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Cryptocurrency

Surfshark: The Ultimate Cybersecurity Solution for the Blockchain Era

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As the internet – and the world of crypto – evolves, so do the risks associated with it. Cybercrime is on the rise, with data theft, security breaches, and hacking becoming serious threats to blockchain users. Many have lost not only personal data but also digital assets to malicious actors.

These growing threats underscore the need for robust cybersecurity. While many companies offer privacy tools, most fail to provide comprehensive protection, leaving crypto users and blockchain enthusiasts vulnerable.

Surfshark fixes all these with its all-in-one cybersecurity platform. The platform focuses on humanized privacy and security solutions, giving users complete control of their digital lives.

What is Surfshark?

Surfshark is a cybersecurity platform that offers users online security, privacy, and a virtual private network (VPN), protecting them from data breaches and other security exploits. It also provides over 3,200 RAM-only servers to users in over 100 countries globally.

Vytautas Kaziukonis founded Surfshark in 2018 and has since managed the cybersecurity firm as its CEO. Currently headquartered in the Netherlands, Surfshark boasts over 400 employees.

Through its app, Surfshark offers users its all-in-one services. These products include the Surfshark VPN, Surfshark Antivirus, Surfshark Alert, Surfshark Search, Alternative ID, and Incogni, where each service is tied to a specific pricing tier.

Surfshark boasts an intuitive user interface, allowing users of all expertise levels to access its products. Its app is accessible on Windows, macOS, Linux, Android, iOS, Chrome, Firefox, Edge, Apple TV, and Fire TV.

Surfshark has partnered with various non-governmental organizations (NGOs) and non-profit firms to spread awareness of censorship, data breaches, internet shutdowns, and other cybersecurity threats. These NGOs and non-profits include NetBlocks, Internet Society, Project Syndicate, Electronic Frontier Foundation, and the European Digital Rights. The cybersecurity firm has also introduced research projects to educate the public about online cyber threats and ways to avoid them.

Surfshark Products

The cybersecurity platform enables access to six products. They are:

Surfshark VPN

A virtual private network (VPN) creates a secure, encrypted connection over the internet, protecting users’ online activity from being tracked and masking their location. This helps users access content that might be blocked in their country and keeps their data safe.

Surfshark provides a reliable VPN service with over 3,200 servers across different countries. It lets users browse, stream, and download safely. It also offers features like an ad and malware blocker, connects via two servers for extra privacy, and bypasses restrictions in censored regions.

Surfshark Antivirus

An antivirus protects users’ devices from malware, viruses, and other harmful software. It scans their system to detect and remove threats, keeping the device safe from cyberattacks.

Surfshark Antivirus provides real-time protection and scheduled scans to detect malicious software on users’ devices. It is easy to use and seamlessly integrates with Surfshark’s other security tools. It also scans and blocks malicious websites and downloads.

Surfshark Alert

This tool monitors whether the user’s personal data, such as email addresses, passwords, and credit card details, has been exposed to data breaches. It sends the user alerts to take action before their data is misused.

With Surfshark Alert, users are immediately notified that their data is compromised so they can change their passwords, cancel their credit cards, or take any action to safeguard funds and user data.

Surfshark Search

Private search engines ensure that users’ searches are anonymous and untraceable. Surfshark Search provides an ad-free search experience with no logs or tracking, ensuring users’ search queries and results stay private.

Alternative ID & Alternative Number

Surfshark’s Alternative ID is a privacy tool that generates temporary user email addresses. It protects their email addresses from spam exposure when signing up for newsletters and web registration. For the service to work, the disposable email address forwards messages to the user’s email account, keeping their primary email safe and private.

Surfshark also has an Alternative Number, a feature that provides users with temporary, virtual phone numbers, including United States phone numbers. It keeps their phone number private when making calls or signing up for services requiring a phone number. It also prevents unwanted calls to the user’s actual phone number.

Incogni

Data brokers are collecting and selling users’ data without their consent. Incogni contacts these brokers on customers’ behalf to request the deletion of their personal data from their databases. The service is available in the U.S., the United Kingdom, the European Union, Canada, and Switzerland.

Surfshark Pricing

Surfshark offers three pricing plans that open access to specific services. They are:

  • Surfshark Starter: This plan unlocks the VPN and Alternative ID functions. Its monthly price is $15.45 (including taxes).
  • Surfshark One: This plan unlocks the VPN, Antivirus, Alert, and Search services. Its monthly price is $15.95 (including taxes).
  • Surfshark One+: This pricing tier enables access to VPN, Antivirus, Alert, Search, Alternative ID, and Incogni. The monthly price is $17.95 (including taxes).

NOTE: Incogni can be purchased separately with a one-month plan of $12.99 with tax.

Surfshark Security

Surfshark employs a series of security measures to ensure that user’s data are private and secure from prying eyes.

The platform offers the WireGuard, IKEv2/IPSec, and OpenVPN VPN protocols known for their security, speed, and reliability.

Surfshark uses the AES-256 encryption algorithm, generally regarded as one of the best in the industry, to secure users’ internet traffic between their computers and the VPN server. 256-bit encryption refers to the length of the encryption key used to secure a file or stream of data.

When combined with secure protocols like OpenVPN and IKEv2/IPSec, this encryption feature ensures that users’ data is entirely safe from snooping and tampering. Even if hackers or other third parties were able to intercept data, it is designed to remain uncrackable.

Along with AES-256 encryption, Surfshark uses ChaCha20 encryption for the WireGuard protocol. Although similar, the main difference between both encryptions is that AES-256 divides data into blocks, whereas ChaCha20 ciphers each bit of data separately.

Surfshark also uses a 2048-bit version of the RSA (Rivest-Shamir-Adleman) encryption key. This feature has two keys, each used to encrypt and decrypt. The digit 2048 represents the number of bits in the mentioned RSA key itself.

Surfshark utilizes a private domain name system (DNS) on its servers, enabling users to add an extra layer of protection and prevent third parties from intercepting browsing sessions. For more protection, there is an option for multi-hop connections, which offers an added layer of security by passing users’ connections through multiple VPN servers instead of only one.

Another important security feature on Surfshark is the kill switch. It enables a user to disconnect from the internet automatically if it detects that the VPN connection is severed.

Surfshark boasts of being among the first providers in the VPN industry to upgrade its servers to RAM-only infrastructure. This means any information, usually on the hard drive, wipes off automatically whenever a server is turned off.

Surfshark also performs comprehensive checks to identify outdated firewalls and missing software patches that could be entry points for cyber threats. The cybersecurity platform provides webcam protection and anti-spyware technology to round out its defenses.

To demonstrate its commitment to reliability and better security practices, Surfshark initiated an independent security audit and introduced two-factor authentication to its products. The company’s Android mobile app has also passed security auditing by the App Defense Alliance, proving that it meets industry standards set by the Open Web Application Security Project (OWAP).

Why Use Surfshark

Here are reasons to use Surfshark:

Boost Anonymity

The open nature of the internet has made it difficult for users to maintain their privacy and protect their personal data. Surfshark changes the narrative by allowing users to boost their anonymity while accessing their preferred internet services. Using Surfshark’s suite of products encrypts users’ data, preventing them from being tracked by hackers, government agencies, or analytical firms. Users can also rest assured that their data is not susceptible to compromise by unauthorized entities.

Bypass Geographical Restrictions

For far too long, users in various regions globally have had to contend with regulatory bans on certain services and websites. Such bans often affect legal business activities, social interactions, and more. With Surfshark VPN, users do not need to worry about geographical restrictions as they seamlessly interact with their desired platforms.

Protection from Unsafe Crypto Trading

Over the past few years, the crypto industry has been the target of multiple hacks, sweeping billions from the market. Hackers commonly execute these exploits through phishing links, compromising SMS verifications, data breaches, and more. Even experienced crypto traders fall prey to these attacks. However, Surfshark protects users’ accounts and funds through its products designed to mask users’ digital footprint, and alert users against malicious links and platforms.

Other benefits of using Surfshark include:

  • 24/7 customer support.
  • No-logs policy.
  • 30-day money-back guarantee.
  • Accessible on multiple devices.
  • It brings multiple services into one app.
  • Supports multiple devices.

Conclusion

Surfshark offers a cohort of tools themed around privacy and security to give crypto users complete control of their digital identity. This article highlighted all six primary tools Surfshark offers, including its pricing plans and security.

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Cryptocurrency

Crypto Markets Skyrocket by Almost $400B in Days as BTC Price Surges Past $103K (Weekend Watch)

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Bitcoin’s recent price ascent took the asset to a new multi-month peak of over $104,000 where it faced some resistance and now sits above $103,000.

Many altcoins continue to post impressive gains, with ETH standing well above $2,300, while DOGE has soared past $0.21.

BTC’s Impressive Week

If we roll back the clock to May 6, we will see that BTC’s price was just rejected at $98,000, and the asset had slipped back down to under $94,000. Although this $4,000 price drop might sound painful, a broader look would show that bitcoin has still added roughly $20,000 since the early April lows. Impressive, right?

Well, the primary cryptocurrency wasn’t done yet, not by a long shot. It bounced off that support line, and it took about a day to fly past the coveted $100,000 line. As such, BTC stood within a six-digit price territory for the first time in over three months.

The gains kept coming on Friday as bitcoin exploded to its highest price level since late January of over $104,000. It met some resistance there and was pushed south by a few grand, but that was short-lived. As of now, BTC stands well above $103,000 – a 7% weekly surge and a 26% monthly pump.

Its market capitalization has risen to $2.050 trillion, while its dominance over the alts has taken a hit and is down to 60.5%, as many altcoins have registered mindblowing price increases.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts With Big Gains

Many altcoins have doubled down on yesterday’s price increases with massive gains today as well. ETH is among the leaders as another 6% surge has taken it to $2,350 where it faces a crucial resistance.

Binance Coin, Solana, Avalanche, and Shiba Inu have marked similar pumps, while DOGE has risen by over 12% and now trades above $0.21.

As a whole, the meme coins have posted the biggest gains, with PEPE and FARTCOIN leading the charts with substantial double-digit price increases.

The total crypto market cap has surged to $3.4 trillion on CG. This means that the metric has added roughly $400 billion since May 6.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

3 Reasons Why a New Bitcoin (BTC) ATH Is Incoming

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TL;DR

  • Bitcoin’s recent outflows from exchanges and other vital factors support the case for a push toward a new all-time high.

  • However, the rising RSI suggests the asset may be overbought and vulnerable to a short-term pullback.

New Peak on the Way?

The price of the leading cryptocurrency has been booming lately, briefly climbing above $104,000 earlier today (May 9). As of this writing, bitcoin (BTC) is worth approximately $103,000, which represents a 33% monthly increase.

The asset’s impressive rally sparked huge enthusiasm on crypto X, with multiple users predicting that an upswing toward a new all-time high is just a matter of time. Some important factors support the bullish thesis.

An example is BTC’s exchange netflow, which has been predominantly negative on most days in the past week or so. This indicates a shift from centralized trading platforms toward self-custody methods and reduced selling pressure.

BTC Exchange Netflow
BTC Exchange Netflow, Source: CryptoQuant

The interest in BTC is also worth mentioning. Over the last few weeks, Google searches with the word ‘bitcoin’ have been on the rise, signaling increased attention from investors, especially retail.

BTC searches
BTC searches, Source: Google Trends

As CryptoPotato reported earlier today (May 9), Bitcoin’s network saw almost 350,000 newly created wallets in a single day, signaling a FOMO effect. On some occasions in the past, the massive influx of retail investors has been a precursor of cycle tops. Although the current retail numbers are higher now than in the last several weeks, they are still far from what could be described as the bull run top. 

Last but not least, we will focus on the upcoming meeting between US and Chinese officials scheduled for this weekend. The two sides will supposedly discuss de-escalation of the ongoing trade war. Recently, American President Donald Trump hinted that the tariffs imposed on China might be cut in the near future.

Eased tension between the two biggest economies in the world could positively impact the financial and crypto markets since it would reduce uncertainty and might boost investor confidence. 

Greed Is Here, But Watch Out

BTC’s recent bull run seems to have affected investors’ sentiment. Today, the popular Fear & Greed Index surged to “greed” territory of 73, a level last observed in January this year.

BTC Fear and Greed
BTC Fear and Greed Index, Source: alternative.me

The metric tracks numerous segments, such as price volatility, social media comments, and surveys, to determine the momentary investor feelings toward BTC. 

The predominantly bullish sentiment might sound encouraging, but one should keep in mind Warren Buffett’s advice, who once urged people “to be fearful when others are greedy and to be greedy only when others are fearful.”

The Relative Strength Index (RSI) is another indicator worth monitoring. The momentum oscillator measures the speed and magnitude of the latest price changes and varies from 0 to 100. It helps traders spot potential trend reversals, as readings above 70 typically signal that the asset could be overbought and headed for a pullback. Currently, the ratio stands at almost 75.

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How Saylor’s Strategy Transformed Bitcoin into a Deflationary Asset: Details

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By being pre-programmed to have only 21 million bitcoins ever to exist, the largest cryptocurrency’s model is not, by definition, deflationary. After all, new BTC is mined every day, and none is being destroyed in the traditional sense of the word, which is the opposite of deflationary.

However, CryptoQuant’s CEO explained how Strategy and its co-founder, and BTC champion, Michael Saylor, made bitcoin into a deflationary asset.

Is BTC Deflationary?

By definition, deflationary means that the asset’s supply is designed to decrease over time. So, by that explanation, the newly minted BTC every day (currently ~450 BTC/day) does not put the cryptocurrency into that category. Someone would argue that BNB should be there since it has a burning mechanism to reduce the overall supply from 200,000 to 100,000.

Ethereum also made some progress on that matter, but that’s a different and rather controversial topic (and it doesn’t really work as promised, at least not always).

In BTC’s case, though, there’s one big (un)spoken hero who deserves a big “thank you” from Bitcoin Maxis, according to CryptoQuant’s chief exec, Ki Young Ju (even though he deleted the original post with the thank you note). In the updated one, he explained that Michael Saylor, through the company he co-founded, has turned Bitcoin into a deflationary asset because the entity is “buying BTC faster than it’s mined.”

CQ’s CEO determined that Strategy’s strategy (yeah, we get how it sounds) not to sell at any cost has turned its massive stash of over 555,000 BTC into an illiquid supply. This means that MSTR’s holdings are equal to -2.23% annual deflation rate for bitcoin. The percentage could be even higher when we examine other “stable institutional holders” who have incorporated the HODL strategy.

555,450 and Counting

The company began its massive accumulation spree in September 2020 when it was called MicroStrategy and Saylor was still CEO. At a time when bitcoin was fighting to stay above $10,000 (yes, one zero less than now), the NASDAQ-listed business intelligence software firm bought 21,454 BTC via 78,388 off-chain transactions.

In the following year, the cryptocurrency’s price skyrocketed to an all-time high of almost $70,000. The company kept buying. Then, the asset plunged deep below $20,000 following the FTX crash as well as many other industry blow-offs. The firm continued accumulating, even though its stash was now well in the red.

The 2024 US elections only strengthened Strategy’s conviction, and the firm now owns 555,450 BTC, valued at almost $58 billion at current prices. This puts its holdings in an unrealized profit state of nearly $20 billion.

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