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Crypto Wallet Recovery Service KeychainX Can Save Your Bitcoin – Sponsored Bitcoin News

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Whenever digital asset prices skyrocket, social media is flooded with stories of people who might be millionaires now but have forgotten the keys to the wallets they opened a few years ago. But if that happens to you, don’t lose hope, KeychainX cryptocurrency wallet recovery service can save your money.

Your wallet with a forgotten password is not yet lost

KeychainX has been a bitcoin wallet recovery service since 2017. In the last 6 months alone, the company has recovered wallet keys for about 100 customers from around the world and you can see some of their rave reviews on Trustpilot, where KeychainX has an almost perfect 4.9 ‘Excellent’ rating.

The service covers all kinds of situations, such as the recovery of lost Bitcoin wallets from Wallet.dat files, Dogecoin wallet passwords, blockchain second or first passwords, Android wallet or PIN issue, Ethereum from JSON files and Ethereum presale wallets. KeychainX can even decrypt your blockchain.info 15,17,19 or 21 word mnemonic seed, which is no longer supported by blockchain.com itself.

That means, as long as you have more than just the public key for a wallet, there is an option to unlock it. So if you have a cryptocurrency wallet that you cannot access for any reason, be sure to try KeychainX now and avoid being just another anecdote about someone who lost their fortune due to an accident. You don’t want to tell your kids a day after Bitcoin hit a million dollars that you lost the keys and did nothing about it.

Brute force and intelligent algorithms

The company shares some of its success stories on Medium which show the diverse skills required for this line of business. For example, KeychainX recently reported how it recovered a Dogecoin wallet worth over $ 3 million for a retired truck driver who bought the coins for about $ 1,500 in 2015. The customer forgot their PIN number and only had a few clues to tell the team like their birthday, etc. Trying to brute all possible 12-digit combinations that the customer thought was the length of the PIN. Checking Force would have taken more than a lifetime, but KeychainX developed a custom smart algorithm based on his clues that unlocked the wallet in no time.

Another interesting success story of KeychainX shows how it restored an old blockchain.info wallet with more than one 12-word story mnemonic seed – something many people mistakenly believe to be impossible. The client only remembered 17 words from their mnemonic seed used to secure the wallet, and the team had to use a combination of brute force and lots of “source code archeology” to get the money out of the no longer supported wallet to regain. History also shows how much effort KeychainX goes to for its clients and what spark of genius is sometimes needed in the search for that lost fortune.

To learn more about the company, visit KeychainX.io or just email KeychainX@protonmail.com if you want to talk about password recovery.

This is a sponsored post. Find out how you can reach our audience here. Read the disclaimer below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation to make an offer to buy or sell, or a recommendation or endorsement of any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Cryptocurrency Scams, Hacktivism Will Rise in 2022: Norton

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Norton claims that cyber activism will gain momentum over the next year and that crypto scams are likely to increase as more users shop. Additionally, the cybersecurity firm predicts that scammers will target people suffering from natural disasters. Norton warns that there will be more hacking, more scammers and a greater need for online security in 2022. There are likely to be more casual investors in the cryptocurrency market over the next year, suggesting more scams in this segment. Phishing campaigns to steal user credentials or tech support scams to separate people from their money are likely to increase.

The cybersecurity predictions for the next year were released by Norton. At the top, the company predicts an increase in cryptocurrency fraud as several countries seek to regulate it. The rise of casual investors who do not fully understand the nuances of how cryptocurrencies work will allow scammers to take advantage of it. “Scammers have used these misunderstandings to separate people from their coins, and with this new group of new users, we expect the number of scams to rise sharply. They will likely look like some of the old scams, but we also expect new and creative attempts to target this new, larger group of potential victims, ”the company states.

Norton also says the need to go online and have all identification documents online during the pandemic can lead to theft, identity theft, and other scams. The company also predicts that cyber criminals could run phishing campaigns to steal login credentials or tech support scams to keep people off their money. While most attacks are aimed at money, some tend to use cyber intruders as a form of protest.

The company adds that hacking activists or hacktivists will use their knowledge to produce political results. They do this by disrupting governments, spreading fear, or exposing information. Hacktivism and cyber terrorism were alive in 2021, revealing information that governments would have preferred to keep secret. Norton believes that given their range and potential influence, these attacks will continue, if not increase.

In 2022, scammers will continue to exploit disaster-hit users. Norton says that whenever money flows from insurance companies or the government to victims of natural disasters, there is someone trying to take advantage of that situation by either fraudulent with stolen identities or by cheating on people directly. If the trend continues and there are more natural disasters and extreme weather events, Norton expects more scammers ready to make money.

After all, Norton predicts that artificial intelligence and machine learning will increase cybercrime. It will allow users to manipulate some forms of media and extract values ​​from large data sets. It predicts that with technology getting better and easier to use, deepfake technology will become a useful tool for criminals, scammers, stalkers, and activists.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information provided in this article is not intended as financial advice, trading advice, or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for losses that may arise from an investment based on perceived recommendations, forecasts or other information contained in the article

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Experts Believe a Common African Cryptocurrency Can Boost Trade and Sustain Growth After Covid-19 – Emerging Markets Bitcoin News

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Some economists from Africa have suggested that the continent now needs a common cryptocurrency and an integrated capital market to boost trade and sustain growth.

The importance of a common crypto

African business experts argue that a common cryptocurrency along with an integrated capital market is needed to boost trade and sustain growth on the continent after the Covid-19 crisis.

According to a press release from the African Development Bank Group (ADBG), these experts had put forward their arguments in a discussion about reforming the African financial system.

One of the experts cited in the statement, Anouar Hassoune, professor of finance and CEO of the West Africa Rating Agency, argued that a common cryptocurrency has the potential to reduce the cost of doing business. He explained:

We need to develop a cryptocurrency that is acceptable to every Member State. Better to do it on a continental scale and we have the know-how to do it. It’s a governance issue, not a technology issue.

Hassoune also suggested that such a cryptocurrency could serve as an alternative to monetizing some of the continent’s foundations such as gold and other commodities.

Emmanuelle Riedel Drouin, head of the department for economic and financial transformation at the Agence Française de Développement, is also quoted in the statement. Although the expert supports the idea, she warned that conditions must be met before such a common crypto comes onto the market. She stated:

“We shouldn’t forget that there is really a lot to be done on the digital infrastructure, on the development of payment systems, on the interoperability of payment systems – financial institutions to digitize delivery and payment channels.”

Africa needs a functioning, integrated capital market

Drouin added that while central banks play a crucial role, it is still important for economies to diversify sources of funding in order to reduce reliance on them.

Although many African countries have spoken out against privately issued cryptocurrencies, some have shown interest in developing their own digital currencies. In fact, one of those countries, Nigeria, has already adopted its digital currency, while Ghana is expected to do the same. It is the creation of such diverse digital currencies that some experts fear will diminish the possibility that Africa has a common goal of cryptocurrency of its own.

Meanwhile, the statement also quotes Augustine Ujunwa, an economist at the West African Monetary Institute who advocates a well-functioning integrated capital market. He explained:

Right now our markets are small, our countries are small and we need to take a regional approach to integrating markets. Before we get there, however, we need to harmonize our laws, regulations and protocols for our fintech and digital systems.

Regarding the role of central banks, the economist suggested that they should start now to think about innovative ways to finance the critical sectors of the economy.

What do you think of this story Let us know what you think in the comments below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Congress holds landmark cryptocurrency hearing

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WASHINGTON, DC – The CEOs of six cryptocurrency companies appeared in a landmark hearing in front of Congress on Wednesday to advocate how lawmakers should approach regulating the growing industry.

What you need to know

  • Six cryptocurrency CEOs testified before a House committee in the first major congressional hearing on digital currency Wednesday
  • Legislators are trying to find out how the booming industry should be regulated
  • Ohio Reps. Tim Ryan (D) and Warren Davidson (R) are working together to try to change the language in the infrastructure law that affects crypto
  • Davidson said Congress was getting better and better informed about the world of digital currencies

“This is the first time Congress has held a full hearing on cryptocurrencies,” said Rep. Patrick McHenry (R-North Carolina) at the beginning.

The digital currency world watched closely as CEOs asked questions from members of the House Financial Services Committee about why their industry should be taken more seriously.

“There are more than 220 million crypto holders worldwide. And around 16% of Americans have invested, traded, or used cryptocurrencies, “said Alesia Jeanne Hass, CEO of Coinbase Global Inc.

The crypto market has exploded to more than $ 2 trillion and Congress is trying to figure out whether it should be regulated like the traditional banking world or differently.

The CEOs argued that some guard rails will help legitimize the industry as it continues to grow, but too much government oversight could have a deterrent effect.

“I think it’s healthy that the industry is regulated. I think it’s already regulated in a lot of ways, ”said Samuel Bankman-Fried, CEO of FTX.

Jeremy Allaire, CEO of Circle, added, “We believe that dollars will soon be as efficient and widespread as SMS and email on the Internet.”

While some lawmakers remain skeptical, others non-partisan agree that embracing this new market is important and should strike a balance in regulation.

Rep. Tim Ryan (D-Ohio) has teamed up with Rep. McHenry (R-North Carolina) to try to change the regulatory language in the new infrastructure bill that they fear could lead crypto executives to to do business in other countries.

“We should work to fully understand the possibilities that the next generation of the Internet can offer Americans,” McHenry said during the hearing.

In an interview with Spectrum News on Wednesday, Ryan said, “There is an opportunity here for growth and jobs, and really for the United States to be a leader in this new technology.”

That first hearing was a big deal for the crypto world, but it’s just the beginning.

The Senate Banking Committee, chaired by Ohio Senator Sherrod Brown (D), will hold its own hearing on the matter next week.

Still, Congress is far from making any laws.

Rep. Warren Davidson (R-Ohio), a leading voice in Congress on crypto, left the hearing Wednesday, encouraged by the informed questions that were asked.

“I’m impressed with how much the knowledge gap has been filled by my colleagues,” Davidson told Spectrum News.

Davidson also supports the legislation that Ryan and McHenry put in place.

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