Cyber News

Recent advancements in AI are transforming blockchain technology in various industries with the enhancement of security and efficiency. ...

President of digital asset management solution developer sees potential for policies to spur greater consumer and business adoption of cryptocurrencies and government investment in infrastructure.

NEW YORK, April 20, 2023 (Newswire.com) - President Biden recently signed an executive order establishing a national policy on digital assets, including cryptocurrencies. The order creates an opportunity for policies that, if designed properly, could promote wider adoption of cryptocurrencies by consumers or businesses, according to Gordon Bell, President of Legacy Suite, developers of a comprehensive digital asset management solution including a crypto wallet and monitoring. 

The executive order, signed March 9, recognizes the tremendous scope of digital assets, including cryptocurrencies. The market capitalization of cryptocurrencies is more than $1 trillion, and about 16% of Americans - approximately 40 million people - have invested in, traded, or used cryptocurrencies. 

Bell, a Harvard-educated financial analyst with three decades of experience in investment banking and portfolio management, sees the Biden Administration's action as a potential boon for the digital asset field.  

"While government regulation can often hinder a business, in this case, we believe a supportive regulatory environment can play a significant role in inspiring the mass adoption of cryptocurrency, by providing a clear legal framework for its use and reducing its perceived risks," Bell said.  

The executive order addresses multiple issues, several of them essential to the growth of digital assets. They include: 

• Developing policies to protect consumers, investors and businesses.
• Supporting technological advances and responsible development of digital assets, while prioritizing privacy and security and reducing climate impacts.
• Promoting equitable access to safe and affordable financial services, with an approach to digital asset innovation that aids communities lacking access to financial services.

Bell cited the example of the regulation of security token issuances, or any issuances, as a means of providing investor protection and benefiting the crypto sector as a whole.  

"Taken as a whole, government regulations can help establish a sense of legitimacy and trust in the cryptocurrency market, providing a level of certainty and stability that is crucial for consumer acceptance," he said. 

Bell hopes to see the executive order lead to measures designed to prevent fraud, protect consumers, and ensure that exchanges and other cryptocurrency-related businesses comply with anti-money laundering and know-your-customer regulations. 

However, Bell said the Biden policies should go beyond measures that inspire consumer confidence, to providing direct support to the cryptocurrency sector.

One powerful step would be government investment in blockchain technology, the underlying technology behind cryptocurrencies. "That would demonstrate a commitment to innovation and support the development of a robust and secure digital infrastructure," Bell said. "In turn, that would encourage the private sector to develop more use cases for blockchain and cryptocurrencies, which can ultimately spur wider adoption." 

Finally, government tax policies also can play a strong role in promoting widespread adoption of digital assets, Bell said. He suggested tax incentives, such as exemptions for certain types of cryptocurrency transactions from taxes, or tax breaks for businesses that use digital assets for payments, as tools to encourage transactions in digital assets. 

"Clearly, the Biden Administration recognizes the enormous potential benefits of digital assets, but also the potential risks to consumers from rapid growth with no oversight," Bell said. "Having one unifying framework for the government's cryptocurrency policies can inspire confidence in the market and facilitate the transition to a more decentralized, digital economy."  

To learn more, visit legacysuite.com. 

About Legacy Suite 

Legacy Suite is a complete end-to-end solution providing first-class digital estate planning support, including wallet monitoring and crypto wallet. Legacy Suite is a secure solution for crypto self-custody and password management, which allows you to hold your own keys, set up directives, assign executors, and have peace of mind knowing that your digital assets will safely transfer to your next of kin. 

Contact Information:
Madeleine Moench
[email protected]


Original Source: Legacy Suite Says Biden Executive Order on Crypto Could Provide Blueprint for Industry's Growth

Developer of password manager and crypto wallet solutions offers tips on how to keep wallets protected from new cyberattack.

NEW YORK, March 29, 2023 (Newswire.com) - Legacy Suite, developer of digital asset management solutions, warns crypto and Ledger users against "Address Poisoning" attacks that can steal their funds.

Scammers are striking crypto users, including Ledger users, by "poisoning" their account via sending a small amount of crypto, usually USDT, MATIC, TRX, or even NFT, often imitating a transaction recorded in the user's transaction history. It looks very similar to the user's own address, with the goal to grab the scammer's address and send funds to their account by mistake.

Check Every Single Character in a Wallet Address

"Address poisoning is a type of cyber-attack in which an attacker attempts to steal funds from a cryptocurrency wallet by modifying the wallet's address," said Azaz Ahmed, chief technology officer of Legacy Suite. "In this attack, the attacker replaces the legitimate address of the wallet with their own address, which allows them to redirect any funds sent to the wallet to their own account."

The scammer makes a custom address with specific characters that are nearly identical to the owner's address. It often includes the same first and last characters. It is important to check every single character in one's wallet address before sending any transaction.

The scammer then sends a very small amount of currency, even $0, via the almost matching dummy wallet, which poisons one's transaction history.

How to Protect Yourself

Legacy Suite offers the following suggestions for safeguarding against address poisoning:

·         Stop copying and pasting your wallet address from your transaction history

·         Manually check your address so it is an exact match before sending any funds

·         Use your wallet's contact book to manage addresses used often

·         Be aware of anyone sending tiny amounts of cryptocurrency

·         Double-check your transaction details on your Ledger

Legacy Suite has a wallet monitoring service designed to keep crypto assets secure 24/7 so that one can quickly take action to prevent any potential losses. "Legacy Suite's wallet protection services, such as wallet monitoring and emergency backup wallet, help to protect against critical threats by providing additional layers of security to your cryptocurrency wallets," Ahmed said.

Wallet monitoring constantly monitors activities associated with one's wallet in case any unauthorized changes occur in real time. The owner is immediately notified if any unusual activity is detected like the addition or modification of a new or existing address allowing for prompt action and the prevention of any unauthorized access to one's funds.

"Legacy Suite's Lifeline, emergency backup wallet, is a service that provides you with a secure backup of your cryptocurrency wallet," Ahmed said. "In the event that your wallet is compromised, you can quickly transfer your funds to another wallet. This protects your funds from being lost or stolen in the event of an attack."

The wallet protection services are an additional layer of security to cryptocurrency wallets and protect them from fraud and other types of cyber-attacks.

To learn more about Legacy Suite, please visit https://www.legacysuite.com.

About Legacy Suite

Legacy Suite is a complete end-to-end solution providing first-class digital estate planning support, including wallet monitoring and crypto wallet. Legacy Suite is a secure solution for crypto self-custody and password management, which allows you to hold your own keys, set up directives, assign executors, and have peace of mind knowing that your digital assets will safely transfer to your next of kin.

Contact Information:
Madeleine Moench
[email protected]


Original Source: Legacy Suite Recommends Wallet Protection Against 'Address Poisoning' Hack

Crypto demand is surging after the collapse of Silicon Valley Bank and Signature Bank.

NEW YORK, March 22, 2023 (Newswire.com) - With the fall of Silicon Valley Bank and Signature Bank, Legacy Suite has seen the price of cryptocurrency skyrocket, with Bitcoin surpassing $28,000 per coin, its highest level since June of 2022, and investors fearing more bank meltdowns. Amidst this, Legacy Suite announces its newly developed complete end-to-end solutions, providing first-class digital asset management for individuals who wish to engage in crypto securely. Legacy Suite's latest technology offers complete end-to-end solutions, providing first-class digital asset management for individuals who wish to engage in crypto securely.

"There are a lot of uncertainties right now about what people should do with their money," Karan Malik, Legacy Suite's Head of Web3 Strategy, said. "The two banks were shut down by regulators, and other regional bank stocks went down while the Federal Deposit Insurance Corporation (FDIC) reassured depositors that their funds were safe.

"Bitcoin and other cryptocurrencies are built on a blockchain in a decentralized structure that is not controlled by just one entity," Malik added. "The argument for decentralization and the adoption of cryptocurrency has become more valid after the banks' collapse.

"As we see more migration to the decentralization mindset, Legacy Suite provides the necessary safety precaution measures and responsibilities that come with self-custody of those assets," Malik continued.

Self-custody refers to individuals managing digital assets and cryptocurrencies without relying on an intermediary. It involves securing and controlling private keys or seed phrases necessary to access and transfer digital assets. But self-custody comes with the responsibility of managing the security of the digital assets and the risks involved.

Self-custody cryptocurrency wallets are secure depending on how the private key is kept safe through software, hardware, and common security measures, including physical access to the wallet. If a private key is compromised through fraud or theft, the digital assets can end up controlled by a third party.

"It is important to create and store private keys and their backups in a secure manner," Malik said. "Legacy Suite urges users to take ownership of their digital assets. Our platform is equipped to facilitate self-custody and ensure estate planning is inclusive of both physical and digital assets.

"The goals of Legacy Suite are simple: privacy and security," Malik continued. "Our platform is a shield to safeguard digital assets and vital information through cutting-edge technology and encrypted security, regardless of size."

About Legacy Suite

Legacy Suite is a complete end-to-end solution providing first-class digital asset management, estate planning support, and crypto wallet protection. Legacy Suite is a secure solution for crypto self-custody and password management, which allows you to hold your own keys, set up directives, assign executors, and have peace of mind knowing that your digital assets will safely transfer to your next of kin.

For more information, please visit www.legacysuite.com.

Contact Information:
Madeleine Moench
[email protected]


Original Source: Amidst Banking Failures, Legacy Suite's Latest Technology Offers Secure Digital Asset Management

The blockchain-powered platform puts users in control of their healthcare data while increasing accessibility to biomarkers ...

Developers of estate planning, password manager, and crypto wallet solutions announce the publication of a U.S. patent. ...

With more users moving away from centralized exchanges (CEX) following the FTX collapse, Legacy Suite provides its users peace of mind knowing their assets are secure.

NEW YORK, February 21, 2023 (Newswire.com) - Legacy Suite, a leading provider of digital asset preservation services, is revolutionizing digital asset protection by providing cutting-edge solutions that cater to the ever-evolving needs of the cryptocurrency market. With the increasing demand for secure digital asset management, Legacy Suite is leading the way by providing innovative solutions that provide users with unparalleled protection and peace of mind.

According to Glassnode on-chain data analyzed by Cryptoslate, only 22% of Bitcoin's total supply is moving and changing hands, indicating that the vast majority of Bitcoin has moved off centralized exchanges (CEX) and into non-custodial wallets. With more users than ever before holding and accumulating, it's more important for people to use the right tools to secure their digital assets adequately.

Every reputable CEX in the industry provides users with a basic custodial hot wallet. Because custodial wallets involve the exchange holding the private key, a third party is ultimately responsible for safeguarding a user's funds. Therefore, relinquishing control of one's private keys is a major reason why custodial wallets are considered less secure than self-custodial wallets.

Legacy Suite's digital asset preservation services offer users a new level of security. Through its innovative tool LegacyLifeline, Legacy Suite enables users to pre-authorize asset transfers on their self-custodial wallets and quickly execute smart contracts. This advanced feature helps avoid instances of assets being held or frozen on exchanges, providing users with additional peace of mind regarding the smooth transacting of their digital assets.

With Legacy Suite's Wallet Monitoring, users can stay informed about their crypto assets and make better decisions about their spending and investments. Wallet Monitoring provides comprehensive, real-time monitoring of multiple cryptocurrency wallets, ensuring the safety and security of users' digital assets. The platform monitors wallets for suspicious activity and sends real-time alerts on inbound and outbound transactions, allowing users to take action quickly to prevent potential losses.

Its Emergency Wallet features a secure, convenient, and hassle-free solution in case of security breaches or loss of private keys. With traditional blockchain technology, losing private keys means losing the wallet permanently; in the event of a security breach or loss of keys, Emergency Wallet allows users to back up assets with one click instantly.

To learn about Legacy Suite and how to secure digital assets, please visit https://www.legacysuite.com.

About Legacy Suite

Legacy Suite is a complete end-to-end solution providing first-class digital estate planning support. Legacy Suite is a secure solution for crypto self-custody and password management, which allows you to hold your own keys, set up directives, assign executors, and have peace of mind knowing that your digital assets will safely transfer to your next of kin. To learn more, visit www.legacysuite.com.

Contact Information:
Buse Kayar
[email protected]


Original Source: Legacy Suite Provides the Strategies, Tools to Secure Users' Digital Assets and Life

Abelius Capital AG to launch 'SURF Reward', an internet browser extension that monetizes advertisements into cryptocurrency.

DÜSSELDORF, Germany, February 16, 2023 (Newswire.com) - German company Abelius Capital AG has announced the launch of its Surf2earn internet web browser extension, SURF Reward. The extension will enable users to view selected advertisements in exchange for SURF tokens. The company has also announced an IDO for the SURF token, which will run on Binance Smart Chain (BSC). 

The Problem with Ads 

The Internet advertising industry is worth hundreds of billions of dollars, but almost none of those profits go to the people who are consuming the ads. As a byproduct of this issue, internet users frequently turn to tools like AdBlockers to hide ads, resulting in companies not reaching their potential customers and users sometimes being restricted in accessing various sites. 

What is SURF Reward?

SURF Reward offers a solution to this problem with its 'Surf2Earn' extension, which is compatible with all major web browsers. The extension removes the majority of the advertising that the user would ordinarily be forced to view, replacing them with much fewer, select ads controlled by SURF Reward. 

Armin Heinrichs, Founder of SURF Reward, stated: 

"Companies make millions of dollars when internet users are forced to watch unwanted advertisements. SURF Rewards enables its users to remove the majority of advertisements and earn crypto rewards with our revolutionary Surf2Earn-enabled web browser extension."

By exchanging individual advertising spaces with its own advertising partners, SURF Reward is able to take profits from the webmasters and give them directly to their users, in the form of SURF tokens. This short explanatory YouTube video explains in detail the idea and functionality of the SURF Reward browser extension.

Surf2Earn

The Surf2Earn concept distributes the advertising revenue intelligently, so not only the user is rewarded, but also the liquidity and the associated value increases steadily through use. The SURF token will run on Binance Smart Chain (BSC) and will be a reward and payment method for all users. 

SURF Tokenomics 

Token Symbol: SURF

Name: SURF Reward

Platform: BEP-20 / Binance Smart Chain (BSC)

Total Supply: 1,000,000,000 SURF

PreSale Supply: 200,000,000

Presale Softcap: $1,500,000

Presale Hardcap: $5,000,000

Presale Price: $0.03 USD

Listing Price: $0.05 USD

Contract Address: 0x21141Bbe528627933A32FFF65EB695EBe20C1d1f 

Follow the channels of SURF Reward to stay up-to-date with the latest news. SURF Reward is already offering a demo version, proving its vision and functionality while preparing for its mainnet launch.

SURF Reward Socials

Twitter | Telegram | YouTube

Media Contact Details

Contact Name: David Wojdas

Contact Email:  [email protected]

Abelius Capital AG is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

Contact Information:
Heidi Leid
[email protected]


Original Source: SURF Reward Launches Browser Extension With Cryptocurrency Rewards & IDO Presale

The company urges crypto users to take sole possession of their wallet's private keys following a crypto billionaire's warning.

NEW YORK, February 16, 2023 (Newswire.com) - Legacy Suite, a leading provider of digital asset preservation services, is urging users to take ownership of their digital assets, announcing that its platform is equipped to facilitate self-custody and ensure estate planning is inclusive of both physical and digital assets, allowing the probate process to proceed in accordance with the owner's original intent.

During a Binance-run Twitter Spaces on Dec. 14, 2022, Binance CEO Changpeng 'CZ Zhao urged caution to users utilizing self-custody wallets, warning that in most cases, private keys are improperly secured. Although the billionaire CEO has advocated for self-custody for years, even stating that self-custody is a 'fundamental human right,' he remarked during the Twitter Spaces that, "For most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it."

"I believe that digital assets are here to stay, but that we're still so early in the game that managing digital assets is still a cumbersome and complex process for the novice and average holders," said Gordon Bell, CEO of Legacy Suite. "Our suite of estate planning solutions is purpose-built to help people navigate the complexities of digital assets and their integration into the traditional probate process."

Self-custody refers to individuals holding and managing their own digital assets and cryptocurrencies without relying on a third-party custodian or intermediary. The process involves securing and controlling one's private keys or seed phrases, which are necessary to access and transfer digital assets. 

Self-custody is regarded as the best way to maintain control and privacy over one's assets and reduce the risk of theft or loss due to third-party custodians being hacked, going bankrupt, or engaging in fraudulent activities. However, self-custody also comes with the responsibility of managing one's own security and being aware of the risks involved.

Legacy Suite's platform offers a full line of estate planning services:

• Legacy Suite™ - Design an end-of-life plan, document and secure life's most meaningful moments, and share it with future generations.
• Legal Suite - Legal Suite allows users to leave precise details following their passing and minimizes estate planning costs. In addition, users can make updates anytime and anywhere, safeguarding loved ones from the frustration, red tape, and stress of the aftermath.
• Financial Suite - Financial Suite makes adding, organizing, and assigning financial assets and liability accounts to beneficiaries quick, easy, and painless. An intuitive dashboard of net worth reporting, blockchain analytics, inventory of subscriptions, and financial reporting provides a comprehensive view of one's financial life.
• Digital Suite: Digital Suite accelerates the inheritance timeline for beneficiaries, placing the transfer process of your digital, crypto, and NFT assets on autopilot.

To learn about Legacy Suite and how to secure digital assets, please visit https://www.legacysuite.com.

About Legacy Suite

Legacy Suite is a complete end-to-end solution that provides first-class support for digital estate planning. Legacy Suite is a secure solution for crypto self-custody, which allows you to hold your own keys, set up directives, assign executors, and have peace of mind knowing that your digital assets will safely transfer to your next of kin. To learn more, visit www.legacysuite.com.

Contact Information:
Buse Kayar
[email protected]


Original Source: Legacy Suite Provides Expanded Support for Self-Custodial Wallets, Including Backup and Inheritance Solutions

DUBAI, Arab Emirates, February 16, 2023 (Newswire.com) -  Digital Dubai partnered with Animoca Ventures to co-host 'Reports from the Future : Dubai', an exclusive, invitation-only event for investors, held on 8 Feb. 2023 at the Digital Dubai Offices in Dubai Design District.

Digital Dubai is a government body established by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President & Prime Minister of the UAE, and Ruler of Dubai, in June 2021 to develop and oversee the implementation of policies and strategies that govern all matters related to Dubai's information technology, data, digital transformation, and cyber-security. 

The event forms part of a wider collaboration between Animoca Ventures and Digital Dubai to bring top-tier Web3 talent to Dubai to showcase cutting-edge technologies and to create cooperation opportunities with Dubai-based organisations, companies and investors.

The event featured global founders from leading global companies renowned for their innovation and experience with Web3. They presented to a packed room of funds and investors, a range of topics surrounding Web3 and the opportunities it brings, including Web3 Infrastructure, Metaverse Use Cases, Blockchain Gaming, the Omni-Chain Future, Open Finance, and Data Convergence. It offered participants insights into Web3 and metaverse technologies, the potential they bring, and the promising investment opportunities in the sector.

Delivering the keynote address at the workshop, Dr. Marwan Al Zarouni, Strategic Advisor at Digital Dubai, said: "Digital Dubai is entrusted with the mission to digitalize every aspect of life for people in the emirate, making their lives easier and happier with advanced technology and Digital services. To that end, we take every opportunity to explore emerging technologies and partner with entities and companies who are making strides in these sectors, with the aim of bringing startups and investors to the city and making Dubai the digital capital of the world."

"The workshop we have joined hands with Animoca Ventures to organize is a significant step towards meeting these objectives and is poised to accelerate the Digital Economy ambitions of the Dubai Economic Agenda (D33), which strives to double the size of the emirate's economy over the next decade," Dr. Al Zarouni added. "The event also helps support the ambitious Dubai Metaverse Strategy, designed to turn Dubai into one of the world's top 10 metaverse economies, as well as a global hub for the metaverse community."

For his part, James Ho, Head of Animoca Ventures, delivered the closing remarks, saying: "This workshop brought together many of the most innovative companies in Web3 and imparted the best possible information and insights to our attendees. Animoca Ventures works at the forefront of ecosystem building and investing in Web3 and the metaverse. We see these technologies as driving the future of marketing, gaming, commerce, and many other sectors."

Attendees at the workshop, comprising of investors, were taken deeper into Web3 and the role it is set to play in the future with experts from a host of companies that have made notable innovations in the field. The companies were:

LayerZero Labs - An omnichain interoperability protocol that unites decentralized applications (dapps) across disparate blockchains. 

SupraOracles - An interoperable and extensible data oracle solution enabling integration between on-chain and off-chain data.

Conductive.ai - Conductive.ai, a Web3 infrastructure company, which designed a product eliminating the friction of on-boarding users on to Web3 games and projects.

Brinc - A global tech accelerator with a strong presence in the MENA region, Brinc's platform offers a unique combination of resources for startups, corporates and venture capital investors to thrive across the entire startup lifecycle from accelerator stage to exit. 

Move.ai - Move enables motion capture in any environment using off-the-shelf cameras, mobile phones, computer vision and deep learning, greatly reducing the cost of traditional motion capture methods.

Amulet Protocol - A decentralized insurance protocol, safeguarding users' assets. 

Bit.Country - Offering Metaverse as a Service, where users can launch their own metaverse within 12 seconds. These metaverses come with built-in NFT marketplaces, tokens, a land economy, reward engine, 3D game engine, map engine, game framework and software development kit.

There were also senior representatives from blockchain gaming companies Xterio, Planetarium Labs, MetaKing Studios (for the game BLOCKLORDS), SIDUS Heroes, Revolving Games and The Red Village presented first looks at their games, explained what makes these games unique and showed exclusive gameplay footage.

Contact Information:
Julian Peh
Immersion Consulting
[email protected]
Related Files
media-wall-design-screen (1).jpg

Related Images


Original Source: Digital Dubai and Animoca Ventures Kickstart Collaboration With Exclusive Investor Workshop 'Reports From the Future: Dubai'