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You Could Be Leaving Your Crypto Wallet Open to Hackers—Here's How to Protect It


Private keys, or a string of letters and numbers similar to a password, are used to unlock access to a holder s cryptocurrency. In turn, it s extremely important that your private keys remain undisclosed to the public.
Anybody, anytime, that gets a private key can move funds, Parker Lewis, head of business development at bitcoin custody and loan firm Unchained Capital, tells CNBC Make It. The only way that funds can be moved is if you have the private key, and that s why securing private keys is so important.
According to the Federal Trade Commission, nearly $82 million was reported lost to crypto scams during the fourth quarter of 2020 and first quarter of 2021. That is more than 10 times the amount from the same period the year before, the FTC reported. ....

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Unchained Capital Finalizes $25M Series A Round led by Bitcoin Tech and Financial Services Provider NYDIG


Unchained Capital Finalizes $25M Series A Round led by Bitcoin Tech and Financial Services Provider NYDIG
June 5, 2021 @ 5:40 pm By Omar Faridi
Unchained Capital, Inc. recently revealed that it has completed the initial closing of a $25 million Series A round that was led by institutional Bitcoin tech and financial services provider,
NYDIG and parent firm
Stone Ridge Holdings Group.
In addition to participating in the equity round and increasing their minority stake, NYDIG has reportedly decided to make an incremental lending commitment of $100 million. NYDIG says it will remain the principal funding partner to Unchained Capital which will support its Bitcoin-backed multisig lending solution. ....

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