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This week Robert Koenig explains the difference between private and public keys , addresses and mnemonic phrases. He reports important news: JP Morgan 180 degree change, PayPal starting to get involved in cryptos and a potential decoupling of the Bitcoin price and the US stock exchange.
PayPal allows Bitcoin and crypto spending
JPMorgan’s Dimon says bitcoin ‘is a fraud’
Bitcoin has ‘considerable’ upside, JPMorgan says
Mnemonic Code Converter
Proof of Keys organizer Trace Mayer is spreading the word about Proof of Keys which is now in its second year and challenges Bitcoin HODLers to take control of their funds and stop using trusted third parties.
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Today is the annual Not your keys, not your Crypto day. Are Cryptocurrency exchanges a safe place to keep your Cryptocurrency? In 2019 multiple Cryptocurrency Exchanges hacks meant the loss of millions of dollars. It did not just happen once or twice but many times. You will learn how to keep your Cryptocurrency SAFE and how to avoid getting HACKED!
Proof of Keys Day Web Site
New Zealand Crypto Firm Hacked to Death, Seeks U.S. Bankruptcy
Singapore-Based Crypto Exchange DragonEx Has Been Hacked
Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider Job
Hack Brief: Hackers Stole $40 Million from Binance Cryptocurrency Exchange
Wikipedia – Mt. Gox
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DISCLAIMER: I am not a financial advisor. This is not financial advice. This is my opinion. I am not smarter than you. You are smarter than you realize. Do not trust what I say. Do your own research!
Cryptocurrency involves substantial risk of loss and is not suitable for every investor. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this video be construed as an express or implied promise or guarantee.
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Sharing information on public and private keys that are used in blockchain transactions.
Read the research paper here: https://www.securityevaluators.com/casestudies/ethercombing/
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Ethercombing: Finding Secrets in Popular Places:
In our research we examine how, even when faced with this statistical improbability, ISE discovered 732 private keys as well as their corresponding public keys that committed 49,060 transactions to the Ethereum blockchain. Additionally, we identified 13,319 Ethereum that was transferred to either invalid destination addresses, or wallets derived from weak keys that at the height of the Ethereum market had a combined total value of $18,899,969.
In the process, we discovered that funds from these weak-key addresses are being pilfered and sent to a destination address belonging to an individual or group that is running active campaigns to compromise/gather private keys and obtain these funds. On January 13, 2018, this “blockchainbandit” held a balance of 37,926 ETH valued at $54,343,407.
Director and Producer: Sam Levin
Cinematography: Daniel Regner
Director of Photography: Zak Frederick
Animation: Donald Bomber
Produced by Independent Security Evaluators
In the wake of the annual crypto Proof of Keys Event HITBTC preemptively locks certain customers accounts. During the annual Proof of Keys event crypto HODLERs are urged to withdrawal your crypto from exchanges to ensure the there is no fraudulent activity and that the exchange is actually liquid and has the coins available as deposited. With all the scams and thefts in the crypto market it is always a good idea to keep the majority of your crypto in cold storage offline.
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The content in this video references an opinion and is for information and entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Edited With : Camtasia
XRP Tip Bot $reddit.xrptipbot.com/oakholmen
A quick video on the “Proof of Keys” event that is being hyped. Basically, the plan is that by January 3rd, all cryptos should be removed from crypto exchange wallets and be sent to cold storage wallets and other wallets like Ledger Nano and Trezor. The theory behind it is that the exchanges are actually just selling derivatives and don’t actually hold the cryptocurrencies, like Ripple XRP and Bitcoin. If this were true, they would be insolvent and it could cause a massive crypto market crash.
These videos are for entertainment and are not meant to be any type of financial advice. The opinions expressed in them are strictly based on personal speculation. DON’T should not take my opinion as financial advice, DO your research before investing anywhere.