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New Security Alert! Dusting Attacks
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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
What is Dust?: https://www.binance.vision/security/what-is-a-multisig-wallet
What is a Dusting Attack: https://www.binance.vision/security/what-is-a-multisig-wallet
Samourai Wallet: https://samouraiwallet.com/
If you’ve ever opened your Bitcoin wallet or other cryptocurrency wallet and noticed that someone had sent you a minuscule amount of coins, chances are those coins weren’t sent from someone who wanted to do his good deed for the day. Chances are you were sent those coins from someone who wants to get your personal information.
These are called Dusting attacks. They’re relatively new and this time you’re the target. it’s success depends on your actions.
Before I get into it I want to remind you that you can protect yourself from these types of attacks by following some basic practices when it comes to making transactions with your Bitcoin or other cryptocurrencies. I’ll go over these practices at the end of this video so don’t miss it.
Here’s how it works:
You open your Bitcoin wallet, notice you’ve unexpectedly received a small amount of BTC from someone but you don’t worry about it, in fact you might think that’s kind of cool, free BTC right? Here’s why you should think again. If those satoshi’s were sent to you in a dusting attack what you do with those satoshi’s next will determine if the attack will bear any fruit for whoever sent the dust to your wallet.
People send tiny amounts of Bitcoin or other cryptocurrencies (called dust) to random wallets and then track where those coins go. Eventually they might be able to pick up on trends that end up unearthing your personal information like your identity, especially if you send this dust to a centralized exchange that stores your sensitive information. With your personal information on hand, this makes you an easy target for personalized phishing attacks, and of course extortion and blackmail.
Not to worry though! Like I mentioned at the beginning of this video, there are two very simple ways to prevent this from affecting you.
This first suggestion is something you ought to be doing every time you use your cryptocurrency wallet as it helps to solidify and protect the anonymity of your wallet and that is to generate a
...
https://www.youtube.com/watch?v=NurRSf2kVbQ
Twitter: @blockchainchick
Instagram: @hheidiann
Bit.tube: RealCryptoTips
Check out the new hardware wallet Ellipal HERE: https://order.ellipal.com/?ref=5c08236b8e68e
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef
Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d
LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
What is Dust?: https://www.binance.vision/security/what-is-a-multisig-wallet
What is a Dusting Attack: https://www.binance.vision/security/what-is-a-multisig-wallet
Samourai Wallet: https://samouraiwallet.com/
If you’ve ever opened your Bitcoin wallet or other cryptocurrency wallet and noticed that someone had sent you a minuscule amount of coins, chances are those coins weren’t sent from someone who wanted to do his good deed for the day. Chances are you were sent those coins from someone who wants to get your personal information.
These are called Dusting attacks. They’re relatively new and this time you’re the target. it’s success depends on your actions.
Before I get into it I want to remind you that you can protect yourself from these types of attacks by following some basic practices when it comes to making transactions with your Bitcoin or other cryptocurrencies. I’ll go over these practices at the end of this video so don’t miss it.
Here’s how it works:
You open your Bitcoin wallet, notice you’ve unexpectedly received a small amount of BTC from someone but you don’t worry about it, in fact you might think that’s kind of cool, free BTC right? Here’s why you should think again. If those satoshi’s were sent to you in a dusting attack what you do with those satoshi’s next will determine if the attack will bear any fruit for whoever sent the dust to your wallet.
People send tiny amounts of Bitcoin or other cryptocurrencies (called dust) to random wallets and then track where those coins go. Eventually they might be able to pick up on trends that end up unearthing your personal information like your identity, especially if you send this dust to a centralized exchange that stores your sensitive information. With your personal information on hand, this makes you an easy target for personalized phishing attacks, and of course extortion and blackmail.
Not to worry though! Like I mentioned at the beginning of this video, there are two very simple ways to prevent this from affecting you.
This first suggestion is something you ought to be doing every time you use your cryptocurrency wallet as it helps to solidify and protect the anonymity of your wallet and that is to generate a
...
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Check out the new hardware wallet Ellipal HERE: https://order.ellipal.com/?ref=5c08236b8e68e
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef
Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d
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Video Suggestions for Beginners to Crypto:
- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
- 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
- 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
- 5 Things Crypto Exchanges Don't Want You to Know: youtu.be/_VcdEovm8u8
- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
- My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
- Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
- Without This, Crypto Won't Survive: youtu.be/Jg-zk_Nhpq0
- How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFpE8
...
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Check out the new hardware wallet Ellipal HERE: https://order.ellipal.com/?ref=5c08236b8e68e
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef
Try Binance here: https://www.binance.com/?ref=10080191
LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW:
Are You an Early Adopter?: https://youtu.be/qmNDFDRQcDY
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Video Suggestions for Beginners to Crypto:
- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
- 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
- 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
- 5 Things Crypto Exchanges Don't Want You to Know: youtu.be/_VcdEovm8u8
- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
- My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
- Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
- Without This, Crypto Won't Survive: youtu.be/Jg-zk_Nhpq0
- How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFpE8
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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
PayPie Website: https://www.paypie.com
PayPie partners with QuickBooks: https://www.paypie.com/content/media/press-release-paypie-beta.pdf
PayPie App: https://appcenter.intuit.com/paypie
Halo Website: https://www.haloplatform.tech/
Blog: https://medium.com/@haloplatform
Halo Update:
Featherlite Download: https://www.haloplatform.tech/downloads/
First up, let’s take a look at PayPie.
This project was launched in October 2017. Basically, PayPie is all about providing businesses with tools that can give them insights into their financial situations and also provide them with a PayPie credit score and line businesses up with invoice buyers so businesses can quickly improve their cash flow. Here’s how it works, as a business owner, you can create an account with PayPie and then import your Enterprise Resource Planning, or accounting software. Your information will then be run through PayPie’s algorithms which will provide analytics and insights as to how your business can be improved. They also have plans to help small and medium sized businesses improve their cashflow issues by connecting these businesses with those who want to purchase their invoices.
So PayPie’s ICO was one of those that raised a lot of money in a short amount of time. Luckily for those who chose to invest in this one, the team behind PayPie decided to commit to this project instead of taking that profit and running.
Three months after the ICO, their Alpha was released at the end of January. Now, a few days ago their beta version was released, along with the announcement of their partnership with Quickbooks. This announcement is pretty big for them as it solidifies their progress. The PayPie website is also saying that they have plans to integrate with Xero, Sage, Freshbooks and Netsuite in the future.
Ok, next up, let’s take a look at the Halo Platform. I spoke a bit about this one last year because it was pretty intriguing with
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Video Suggestions for Beginners to Crypto:
- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
- 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
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- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
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- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
- Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
- Without This, Crypto Won't Survive: youtu.be/Jg-zk_Nhpq0
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Video Suggestions for Beginners to Crypto:
- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
- 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
- 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
- 5 Things Crypto Exchanges Don't Want You to Know: youtu.be/_VcdEovm8u8
- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
- My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
- Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
- Without This, Crypto Won't Survive: youtu.be/Jg-zk_Nhpq0
- How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFp
...
https://www.youtube.com/watch?v=ozZa8gLNGkc
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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
YouTube Wants to Dismiss Lawsuit with Ripple: https://www.theblockcrypto.com/linked/72754/youtube-ripple-lawsuit-motion-dismiss?utm_source=cryptopanic&utm_medium=rss
CMC Shows Conflict of Interest Yet Again: https://beincrypto.com/coinmarketcap-quickly-retracts-bnb-coin-as-no-1-defi-project/
Next Steps to BTC Bullrun: https://eng.ambcrypto.com/bitcoin-steps-to-next-bull-run-not-as-simple-as-in-2017/
Who is Buying Crypto Now? https://www.forbes.com/sites/ronshevlin/2020/07/27/the-coronavirus-cryptocurrency-craze-whos-behind-the-bitcoin-buying-binge/#ad2fe5b2abf6
US Banks Now Open to Crypto: https://cointelegraph.com/news/us-banking-regulator-green-lights-crypto-custody-at-federally-chartered-banks
Tokenization is the Future: https://cointelegraph.com/news/tokenization-holds-the-key-to-sustainable-platform-business-model-growth
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