Bitcoin Risk Management

Now that bitcoin is more recognized by the general public it makes sense to learn things like security and best practices. Risk management is slightly different with this new form of digital money. A bank account has its perils of skimming and other dangers. Bitcoin also has its own class of hazards to consider.

Keeping your money in a safe wallet. Bitcoin and other cryptocurrencies are kept in digital wallets. Like pickpockets out in the physical world, there are undesirables that also want to get your money out of your digital wallet. One way to mitigate the risk is to use seed phrases with your digital wallet. This may sound odd, but it works. The now-defunct paper wallet is not to be used as it is now unsafe.

Managing risk by not keeping your Bitcoin in an exchange. For those that remember Mount Gox, this was the first time that a Bitcoin exchange was hacked in a big way. A total of 640 thousand Bitcoins were stolen from this exchange. The exchange lasted for around three to four years and had to announce bankruptcy for this theft. This should have been enough for people to learn from using centralized exchanges with their Bitcoin. Unfortunately, it was not.

CoinFLEX tokenises short-term corporate debt on the blockchain

CoinFLEX tokenises short-term corporate debt on the blockchain, creates new 24/7 tradable debt market HONG KONG – December 17, 2020 – CoinFLEX has created a new market for short-term commercial paper, enabling private companies to borrow USD and BTC unsecured for crypto trading purposes. Five trading firms are borrowing millions…

CoinFLEX Launches Interest Bearing Stablecoin

flexUSD Marks CoinFLEX’s Entrance into the Borrowing, Lending and Stablecoin Space CoinFLEX Repo Market Traded $445M Since June Launch HONG KONG – November 17, 2020 – CoinFLEX, the world’s first physically delivered cryptocurrency futures exchange, today announced the launch of flexUSD, an interest bearing stablecoin that will lend in CoinFLEX’s…

CoinFLEX Borrow/Lend and flexUSD

CoinFLEX’s repo market has traded $445M since launch and now CoinFLEX leaps into the world of Borrowing, Lending and Stablecoins with the launch of flexUSD, an interest bearing stablecoin that will lend in CoinFLEX’s repo markets and pay interest on the blockchain every 8 hours. CoinFLEX seeks to bridge the…