Connect with us

Blockchain

Which Linux Distro Is Best for Privacy? We’ve Done the Research [Guide]

Best Linux Privacy Distro

This article is for people who want more online privacy and security. If you are in a hurry to find your distro, skip ahead to “How to Choose Your Best Linux Privacy Distro.” Why is Linux better than Windows or macOS? Independent security experts favor Linux over either Windows or macOS, explaining all the reasons […]

Which Linux Distro Is Best for Privacy? We’ve Done the Research [Guide] was originally found on Blokt – Privacy, Tech, Bitcoin, Blockchain & Cryptocurrency.

Avatar

Published

on

Best Linux Privacy Distro

This article is for people who want more online privacy and security. If you are in a hurry to find your distro, skip ahead to “How to Choose Your Best Linux Privacy Distro.”

Why is Linux better than Windows or macOS?

Independent security experts favor Linux over either Windows or macOS, explaining all the reasons why is an article in itself. We’ll touch on two of the big reasons most pros favor Linux over Windows and macOS, then zoom in on Linux distros.

Two of the biggest reasons experts say Linux is more secure than Windows or macOS are that Linux:

  • Is Built on Open Source Software
  • Is a “Small” Target for Hackers

Linux is Built on Open Source Software

The code that Linux is built on is open-source software. That means anyone can read or modify the code. While that may sound like a privacy nightmare, it is actually the opposite. Independent programmers from all over the world work on Linux code. That makes it almost impossible for a bad actor to add malicious code to Linux without someone seeing it.

Contrast this to proprietary operating systems like Windows or macOS. The proprietary source code is controlled by the company and hidden from outsiders. If you use a proprietary operating system, you have to trust the company. Will they ensure that no malicious code gets added by outsiders? Will they add malicious code themselves?

Windows 10, for example, has code in it that records all sorts of information about how you use your computer. Microsoft inserted this code intentionally to gather this information for their own use. In the Linux world, a small army of programmers guards the source code against this kind of behavior.

Linux is a “Small” Target for Hackers

According to Statistica, in 2017, there were over 1.3 billion users of Microsoft Windows in the world. They also stated there were over 170 million users of MacOS 10.

What about Linux? Around 28 million users. In other words:

  • There are about six times as many MacOS users as Linux users.
  • There are almost 50 times as many Windows users as there are Linux users.

If you were a hacker, which target would you choose? The 1.3 billion Windows users or the 28 million Linux users?

Social Engineering May Be the Biggest Threat of All

While the operating system you use is important to your online privacy, social engineering might be an even bigger threat than some piece of malicious software.

“The key to social engineering is influencing a person to do something that allows the hacker to gain access to information or your network.” Kevin Mitnick, Internet security expert and “world’s most famous hacker.”

Bad guys of all types use social engineering techniques to get around the protections built into your operating system. They take advantage of your trusting nature or curiosity to trick you into giving them the information they want.

See this article to learn about various social engineering attacks and how you can protect yourself from them.

Okay, so what exactly is Linux?

We’ve been talking about Linux and how it differs from Windows and macOS. But we haven’t said exactly what Linux is. Let’s do that now.

Linux is a family of free and open-source operating systems. It is based on core software called the Linux Kernel. Because the Kernel is free and open-source, anyone can use it to create their own version of Linux. When someone bundles together the Kernel and the rest of the software to make a fully functional operating system, it is called a Linux Distribution, or Linux Distro.

Developers have created hundreds of Linux Distros for a wide range of purposes. Some can replace Windows and macOS on the typical user’s desktop computers. Others run everything from the print server in your office to the most powerful supercomputers. Even the Android operating system running your smartphone is based on Linux.

While it is cool that Linux is used in so many places, that doesn’t help us much right now. So for the rest of this article, we’ll concentrate on Linux Distros that run on personal computers and are used for typical personal activities. We’ll ignore the versions running on smartphones, supercomputers, and other places.

Pros and Cons of Moving to Linux from Windows or macOS

Pros Cons
Most Linux Distros are free. Support can be limited/disorganized.
Linux is considered more secure. Most of the world runs Windows or macOS.
There is a Linux Distro for virtually any use case. The most popular software runs on Windows.
There are free and open-source programs that work like most popular Windows programs.
Less malware is written for Linux.
Linux Distros are usually faster/more efficient.

How to Choose Your Best Linux Privacy Distro

Choosing the best privacy distro is a personal thing. Perfect privacy is impossible to guarantee. And the greater the privacy you want, the more tradeoffs you will need to make.

In an ideal world, all our Personally Identifiable Information (PII) would be private. We would control who gets to see our information. The same goes for records of what we do and where we go when online.

Instead, all sorts of groups are trying to get their hands on this information for their own uses. You have to decide how much online privacy you need and how much you are willing to sacrifice to get that privacy.

The most popular operating systems and programs usually have the weakest privacy protections. But they also work with the most websites and have the most support. This makes them ideal targets for the bad guys.

Worse, the makers of these operating systems and programs often want your PII for their own uses. Remember the uproar when people saw what data Windows 10 collects about its users?

Moving to a Linux Distro eliminates many privacy and security problems. That said, every distro has its strengths and weaknesses. Read on to learn about several popular Linux Distros and the kind of privacy they give you.

Regular Linux Distros for Basic Privacy

If you use Windows or macOS, you can boost your privacy simply by moving to Linux. In this section, we’ll look at the privacy strengths and weaknesses of three popular Linux Distros.

Ubuntu

Ubuntu is the most popular desktop Linux Distro. It is supported by a company called Canonical Ltd. Canonical funds development of Ubuntu with money earned, providing Ubuntu support to businesses. Unfortunately, Ubuntu has a spotty record when it comes to user privacy.

In 2012, Ubuntu recorded what users searched for in the files on their computers. It then sent that information to Canonical. Canonical used the information to run targeted Amazon ads on the user’s computer.

This prompted Richard Stallman, President of the Free Software Foundation, to call for the free software community to shun Ubuntu for spying on its users. Canonical eventually disabled this monitoring after much public pressure.

In 2018 Ubuntu began collecting a range of data from user’s computers and sending it back to Canonical. They say the data is anonymized, but the fact that they began collecting the data upset a lot of people. So did the way they set things up. New installations of Ubuntu 18.04 were set up to collect and send the data. Users should have to opt into giving up their data, not opt-out of Canonical taking it automatically.

Given this history, we recommend you look at other Linux distros if you value your privacy.

Linux Mint

Linux Mint is perhaps the version of Linux that Windows users will find easiest to adjust to. In particular, Linux Mint Cinnamon looks and feels much like Windows 7 did.

But what about privacy? This could have been a problem since Linux Mint is built on Ubuntu code. However, in their April 2018 newsletter, the Linux Mint team announced, “Ubuntu ships with “ubuntu-report,” which collects metrics and usage data. This package won’t be present in Linux Mint, and no data will be collected or sent.”

Linux Mint
Linux Mint

While Linux Mint doesn’t have the potential privacy issues that Ubuntu does, it certainly doesn’t provide the ultimate in privacy protection. Among other things, while it comes with all open-source software by default, Linux Mint does allow you to install proprietary video drivers and other software. This increases the risks to your privacy.

Linux Mint also uses unencrypted, non-anonymized connections to the Internet by default. This gives you the maximum in compatibility with websites and other online resources. But it leaves you exposed to all sorts of snooping unless you install and correctly configure tools like a VPN of Tor.

But if you are looking for a more private open-source operating system that’s easy to switch over to from Windows, Linux Mint could be a good option. One of our team has been using Linux Mint for several years now on multiple computers and remembers the switchover from Windows 7 as being very easy.

Debian

Debian is a Linux Distro that offers significant privacy improvements over Ubuntu or Linux Mint. But those improvements come at the price of some compatibility issues. Debian does not support any proprietary drivers or other components. This means that some popular commercial software won’t run on Debian.

On the other hand, the Debian community has created open source replacements for most any proprietary product you might need. As we said, there is some tradeoff of convenience for privacy.

Debian ships with Firefox-ESR (Extended Support Release) as its web browser. The personal version of Firefox ships with Ubuntu and Linux Mint. Firefox-ESR doesn’t include some of the privacy-threatening features that the personal version has. This makes the ESR version safer, but it may not work with some websites.

Emphasizing the Debian focus on user security and privacy, the team maintains a very detailed,

“step-by-step guide for setting up a personal computer with Debian from scratch to a fully configured system with high security, usability, convenience, and privacy protection.”

This SecurePersonalComputer guide is designed to help you go as far as you wish in securing your system from basic installation to advanced topics like:

  • Installing the OpenVPN client and using it with a commercial VPN service
  • Hardening the Linux Kernel against attacks
  • Installing an Intrusion Detection System and Security Auditing Tools
  • Installing Electrum, a free and open-source Bitcoin wallet

If you are looking for solid privacy and are willing to put up with some inconvenience and incompatibilities with the latest and greatest stuff on the Internet, Debian could be the Linux Privacy Distro for you.

Specialized Linux Distros for Privacy, Anonymity, and Security

The following three Linux Distros are specialized ones for people with more serious privacy needs.

Tails

Tails OS
Tails OS

Tails (The Amnesic Incognito Live System) is a Linux Distro designed to keep you anonymously and safe while online. So what’s with the crazy name? It will actually make sense if we look at each piece in reverse order:

  • Live System – A live system is an operating system that can runs from a USB Stick or DVD without being installed on the computer where it is running. A live system is also sometimes called a live OS.
  • Incognito – Tails uses the anonymous Tor network to connect to the Internet. Only the most powerful adversaries have the money and tech to defeat the Tor network. That means Tails can travel the Internet “incognito.”
  • Amnesic – Tails does not leave any traces of its presence on the computer you are using. Not only that, but by design, Tails itself doesn’t remember anything either. All the data from your current session in Tails is in the RAM of the computer you are using. As soon as you power down the computer, everything is forgotten, making Tails “amnesic.”

Just from decoding the name, we can see that Tails is off to a good start when it comes to protecting your privacy. Beyond those in its name, Tails has these additional privacy features:

  • Tails are based on Debian, itself a strong privacy distro.
  • Tails comes with state of the art encryption tech built-in, including PGP and OTR support, automatic HTTPS, the KeePassX password manager, and much more.

With all this built-in privacy and anonymity in a mobile, use-anywhere package, Tails far surpasses distros like Linux Mint and even Debian. In case you’re still not convinced that this is a powerful Linux Privacy Distro, you should know that Edward Snowden used Tails to keep himself safe when he was passing NSA secrets to reporters a few years ago.

This doesn’t mean that Tails is foolproof. Researchers find security issues in Tails from time to time. The Tails team fixes them, of course, but there is no guarantee that all the possible issues have been found and fixed.

How safe you are when using Tails (or any other privacy distro) depends in part upon who wants you, and how badly they want you. If you want to protect yourself from a typical threat (you ex’s lawyer perhaps), Tails is likely more than sufficient.

But if you want to protect yourself from a global adversary (like the NSA) who wants you really badly, it isn’t clear that Tails is sufficient to save you. To help you understand the risks, the Tails team has a page dedicated to warnings.

To summarize, if you need robust privacy protection, and you’re not being pursued by the NSA, the 5 Eyes, or some other gigantic adversary with a global reach, Tails could be your answer.

Whonix

While you are running a live system like Tails, it is the only operating system running on your computer. You don’t have to worry about the security of the operating system and programs that usually run on the computer.

At the same time, running from a live system has drawbacks. You are limited to the software that comes with the live system. This software is designed to give you privacy but usually doesn’t include the latest features and technologies.

Normally, a live system like Tails won’t even keep data from session to session (remember the Amnesic part of the name). Setting up a Persistent Storage partition gives Tails the ability to remember data from session to session, but introduces its own security vulnerabilities.

Whonix isn’t a live system. It typically runs as two VirtualBox virtual machines (VMs) on top of the computer’s normal operating system. It relies on the VirtualBox virtualization program to keep the software running in Whonix isolated from the rest of the software on the computer.

Like Tails, Whonix is based on a modified version of Debian.

Whonix protects you by dividing communications and your workspace between the VMs. Whonix-Gateway is the communications part of the system. It uses the Tor network to handle all connections with the outside world. The other VM is called Whonix-Workstation. This VM comes with common applications that are installed and configured and ready to run. You do all your work within the Workstation VM.

Because it uses VirtualBox VMs, Whonix can run on the vast majority of computers. You can work in the secure Whonix Workstation and still use the computer normally. This is convenient but dangerous.

Have you ever accidentally typed in the wrong window on your computer? Imagine doing this on a computer running Whonix. Only the software running in the Workstation VM is secure. The software outside Whonix is just as vulnerable to spyware, keyloggers, and other spying as ever.

And remember, any programs using the Whonix Gateway communicate through Tor. But programs running outside Whonix do not. Your ISP and anyone else who happens to be monitoring your computer will be able to see these communications.

We think Whonix by itself is risky due to running on the (probably insecure) regular operating system of the computer you use it on. However, there is a pretty elegant solution to this problem. We’ll tell you about it shortly. But before we do, we need to talk about Qubes.

Qubes

With much of the Western security apparatus (spy agencies) out to get him, Edward Snowden is one guy who has to stay on top of Internet privacy and security. As you just saw, Snowden used Tails when he was first leaking information from the NSA.

But Edward Snowden has stopped using Tails and now relies on the Qubes OS. While the Qubes team bills their product as “a reasonably secure operating system,” Snowden and other experts take it much further:

Qubes OS
Qubes OS

Qubes protect you using the “Security by Isolation” approach. Using Qubes, you define security domains, each of which runs in a virtual machine. This lets you isolate programs and even components of Qubes from each other. Things running in one security domain can’t affect things running in other domains.

Say you use a normal computer for personal banking. But you also use it to visit dodgy websites sometimes. If something on one of those dodgy websites manages to compromise your computer system, everything on it, including your banking information, is at risk.

What if you were running Qubes? You would likely have one security domain for banking, and another for visiting those dodgy websites. Now, if something from one of those sites compromises your computer system, it can only touch things in the same security domain. Your banking information stays safe.

To make this all happen, Qubes replaces your old operating system with the Xen hypervisor. The Xen open source, type-1 hypervisor runs on bare metal. In other words, it runs directly on your computer’s hardware.

Because Xen doesn’t run on top of Windows or some other operating system, it is fast and efficient. It also eliminates the risk that the underlying operating system might be compromised (since there is no underlying operating system).

As far as each security domain virtual machine (called an AppVM in Qubes documentation) can tell, it is its own separate operating system. Most AppVMs run Linux, but there is support for Windows AppVMs too. Qubes provides tools for securely passing data from one domain to the other.

As you can see, Qubes is quite a step up in complexity from even Tails or Whonix. At the same time, Qubes itself doesn’t provide anonymity or privacy. To add these capabilities, people sometimes run Whonix inside of Qubes or Tails inside of Qubes.

If high-end privacy protection is what you need, and you are willing to make a radical shift in your computing environment, Qubes could be your answer.

How much privacy do you really need?

Choosing the best Linux Distro for your own privacy is a balancing act. Each of the Distros we’ve looked at here offers a different balance of privacy vs. convenience.

We suggest you start by picking the Linux Privacy Distro that looks like the best fit for you. Read the detailed review you’ll find on this site or dive right in and test it out for yourself.

BitStarz Player Wins Record-Breaking $2,459,124! Could you be next to win big? >>>

Blokt is a leading independent privacy resource that maintains the highest possible professional and ethical journalistic standards.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blokt.com/guides/best-linux-privacy-distro

Blockchain

BIC’s Video News Show: Shiba Inu (SHIB)

Avatar

Published

on

In this episode of the BeInCrypto video news show, host Jessica Walker will address Shiba Inu, which has been stealing the spotlight from dogecoin (DOGE). We’ll look at details about its launch, its prospective ecosystem, and recent price movements.

Is Shiba Inu Coin Really a Dogecoin Killer, or is There More to It?

Shiba stealing the spotlight

Dogecoin has now become so big that the world needed a “Dogecoin killer”! The Shiba Inu coin has taken the crypto world by storm in the last several days. Despite Elon Musk announcing a dogecoin mission to the moon on SNL, this other meme coin has stolen the spotlight.

Shiba Inu is up almost 1,500% in the past week, after being listed on Binance and Crypto.com. Everyone seems to think it’s dogecoin 2.0. But could this coin carve out a place for itself among the heavyweights in the crypto world? 

Vitalik owns half

Perhaps the most curious fact about the SHIB coin is that half is owned by Ethereum (ETH) leader Vitalik Buterin. He has nothing to do with the creation of the coin. But he received 50% as a gift from the creators when the coin was launched. This could quite possibly be the biggest gift in human history, as it currently stands at $8.2 billion.

This type of offering is known as an initial DEX Offering where founders release their token via a decentralized exchange. Some tokens launched under Ethereum’s ERC-20 standard, have been known to send Buterin a certain amount of their coin. This is done partially out of respect for his vision but also as a publicity tactic.

Shiba ecosystem

The other 50% of Shiba Inu is on the decentralized Uniswap network and was released through an initial DEX Offering.  It can also be used on ShibaSwap, the project’s decentralized exchange. Here, users can stake their tokens for interest via staking rewards. Shibaswap also has plans to Integrate NFTs into its platform after launch.

All-in-all, there will be three different tokens native to Shiba Inu’s platform. First, Shiba Inu, then LEASH, which supports the staking function. Finally, BONES will act as a governance token.

ShibaSwap was expected to launch at the end of April, but currently there’s no fixed date. But with over 260,000 holders, we’re pretty sure the developers will be working overtime to get things going.

Technical analysis

At the time of recording, we can see that the price is testing a support level but the uptrend is definitely intact. If it keeps going the price could be headed higher to test the record high we saw yesterday, after the coin was added to Binance.

The Shiba Coin and its soon-to-be decentralized exchange, have definitely attracted attention. And as we’ve seen with other cryptocurrencies, community enthusiasm and numbers play a key part in the rise and fall of the project. 

Should ShibaSwap launch while the attention is at its peak, and function as promised, we could see another DeFi player emerge rapidly and push for a place in the top projects by market cap. At the time of the recording, Shiba Inu is in 14th place on Coinmarketcap and has passed the $10 billion threshold.

This rapid growth has of course been seen before and price volatility is expected in the short term. But if its unique selling point of being a cryptocurrency run 100% by its community does materialize, then we could be witnessing the start of something special.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/bics-video-news-show-shiba-inu-shib/

Continue Reading

Blockchain

Crypto.com Gains Class 3 VFA License From Maltese Financial Authorities

Avatar

Published

on

Crypto.com has reportedly become the first cryptocurrency platform ever to get a Class 3 VFA License. A license issued by financial authorities in Malta.

On May 12, Crypto.com posted a tweet stating their pride at this historic moment. They linked to a post on the company blog page, which outlined the license in more detail. The post described the event as “a watershed moment for the cryptocurrency industry.”

The Class 3 Virtual Financial Assets (VFA) License reinforces the relationship between Crypto.com and the Malta Financial Services Authority (MFSA). Now, affording the platform’s users with better protection under a definitive regulatory framework.

Prior to the issuance of this license, the crypto platform had adhered to Malta’s Virtual Financial Assets Act, and worked closely with the MFSA ever since.

A strict set of conditions

The license allows Crypto.com to provide services to users trading at both beginner and expert levels. Services such as executing orders on a trader’s behalf, or serving in the role of dealer on their own account. 

As one of the few countries in the European Union with a clear regulatory framework when it comes to cryptocurrency, the MFSA had a strict set of conditions for Crypto.com to meet before granting the license. Meeting those conditions gives the platform what it describes as “proof of [its] commitment to provide a secure and compliant crypto trading environment.”

Crypto.com is still waiting on a final decision from the MFSA regarding another certification. Namely, a Financial Institution License. The platform received its in-principle approval from the Maltese regulator back in November 2020.

According to Crypto.com’s latest blog post, the final approval over this license, which will allow the platform to issue electronic money and offer payment services, is still being processed.

Malta is not the only relationship Crypto.com has been carefully cultivating recently. The cryptocurrency platform forged a partnership in Italian soccer, last week. A partnership officially launching with the Hong Kong-based exchange sponsoring the Coppa Italia final between Atalanta and Juventus.

While this is by no means a first for Crypto.com in terms of sponsorship deals in sport, their partner, Lega Serie A, expressed pride at being “the first football league to step into the world of cryptocurrency.” A collection of NFTs will commemorate the collaboration. The series will reportedly feature match highlights and the trophy among other things.

Prior to this, Crypto.com has also collaborated with the Aston Martin Cognizant Formula One Team, also with a collection of NFTs. In addition, back in March, they partnered with hockey team The Montreal Canadiens.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/crypto-com-gains-class-3-vfa-license/

Continue Reading

Blockchain

More Crypto Point-of-Sales Through MoneyGram, Coinme Partnership

Avatar

Published

on

MoneyGram is partnering with Coinme to enable the cash funding and payout of digital currency purchases and sales. 

The partnership will pair MoneyGram’s mobile, API-driven payments platform with Coinme’s proprietary cryptocurrency exchange and custody technology. It will enable thousands of new point-of-sale locations throughout the United States. If successful, the partnership will expand to international markets by the second half of 2021.

“This innovative partnership opens our business to an entirely new customer segment as we are the first to pioneer a crypto-to-cash model by building a bridge with Coinme to connect bitcoin to local fiat currency,” remarked MoneyGram Chairman and CEO Alex Holmes. 

Specially designed for newcomers to cryptocurrencies, the integration is set to provide a convenient way for customers to purchase bitcoin (BTC) with cash and withdraw bitcoin holdings in cash. This could dramatically expand access to bitcoin, as there are currently fewer than 20,000 cryptocurrency kiosks in the world.

“MoneyGram has spent more than 80 years building one of the world’s largest P2P payment networks,” said Neil Bergquist, Coinme CEO. “By integrating its global infrastructure with our licensed crypto exchange technology, we can enable the purchase and sale of cryptocurrencies across its system using cash”.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/more-crypto-point-of-sales-through-moneygram-coinme-partnership/

Continue Reading

Blockchain

Coinbase, Softbank Boost Funding of Brazil-Based Money Management Firm

Avatar

Published

on

Brazilian money management firm focused on cryptocurrencies, Hashdex, has raised $26 million in funding.

Prominent investors included SoftBank Group Corp. and Coinbase Ventures, an arm of the U.S.’s biggest cryptocurrency exchange. However, a majority of the funds came from venture capital firm Valor Capital Group. Other investors included Brazil’s Igah Ventures, Globo Ventures, and Canary.

Hashdex history

Founded in 2018 by former Microsoft Corp. executive Marcelo Sampaio and Bruno Caratori, Hashdex is based in Rio de Janeiro. Currently, the firm has around 4 billion reais (roughly $763 million) under management. Headcount will reportedly rise from 25 to 100 by the end of the year, bolstered by plans for opening of new offices outside Brazil.

“Investors are still getting to know crypto and we see room to offer more products in Brazil,” said CEO Sampaio.

Just last month, Hashdex launched its Nasdaq Crypto Index Fund. The ETF debuted on April 26, on Brazil’s B3 exchange under the ticker symbol HASH11, with 615 million reais. The initial offering was led by Genial, with BTG, Itaú, and Banco do Brasil.

The ETF tracks the Nasdaq Crypto Index (NCI), co-developed with Nasdaq, to represent the institutionally investable crypto asset market.

When it launched, Sampaio highlighted the exposure the ETF would offer to investors in Brazil. “The arrival of HASH11 at B3 brings more comfort and security to the investor, who will have access to a basket of assets with periodic rebalancing and which follows the international safety parameters in this sector,” explained Sampaio. 

Crypto developments in Brazil

However, Hashdex’s crypto-based ETF was not the first available in Brazil. That distinction went to the Bitcoin ETF launched by QR Capital on the Sao Paulo exchange in March. The primary offering was for $500 million. While only immediately available to qualified investors, retail investors will be able to access it in June.

Meanwhile, Bitso, which services customers in Brazil, recently became the first crypto unicorn in Latin America. After raising $250 million during its Series C investment round, the company valuation rose to $2.2 billion.

Additionally, Moeda Seeds, which uses blockchain technology to serve “the unbanked and under-banking population in Brazil,” was recently accepted into Mastercard’s incubator program.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/coinbase-softbank-boost-funding-of-hashdex/

Continue Reading
Aviation5 days ago

What Happened To Lufthansa’s Boeing 707 Aircraft?

Blockchain5 days ago

Launch of Crypto Trading Team by Goldman Sachs

Aviation4 days ago

JetBlue Hits Back At Eastern Airlines On Ecuador Flights

Cyber Security4 days ago

Cybersecurity Degrees in Massachusetts — Your Guide to Choosing a School

Aviation5 days ago

United Airlines Uses The Crisis To Diversify Latin American Network

Blockchain5 days ago

Miten tekoälyä käytetään videopeleissä ja mitä tulevaisuudessa on odotettavissa

Blockchain5 days ago

DOGE Co-founder Reveals the Reasons Behind its Price Rise

Blockchain4 days ago

“Privacy is a ‘Privilege’ that Users Ought to Cherish”: Elena Nadoliksi

Cyber Security5 days ago

U.S. and the U.K. Published Attack on IT Management Company SolarWinds

AI1 day ago

Build a cognitive search and a health knowledge graph using AWS AI services

Fintech5 days ago

The Spanish fintech Pecunpay strengthens its position as a leader in the issuance of corporate programs

Private Equity5 days ago

This Dream Job Will Pay You to Gamble in Las Vegas on the Company’s Dime

Blockchain News5 days ago

Nasdaq-Listed Metromile Backs Bitcoin for its Insurance Products

Blockchain5 days ago

Crypto.com Now Enabling Cosmos’ Inter-Blockchain Communication Functionality for Cross-Chain Transfers

Cyber Security4 days ago

Cybersecurity Degrees in Texas — Your Guide to Choosing a School

SaaS5 days ago

Cleantech5 days ago

What We Know About Tesla’s “Bobcat Project”

Blockchain23 hours ago

Meme Coins Craze Attracting Money Behind Fall of Bitcoin

Energy2 days ago

ONE Gas to Participate in American Gas Association Financial Forum

Aviation5 days ago

Ryanair Goes Full Steam Ahead On Portugal Capacity Expansion

Trending