Articles from May 2023

Cryptocurrency has been a topic of discussion for a while now, and with good reason. It has already started to change the way we think about finance. But what does the future hold for cryptocurrency?

In this article, we will discuss where cryptocurrency is going in the next 10 years and how it will change the future of finance.

• Decentralization

One of the main reasons cryptocurrency has the potential to change the future of finance is its decentralized nature. Cryptocurrencies like Bitcoin and Ethereum are not controlled by any central authority, which means that they are not subject to government regulations or the whims of a small group of individuals. This makes them more resistant to manipulation and corruption.

In the next 10 years, we can expect to see more and more businesses and individuals use cryptocurrency as a way to conduct transactions without the need for intermediaries. This will not only make transactions faster and cheaper but also more secure.

• Accessibility

Another way cryptocurrency is changing the future of finance is through accessibility.

Anyone with an internet connection can use cryptocurrency, regardless of where they are in the world. This is particularly important for people who do not have access to traditional banking services.

• Innovation

Finally, cryptocurrency is driving innovation in the financial industry. The underlying technology behind cryptocurrencies, blockchain, has the potential to revolutionize the way we think about security and transparency in finance.

In the next 10 years, we can expect to see more and more companies harness the power of blockchain to develop new financial products and services.

This will not only lead to more innovation but also create more competition in the financial industry, which will ultimately benefit consumers.

How to Buy Crypto with Blockchain.com

1. Go to Blockchain.com and create an account.
2. Verify your identity
3. Add funds to your account: Add funds to your account using a credit card, bank transfer, or other payment methods.
4. Navigate to the “Buy Crypto” tab and select the cryptocurrency you want to buy. Enter the amount you want to buy and confirm the transaction.
5. Once your purchase is complete, you can store your crypto in your Blockchain.com wallet.

It’s important to remember that the market is unpredictable, and individuals should always do their due diligence before making any investment decisions.

This information is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax or financial advice from a professional advisor.

Cryptocurrency: Changing the Future of Finance was originally published in @blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Cryptocurrency can be a volatile investment. Prices can swing wildly in a matter of hours or days, making it difficult for individuals to know when to buy or sell.

However, downturns in the market can be the perfect time to buy crypto. Here’s why:

• Lower Prices

During a downmarket, crypto prices are generally lower than during a bullish market. This presents an opportunity for individuals to buy the same amount of cryptocurrency for a lower price. When the market eventually recovers, the value of the cryptocurrency will rise, and the investor will have made a profit.

• Long Term Potential

Cryptocurrency is still a relatively new technology. It has the potential to revolutionize the way we do business, store value, and transfer funds. Buying crypto during a downmarket means investing in this potential for the long term. While the market may be down now, the potential rewards could be significant in the future.

• Diversification

Buying cryptocurrency can be a way to diversify your investment portfolio. It offers a different type of asset than traditional stocks and bonds. By buying crypto during a downmarket, individuals can spread their risk across different types of investments.

• Opportunity for Learning

During a downmarket, you have the opportunity to learn more about cryptocurrency and the market — learn about the technology behind different cryptos, and develop a better understanding of how the market works.

This knowledge can be valuable for future purchases and can help individuals make informed decisions.

How to Buy Crypto with Blockchain.com

1. Go to Blockchain.com and create an account.
2. Verify your identity
3. Add funds to your account: Add funds to your account using a credit card, bank transfer, or other payment methods.
4. Navigate to the “Buy Crypto” tab and select the cryptocurrency you want to buy. Enter the amount you want to buy and confirm the transaction.
5. Once your purchase is complete, you can store your crypto in your Blockchain.com wallet.

It’s important to remember that the market is unpredictable, and individuals should always do their due diligence before making any purchase decisions.

This information is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax or financial advice from a professional advisor.

Should You Buy Crypto in a Downmarket? was originally published in @blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

We’ve all received strange emails, an unexpected message from an unknown sender requesting funds or an unsolicited password reset. These emails look genuine, but should we trust them?

Phishing (pronounced “fishing”) is an online attack that attempts to steal your money or identity, by getting you to reveal personal information.

At Blockchain.com we’re committed to help keep you safe online, so in this article we dissect an actual phishing attempt email, highlighting the tactics used.

Tactic 1: “From” address impersonation

In this example, the scammer has sent this email from an email address which is similar to our official email address: notify@wallet-tx.blockchain.com

Be vigilant about possible omissions or incorrect characters in email addresses.

You can also check our official email communications address here

Tactic 2: Log-in information requests

If you get an email or text message (SMS) asking for your Blockchain.com account email, phone, password, or Private Key it most likely is a scam.

We’ll never ask you for login information or recovery phrases in a text or email. This includes:

• Credit or debit card numbers
• Bank account details
• Account passwords
• Blockchain.com Private Keys
• Blockchain.com Secret Recovery Phrase

Tactic 3: “Appearing” helpful

See here, the scammer is advising to use 2FA in order to increase security.

We often see scammers sprinkling through what appears to be “helpful” hints and tips as a decoy tactic.

Tactic 4: Using official logos and links

Many phishing emails will consist of standard company logos and official sounding language to make it appear to be real.

While there is no clear way to check if the logo is being used genuinely, it’s important to remain vigilant that scammers will try their best to make the email look as professional as possible.

Phishing attacks are getting more and more sophisticated, with new tactics emerging all the time. The most important thing to remember is that at Blockchain.com, we will never ask for your login information, through any form of communication.

If you have any doubt, open a Support Center Ticket here to confirm the validity of a request.

Email Phishing: How to Spot a Scammer was originally published in @blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.