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Binance Will Block Transactions from Russian Mastercard and Visa Cards

Key Takeaways Binance has said that Russian Mastercard and Visa cards will not be accepted as a transaction method starting Wednesday. Binance and its...

Trust Wallet Review: Complete Wallet Overview

We bang this drum a fair bit here at the Coin Bureau, but in case you haven’t heard, here’s how the tune goes: if you’re serious about keeping your crypto safe, you should be thinking about storing it in a wallet of some kind. The larger your holdings are, the more pressing a concern this […]

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No credit for crypto — users react to Russia-issued credit card ban

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"Visa and Mastercard dig their own graves by politicizing their products and pushing people all over the world toward Bitcoin," said Marty Bent.

Ron Wyden: Cracking down crypto activities will kill the internet

One of the Senate’s most influential Democrats has advised his colleagues not to overregulate the expanding cryptocurrency business. He compares it to the early days [...]

BabyDoge Partners with Simplex to Enable Credit Card Purchase

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass AdoptionBabydoge has officially partnered with Simplex. Simplex is a leading payment solution provider. Twitter users are pleased with this partnership. ...


Binance Launches The Fiat-to-Crypto Gateway Bifinity

The leading crypto exchange by trading volume has launched a payment provider to help out with fiat-to-crypto transfers. #Binance is proud to launch @bifinity, a payments tech company powered by #Binance, which will serve as its official fiat-to-crypto payments provider. Bifinity will partner with @eqonex, @PlugIntoPaysafe and @Checkout in an effort to build the Web […]

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Democrat Senator Ron Wyden on Crypto: ‘I Want to Be on The Side of The Innovator’

Senate Democrat of Oregon and chair of the Senate Finance Committee, Ron Wyden, is bullish on crypto innovation.

How to Store NFTs?

NFT Recur Series A

Spending billions of dollars on artwork is of no use if you don’t have a place to store it properly. Considering the cyber attacks in this technology-oriented world, one should be cautious of the ownership of their digital assets. This advice applies to non-fungible tokens or NFTs that aren’t only art pieces but can represent anything from a music video/audio to creative image or digital personal identity documentation, car or homeownership, and academic titles, among other things. To avoid losing access to personal investments, learning how to store non-fungible assets may be a necessary discipline. Without blockchain, assets could be replicated or duplicated. However, the distributed ledger allows NFT artists to establish ownership of their assets, which cannot be duplicated due to the immutable nature of blockchain. As the money that flows into NFTs reached $2.5 million (NFT of the first-ever tweet of Jack Dorsey), it becomes crucial to store NFTs properly. Keep reading to understand how you can store NFTs safely to stay away from scams in the virtual world of cryptocurrencies, NFTs, and stablecoins. Why do NFTs need to be stored properly? Non-fungible tokens have become high-valued unique assets in recent months; hackers stole thousands of dollars worth of assets from accounts on the NFT marketplace Nifty Gateway. Consumers’ absence of two-factor authentication, according to the company, made it easier for hackers to spot customers’ passwords and take their valuables. Hackers target investors attempting to steal digital assets or credit card information in order to acquire wealth. While cryptocurrency wallets have traditionally only been used to store crypto assets, with the advent of NFTs, new forms of crypto wallets have been developed specifically for storing NFTs. What type of storage methods are available for NFTs? If you keep your private keys with an exchange, it means you have exposed yourself to possible hacks that may occur. The same is true in terms of NFTs too.  Compared to centralized storage of digital assets, blockchain-based storage is decentralized, and it is far more secure and gives property owners complete control over their assets. Furthermore, it offers a variety of options for greater peace of mind. It’s important to understand that NFTs and cryptocurrency are not stored in your wallet. On the other hand, a wallet uses a private key to guarantee access to the investments housed on the blockchain. Despite being a private key, since the asset is exposed online, it is vulnerable to hacks too. As a result, it’s critical to preserve and save NFTs in offline solutions for cold storage, which entails storing data on a platform that is less vulnerable to unauthorized access, cyber-attacks, isn’t linked to the internet, and thus other vulnerabilities common to data stored on the internet. Purchasing a cold storage hardware wallet like Ledger Nano X and transferring the digital assets there is the best option to store NFTs offline. However, because the wallet remains offline, hackers and keyloggers will not acquire access. However, each hardware wallet comes with an ID and password for enhanced security. A mobile wallet like Trust wallet is another option for beginner NFT collectors. NFT assets based on Solana, Polygon, Ethereum can be stored using the Trust wallet. On your mobile device, MetaMask also gives you access to a DeFi and NFT browser. MetaMask is really easy to set up and utilize. You can use your browser to access it or download it as a mobile wallet. This will allow you to stay up to date on market developments without having to carry your laptop or utilize a standard web browser. It’s critical to ensure interoperability across multiple chains and with the marketplace where NFTs are bought and sold when selecting NFT storage choices. You should also ensure that the wallet has a user-friendly interface and robust security. Because most NFTs are Ethereum-based, it’s essential to check if the wallet is Ethereum-compatible. InterPlanetary File System (IPFS)  allows users to store their decentralized NFTs off-chain since it is a peer-to-peer hypermedia protocol, reducing the risk of being hacked. IPFS uses content-based addressing instead of traditional location-based addressing to modify how information is disseminated worldwide. For example, when you upload a file to IPFS, it is divided into smaller chunks, hashed cryptographically, and given a unique fingerprint called a content identifier (CID). Pinata is an NFT wallet built on IPFS, which was founded in 2018 and now has over 45 million files and 70,000 users worldwide. Even though it isn’t the most common storage solution, it can gain popularity, particularly among developers, because of its improved security. Key takeaways Based on the above key points, please take care of the following things: Keep your NFTs in a cold wallet to avoid exposure to online hacks and scams. Do your research before investing in any of the NFTs or other assets. … Continued

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Using the FTX.us NFT Marketplace: How to Deposit & Mint NFTs

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FTX.us is a U.S. regulated cryptocurrency exchange, that offers its users, not only maybe the most solid platform to trade any of the 250 traditional cryptos, fiat currency, or wire transfers. The great news is that now you can buy, sell and mint your own NFTs on FTX.us Marketplace as well. When you go to [...]

The post Using the FTX.us NFT Marketplace: How to Deposit & Mint NFTs appeared first on Blockonomi.

BitYard Partnering With Transak – Smooth the Way for Crypto Credit Card Payments


PRESS RELEASE. BitYard and credit card service provider – Transak, muscle into India and Mid Asia for 1 billion crypto market. Transak’s Background Transak enables developers with seamless and easy-to-integrate crypto onboarding infrastructure technologies, in line with their objective of making decentralized applications accessible. Transak has partnered with some of the biggest web3 players, like…

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Russian Sberbank Is Turning to UnionPay Following the Suspension of Visa and Mastercard

. Visa and Mastercard announced on Saturday that they are suspending operations in Russia within the next several says. Cards that were issued in Russia will cease working outside of Russia.

Through Azteco, BTC Available At 600K+ New Locations In Nigeria, Canada & The UK

Azteco is making big moves. Their vouchers are now available in 600K new locations in Nigeria, 6K in Canada, and 28K in the U.K. Their system was already one of the most accessible ways to buy bitcoin, and now, in those countries, Azteco is basically everywhere. Better yet, clients don’t need to provide neither bank nor credit card details.  Related Reading | Nigerians Move Almost $40 Million In P2P Bitcoin Trading In A Month “Go to your local store and buy a top up voucher just like the ones you’re used to. Enter your Voucher number to redeem,” buying bitcoin with Azteco is akin to adding credit to your cell phone. “There is nothing to learn or understand; it just WORKS,” the company tweeted. However, if you need a more detailed game plan, here it is: Fill out the form here. Receive an email with a barcode. Go to a Paypoint, or other location as instructed. Show the barcode and pay. Receive your voucher instantly via email. The headline here, though, is the number of locations Azteco recently onboarded. 600K Cash-In Locations In Nigeria Recently, one of the main topics in bitcoin is adoption in the African country. “Nigeria is the number two leading country in Bitcoin adoption, and now, Nigerians have access to Azteco through 600,000 Cash-In locations. We expect an explosion in uptake.” Since the process is identical to acquiring phone credit, people already know how to do everything required.  We expect this uptake because Azteco is the most simple method of buying Bitcoin on the market, identical in process to the top-up's everyone on the African continent is used to with adding air-time to Mobile Phones. There is nothing to learn or understand; it just WORKS. — Azteco (@Azteco_) March 3, 2022 “Nigerians have total freedom to send and receive Bitcoin from anywhere instantly, reliably and privately,” Azteco promises.  BTC price chart for 03/05/2022 on Bittrex | Source: BTC/USD on TradingView.com Azteco Available At 6K Canada Post Locations In the post office, “you can buy Loadhub and use it to get an Azteco Voucher. Now Bitcoin is within arms reach of 98% of all Canadian Citizens.” Pay with cash or bank transfer and rest assured that Azteco doesn’t “store any personal information longer than required to fulfill your order, after which we delete that information.” Here are the very simple instruction for Canada Post’s clerks: There are 6000 Canada Post locations in Canada. And at each one, you can buy Loadhub and use it to get an Azteco Voucher. Now Bitcoin is within arms reach of 98% of all Canadian Citizens.🍁 https://t.co/kFIv8dudVw pic.twitter.com/BZtc0hFWXX — Azteco (@Azteco_) March 3, 2022 Here’s a map with all of the Canada Post’s locations: At every Canada Post outlet in Canada you can buy an Azteco Voucher right now. Get a Bar Code from https://t.co/kFIv8dudVw take it to your local post office and the instant you pay, your voucher will arrive in your recipient's email. It's simple, safe, fast, secure and private.🍁 pic.twitter.com/DNlhqmSFfe — Azteco (@Azteco_) March 4, 2022 Azteco At 28K Extra Locations In The U.K. The vouchers are already available at a very popular chain store, but this is bigger. “Azteco is now available at 28,000 locations across the UK through PayPoint. Now everyone in the UK has easy, instant access to Bitcoin.”  The process is extraordinarily simple. Select the amount of Bitcoin you want to buy, and have your barcode emailed to any email address. Show your barcode at any Paypoint location and pay. The instant you've paid, your Azteco Voucher is emailed to the address you specified. pic.twitter.com/q8lajO7vWc — Azteco (@Azteco_) March 1, 2022 Conclusions And Solutions In today’s world, governments proved that they would go after the finances of entire populations just for the fact that they disagree with their politics. A solution like Azteco is welcomed with open arms. It’s not exactly KYC-free, but close enough. Related Reading | Startup Providing Convenient Bitcoin On-Ramp Lands Google Talent “Azteco doesn’t have user accounts, just like Pay as You Go SIM Cards. It’s “disposable Bitcoin” for small amounts,” the company states. And Nigerians, Canadians, and U.K. residents now have availability in physical locations that they usually go to. They can pay their electric bill, re-fund their phone, and get some bitcoin without breaking a sweat.  Will this affect the market at all? It’s not likely. Retail buyers are just a small percentage, and, as stated, Azteco is for small amounts. Will this benefit everyday bitcoin users in those countries? Absolutely. Featured Image by Blake Wisz on Unsplash | Charts by TradingView
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