Internet Security

Want to Earn Crypto? This Is the Best Way to Do It With Phemex

New and experienced crypto investors are always looking to maximize their profits. This is why the leading crypto exchange Phemex has several products which allow users to put their cryptocurrencies and digital assets to work. Phemex’s Flexible and Fixed Saving Asset Management products enable investors to earn interest on their crypto. Unlike the competition, Phemex…

New and experienced crypto investors are always looking to maximize their profits. This is why the leading crypto exchange Phemex has several products which allow users to put their cryptocurrencies and digital assets to work. Phemex’s Flexible and Fixed Saving Asset Management products enable investors to earn interest on their crypto. Unlike the competition, Phemex has taken into account that crypto investors need to stay nimble. Thus, the flexible saving product allows them to deposit and withdraw their cryptocurrencies and digital assets at one-day intervals without penalties or at one-week intervals with fixed accounts. While the funds remain on the platform, users can get up to 10% annual percentage yield (APY). At the moment, the product accepts stablecoin Tether (USDT) and Bitcoin in two modalities, flexible and fixed. In that way, if a user wants to send 10,000 to this Phemex’s saving product, they can receive a 7% APY if they use the flexible period or a 10% APY for the fixed 7-day period. This product can be used for as little as $1 for its flexible period and $100 for the fixed. It provides users an efficient way to take their crypto and produce more over a period of time of their choosing. Moreover, the product also accepts Bitcoin (BTC), and to mitigate the volatility for this market, all yields are offered in BTC. Thus, this product could be a great solution for new investors with low funds to stack more Sats and grow their portfolios. Like the stablecoin product, the Bitcoin-based savings accounts offer a 1.50% estimated APY and a 3% APY for their flexible and fixed period, respectively. To start, a user only needs to send funds to the accounts. Any interest generated can be compounded and used to increase gains above the initial deposit. How Phemex Guarantees The Security Of The Funds, Earn Crypto With Confidence To guarantee the APYs promised to investors, Phemex has partnered with specialized asset managers and profitable funds. Thus, it has the capacity to offer mature revenue strategies to its users. In addition, Phemex knows the importance of security in this space. Therefore, it has placed its platform under rigorous testing and safety procedures. This is how it can meet the highest standards in these terms. An extra layer of security is provided by the mechanism that secures the funds. These are held in special Phemex accounts with real-time monitoring. Thus, every transaction and all assets are always monitored and audited. With more cryptocurrencies quickly appreciating, Phemex will soon launch new products to allow their users to double their profits and generate more yield. The crypto market is wide and always presents new opportunities for those keeping track. Phemex combines two of the most essential features for the users into a single product: the capacity to earn more crypto in a safe platform.
Read More

Be the first to write a comment.

Leave a Reply

Internet Security

Singaporean, 16, under ISA restriction order after being radicalised by far-right extremist ideology

Advertisement Singapore Singaporean teen who identified as white supremacist placed under ISA restrictions for far-right extremism The teenager strongly identified as a white supremacist and aspired to conduct attacks overseas, says the Internal Security Department. File photo of a person using a laptop. (File photo: iStock/Chainarong Prasertthai) New: You can now listen to articles. Sorry

Advertisement

Singapore

Singaporean teen who identified as white supremacist placed under ISA restrictions for far-right extremism

The teenager strongly identified as a white supremacist and aspired to conduct attacks overseas, says the Internal Security Department.

Singaporean teen who identified as white supremacist placed under ISA restrictions for far-right extremism

File photo of a person using a laptop. (File photo: iStock/Chainarong Prasertthai)


New: You can now listen to articles.



Sorry, the audio is unavailable right now.


Please try again later.

This audio is AI-generated.

  • The student is the second Singaporean to be dealt with under the Internal Security Act for being radicalised by far-right extremist ideologies
  • He was exposed to violent extremist material online in 2022 and developed an intense hatred of communities typically targeted by far-right extremists, including African Americans, Arabs and LGBTQ individuals
  • Although he hoped to be recruited for violent attacks overseas, the student did not take steps to actualise his aspirations beyond searching online for weapons

Firdaus Hamzah

Firdaus Hamzah

Firdaus Hamzah

24 Jan 2024 02:00PM
(Updated: 25 Jan 2024 09:42AM)



Bookmark



Bookmark



Share

SINGAPORE: A 16-year-old Singaporean student who was self-radicalised by far-right extremist ideologies has been issued a restriction order under the Internal Security Act (ISA).

The teenager, who is of Chinese ethnicity, identified as a white supremacist and aspired to conduct attacks overseas, the Internal Security Department (ISD) said on Wednesday (Jan 24).

“However, beyond online searches for weapons, he did not take steps to actualise his attack aspirations as he lacked the financial resources and know-how to do so,” ISD said.

It added that he had no plans to conduct any attacks in Singapore.

The student, who was not named, was in Secondary 4 when he was placed under a restriction order in November 2023. This means he is not allowed to travel out of Singapore, access the internet or social media without the approval of the ISD director, among other restrictions.

He is the second Singaporean to be dealt with under the ISA for being radicalised by far-right extremist ideologies.

The first – a 16-year-old Protestant Christian of Indian ethnicity – was detained in December 2020 after planning to attack two mosques in the Woodlands area.

Authorities said at the time that he had made “detailed plans and preparations to conduct terrorist attacks” against Muslims, and that he was influenced by the manifesto of Brenton Tarrant – the man who attacked mosques in Christchurch, New Zealand.

The youth has since been released from detention, ISD said on Wednesday, adding that he had made “good progress” in his rehabilitation and is assessed to no longer pose an imminent security threat.

SELF-RADICALISATION PROCESS

Providing details of the latest case, ISD said the teenager was exposed to violent extremist material online in 2022, after chancing upon videos by American far-right personality Paul Nicholas Miller.

Miller is known for promoting a race war and espouses white supremacist and neo-Nazi rhetoric. He has been tied to multiple far-right extremist organisations overseas, including the Proud Boys and the Boogaloo movement.

By early 2023, the teenager had developed an intense hatred of communities typically targeted by far-right extremists, including African Americans, Arabs and LGBTQ individuals, said ISD.

“Fuelled by online extremist rhetoric, he came to believe that African Americans were responsible for a significant percentage of crime in the United States, and deserved to ‘die a horrible death’,” it added.

“He also perceived illegal Arab immigrants as having committed violent attacks against white populations in Western countries.”

ISD said the teenager subscribed to the Great Replacement Theory commonly referenced by far-right terrorists like the Christchurch attacker, which propagated the idea that the indigenous white population in Western countries were in danger of being replaced by non-white immigrants. 

“Such ethno-nationalist beliefs convinced him that non-white communities such as African Americans and Arabs should be driven away from white-majority countries,” said ISD. 

“The youth participated in several far-right online chat groups and channels, where he shared violent anti-African American videos, as doing so gave him a sense of belonging to the white supremacist community.” 

When asked how this case came to light, ISD told CNA it was unable to comment due to operational concerns. 

It added that the ISA remains a “relevant and effective legislative tool” that allows for pre-emptive action to be taken to neutralise any security threats, such as in the case of the two youths.

“Regardless of the cause or extremist ideology involved, the authorities will not hesitate to take actions against any Singaporean or person residing in Singapore who supports, engages in, or attempts to engage in, armed violence,” it said. 

Growing concern with youth radicalism, terrorism threat to Singapore remains high: ISD

Terrorist groups increasingly targeting youths, Singapore a ‘prized target’: DPM Wong

ASPIRATIONS TO PARTICIPATE IN ATTACKS

According to the ISD, the teenager had hoped to be recruited for violent attacks by white supremacist groups overseas to “fight for the whites”.

He considered travelling to countries such as France, Italy, the US and Russia to participate in attacks against his “vilified communities”.

“Specifically, he shared his interest to conduct a mass shooting in the US in 10 years’ time in a far-right online chat group,” said the ISD.

The agency added that while he searched online for weapons, he did not take steps to actualise his attack aspirations as he lacked the financial resources and know-how to do so. 

“The youth had no plans to conduct any attacks locally, as he felt that these communities had not caused trouble in Singapore,” said ISD.

“There was no indication that the youth had tried to influence his family or friends with his violent extremist views, nor were they aware of his attack ideations.”

Vital to have a capable and vigilant Internal Security Department to protect Singapore: PM Lee

The road to redemption: How two radica

Read More

Continue Reading
Internet Security

Discover HugeWin – The Crypto Casino That Will Reshape the Industry in 2024 and Beyond

In the crypto gambling industry, it is more and more challenging to reach casinos that offer a genuine experience from head to tail. Even if you found the one that gives you your preferred game or a good platform interface, some aspects are hard to get — security and trustworthiness. In the light of giving


In the crypto gambling industry, it is more and more challenging to reach casinos that offer a genuine experience from head to tail. Even if you found the one that gives you your preferred game or a good platform interface, some aspects are hard to get — security and trustworthiness.

In the light of giving you an alternative to all those casinos, we introduce you to HugeWin, a newcomer who is expected to reshape the gambling industry in 2024 and beyond.

HugeWin – The Junior of the Industry Expected to Dominate the Seniors

HugeWin is a crypto casino that started its operations in January 2024, and even though it’s a newcomer, with the way things are looking and the product they have, we can easily expect them to become one of the largest crypto casinos in the world in the coming period. This is also because the platform was built with the vision of becoming the biggest in the industry from the very beginning.

Created by an extended team of experts, the path for HugeWin was designed to ensure that each and every user can spend time in a fun and reliable environment without any complaints — things that are more and more difficult to achieve or find in the current crypto gambling landscape.

Besides this, HugeWin Casino also bets on another important factor — trustworthiness. They knew from the start that in order to be successful, they had to treat their users properly. 

That’s why, on HugeWin, all bettors will be able to instantly get the money they made on the platform, as HugeWin guarantees immediate payment of the winnings, regardless of the amount, and based on the principle of “no question asked,” of course, if there is no suspicion of severe irregularities or fraud.

And last but certainly not least, if your primary concern about crypto casinos circles around the accepted cryptocurrencies, you can rest assured. HugeWin goes the extra mile by providing a diverse range of cryptocurrencies for both deposits and withdrawals. The list includes Bitcoin (BTC), Tether (USDT), Tron (TRX), Dogecoin (DOGE), Binance Coin (BNB), Litecoin (LTC), and Ripple (XRP).

A Platform Proper for Both Casino and Sport Bettors

HugeWin goes further than that and ensures that every bettor has a good experience and a seat at the table on their platform. That’s why, on their platform, there is a variety of games for those who are into traditional casino games and also for sports enthusiasts.

This crypto casino has a multitude of gaming options delivered by the most established and well-known providers in the industry, such as Pragmatic Play, EGT Interactive, Spribe, Evolution Gaming, Playson, and others.

Based on that, there are all the most influential types of games on HugeWin, from Slots, Roulette, Blackja

Read More

Continue Reading
Internet Security

Rocket Pool X Hacker Directs Followers to Wallet Drainer

Reading Time: 2 minutes Rocket Pool’s X account has been hacked and the malicious actor is directing the account’s followers to a wallet drainer The platform is among the top five Dapps on Ethereum with close to $3 billion in TVL The crypto community has criticized Rocket Pool for neglecting its social media accounts’ security

Reading Time: 2 minutes Rocket Pool’s X account has been hacked and the malicious actor is directing the account’s followers to a wallet drainer The platform is among the top five Dapps on Ethereum with close to $3 billion in TVL The crypto community has criticized Rocket Pool for neglecting its social media accounts’ security Scammers are taking a different route to draining crypto wallets by first hacking into a crypto project’s social media account and then directing its followers to a wallet drainer…
Read More

Continue Reading
Internet Security

Here’s Why Bitcoin’s Hashrate Fell by 25% 3 Months Before Next Halving

The Bitcoin hashrate tumbled 25% since the weekend, raising network security concerns as the halving event nears…

The Bitcoin hashrate tumbled 25% since the weekend, raising network security concerns as the halving event nears…
Read More

Continue Reading