Day: June 22, 2020

Understanding the Cybersecurity Risk of Bitcoin

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Are you interested in purchasing Bitcoin? If so, it’s essential to understand the potential security risks surrounding it. With cybercriminals ramping up their attacks, cryptocurrency will likely be a target.  Here’s what you need to know. Wallets Carry Risks Cryptocurrency enthusiasts use both hot and cold wallets to store their Bitcoin. A hot wallet has an internet connection, which makes it potentially hackable. You might wake up one morning to find your funds depleted by an infiltrator overnight.  A May 2019 cyberattack on a Binance hot wallet led to a…

Tether Invests in US$10M in Cryptocurrency Lending Rockstars at Celsius – Blockchain News, Opinion, TV and Jobs

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Cryptocurrency Lending Giant Celsius Network is getting US$10M from lead investor – the largest stablecoin issuer Tether – who own 90 per cent market share in the stablecoin sector. Tether is the lead investor in Celsius’ first equity round. The deal is part of a US$30M round which Celsius plans to grow its community and expand the institutional services it provides worldwide. “We have worked with Celsius Network Limited since 2018. We found them to have the same passion and commitment to the crypto community that we have. We look…