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While there are attractive opportunities for market expansion due to increased interest in cryptocurrencies among banks and other financial institutions and untapped potential in emerging economies, on the darker side of the industry, cryptocurrency has come under frequent attack by cybercriminals in recent times and caused investors to suffer heavily.
A recent report published by the United Nations showed that 2022 was the biggest year ever for crypto cybercriminals with a staggering $3.8 billion stolen from crypto-related businesses with North Korea accountable for $1.7 billion of it!
While the crypto industry is an express method of generating wealth, cryptocurrency trades are recorded in the circulated public ledger known as a blockchain which provides hackers with a large attack surface to acquire access to critical and sensitive data.
Lockyourcrypto.com is a unique platform that offers crypto holders, new and old, a secure and reliable vault to store their valuable assets such as Dogecoin (DOGE) and Shiba Inu (SHIB) tokens with the option of withdrawing them at specified time periods.
Cryptocurrency is considered to be complicated, especially among new users who struggle with terms and applications. Lockyourcrypto.com is a platform that simplifies the process for users new to cryptocurrency by giving them control over their actions.
Crypto holders have three options regarding the length of time they would like to store their funds; 6 Months, 12 Months, or a customised period of time. After the transaction is completed and confirmed the crypto holder will receive a certificate that will serve as proof of ownership and can be used for future reference.
The platform offers a user-friendly interface that simplifies the storage process which can be completed within just a few clicks, with Lockyourcrypto.com will not allow any withdrawals or transfers before the confirmed holding period has lapsed, except in cases of extreme emergency.
Lockyourcrypto.com is committed to providing the highest level of security, reliability, and transparency to its users and applies industry-standard security measures, including high-level encryption, and secure storage practices.
Dogecoin (DOGE), the first-ever meme token in the cryptocurrency industry, took a hammering in trading as its price crashed to its lowest in 3 months after declining overnight by 10.77% to trade at $0.06302 as the pressure on the overall market intensifies due to Silvergate Capital's planned liquidation.
There appeared to be a slight resistance from bulls in hourly trading as Dogecoin's price improved by 0.21% to trade at $0.06392 while still indicating a weekly decline of 15.81%. Given the heavy bearish sentiment, experts are predicting Dogecoin's price to decline further.
Shiba Inu (SHIB), a direct rival of Dogecoin, registered a new 30-day low after its price declined overnight by 8.86% to trade at $0.000009728 as SHIB holders eagerly await the launch of Shibarium, the layer-2 scaling solution's public beta.
At the time of writing, Shiba Inu was trading at $0.000009945 while indicating a 7-day downward movement of 12.04% while holding a market capitalization of $5.4 billion.
SHIB holders remain optimistic about the meme token as the launch of Shibarium's public beta is expected to bring relief and alleviate the negative sentiment among market participants.
Website: https://lockyourcrypto.com
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
