Author: misamaliraza94
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Interest Rates & Platform Tokens
In a separate article about earning passive income we explained how interest rates are set in traditional banking – via a central bank. Crypto doesn’t have a central bank, instead rates are determined by demand. CEFI providers loan out deposited funds charging interest; the greater the demand for borrowing the greater the interest for savers. This is…
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Introducing the CEFI Model
CEFI essentially takes familiar elements of retail banking and applies them to cryptocurrency. This element of familiarity means that CEFI is suited to those crypto users who are risk averse and want to earn passive income. CEFI isn’t however, without risk, as we’ll explain. Things CEFI has in common with traditional banking: You can earn…
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Crypto banking – Get started with CEFI
What you’ll learn: What is crypto banking: CEFI vs DEFI. The CEFI model vs traditional banking. Popular CEFI providers. Get started with CEFI earning crypto interest or taking a crypto loan The crypto ecosystem is evolving rapidly, with new services being created that enable you to do more with the cryptocurrency than just holding it.…
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Where Can I Spend Crypto?
You can’t use cryptocurrency directly on Amazon, but you can use a service that accepts bitcoin as an intermediary, called Purse.io, illustrating that innovation is happening. Amazon may offer it in time, but here’s a list of big recognisable brands accepting cryptocurrency right now Express VPN – One of the world’s most popular VPN services Amazon via…
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Spending Bitcoin via the Lightning Network
Bitcoin has proven an effective store of value, but it isn’t suited to small, time sensitive transactions. The Lightning Network, however, can enable fast and instant transactions, utilising Bitcoin blockchain. You can see the growing list of sites that accept Lighting here. We’ve a separate articles on how to use the Lightning Network and how it solves Bitcoin’s…
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Crypto backed debit cards
Paxful Binance Coinbase Other services work like a regular debit or prepaid card, giving you cash back in crypto on regular Visa purchases. Crypto.com is one of the leading examples of this, with rewards paid their own token – CRO. There are services, such as Nexo, that issue a loan for every purchase, which can be paid off in…
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Why retailers and services might choose to offer cryptocurrency
Given the distinction between coins and tokens, it shouldn’t be a surprise to learn that most of the cryptocurrency tokens out there aren’t widely used outside of trading or their specific blockchain ecosystem. Even though cryptocurrencies that are intended to be used as money, they face a challenge in convincing merchants to incorporate them as…
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How & where to spend crypto
What you’ll learn How different cryptocurrencies are created for specific purposes Why retailers & services might choose to offer cryptocurrency The most common things you currently spend cryptocurrency on A list of the most popular websites & services accepting cryptocurrency right now Cryptocurrency is a new form of internet money with properties that suggest it…
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SMS Hijacking
Having just encouraged the use of 2FA as standard for custodial services, we now have to warn that choosing SMS as the 2FA can create a serious vulnerability via SMS hijacking. If attackers know your mobile number and provider, and have harvested personal information from OSINT, they can impersonate you with your Mobile Service Provider…
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Brute Force Attack
It’s one of the oldest and most obvious techniques for trying to steal someone’s password, running a software that churns through password options. This can be used in conjunction with information known about the user from OSINT – Open Source Intelligence. The best way to mitigate this kind of threat is to use two-factor authentication…