Ripple, one of the best know blockchain startups, announced on Wednesday plans to invest $25 million of its own XRP currency into Blockchain Capital, a firm wholly dedicated to the blockchain environment.Ripple Puts $25 Million in Fund to Develop Blockchain StartupsBlockchain Capital Parallel IV, LP is the first fund to take capital in the form of cryptocurrency as well as one of the first dedicated solely to the development of blockchain based startups.Ripple which owns 60 billion of the 100 billion XRP coins has added it’s $25 million to the $150 million fund managed by Blockchain Capital to be invested in entrepreneurial enterprises which can find additional uses for Ripple’s blockchain technology.Chief market strategist at Ripple, Cory Johnson, told CNBC in an interview on Wednesday “There’s money sitting there to be used. We want smart people and smart entrepreneurs, who can solve a problem using XRP,”Currently, Ripple’s technology is mostly being used to allow real-time transaction settlements for banks. The company has announced partnerships with many of the major money transfer companies in the US, including MoneyGram and Western Union.Fund to Drive Blockchain EntrepreneurshipJohnson has compared the future of Blockchain technology to what was built off of the iPhone’s software, which has become the base for some of the most successful startups in the world.“When I got my iPhone I did not think the killer app would be Uber, the most valuable private company in the world … I don’t know what the best use of XRP is going to be, and I hope it’s something we can’t even think of.”Ripple is aiming at seeing that same kind of relationship happening between their established technology and entrepreneurs who can use it to build companies with funding from the Blockchain Capital fund.Johnson concedes in the CNBC interview that if the next breakthrough startup is using XRP that it’s going to boost the company valuation. “If somebody starts the next Uber, or Instagram or Salesforce using XRP, that would be great for us,” Johnson said.Co-founder and managing partner of Blockchain Capital Bart Stephens was quoted on Ripple’s website saying;“As pioneers in the blockchain sector, we have been on the frontlines and in the trenches with our portfolio companies, like Ripple, building a new crypto ecosystem. There are entire verticals — such as healthcare or identity management — that could benefit from blockchain or distributed ledger technology.” Ripples cryptocurrency XRP which hit $3.84 in January but has dropped to around $.53 with the market correction since the beginning of the new year got a 1% bump from the announcement on Wednesday according to Coinmarketcap.com.
Cryptocurrencies have come to change the way we see, and interact with, money forever. The idea that there could be a form of transaction where everyone is their own bank is something interesting. That there is a piece of technology behind it that doesn’t require the oversight of anyone else is also laudable. However, no good thing is without its flaws.
Cryptocurrency hacks and breaches are not uncommon globally. The very fact that every transaction is anonymous makes this a darkling of hackers. After all, they can now steal from people without the fear of their names ever showing up on the transaction sheet.
So that you do not fall into the traps of these hackers and scammers, here are some best practices with cryptocurrency.
1 Too Good to be True?
The crypto market enjoys some volatility which allows traders to take profits – big profits even – faster than investment in some other instruments would have provided. However, there is a cap to how much profits can be enjoyed – and there are swings that could wipe out entire profits and even capital.
However, some scammers leverage the volatility of these cryptos to announce high yield investment programs to the public. While they might fake being operative for a while, they will usually close out soon and take all the money with them.
If it is not a licensed body, and it looks too good to be true, it probably is.
2 Secure your Account
When we talk about securing a cryptocurrency account, there are a lot of things to it.
- Strong passwords – your crypto wallets, exchanges, and accounts are not testing grounds for poor passwords. Where you can, use random password generators to come up with reliable passwords for your accounts.
- Set up 2FA – so that you can get that extra layer of security on your accounts. This way, only your password is not enough to get into your accounts.
- Keep private keys safe – your private keys can be used to access your account even when the hacker does not have your password or username. As a rule, never store your private keys online – seeing as they could be accessed there easily.
- Check for activity – some crypto accounts will notify you of recent activities on your account. This could be anything from an attempted login to a successful one. Review this periodically to know if someone is trying to game your system
- Use secure email – since updates on your account will be sent to your email address, consider using a secure email service. You can search for these and get the best ones that appeal to your needs the more.
- Beware of wallets/ extensions – an entrepreneur lost all his cryptocurrency holdings because he trusted a malicious wallet extension that looked like the real deal. Perform your due diligence before downloading or trusting any crypto service so that you are sure they are who they say they are.
3 Secure your Network
Besides securing your account, you also have to secure your internet connection. It is now possible to snoop on internet data to uncover password information, hijack conversations, and more.
- Forget public Wi-Fi – public Wi-Fi networks are a menace to internet security due to their lack of encryption. Never do anything sensitive on such networks. If possible, refrain from connecting to them altogether.
- Encrypt your connection – you don’t have to be a tech expert to do this. Try buying a VPN and layering all of your internet connection over it. This could also be a workable solution to using free/ public Wi-Fi without fear of hackers looking to steal your data.
- Modify router settings – when at home/ using a router, change the default password on the router to something more secure. Likewise, change the name of the router so that hackers do not know what kind of hardware you are running. That could make their hacking process easier otherwise.
Staying safe in the crypto world is a resistibility of everyone and anyone holding some coins – no matter which one. While you can get a lot out of cryptocurrencies, depending on why you are interested, that would only be possible if you have stayed on the safer side for long.
Image from Unsplash.com
Blockchain innovator SIMBA Chain today announced the availability of its Smart Contract as a Service (SCaaS) platform on Microsoft AppSource, an online cloud marketplace providing tailored line-of-business solutions. With its low code and drag-and-drop approach, SIMBA Chain’s cloud-based blockchain platform democratizes distributed application (dapp) design, development, and deployment, providing a powerful business enabler that was previously the domain of elite developers with deep coding experience. By using the SIMBA Chain SCaaS platform, individuals with little or no coding experience can quickly create dapps for iOS, Android, and the web to solve a range of operational and mission-critical challenges that require secure, immutable data transmission, storage, and tracking.
Joel Neidig, CEO and co-founder of SIMBA Chain observed that inclusion on Microsoft AppSource supports “do-it-yourself” developers intent on prototyping and experimentation, as well as experienced developers who can use the platform to scale complex, enterprise-wide blockchains. “Our platform is so simple, intuitive, and fast that literally anyone with an idea can create a blockchain dapp. With the increased visibility and accessibility afforded by Microsoft AppSource, we hope to engage and motivate new users to design and test dapps for specific use cases,” Neidig continued. “Ultimately, we want empowered analysts—individuals with deep expertise in a specific industry who have an intuitive understanding of technology—to experiment with blockchain and unleash the next wave of digital transformation.”
Toby Bowers, General Manager, Business Applications Group, Microsoft Corp. said, “We’re happy to welcome the SIMBA Chain SCaaS platform to Microsoft AppSource, which gives our partners great exposure to cloud customers around the globe. Microsoft AppSource offers partner solutions such as the Simba Chain platform to help customers meet their needs faster.”
About SIMBA Chain, Inc.
Headquartered in South Bend, Indiana, SIMBA Chain is a Microsoft independent software vendor. Its SCaaS blockchain platform runs on the Microsoft Azure cloud computing platform, and the solution supports Ethereum, Quorum, RSK, Stellar, Hyperledger, and other blockchain protocols.
In the recent past, various eye-opening revelations have been made about spying by government and private organizations. As a result, there has been a growing interest in how people can keep their communications private. After all, nobody likes to have his or her private conversations being snooped on.
Why Digital Privacy Matters So Much
Today, most people have their lives connected to their digital identities. With just a few keystrokes, hackers could empty your bank account and take measures that destroy your lives and the lives of those around you. Today, keeping your private communications is not simply a matter of philosophy; it is about guarding your livelihood. There are numerous examples of people who have their finances ruined because their private details leaked online.
How to Preserve Privacy
Today, there are various options for preserving privacy. For instance, you can opt to use a messaging service that offers end-to-end encryption. There are encrypted email services that allow you to send and receive encrypted emails to your friends and business partners. In general, there are numerous platforms and tools online to help you protect your privacy. It is especially important when you are sending sensitive documents with personal details.
Using Encrypted Phones
The problem with using encrypted apps and platforms is that communications still take place over an unsecured phone. As a result, even when those snooping on you cannot access these services, they can still access the phone itself and discover private details about you.
It is the reason why people seeking more protection are turning to encrypted phones. Cryptophones, as secure encrypted phones are called, offer a high degree of privacy protection compared to using individual apps. The pones use high-grade encryption to protect every aspect of the phone.
Consequently, those trying to gain access to any secure information will fail. Another benefit of these phones is that they encrypt voice communications between the two parties using the phones. The result is that anyone can discuss sensitive information on air without the fear that their information is visible to third parties, who might have malicious intent.
How to Pick a Secured Encrypted Phone
Besides communication, a modern Cryptophone should enable you to conduct financial transactions anonymously. You should thus go for a phone with full cryptocurrency supports. Cryptocurrencies ensure that your financial transactions do not go through a central hub, where they can be tracked.
Another you should look for is protection from GMS and GPS location tracking and IMSI catcher. The feature ensures that not only is your digital footprint protected but your physical movements also remain private.
A good example of a cryptophone that secures your privacy is the secure, encrypted Ano Phone from Germany. The phone is fitted with a protected Android OS that eliminates the risky backdoor APIs and Google library with tracking services. It arrives with a mobile-first secure private VPN service, and a firewall. It ensures all your private details remain protected at all times. The phone also brings support for cryptocurrencies and other payment options in favor of discerning customers. In recent comparisons and longterm tests, Ano Phone encryption on the hardware disk and the communication with end-to-end have been confirmed. In addition to the high-level security layer, it takes care of the OS performance, not slowing down though meeting the high encryption requirement and saving your battery with VPN running without leaks or interruptions.
Another option is the EMP line of phones from Canada. These phones also offer encrypted storage as well as secure voice and text communication. Other features included in the phone are secure call history protection, dynamic key generation after each call with same phone, and the lack of a central key management system. The device protects the data on the disk by software encryption. The product is not optimized for VPN usage for longterm but compatible for VPN on Wireless Lan without mobile data connections. By customer support, additional end-to-end communication tools can be purchased.
Besides, we found a lot of bad apples on the market with different brand names that still offer Google and Blackberry devices with built-in backdoors. Features like remote access, remote wipe, enrollment or distribution let you give up control to the provider, put privacy at risk and are a red flag.
In general, if your line of work entails handling sensitive communications over the internet, it is important to protect yourself. You never know what malicious actor could be dropping in on your calls. Cryptophones are also great for anyone who values their privacy and who wants to stay safe amidst the growing digitization of everyday life and the growth in cybercrime, especially identity theft.
Campaign 1: Small Amount of Holding WGRT
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To receive your WGRT earnings, at the time of distribution your OKEX account must:
* Be in good standing and cannot be closed or frozen
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Campaign 2: Kol Hodl Rewards Campaign
Campaign Period: Any 3 days during 18:00 UTC on August 15, 2020 to 17:59 UTC on August 22, 2020
How to Receive Rewards:
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2. Leave your address of OKEx in Comments #Kol hodl
3. Hold at least 5000,000WGRT at the 3 daily snapshots
4. WGRT balance snapshots will be taken at 3 random times each day by Exchange
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Terms & Conditions
1. Promotion Period: 14 days – 18:00 UTC on August 15th, 2020 to 17:59 UTC on August 22, 2020
2. To be eligible for rewards, you must hold at least 10,000WGRT in your OKEx account during at least one of the balance snapshots throughout the promotion period. The more WGRT you hold, the more prize you can get.
3. Rewards will be distributed proportionately for participants based on their WGRT balance.
4. Rewards will be distributed within 1 weeks after the promotion ends on August 30
5. We are unable to distribute rewards or airdrops to customer accounts that are frozen, closed, or based out of a country in our prohibited countries list. For further details, please refer to our User Agreement.
6. If we determine that an individual has used multiple accounts in order to win multiple prizes, we will distribute only one reward to that individual.
A few days ago, HyperPay wallet introduced TSS (Threshold Signature Scheme) advanced cryptography technology, and was the first to implement it in HSM (Hardware Security Module). HyperPay has fully implemented the ECDSA TSS solution and applied it in HSM. Through the encrypted interaction of multiple HSMs, the final signature is jointly calculated, which saves the on-chain multi-signature fees and avoids the on-chain multi-signature loopholes. It is the first time in the industry that combines TSS and HSM technologies to create the highest security level of off-chain products and wallet. HyperPay will maintain the unremitting pursuit of security technology in the subsequent business development, and maintain the security of the business operating environment.
Digital assets, a form of currency based on computer information technology, came into being due to the development of modern information technology and application. It improves transaction security because of its characteristics such as traceability, anti-counterfeiting, and anti-tampering, and has developed rapidly based on the government-encouraged blockchain technology.
However, the security accidents of blockchain digital assets are on the rise, caused by miscellaneous reasons, so the management and security problems of large assets have become the enduring focus in the industry.
Since the underlying logic of the public chain and smart contract may have loopholes, hackers may be lurking in them, waiting to steal the assets on the chain. Once the assets on the chain are stolen, the possibility of recovery is small, and it is clear that using multi-signature to protect the security of assets can no longer kept up with the needs of technological iteration.
New Direction of Asset Security Technology – TSS (Threshold Signature Scheme)
Threshold signature is a distributed multi-party signature protocol, including distributed private key generation, signature and verification algorithms. In recent years, with the rapid development of blockchain technology, signature algorithms have gained widespread attention in academic research and commercial applications, especially in the dimensions of security, ease of use, scalability, and distributability.
Because of the close and important connection between blockchain technology and signature algorithms, the development and the introduction of new paradigms of signature algorithms will directly affect the characteristics and efficiency of blockchain networks. In addition, the private key management needs of institutions and personal accounts inspired by distributed ledgers have also hastened the birth of many wallet applications, and this change has even spread to traditional enterprises.
Whether in blockchain or traditional financial institutions, threshold signature schemes can bring security and privacy improvements in a variety of scenarios. As an emerging technology, threshold signatures are still under academic research and implementation discussions. Among them, there are still unverified security risks and inconveniences.
Notes: Hardware Security Module is a computer hardware device used to protect and manage the digital private key for a strong authentication system and provide related cryptographic operations. Hardware Security Module is generally directly connected to a computer or network server in the form of an expansion card or an external device.
Traditionally, multi-signature technology is achieved based on the blockchain, such as Bitcoin-based native multi-signature (OP_MULTISIG) and Ethereum smart contract-based multi-signature. Those are implemented through the rules of the blockchain itself. Multiple signatures are combined together and put into the transaction body, and when the node receives the signature, it will verify whether all the signatures are successful through the corresponding public key. Only when all (that reaches the threshold) being successfully verified are considered the transaction is legal.
Then the TSS technology was first proposed in the cryptography field at the end of the 20th century. It progressed slowly, and due to the small demand for threshold cryptography at that time, there was no major breakthrough around 2017. There were many algorithms based on two-party TSS (ie 2-2 multi-signature), but were low-performance and impractical.
The Real Development of TSS
In recent couple of years, with the rapid development of blockchain technology, the significant increase of DeFi market value, this decentralization technology has been paid attention to by mainstream cryptographers again, the research on TSS technology based on ECDSA algorithm especially active. Israeli cryptographer Yehuda Lindell proposed fast 2-party TSS in 2017, and improved to fast n-party TSS in 2019; at the same time, Gennaro on behalf also proposed another n-party TSS in 2019 which has basically the same experimental performance as the former.
What differs TSS technology from traditional multi-signature on the chain is that TSS can be regarded as off-chain multi-signature. There is only one private key on the chain, and the single private key is dispersed into n components through cryptography. When signing, the final signature is jointly calculated through multi-party interaction, and this signature can pass the verification of the corresponding single public key. It is called MPC (multi-party computing) technology.
SID Display Week, the most influential tradeshow for the global display community, presented the first ever virtual show on August 3, 2020. BOE showed a slew of its innovative display technologies and applications such as printing OLED, flexible display, Mini LED, BD Cell, and reflective LCD display in mind-blowing videos, exposing global visitors to the charm of leading-edge technologies.
Mini LED stood out as one of the most sought-after technologies at Display Week 2020. BOE exhibited its 75-inch 8K and 27-inch 4K Mini LED products. The use of glass-based Mini-LED backlight and High Dynamic Range (HDR) technology helps to improve display effect significantly, enabling a brightness level of up to 1,500 nits and a contrast ratio of 1,000,000:1. The exceptional color performance gave the visitors an stunning visual experience.
BOE’s BD Cell display, recognized as Display of the Year 2020 by the Society for Information Display (SID), also appeared at the virtual event, as a brand-new breakthrough in display technology. BOE showcased a series of such products such as 110-inch 8K BD Cell display, 75-inch 8K BD Cell display, 98-inch 4K BD Cell display, and 3.5-inch BD Cell display for VR headsets. BOE’s BD Cell displays feature pixel-level ultra-fine light control, an ultra-high contrast ratio of up to million-level, and 12-bit color depth, which makes it possible to present perfect lifelike images. In addition to high-end TV products, BOE’s BD Cell technology will also be applied to monitors, vehicles, wearables and other products.
BOE also presented the world’s first 55-inch 8K printing OLED display at Display Week 2020. It is made using the world’s leading RGB printing technology and Oxide processes, which enables the perfect presentation of 8K images. This represents a major direction of development for large-sized OLED displays. BOE has also launched 14-inch, 17-inch, and 30-inch products to advance the development of printing OLED.
Moreover, BOE brought to visitors its flexible AMOLED displays that can be folded, bent and rolled up, showing them the unlimited potential of flexible displays. A laptop display with a refresh rate up to 360Hz, fully meet user requirements of playing games or watching videos. Reflective displays can be applied to e-books, tablets, bus stop signs, outdoor displays, etc., bringing people a healthier and more eco-friendly display solution.