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BinBot Pro For Best Holiday Profits
BinBot Pro For Best Holiday Profits
BinBot Pro For Best Holiday Profits OFFICIAL WEBSITE: www.binbotpro.com
Are you looking to make some extra cash for those Christmas expenditures? If so, trading Forex and crypto with the BinBot trading app might be your best bet at making as much money as you can. The fact of the matter is that there are very few really profitable autotraders for Forex out there, and the BinBot Pro system is…
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BinBot Pro Review: Profitable Auto Trading or a Scam?

Reviews for automated trading systems like BinBot Pro are the most sought after.
This is because auto trading is the newest trend in the world of trading.
Many traders are confused about how auto trading work or are skeptical about it.
But we are here to the rescue!
In this review, we will go through the features of BinBot Pro to see how it works, how well it delivers on its promises and most importantly, you can know if it is a scam or not.
Binbot Pro Review
Automated trading systems like BinBot Pro allow auto trading with the help of trading algorithms.
The trader has to set some rules such as risk levels, entry and exit stipulations, and leverage and the rest will be done by the auto trader.
The traders can then relax and not worry about monitoring their positions.
This has made trading robots very popular and in demand.
As a result, the market is now flooded with tons of trading robots.
As a trader who’s looking for a reliable robot, it might become difficult to choose one.
Our Review on BinBot Pro will clear that doubt for you.
Let’s start.
BinBot Pro Review: What is BinBot Pro? BinBot Pro Review - Binoption High Capital Risk Is Involved In Financial Trading
BinBot Pro is a Binary Options Robot that offers automated trading to its users.
It was established in the year 2016 and has been offering an automated trading service since then.
There are multiple robots available for that trades on your behalf.
You can also customize them to match your requirements.
Each trading robot follows a different strategy and you can choose the one that you think will work the best for you.
BinBot Pro has partnered with BinaryCent which is an online broker.
You carry out transactions like deposits and withdrawals through this broker.
We will discuss more this broker later in the review.
Trading robots have been popping up left and right due to the increased demand for automated trading.
Unfortunately, not all trading robots have proven to be effective.
They enter and disappear from the market without anyone noticing.
This proves that you cannot expect to provide poor service and survive in the market.
BinBot Pro has been going strong ever since it was released in 2016.
It has gained popularity among traders quickly and has become one of the best-automated trading systems currently.
In 2016, they won the award for the best binary robot.
Why choose BinBot Pro? BinBot Pro offers certain features that you cannot overlook.
Let’s see the reasons as to why you should choose BinBot Pro as your preferred choice of the trading robot.
Offers profitable auto-trading Even new traders can make large profits Easy registration process Returns as high as 90% Demo account offered Award-winning automated trading Robots have a profit rate up to 300% Provides services to many countries around the globe Major forex pairs as binary options Popular Crypto assets A minimum deposit fee of $250 Manual customization of trading robots Fast and reliable platform Dedicated customer support BinBot Pro Live Trading Video, Results and Withdrawal BinBot Pro Sign-up and Login BinBot Pro Login Signup - Binoption The account creation process is quick and hassle-free.
The process is described below:
Step 1 Click on the ‘Registration’ button below to start your registration process.
Step 2 Step 3 Step 4 To log in into your account, just use your provided email address and password.
CLICK FOR REGISTRATION High Capital Risk Is Involved In Financial Trading
BinBot Pro Broker- BinaryCent BinaryCent BinBot Pro Broker - Binoption BinBot Pro currently only offers one broker to deal with: BinaryCent.
BinaryCent is an online trading platform which was founded in the year 2016.
It is managed by Cent Project Ltd., which is a subsidiary of Finance Group Corp.
The company is based in Vanuatu where their head office is located in Transpacific Haus, Lini Highway, Vanuatu.
BinaryCent is regulated by the Vanuatu Financial Services Commission (VFSC).
BinaryCent guaranteed withdrawals processing within 1 hour.
BinaryCent’s focus lies on small traders and hence their minimum deposit and investment are very low.
You need to deposit a minimum of $250 to start trading and the minimum trade investment is only $0.1.
This is one of the lowest we have seen and is beneficial for small and new traders.
You get leverage up to 1:100 on trading assets.
BinaryCent offers binary options along with forex and CFDs in their trading portfolio.
Recently they have added cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Zcash, Monero, BCH, Dash, PrimeCoin, Reddcoin, and many others.
BinaryCent offers customer support through live web chat or through the telephone.
BinaryCent has its proprietary trading platform for trading.
The platform is web-based which means you don’t have to download separate software for trading.
The platform is user-friendly and trade execution happens without any delay.
They also offer mobile trading on the iOS and Android.
They have the same features and functionalities as the web-platform.
There are three different types of trading accounts on BinaryCent; Bronze, silver, and gold. Silver and gold accounts offer extra benefits and bonuses to traders.
Speaking of bonuses, traders get rewarded with bonuses for the deposit they make.
Depending on the type of account they choose to create, they get rewarded with 20%-100% bonus.
All these features make BinaryCent a great choice to be BinBot Pro’s broker.
VISIT BINARYCENT BROKER High Capital Risk Is Involved In Financial Trading
BinBot Pro Top Robots - Created By Users BinBot Pro Top Performing Robots - Binoption BinBot Pro ranks robots on the basis of profits they generate for traders.
Here are some of the top performing robots for BinBot Pro:
RSIMA Cross Robot This is the top robot with a profit of over 300%.
The strategy used in this robot involves matching the RSI with the moving average cross indicator.
The robot buys or sells when it matches with the RSI overbought or oversold signal.
The signal is maintained until an opposite signal is received.
The minimum deposit for this robot is $3000 and its algorithm level is at 5 points.
xProfit Robot Ichimoku Crypto V2 Robot Rising East v1.2 Robot HP Cycles Robot Strong ADX v.2 Robot Strong US v2 Robot Bolly Band Bounce Robot RVI and MA Robot Bladerunner Robot CHOOSE YOUR TRADING ROBOT High Capital Risk Is Involved In Financial Trading
BinBot Pro Settings and Trading Platform BinBot Pro’s auto trading platform is available on the web.
You don’t need any separate software for trading which is convenient for many traders.
The whole auto-trading is revolved around following a trading robot which is available from the list of robots.
The platform displays the top 10 performing robots based on the profit level they generate.
Note that you can either copy the robot directly by letting it do all the trading for you or you can customize the robot to suit your needs.
You can also create a robot from scratch if you have the necessary trading experience.
Let’s take a look at the process of robot creation.
Robot Creation: BinBot Pro Settings Robot Creation - Binoption On the left side of the trading platform, there is a ‘create my robot’ button. Click on it to start the robot creation process. STEP 1 Choose a name for your robot. You can give it any name you desire but by adding a relevant name, you can easily remember its strategy and even others can benefit from it. STEP 2 STEP 3 STEP 4 STEP 5 BinBot Pro Indicators: BinBot Pro Settings Trading Indicators - Binoption There are 6 different types of indicators available in BinBot Pro: ADM Index: ADM stands for Average Directional Movement. It is an indicator that indicates the trend strength. It can determine when the price of an asset will trend strongly. This strength indication can be bi-directional, i.e. both upwards and downwards.
Commodity Chanel Index (CCI): Momentum Indicator: RSI Indicator: RVI Indicator: AROON: BinBot Pro Demo Trading BinBot Pro offers demo auto-trading before you invest.
You can demo run the top 10 trading robots and see which suits your needs the best.
The demo runs for a robot runs exactly for one minute.
The initial fund offered is $1000 and at the end of the one-minute demo, the final balance is displayed.
In our extensive testing, the demo tests always ended in profits and never seemed to face any loss which seemed suspecting to us.
When we traded on our real accounts, on an average, the robot won us 8/10 trades.
This is normal as no robot can guarantee a 100% win rate.
Their demo robot winning all trades may just be a marketing gimmick.
Also, the demo market conditions are obviously different than the real market conditions.
BinBot Pro Cryptocurrency Trading BinBot Pro offers exclusive crypto trading to its traders.
Although binary trading is not allowed in the U.S, you can trade forex-crypto assets from any country in the world through BinBot Pro.
You can trade popular cryptos such as BTC, ETH, Litecoin, Dash, and much more.
BinBot Pro even offers deposits and withdrawals using Bitcoins and altcoins.
This makes the transactions fast and secure.
The BinBot Pro crypto software claims to have income returns of 700% or higher.
According to statistics, on a daily basis, their robots win 32390 trades, 1765 new clients join their website, they pay profits of $86003, and a customer earns $3836 in profits on an average.
Approximately, 25000 clients have had profitable trades with BinBot Pro.
The current offer of BinBot Pro offers 100% sign up bonus to their clients for Cryptocurrency trading.
START TRADING CRYPTOCURRENCY High Capital Risk Is Involved In Financial Trading
BinBot Pro Mobile Trading Currently, there is no mobile app for BinBot Pro.
However, BinaryCent offers mobile trading.
So you can perform transactions on the mobile app.
However, for trading, you have to use the web platform.
BinBot Pro Asset Index BinBot mainly offers the major forex pairs along with few crypto-forex pairs.
Here is a list of the assets BinBot Pro offers in its portfolio:
Forex Pairs: EUR/AUD EUR/USD GBP/USD USD/CHF EUR/JPY USD/CAD AUD/USD EUR/GBP Crypto-Forex Pairs: BTC/USD LTC/USD ETH/USD BCH/USD BinBot Pro Minimum Deposit The minimum deposit on BinaryCent is $250 but for some regions, it is $500.
BinBot Pro redirects you to BinaryCent during the withdrawal and deposit process.
BinaryCent offers multiple transaction methods such as Credit card (Visa, MasterCard), wire transfer, WebMoney, Skrill, Neteller, Crypto wallets to accept cryptocurrencies.
The deposit process is quick and is process instantly.
BinBot Pro Withdrawal BinBot Pro offers multiple withdrawal methods such as Bitcoin, credit cards, Neteller, Skrill, and Perfect Money.
They charge a 5% transfer fee on credit card transactions.
BinBot Pro guarantees withdrawal processing within 1 hour.
The time it takes for you to receive this payment takes 2-7 business days.
Is BinBot Pro Scam or Legit? BinBot Pro Scam - Binoption BinBot Pro has been around 2016 and has a very good success rate of over 90%.
It has multiple trading robots and offers a regulated broker to trade with.
These reasons along with positive customer reviews make it a legit broker.
However, there has been a couple of complaints regarding this platform.
The thing with automated trading is, you are depending on algorithms and machines to do the trading for you.
This cannot ensure success every time, unlike popular beliefs.
Although not with complete certainty, we would like to say this platform is legal and you can use it for profitable trading.
BinBot Pro Cons Though it has many unique features for traders but it has also some drawbacks and they are –
Demo account lasts only one minute Demo trading results seemed suspecting to us Offers only one broker for trading Minimum deposits for top robots are high Conclusion BinBot Pro stands out from the rest of the auto trading by providing multiple robots that have a high success rate, multiple indicators offering vast technical analysis, and a convenient robot creation process both novice and experienced traders benefit from the profitable auto trading BinBot Pro offers.
However, there are a few things they could work on to improve further.
Their website feels lackluster to use.
They need to partner with more brokers to cater to more traders.
In conclusion, BinBot Pro is an excellent auto-trading robot that delivers what it claims to do
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BINBOTPRO REVIEW – NEW TRADING ROBOT
You may have noticed that there are not a lot of binary options “robot” reviews on our site. This is because the vast majority of auto-trading programs are flat-out useless.
Most of the trading “experts” who put them together are only experts at one thing: selling their services.
But BinBot PRO is different; it is the proprietary trading robot developed by the company that runs Finpari and BinaryMate. As these are two of our trusted binary options brokers, we definitely wanted to check out their trading robot and see what kind of value it offers traders.
What is BinBot Pro? BinBotPro Auto Trader
If you are not familiar with trading robots, you may be a little confused about what BinBot PRO is.
As a trading robot, or “bot”, BinBot PRO is a software program which trades on your behalf.
BinBot PRO is programmed with algorithms which help it to spot trade opportunities.
All you have to do is select the settings you want, and BinBot PRO will automatically trade for you while you kick back and relax. BinBot PRO works even when you are away from your computer.
In short, BinBot PRO takes the hard work out of trading.
What Does BinBot Pro Cost? BinBotPro Auto Trader
The answer here could not be simpler: nothing. 100% free.
That’s right, according to the BinBot Pro homepage, there is “No fee, nothing to buy, no hoops to jump through!”
You will not pay a dime to access this service.
What’s the Catch?
Choose from Binarymate (US friendly) or Finpari
Banc De Binary 1 Touch
Nothing is really free, right? Well, you are right —there is a catch. But it is a typical one, not a bad one.
In order to use BinBot Pro, you need to be a registered trader at either BinaryMate or Finpari. That means you need to make the minimum deposit at either broker and start trading.
This is quite common with free binary trading robots. Many of them either are proprietary or partner with certain brokers, offering their services only to the customers of those brokers.
What is great about BinBot Pro is that they are totally up-front about that on the homepage. A lot of other trading robots conceal this information until you are halfway through the registration process.
BinBot Pro is not going to waste your time; if you do not want to trade at Finpari or BinaryMate, there is no reason to register. But if you do want to trade with one of those brokers, you get free signals to help you trade.
How to Get Started On BinBot Pro If you do want to move forward with BinBot Pro, you need to click on the green “Registration” button in the upper right-hand corner of the BinBot Pro homepage. You will also find a duplicate green “Registration” button right under the heading.
This will take you to a short form where you input your first and last name, phone number, account currency, email address, and password. Here you can also choose your broker. Here is a little more information on each:
Finpari
Minimum deposit: $250
Minimum investment amount: $10 (it says $1 on the BinBot Pro website, but I think this is a typo; on Finpari’s website it says $10)
Maximum returns: 90%+
USA traders not accepted
BinaryMate
Minimum deposit: $250
Minimum investment amount: $1
Maximum returns: 90%+
USA traders accepted
Live webcam trading with beautiful account managers
Both of these brokers offer extra features like a demo account, web courses, risk-free trades, high bonuses, and trading contests. Learn more about them in our reviews.
What if you are already a member of Finpari or BinaryMate? If that is the case, I would contact customer service and ask them about getting started with BinBot Pro. They can probably get you set up manually.
How BinBot Pro Works Once you have registered with Finpari or BinaryMate, you need to make your initial deposit. You are then ready to start trading with BinBot Pro.
Using BinBot Pro could not be easier. There are three simple steps:
1. Once you are logged into BinBot Pro, you will see a section in the lower left-hand corner of your screen for “Top 20 Robots.” Here you can select a robot to use. Profit estimates are provided for each. The robots have names like Bolly Band Bounce, RSIMA Cross, HP cycles and Rising East v1.2, which seem to give some indication as to how they generate signals and what assets they are for.
2. Once you have selected a robot, a screen will open which allows you to start the robot. You can hit “Stop” at any time. Next to that is an “Add Balance” button if you wish to deposit more money directly through the robot interface.
3. Watch your profits stack up! (or losses go down) You can see your current balance in the upper left.
BinBot Pro Features Multiple robots are available to use. Many auto-trading programs only offer one robot.
You can run any of the robots in demo mode before you try using it live.
You can create custom robots as well which will trade on your behalf according to your rules. There are only a few assets and indicators you can use for this, so it is a pretty restricted feature right now, but many trading robots do not even offer anything like this.
That is it as far as features go. BinBot Pro is pretty bare-bones; you will not find a lot of bells and whistles here. But the platform is intuitive and the available features are easy to use.
Does BinBot Pro Deliver? Is BinBotPro Legit? This is where it is impossible to say anything definitive. Unfortunately BinBot Pro does not publish past results. This is actually quite a significant drawback, since you are basically just taking a shot in the dark with these robots.
Because Finpari/BinaryMate has a reputation to defend, we are assuming that BinBot Pro delivers, but you may want to fund your account with the minimum when you are testing these robots.
Robots can and will lose money if the setting you apply end up not being ideal. I know that in this industry we would be naive to believe that any automatic trading ‘robot’ is going to crank out profits for us just by clicking a few buttons once and then going to the beach.
If you work with Bin Bot Pro, I am confident that you can fine tune it to be a winning trader. It isn’t simple or easy to constantly pick winners though, even for our robot overlords.
BinBot Pro Customer Service
This is another area where BinBot Pro is less than impressive. On a weekday during standard market hours, the live chat desk was unstaffed. I waited ten minutes, and then the chat window converted into a “send us a message” form window. This makes me wonder if or when the chat desk is ever staffed.
BinBot Pro Pros
BinBot Pro is entirely free to use. While you have to open an account at one of BinBot Pro’s brokers, they are transparent about this on the homepage, and the two brokers are both on our recommended list. There are a number of robots you can use, and you can demo them all first. You can create your own custom robots. BinBot Pro is ridiculously easy to use. Registering is fast and easy, and the interface is simple and streamlined.
BinBot Pro Cons
There is no information about the past performance of the robots. Customer service seems to be a bit absent.
Conclusion: BinBot Pro is a Useful Free Tool for Finpari and BinaryMate Traders
While I am not impressed by the lack of past performance data or the missing customer service, BinBot Pro does have a lot of cool features. Considering it is an entirely free tool for customers who sign up for two top-shelf brokers, I would definitely recommend giving it a try if you will be trading on Finpari or BinaryMate. Because there is no performance data right now, I do suggest that you trade with the minimum to start. That way you can see for yourself how the robots perform before you risk large amounts of money.
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What Is The Future Of Binary Options Trading Bot
Binary options trading bot are quite familiar among traders around the world. However, almost all the newcomers, as well as seasoned traders, wonder about the future of binary options trading bot. Unfortunately, we don't have a simple answer regarding this question.
So, today we are going to discuss this issue and come to an ultimate decision.
Future Of Binary Options Robot
Binary option robots are always been the best choice for traders as a safe trading tool. But the legitimacy of binary trading robot mostly arise due to the prevailing scam robots in the market. If a user can't run a bot properly, he will indeed end up losing money. And it will be ridiculous if he blames the bot for his monetary loss.
Yes, it is a hard-to-believe fact that happens most of the time.
Yet the final picture is not. There are several trustworthy binary options trading bots, too. Lots of traders use these bots and are able to make money. These trusted and successful binary options robots provide tremendous trading experience for traders by reducing their work strain.
It is almost impossible for us to open a book here with all features and benefits. So, we recommend our readers who are currently reading this article, please visit best binary options trading robot to find a comparison chart over there.
According to the expert reviews, the future of trading bot still manageable if we know how to trade with a trading software properly without running behind the money. Each trading software designed with different algorithm, however the goal remains the same.
Mostly, people like to hold some tools for a long time which never stops to give profits. BinBot Pro is one of them. We found this robot extremely profitable without changing a bit. From the review, you can also get to know other important information that one should know before start trading.
So, if one wants to make money using binary options bot, he should start searching the legit platform rather than blaming the bad apples.
Trading algorithms is attracting traders day by day with its various facilities. And those problems can be solved by careful selection and proper automation. You can also pick these suggested best robots for binary choices to stop those scams. If you can make use of the facilities offered by any trusted trading robots, you can easily achieve your business objective.
#automatedtrading#binaryoptionsrobot#binbotpro#bestbinaryoptionsbot#binaryoptions#onlinetrading#makemoneyonline
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US Energy Department Funds Trial of Factom Blockchain to Secure Power Grid
Factom, one of the earliest companies to pitch blockchains to enterprises, is participating in a U.S. government-funded trial of the technology to protect the national power grid.
Announced Thursday, TFA Labs, an internet-of-things (IoT) security startup, is experimenting with Factom’s protocol to validate that devices on the grid aren’t infected with malware.
Backed by a nearly $200,000 grant from the U.S. Department of Energy (DOE), the project aims to improve the security of millions of such devices.
In some cases, TFA Labs is looking at storing raw data, such as the health and status of devices, on the Factom blockchain. In other cases, the company wants to assign a digital identity to the firmware, or permanent software installed on devices. If the files are manipulated, they’ll produce a cryptographic hash that does not match the digital identity, indicating something is amiss.
“We can store raw data or data hashes of the data,” Dennis Bunfield, CEO of TFA Labs, told CoinDesk. “It’s ideal for IoT device use.”
The first phase will last until March when TFA aims to have a prototype for the use case. If the experiment gets to phase two, TFA Labs will collaborate with device manufacturers and could get close to $1 million in funding from the DOE.
Factotum
Factom is separately working with the Department of Homeland Security (DHS) to record camera and sensor data on the blockchain and with the Bill and Melinda Gates Foundation to see if the tech can digitize records of individuals who live in remote parts of the world.
Enterprise users can develop on the startup’s protocol using familiar coding languages, said Greg Forst, marketing chair for Factom Protocol.
“We’re data-centric and enterprise-grade whether that’s a government or startup or anybody in between,” Forst said.
Founded in 2014, the Austin, Texas-based company conducted one of the earliest token offerings, raising $1.1 million in 2015 by selling “factoids.”
However, “you don’t need the factoid token to use the protocol,” Bunfield said. “So you never need to touch crypto to use the protocol, making this ideal for use by governments and corporate enterprises.”
Subsequent seed and Series A rounds brought in over $8 million to Factom. An early project recording land titles in Honduras stalled. Factom later introduced a product for the mortgage industry. In July of this year, a nonprofit called the Triall Foundation announced that it was running a clinical trial over Factom.
Power grid image via Shutterstock
This news post is collected from CoinDesk
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The post US Energy Department Funds Trial of Factom Blockchain to Secure Power Grid appeared first on Click 2 Watch.
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BinBot Pro – Best Trading Software!
BinBot Pro – Best Trading Software!
BinBot Pro – Best Trading Software! OFFICIAL WEBSITE: www.binbotpro.com
If you are looking for an all around solid trading application, the BinBot Pro app is definitely one of the very best in the world. There is no doubt about the fact that day trading can be extremely difficult.
However, if you have the right trading signals, combined with the right platform, making money doesn’t have to be so…
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Binary Robo X Review - Tested Results - Another SCAM?
Binary Robo X Review – Tested Results – Another SCAM?
Binary Robo X is a new trading software claiming to make trading easy for beginners? Is this true? Can we trust this app to make money for us? Honestly I have my doubts. The following review will help you understand in full detail whether or not this automated trader system is legit or Scam.
Several traders have asked us to investigate BinaryRoboX.com to see if its legit. But to honest with you,…
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Binbot Pro Review Scam
BinBot Pro ReviewScam. BinBot Pro is an automatic trading robotic for binary options that opened in November 2016 and we can't that is a scam for sure. When we tested the BinBotPro computer software we saw that it operates with the two binary options brokers called Finpari and BinaryMate.Keep reading this impartial Binbot Pro review. The BinBot Pro is produced to be an easy to use trading robot for binary options buyers. The creators of the Binbot Pro program truly simplified anything so that your only selection to make is which fundamental assets the bot should trade and which one of the 6 robots to use.Go and check the complete Binbot Pro review .
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Cybersecurity Firm WISeKey Subsidiary Nets $7 Mln in Pre-STO Investment Ahead of Q2 Sale
A subsidiary of Swiss cybersecurity and blockchain firm WISeKey has raised $7 million in an pre-funding round prior to launching a security token offering (STO), the company confirmed in a press release on April 11.
WISeCoin, which came into being in August last year, plans to conduct the STO in Q2.
Responsible for managing all of WISeKey’s blockchain initiatives and operations, the vertically-integrated platform intends to raise a total of 17,587,527 Swiss francs ($17,563,695) to expand its activities.
These include the use of various disruptive technologies, specifically focusing on the Internet of Things (IoT) given WISeKey’s major presence as a semiconductor chip manufacturer.
“One of WISeCoin’s key (milestones) is to build a Blockchain of Identity to store the identities of objects and people allowing connected objects the ability to identify, authenticate and verify each other with a digital certificate,” the press release states. It continues:
“For each interaction, the Blockchain of Identity will verify the validity of each digital certificate to secure the interaction and to compensate for the use of the platform, a micro service fee is charged through a utility token, called the WISeCoin token.”
WISeKey itself launched a new digital identity solution at the end of last month.
STOs, initially conceived as a less risky investment option than the increasingly precarious initial coin offering (ICO) market, have come under the attention of regulators, with Hong Kong and Mauritius the latest to issue guidelines.
In March, a report by PwC nonetheless assessed STOs as having few fundamental differences from ICOs.
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NSA Reportedly Developing Quantum-Resistant ‘Crypto’
Until now the National Security Agency (NSA) has restricted its activities in the crypto space (as far as we know) to tracking bitcoin users, but now the agency may be working to develop its own.
According to a tweet from Bloomberg cybersecurity reporter William Turton, the director of the NSA’s Cybersecurity Directorate, Anne Neuberger, said at the 10th Annual Billington CyberSecurity Summit in Washington D.C. that her agency is developing a quantum-resistant “crypto.”
Anne Neuberger, Director of NSA’s new Cybersecurity Directorate says that the agency will propose hardware and software standards again. Also notes agency is working to build quantum resistant crypto. pic.twitter.com/IIvjz1aTjO
— William Turton (@WilliamTurton) September 4, 2019
While the reason for the NSA carrying out such work isn’t clear, quantum computing has the potential to be able to make current blockchain technology redundant.
In a previous report, CoinDesk looked at how, although still in its infancy, quantum computing could one day be able to crack much of the cryptography that underlies how data – including cryptocurrency private keys – passes through the internet.
It should be noted that Neuberger’s comment may indicate that the NSA is working on a cryptography technology, not a cryptocurrency, with the twin meanings of the term “crypto.”
The NSA’s new Cybersecurity Directorate was announced in July and is “charged with preventing and eradicating threats to National Security Systems and the Defense Industrial Base,” according to the agency. It’s expected to start its activities on Oct. 1.
Neuberger led the NSA’s Russia Small Group before moving to take up the reigns at the new cybersecurity division.
According to classified documents obtained by The Intercept in 2018 from U.S. whistleblower Edward Snowden, the NSA has made bitcoin surveillance a top priority. One NSA memo suggested the agency had been collecting private information such as bitcoin user passwords, internet activity and device identifiers.
NSA image via Shutterstock
This news post is collected from CoinDesk
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