Sentences with phrase «stored on centralized exchanges»

Funds stored on centralized exchanges are stored in wallets owned by the company, making funds more susceptible to hacks.

Not exact matches

As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of value.

And while China can imprison citizens for starting ICOs, it can not access, confiscate or freeze people's funds stored on the blockchain outside a centralized cryptocurrency exchange without an owner's private key.

However, you can minimize the risks by storing your Bitcoin in a hardware wallet instead of on these centralized exchange platforms.

Some cryptocurrency exchanges store their private keys on centralized servers and thus it is a potential security risk for users» funds.

Other stories reported: - Google storing private keys on Google Drive; R3 trial distributed ledger; Bitwala new service — send money via messenger; Centralized exchanges are Honeypots for thieves; UK Gambling regulator setting some rules; Australia Postal service tests identity...