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Recently, there is multiple news on the scams happening across the world. Cryptocurrency is a hot property currently. There are a lot of scams and frauds associated with it. Multiple ways developed to steal the cryptocurrency. They are hacking, phishing, SIM jacking, scams, extortion, and many more. Fake websites, calls from impostors, too good to believe offers are also threats.  You need to have an approach to ensure maximum fund security. Check out the below ways for best results:

1. Your wallets should have a renowned origin

   There are a lot of businesses claiming to provide secured crypto wallets. Many companies are providing too good to believe offers for crypto-wallets. So, it is better to choose a crypto wallet from a reputed and well-known company.

2. Perform some research

   There is a range of different wallets available currently. There is a range of benefits too. Some are hardware, some are software and other types are also present. So, you need to check the things that suit you best before going for a wallet. Of course, security is definitely a major concern.

3. Better to keep your coins in a cold wallet

   It is advisable to keep your crypto coins in a hardware wallet. It prevents the risks of getting hacked or stolen by fraudsters and hackers. So, please keep a small number of your coins in the exchange or software wallet. Experts say that online wallets are more susceptible to fraud and scams.

4. Don’t keep all the funds in one place

   It is better to keep your cryptocurrencies in different places. Keep some in a hardware wallet. Keep some amount in the exchange for trading. If any malware attack happens, then you will not lose all your money. So, please don’t keep your funds in one place.

5. Keep the private keys safely

   Private keys are important for cryptocurrency. Moreover, you should not share your private key with anyone. So, make sure to have the private keys in a very safe place.

6. Create alternative storage for private keys

   There should be alternative storage for your private keys. Keep the private keys in a wallet (preferably hardware wallet) or cloud. If anyone’s service does not work, you have a backup in an emergency.

7. Keep strong passwords

   The wallet’s protection is very essential. Your password should be hard to guess. Therefore, lesser chances of hacking. Hackers use sophisticated tools to crack the passwords. Please avoid using common passwords.

8. Use secured networks

   Please use secured and private networks. You should use a secured network while trading with cryptocurrency. Please avoid public networks or Wifi, as hacking is a threat at any point in time. Also, use your personal computer to do such transactions.

9. Keep your investments private

   Keep your investments and private accounts a secret. The information related to your investments should be private. Avoid discussing this information with others.

10. Don’t get involved in huge trades

    Always try to conduct small trades. Avoid doing huge trades at once. Bigger trades means greater risks. So, make it small and simple.

These are the ways to keep it safe and secure. But you have to first choose the right wallet so that you could prevent hackers.

Chainlink and GitHub commits

Chainlink (LINK) is an Ethereum token, that works on the decentralized Chainlink network. The network helps to connect securely to external sources. It happens through smart contracts on Ethereum. The token gets connected to external data sources, API, and payment systems by the network.

GitHub is a platform that allows people to build software. The GitHub user count is over 50 million. It provides help with version control and collaboration between software. It allows its users to work on multiple projects from anywhere. The commits are basically the saved changes in GitHub. All the commits have a message associated with them. This message gives a description of the recently made changes. So, commit messages to capture the history of changes. So this provides the understanding of the status of completion to other users.

The increase in GitHub commits

An analysis by a team at Santiment feed shows the following results. Since mid-2020, the developers are working very hard on the Chainlink project. So, the team pointed out that due to developers’ work, the GitHub commits to keep on increasing with time. The team made significant observations relating to both events. They linked the price hike of Chainlink with the decreased activity in commits. As per the team, a small drop in activity of commits results in an increased price of Chainlink. So, the commits are directly related to the Chainlink token’s price in the market. The team managed to establish the relationship between the above.

The impact

Chainlink is now in the $21 support zone. Bitcoin is in the $30,000 to $32,000 price cap. Though Bitcoin is the king in the crypto world, it has its own challenges. Recently, Bitcoin prices dropped to $30,333. The drop seemed to be an attempt to print a double bottom that was around $28,800. The lowest price is an impact of the panics in the crypto market. When the reports of a $22 Bitcoin got sensationalized, the crypto market panicked. Due to this event, Bitcoin touched $28,800.

There is a lot of altcoins and cryptocurrencies are available in the market. But the Chainlink’s fate is getting linked to Bitcoin. On this Friday (Jan 29), many BTC futures and options will expire. Bitcoin price shall be heavily impacted. Due to this, Bitcoin will experience high volatility, impacting the change in price. So, there will be an expected change in the Chainlink token’s price. It would be interesting to see that Chainlink will reach a halt or continue to grow.

Conclusion

This week will see a lot of changes in the crypto world. The Crypto market will face the impacts of BTC expiry. Bitcoin will see a significant change in its price. Chainlink prices will be impacted. It will make the scene very clear to Chainlink’s investors to predict the future. It will show the future of Chainlink and where it is getting headed.

Some interesting news about known universities in the world came to the front. As per Ian Allison, many Ivy League universities are showing interest in cryptocurrencies. They are buying and investing in cryptocurrencies. These universities include the University of Michigan, Yale, Brown, and Harvard. In addition, these prominent schools and colleges are supporting crypto exchanges. Coinbase and many other trading platforms are getting benefited from this. Also, the reporter explained that many colleges and universities are buying digital currencies. They are purchasing the cryptocurrencies from specific exchanges.

The report

The endowment programs of these reputed universities are quietly buying cryptocurrencies. In addition, he found from her sources that quite a few universities are doing this. Some of the colleges are allocating a small number of their funds to cryptocurrency. Sources also confirmed that some colleges have stored funds on the crypto exchanges for a year or so. Also, there are few other notable things that came from the sources. Since mid-2019, universities and colleges are into the crypto business. Most of the colleges are doing this for at least a year. Expectations are that the colleges will open up this year about this investment. Above all, the colleges will have expectations of getting high returns. Due to this investment at this point in time, they will be expecting much higher profits. It is all because of the increasing market price of cryptocurrencies.

Few important incidents

It is evident that many well-known universities and colleges are purchasing bitcoin. They are also investing in other cryptocurrencies. They are into the crypto funds for their endowment programs. The University of Michigan invested in cryptocurrency back in February 2019. The university did this of its requirements for endowment programs. In addition, the investment in cryptocurrency got managed by Andreessen Horowitz. Reports stated that Ivy League school Yale invested in cryptocurrency in May 2019. Yale did the investment in crypto fund Paradigm. Yale has the second-largest endowment program in higher education currently.

Status from all around the world

A lot of colleges around the globe are putting their hands into cryptocurrencies. The recent boom in the crypto world triggered these incidents. More and more universities and colleges are going in this direction. For a long time, colleges are investing a small portion of their funds into cryptocurrencies. Many high net worth individuals made donations to universities and colleges in cryptocurrencies.

Conclusion

A number of universities accepted digital currency donations. Some schools have crypto backers funding them regularly with digital assets. Many other schools also accept bitcoin and cryptocurrencies. Some colleges also have elective courses on blockchain technology. Few of the colleges are Standford, MIT, Cornell, Puget Sound, and Princeton. This might prove to be a revolutionary step in the crypto world. In conclusion, the support from big universities and schools would help the growth of cryptocurrencies. It won’t be wrong that many universities will only accept cryptocurrency in the future. These events stand in favor of the crypto market. This shows that the bright future and global acceptance of cryptocurrencies.

According to the latest news, Bitcoin is trending currently in the digital market. Digital currency and assets are in demand. Digital assets are trying to change the financial face of the globe. Recently, Mrs. Janet Yellen also provided her opinions on cryptocurrencies. Yellen is a nominee of Joe Biden’s Treasury Secretary. In addition, she will be holding an important post in Biden’s cabinet if selected. Her comments on cryptocurrency changed significantly in the recent few days.

The preliminary thoughts

She was against cryptocurrency. Moreover, she mentioned that digital currency is a real concern. The digital currency has its usage majorly for illicit financing. She focused on the technology that we need to adapt to deal with the crypto world. She said that we need to have new methods to deal with the matters like tech terrorist financing. We should adapt as per the trends. Moreover, we have to be ready to deal with the crime these technologies will bring. She thought of staying away from crypto.

Cryptocurrency is a magnet for cyber thieves. The blockchain is anonymous and nobody gets caught. There is no control over the blockchains. No individual agency can control these financial networks. Above all, there is no law enforcement agency or regulatory body to regulate its activities.

Her recent meeting at the senate

Mrs. Janet Yellen made a follow-up comment after two days on cryptocurrency. Her opinion in her statement seemed quite contrary to the previous one. Now, she showed a lot of confidence in the potential of digital currencies. After that, she presented her views in the senate committee on finance.

Questions imposed on her

She got few questions to answer regarding new technologies in the senate committee. The question is to present her view on the new emerging technologies. She has to answer on the potential benefits and threats of these on the U.S. national security. Also, she got asked to propose ways to safeguard and regulate digital and cryptocurrencies. She mentioned the wide array of benefits cryptocurrencies have brought in today’s world. Digital currency has the potential to improve the efficiency of the financial system.

Yellen’s changed opinion

She gave emphasis on the legitimate use of Bitcoin. Also, she focused on developing a regulatory framework to effectively use digital assets. As per her, we have to find ways to encourage the use of digital currency for legitimate purposes. With that, we have to also prevent its usage for illegal and malign activities. Yellen wants to co-ordinate with the Federal Reserve Board. In addition, she wanted to implement a regulatory framework for cryptocurrency and digital assets. Above all, she wants the co-operation of federal banking and securities regulators for this step.

Conclusion

Janet Yellen’s concern regarding cryptocurrencies is actually valid. The reason is the risks involved with cryptocurrencies. Along with the risk factor, multiple thefts and hacking also take place. Moreover, there is no regulatory body overseeing the complete digital world of finance. The wide acceptance of crypto payments has also increased complications. The involvement of cryptocurrency in scams is high in today’s world. This is majorly due to its decentralized nature. Most of the time, the funds lost are never retrieved.