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Category: #crypto

  • Nexo: A Reliable and Convenient Crypto Lending Platform

    The rise of cryptocurrencies has led to the emergence of various financial services that cater to individuals and institutions who own these digital assets. One such platform is Nexo, a blockchain-based platform that offers instant cryptocurrency-backed loans and other financial services to its users.
    One of the main features of Nexo is its ability to allow users to borrow against their cryptocurrency assets without the need to sell them. This means that users can access cash without having to part ways with their crypto holdings, providing a more convenient option for those who need quick access to funds. With Nexo, users can receive their loans instantly, making it an attractive option for those who need cash in a hurry.
    Another service offered by Nexo is interest-earning accounts, which allow users to earn interest on their cryptocurrency deposits. This is a great option for those who want to earn passive income on their crypto holdings, as Nexo offers competitive interest rates on a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, XRP, and many others.
    Nexo’s platform is available to users around the world, making it accessible to a wide range of people. The platform supports multiple languages, and their customer support team is available 24/7 to assist users with any questions or concerns they may have.
    One of the things that sets Nexo apart from other cryptocurrency lending platforms is its commitment to high-security standards and transparent business practices. Nexo uses state-of-the-art security measures, such as multi-signature cold storage wallets, to ensure the safety of users’ funds. They are also fully compliant with regulatory requirements, making them a reliable and trustworthy option for those who are looking to use a cryptocurrency lending platform.
    To register on Nexo, simply go to their website and click on the “Sign Up” button. You will be required to provide your email address, create a password, and complete a KYC process by submitting personal information and identity verification documents. Once your account is approved, you can start using Nexo’s services.
    In conclusion, Nexo is a reliable and convenient cryptocurrency lending platform that offers a range of financial services to its users. With its ability to allow users to borrow against their cryptocurrency assets and earn interest on their deposits, Nexo provides a more convenient and accessible option for those who own digital assets. Its commitment to high-security standards and transparent business practices make it a popular choice for those looking for a trustworthy cryptocurrency lending platform.
    Join Nexo and get $25 in BTC! With Nexo you can earn industry-leading interest on your crypto, borrow against your digital assets or exchange between hundreds of market pairs. Sign up here: https://nexo.com/ref/8rz20irzvp?src=android-link

  • Trust Wallet Discloses Vulnerability in Open-Source Library

    Trust Wallet, a cryptocurrency wallet owned by Binance, recently disclosed a WebAssembly vulnerability in an open-source library that affected new wallet addresses generated between November 14 and 23, 2022, by its Browser Extension. The company fixed the vulnerability within one day of verifying the bug bounty report. 
    According to Trust Wallet, the vulnerability was due to a bug in the WebAssembly module that generated public keys for new wallet addresses. The vulnerability could have allowed an attacker to generate a private key for a wallet address that did not belong to them. This means that attackers could potentially gain access to wallets and steal funds.
    Trust Wallet stated that it was not aware of any instances where attackers exploited the vulnerability. However, as a precautionary measure, Trust Wallet urged all users who generated new wallet addresses using the Browser Extension during the affected period to transfer their funds to a new wallet address.
    In addition, Trust Wallet announced that it would reimburse users who lost funds due to this vulnerability. The company reimbursed approximately $170,000 USD worth of cryptocurrency to affected users.
    This incident highlights the importance of open-source libraries and the need for rigorous security measures in cryptocurrency wallets. Trust Wallet’s prompt response to the vulnerability and quick fix of the issue are commendable, as is their commitment to reimbursing affected users.
    Trust Wallet also stated that it will continue to invest in security measures to prevent similar vulnerabilities in the future. It is encouraging to see companies take security seriously and prioritize the safety of their users’ funds.
     Cryptocurrency users should remain vigilant and take necessary precautions to protect their funds, such as using strong passwords and enabling two-factor authentication. It is important to stay informed about potential vulnerabilities and updates to software and to always use trusted and secure platforms for storing and trading cryptocurrencies.

  • Hong Kong Court Recognizes Crypto as Property in Gatecoin Case

    Recently, a Hong Kong court has recognized cryptocurrency as property “capable of being held on trust” in a case involving the defunct crypto exchange Gatecoin. This marks a significant legal recognition of cryptocurrencies as property in the jurisdiction.

    The decision by the court is in line with other common law jurisdictions like the US, where the Internal Revenue Service treats cryptocurrency as property for tax purposes. Additionally, a government-funded law commission in the UK also found that crypto can be classified as a new type of property under existing laws in England and Wales.

    The case involving Gatecoin arose in 2019 when the Hong Kong-based crypto exchange announced its closure and liquidation following an attempt to recover disputed funds from a former payment services provider. The liquidators sought directions from the court on whether the crypto held by Gatecoin should be treated as property held on trust or made available to the general body of creditors if no trust existed.

    The ruling is significant because it provides a legal framework for the treatment of cryptocurrencies in insolvency proceedings and could pave the way for greater legal recognition of crypto assets in Hong Kong. It is a positive development for the cryptocurrency industry, which has been grappling with legal and regulatory uncertainties.

    The recognition of cryptocurrency as property by the Hong Kong court is a welcome development that could have far-reaching implications for the treatment of crypto assets in the country. This ruling provides greater legal clarity and certainty, which is crucial for the growth and development of the cryptocurrency industry.

  • Starbucks Launches NFT Collection

    Starbucks, one of the world’s largest coffee chains, is stepping into the world of non-fungible tokens (NFTs) with its latest release, The First Store Collection. The collection comprises 5,000 NFTs in the form of digital stamps that were launched on the Nifty Gateway platform and minted on the Ethereum scaling network Polygon.
    Priced at $100 each, the NFTs are selling out fast, just like Starbucks’ previous NFT drop in March that sold out within minutes. The purchase of each NFT also earns buyers 1,500 points towards rewards within the Starbucks Odyssey app, launched in 2022.
    The move into NFTs marks Starbucks’ entry into web3 technology, recognizing its potential to tap into new user segments and revenue streams. By integrating NFTs and blockchain technology, Starbucks is creating a new way for customers to engage with the brand and its rewards program.
    The First Store Collection is a tribute to the company’s first-ever store located in Seattle’s Pike Place Market. The NFTs feature original artwork that depicts the iconic storefront and pays homage to Starbucks’ rich history.
    As more and more companies experiment with NFTs, Starbucks’ entry into the market is a significant move that showcases the mainstream adoption of this new technology. With Starbucks leading the way, we can expect more brands to follow suit and explore the endless possibilities of NFTs.

  • Nimiq – The Blockchain Ecosystem for Easy Crypto Payments

    Are you tired of complicated crypto transactions? Look no further than Nimiq – the blockchain ecosystem designed with mass adoption in mind. With Nimiq, buying and selling crypto is as easy as opening a website. No software download, installation, or personal data required. And with 100% non-custodial storage, your keys and your coins are safe and secure.

    But Nimiq offers much more than just easy crypto payments. They’ve invented the fiat-crypto atomic swap, allowing for seamless exchanges between cryptocurrencies like NIM and fiat currencies like EUR. And they’re moving to a Proof-of-Stake consensus algorithm with their Albatross system, improving performance and scalability while reducing environmental impact.

    Nimiq also offers easy staking with a minimum stake of just 1000 NIM. Anyone can become a validator and enjoy rewards of around 6% per year. And their ecosystem apps are designed for people without crypto or tech knowledge, avoiding crypto lingo and providing a decentralized experience with the convenience of modern apps.

    So why not join the Nimiq ecosystem and experience easy, safe, and convenient crypto payments? 

  • Visa, Mastercard and PayPal hasten launch of crypto debit cards

     Why You Should Never Use a Debit Card to Pay for Anything - Clark ...

    Enterprise companies like Mastercard, Visa, and PayPal have shown
    a lot of interest in the crypto card/reward space. With plans to
    partner with many blockchain companies, Visa intends to work with
    licensed and regulated digital currency platforms such as Coinbase
    and Fold and create a bridge between Visa’s network of 61 million
    global merchants and cryptocurrencies. With Wirecard out of the
    picture, Visa quickly jumped in to fill the void of the WirecardCrypto.com partnership and launched the MCO card via
    Crypto.com. 

     In an expansion of its current cryptocurrency program, Mastercard
    is making it easier for companies in the digital currency space to
    issue branded payment cards on Mastercard’s network. Wirex
    became the first native cryptocurrency platform to gain principal
    membership. 
    Soon, PayPal’s 265 million users will be able to buy bitcoin via the
    Venmo mobile payment app which could begin rolling out within the
    next 3 months. 
    The cryptocurrency industry has also been making progress in the
    issuance of cards as well. For example, Binance announced recently
    that its payment card, Binance card, will be coming to Europe in the
    next year. Developing interest in blockchain rewards, last year Nike
    patented CryptoKicks—tokenized shoes on the ethereum
    blockchain—and partnered with Plutus to offer cryptocurrency
    rewards on Nike product purchases

  • Buying bitcoin or other cryptocurrency in Malaysia

    Cryptocurrency - Wikipedia

    So I wanted to break into cryptocurrency investing. On my quest of discovery in the digital space, I’ve found few potential crypto exchange/wallets to buy coins using credit card / debit card.
    Crypto.com - The Best Place to Buy, Sell and Pay with Crypto
    crypto.com was my first place to experiment purchasing crypto. It is an exchange/wallet app which is a perfect fit for new joiners in the crypto world. Recently the 3.5% credit card fee is waived for cryptocurrency purchases for 3 months, sadly withdrawal of tokens to your external wallet comes with a small percentage fee.  
    (P.S. using my referral link and we both get $50 USD)
    One giant leap for Luno | Luno
    Luno.com was my second research purely acting has a wallet which only hodl ETH & BTC only. Currently they only accepts bank transfer and the rate of exchange is so low, you kinda making a lost during the exchange. It was my least favorite method because of the waiting on reloading via bank transfer. 
    (P.S. you get extra RM25 worth of BTC coins when you topup RM250 and buy BTC with my referral link) 
    Bitcoin Exchange | Cryptocurrency Exchange | Binance
    I’ve also tried Binance.com since its also a daily exchange/p2p platform. However there is a withdrawal fee too on their platform if you want to move your tokens onto your external wallets. 
    (P.S. register with my referral link now and you will receive 10% commission when we both do daily trading on binance)
    Crypto Wallet for Everyday Use | Mercuryo
    Lastly a hidden crypto wallet gem called Mercuryo.io. I’ve been using this for multiple purchase and its has the best exchange rate and also its acceptable fees. The best part is moving your tokens in and out from this wallet where the default option of having them paying the gas(ERC-20 transaction fee) for you. 
    Referral_KV-04.png
    Do note that all the above purchase with your local bank credit card will charge RM20 for Cash advance/withdrawal fee. However to a nifty trick I’ve found to by pass this I would recommend loading up your debit card like BigPay to buy crypto without any additional payment fees. 
    (P.S. using my referral code QVYZNCDM8E will get each of us RM10 when signed up)