6 Common Mistakes to Avoid When Using Cryptocurrency Wallets

To maintain access to your cryptocurrency funds, getting a crypto wallet is definitely a must. A crypto wallet holds your private keys and also allows you to send and receive cryptocurrencies. Surely you wouldn’t want to get locked out of your own funds, so having a crypto wallet ensures that all your private keys are accessible to you at any time. However, just like a normal wallet, you need to keep it safe from the prying eyes of thieves—in this case, from cybercriminals.

Are you sure you’re keeping your cryptocurrency wallets safe? Here are some mistakes that you should avoid making if you want your wallet to stay secure.

Not Creating Backups

Given how vital private keys are in accessing your crypto, losing your wallet might as well mean saying goodbye to your funds. Hence, it’s always important to create backups for your crypto wallets in case it gets damaged or lost. Not creating backups opens you up to various risks, including potential theft, hardware failure, or even accidental deletion, leaving you unable to recover your assets.

There are multiple ways to backup a wallet, depending on your needs and your wallet. You can look into hardware backups such as buying a physical device to store your keys or seed phrases or you can also just simply have them written down on paper. Likewise, there are also online backup options, though of course, you would need to ensure they’re on trusted platforms for security reasons.

Moreover, make sure you’re particular about the storage of your backups, and consider making multiple copies of them if possible. For example, you may have the backup of your XMR wallet in an offline device and also printed as a physical document, both of which you can store in different locations for the added security of your Monero funds.

Sharing Sensitive Information

While it may seem obvious to never share passwords to anyone, you’d be surprised how many people still inadvertently let slip of such sensitive information. This is usually because they feel like they can trust the other person enough or it can also be that they fall victim to phishing or social engineering, wherein someone pretends to be a trusted entity to gain key information about one’s account.

A good rule of thumb to practice here is to just never trust anyone else with your password, keys, or other sensitive account information. If you were thinking of telling them to someone else as a precaution in case you forget, then you’re better off making backups instead. It simply isn’t worth the risk.

Using Unsecure Connections When Accessing Your Wallet

Since your crypto wallet would need internet access for you to make transactions and update its balance, it can still be vulnerable to cyber criminals or hackers. Of course ,you can lessen the risks of any cyber attack happening by taking necessary precautions. One is to ensure you’re only accessing your wallet when you’re using a trusted connection, such as your home network. Avoid making crypto transactions while connected to a public Wi-Fi, no matter how convenient it may seem, as they’re usually not secure.

Likewise, be sure you’re using a trustworthy and secure wallet. See to it that your chosen wallet supports safety features such as two-factor authentication and also offers regular security patches.

Falling for Phishing Scams

Always be wary of suspicious emails or login pages that prompt you to provide your credentials. Often, hackers would scare you with the possibility that your account has been compromised, or instead, they might offer you big returns if you respond with the information they need. Of course, both are just bait to lure you into their trap.

Always double-check to see if the login pages you’re entering your information into are on the  legitimate platforms or websites. Likewise, always be skeptical about offers and investment opportunities; if it all seems too good to be true, then that is most likely the case.

Having Weak Passwords

Being discreet about your password should also come with the assumption that you have a strong password to begin with. A strong password is one made with a mix of alphanumeric characters, uppercase and lowercase letters, and even special characters if possible. Avoid using weak passwords such as your birthday or name, as this can be easily guessed or broken into by hackers to gain access to your crypto wallet.

Not Keeping Updated with Related Crypto News

The great thing about having a community is being able to share news and updates easily so that everyone can stay informed. Hence, don’t make the mistake of ignoring the latest news in your circle. Try to stay on top of crypto news to catch any new scams or phishing tactics that you may need to watch out for. Doing this also ensures you know any new security measures that may be implemented by your crypto wallet.

Complacency and lack of initiative when it comes to account security can lead to various risks that may compromise your crypto wallet, which can then cost you all of your funds. So, make sure to review the mistakes highlighted in this article to know what you shouldn’t be doing and instead take on a more active approach to ensure your crypto wallet stays secure.

 

Trust No One: The Hunt for the Crypto King Gerry Cotten

In the ever-evolving world of cryptocurrency, where fortunes can be made and lost in the blink of an eye, one name stands out – Gerry Cotten. A cryptocurrency multimillionaire, Cotten’s life was shrouded in mystery, and his sudden death in 2018 left investors in disbelief. What followed was a gripping tale of intrigue, suspicion, and a quest for justice that led a group of investors to become amateur sleuths in their pursuit of the missing $250 million they believe Cotten had stolen from them. This article delves into the fascinating story of Gerry Cotten, the suspicious circumstances surrounding his demise, and the relentless pursuit of truth by his disillusioned investors.

The Rise of Gerry Cotten

Gerry Cotten entered the cryptocurrency scene in its early days, riding the wave of the Bitcoin boom. He founded QuadrigaCX, a Canadian cryptocurrency exchange, in 2013. Cotten’s exchange quickly gained popularity as it provided a platform for traders to buy and sell various cryptocurrencies. With his boyish charm and charismatic persona, Cotten soon became a trusted figure in the crypto community, earning the nickname “Crypto King.”

The Enigmatic Disappearance

In December 2018, tragedy struck. Gerry Cotten, aged just 30, died suddenly while on a trip to India, reportedly due to complications from Crohn’s disease. His death was met with shock, but what followed was even more astonishing. It was revealed that Cotten was the sole holder of the exchange’s private keys, which controlled access to the cryptocurrency wallets containing millions of dollars worth of digital assets. This single revelation sent shockwaves throughout the cryptocurrency world.

The Missing Millions

Investors in QuadrigaCX were soon faced with a grim reality – their funds were effectively locked away, as Cotten had not left any instructions or access codes for his cryptocurrency holdings. The missing $250 million was a colossal blow, and suspicions began to mount. Investors, many of whom had entrusted their life savings to the exchange, refused to believe that Cotten’s death was a mere accident. They started asking tough questions and seeking answers.

Unravelling the Mystery

As investors dug deeper into the circumstances surrounding Cotten’s death, they uncovered a web of deception and irregularities. Theories began to emerge that Cotten might have faked his own death to abscond with the missing funds. Investigations by authorities, as well as independent experts, revealed a troubling lack of transparency and financial mismanagement within QuadrigaCX. Key documents and financial records were either missing or suspiciously altered, adding fuel to the growing fire of suspicion.

The Sleuths Turned Investors

Frustrated by the lack of progress in official investigations, a group of investors banded together, determined to unravel the truth themselves. Their amateur sleuthing took them down a rabbit hole of cryptocurrency transactions, offshore accounts, and legal battles. They began to piece together a narrative that suggested Cotten had orchestrated an elaborate exit plan, leaving the investors in the lurch.

Legal Battles and Hope for Recovery

The legal battle that ensued was intense, with investors seeking to recover their lost funds and hold those responsible accountable. As the investigation continued, some assets were seized, and a portion of the missing funds was eventually recovered. However, the majority of the money remains unaccounted for, leaving investors in a state of uncertainty.

Conclusion

The story of Gerry Cotten and the hunt for the missing $250 million serves as a cautionary tale for the cryptocurrency industry. It highlights the need for robust regulations and transparency in an otherwise unregulated and volatile space. The saga of QuadrigaCX continues to captivate audiences worldwide, reminding us that in the world of cryptocurrency, trust is a precious commodity, and one must always be vigilant and prepared to question the status quo. Trust no one, for the crypto kingdom is a realm where fortunes can disappear as quickly as they are made, and the quest for truth can lead to unexpected revelations.

Things to Understand Before Investing in Cryptocurrency

Cryptocurrency follows a volatile trend in the market. This is because it doesn’t remain the same all the time. Sometimes it goes high and benefits the crypto users with a huge margin whereas, at its down times, its downtime phase becomes the reason for the loss. Despite the recent crash in the digital market, there are still some crypto assets that are supposed to recover soon. As per the CoinMarketCap readings, Bitcoin and Ethereum came back to their position after a loss phase. But is their comeback forever? What is its downside? Hence some points should be considered and understood related to digital assets. For more information you can visit Bitcoin Thunderbolt site.

Things must be kept in mind before the next recession:

Volatility

One of the significant fears of cryptocurrency currencies is their price value. As the price value of crypt keeps on swinging in the digital market, hence it is very difficult to assure about its volatility. From May 2022 to July 2022, the cryptocurrency was almost up to $1 trillion globally. Therefore, it would be very crucial to plan to trade further with the specific crypto especially when you are expecting to include it in your investment portfolio strategies.

The Enormous Use of Resources

Another point of discussion in crypto is its numerous use of resources. Let’s understand it with an example, the electricity consumed by cryptocurrency is however more in countries such as Argentina. As per the research done by Columbia University, the pollution generated by cryptocurrency currency generation is causing air pollution and climate change as well. Those crypto allow the proof of stake consensus, the equipment used by it would be less and also consumes less energy other than proof of work consensus such as in bitcoin. As a result, the crypto industry takes advantage of whole resources such as Solana. As it is more sustainable and uses less electricity consumption. It is further reliable on renewable energy resources.

The crypto world is full of scams. As cryptocurrency is decentralised hence it is more approachable for scammers and illegal activists. As per the report of federal trade during 2021, the crypto market faced a loss of up to $650 million due to fraud. However, at the end of the year 2022, the cases kept on increasing and reached billions from millions.

Regulations Changing

Another trouble that arose with crypto is its change in regulations. As the treasury of the U.S. released its framework. For crypto regulations on an international scale. Moreover, government organisations are expected to develop a central bank for utilising digital currency, Moreover, if the central banks started issuing digital currency, well then the existence of other cryptocurrencies would be in danger.

No Insurance Against Cryptocurrency Exchange Failure

Although you are investing in every cryptocurrency exchange, the safety of that particular crypto asset is not assured. However, sometimes the crypto exchange platform offers insurance policies in circumstances like fat. A hack or other security issues. However, it cannot save your exchange from getting failed., Moreover, the SIPC insurance as conveyed by the investigator gives protection to the consumers, although the condition does not apply for the crypto exchange crypto assets, However, in case the exchange loses your money it would also be in danger.

Whales Control Most of The Crypto

Every cryptocurrency currency is a way to make money for users. The fact is that only a bunch of people control a big fraction of crypto assets. Whereas in the case of cryptocurrencies also falling off crypto takes over more cryptocurrency as compared to what you expect.

Crypto is Less Liquid Than Other Asset Classes

Big exchanges are the reason to increase the liquidity of crypto assets. But the fact is that the crypto assets are less liquified as compared to stocks and cash. As the fiat currency is extremely liquid and is it the reason for stock sales so that the money can directly be added to your account within a few days? However, the least famous coin cryptocurrency currency was automatically locked up so that you will not be able to trade them.

Bottom Line

As it is clear that crypto investment can be a reason to make more money and take advantage of the web3 phase. However, the significant impact of cryptocurrency and the drawbacks of investing in crypto must be kept in mind. In addition to this, never forget that digital assets are considered a speculative investment, However, some expert investors invest in crypto 5℅to avoid any critical situation.

5 Best Payment Apps Useful for Cryptocurrency

Payment’s applications are made to help crypto users with each and fast transaction of cryptocurrency from one end to another anywhere in the world. money can be sent to either friends, family, or relatives as well. In case you are willing to share your payment on behalf of any lunch party or as a gift, you can easily send it very fast. For more information, you can go through their website https://immediateconnect-se.com/.

As of now the upgradation of cryptocurrency applications induce a lot of changes. Therefore, your payment options are also increased. However, this is the way by which you can purchase bitcoin along with other digital cryptocurrencies. Moreover, several applications are also available in the crypto world to accomplish crypto-related tasks. Some of them are given below:

Venmo App

It is the most popular application available for easy and fast payment. It is possible because there is a provision to create an account and get started with it instantly. Venmo makes it possible to send money between family friends and other close ones. There is also a provision for credit and debit cards.

PayPal

It managed to urge almost 400 million users. It is also a well-known application available in digital format. As compared to Venmo it also allows you to transfer money as long as you have maintained an account on PayPal and also free of cost. Although PayPal is more robust than Venmo because it includes many of its precious features it has. Initially PayPal apps can be verified with thousands of online retailers such as Walmart, target, etc. It also offers you the buy now pay later option to split certain purchases in quarterly instalments and free of interest cost as well. It also included the benefit of linked cards with the PayPal wallet, credit card rewards on every purchase, and so on deals as well.

CashApp

The simplest app that has ever been made is CashApp. It makes the payments instantly. This application requires a phone number, email id, and a unique cash app account for making payments to anyone. Now it is also possible to bank and invest your cash app as well. The checks can be deposited within two days to the account of CashApp. For this, you have to be bound to your balance available in CashApp and able to make both online and In store purchases. There is also a provision to buy or sell the stocks with a cash app to sell the bitcoins also. The trade will confirm any kind of fee and transactions as listed in the trade.

Google Pay App

Google provides an application for payment and a digital wallet platform, known as Google pay. This application is compatible with both Android and iOS devices. Its core function is to send and receive money to family members and friends and others. It also makes it possible to split the expenses and cross-check the previously occurred purchase as well. In case your device is compatible with tap-to-pay and such like other technologies, there would be a possibility for different cards and asses in the Google App play store. It is also ready to order some transit passes and membership cards as well.

Webull App

One more app available to invest your cryptocurrency is Webull. Just like Robinhood, the platform of Weibull also provides you with zero commission services and you can further invest in the stocks of a group of stocks or different types of cryptocurrencies. However, the IRA option is also provided by this app. Weibull makes it possible to do trading only once a week and further drop down once in the evening time for regular maintenance. Other cryptos available for trading with Webull are Ether, Litecoin, Bitcoin, etc.

Bottom Line

In case you are willing and capable to manage your expenses via using an app or you are using your account for cryptocurrency trading, you have a lot of options available to choose from. As many of the applications which were able to combine these various services like Venmo and CashApp, they do not offer a good variety of crypto trading. In case you are willing to do a full cryptocurrency experience, the best choices would be Coinbase and Kraken. However, these applications would enhance access to more variety of digital currencies as other apps lack this feature. However, to find more applications, you must be clear about the features and currency you want to trade with. Maybe sometimes you have to depend on multiple people to accomplish your goal.

Acquisition Agreement for Centralized Cryptocurrency Exchange

McapMediaWire – A cryptocurrency, blockchain, and digital asset technology business named NSAV has just disclosed that it has signed a definitive acquisition agreement for AWC Centralized Cryptocurrency Exchange (AWC).

Approximately $1,500,000,000 USDT Dollar Value is currently deposited by AWC. BEP-20 and ERC-20 tokens can both be listed on the exchange. More than 2,000 wallet traders are engaged at AWC.

In addition, according to AWC management, the exchange will generate an estimated $1,500,000 per month once it has 5,000 customers and $100 in average daily trading per user. The expected monthly revenue at 10,000 users, based on $250 in average daily trade per user, will be $7,500,000. To maintain continuity and a high level of service, the exchange will continue to be run by the current AWC management.

Management

NSAV’s management issued the following statement: “As our shareholders are aware, the Company has long sought to purchase an operational CEX. We were ecstatic to witness the anticipation among NSAV shareholders and the market at large in the weeks preceding the official signing of this agreement.”

The goal of NSAV is to create a fully integrated technology business that offers turnkey technological solutions to the blockchain, cryptocurrency, and digital asset industries. The company intends to offer a wide range of services in the future, including software solutions, e-commerce, financial services, consulting services, and information technology.

Contact

Please email NSAV at info@nsavholdinginc.com for more details.

Visit https://twitter.com/nsavtech to view the NSAV Twitter account.

Visit the NSAV corporate website at http://nsavholdinginc.com

The website for the NSAV Centralized Cryptocurrency Exchange (CEX) is located at https://ex.nsavexchange.com/main

Visit the NSAVDEX 1 Exchange webpage at https://nsavdex.org/#/home

You can visit the NSAV NFT Marketplace website at https://nsavnft.com/

The webpage for the NSAV Premium OTC Crypto Trading Desk is available at https://nsavholdinginc.com/otc-desk/

You can visit the NSAV Hong Kong OTC Crypto Trading Desk website at https://hkotc.co/

You can access the NSAVDEX Exchange Telegram account at https://t.me/NSAVDEXorg

Statements

The safe harbours established by Sections 27A of the Securities Act of 1933, as amended, and 21E of the Securities Exchange Act of 1934 are intended to apply to some forward-looking statements in this press release. Investors are advised that there are risks and uncertainties associated with all forward-looking statements, including without limitation the capacity of Net Savings Link, Inc. to successfully execute its business plan. Although Net Savings Link, Inc. believes that the assumptions supporting the forward-looking statements contained herein are reasonable, there can be no guarantee that any of the assumptions will prove to be incorrect. The inclusion of such information should not be taken as a representation by Net Savings Link, Inc. or any other entity in light of the major uncertainties inherent in the forward-looking statements included here.

Contact

Net Savings Link, Inc.
info@nsavholdinginc.com

Are Upcoming Cryptocurrencies Going to Fall in The Market?

The virtual currency market has experienced several economic crises due to the stock economy. Pessimism and apprehension are spreading throughout the global financial marketplaces. The most arising point is, are upcoming cryptocurrencies going to fall in the market? If you want to make an investment in crypto, go to the best bitcoin trading software.

Crypto will face many downturns as economic analysts think shareholders will soon face a downturn, rising prices, and other banking recessions. Significant cryptocurrencies such as Litecoin keep falling in value. An increasing number of shareholders wish to leave the market.

The lowering of daily transaction quantities and the overarching cryptocurrency market is happening. According to specialists, wage growth fears and provider halts by several cryptocurrency exchanges are the primary causes of the crypto crash. These occurrences have resulted in the creation of weak digital currencies with weak price changes.

Upcoming Cryptocurrencies Going to Fall in the Market

The rapid surge has been dynamite. The proportion of bitcoin investors has been progressively rising worldwide for a long time.

The shareholder profile has shifted. It’s no longer a niche leisure activity in the era of meme equities and stimulation checks. Instead, consumers today have viewed this new investment category as a means of supplementing their investments with possibly more satisfying, albeit potentially risky, assets.

The big investors have trickled into bitcoin in recent years. They have started to alter the industry’s power relationships.

Many cryptocurrencies will fall in the market in the upcoming years—some of them are given below.

The Shiba Inu

Shiba Inu designers have pledged a good prospect with a forthcoming NFT-playing games proposal. Some analysts agree that cryptocurrency will decline.

The Shibu Inu is going to fall in the coming years. Even though luxury clothing companies such as Versace use SHIB for pay-outs, rams continuously disregard SHIB advancements on the system. It is one of the numerous reasons why cryptocurrency’s value is plummeting.

Bitcoin (BTC)

Bitcoin (BTC) is among the most prominent ones in the industry. Its falling prices indicate that BTC would then remain in decline. The Bitcoin price is hovering all around the US$29k milestone. It is looking for some opposition to stop its rapid descent.

Companies are stepping into the industry. Crypto buying, selling, and mining have piqued the interest of government regulators unlike ever before. According to specialists, Bitcoin’s subsequent high explosion was around $15k. It implies that the cryptocurrency could fall even further.

Since the discovery of bitcoin, authorities have done little to restrict or moderate the industry compared to the benefits of traditional outweigh. Bitcoin has been permitted to spread throughout the globe as a distinctive decentralised capital asset.

Sandbox

The sandbox would be a blockchain-based digital environment. The users can create, grow, purchase, and make digital investments as part of games. Sandbox creates a decentralised framework by combining decentralised self-governing organisations and NFTs.

Sandbox is a virtual digital currency. Despite all of its utility companies and real-world utilisation cases, Sandbox will have dropped more than 67% this calendar year. It is predicted to fall further.

Aave

Aave saw a significant price drop. It is dropping nearly 10% during the initial week of August. The overall worth of the AAVE coin was reduced significantly. The cryptocurrency is currently attempting to maintain its 78 EMA. Its dropping wedge trend indicates that its valuation may fall even further.

Binance Coin

Binance coins have been utility marks for the Binance supply chain. These coins are affiliated with the Binance return. It is among the most well-known and helpful distributed ledgers. The coin also boasts a stellar track record. It is an ROI of much more than 300,000% over the nearly five years the company has been operating.

Three major factors have reassured us that Binance Cryptocurrency is about to blow up. The Bitfinex and the Coinbase Chain have continued expanding BNB coin use instances. It ranges from fee income to pinning on DeFi systems. Binance is continuously expanding Binance tokens.

Conclusion

The virtual currencies and traditional markets keep crashing. The crypto market is going to fall in recent years. The crypto markets are exploding. Many cryptos are expected to fall in the upcoming years.