Latest PIVX Medium
PIVX’s Next Big Leap: Poloniex Listing!
Remember “Wen Polo”? This was the rallying cry of the PIVX community yearning for a listing on Poloniex exchange in 2017. Thanks to the tireless efforts of the PIVX team, that dream is finally becoming a reality.
A proposal to list PIVX on Poloniex has already been approved, paving the way for greater accessibility. Although a listing date has not been announced, Poloniex boasts a massive user base and robust trading volume, promising unprecedented liquidity for PIVX. This means buying, selling, and trading PIVX will be easier.
More Than Just a Listing: A Commitment to Growth
PIVX isn’t stopping there. Jeffrey, the lead of business development for PIVX, highlights their aggressive listing strategy. He commented:
“PIVX has taken a strong step forward and has been aggressively listing on major exchanges; most recently MEXC, Gate, and Bitmart. On top of the usual listings PIVX has achieved not only one perpetual listing but two on both MEXC and WEEX, marking the first time for PIVX to ever have perpetual markets. On the horizon, we have an upcoming Poloniex listing as well as a perpetual listing on XT.com.”
Beyond Accessibility: Privacy and Innovation at the Core
PIVX’s unwavering focus on privacy, security, and innovation has cemented its position as a leader in the crypto space. The Poloniex listing is just one step in their mission to simplify access to cryptocurrency for everyone. This empowers users to participate in the digital economy with greater control over their financial data.
As PIVX prepares for its Poloniex debut, now is the perfect time to join the movement and experience the future of finance. Stay tuned for official announcements and prepare to witness the launch of a new era of privacy and innovation.
PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.
PIVX’s Next Big Leap: Poloniex Listing! was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.
Government Surveillance Drives Encrypted Messaging App Dev Out of Australia
Picture this: a sudden knock on your door. Not just any knock, but one from law enforcement. No warning, no warrant. This was the shocking experience of a Session employee in late 2023. The Australian Federal Police (AFP) arrived unannounced at the home of an employee of the encrypted messaging app, a stark reminder of the potential erosion of privacy rights.
The police interrogation went beyond general questions about the app and company. They delved into the employee’s personal involvement with Session, specifically focusing on a particular user. Although the nature of the investigation remains shrouded in secrecy, the AFP acknowledged the use of Session by individuals involved in serious crimes.
Prior to this unexpected home visit, Session employees had already faced multiple contacts from the AFP and Victoria Police, including unsolicited messages, letters, and phone calls.
Session is an open-source decentralized messaging app. Developed in Australia in 2018, the platform prioritizes user privacy and operates under the motto “Send messages, not metadata.” Users are allowed to send anonymous messages using 66-character account IDs instead of traditional verification methods like email or phone numbers.
To enhance security, Session leverages a decentralized onion-routing network similar to Tor, ensuring that no single server can track the origin or destination of messages.
Following the incident, the messaging app announced its decision to leave Australia for Switzerland last month. The move was likely fueled by Australia’s July 2024 amendments to the Basic Online Safety Expectations. Under the new rules, online service providers are required to collect “a phone number, email address, or other identifier” when users create an account.
Is Privacy a Mirage?
While we may believe we are safeguarding our personal information, the truth is far more complex. Governments worldwide possess sophisticated tools to monitor online activity. From mass surveillance programs to targeted investigations, our digital footprints are constantly tracked and analyzed. Furthermore, tech giants amass vast amounts of personal data, often without explicit consent. This data is used to tailor advertisements, improve algorithms, and even influence our behavior. Cybercriminals can exploit system vulnerabilities to steal sensitive information, such as passwords, financial details, and medical records.
In my opinion, the notion of complete privacy in the digital age is a myth. While we can take steps to protect our information, such as using strong passwords, avoiding public Wi-Fi, and being mindful of what we share online, it’s clear that our digital lives are constantly under scrutiny.
PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.
Government Surveillance Drives Encrypted Messaging App Dev Out of Australia was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.
PIVCards Upgrade: A New Spin on Spending with Cashback Chances
PIVCards, the innovative platform from PIVXLabs, where you could already choose from thousands of gift cards to buy with PIVX, has just rolled out a really cool update. Now, users can not only purchase their gift cards using both transparent and SHIELDed PIV but also participate in a novel SHIELed Cashback lottery with every purchase.
The Thrill of the Draw
Here’s how it works:
~Purchase Your Gift Card: Dive into the vast selection of gift cards on PIVCards. Whether for tech gadgets, fashion, or dining, there’s something for everyone.
~Transaction Flexibility: Choose to pay with either transparent or shielded PIVX, aligning with your preference for privacy in transactions.
~Chance to Win: Upon each purchase, you’re automatically entered into a draw where you might earn back 1–2% of your purchase as SHIELDed cashback in PIVX. It’s like a reward for shopping, but with the excitement of a lottery.
Understanding the Cashback Lottery
It’s important to clarify that not every purchase guarantees cashback. Instead, PIVCards has introduced a system where:
Every Purchase is an Opportunity: Each transaction gives you a ticket into the cashback draw. The more you buy, the more chances you have to win.
Winners Emerge: Randomly selected transactions receive the cashback, adding an element of surprise and delight to the usual shopping experience.
Privacy Preserved: Winners receive their cashback directly into their shielded PIVX wallet, ensuring their financial gains remain confidential.
Why This Upgrade is Exciting
This upgrade by PIVCards is not just about transactions; it’s about transforming the act of spending into a game with potential rewards:
Engagement: It adds a layer of engagement to shopping, where every purchase could lead to a pleasant surprise.
Incentive to Use PIVX: Encourages more people to engage with cryptocurrency for everyday purchases, potentially increasing its adoption.
Join the Fun
Ready to blend the excitement of a lottery with your shopping?
Navigate to http://cards.pivxla.bz and start exploring. Remember, each card you buy is not just a gift; it’s potentially a gift to yourself in the form of SHIELDed cashback.
Dive in, shop, and may luck be on your side with PIVCards’ new feature!
PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.
PIVCards Upgrade: A New Spin on Spending with Cashback Chances was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.
PIVX Takes Flight on WEEX: Perpetual Contracts Now Live!
PIVX Takes Flight on WEEX: Perpetual Contracts Now Live!
PIVX has announced the listing of its perpetual contract on WEEX. Buckle up PIVXians, you can now 20x your positions on the PIVX-USDT pairs on a leading cryptocurrency exchange.
The listing, which happened on November 12, is already gaining significant traction on WEEX. The trading pair has seen a volume of nearly $500,000 in less than twelve hours after going live.
Unlike traditional futures contracts with a set expiry date, perpetual contracts are a type of derivative that allows you to speculate on the future price of an asset (in this case, PIVX) without a fixed settlement date. This means you can hold the position for as long as you want, making adjustments as market conditions change.
The Power of Leverage
Now, the exciting part is leverage. Perpetual contracts let you trade with borrowed capital, amplifying your potential gains (and losses). For example, with 5x leverage, a 10% move in the price of PIVX translates to a 50% gain (or loss) on your initial investment.
Caution: High Risk, High Reward
While leverage can magnify profits, it comes with a significant downside: magnified losses. If the market moves against you, your losses will be amplified by the leverage factor.
Trading PIVX with Leverage on WEEX
Ready to explore PIVX perpetual contracts on WEEX? Head over to https://www.weex.com/futures/PIVX-USDT to start trading. But remember, leverage trading carries high risk. Always proceed cautiously, understand the risks involved, and only trade with what you can afford to lose.
PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.
PIVX Takes Flight on WEEX: Perpetual Contracts Now Live! was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.
What you need to know about the CFPB’s Personal Financial Data Rights Rule
What you need to know about the CFPB’s Personal Financial Data Rights Rule
On October 22, 2024, the U.S. Consumer Financial Protection Bureau (CFPB) released the much-anticipated Personal Financial Data Rights Rule. According to the Bureau, the sweeping regulation is supposed to “give consumers greater rights, privacy, and security over their personal financial data.”
The key takeaway is that customers can request certain data from their financial service providers for free. Notably, banks with assets exceeding $850 million must provide specific financial data to consumers and authorized third parties through digital channels, free of charge. This requirement extends to certain non-bank entities, including credit card issuers.
The data includes historical transaction information, account balances, upcoming bill payment details, basic account verification information, account terms and conditions, as well as information necessary to initiate payments under Regulation E. Commenting on the rule, CFPB Director Rohit Chopra said:
“Too many Americans are stuck in financial products with lousy rates and service… Today’s action will give people more power to get better rates and service on bank accounts, credit cards, and more.”
Compliance has been phased, with the first deadline on April 1, 2026.
Banks Revolt
Interestingly, banking industry groups have filed lawsuits against the CFPB to challenge its authority to enforce the new regulations. Greg Baer, President & CEO of the Bank Policy Institute (BPI) argues that the rule “treats sensitive financial data with as little care as a consumer’s web browsing history.” He added:
“If left unchallenged, technology companies subject to little to no oversight will have access to very sensitive information, like how much is in your account and where you spend your money. Banks have a responsibility to protect customers and their data, and this rule compromises these responsibilities, putting bank customers at risk.”
According to the lawsuit the CFPB rule does not oversee third parties using customer data. It also promotes screen scraping, allows third parties to profit at no cost, and increases the likelihood of fraud and scams.
Critics have raised concerns about whether the CFPB’s goals of open banking will be achieved, even if the rule is upheld. Karen Petrou, managing partner at Federal Financial Analytics, slammed the rule in her blog post. She likened it to being fine with a few more dangerous drugs since that’s what it takes to loosen Big Pharma’s stranglehold.”
A Double-edge Sword
In my opinion, the new rule appears to be broken on both sides. While the idea of open banking serves customers’ interests, the lack of oversight opens the door to malicious actors. Chopra was right in his assertions that behemoth players dominate the space and make it hard for customers to switch. On the flip side, giving unfiltered access to third-party players is potentially harmful.
The mandate for open banking APIs introduces complex technical challenges that many institutions are ill-equipped to handle. The security implications of mandatory API endpoints deserve particular scrutiny. Recent experiences from the UK’s open banking system provide a sobering preview of potential vulnerabilities. Metro Bank UK reported a sophisticated attack where criminals exploited their open banking API using legitimate credentials to conduct automated vulnerability scanning. The attack went undetected for several hours because the traffic appeared legitimate under their standard monitoring systems.
Although legacy financial institutions have existed for ages, trying to resolve their inherent flaws is like applying a band-aid to a bullet wound. Decentralized payment options like PIVX are proving to be better alternatives when it comes to user privacy and protection.
PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.
What you need to know about the CFPB’s Personal Financial Data Rights Rule was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.
The Privacy Roundtable is back this month with a special guest from @zcash!
The Privacy Roundtable is back this month with a special guest from @zcash!
Join our panel featuring Firo: Private cryptocurrency infrastructure, BasicSwapDEX, The Particl Project and PIVX, for insightful conversations on the leading edge of privacy in crypto. Mark your calendars!
Topic: Zcash and why privacy coins haven’t taken off and should they?
Link: https://x.com/i/spaces/1BdxYEMwNEgxX
Join us for our long-awaited show.
PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.
The Privacy Roundtable is back this month with a special guest from @zcash! was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.
7 Times Your Financial Privacy Was Compromised
7 Times Your Financial Privacy Was Compromised
When placed side by side, most persons will choose fiat currencies over cryptocurrencies. I mean, traditional financial institutions have been around for thousands of years and are expected to provide an expert level of security when it comes to customer data and finances. On the flip side, you may be familiar with the old saying that describes the crypto space as a “Wild West.”
But from banks and payment processors to lenders and credit bureaus, financial services providers have been at the epicentre of some of history’s largest data breaches. The 2017 Equifax breach, exposing sensitive information of over 100 million people, is a stark reminder of this vulnerability. Here are the top 7 times your financial privacy was compromised by traditional institutions.
1. First American Financial Corp
In 2019, First American Financial Corporation suffered a serious security lapse that exposed over 885 million customer records. The breach left sensitive information such as names, email addresses, bank account details, and property records vulnerable to potential misuse.
The leak was caused by a website design error known as a “Business Logic Flaw.” The alarming aspect was that the exposed database was accessible to anyone with an internet connection, highlighting a severe oversight in cybersecurity measures. In the hands of malicious actors, these details could be used for identity theft, ransomware attacks, and malware injections.
2. Equifax
Touted as one of the largest data breaches in history, credit reporting agency Equifax suffered a massive data breach in 2017. Sensitive personal information of approximately 147 million individuals was compromised, with some reports stating that more than 40% of America’s population was potentially impacted by the data breach.
The breach occurred due to a failure to patch a known vulnerability in the Apache Struts framework. Surprisingly, the patch for this vulnerability had been available for six months. Hackers exploited it to gain unauthorized access to Equifax’s systems and steal a vast amount of data, including Social Security numbers, birth dates, addresses, and, in some cases, driver’s license numbers.
The impact of the Equifax data breach was far-reaching. Millions of individuals were at risk of identity theft, fraud, and other financial crimes. The breach also damaged Equifax’s reputation and led to significant legal and financial consequences for the company.
3. Heartland Payment
In January 2008, a sophisticated cyberattack targeted Heartland Payment Systems. Russian hackers exploited a vulnerability in the company’s website, infiltrating its systems through an SQL injection attack. This stealthy intrusion allowed them to remain undetected for nearly six months.
Once inside the network, the attackers deployed malicious software to intercept credit card data as it was being processed. This highly targeted attack resulted in the compromise of over 130 million credit and debit card numbers, along with associated expiration dates and cardholder names.
The mastermind behind this cybercrime, Albert Gonzalez, was eventually apprehended and sentenced to 20 years in prison.
4. Capital One
A former Amazon Web Services software engineer, Paige A. Thompson illegally accessed a server hosting Capital One’s sensitive data. This audacious attack, carried out in 2019, resulted in the theft of over 100 million credit card applications dating back to 2005.
Thompson’s lack of discretion in carrying out the attack expedited her identification by the FBI. She brazenly posted the stolen data on GitHub and openly boasted about the breach on social media, providing authorities with a clear digital trail.
The impact of the Capital One data breach was far-reaching, affecting approximately 100 million individuals in the United States and over 6 million in Canada. The stolen data included highly sensitive information such as Social Security numbers, Canadian Social Insurance numbers, and bank account numbers.
5. JPMorgan Chase
Even financial behemoths like JPMorgan Chase have not been immune to cyberattacks. In October 2019, the financial institution became a victim. The culprits, believed to be based in Brazil, managed to breach the bank’s security perimeter, gaining the highest level of administrative privileges and compromising over 90 servers.
Despite having access to sensitive financial information, the attackers’ primary objective seemed to be the theft of customer contact details, including names, email addresses, and phone numbers. This unusual focus suggests a more strategic intent, possibly to use the stolen data for future targeted attacks.
While the financial impact of the breach was limited, the compromise of customer information raised concerns about privacy and security.
6. Experian
In 2018, a threat actor, posing as a legitimate client, successfully convinced an employee of Experian South Africa to divulge sensitive internal data.
While Experian initially downplayed the severity of the breach, claiming that the compromised information was relatively common, the South African Banking Risk Information Center (SABRIC) revealed a more alarming scope. Approximately 24 million individuals and 800,000 businesses were affected.
Leaked data included mobile, home, and work phone numbers, email addresses, residential addresses, work addresses, and job start dates. Imagine that!
The threat actor’s intention was to leverage the stolen data for malicious purposes, primarily to generate leads for insurance and credit-related services.
7. Block
In 2021, a Square (now Block) employee downloaded confidential customer reports without authorization. This data breach affected approximately 8.2 million current and former customers.
The compromised information included full names, brokerage account numbers, portfolio values, and portfolio holdings. While sensitive data like passwords, Social Security numbers, and payment card information were not affected, the exposure of personal financial details still poses significant privacy risks.
Conclusion: The Future of Financial Privacy
The increasing frequency and severity of data breaches underscore the urgent need for robust solutions to protect our financial privacy. Traditional financial institutions, despite their efforts, have repeatedly fallen short in safeguarding sensitive information.
These seven examples are merely a tip of the iceberg as the numbers are much worse. Data suggests that for every 100 people, 91 unique email addresses are breached. According to Statista, 6.41 million data records were leaked worldwide in the first half of 2023. Surprisingly, it takes an average of 194 days to identify a data breach globally, shocking right?
However, the rise of privacy-centric cryptocurrencies like PIVX offers a promising alternative. By leveraging advanced cryptographic techniques and decentralized networks, these projects empower individuals to regain control over their financial data. With features like zero-knowledge proofs, PIVX ensures that transactions remain private, protecting users from surveillance and censorship. In reality, there is no data to ‘hack,’ even if it were possible to ‘crack.’
PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.
7 Times Your Financial Privacy Was Compromised was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.
PIVX Expands Reach: Listed on Indonesian Exchange TRIV
Leading privacy-centric cryptocurrency, PIVX, has announced its latest listing on the Indonesian exchange TRIV. The strategic move marks a significant step for PIVX, as it expands its global reach and accessibility to a new market.
Key Takeaways:
- First Indonesian Exchange Listing: TRIV is the first Indonesian exchange to list PIVX.
- IDR Trading Pair: This listing introduces the Indonesian Rupiah (IDR) as a trading pair for PIVX, making it more accessible to Indonesian investors.
- Enhanced Global Presence: This listing further solidifies PIVX’s position as a globally recognized cryptocurrency.
The Indonesian Crypto Landscape
Indonesia has been a pioneer in regulating the trading of crypto assets since 2018. Initially, crypto assets were classified under the jurisdiction of the Commodity Futures Trading Supervisory Agency (BAPPEBTI), governed by Law Number 32 of 1997 on Commodity Futures Trade. This early legislation laid the groundwork for the country’s progressive stance on crypto regulation.
A pivotal moment arrived with the issuance of Minister of Trade’s Regulation Number 99 of 2018. This regulation explicitly categorized crypto assets as commodities, aligning them with traditional commodities and bringing them under the purview of formal oversight.
In terms of usage, Indonesia had approximately 19.75 million cryptocurrency investors as of March 2024. In the same month, cryptocurrency transactions in the region reached a staggering Rp103.58 trillion, a 207.5% increase compared to the previous month.
By listing on TRIV, PIVX aims to attract a wider user base in Indonesia and facilitate easier access to the cryptocurrency for local investors. This development is expected to contribute to the growth and adoption of PIVX within the Indonesian market.
PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.
PIVX Expands Reach: Listed on Indonesian Exchange TRIV was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.
Be Your Own Wire ~ Send PIVX Anywhere!
PIVX is emblematic of a new era in monetary liberation, where individuals can execute worldwide transactions with privacy and simplicity at their fingertips.
Here’s how PIVX facilitates this:
Borderless Transactions: With PIVX, geographical boundaries are irrelevant. You can send PIVX anywhere in the world directly from your wallets, bypassing the traditional banking system’s limitations and fees.
Privacy and Security With Choice: PIVX empowers users by offering the option to cloak transactions using Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs). This means you can decide whether to shield your transaction details for complete privacy or opt for transparency, tailoring your security settings to fit your needs or the context of your transaction. This choice ensures that while PIVX maintains a high standard of security, users have the control to decide on privacy, making global transactions both secure and flexible.
Instant Transactions: PIVX’s blockchain architecture allows for near-instant transactions, thanks to its 60-second block time. This speed is essential for international transfers, where waiting times can be a significant drawback.
Low Costs: Traditional cross-border payments can be exorbitantly priced due to intermediary fees. PIVX transactions, being peer-to-peer, significantly reduce these costs, making it economically viable to send value across borders.
Decentralized Nature: Without relying on any central authority or intermediary, PIVX ensures that your money moves as you intend, without the risk of censorship or control from any government or financial institution.
Community and Development: The active PIVX community and ongoing development ensure that the platform evolves, staying ahead in terms of technology and user needs, which is vital for maintaining a globally effective cryptocurrency.
PIVX Core Wallet: pivx.org/wallets
PIVX Lite Wallet: mypivxwallet.org
PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.
Be Your Own Wire ~ Send PIVX Anywhere! was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.
Exciting News from PIVXLabs — MyPIVXWallet V2.0
Exciting News from PIVXLabs — MyPIVXWallet V2.0
Enhancements Galore, MyPIVXWallet V2.0 Unveils Exciting Updates!
PIVXLabs has been getting a lot of attention recently, especially because of their latest updates, notably the launch of MyPIVXWallet V2.0. This new version heralds a fresh era for PIVX enthusiasts, boasting a complete redesign, significant stability improvements, and numerous user experience enhancements. With v2.0, PIVX is setting a higher standard for user-friendly cryptocurrency wallets.
Some of the Updates:
Hindi Translation:
To cater to a more diverse user base, the wallet now offers a Hindi translation, making it more accessible to a wider audience and fostering inclusivity within the PIVX community.
UI Redesign:
A sleek and modern user interface redesign has been implemented, enhancing the overall aesthetic appeal and usability of the wallet. Navigating through MyPIVXWallet is now more intuitive and visually engaging.
PIVX SHIELD Improvements:
Significant enhancements have been made to the $PIVX SHIELD, bolstering security measures and ensuring that users’ assets are protected with the latest security protocols.
Better Password Privacy:
Users can now enjoy improved password privacy features, adding an extra layer of security to their accounts and further safeguarding their funds.
Removed Identicon:
The removal of Identicon adds a fresh look to user profiles, offering a cleaner and more streamlined visual experience within the wallet.
PIVX Oracle Implementation:
In a groundbreaking move, the #PIVX Oracle has been integrated, replacing #CoinGecko stats. This implementation brings real-time data and insights directly to users, empowering them with up-to-date information to make informed decisions.
With these latest updates, MyPIVXWallet V2.0 not only enhances functionality but also prioritizes user security, accessibility, and innovation. The inclusion of Hindi translation, improved UI, advanced security features, and real-time data through the #PIVX Oracle underscores PIVXLabs’ commitment to delivering a cutting-edge and user-centric cryptocurrency wallet experience.
Stay tuned for more developments as PIVXLabs continues to push boundaries and redefine the standards of cryptocurrency wallets with MyPIVXWallet V2.0! 🚀
PIVX. Your Rights. Your Privacy. Your Choice.
To stay on top of PIVX news please visit PIVX.org and Discord.PIVX.org.
Exciting News from PIVXLabs — MyPIVXWallet V2.0 was originally published in PIVX on Medium, where people are continuing the conversation by highlighting and responding to this story.