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To securely backup your crypto wallet private keys, create an encrypted offline copy on a hardware wallet or write them on paper. In the rapidly evolving world of cryptocurrencies, it is critical to secure one’s digital assets. A crucial element of crypto security is storing a backup of private keys. Private keys are the keys to one’s crypto kingdom, and losing them can cause an irreversible loss of money.  This article will explain the importance of private keys, the risks they pose and the different ways to safely backup keys. What are private keys? In the world of crypto currency, every digital wallet is built upon a foundation of crypto graphic keys, forming an essential element of its structure. These keys, unique to every user, play a pivotal role in securing one’s assets. The private key, functioning akin to a password, acts as the gateway to accessing funds, while the public key mirrors the wallet address, enabling seamless transactions. Generated through complex algorithms, ...

In a Nov. 14 announcement on X, Binance shares the news of Dual Investment product s with updated target prices and settlement dates. According to the website, Dual Investment will allow individuals to purchase or sell cryptocurrency at a predetermined price and date in the future.  Rewards, regardless of direction The announcement shares that the Dual Investment product will be available in a subscription format based on a first-come, first-served basis, with updated target prices and settlement dates. #Binance launches new Dual Investment products with updated target prices and settlement dates. Find out more ️https://t.co/lHt4g7PiTx — Binance (@binance) November 14, 2023 The Dual Investment platform offers opportunities to earn rewards by participating in buy low and sell high product s, allowing users to set their chosen price at a future date without incurring fees.  You might also like: Bybit Card adds new user bonus amid Binance crypto card closure in ...

Wallet, a custodial wallet bot on Telegram, says that merchants should sort out for themselves whether their jurisdictions allow them to accept payments in crypto. The cryptocurrency payment industry continues to evolve with a new cryptocurrency payment option coming to crypto-friendly Telegram messenger. Wallet, a Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has launched a crypto payment solution based on The Open Network (TON) blockchain. Called Wallet Pay, the new service provides crypto payment transactions between users and retail businesses, enabling direct payments within the Telegram interface. Announcing the news on July 13, Wallet told Cointelegraph that the new payment feature is immediately available within all jurisdictions supported by the wallet service. At the moment, this list of supported jurisdictions supported by Wallet Pay includes most countries except for the United States and those blacklisted by the Financial Action Task...

Robinhood Markets announced the launch of its new ‘Robinhood Connect’ service and numerous updates to its app. The launch of ‘Robinhood Connect,’ a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27. Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBA A low-cost, on-ramp for customers, and a seamless integration for developers. Learn more: https://t.co/rnBnR0LYww pic.twitter.com/6uSIAJkudO — Robinhood (@RobinhoodApp) April 27, 2023 Positioned as a competitor to similar services such as Coinbase Pay and MoonPay, Robinhood Connect essentially allows users purchase and sell cryptocurrency directly to and from their self-custody wallet or natively in DApps using a credit or debit card. Robinhood Connect Features integration with Web3 projects as developers can embed the service directly into applications. This allows customers to access their Robinhood ...

Crypto exchange Algodex and wallet provider MyAlgo have both suffered security breaches in the last few weeks. Algorand-based wallet provider MyAlgo has again urged users to withdraw their funds after a February security breach which doesn’t appear to have been resolved. Update: Funds are still being actively drained from MyAlgo users. https://t.co/fzkS9PFkAm pic.twitter.com/cgrWigu2Wn — ZachXBT (@zachxbt) March 6, 2023 Meanwhile, decentralized exchange Algodex has revealed a malicious actor infiltrated a company wallet on Mar. 5 in what “appears to be similar to what is currently happening in the Algorand ecosystem,” it said in a Twitter post. In a Mar. 6 post, Algodex explained that during the early hours of the previous morning, a company wallet was infiltrated by a malicious actor. According to Algodex, precautions were taken before the attack, including moving the bulk of their USDC and treasury tokens ALGX tokens to secure locations. #PeckShieldAlert @AlgodexOfficial re...