Finnish peer-to-peer crypto exchange LocalBitcoins has warned users about alleged security risks associated with anonymous browser Tor Browser.
On Sept. 9, transactional compliance expert Richard Bensberg tweeted a screenshot of a LocalBitcoins banner warning Tor users about the risk of losing their Bitcoins (BTC), which stated:
“Warning to all Tor users: A Tor browser exposes you to the risk of having your bitcoins stolen.”
LocalBitcoins then responded to Bensberg, saying that while using Tor Browser is not against its terms of service, it does not recommend it for security reasons. LocalBitcoins did not specify why the browser makes users more vulnerable to theft.
Bensberg criticized the move by the exchange, arguing that Localbitcoins has “really lost the plot” by putting a banner warning against the browsing tool praised for providing privacy and anonymity.
Screenshot of LocalBitcoins warning. Source: Twitter
Tor Browser is the flagship product of the Tor Project, the firm behind the anonymous Tor network. In July 2019, Cointelegraph reported that the Tor Project’s crowdfunding campaign BitcoinForTor reached its $10,000 softcap just 25 hours after launch.
The two-week campaign eventually raised $18,892 in order to support its goals of privacy and freedom online. Tor has many proponents, including famous National Security Agency leaker Edward Snowden.
Meanwhile, LocalBitcoins has seen a notable drop in trading volumes after the exchange abruptly terminated the option for users to perform local cash trades in early June. On June 18, LocalBitcoins continued to tighten policies, introducing four different account tiers within its new verification system, which puts limits for selling Bitcoin and posting ads on its platform.
If reproduced, please indicate the source: https://www.uucj.net/tor-browser-users-at-risk-of-losing-their-bitcoins/
Another week, another round of Crypto Tidbits. Save for the Bitcoin price bump at the start of the week, the past seven days have been relatively mild for the cryptocurrency markets, with volatility remaining to a minimum. Per data from Coin360, BTC is up 10% in the past week, and altcoins, namely Ethereum, Litecoin, and EOS have strongly outperformed the market leader. The price action was underscored by strong fundamental developments, namely the fact that the Bitcoin hashtag got its own emoji on Twitter. Related Reading: Crypto Tidbits: Elon Musk Talks Bitcoin, Ripple IPO Coming, Facebook’s Blockchain Loses Another Member Bitcoin & Crypto Tidbits Bitcoin Gets Its Own Emoji On Twitter: On Saturday night, Twitter bequeathed on us a gift: the Bitcoin hashtag now has its own emoji. To use the emoji, all you need to do it enter the hashtag of “Bitcoin,” and the emoji will magically appear on your screen. Bitcoin joins other hashtags with their own emojis, including #metoo. While it isn’t clear who ordered the addition of this tag, Twitter’s CEO, Jack Dorsey, has long been an outspoken…Feb 3, 2020
Dec 08, 2019 at 11:58 // News The blockchain and distributed ledger technology (DLT) can revolutionize the art market, expanding the market even to small investors and allowing the value of a work to increase through simple changes of ownership. Let’s delve into how this system operates. Because the works of art can be tokenized, with advantages for collectors and the paintings themselves, which will increase in value: through blockchain it is possible to expand the market, traditionally very closed, opening it also to small gallery owners who can thus own shares of a famous painting. The first experiment in this sense is from 2018, with a work by Andy Warhol. The Era of Tokenization The art market is a closed, selective souk, in which only large investors in the sector, gallery owners and a few privileged collectors with huge liquidity operated until yesterday. Today, however, people are living in a reality where all information, good or value, whatever its nature, can be converted into a cryptocurrency and exchanged on global digital systems with extreme ease and security. Tokenizing a…Dec 8, 2019
Wolfs Group OÜ, a European consulting company that specializes in various strategic industries investing, announces the launch of its IEO. The first two rounds of tokens initial placement will be held on Coinsbit exchange on January 11-17, 2020. About Wolfs Group OÜ Wolfs Group OÜ is not a startup, but a well-established group of companies listed on the stock market and licensed by local regulators. Unlike other blockchain projects, Wolfs Group has long been active in the market, using a mixed investment model — the company specializes in both private and venture capital. Wolfs Group is located in Estonia, which is strategically important for it — the company plans to expand to foreign markets far beyond the EU. The location in Estonia guarantees investors legal transparency, financial security, and access to the global investment market. Estonia does not limit cryptocurrency investments in any way, which, coupled with friendly legislation, a favorable business tax policy and low operating costs, makes the country an ideal place for conducting cryptocurrency transactions of any scale. The purpose of Wolfs Group IEO, and what the…Dec 24, 2019
Bitcoin (BTC) dropped to within $15 of $6,500 on Nov. 25 after another day of significant losses obliterated previous support levels. Cryptocurrency market daily overview. Source: Coin360 Bitcoin comes within an inch of $6,500 Data from Coin360 shows BTC/USD bouncing off the significant $6,500 barrier, having fallen 7% in the past 24 hours. The cryptocurrency’s weekly downturn currently stands at more than 20% versus the same point last week, while monthly, investors have taken a 30% hit on holdings. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Bitcoin seven-day price chart. Source: Coin360 As Cointelegraph reported, current moves are essential in deciding whether bulls have a chance of preserving influence. If not, little remains in the way of Bitcoin dropping as low as $2,500. Commentators will be keenly eyeing $6,500 in particular, as this figure represents the assumed cut-off point for miner profitability. Previously, analysts had claimed miners would defend that price should Bitcoin fall within its range. At press time, that theory appeared to hold, with an upwards reversal taking Bitcoin to $6,700. As an indicator of…Nov 25, 2019
Notable crypto educator and investor, Robert Beadles (commonly known as Crypto Beadles), has added further fuel to his educational quest with the release of a new book which seeks to induct beginners into the world of Bitcoin, blockchain and cryptocurrency based upon the knowledge he has acquired during his time in the space. The Bitcoin and Blockchain Booklet: The Beginner’s Guide to Getting Started with Cryptocurrency is just the latest giving back initiative, which the California-based entrepreneur has become well known for, and provides a much welcome counterbalance to a crypto influencer space, which has received its fair share of criticism over the past few years. This was highlighted just recently amidst the temporary crypto-influencer purge on YouTube, where certain crypto influencers were accused of being in the space solely for the money rather than the technology itself. This is why getting to know Robert’s backstory is a fitting place to start before delving into his latest book. Robert’s story is very much one of rags to riches. At the age of 17, he began working in construction as a…Jan 6, 2020
As the BTC/USD quotation updated the lowest level since May of this year, institutional investors were in a rush to benefit from the cheap Bitcoin price. On Bakkt, the trading volume of Bitcoin futures surged to $47 million on Wednesday. Bakkt’s Surging Volume Suggest Investors’ Interest in Cheap Bitcoin Crypto analysts have voiced various predictions in the medium and long-term, but there is a consensus that Bitcoin will be worth much more after the halving event. Considering this, it is natural that investors will target the lowest possible price to enter the market. The king of crypto touched the lowest level in over seven months yesterday, to $6,540, according to Coinmarketcap data. Thus, institutional investors were in a rush open long positions at that point. On Bakkt, the Bitcoin futures exchange platform operated by NYSE parent Intercontinental Exchange (ICE), trading volume has been increasing for the fourth consecutive day. The Twitter bot that tracks Bakkt volume showed that investors traded $47.3 million worth of Bitcoin futures contracts yesterday. Indeed, this is a great opportunity to get Bitcoin at discount prices…Dec 19, 2019
It is clear to see that momentum in the crypto industry is all coming from China at the moment. While the US is still fumbling with regulatory uncertainty, the red dragon is forging ahead with its own crypto and blockchain plans for a digital future. Get Into Crypto or Lose Out The US is in danger of falling behind as the race for crypto and digital supremacy heats up. A number of nations, mostly in Asia, have started research and development on their own central bank cryptocurrencies. The US meanwhile is in danger of getting left behind if it refuses to transition to the digital world. Galaxy Digital founder and hedge fund manager Mike Novogratz stated that the US will lose the crypto and fintech race, and with it the reserve currency status; “And if we don’t transition to a digital world that will change. We are way behind on a crypto USD. China is coming. And coming fast. They are way ahead in fintech. Their President just publicly claimed his support to all things blockchain. We risk losing our…Nov 12, 2019
Ripple price is down 5% and it broke the key $0.2420 support area against the US dollar. The price tagged the $0.2350 support area and it is currently correcting higher. There is a new bearish trend line forming with resistance near $0.2450 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains at a risk of more losses as long as it is below $0.2580. Ripple price is now trading below key supports against the US Dollar and bitcoin. XRP price might continue to face sellers near the $0.2480 and $0.2500 resistance levels. Ripple Price Analysis In the past three sessions, there was a sharp decline in bitcoin price below the $7,800 support, resulting in a downward push in ripple and Ethereum against the US Dollar. XRP/USD failed to stay above the $0.2450 and $0.2420 support levels, and declined heavily. Moreover, the price broke the $0.2400 support area and settled well below the 100 hourly simple moving average. Finally, the price tested the $0.2350 support area and a low was formed near $0.2347. Recently, the…Nov 22, 2019
Another FAANG company has its sights on financial services — this time it’s Google, as Forbes reported on Nov. 16, polemically claiming this could “kill Bitcoin.” In an interview with the Wall Street Journal last week, Google had revealed plans — devised under a project code-named Cache — to launch consumer checking accounts in partnership with Citigroup. Lessons “learned” For cryptocurrency veterans, the inauspicious history of Google’s choice of banking partner will not go unremarked: on the eve of the 2008 global financial crisis, Citigroup CEO Chuck Prince was still telling journalists that “as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” The ailing, sprawling titan Citigroup would be revealed as an institution with one of the most toxic balance sheets in the industry: “by the summer of 2007, Citigroup alone was guaranteed $92.7 billion in ABCP [asset-backed commercial paper], enough to wipe out its entire Tier 1 capital,” as the historian Adam Tooze has noted in his history of the crisis. Bailing out Citi — and salvaging the wider, ailing and…Nov 19, 2019
Blockchain researchers at online brokerage eToro have argued that Facebook should look to support third-party stablecoins, not Libra. According to a Nov. 28 report from Finextra, eToro’s blockchain research unit eToroX Labs believes that while Facebook’s crypto project offers a “trailblazing opportunity” to disrupt financial services worldwide, the social media giant needs to change its strategy to assure success. Facebook should focus on wallet infrastructure Distrust and forceful opposition have plagued Facebook’s project since its inception — prompting American politicians to recast Libra derisively as “ZuckBucks.” Yet eToroX Labs’ researchers argue that there is still something to fight for in realizing the company’s ambitious aim of embedding a peer-to-peer payment network that could purportedly improve financial inclusion globally. Facebook could solve its problems by delegating asset issuance to regulated third-party partners, they say. According to eToro, independent, multiple fiat-backed stablecoins would remove the task of currency control from Facebook, which could instead focus on building its Calibra wallet infrastructure and rolling it out for the estimated 2.7 billion users worldwide across its platforms. EToro is itself notably an issuer of…Nov 28, 2019