Why has Ukraine become a haven for cryptocurrency exchange cyber criminals?

Colleagues, wowex.online, swapex.net, moneycraft.info, myexchanger.lv, iconvex.net and likechange.biz were all found to be fraudulent crypto exchanges by Ukrainian officials. This actions comes in the wake of the UPbit exchange being raided by South Korean officials who suspected fraud. By contrast, the Exmo, Kuna and BTC Trade UA cryptocurrency exchanges also based in Ukraine are believed to be authentic and legitimate. Bottom line: What are the warning signs that a trader or investor should look at before engaging with a cryptocurrency exchange? Cryptocurrency Academy recommends: 1) The level of government regulation and oversight, 2) References from credible users of the exchange, 3) Past history of fraud or suspected fraud within the country where the exchange is based, and 4) Contact government regulators and/or police to determine is there have been complaints against the exchange in question. Share a comment visit us today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/) 

Will the spread of cryptojacking lead to stricter cryptocurrency regulations?

Colleagues, cryptojacking is the practice of accessing unwitting users’ processing power in order to mine cryptocurrency for the gain of the attacker. The 16 recently arrested by Japanese officials in the Monero cryptojacking case purportedly only stole 70 percent of the cryptocurrency mined, with the remaining 30 going to Coinhive. South Korea, the world’s third largest cryptocurrency market, indicated it will follow cryptocurrency regulations imposed by the international financial community, including the Financial Action Task Force (FATF). G20 nations need to prevent, or at least mitigate, criminals and large-scale crime syndicates from using cryptocurrencies to finance illicit trade (including drug and money laundering transactions). Bottom line: Will rampant cryptojacking undermining the global crypto mining business? Visit us today and share a comment! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/) 

Can the EOS Blockchain Live Up to its High Expectations?

Colleagues, EOS Blockchain is a decentralized operating system which can support industrial-scale decentralized apps (DAPPs). It is based upon open source free software. EOS makes to primary claims: First, the ability to conduct millions of transactions per second. And second, the elimination of transaction fees.  Developed by Block.one will allow developers to build DAPPs through smart contracts. The firm states that it will invest $1B to build out the EOS ecosystem. Reading between the tea leaves, this commitment and related goals would appears to position EOS as a next gen Internet … complete with apps, used by institutions and consumers alike, and span a number of industries. These are lofty aspirations indeed. Bottom line: Can EOS meet or exceed expectations? The answer will likely not be known for at least 3-5+ years. Visit us today and share your assessment! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)  

Cryptocurrencies: An Ever-Increasing Target for Cyber Crime – The Monero 5% Heist is the Latest Example

Colleagues, Monero is by no means a tier 1 cryptocurrency. According to Satoshi Pulse it ranks 14^th in cryptocurrency market cap worldwide. However, the recent theft of some 5% of the currency’s value at the hands of so-called “malicious miners” once again exposes the vulnerabilities cryptocurrencies need to resolve. Key cybercrime targets in the cryptocurrency world include ICO, mining, exchanges, wallets and the underlying Blockchain. Cyber criminals undoubtedly will probe very component of the crypto ecosystem to find the weakest links. Now that we have entered the era of quantum computing-based cybercrime security is of tantamount importance to the mass adoption of cryptocurrencies.  Post a comment and visit us today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com) 

Does the combination of Cryptocurrencies plus Blockchain represent a new era of energy grid management?

Colleagues, Walmart’s new patent entitled “Managing Demand on an Electrical Grid Using a Publicly Distributed Transaction Ledger” may be the next move toward national and region energy grids running on Blockchain technology. In this approach energy producers and consumers would conduct transactions using cryptocurrencies. Under this patent the total amount of cryptocurrency available to purchase units of energy from an energy provider. Micro grids comprised of local residential or commercial entities could use a Blockchain distributed ledger to build a network of energy-consuming devices. Each device would be allocated a set amount of Bitcoin or another cryptocurrency used to purchase energy from the utility provider over a set billing period. When an individual network uses less than its allocated energy consumption, it can be structured to share it with another network. In 2018 LO3 an energy trade startup began testing this with the Brooklyn Micro grid pilot program. And Australia-based startup Power Ledger is building a platform that allows users to buy and sell solar electricity in real time. Bottom line: Could Blockchain enabled micro grids using cryptocurrencies as their method of payment represent a viable method for solving the dilemma of failed energy systems? Share a comment and visit us today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)

Will Hashbyte usher in a profitable era of cloud-based crypto mining?

Colleagues, cryptocurrency mining has faced the enormous challenges of high energy and hardware costs and along with low returns for miners. And while cloud-based solutions have definite benefits they are also common targets of cyber criminals. HashByte’s infrastructure uses 250W solar panels which power their mining facilities along with lease contracts with private wind turbine firms across Europe. Bottom line: Will Hashbyte’s renewable energy approach to crypto mining enable them to effectively complete against the likes of Genesis Mining Enigma, Bitfury Mines, Bitmain, Giga Watt and Hut 8 Mining? Post a comment and subscribe today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)

Is there a Central Bank Digital Currency in the US Federal Reserve’s future?

Colleagues, central banks of developed and developing nations around the world are assessing the viability of launching their own cryptocurrencies (CBDC). Central banks are notoriously conservative and adverse to systemic change. The US Fed is no different. Despite former US FDIC Chair’s Sheila Bair advocacy that the central bank should at least ‘consider’ issuing as US CBCD, Fed Chair Jerome Powell and Governor Lael Brainard have raised major concerns. Issues such as money-laundering, security of distributed ledgers, investor protection and in many cases the pure “speculative” nature of the crypto world order are all red flags from the US Fed’s perspective. Simultaneously the relentless growth in the number and value of cryptocurrencies worldwide continue at a breakneck pace. We at the Cryptocurrency Academy fully understand and respect the US Fed’s well-founded reluctance to introduce unproven competition to its fiat currency. Our prediction is that in 3-5 years we anticipate the US Fed’s posture toward a US CBDC will be much more favorable. Bottom line: For central banks – at home and abroad – CBDCs will simply become an idea whose time has come. Leave a comment and subscribe today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)