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CoTrader Blockchain Platform: Benefits and Needs

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CoTrader is a blockchain platform which aims to solve the complexity of the investment management problems and has a roadmap planned to become the largest investment fund marketplace in the world. With CoTrader, the investors can now have their investments managed with absolute transparency, proof of returns on the past investments, and control of assets.

CoTrader’s MVP already supports cryptocurrency and is now also live on mainnet at mainnet.cotrader.com and the Ethereum testnet.cotrader.com.

Along with all this, the numerous benefits the investors will achieve with their investment in the CoTrader platform include:

  • CoTrader supports all types of tradable assets along with cryptos in major centralized exchanges with safe, decentralized points of access which is a smart escrow exchange point. It would only release funds for a broker on the significant centralized exchanges after the broker has sent the cryptos to the buyer. These smart escrows are helpful in supporting all non-tokenized tradable assets such as options, stocks, and many other derivatives. In this way, CoTrader tokenizes the entire exchange.
  • CoTrader is the first trustless ICO futures marketplace in the world which is smart contacts driven. Fund managers can enter ICO to take advantage of early discounts.
  • The core of the CoTrader platform is made up of smart contracts. Each investor who invests in the funds gets rewarded with a specific amount of shares which represent his total ownership of the same. The fund manager can now trade assets and make a profit for himself and the investors as well.
  • Anyone is allowed to create a smart fund on the platform of CoTrader and deposit tokens for his fund. The creator can even choose a name for his fund and set his performance fee.
  • CoTrader platform provides an infrastructure for SuperDEX which pools many DEXs together for maximizing liquidity along with power. All of this will be done on the dashboard of the fund manager on the platform of CoTrader and provide charts and tooling charts to make the best decisions for the fund.
  • When the fund managers acquire more and more assets, the CoTrader platform allows the investors and the fund managers to tokenize these assets in their portfolios.
  • The CoTrader platform for smart funds offers similar advantages to decentralized exchanges and cryptocurrencies which gives users full control over their assets. Users can withdraw their owned portions of their intelligent funds at any time without anyone else having the ability to do the same.
  • CoTrader smart funds can mint their share tokens. They can mint even those token which have not been yet sent from the ICO to the intelligent funds, or may have been addressed but are locked. They can effectively get traded through the CoTrader platform.

With unlimited benefits for both the investors and the fund managers, the CoTrader blockchain company offers new dimensions of flexibility and investment profitability in the future with almost no hidden aspects.

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iCloud Hacker Demanded $175,000 Ransom to be Paid in Bitcoin

A hacker who filmed himself accessing Apple iCloud accounts has appeared in a U.K. court. Kerem Albayrak had demanded around $175,000 in ransom be paid in Bitcoin and Apple iTunes vouchers for the non-disclosure of sensitive user data. Apple Hacker Charged in Connection with Bitcoin Blackmail An IT analyst from north London has been charged with one count of blackmail and two counts of unauthorised acts intending to hinder access to a computer. Albayrak appeared at Westminster Magistrates’ court where he was granted unconditional bail until his case is heard at Southwark Crown Court on November 14. According to a report in the U.K.’s Daily Mail, Albayrak had recorded himself hacking into iCloud accounts and posted the footage on YouTube. He then contacted Apple and demanded $170,000 to be paid in Bitcoin and iTunes vouchers. He warned the global tech giant that he would disclose the personal details taken from the 319 million users’ accounts he had gained access to if they did not meet his demands. During court proceedings today, it was revealed that Albayrak initially requested around $75,000 before upping his demands to double that figure. He finally settled on $174,000 in Bitcoin and around $1,000 worth of iTunes vouchers. The prosecution’s legal representative, Lorna Vincent, stated: “Mr Karem Albayrak is accused of sending emails to Apple making financial demands for downloading database iCloud accounts and factory resetting those iCloud accounts… He entered into the accounts of the alleged victims and posted a video of his hack onto YouTube.” Albayrak is far from the first to make such ransom demands on big companies. His efforts are reminiscent of last year’s WannaCry ransomware attack. Based on the same principle of blackmailing firms with threats of releasing sensitive data, the malware attack infected hundreds of thousands of computers across the globe. The hacker behind it was able to evade authorities for over a year, but was arrested last month. In a number of decidedly more analogue attacks, people replaced data as the cornerstone upon which to leverage Bitcoin blackmails. In July of this year, a businessman from Cape Town was kidnapped and a demand of 50 BTC was made for his safe return. Liyaqat Parker was returned to his family in September. It is unknown if the ransom was met. Likewise, in Ukraine last December, a crypto-analyst from the EXMO exchange platform was also kidnapped. Once again, those responsible demanded Bitcoin for his safe return. In this example, the demands were met and Pavel Lerner was returned just days later. Fortunately, authorities were able to track Albayrak down before any harm could be done with the data he reportedly managed to access. This is hardly surprising, given how amateurish the young hacker went about coordinating his attack. Featured image from Shutterstock. The post iCloud Hacker Demanded $175,000 Ransom to be Paid in Bitcoin appeared first on NewsBTC.

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