Wednesday, 9 September 2020

Finally. Binance listened. Now you can add more than one Yubikey for extra security!

Hello,

I've been literally spamming Binance support over this. They only allowed one Yubikey to be enabled for signing in and confirming withdrawals, I wasn't comfortable with this as losing your key means you'd have to re-do KYC.

Out of nowhere, I checked my Binance security page to find out that you can now add as many Yubikeys as you want!

ELI5: Yubikey is a hardware key that works pretty much like your hardware wallet, but for your identity. It makes phishing attempts much harder since you need to touch a physical button to sign in. That button won't be enabled unless the site you're trying to log into is Binance.com. Google has implemented this technology and gave those keys to each of their 90k employees and they've reported 0 phishing attempts ever since.

The technology that makes this possible is called FIDO2, it comes out of the box with your Trezor/Ledger. If you don't want to spend money on a separate device, then make your hardware wallet a storage for your wealth and online accounts.

Take your security to the next level, especially after what happened in May of last year.

submitted by /u/Leader92
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These 10 Countries Lead the World in Bitcoin Adoption - Decrypt

These 10 Countries Lead the World in Bitcoin Adoption - Decrypt submitted by /u/Yorkshire80
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Bitcoin Adoption: Just Eat France Now Accepts BTC Payments in Over 15,000 Restaurants

Bitcoin Adoption: Just Eat France Now Accepts BTC Payments in Over 15,000 Restaurants submitted by /u/bcoosh
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source https://www.reddit.com/r/btc/comments/ipczxp/bitcoin_adoption_just_eat_france_now_accepts_btc/

Can Bitcoin Cash Participate in the Defi Deposit Farming

As decentralized finance started a wave of liquid providing to get an annual yield of more than 100% interest returning, how could Bitcoin Cash participate in the investing while few swaps supported bch tokens and pairings?

An idea came to my mind from the lending platform. Liquid provider deposit stable coin like USDT, USDC into the liquid pool to gain the platform token, while Curve uses the swap token to deposit in their own pool to get CRV, that is how you gain the interest from depositing USDT from the first place. However there is few swap or pool that could deposit or swap BCH directly, we need to find a way to convert BCH to USDT without causing value lost while the BCH-USDT price goes up.

A simple way to solve it is to find a lending platform to deposit BCH and borrow 60-65% amount of USDT, at the same time short BCH to hedge the risk of price dropping to avoid the margin call, at the same time invest USDT into the liquid pool to gain your good profit.

A few tips:

  1. The lending platform should support short-term lending, since you don't know how long Defi wave would last
  2. Sell the Defi token ex. crv, sushi as soon as it is farmed
  3. Gas fee is comparatively high, this way is not friendly to small investor
submitted by /u/SongyanXXX
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source https://www.reddit.com/r/btc/comments/ipc4if/can_bitcoin_cash_participate_in_the_defi_deposit/