Category Archives: Cryptocurrency

Over the past 24 hours, Cardano's ADA/USD price has fallen 3.62% to $0.84. This continues its negative trend over the past week where it has experienced a 10.0% loss, moving from $0.94 to its current price.

The chart below compares the price movement and volatility for Cardano over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Cardano's trading volume has climbed 6.0% over the past week along with the circulating supply of the coin, which has increased 0.09%. This brings the circulating supply to 32.07 billion, which makes up an estimated 71.26% of its max supply of 45.00 billion. According to our data, the current market cap ranking for ADA is #9 at $26.92 billion.

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Cryptocurrency Cardano Decreases More Than 3% Within 24 hours - Benzinga - Benzinga

Intuit is being sued in the US after a security failure at its Mailchimp email marketing business allegedly led to the theft of cryptocurrency from one or more digital wallets.

In a proposed class-action lawsuit [PDF] filed in federal court in northern California on Friday, the plaintiff Alan Levinson of Illinois claimed he and potentially others fell victim to a sophisticated phishing attack in which their Trezor cryptocurrency wallets were unlawfully accessed and funds siphoned.

Someone earlier stole from Mailchimp details of Trezor's mailing-list subscribers, and used this information to reach out to those users with an email engineered to trick them into installing malware designed to hijack their digital wallets. Levinson said he believes millions of dollars in crypto-coins were stolen in this attack, including $87,000 from his own wallet.

The lawsuit accuses Intuit and Rocket Science Group a subsidiary that operates Mailchimp of poor security practices, allowing this alleged heist to take place.

"The hackers were able to access the Trezor email list (and likely other insensitive information) through Mailchimp and/or Intuit employee accounts," Levinson wrote in his 22-page lawsuit. "Indeed, defendants confirmed that hackers used an internal employee tool to steal data from more than 100 of their clients with the data being used to mount phishing attacks on the users of cryptocurrency services."

It's said said Intuit "willfully, recklessly, or negligently" failed to put in place measures that would ensure people's data was protected and keep such a breach from happening, and then failed to disclose the breach in a timely manner.

Intuit bought Mailchimp last fall for about $12 billion.

The lawsuit states Trezor users received phishing emails on April 2 that appeared to be legitimate messages from the company claiming that their data had been compromised and their cryptocurrency was at risk of being stolen. These messages were sent to email addresses stolen from Mailchimp.

Marks were told by these bogus emails to go to what turned out to be a malicious website suite.trzor.com, note the special character to download a new version of the Trezor desktop software suite that turned out to be wallet-draining malware. According to the lawsuit, this was also made possible because an Intuit staff apparently fell victim to a phishing attack in which they inadvertently handed over their internal credentials to one or more fraudsters.

"Defendants fell victim to one of the oldest cybertricks in the book: according to reports, one of defendants' employees fell victim to a phishing email and clicked on a malicious link," the plaintiff claimed. "Accordingly, the unknown hackers were able to pilfer Trezor platform users' cryptocurrency from the compromised accounts, resulting in millions of dollars of losses."

The lawsuit claims the crooks were able to view about 300 Mailchimp customer accounts, and exfiltrate data, including subscriber email addresses, from 102 of them. One of the customer accounts was Trezor.

In a statement to The Register earlier this month, Mailchimp CISO Siobhan Smyth said the company's security engineers first became aware of the security breach on March 26 when a miscreant accessed a tool used by customer-facing teams for customer support and account administration. Smyth said the targeted campaign "was propagated by an external actor who conducted a successful social engineering attack on Mailchimp employees, resulting in employee credentials being compromised."

Levinson raised the March 26 date in his lawsuit, saying it was "a week before the phishing emails were sent" yet Intuit didn't raise the alarm until Trezor did so when it spotted the phishing campaign.

"This lack of action was particularly concerning, as Defendants acknowledged that the hackers targeted customers in the cryptocurrency and finance sectors and that the hackers gained access to API keys for an undisclosed number of customers, allowing the attackers to send phishing emails," the lawsuit stated.

Levinson wants Intuit to pay for at least three years of credit monitoring for the victims as well as actual and punitive damages and legal fees.

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Intuit sued over alleged cryptocurrency thefts via Mailchimp intrusion - The Register

Introduction

The crypto market is not stable which is why you need to add various coins to your watchlist so you can buy and sell when its most profitable to you.

Here are three tokens to add to your watchlist so you dont miss out on all the goodies: Solana (SOL), Polygon (MATIC), and Parody Coin (PARO).

Due to its amazing blockchain technology, Solana (SOL) has been termed one of the most unique cryptocurrencies.

Every transaction that takes place in the Solana network is processed on a basis of first come, first serve. Due to this unique system of processing transactions, Solana (SOL) has one of the fastest transaction times in the crypto world.

And thats not all, all transactions processed on the Solana network are processed at a very low fee compared to another network.

Solanart is another reason why Solana (SOL) should be one of the cryptocurrencies on your watchlist. Solanart is an NFT marketplace that exists on the Solana network. Through Solanart,, Solana (SOL) has been a very important token that aids the buying and selling of NFTs.

Theres also a broad acceptance of Solana (SOL) by various platforms and people which is why it is considered one of the tokens to replace Ethereum (ETH). Its also listed on Coinbase which shows how much potential this altcoin has.

Polygon (MATIC) was developed to make faster transactions than other cryptocurrencies like Ethereum (ETH).

Another way Polygon tops ETH is its provision of a decentralized platform which results in low-cost transactions that investors love.

One of the reasons why Polygon (MATIC) should be on your watchlist is because of its plans for the future. Polygon developers plan to develop a network of blockchains. The benefit of this network of blockchain is that it allows users to create interconnecting blockchain networks. This development will help facilitate the development of flexible and standalone blockchains.

Mark Cuban invested in Polygon which shows you that this token has a lot of potential to be a profitable long-term investment.

Plus Polygon is congenial with the Ethereum Virtual Machine (EVM). Because of its compatibility with EVM, developers can now easily move their apps to the Polygon network.

The Parody Coin comes with a lot of passive income possibilities making it one of the prime tokens that investors look out for.

The main reason for developing the Parody Coin (PARO) was so that it could improve the various experiences that investors have had with cryptocurrency.

There exists the Paroverse where various investors can operate the Dapps. Paroverse serves as an incredible metaverse that helps process interactions in the virtual world through the use of NFTs Parodies.

Parody Bridge: The Parody bridge is a very important system in the paroverse as it allows the transactions of Parody Coin (PARO) from the current blockchain to another.

Paroflection Mechanism: The Paroflection mechanism helps investors to give rewards to various users of the native PARO token.

Parody Swap: The Parody swap is an exchange platform that helps users trade crypto coins on the blockchain for PARO tokens.

One major benefit of the Parody Coin (PARO) that separates it from other cryptocurrencies is the backing of PARO by real-time assets. Due to this backing, PARO is one of the profitable investments that doesnt fluctuate extremely. So add the Parody Coin (PARO) to your watchlist without any hesitation.

The crypto market needs to be fully utilized as it aims to bring great profits to investors. You dont want to miss out on the opportunity to be part of the journey of these three cryptocurrencies: Solana (SOL), Polygon (MATIC), and Parody Coin (PARO)

So add these coins to your watchlist and portfolio.

For more info on Parody Coin (PARO)

Website: https://parodycoin.ioInstagram: https://www.instagram.com/parody_coinTwitter: https://twitter.com/Parodycoin

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3 Cryptocurrency To Add To Your Watchlist : Solana (SOL), Polygon (MATIC), and Parody Coin (PARO) | - Bitcoinist

Over the past 24 hours, Algorand's ALGO/USD price has risen 4.7% to $0.70. This is contrary to its negative trend over the past week where it has experienced a 5.0% loss, moving from $0.75 to its current price. As it stands right now, the coin's all-time high is $3.56.

The chart below compares the price movement and volatility for Algorand over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Algorand's trading volume has climbed 6.0% over the past week along with the circulating supply of the coin, which has increased 0.61%. This brings the circulating supply to 6.71 billion, which makes up an estimated 67.13% of its max supply of 10.00 billion. According to our data, the current market cap ranking for ALGO is #32 at $4.75 billion.

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Cryptocurrency Algorand Up More Than 4% In 24 hours - Benzinga - Benzinga

How crypto giant Binance built ties to a Russian FSB-linked agency

In April 2021, Russia's financial intelligence unit met in Moscow with the regional head of Binance, the world's largest crypto exchange. The Russians wanted Binance to agree to hand over client data, including names and addresses, to help them fight crime, according to text messages the company official sent to a business associate. At the time, the agency, known as Rosfinmonitoring or Rosfin, was seeking to trace millions of dollars in bitcoin raised by jailed Russian opposition leader Alexei Navalny, a person familiar with the matter said. Navalny, whose network Rosfinmonitoring added that month to a list of terrorist organisations, said the donations were used to finance efforts to expose corruption inside President Vladimir Putin's government. Binance's head of Eastern Europe and Russia, Gleb Kostarev, consented to Rosfin's request to agree to share client data, the messages showed. He told the business associate that he didn't have "much of a choice" in the matter. Take a look

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Top cryptocurrency News on April 23: The biggest moves in cryptos, NFTs and more - Moneycontrol

Cryptocurrencies have an air of being 100% secure. Yet the past year was full of hacks and scams resulting in billions of dollars worth of cryptos lost. Mostly, the large hacks have to do with the systems that help users transact, such as decentralized finance, or DeFi, platforms, many of them barely one to two-years-old. In other cases, the scams are simply pump-and-dump, rug pulls, or other schemes.

And just like most things cryptos, even the scams are sometimes shrouded in mystery. It is not always clear who scammed who who were the actual attackers or scammers and who really lost money. In fact, it is not always clear how much money was involved. In a few cases, it is not even certain that there was an attack whether the claims are false or overblown by hype.

What is clear is that in a decentralized system that has little in the way of oversight and regulation, investors should be ultra careful when it comes to crypto. (While relatively few dabble in crypto investment, everybody should be aware of identity theft risk. Here are the states with the most identity theft.)

To find some of the biggest and most famous cryptocurrency scams of the past year, 24/7 Wall St. reviewed media reports, trying to create a representative list of some of the biggest, more recent headlines involving crypto scams. The list is by no means exhaustive, nor does it necessarily list the scams with the most money involved (the sums are not always clear). Rather, it tries to provide a wide array of hacks and scams that made the most news over the past year alone.

Click here to see 20 biggest cryptocurrency scams of the past year

Cryptocurrency is a type of digital money that is secured via encryption technology that is immutable or unalterable. Cryptos have no physical form, such as bills or coins, and unlike most currencies are not issued by any government. Cryptos exist as digital blocks of data that are digitally signed each transaction this digital ledger is maintained across a peer-to-peer network called blockchain.

The first cryptocurrency to attain significant popularity was bitcoin, launched in 2009. Bitcoin (BTC) remains the most popular crypto system available, with about $800 billion in market capitalization as of April 20. Other large cryptos by market cap include ethereum (ETH) and tether (USDT), though many more cryptocurrencies are constantly created.

Cryptocurrencies are created (and secured via blockchains) through cryptographic algorithms in a process called mining, using a network of computers. This computing power for the mining process consumes a great deal of electricity, much of it carbon based as of early 2022.

Though similar to cryptos in that they are unique cryptographic tokens, NFTs short for non-fungible tokens are different in that they can represent real-life items like artwork and cannot be exchanged at equivalency. So while fungible items money, commodities, cryptos like bitcoins can be traded for one another in equal part or quantity, non-fungible items, like a unique artwork, cannot be replaced by another.

Scammers and hackers took in $14 billion worth of crypto in 2021 alone, according to blockchain analytics firm Chainalysis. Largely, this was the result of the rise of DeFi platforms, which are financial applications that allow people to transact without relying on intermediaries, such as brokerages and exchanges. And according to crypto-asset risk management firm Elliptic, DeFi fraud alone has topped $10.5 billion in 2021, with losses jumping by 600% from 2020.

Without intermediaries, there are also no terms and conditions, Chainalysis explains and adds that DeFi platforms also have many code vulnerabilities that hackers have managed to exploit. Hot wallets seem to be hackable, with private keys from hot wallets of many different crypto exchanges stolen. Rug pull scams also increased considerably in 2021.

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20 of the Biggest Cryptocurrency Scams of the Past Year - 24/7 Wall St.

The fall of cryptocurrencies such as Bitcoin and Ethereum that has been experiencing this 2022, especially in recent weeks, has generated fear among investors betting on digital tokens.

Just consider the drop of BTC in the last few hours, 3.12%, which so far this year amounts to 13.92%, while ETH has lost 2.59% of its value in the last few hours, while so far in 2022 it has lost 18.44%.

As expected, this negative effect has had consequences for other cryptocurrencies, such is the case of BNB, XRP, Solana, Cardano, Luna, and Avalanche, but the market drop does not seem to have reached its lowest point yet.

Due to its privileged position as the most valuable cryptocurrency in the market historically, Bitcoin's gains or losses are reflected in the rest of the digital tokens, which right now could be the worst possible news.

Crypto-investment experts do not rule out a drop from the average $40,000 level to the $30,000 level, a scenario that is alarming for all stakeholders in the subject.

"The signal for a break of the mild upward trend would be a consolidation below the $38,000 per bitcoin levels. If the bulls capitulate, the first cryptocurrency could be pushed into the $32,000 to $35,000 range without much resistance," Alex Kuptsikevich, FxPro senior market analyst, told Forbes.

Although there is no ideal formula to follow in case the cryptocurrency decline continues, there are some things you can do, such as diversify your investment portfolio, invest in more established cryptocurrencies, be informed of recent trends, keep liquid savings, and use a crypto exchange with low fees and simple trades.

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Cryptocurrency crash: Will crypto continue its price fall and what to do? - Marca English

Article written by Jeremy Foo, Founder and CEO at TripCandy

Over the past years, the popularity of cryptocurrencies has been growing at a wild pace and so has the consumer appetite for more use cases of crypto in travel. There may be a long way to go, but the progress has certainly been promising: Out of the top crypto-friendly industries, travel is number one, a recent study claims.

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Whether launched by an innovative crypto startup or a global behemoth, blockchain-based solutions have been flooding the space, with many designed to tackle the most prominent traveler pain points. For example, the consulting giant Accenture has recently partnered with the World Economic Forum (WEF) to launch the Known Traveler Digital Identity System. This blockchain collects and hosts data from frequent international travelers to streamline their next customs declaration and clearance experience.

Its now as clear as day that cryptocurrencies and their underlying principles are bound to have seismic effects on the travel industry. Heres how.

Trending Now

In January, Brian Chesky, the CEO of Airbnb, hit Twitter to survey the companys followers on what the company should launch this year. The result? Unsurprisingly, what came out on top of the list was being able to pay for bookings in crypto.

These findings go hand in hand with the results of another survey, which found that 22 percent of American travelers now want to pay with crypto. Luckily, the industry has wasted no time to react to this growing demand, with platforms like Expedia already allowing customers to pay for hotel bookings using Bitcoin. And airlines are starting to follow suit, with AirBaltic, Norwegian Air and LOT Polish Airlines being some of those already accepting crypto payments.

Crypto is plain perfect for travel because it can cement an industry that has been historically fragmented and rigid, with many manual and even paper-based processes. After all, a travelers experience entails various touchpoints, from car rentals and flights to restaurants, hotels or activity bookings. With a single, transparent system that bypasses gatekeepers and expensive third parties, travelers can pay for their experience in a way thats direct, faster and safer.

Enabling crypto payments is also the key to attracting increasingly growing demographics. The number of global crypto millionaires soared in 2021 to over 100,000, and theres considerable interest on their part to use their crypto gains on travel experiences, particularly those centered around luxury and personalized services.

According to MasterCard data, loyalty programs have never been as popular as they are today, with 90 percent of US adults belonging to at least one. For travel, loyalty and cashback programs are fundamental, helping businesses compete with aggregator platforms, bring back returning customers and encourage them to travel more often.

But while traditional loyalty programs have been around for decades, they have lost their shine compared to exciting crypto rewards.

The main hiccup of most loyalty programs is that they dont offer enough value. Today, the most common kind of reward programs are reward points, which are fully controlled by the company if it chooses to discontinue them or offer less in exchange, theres nothing a customer can do. However, cryptocurrency is decentralized, meaning that its value will fluctuate with market demand. And whats more: It empowers travelers to even trade or exchange their loyalty points for fiat, providing a new incentive for them to participate and gain value in new ways.

For example, Northern Pacific Airways, a new carrier planning to launch later this year, plans to reward frequent flyers with flyCoin. Customers will be able to redeem the token for free flights and elite airline status, among other things.

The use of cashback in the travel industry has been plagued by its problems, too. It tends to be very region-based and doesnt consider inflation, so the reward value diminishes over time. Crypto cashback allows customers to realize the value of their rewards and cashout or spend anywhere around the world no matter the currency. With crypto, cashback becomes a sort of investment: A traveler invests every time they book a trip and earns coins they can use for further experiences.

Non-fungible tokens (NFTs) will be a critical blockchain-powered innovation to shake up travel, too. Representing the true proof of digital ownership (that can manifest in the real world), NFTs could act as a form of passport or ticket to provide verifiable and transparent access to goods and services within the travel industry.

Lost or flawed reservations or a traveler having to use different platforms would be a thing of the past. With NFTs, travelers could simply have all the information stored in their wallets, decreasing the risk of fraud while enhancing their customer experience.

While the space is still in its infancy, theres immense potential. And pioneers are already taking action: For example, LynKey, a global platform that powers luxury resort and vacation properties with blockchain and artificial intelligence (AI), recently launched a marketplace project for tokenizing and offering NFT solutions for travel and tourism.

Ultimately, such efforts will help travelers avoid many pain points, including dealing with local currencies, the lack of transparency and losing money to exchanges and third parties. Crypto solutions will allow them to personalize, modify, cancel or even sell their trips without losing money and having to go through laborious bureaucratic processes.

Both travelers and travel businesses that have not yet ventured into crypto may find it intimidating. While there are certain challenges, including the rolling regulations and value fluctuations, these will get resolved as the market matures. When that happens, it will be the early adopters that will best know how to navigate the space and thrive.

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How Cryptocurrency Is Changing the Travel Industry - TravelPulse

HELSINKI, Finland, April 21, 2022 (GLOBE NEWSWIRE) -- Dual Miners has recently earned the distinction becoming the first company ever to introduce an extraordinary range of endothermic cryptocurrency mining rigs. A team of investors working towards making crypto mining simple and profitable. Others have argued that cryptocurrency mining is becoming increasingly difficult, but a new announcement from Dual Miners, which is currently releasing worldwide, the world's first dual-miner hardware, which uses both SHA-256 and Scrypt to mine.

Visit (https://dualminers.com/products/) for more information. Additionally, the dual-miners can be configured to process transactions for other cryptocurrencies that use the SHA-256 or Scrypt hashing algorithms.

Due to innovative hardware design, Dual Miner's mining chip, FM9800-XD112, achieves high hash rates while consuming the least amount of energy possible. They come with a built-in controller as well as software already installed. Following an extensive period of testing that included evaluating, prototyping, and extreme-condition pressure testing, the Dual Miner's DualPro and DualPro Max hardware products, as well as the DualPremium hardware products, are now ready for mass production.

Benefits of Using Dual MinersWhat are the advantages of using the Dual Miners Enhance Energy Saver system over other systems? According to the solution's inventors, each machine will be equipped with a cooling system, a 7-nanometer chip, a noise reduction mechanism, a regulated operational humidity with a power supply, and a wireless network connection (Wi-Fi) or an Ethernet connection. With a short delay, users can mine Bitcoin (BTC), Litecoin (LTC), Monero (XMR), Ethereum (ETH), and several other cryptocurrencies thanks to the algorithm attached to the system, which comprises globally known software and hardware technologies.

Dual Miner's team consists of seasoned professionalsDual Miners is a chip design and manufacturing firm with its headquarters in London, United Kingdom. It has a number of teams with in-depth expertise of blockchain technology and technological design.

The company, which has offices on three continents, provides crypto wallet development services as well as graphics processing units to customers. It also has a lot of experience in the fields of Blockchain development and bitcoin mining solutions, among other things.

Due to its extensive experience in the Blockchain business, Dual Miners is a reputable name in the field. It is as a result of this experience that it has been confirmed by firms such as Kraken, ASG Expertise, and FIS International. Dual Miners is putting its previous knowledge to good use once more in order to provide innovative solutions for Cryptocurrency consumers.

Pricing and Availability are important considerationsDual Miners will cover the delivery fee as well as the customs fee, leaving the consumer to pay only for the unit and receive everything they need to get started without any further charges. "Consumers are now aware that our competitors have been defeated. They are unable to obtain our power or take advantage of our incredibly low electricity expenses. Despite our small size, we have enormous mining power; the DualPremium generates 60 TH/s for Bitcoin and 2.1 GH/s for Litecoin, respectively. It's the best investment available on the market," says Michael Scott, Operational Director and Chief Operating Officer of Dual Miners.

About Dual MinersFounded in 2015, Dual miners, described as the worlds first dual-mining company, was established to develop and sell the worlds first leading dual Cryptocurrency miners using SHA-256 or Scrypt technology. Our goal, starting with the Dual Miners' DualPro, was to give more power at a lesser cost than was previously available. Dual Miners is headquartered in London, United Kingdom, and has offices all around the world. More information can be found atwww.dualminers.com

Michael Scott

PR MANAGERMichael@dualminers.com(+358) 41 4001034

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/16dc0570-9425-4920-bce1-4658333d6e81

Originally posted here:
Dual Miners Changing the Game in Cryptocurrency Mining - GlobeNewswire

Death isnt a happy topic to discuss, but its important to plan every scenario in advance, especially inheritance planning, also known as Estate planning to ensure that all your assets physical, financial and online are inherited and transferred to your loved ones, after your demise.

Whether it is gold, cash or a house, typically someone inherits it after it was put somewhere in a will by the deceased. But, what happens to crypto-assets after a person dies? The answer to that is not as simple.

With cryptocurrencies, the risk of losing assets or misplacing them is higher than with traditional assets. In this weeks column, we explain what happens to your crypto and non-fungible-tokens (NFTs) when you die, and how to set up your digital wallets so your loved ones can access them securely.

About 4 million Bitcoins have been out of circulation forever, as a result of people dying and not revealing their private keys. A private key is like a password. It is a string of letters and numbers that give you access to your crypto walletwhere your crypto coins and NFTs are stored securely.

Billions of dollars worth of cryptocurrencies have been lost forever, due to the owners dying and their family members or close ones not being able to retrieve the crypto assets from their wallets.

In 2018, Matthew Mellon, a Ripple investor who held $1 billion worth of XRP died and it was lost forever. In 2019, Gerald cotton, the CEO of a Canadian exchange QuadrigaCX, died and he was the only one that had access to $190 million worth of Aetherium.

The bottom line is, in both of these cases, only the deceased had access to the cryptocurrency, and with them, their assets are lost forever.

Cryptocurrencies are stored in your crypto wallets built on blockchain technology that stores digital assets cryptographically, making it impossible for someone to hack your private keys.

Without the private keys, you cannot claim ownership to any crypto assets. Court orders or any other legal document wont be worth it, if you dont have private keys.

Before we delve into the details of securing your crypto assets, its important to plan whom you give access to your digital assets.

Remember, choosing the right person to give access to your crypto wallet is not just about trust, its about choosing someone who is technologically savvy and understands how to retrieve a crypto wallet.

For instance, say Raj has 2 Bitcoins that he wishes to leave for his brother Sham, in the unfortunate event he dies. However, Sham has no idea how to use a cryptocurrency wallet or an exchange. In this scenario, Sham would most likely employ someone to help him access the cryptocurrency and then liquidate it. This can pose a significant risk. The employed person could transfer all the funds in their walletand we are familiar that such crypto scams are quite prevalent in the crypto universe.

This is only one such scenario. Even if Sham learns how to use crypto-wallets, there are other risks associated: sending crypto to the wrong address, getting locked out of devices or withdrawing assets using the wrong token standards.

Another factor to consider is how much information should you give out? Obviously, youd have to give out your private keys, but can you trust only one person with your crypto assets or could you divide the information among several people.

It is a safe bet to divide your bets across a group of people, although it has its pros and cons. An individual would not be able to withdraw your assets or steal your assets, but the drawback of listing multiple parties is that the whole system collapses if one person mislays any piece of the information.

The first thing to do before making a will is to transfer all your crypto assets to a hardware wallet. While online wallets are the easiest to set up and use but are also the most susceptible to cyber-attacks. One way to secure your cryptocurrency is to use a hardware wallet instead of an online wallet.

A hardware wallet stores private keys in a secure physical device, it is one of the best ways to protect your cryptocurrency. Moreover, they are immune to computer viruses, making it virtually impossible for hackers to steal your coins.

Make it easier for your loved ones to find and gain access to your crypto wallet. Write a step-by-step guide that explains how to access your cryptocurrency. Ensure that the provided information is stored somewhere on a password encrypted hard disk so that it doesnt go in the wrong hands.

When writing the instructions, assume that your beneficiary knows nothing about cryptocurrency. Here is a sample of the instructions that could be given.

#Name of the exchange that hosts your cryptocurrency. (WazirX, Binance, etc)

#Steps to log in: Username and password

#For physical wallets: Private wallet keys

#For account recovery a 12- or 24-word secret seed phrase

#In case you have two-factor authentication (2FA) switched on, provide either the location and password of the device where the Authenticator app is stored.

#If your accounts are set up to receive OTP on mobile phones, include details of the location and password of your current mobile device.

#Password or pin to your hard-disk.

After finalising the list, a complete walkthrough of these instructions will ensure that you included all the information your loved ones need to access your cryptocurrency.

Now that you have secured your crypto assets for your descendants, call up a lawyer and draft a will clearly stating who owns the access to your crypto assets, after you pass away.

In case you dont list crypto in your will, it falls into the residue of your will. Residue or remainder is a list of everything you own that isnt accounted for in your will. This includes your clothing, subscriptions, any personal items, etc.

Lastly, in the will, make sure to mention where to find your cryptocurrency. Bequeathing cryptocurrency to your loved ones requires way more planning and effort than any other traditional assets. It is better to start off as early as possible, before its too late.

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What happens to your cryptocurrency and NFTs when you die? Preplan or lose it forever - The Indian Express