings? Share your experience in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post How to Use a Physical Security Key to Safeguard Your Exchange Account appeared first on Bitcoin News.

Bitcoin News

China Steps Up Security on 30th Anniversary of Bloody Crackdown

June 4, 2019 |

China stepped up security around Tiananmen Square in central Beijing on Tuesday, as its embassy in Washington criticized the top US diplomat for his statement on its bloody crackdown on pro-democracy protests at the square 30 years ago. Extra checkpoints and street closures greeted tourists who showed up before 5am…
Newser

House passes a bill to improve retirement security and ease IRA rules

May 24, 2019 |

The U.S. House of Representatives has overwhemingly approved legislation that relaxes the rules for retirement savers and makes it easier for small businesses and other companies to offer retirement plans.

The bipartisan bill, approved 417-3, also makes it easier for workers to transfer retirement…


L.A. Times – Business

SpaceX challenges Air Force awards on security satellite launches

May 22, 2019 |

Elon Musk-led SpaceX is formally challenging the U.S. Air Force’s decision last year to award a round of rocket development contracts to competitors, arguing that the Hawthorne company’s entire proposal was incorrectly deemed the one with “highest risk.”

In October, the Air Force awarded a combined…


L.A. Times – Business

Everyone’s Talking About Security Tokens But No One’s Trading Them

May 21, 2019 |

There’s a party happening right now and everyone’s invited. The music’s playing, the fridge is loaded and the bathtub’s full of ice. All the ingredients for the sickest soiree are in place. There’s just one problem: the guests have yet to arrive. Welcome to the world of security tokens, where you can tokenize anything you like, but making it tradable is another matter entirely.

Also read: Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

STOs Are on the Rise But Liquidity Is Non-Existent

HYGH is a peer-to-peer advertising network and content management system seeking to make outdoor displays affordable to businesses of all kinds. It’s currently raising funds via a token sale, and has elected for an STO over an ICO. Explaining the rationale, CEO Vincent Mueller said: “We see clear benefits to aligning incentives between the project and its backers, and we believe a compliant STO is the best way to achieve this. We’ve set a small check size of $ 500, in exchange for which investors will receive a 9% share of revenue.” A security token offering was chosen, he added, on account of it being the most ethical means of raising money, helping investors become long-term advocates for the company, rather than short-term token flippers, as was the case with the ICOs of yore.

Everyone’s Talking About Security Tokens But No One’s Trading Them

But how long-term are we talking about when it comes to trading security tokens? In the U.S., there’s generally a one-year lock-up before securitized assets become tradable, but that’s not to say that STO investors can exit after 12 months. Offloading any asset requires a counterparty willing to acquire it, and right now accredited investors with the means and will to purchase security tokens on the secondary market are thin on the ground – as are trading platforms themselves, for that matter.

Everyone’s Talking About Security Tokens But No One’s Trading Them

First Comes Infrastructure, Then Liquidity

The Winklevoss twins might have caught flak for Gemini’s “Crypto needs rules” campaign, but when it comes to securities trading, they’re absolutely right. While the legal status of utility tokens can be debated ad infinitum, securities will always be securities, and thus any project pondering an STO must ensure they are au fait with all pertinent regulations before proceeding. Furthermore, any exchange wishing to list these assets requires a license from their securities regulator, which doesn’t dole such permits out to just anyone.

At Token Summit New York last week, Josh Stein, CEO of security token exchange Harbor, had a lot to say about the state of the nascent industry. “The issue is getting a critical mass of investments and investors,” he told event organizer William Mougayar. “You can have the best tech in the world, but you still need buyers and sellers willing to transact … It’s like a fission reaction, you gotta reach critical mass.” Solving that chicken and egg problem is a task that call for a multilateral approach involving STO projects, issuance platforms, custody providers, secondary exchanges, regulators, and all the other intermediaries who govern the complex security token landscape.

Everyone’s Talking About Security Tokens But No One’s Trading Them
Josh Stein

From ICO to STO – With an IEO Pitstop in Between

If 2017’s ICO boom was an illegal rave – wild and untamed, hella fun, but ultimately unsustainable – then the incoming STO wave is more of a swanky after-party. There’s still fun to be had and networking to be done, but there are bouncers on the door and it’s an invite-only affair. Despite these restrictions, security tokens still have the power to democratize investment and unlock innovative new financial products, just like conventional crypto assets.

Everyone’s Talking About Security Tokens But No One’s Trading Them

“The short-term innovation is minimizing the investor amount,” opined Harbor’s Josh Stein. “From $ 500K to $ 10K. So the short-term effect is to add liquidity and lower check sizes.” As for the long-term, he speculated: “When you have real estate bonds, you can leverage them … get increased credit on them using Darma or multi collateral Dai. The innovation today is the liquidity, which quickly leads into smaller units, more investors participating.”

In the here and now, the prognosis on the STO ecosystem is bullish, with a number of big money deals between major industry players being inked. In the past week alone, we’ve seen:

  • Rhodium Capital Advisors, lift the lid on a $ 100M tokenized real estate fund using Harbor’s security token protocol and platform.
  • CF Capital Group, a resource mining advisory firm, unveil a $ 250M STO using a multi-jurisdictional protocol from Koreconx.
  • Polymath team up with Cardano and Ethereum co-founder Charles Hoskinson to create security token blockchain Polymesh.

There are other ways to issue securities, even within the cryptocurrency landscape, than through an STO, it should be noted. Kraken exchange, for example, has begun offering dividends to investors, with check sizes as small as $ 1,000 significantly lowering the barriers to entry.

Josh Stein predicts a future that will include securities which live only onchain – native digital securities. For now, most of the assets being tokenized are traditional securities such as real estate and bonds. Just as it would have been impossible, a decade ago, to visualize many of Bitcoin’s present day use cases, it is safe to assume that there will be applications for security tokens we have yet to conceive. In the meantime, for anyone wishing to get their hands on a tokenized security via the secondary market, it will be necessary to wait a while longer. “A year from now you’ll start to see the beginning of trading,” ventured Harbor’s CEO.

What are your thoughts on STOs – do you think tokenization adds any benefits over traditional securities? Let us know in the comments section below.


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post Everyone’s Talking About Security Tokens But No One’s Trading Them appeared first on Bitcoin News.

Bitcoin News

Trump bans Huawei in U.S. markets, saying Chinese firm poses security threat

May 16, 2019 |

President Trump issued an executive order Wednesday giving his administration sweeping powers to block Chinese telecom giant Huawei Technologies Co. and other foreign communications firms from doing business in the United States — a long-anticipated move he had postponed while Washington and Beijing…


L.A. Times – Business

TMZ

Alec Baldwin Says Security Vid Proves No Punches in Parking Spot Fight

May 15, 2019 |

Alec Baldwin’s foe in a bitter battle over a parking spot lied when he said Alec punched him … and the actor says he has video to prove it. In new legal docs obtained by TMZ … Baldwin’s attorneys, Luke Nikas and Alex Spiro, say there’s video…

TMZ.com

Pakistan security forces kill attackers after raid on luxury hotel

May 13, 2019 |

Pakistan security forces kill attackers after raid on luxury hotelOfficials said three gunmen dressed as military officers raided the five-star Pearl Continental Hotel on Saturday, killing three hotel security guards, an employee and a navy soldier in the ensuing gunbattle. The insurgents had been holed up on the top floor of the hotel after security forces arrived. “Security forces have completed clearance operation,” the military said in a statement, adding all three attackers had been killed.



Yahoo News – Latest News & Headlines

Crypto Meets Techno and Binance Security Breach in the Weekly Update From Bitcoin.com

May 12, 2019 |

Crypto Meets Techno and Binance Security Breach in the Weekly Update From Bitcoin.com

Crypto meets techno with BCH-inspired music and discussion of the aftermath of the Binance security breach. In addition to learning about the latest developments, the winners of the latest giveaway will be revealed in this week’s video update on Bitcoin.com’s Youtube channel.

Also Read: Why Cryptocurrency Investors Are Renouncing Their US Citizenship

Crypto Meets Techno in Bitcoin.com’s Weekly Update

This week’s show covers the techno duo Etnica, which has a new track called “Crypto,” inspired by BCH and featuring a voice-over cameo from Rick Falkvinge. The team also discusses the $ 40 million loss at Binance following an alleged hack and the idea fleetingly floated by its CEO, CZ, to reorg BTC because of it.

Other topics mentioned are Sideshift incorporating Cashshuffle, how to buy video games with BCH, over 4 million Bitcoin.com wallets created, and the upcoming launch of the highly anticipated local.Bitcoin.com service.

The team will also reveal the lucky winners of the latest giveaway, related to the Malta AI & Blockchain Summit coming up later this month. Winners will get full access to the expo, workshops and all of the conferences, with the tickets valued at €799 each.

Make sure to subscribe to the Bitcoin.com Youtube channel and leave a comment on the latest video.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Crypto Meets Techno and Binance Security Breach in the Weekly Update From Bitcoin.com appeared first on Bitcoin News.

Bitcoin News