What is two factor authentication (2FA)?
What is two factor authentication (2FA)? Two factor authentication, two-steps-verification and 2FA all mean the same thing. It is a method to better secure your account against criminals. Normally speaking you only need a username and password to get access to your account. In case your information fall in the hands of criminals, they will […]
How to secure your account at a broker/exchange?
How to secure your account at a broker/exchange? Many criminals want your cryptocurrency and you should not make it too easy for them to access your account(s). With a cryptocurrency broker or exchange you are always depending on the security of the company itself. There is always a chance that a broker or exchange will […]
What is cryptojacking?
What is cryptojacking? Cryptojacking is cybercrime involving unauthorized access into a victim’s computer and using its resources to mine cryptocurrency. The malware targets a computer’s processing power but not the data. Mining crypto makes use of specialized computers with high-performance processors. Additionally, the process consumes a lot of power. Crafty miners developed cryptojacking malware as […]
What is Ransomware?
What is Ransomware? Crypto-ransomware is a malicious program that destroys files’ contents in the local storage of a computer or mobile device through data encryption to extort money. Once infected, the device displays a vivid alert to create panic and incline them to pay the stated fee. The encrypted files are rendered useless due to […]
What are Privacy Coins?
What are Privacy Coins? Privacy coins are particular types of cryptocurrencies that conceal crucial financial information of its users. Privacy coins hide their users’ identity, the starting point, and the destination of their transactions. They contrast with other traditional cryptocurrencies like Bitcoin in that they have private wallets. With Bitcoin, for instance, anyone can access […]
What is a Rug Pull in Crypto?
What is a Rug Pull in Crypto? The cryptocurrency industry has come a long way with phenomenal growth in the last 11 years. While the industry has brought a lot of good to investors, like any other industry, it has come with it’s own bad. There have been lots of scams, hacks and attacks that […]
What is a Crypto Exit Scam?
What is a Crypto Exit Scam? For the crypto space to thrive, there is a need for new trust worthy projects to emerge continuously. While many of such projects have emerged and more are still coming, there are bad projects among them with the main purpose of scamming investors. One of the ways such projects […]