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What are the Safest Ways to Store Bitcoins in 2021?

Republished by Plato

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Bitcoin has been on the top list of cryptocurrencies due to its significant rise in price since the concept of crypto came into existence.

After the sudden rise in price from $900 to nearly $20,000, making the world astonished in 2017. Many people thought something was wrong with Bitcoin, and they left the market.

The value of Bitcoin fell below $6,000 that forced many traders to be skeptical about it. Again, it kept the entire world ablaze by surpassing the previous all-time high in Dec 2020 and reaching a new peak price of nearly $42,000 in Jan 2021.

Many new investors entered the Bitcoin space, but they are not sure about the safest way to store Bitcoin.

Safest Ways to Store Bitcoin

First of all, you need to choose a secure wallet from the various options available in the crypto market.

How to Keep Your Bitcoins Securely in Crypto Wallets

Usually, there are five types of wallets, and you need to choose which one is suitable as per your requirement. Moreover, you need to consider some essential factors to store your crypto assets in them safely.

Mobile Wallets

These types of wallets are quite popular due to the advanced features and easy-to-use interface. You can make payments in Bitcoin by scanning the merchant’s QR code through your mobile wallet. Also, you can transfer, exchange, buy, and sell with these wallets. However, security is one concern that you can manage by being cautious.

Bitcoin Wallet

Ensure to choose a legitimate wallet with good reviews in the play store or app store. Check the security features and ensure that it provides either two-step or biometric verification or both. Keep a backup of your private keys so that you don’t face any issues if you lose it or any damage occurs to your phone.

Web Wallets

These types of wallets can be accessed from your computers and from your smartphone by logging into your crypto account from anywhere. Although it provides the convenience to access your Bitcoins easily, it lacks security because your money is kept with third party storage.

Desktop Wallets

Desktop wallets are also great options that are relatively secure than mobile and web wallets. The good thing about a desktop wallet is it keeps your Bitcoins offline when you are not doing any transactions. So, it’s one of the best ways to store your Bitcoins, but you cannot access your coins if you don’t have your desktop with you.

Some important tips to ensure that your Bitcoins are stored securely: Select a desktop wallet by comparing the security features. Keep your private key safe and have a backup. Don’t give access to your computer password to everyone. Use antivirus to protect your computer from virus and malware attacks.

Paper Wallets

Paper wallets are more secure than the above three wallets as it keeps your Bitcoins offline. Nobody can access your private keys from your paper wallets. However, you need to keep a record of your private keys because if you lose them, you permanently lose them.

Hardware Wallets

There are various physical forms of these wallets, but the most popular one is the USB type wallets. However, these are some precautions you need to take while using a hardware wallet. You need to purchase a hardware wallet from a reliable crypto wallet firm.

Make sure you keep it in somewhere that only you and the person with whom you will leave the money know about the place. Losing the hardware wallet will be a permanent loss, so be careful about it.

Conclusion

Hopefully, the above information has given you some insights into how to store your Bitcoins securely. You can learn bitcoin trading strategies and earn good profits by taking your time and learning how. Whether you choose a digital wallet or a paper wallet, or a hardware wallet, make sure that you consider the necessary factors before selecting one.

Source: https://e-cryptonews.com/what-are-the-safest-ways-to-store-bitcoins-in-2021/

Blockchain

VANCAT (VANCAT) NFT Marketplace Has Been Listed on BitMart Exchange

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[PRESS RELEASE – Please Read Disclaimer]

BitMart, a premier global digital asset trading platform, has listed VANCAT (VANCAT) on May 4, 2021. For all BitMart users, the VANCAT/USDT trading pair is now available for trading.

VANCAT is an innovative platform that allows users to easily deposit BEP20 tokens into NFTs. The VANCAT token is the governance token of the platform. On VANCAT, an NFT can be transformed into a basket holding a number of other tokens.

The platform releases the first decentralized application (DApp) on top of the VanCatToken Protocol, focusing on art and collectible NFTs. The app works as a marketplace that allows users to mint or create their own NFTs or purchase NFTs created by other users.

VANCAT also creates a new way of minting NFTs: “VANCAT Fertilization”. To perform fertilization, a user must have both VANCAT Sperm Token (VCSPERM) and VANCAT Egg Token (VCEGG). For every fertilization, 10 million VCSPERM and 1 VCEGG are burnt to create two transaction hashes. With these two hashes, Artificial Intelligence (A.I.) technology will be used to generate a code (DNA) for creating unique NFTs.

“The VANCAT platform undoubtedly infuses new life into the NFT world,” Sheldon Xia, Founder and CEO at BitMart, commented, “The platform provides more opportunities for NFT artists and we believe the listing of VANCAT on BitMart will carry the development of the NFT marketplace forward.”

“NFTs are the future of art,” Bill Musk, the Marketing Manager at VANCAT, commented, “BSC is the cheapest way to create NFTs and VANCAT is the best platform to mint, buy and sell NFTs.”

About BitMart

BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinGecko. BitMart currently offers 400+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.

About VANCAT

VANCAT is a new protocol layer that enables a new world of NFTs. The project releases the first decentralized application (DApp) on top of the VanCatToken Protocol, focusing on art and collectible NFTs. VanCatToken allows users to easily deposit BEP-20 tokens into NFTs. To learn more about VANCAT, please visit their website and join their Telegram.

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Source: https://cryptopotato.com/vancat-vancat-nft-marketplace-has-been-listed-on-bitmart-exchange/

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Blockchain

FOX Partners with Rick and Morty Co-Creator to Launch NFT Marketplace

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Fox Broadcasting Company partnered up with Dan Harmon – co-creator of Rick and Morty – to develop animated series based on blockchain technology. The comedy series, dubbed ‘Krapopolis,’ will introduce the sale of non-fungible tokens illustrating the characters and artwork featured in the show.

Fox Enters The Crypto Community

The American commercial broadcast TV network Fox announced its partnership with ‘Rick and Morty’ co-creator Dan Harmon. The collaboration will aim to develop ”the very first animated series organized entirely on the blockchain.”

The popular comedy series, called ‘Krapopolis,’ will launch NFTs depicting Rick, Morty, and the other main characters of the animation. The show also plans to reward its most devoted fans with tokens that grant ”exclusive social experiences.” However, details are scarce about when exactly the project is set to start.

Furthermore, Fox revealed it will launch the new NFT company ”Blockchain Creative labs”, which is expected to connect with ”Krapopolis” and other shows in the near future.

Charlie Collier – Fox Entertainment CEO – outlined the company’s inovation and revealed his intention to add advertising partners to it:


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”Not to go too far today, but as an adviser-centric, artist-first, and animation-obsessed company, Fox will lead advertisers into the world of blockchain-powered tokens, including the NFTs.”

The Rise of NFTs

The mass craze around non-fungible tokens has been a hot topic lately. Many celebrities and famous sportsmen such as Tyson Fury, Floyd Mayweather, and Eminem launched their own NFT collections. Moreover, the seven-time Super Bowl champion Tom Brady revealed his intentions to launch his own NFT platform, called Autograph.

One of the most iconic sci-fi movies, Star Wars, also joined the NFT bandwagon. As CryptoPotato reported at the beginning of May, the fans of the franchise will have the chance to interact with more than 800 collectibles built as NFTs called StarColls.

The project aimed to commemorate the legendary series and outlined a ”new era for Star Wars memorabilia collecting when two forces like Star Wars collectibles and blockchain technology merge.”

Somewhat expectedly, the early registration for the Star Wars NFTs started on May the 4th. The fans of George Lucas’ iconic invention know the significance of this date, as it became the ”informal commemorative day” celebrating the saga.

Featured Image Courtesy of HighSnobiety

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Source: https://cryptopotato.com/fox-partners-with-rick-and-morty-co-creator-to-launch-nft-marketplace/

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Blockchain

SingularityNET Partners With Ocean Protocol Prior to the AI-Based DeFi Fund Launch

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[Press Release – Amsterdam, Netherlands, 18th May 2021]

SingularityNET’s first DeFi spin-off project, SingularityDAO, is announcing today their partnership with leading decentralized data provider Ocean Protocol.

The collaboration will see the OCEAN token’s inclusion in SingularityDAO’s index fund/investment portfolio. Moreover, SingularityDAO is designed to leverage AI at multiple levels: AI manages dynamic token-sets, executes predictive market-making strategies to provide liquidity for these token-sets on DEXs, and predictively models hedging strategies.

All this AI requires a lot of data to learn and improve, which is why SingularityDAO is a natural user of Ocean data sets – data sets published via Ocean Market (and other Ocean-based markets) into the Ocean ecosystem. The Ocean ecosystem is host to many diverse and varied trading and DeFi data sets. These make excellent candidates for consumption by SingularityDAO’s AI agents to enhance its financial modeling.

I’m really excited by the opportunity to work together with Ocean Protocol, one of the most respectable projects in crypto that has been constantly delivering community-driven, decentralized data solutions. SingularityDAO will constantly make use of data to train our ML and I can’t think of a better partner than Ocean Protocol. – Marcello Mari, CEO at SingularityDAO

The news follows the successful completion of a total of $5.2 million raised in three different rounds for the highly anticipated Governance Generation Event on MANTRADAO, which reached its hard cap within less than 2½ hours.

The protocol, described as ‘DeFi meets decentralized AI,’ held the event exclusively for SingularityNET $AGI holders and attracted 5,800 registrations in one week. The token sale raised $1.6 million (8,000,000 SDAO).
The successful Governance Generation Event follows a recent private sale wherein SingularityDAO raised $2.7 million of funding from a number of top-tier investors such as AlphaBit, Marshland Capita, GBV, and SMO Capital. SingulariyDAO’s governance token has been generated on May 13th and distributed on the same day. It is currently trading on Uniswap.

About SingularityDAO

SingularityDAO is a decentralized platform, governed by the SDAO token, tasked with governing DynaSets. DynaSets are diversified baskets of cryptocurrency assets dynamically managed by AI and curated by the protocol. SingularityDAO brings the financial sophistication of AI-managed funds to DeFi, deploying SingularityNET’s AI technology to navigate complex markets.

About Ocean Protocol

Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world.
Data is a new asset class; Ocean Protocol unlocks its value. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.

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Source: https://cryptopotato.com/singularitynet-partners-with-ocean-protocol-prior-to-the-ai-based-defi-fund-launch/

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