In the cryptocurrency space, screen sharing scams are a growing threat.
This type of scam often comes in the form of technical support or investment advisors.
Which attracts victims to share their computer or phone screen through software like TeamViewer or AnyDesk.
Once the victim agrees to share the screen, the scammer can access and control the victim's device, thereby stealing sensitive information such as access to the cryptocurrency wallet.
For the sake of the safety of your funds, DO NOT share your screen under any circumstances.🙏
1- Binance was born thanks to a poker game. Its founder, Changpeng Zhao, learned about Bitcoin in 2013 during a poker game at home. Since then, he dedicated himself to the world of cryptocurrencies and launched Binance in 2017.
2- Binance has a philanthropic area called Binance Charity, which is dedicated to promoting the transformative action of donating cryptocurrencies for social good. Through this initiative, Binance has supported projects such as Lunch for Children, which provides meals to children in countries such as Uganda and Kenya.
3- Binance has its own native cryptocurrency: Binance Coin (BNB) $BNB , which was first issued during the Binance Initial Coin Offering (ICO) in 2017. BNB is one of the most traded coins on Binance and offers discounts on platform rates.
4- Binance has an easy-to-understand, interactive and intuitive touch screen responsive interface and design. It can be accessed from a smartphone with the same (and even more) functionalities as on the web. Additionally, Binance offers live streams directly in its app, where you can watch experts and industry leaders speak on topics of interest.
5- Binance offers a wide variety of trading options, with over 500 cryptocurrencies and tokens available. In addition to the best-known ones such as Bitcoin, Ethereum or Litecoin, Binance also allows you to operate with less common ones such as Solana, XRP or Dogecoin.
What is DeFi and how is it revolutionizing the financial sector with cryptocurrencies?
DeFi, or decentralized finance, is a movement that seeks to create an open, transparent, inclusive and intermediary-free financial system, using blockchain technology and cryptocurrencies. DeFi allows users to access financial services such as loans, savings, investments, insurance, payments and more, without depending on banks, companies or governments.
DeFi is based on the creation of protocols, applications and smart contracts that operate on public and permissioned blockchain networks, such as Ethereum, Binance Smart Chain, Solana, Cardano and others. These protocols, applications and smart contracts connect to each other, forming an interoperable and composable ecosystem, where users can interact with different financial services and products.
DeFi uses cryptocurrencies as a medium of exchange, store of value and collateral. Some of the most important cryptocurrencies in DeFi are:
- DAI: It is a stablecoin, that is, a cryptocurrency that maintains a stable value compared to another currency or asset. DAI is pegged to the US dollar, and is created by locking other cryptocurrencies as collateral in the MakerDAO protocol. - UNI: It is the governance token of Uniswap, a decentralized exchange platform that allows users to exchange any cryptocurrency pair without intermediaries or commissions. UNI is used to participate in the management of the platform, access benefits and rewards, and provide liquidity to the market. - AAVE: It is the native token of Aave, a decentralized lending platform that allows users to lend and borrow cryptocurrencies with variable or fixed interest rates. AAVE is used to participate in the security and governance of the platform, access discounts and rewards, and obtain privileges such as flash loan and liquid collateral.
These are just a few examples of the cryptocurrencies powering DeFi, but there are many more. #Write2Earn
What is the metaverse and why is it important for cryptocurrencies?
The metaverse is a concept that refers to a shared virtual universe, where people can interact, create, play and work with other people and digital objects. The metaverse is based on augmented reality, virtual reality, artificial intelligence and blockchain technology. The metaverse is a vision of a future where the physical and digital worlds merge, creating new possibilities and experiences.
Cryptocurrencies are a key element for the development of the metaverse, since they allow the creation of a decentralized, transparent and secure digital economy. Cryptocurrencies can be used to buy, sell, and rent virtual goods and services, such as land, art, games, education, and entertainment. Cryptocurrencies can also be used to create and govern virtual communities, where users can participate and collaborate on common projects. Cryptocurrencies can give users more freedom, ownership, and creativity in the metaverse.
Some examples of projects that are building the metaverse are Decentraland, Sandbox, CryptoVoxels, Somnium Space, and Axie Infinity. These projects use cryptocurrencies such as Ethereum, Binance Coin, MANA, SAND, AXS and SLP to create virtual worlds where users can explore, socialize and monetize their activities. These projects also use non-fungible tokens (NFTs) to represent unique and unrepeatable objects in the metaverse, such as art, music, collectibles, and pets.
The metaverse is a trend that is revolutionizing the world of cryptocurrencies and Web3. The metaverse offers an opportunity to create a new way of living, learning and having fun in the digital world. If you want to know more about the metaverse and cryptocurrencies, I invite you to follow me on Binance Square, where I share more content on this topic. You can also leave me your comments, questions and suggestions. See you in the metaverse!$BTC $ETH $BNB
The halving in Bitcoin is a scheduled event that occurs approximately every four years, designed to halve the reward miners receive for verifying transactions on the Bitcoin network. Originally, when Bitcoin was created, miners received 50 bitcoins per block mined. With each halving, this reward is halved, meaning that now 25 bitcoins are awarded, then 12.5, and so on.
This reward reduction mechanism is built into the Bitcoin protocol to limit the total number of bitcoins that will ever exist, reaching a maximum of 21 million bitcoins. The halving has an effect on the supply of bitcoins, which has historically led to increases in price due to increased buying pressure due to the reduction in the number of new bitcoins being generated.
AND THE BITCOIN MINERS WHAT?
The last Bitcoin is expected to be mined around the year 2140, according to the protocol established in the Bitcoin code. At that point, all of the planned 21 million bitcoins will have been produced. As this limit approaches, the miners' reward for adding new blocks to the blockchain will gradually decrease until it reaches zero. From then on, miners will continue to verify transactions, but they will no longer receive rewards in the form of new bitcoins. Instead, they are expected to rely on transaction fees as an incentive to keep the network running.
What is a (Stable Coin) and what is its main difference from the most common cryptocurrencies such as Bitcoin or Ethereum?
A Stable Coin is a cryptocurrency designed to maintain a stable value, usually pegged to a fiat currency such as the US dollar or a reserve of assets. The main difference with other cryptocurrencies is its price stability, since it seeks to minimize the volatility associated with cryptos such as Bitcoin or Ethereum.
Stable Coin Cryptocurrency Example Tether USDt (USDT) USDC (USDC) DAI (DAI) TrueUSD (TUSD) First Digital USD (FDUSD) Pax Dollar (USDP)
Its value tends to vary very little between (1 USD) to (0.9997 a little more a little less but never very far from 1 USD)
Examples of cryptocurrencies with high volatility Bitcoin (BTC) Ethereum (ETH) Binance Coin (BNB) LiteCoin (LTC) SOLANA (SUN) Perpetual Protocol (PERP)
Its volatility varies greatly A brief example with Bitcoin (BTC)
You have 1 Bitcoin valued at $43,555.09 In days or hours that value can increase enormously or decrease in value, for example, $43,555.09 becomes a Bitcoin coin worth $37,555.09.
or from $43,555.09 it costs enormously to $68,555.09 for one Bitcoin coin. $BTC $ETH $BNB
7 important tips to protect your #Binance account from hackers or phishing
1. **Two-factor authentication (2FA):** Enable two-factor authentication using apps like Google Authenticator or Authy. This adds an extra layer of security by requiring a unique code along with your password to log in.
2. **Use a strong password:** Choose strong and unique passwords for your Binance account. Avoid using simple or repeated passwords across multiple services. Consider using password managers like Last Pass. to generate and manage strong passwords.
3. **Login Verification:** Set up notifications to receive email or text message alerts every time you log in from a new device or IP address. This will allow you to detect and act quickly on suspicious activities.
4. **Keep your security information up to date:** Make sure your contact information, such as email address and phone number, is up to date. This will make the account recovery process easier if a security issue ever arises.
5. **Avoid suspicious links and emails:** Be alert for emails or links that request personal information or credentials for your Binance account. Binance does not typically request this information through unsolicited emails. Always access your account by typing the Binance web address directly into your browser.
6. **Use reliable antivirus the 3 most trusted and private are +Malwarebytes + Kaspersky + Norton antivirus
7.** Don't leave the Binance session open in unsafe places like cafes, libraries, your friend's house, hotels devices that are not yours Do not use public WIFI such as the one in the park or cafes without a reliable VPN such as Proton VPN or NordVPN
These measures will help strengthen the security of your Binance account and protect your digital assets.
Strategies to maximize your cryptocurrency investments
1. **Research before investing:** Make sure you understand the assets you plan to invest in. Examines its history, underlying technology and future prospects.
2. **Diversification:** Don't put all your funds in a single cryptocurrency or asset. Spread your investment across different types of assets to reduce risk.
3. **Set limits:** Set profit and loss limits. This will help you control your emotions and make more rational decisions.
4. **Follow the news:** Stay up to date with news and events that may impact the cryptocurrency market. Changes in regulations, technological advances and project announcements can influence prices.
5. **Be patient and disciplined:** Investments often take time to bear fruit. Maintain a long-term mindset and avoid making impulsive decisions based on sudden market movements.$BTC $ETH $BNB