Opacity (OPQ Token): Blockchain Cloud Storage for Online Data?

Opacity

What Is Opacity?

Opacity is a digital platform that helps users to secure their online data. Users can be able to handle their privacy in an easier manner. The platform provides zero-knowledge at its finest and offers an authentic privacy-centric storage solution in which users are in full control of their files and who can view them.

Opacity Features

The following are the features of Opacity:

  • No personal information required: the platform never asks for any personal information—no e-mail, contact, nothing.
  • Share files your way: users can control who can view their files. By default, only the users know that such files exist.
  • Pay using cryptocurrency: with the OPQ token, users can pay for their storage needs without ever having to use a credit card.

The Files Remain Safe And Secure

Opacity uses best-in-class encryption algorithms to ensure that users’ files remain secure. The Opacity platform encrypts the files to provide comprehensive protection at all times. As long as users protect their Opacity Handle, their data remain safe.

Your Handle, Your Rules

On the Opacity platform, your unique opacity account handle is the single point of access to your storage account. Only you know this handle, unless you decide to share it. Only the person with the handle has the access to the files. Additionally, Opacity employs zero-knowledge principles, which means it doesn’t track anything that you download or upload. As a user, you may choose individual files to share with a unique File Handle that others may use to view the shared files on the Opacity platform.

What Is Zero-knowledge Cloud Storage?

Not many storage providers offer a true, zero-knowledge solution. Therefore, it’s important to learn exactly what zero-knowledge means and how it can be of benefit to users.

Data security remains the biggest threat even to those who use best cloud storage and backup. People want to know whether their files would be safe and what happens when authorities show up in their offices with a warrant. The best way to solve this problem is to apply zero-knowledge cloud service.

Zero-knowledge ensures that no one, except the owner, has the keys to personal data. Also known as private encryption, it is the ultimate way for users to keep their data private.

Benefits Of Zero-knowledge Cloud Storage

While many people don’t realize it, every time you sign up for a service, a copy of your password is kept somewhere, where it remains fairly safe. However, someone can still access your password and this presents a risk, especially if the platform becomes a victim of cyber attack.

Zero-knowledge service solves this problem by not storing a copy of your password in any form anywhere. Instead of password verification by the platform, users simply need to provide the proof that they know the password. In the end, no one knows the password except the user.

Zero-knowledge storage protects users from criminals that might gain unauthorized access to their data. It also shields them from government interference.

Opacity utilizes this bank-standard mechanism and other protocols to ensure that their clients’ data remains safe at all times.

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Author: Bitcoin Exchange Guide News Team

Europe’s Cryptocurrency Market Expansion Is Undeniable As More Users Show Digital Asset Payment Support

Europes-Cryptocurrency-Market-Expansion-is-Undeniable-as-More-Users-Show-Digital-Asset-Payment-Support

The Cryptocurrency Market Is Expanding In Europe And Users Show Support For Payments In Digital Assets

  • BitBay conducted a survey among its users about how they use digital currencies
  • 90 percent of the respondents claimed to be male

BitBay, a Polish cryptocurrency exchange decided to conduct a poll among its Polish cryptocurrency users to have a better idea of the community that is currently using the exchange. The main goal was also to understand how customers use their digital assets.

BitBay Releases New Crypto Survey

The cryptocurrency exchange BitBay was founded back in 2014 and it is the largest in Poland. The firm has now over 800,000 clients and it hired more than 200 individuals. The survey that the exchange conducted shows some interesting things. 90 percent of the users were male with the largest user base aged between 31 and 35. More than 50 percent of the individuals were below the age of 40.

It is worth mentioning that 70 percent of the surveyed individuals hold Bitcoin (BTC) while 50% owned more than four different digital currencies. Some of the digital assets include Ethereum (ETH), Lisk (LSK) and XRP, among others.

Although 90 percent of the respondents consider virtual currencies as a secure and safe means of performing transactions, most of them did not perform a single purchase using the digital asset. Just 25 percent of them has performed at least a transaction in digital currencies

At the moment, there is no clear regulatory framework in Poland and authorities have been campaigning against digital assets, claiming that the only currency that individuals should use is the Polish Zloty.

90 percent of the respondents mentioned that they believe that virtual currencies will become very popular in the future as a means of payment and to sue. Although this does not provide enough information about the crypto market as a whole, BitBay is able to understand how its customers think and what they want.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Carl T

Coin Center Advocacy Group Informs UK AML Regulations Could Violate Users’ Privacy And Rights

Coin Center Advocacy Group Informs UK AML Regulations Could Violate Users’ Privacy And Rights
  • Regulators want to increase AML and CTF regulations
  • Coin Center considers they are violating users’ rights and privacy

According to the nonprofit research and advocacy center called Coin Center, the proposed anti-money laundering (AML) and counter-terrorism financing (CTF) regulations violate users’ privacy rights.

Coin Center has urged Her Majesty’s Treasury not to implement these regulations.

Could AML And CTF Policies Affect Privacy?

As cryptocurrencies and blockchain technology expand, regulators around the world are trying to control the market with new regulations. According to a recently released announcement, Coin Center informs that the proposal to broadening the scope of the UK’s AML and CFT regulations would violate UK citizens’ free speech and privacy rights.

They explained that this expansion is going to be affecting citizens’ rights as codified in the International Covenant on Civil and Political Rights (ICCPR) and in the European Convention on Human Rights (ECHR). The ICCPR and the ECHR prohibit institutions upon the privacy of persons unless the intrusions follow clear rules.

Coin Center also informs that the imposition of financial surveillance on every user of virtual currency would not be able to meet the standards imposed by the ICCPR and the ECHR. About speech rights, Coin Center wrote:

“Regarding speech rights, any law or regulation attempting to ban, require licensing for, or compel the altered publication (e.g. backdoors) of open-source cryptocurrency software would be unconstitutional under First Amendment-like protections for speech afforded to UK citizens by the ICCPR and ECHR.”

Coin Center believes that it is important to protect human dignity and autonomy. Moreover, they say that transactions are increasingly guarded and controlled by powerful intermediaries and also governments.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Carl T

Attackers Compromise 50,000 Servers Worldwide To Mine Virtual Currencies

Attackers Compromise 50,000 Servers Worldwide To Mine Virtual Currencies
  • Attackers are currently using new methods to infect users and mine virtual currencies
  • The methods used are becoming more powerful and damaging

According to a new report released by the Cybersecurity firm Guardicore Labs, hackers were able to breach over 50,000 servers around the world and start mining virtual currencies. This has been performed through an unusually sophisticated method.

Hackers Mine Digital Currencies After Massive Security Breach

As per the report released by Guardicore Labs on May 29, this large-scale malware attack was able to infect 700 new victims a day. There have been several targets, including firms in the healthcare, telecoms, media and IT sectors.

The cybersecurity firm was able to find 20 different malicious payloads in the malware over time. The report informed that new ones were created at least once a week. It was also possible for the attacker to install a rootkit that prevented the malware to be removed.

Guardicore explained that the attack used very sophisticated tools such as those that nation states use.

This shows that hackers and attackers are becoming stronger and more dangerous than never before. The firm informed that the package was written in Chinese and used Chinese language servers. The company explained in its report:

“The Nansh0u campaign is not a typical crypto-miner attack. It uses techniques often seen in APTs such as fake certificates and privilege escalation exploits.”

APTs are advanced persistent threats and they make reference to the way in which the attackers targeted its victims.

Before, these kinds of tools used by the attackers were only avialable to just a few parties. Nonetheless, this attack shows that these tools can now fall into the hands of less than top-notch attackers.

Moreover, the firm explained that strong credentials are vital in protecting companies’ assets and their integrity. This campaign also demonstrates that passwords comprise the weakest link in today’s attack flows, according to the report. Organizations should have strong credentials and network segmentation solutions to be protected at all times.

As we have written a short time ago at Bitcoin Exchange Guide, SIM swapping attacks have spread in the United States affecting a large number of users. One of the, a recognized developer, lost $100,000 he had on Coinbase due to these attack.

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Author: Carl T