How Hackers Nab $16 Million In BTC Through Bitcoin Wallet Exploit

 

A long-time holder was unfortunately taken for their 1,400 BTC – over $16 million worth of Bitcoin – in a wallet exploit. But how were hackers able to make off with this user’s cryptocurrency? And what can others do to avoid the same situation from happening to them?

Crypto Crime Takes A Bow But Is Just As Active Behind The CurtainDue to the lowered frequency and severity of big crypto exchange hacks compared to the past, Bitcoin-related hacks have since cooled off in the media.Phishing attempts, ransomware, and SIM-card hacks are just three examples of crypto-related crime that isn’t widely covered. 

Nigeria Overtakes the USA in Number of Bitcoin Wallets Downloads

 

 In Nigeria, with the lack of U.S. Dollars and its weakening currency (Naira), companies are relying on bitcoin as a means of settling payments for international transactions.
Nigerians are adopting cryptocurrencies as a large number of wallets downloaded for the cryptocurrency.

Comparing Bitcoin to Stocks

 

  Let’s extend this comparison to stocks so that we can better understand the pros and cons of the two asset classes.

classes.

Chart : Analyze this and see the best anti-inflation system in existence

 

Analyze this chart and see the best anti-inflation system in existence. That was the big reason why ₿itcoin was created and launched in 2009 shortly after the 2008 global financial meltdown.

Remember: they are saying that ₿itcoin is worthless, but behind the scenes they are stealthy buying their precious treasure.

Think long term. ₿

Scam Alert: On a flimsy excuse; Paxful Freezing users account with BTC inside

This happened recently on Reddit and the admin  deleted the post made by one of its uesers

 I managed to read the full message but could not screen-grab it before it was removed by the paxful reddit community manager.  Turns out that Paxful has not changed over the years despite collaborating with one of the biggest exchange worldwide, Binance.

Be prepared, the time is near!

Infenite Brrrr! Get ready, the time is near.

Chinese Authority Freezes Thousands of Cryptocurrency Traders' Bank Accounts

Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and supposedly can be unfrozen if the authority finds no evidence of illicit activities.

Open Letter to Peter Schiff That Claims Bitcoin Has No Intrinsic Value

Peter Schiff is number 1 un-educated person about the meaning of Intrinsic value of Bitcoin. This is why I don't like many uneducated people about BTC.
 

1) Bank Bureaucracy

Many people just don't get it. There was a time you could only send 2 letters per month between you and your parent living abroad. If anyone told your parent that time that one day you would be able to send 40messages per 30 minutes. They would probably think you have gone crazy. That was in the 70s and here we are, I can send 40 messages within 3mins. If the receiver replies, we could have a chat via testing in 5 minutes with over 100 messages.

Bitcoins: The best explanation of why we need bitcoin in single minute.

The best explanation of why we need bitcoin in single minute. pic.twitter.com/nWYdYgFPbL

— Rhythm (@Rhythmtrader) February 5, 2020

BBNB - Acronym for Buy Bitcoins in Nigeria Blog - New Baground Photo

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