Next post » For the past few days, Ripple (XRP) has been unable to develop the upside momentum above $0.24. In a recent withdrawan announcement, DBS, the global Singaporean bank, has disclosed the release of a cryptocurrency exchange.
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Cryptocurrencies are a more secure way of transacting money but the anonymity behind their protocols has made it a hotbed for hackers and scammers. Most of the coins on the crypto network are far from their all-time high values, but they are still churning out good returns on investment for those who know what they are doing.
Such value, and anonymity properties, makes it very important that users know how to protect their coins and crypto holdings.
Follow the steps below for a better cybersecurity profile when holding digital money of any kind.
Your password is the first line of protection into any of your online accounts. Considering the sensitivity of cryptocurrency accounts, you need to be even more careful with your passwords here.
Suggested are the best password habits for better overall security:
Now that you have a better password management habit, you also need to secure your cryptocurrency account itself. After all, having the best password in the world won’t save you from mistakes that you could make – either by commission or omission.
Do these to be on the safer side:
Many people have done everything else right only to fall victim to a hack on account of not practicing proper network security.
A casino was reportedly hacked by a group that knew to infiltrate through the thermostat. Since that unit was also connected to the main network, but less secure, they got entry into the main computers from there. That tells you how important network security is.
Here are some pointers to get you going:
After all that we have discussed, your device is also worth looking at.
That is the unit on which you do all of your transactions. This means anyone with access can also do the same transactions like they were you. Because you are now your own bank, there are not as many regulations around someone else impersonating you in the world of crypto.
So that you don’t find yourself on the wrong business end of things, do these:
The decision of what kind of wallet to use comes down to two picks at the end of the day. Provided you have streamlined your picks from the top wallet companies, that is.
Before you start holding/ storing cryptocurrencies at all, make sure to have made an informed decision between:
Author: by ILAdministrator
Ripple Price Prediction – XRP/USD Locked in the Range; Price Back Below $0.24
XRP Price Prediction – November 2
For the past few days, Ripple (XRP) has been unable to develop the upside momentum above $0.24.
Resistance levels: $0.26, $0.27, $0.29
Support levels: $0.22, $0.21, $0.20
XRP/USD touches the area above $0.24 at the opening of the market today, but failed to hold the ground and retreated quickly towards $0.23 by the time of writing. Nevertheless, the Ripple (XRP) has stayed mostly unchanged both on a day-to-day basis and since the beginning of today. XRP/USD now remains at a tight range that limited its bullish movements since October 23.
However, should the bulls manage to push the market above the moving averages; they may soon find the resistance at $0.26, $0.27, and $0.29 levels. Meanwhile, if the market continues to experience the bearish movement, it may likely hit the nearest support at $0.22 and a further drop could pull the market to $0.21 and $0.20 supports. The technical indicator RSI (14) for XRP/USD is slowly moving below the 40-level, suggesting more bearish signals into the market.
Against Bitcoin, XRP is still trading on the downside, although the price action has remained intact below the 9-day and 21-day moving averages. Meanwhile, if the selling pressure persists, the Ripple price variation may likely create a new low in the next coming trading days.
For now, the technical indicator RSI (14) is seen moving within the oversold region; traders may continue to see a negative move in the market soon they can as well expect close support at the 1700 SAT by breaking below the channel to hit the critical support of 1550 SAT and below. If a bullish move occurs and validates a break significantly above the 9-day moving average; traders may confirm a bull-run for the market and the closest resistance levels lie at the 1950 SAT and above.
Author: FOLLOW ON
DBS, Southeast Asia’s Biggest Bank, To Launch Cryptocurrency Exchange
In a recent withdrawn announcement, DBS, the global Singaporean bank, has disclosed the release of a cryptocurrency exchange. While the declaration by the giant financial and banking corporation was pulled later, crypto supporters made sure to share the announcement involving Ethereum, Bitcoin & Bitcoin Cash.
DBS is Southeast Asia’s largest bank, with greater than $600 billion in assets across 100+ branches. While the announcement was quickly withdrawn, many proponents of cryptocurrency had noticed it. After this incident, the Twitter account Fiat minimalist tweeted a screenshot stating “Cat’s out of the bag” and said “This has been in the works for 2 years,” adding further, “All banks will have to follow suit. Imagine being bearish [toward] BTC,”.
This information has also been saved on Archive.org. The exchange website states that its “Digital Exchange offers trading services from fiat currencies to four of the top digital currencies in circulation – Bitcoin, Bitcoin Cash, Ether, and XRP”.
“Unlike most digital exchanges today, DBS Digital Exchange does not hold any digital assets. Instead, all digital assets are kept at DBS Bank, which is globally recognized for its custodial services. To keep customers’ digital assets safe, DBS Bank has deployed DBS Digital Custody, an institutional-grade custody solution specially tailored for safekeeping digital assets.”
Official crypto adoption continues to grow. Just last week, Paypal announced crypto integration on its platform. In September, it was disclosed that US banks are now authorized to keep reserves for issuers of stablecoin.
The bank’s new trading system aims to permit security token offerings. The announcement continues, “Companies searching for a regulated option to raise private capital from qualified investors can now tap on DBS Digital Exchange to securitize real assets into tradeable digital tokens,”
The exchange announcement states conclusively:
“Digital assets are poised to be the future of tomorrow’s digital economy. With DBS Digital Exchange, a bank-backed digital exchange, companies, and investors can now leverage an integrated ecosystem of solutions to tap the vast potential of private markets and digital currencies”.
Author: CCI Contributors