 QUOTE OF THE DAY  |
| "If you don't believe me or don't get it, I don't have time to try to convince you, sorry." - Satoshi Nakamoto |
Happy Monday! Welcome to the start of a new week, let's make it a great one. By the way, if you find the information in today's newsletter helpful, feel free to share us!
Cheers,
Blockchain Brew Team
| COIN | PRICE | 24H |
|
| BTC | $8,144.034948 | -0.68% |
|
| ETH | $460.826437 | -0.93% |
|
| XRP | $0.448833 | -0.75% |
|
| BCH | $813.239156 | -1.1% |
|
| EOS | $8.139007 | -1.33% |
|
*Information as of 9:30 AM EST
Here is How Hackers Are Stealing Your Crypto
Researchers have found the top methods for stealing cryptocurrencies, here is what to watch out for:
MOBILE APPS
- When downloading cryptocurrency related apps on your phone, ensure that they are the official versions of the application
- Also, you should always use two-factor authentication (2FA) on all apps
MESSAGING BOTS
- Hackers try to defraud investors by mimicking official bots in messaging groups like Slack, Discord, or Telegram
- Always be cautious when clicking any links shared from unofficial sources
- Report any bots that seem suspicious
BROWSER EXTENSIONS
- Using browser extensions when handling cryptocurrencies may leave you vulnerable to theft
- It is best either not to use extensions at all or at least make sure you have some sort of network protection installed
SMS INTERCEPTION
- It is surprisingly easy for a hacker to intercept text messages coming to your phone
- Instead of using text message 2FA, use a service like Google Authenticator
PUBLIC WIFI
- It is never a good idea to trade cryptocurrency on public WiFi
- Hackers are able to sniff requests and responses between your computer and server which may contain login and other personal information
PHISHING SITES
- Phishing sites are websites that mimic cryptocurrency sites trying to lure you into logging in with your real credentials
- Make sure any site you are using is HTTPS verified (usually denoted by a lock icon in the URL bar)
- Bookmark real sites to ensure you don't accidentally end up on a phishing site
Billionaire Investor Praises Bitcoin as Digital Gold
BILL MILLER
- Bill Miller is the founder and chief investment officer for Miller Value Partners
- Miller recently appeared on Bloomberg TV to talk about cryptocurrencies and had some positive things to say about Bitcoin
- He revealed he personally has a significant sum of Bitcoin with an average cost of around $300
TECH EXPERIMENT
- Miller thinks that Bitcoin is "an interesting technological experiment", but is much less of a believer in other altcoins
- He praised Bitcoin's limited supply and emphasized that there are more millionaires in the world than Bitcoin in existence
- Miller also gave the opinion that Bitcoin is becoming less risky as it matures
LIKE GOLD
- In his interview, he likened Bitcoin to gold, as most people do
- Bitcoin, like gold, acts a non-correlated asset to the equity market
- Store of value is not the only use case for Bitcoin, Miller also mentioned that it can be used as a payment system, currency, and a bank asset
Ethereum Founder Vitalik Buterin Suggests ETF Adoption is Overemphasized
BUTERIN'S BELIEFS
- Yesterday, Ethereum Founder Vitalik Buterin shared his thoughts on Twitter that there is too much emphasis on cryptocurrency exchange-traded funds (ETF)
- Instead, Buterin believes there is not enough emphasis on creating mass adoption by allowing people to buy cryptocurrency at a corner store
Buterin's tweet:
STORE OF VALUE VS. CURRENCY
- Buterin's tweet takes aim at a debate that has continued on for years: those who believe cryptocurrencies should be a store of value versus those who believe cryptocurrencies should be a usable currency
- For now, due to volatility and scaling issues, cryptocurrencies aren't a very efficient form of usable currency, thus they are mostly regarded as a speculative asset
- In addition, the cryptocurrency market tends to have low liquidity because a majority of investors would rather hold their crypto than use it for everyday transactions
YOU DECIDE
- Cryptocurrencies do not have to be a store of value entirely or a usable currency entirely, it is possible that they can function as both
- Ultimately (once more businesses accept crypto), it is up to you to decide if you would like to HODL your crypto or if you would like to spend it on everyday transactions
- Fatfish Internet Group: Markets Could ‘Accept’ Bitcoin ETF Within ‘Couple Of Months’
- Korean Government Seeks to Strip Tax Perks From Crypto Exchanges
- IBM, Barclays and Citi Team Up to Launch Blockchain App Store for Banks
Pundi X (NPXS)
"To continue the fever of Bitcoin Summer Fest 2018, we will host our first community meetups in Colombia!"
TRON (TRX)
TRON will launch a Virtual Machine testnet.
0x (ZRX)
Launch of V2 with new features including handling new assets like ERC-721 non-fungible token, tokenized securities, derivatives and more.
Today in Crypto is powered by coinmarketcal.com
| Quantum Resistant Ledger (QRL) |
| Based upon the understanding that popular existing cryptographic signature schemes (such as ECDSA) in the cryptocurrency space are vulnerable to a sufficiently powerful quantum computer running Shor’s algorithm, QRL is addressing what will be a singular threat to the security of cryptocurrency going forward – the inevitability of quantum computing. |
| WEBSITE | | REDDIT |
| The above is not intended to be investment advice. |
| 1317 8th Street SE, Minneapolis, MN 55414. |
| If you don't absolutely love us, drop us, click here. |
| Copyright © 2018 Blockchain Brew, All rights reserved. |
