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Bitcoin to tumble further: oddsmakers bet on drop to $10K – Yahoo Finance

Bitcoins (BTC-USD) chances of falling below $10,000 have increased significantly since mid-April, according to betting aggregators US-Bookies.com.

The odds that Bitcoin drops to $10,000 in 2021 were 8/11 (57.9% implied probability), a sharp increase from mid-April, where the odds were 4/1 (20%).

The latest trends have not indicated a positive outcome for the popular cryptocurrency, a US-Bookies spokesperson said. Bitcoin rose over $2,000 Thursday after the Basel Committee recognized it as an asset class, but fell back down later in the day.

There are many factors that affect trader sentiment, the spokesperson said. But the most significant appear to be US monetary policy and the impact of pressure from mainland China.

Chinas Qinghai province took an aggressive stance against crypto Wednesday by ordering all crypto miners to shut down. The region, which was a hub of mining activity, is the latest of several East Asian regions, including Xinjiang Inner Mongolia, to ban the practice.

Financial sector analysts have identified Bitcoin's reduced market share as a crucial detail supporting bearish attitudes. The virtual currency now represents about 40% of the crypto market, down from 70%.

It should be noted, the spokesperson said, that the market for betting on bitcoin is very small and extends to a handful of jurisdictions globally where sportsbook betting on bitcoin is legal, like Europe. Betting on bitcoin is illegal within the United States.

The data came as little surprise to US-Bookies, as bitcoins predicted gloomy future is within the context of a broader market correction. Cryptocurrency investors should be aware of the asset classes' volatility and these odds are aligned with the sharp correction in the market of late, the spokesperson said.

Ihsaan Fanusie is a writer at Yahoo Finance. Follow him on Twitter @IFanusie.

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Bitcoin Is Actually Traceable, Pipeline Investigation Shows – The New York Times

When Bitcoin burst onto the scene in 2009, fans heralded the cryptocurrency as a secure, decentralized and anonymous way to conduct transactions outside the traditional financial system.

Criminals, often operating in hidden reaches of the internet, flocked to Bitcoin to do illicit business without revealing their names or locations. The digital currency quickly became as popular with drug dealers and tax evaders as it was with contrarian libertarians.

But this weeks revelation that federal officials had recovered most of the Bitcoin ransom paid in the recent Colonial Pipeline ransomware attack exposed a fundamental misconception about cryptocurrencies: They are not as hard to track as cybercriminals think.

On Monday, the Justice Department announced it had traced 63.7 of the 75 Bitcoins some $2.3 million of the $4.3 million that Colonial Pipeline had paid to the hackers as the ransomware attack shut down the companys computer systems, prompting fuel shortages and a spike in gasoline prices. Officials have since declined to provide more details about how exactly they recouped the Bitcoin, which has fluctuated in value.

Yet for the growing community of cryptocurrency enthusiasts and investors, the fact that federal investigators had tracked the ransom as it moved through at least 23 different electronic accounts belonging to DarkSide, the hacking collective, before accessing one account showed that law enforcement was growing along with the industry.

Thats because the same properties that make cryptocurrencies attractive to cybercriminals the ability to transfer money instantaneously without a banks permission can be leveraged by law enforcement to track and seize criminals funds at the speed of the internet.

Bitcoin is also traceable. While the digital currency can be created, moved and stored outside the purview of any government or financial institution, each payment is recorded in a permanent fixed ledger, called the blockchain.

That means all Bitcoin transactions are out in the open. The Bitcoin ledger can be viewed by anyone who is plugged into the blockchain.

It is digital bread crumbs, said Kathryn Haun, a former federal prosecutor and investor at venture-capital firm Andreessen Horowitz. Theres a trail law enforcement can follow rather nicely.

Ms. Haun added that the speed with which the Justice Department seized most of the ransom was groundbreaking precisely because of the hackers use of cryptocurrency. In contrast, she said, getting records from banks often requires months or years of navigating paperwork and bureaucracy, especially when those banks are overseas.

Given the public nature of the ledger, cryptocurrency experts said, all law enforcement needed to do was figure out how to connect the criminals to a digital wallet, which stores the Bitcoin. To do so, authorities likely focused on what is known as a public key and a private key.

A public key is the string of numbers and letters that Bitcoin holders have for transacting with others, while a private key is used to keep a wallet secure. Tracking down a users transaction history was a matter of figuring out which public key they controlled, authorities said.

Seizing the assets then required obtaining the private key, which is more difficult. Its unclear how federal agents were able to get DarkSides private key.

Justice Department spokesman Marc Raimondi declined to say more about how the F.B.I. seized DarkSides private key. According to court documents, investigators accessed the password for one of the hackers Bitcoin wallets, though they did not detail how.

The F.B.I. did not appear to rely on any underlying vulnerability in blockchain technology, cryptocurrency experts said. The likelier culprit was good old-fashioned police work.

Federal agents could have seized DarkSides private keys by planting a human spy inside DarkSides network, hacking the computers where their private keys and passwords were stored, or compelling the service that holds their private wallet to turn them over via search warrant or other means.

If they can get their hands on the keys, its seizable, said Jesse Proudman, founder of Makara, a cryptocurrency investment site. Just putting it on a blockchain doesnt absolve that fact.

The F.B.I. has partnered with several companies that specialize in tracking cryptocurrencies across digital accounts, according to officials, court documents and the companies. Start-ups with names like TRM Labs, Elliptic and Chainalysis that trace cryptocurrency payments and flag possible criminal activity have blossomed as law enforcement agencies and banks try to get ahead of financial crime.

Their technology traces blockchains looking for patterns that suggest illegal activity. Its akin to how Google and Microsoft tamed email spam by identifying and then blocking accounts that spray email links across hundreds of accounts.

Cryptocurrency allows us to use these tools to trace funds and financial flows along the blockchain in ways that we could never do with cash, said Ari Redbord, the head of legal affairs at TRM Labs, a blockchain intelligence company that sells its analytic software to law enforcement and banks. He was previously a senior adviser on financial intelligence and terrorism at the Treasury Department.

Several longtime cryptocurrency enthusiasts said the recovery of much of the Bitcoin ransom was a win for the legitimacy of digital currencies. That would help shift the image of Bitcoin as the playground of criminals, they said.

The public is slowly being shown, in case after case, that Bitcoin is good for law enforcement and bad for crime the opposite of what many historically believed, said Hunter Horsley, chief executive of Bitwise Asset Management, a cryptocurrency investment company.

In recent months, cryptocurrencies have become increasingly mainstream. Companies such as PayPal and Square have expanded their cryptocurrency services. Coinbase, a start-up that allows people to buy and sell cryptocurrencies, went public in April and is now valued at $47 billion. Over the weekend, a Bitcoin conference in Miami attracted more than 12,000 attendees, including Twitters chief executive, Jack Dorsey, and the former boxer Floyd Mayweather Jr.

As more people use Bitcoin, most are accessing the digital currency in a way that mirrors a traditional bank, through a central intermediary like a crypto exchange. In the United States, anti-money laundering and identity verification laws require such services to know who their customers are, creating a link between identity and account. Customers must upload government identification when they sign up.

Ransomware attacks have put unregulated crypto exchanges under the microscope. Cybercriminals have flocked to thousands of high-risk ones in Eastern Europe that do not abide by these laws.

After the Colonial Pipeline attack, several financial leaders proposed a ban on cryptocurrency.

We can live in a world with cryptocurrency or a world without ransomware, but we cant have both, Lee Reiners, the executive director of the Global Financial Markets Center at Duke Law School, wrote in The Wall Street Journal.

Cryptocurrency experts said the hackers could have tried to make their Bitcoin accounts even more secure. Some cryptocurrency holders go to great lengths to store their private keys away from anything connected to the internet, in what is called a cold wallet. Some memorize the string of numbers and letters. Others write them down on paper, though those can be obtained by search warrants or police work.

The only way to obtain the truly unseizable characteristic of the asset class is to memorize the keys and not have them written down anywhere, Mr. Proudman said.

Mr. Raimondi of the Justice Department said the Colonial Pipeline ransom seizure was the latest sting operation by federal prosecutors to recoup illicitly gained cryptocurrency. He said the department has made many seizures, in the hundreds of millions of dollars, from unhosted cryptocurrency wallets used for criminal activity.

In January, the Justice Department disrupted another ransomware group, NetWalker, which used ransomware to extort money from municipalities, hospitals, law enforcement agencies and schools.

As part of that sting, the department obtained about $500,000 of NetWalkers cryptocurrency that had been collected from victims of their ransomware.

While these individuals believe they operate anonymously in the digital space, we have the skill and tenacity to identify and prosecute these actors to the full extent of the law and seize their criminal proceeds, Maria Chapa Lopez, then the U.S. attorney for the Middle District of Florida, said when the case was announced.

In February, the Justice Department said it had warrants to seize nearly $2 million in cryptocurrencies that North Korean hackers had stolen and put into accounts at two different cryptocurrency exchanges.

Last August, the department also unsealed a complaint outing North Korean hackers who stole $28.7 million of cryptocurrency from a cryptocurrency exchange, and then laundered the proceeds through Chinese cryptocurrency laundering services. The F.B.I. traced the funds to 280 cryptocurrency wallets and their owners.

In the end, cryptocurrencies are actually more transparent than most other forms of value transfer, said Madeleine Kennedy, a spokeswoman for Chainalysis, the start-up that traces cryptocurrency payments. Certainly more transparent than cash.

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As bitcoin falls to $32K, two strategists discuss whether it’s a buy now – CNBC

Bitcoin continues its sharp decline.

The digital currency Tuesday tumbled more than 6%, falling to $32,000 and ending the day at roughly $33,300, after U.S. officials seized more than $2 million in bitcoin tied to the Colonial Pipeline ransom. While questions remain as to how the U.S. gained access to the hacker's bitcoin wallet, concerns arose about how impregnable the cryptocurrency may be.

Michael Binger, president of Gradient Investments, says security is just one of the reasons he remains on the sidelines when it comes to bitcoin.

"I understand that crypto is a global currency, it's unregulated; I understand that some may be concerned about U.S. inflation and a weakening dollar, but I still think that gold is a better hedge if those are your concerns," Binger told CNBC's "Trading Nation" on Tuesday.

Bitcoin is seen by some investors as the digital alternative to gold, holding a store of value that can hedge inflation risk.

"Crypto is just way too volatile, way too speculative for our client base," said Binger. "I really think the crypto market is more for retail traders who are trading on price momentum both up and down and a handful of corporations that are willing to take a swing at it."

Gina Sanchez, CEO of Chantico Global and chief market strategist at Lido Advisors, is also steering clear of the asset.

"We're still sellers of bitcoin," Sanchez said during the same interview. "The broader market and the economy, quite frankly, are showing a lot of money shifting back into the economy through consumption and through investment, and it's hurting all speculative assets."

Tuesday's sell-off was just the most recent drop for bitcoin. It has also come under pressure after Tesla reversed a decision to allow payments to be made in the coin and as the threat of regulation in the U.S. and overseas looms.

"Bitcoin lands solidly in that space as a speculative asset, but we're also seeing SPACs, IPOs, all get hit, all at the same time, and we see this as just a sign that money is moving away from speculation back into the real economy," added Sanchez.

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Jim Cramer: Be patient with bitcoin, approach the S&P with caution – CNBC

CNBC's Jim Cramer is advising that investors who are searching for entry and exit points keep a close eye on both stock and cryptocurrency trades in the coming weeks.

The "Mad Money" host on Friday reviewed chart analysis from Tom DeMark, the founder and head of DeMark Analytics.

"The charts, as interpreted by Tom DeMark, suggest that bitcoin might take another month to bottom, while the S&P 500 could peak as soon as next week," he said. "Considering Tom's track record, that's a good reason to be patient with bitcoin and approach the S&P with some caution."

DeMark invented the DeMark Indicator, which some traders use to time the market. The methodology, which follows patterns to project when a trend could change course, is popular among crypto traders to spot highs and lows, Cramer said.

Cramer reviewed the daily chart action for bitcoin, which peaked at around $65,000 in mid-April. The digital coin is now trading above $37,300 as of Friday after falling to $30,000 in mid-May.

DeMark, who said the drop in bitcoin resembles the crash of 1987, projected that the decline could bring the token's value to a floor of $32,000 or $24,000 in the worst case. He now thinks that bitcoin will generally hold above the May 19th low, Cramer said.

In what's known as "Black Monday," the Dow Jones Industrial Average plummeted more than 20% on Oct. 19, 1987. It was the bookend of a 36% decline in the blue-chip index from August that year.

"If DeMark's right, you could get a chance to buy bitcoin in the not-too-distant future, and I might take it," Cramer said. "I think this '87 analogy is good news. After the crash of '87, the stock market bounced back fast."

As for the S&P 500, which closed at a record for the second-straight day, DeMark's indicator suggests the index could be close to a top, Cramer said. DeMark has price targets of $4,335 and $4,344, about 2% higher than Friday's finish.

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Hacking bitcoin wallets with quantum computers could happen but cryptographers are racing to build a workaround – CNBC

Intel's 17-qubit quantum test chip.

Source: Intel

Stefan Thomas really could have used a quantum computer this year.

The German-born programmer and crypto trader forgot the password to unlock his digital wallet, which contains 7,002 bitcoin, now worth $265 million. Quantum computers, which will be several million times faster than traditional computers, could have easily helped him crack the code.

Though quantum computing is still very much in its infancy, governments and private-sector companies such as Microsoft and Google are working to make it a reality. Within a decade, quantum computers could be powerful enough to break the cryptographic security that protects cell phones, bank accounts, email addresses and yes bitcoin wallets.

"If you had a quantum computer today, and you were a state sponsor China, for example most probably in about eight years, you could crack wallets on the blockchain," said Fred Thiel, CEO of cryptocurrency mining specialist Marathon Digital Holdings.

This is precisely why cryptographers around the world are racing to build a quantum-resistant encryption protocol.

Right now, much of the world runs on something called asymmetric cryptography, in which individuals use a private and public key pair to access things such as email and crypto wallets.

"Every single financial institution, every login on your phone it is all based on asymmetric cryptography, which is susceptible to hacking with a quantum computer," Thiel said. Thiel is a former director of Utimaco, one of the largest cryptography companies in Europe, which has worked with Microsoft, Google and others on post-quantum encryption.

The public-private key pair lets users produce a digital signature, using their private key, which can be verified by anyone who has the corresponding public key.

In the case of cryptocurrencies such as bitcoin, this digital signature is called the Elliptic Curve Digital Signature Algorithm, and it ensures that bitcoin can only be spent by the rightful owner.

Theoretically, someone using quantum computing could reverse-engineer your private key, forge your digital signature, and subsequently empty your bitcoin wallet.

"If I was dealing in fear-mongering ... I'd tell you that among the first types of digital signatures that will be broken by quantum computers are elliptic curves, as we use them today, for bitcoin wallets," said Thorsten Groetker, former Utimaco CTO and one of the top experts in the field of quantum computing.

"But that would happen if we do nothing," he said.

Crypto experts told CNBC they aren't all that worried about quantum hacking of bitcoin wallets for a couple of different reasons.

Castle Island Ventures founding partner Nic Carter pointed out that quantum breaks would be gradual rather than sudden.

"We would have plenty of forewarning if quantum computing was reaching the stage of maturity and sophistication at which it started to threaten our core cryptographic primitives," he said. "It wouldn't be something that happens overnight."

There is also the fact that the community knows that it is coming, and researchers are already in the process of building quantum-safe cryptography.

"The National Institute of Science and Technology (NIST) has been working on a new standard for encryption for the future that's quantum-proof," said Thiel.

NIST is running that selection process now, picking the best candidates and standardizing them.

"It's a technical problem, and there's a technical solution for it," said Groetker. "There are new and secure algorithms for digital signatures. ... You will have years of time to migrate your funds from one account to another."

Groetker said he expects the first standard quantum-safe crypto algorithm by 2024, which is still, as he put it, well before we'd see a quantum computer capable of breaking bitcoin's cryptography.

Once a newly standardized post-quantum secure cryptography is built, Groetker said, the process of mass migration will begin. "Everyone who owns bitcoin or ethereum will transfer [their] funds from the digital identity that is secured with the old type of key, to a new wallet, or new account, that's secured with a new type of key, which is going to be secure," he said.

However, this kind of upgrade in security requires users to be proactive. In some scenarios, where fiat money accounts are centralized through a bank, this process may be easier than requiring a decentralized network of crypto holders to update their systems individually.

"Not everybody, regardless of how long it takes, will move their funds in time," said Groetker. Inevitably, there will be users who forget their password or perhaps passed away without sharing their key.

"There will be a number of wallets ... that become increasingly insecure, because they're using weaker keys."

But there are ways to deal with this kind of failing in security upgrade. For example, an organization could lock down all accounts still using the old type of cryptography and give owners some way to access it. The trade-off here would be the loss of anonymity when users go to reclaim their balance.

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Bitcoin ($BTC USD) Cryptocurrency Price Outlook: Futures a Warning to JPMorgan – Bloomberg

Follow us @crypto for our full coverage.

Bitcoins recent bounce has yet to dispel doubts about its vulnerability following a rout in May.

The cryptocurrency has jumped about 14% over two days and was trading at $38,295 as of 11:05 a.m. in London on Thursday. While the momentum may cheer bulls, a JPMorgan Chase & Co. team said backwardation in a part of the futures market -- where the spot price is above futures prices -- is reason for caution.

We believe that the return to backwardation in recent weeks has been a negative signal pointing to a bear market, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note. They added that Bitcoins relatively depressed share of total crypto market value is another concerning trend.

The JPMorgan analysis is based on the 21-day rolling average of the 2nd Bitcoin futures spread over spot prices, and pointed out the Bitcoin futures curve was in backwardation for most of 2018. That year, the cryptocurrency fell 74% after a boom. Backwardation is an unusual development and a reflection of how weak Bitcoin demand is at the moment from institutional investors who tend use contracts listed on the Chicago Mercantile Exchange, according to the report.

The cryptocurrencys share of overall crypto market value is about 42% currently, down from roughly 70% at the start of the year, according to data from tracker CoinGecko. For some analysts, thats in part a sign of retail-driven investor froth lifting other coins.

Bitcoins share may need to top 50% to make it easier to argue the current bear market is over, the JPMorgan strategists said in the June 9 report. Panigirtzoglou previously flagged Bitcoins declining market share in early May, ahead of tumble in the coins price.

Traders are waiting for the next catalyst to break Bitcoin from a $30,000 to $40,000 range thats been in place since a decline from a record of almost $65,000 in April. Public criticism of the digital currencys energy needs by tycoon Elon Musk and a Chinese regulatory crackdown are among obstacles. Bulls got a bit of a lift Wednesday after El Salvador made Bitcoin legal tender.

We will need to see a break here for the bulls to feel were out of this period of vulnerability, Chris Weston, head of research with Pepperstone Financial Pty, wrote in a note Thursday.

(Updates markets in the second paragraph.)

Before it's here, it's on the Bloomberg Terminal.

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Bitcoin bounces from 3-week lows why ‘bad narratives’ have one trader staying neutral – CNBC

Bitcoin is bouncing back from its recent lows.

The cryptocurrency climbed nearly 9% on Wednesday after hitting a three-week bottom Tuesday, fueled in part by El Salvador becoming the first country to accept bitcoin as legal tender. Interactive Brokers also said Wednesday that it would launch crypto trading on its popular platform by the end of the summer.

But significant obstacles remain, long-term bitcoin bull Todd Gordon told CNBC's "Trading Nation" on Wednesday.

"We're recently short bitcoin. We've covered it," said the TradingAnalysis.com founder, adding that he's still a long-term holder. "There's a lot of sort of bad things, bad narratives weighing against it."

With investors still reluctant to embrace it as a store of value, competition from ethereum increasing, the governments of China, Turkey and India cracking down, and Tesla CEO Elon Musk raising environmental concerns, bitcoin's headwinds aren't exactly few and far between, Gordon said.

"If we look at the technicals, you saw a 53% drop in 2019, a 62% drop in '20 and we just saw a 53% drop. So, we could go a little bit lower, but right now, I think we're neutral," Gordon said.

He suggested watching some key inflation data the consumer price index (CPI), set to be released Thursday for hints on where bitcoin could head next.

"If that CPI number is not hot, watch bitcoin's reaction and that'll start to tell you maybe it's an inflation hedge," he said.

One fellow bitcoin bull wasn't as worried for the near term.

"I'm still bullish and still buying," Delano Saporu, founder and CEO of New Street Advisors Group, said in the same "Trading Nation" interview.

With El Salvador, "you're seeing a country that's going to possibly be able to level the playing field for a lot of folks," Saporu said.

"They mentioned 70% of people in the country aren't able to have financial services readily available," he said. "That's one of the use cases that a lot of people are bullish on when it comes to cryptocurrencies in general, so, we're definitely still buying and definitely still bullish."

Disclosure: Gordon owns bitcoin and shares of the Grayscale Bitcoin Trust (GBTC). Saporu and New Street Advisors Group own bitcoin.

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Cryptocurrency News Today June 12: Bitcoin, Dogecoin, Shiba Inu and other top coins prices and all latest u… – Zee Business

Bitcoin and all majortop cryptocurrencies were trading in red at3:45 pm on Saturday, June 12.In line with its recent trends,overall global crypto market was down by over 15 per centon the weekend, showedCoinSwitchKuber data.World number one cryptocurrency Bitcoin was down by 6% and was trading at Rs 27,28,815after hitting day's high of Rs 29,00,208.

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Ethereum, ranked at 2ndposition globally, was trading at Rs1,84,949, down 3.35%. It reached a day high of Rs 1,90,490 and slid up to Rs 1,75,060.

Ranked 3, Tether continued to trade in limited space and was marginally up by 0.05%. Market price of Tether was RS 77.4716.Meme coinsDogecoin, Shiba Inu were down over 5 % and 10%. Dogecoin was trading at Rs23.869532 andShibaInuat Rs 0.000462.Other coins like Polka Dot andBinanacecoin were trading down 9.94% and 6.79% respectively.Matic was also trading over 10 per cent lower on Saturday.

Meanwhile inthe latestnews related to cryptocurrency,China`s crackdown on cryptocurrencies spread to the country`s southwest with a campaign against misuse of electricity by bitcoin miners in Yunnan province, Reuters quoted local media reported saying this on Saturday.

Earlier, after it was widely reported that ED has served a showcause notice toWazirXand its directorsovercryptocurrency transactions worth Rs. 2,790.74 crore, India's largest cryptocurrency Exchange refuted any suchnotice. "WazirXis yet to receive any show cause notice from the Enforcement Directorate as mentioned in today's media reports.WazirXis in compliance with all applicable laws. We go beyond our legal obligations by following Know Your Customer (KYC) and should we receive a formal communication or notice from the ED, we'll fully cooperate in the investigation.Please note: Your funds are absolutely safe onWazirX,"tweeted the crypto exchange

In India, despite the Supreme Courtstruckingdown RBI 2018 circular that barred banks and financialinstitutions from engaging in crypto dealings,uncertaintyprevails as far as crypto trading in country is concerned.

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Cryptocurrency News Today June 12: Bitcoin, Dogecoin, Shiba Inu and other top coins prices and all latest u... - Zee Business

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Device encryption in Windows 10 – support.microsoft.com

What is device encryption?

Device encryptionhelps protect your data, and it'savailable on a wide range of Windows devices. If you turn on device encryption, the data on your device can only be accessed by people who've beenauthorized.If device encryption isn't available on your device, you may be able to turn on standard BitLocker encryption instead.

Note:BitLocker is not available on Windows 10 Home edition.

Device encryption is available on supported devices running any Windows 10 edition. If you want to use standard BitLocker encryption instead, it'savailable on supported devices running Windows 10 Pro, Enterprise, or Education. Some devices have both types of encryption. For example, a Surface Prowhich runs Windows 10 Prohas both the simplified device encryption experience, and the full BitLocker management controls. Not sure which version of Windows you have? SeeWhich Windows operating system am I running?

In the search box on the taskbar, type System Information, right-click System Informationin the list of results, then selectRun as administrator. Or you can select theStartbutton, and then under Windows Administrative Tools, select System Information.

At the bottom of the System Information window, findDevice Encryption Support. If the value says Meets prerequisites, then device encryption is available on your device. If it isn't available, you may be able to use standard BitLocker encryption instead.

Sign in to Windows with an administrator account (you may have to sign out and back in to switch accounts). For more info, seeCreate a local or administrator account in Windows 10.

Select theStart button, then selectSettings > Update & Security > Device encryption. If Device encryption doesn't appear, it isn't available. You may be able toturn on standard BitLocker encryption instead.

If device encryption is turned off, select Turn on.

Sign in to your Windows device with an administrator account (you may have to sign out and back in to switch accounts). For more info, seeCreate a local or administrator account in Windows 10.

In the search box on the taskbar, type Manage BitLocker and then select it from the list of results. Or you can select theStartbutton, and then under Windows System, select Control Panel. In Control Panel, select System and Security, and then under BitLocker Drive Encryption, select Manage BitLocker.

Note:You'll only see this option if BitLocker is available for your device. Itisn't available on Windows 10 Home edition.

Select Turn on BitLocker and then follow the instructions. (If BitLocker is turned on and you want to turn it off, select Turn off BitLocker.)

If your device requires a recovery key to unlock, see Find your recovery key.

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How to Encrypt Files, Folders and Drives on Windows 10 …

One of the best ways to protect your privacy is to encrypt important information on your computer. Whether you need to send personal information to someone, or simply want to make sure that no one who gets access to your computer can see stuff you would rather keep private, encryption is the way to go.

Editors Note:Guest author Heinrich Long is a writer at Restore Privacy, a blog dedicated to inform about best online privacy practices, secure your electronic devices, unblock restricted content and defeat censorship.

As a Windows 10 user, you have numerous options for encrypting information. In this guide we will show you ways to encrypt individual files, file folders, and even entire disk drives. Each approach has its own benefits and drawbacks, so well cover those, too. That way, youll have a better sense of which type of encryption you will need for various situations. Before we go further, here are a couple of points to keep in mind:

Now lets talk about when to use the three types of encryption that you can use:

As the name implies, individual file encryption refers to encrypting one file at a time. Each file has its own password or key.

Individual file encryption is great for files you plan to share or store in the cloud. Windows 10 users can encrypt individual files using a tool like 7-zip. You can also encrypt individual Microsoft Office files from within their apps, although this is better suited to casual person use than protection against serious adversaries.

Next up is folder level encryption. This approach involves encrypting everything that is stored in a folder. Passwords or keys are assigned to the folder, not individual files.

Folder encryption is a great organizational tool. For example, you could create a different encrypted folder for each member of your family. Give Sally only the password for her folder, and Jimmy only the password for his, and each can have their own private space on the same device.

Note that storing a file in an encrypted folder doesnt prevent you from also encrypting files individually.

Hard drive or disk encryption protects the entire drive at once. To use a device with an encrypted hard drive you would need to enter the password or key when you logged on, or nothing on the disk would be accessible.

This kind of encryption is a good first line of defense in case of theft. If someone stole your laptop, or ripped the drives out of one of your servers, they would need to defeat the hard drive encryption to get any data at all.

You can still apply folder level encryption and individual file encryption to an encrypted disk.

Before we dive into the details of file encryption, we need to make an important note on passwords. You need to be using a good password manager, along with good password hygiene.

Why is that? Well, if you lose or forget the password for accessing your encrypted files, then theyll probably be gone for good. A good password manager is critical. Weve reviewed many options, including 1Password, LastPass, and many more.

See our guide on the best password managers for the top recommendations and step-by-step information for good password management. Now that weve hit the basics, it is time for some specifics. Lets start with

Your options for encrypting files and folders on Windows 10 devices depend on which version of Windows 10 you have. Windows 10 Pro and Enterprise users have a built-in encryption tool called the Encrypting File System (EFS). Any Windows 10 user, including those with the Home edition, can also use third-party apps such as 7-zip for file and folder encryption.

Beyond these options, Microsoft Office apps have a basic file locking / encryption feature built in, as does Adobe Acrobat. Well round out our coverage of Windows 10 encryption by taking a look at these.

The Encrypting File System (EFS) is built into the Professional and Enterprise versions of Windows 10. It is treated as an Advanced feature of the Windows File Explorer. This makes a lot of sense, since used carelessly, EFS can leave you with files you can never access again.

EFS does all its encryption work in the background, including automatically creating a File Encryption Key (FEK), and encrypting that key so only the account that encrypted the file can decrypt it. All this happens automatically and transparently.

Aside from a lock symbol that appears in the File Explorer next to a file or folder that is encrypted, there is no easy way to tell that a file or folder is encrypted with EFS.

Unfortunately, EFS has some quirks that make it a less than ideal choice for many uses. Knowing what these are will help you decide whether EFS is the answer to your Windows 10 file encryption needs:

If these quirks havent scared you away, heres how to encrypt files and folders with EFS:

That is all you need to do, from now on, the encrypted file or folder will appear encrypted to anyone other than the user account that encrypted the item in the first place.

7-zip is a freeware file compression program that can also encrypt files and folders using AES-256 encryption, which is the industry standard for most encrypted systems. If you plan to use 7-zip to encrypt files or folders you should know that the process creates an encrypted copy of the file or folder. The original, unencrypted file or folder is unchanged.

If you are creating the encrypted item because you plan to send it somewhere, or store it in the cloud or something like that, this is fine. But if your goal is to protect the files and folders on your own device, this isnt ideal.

In the rest of this section, well first look at how to encrypt files and folders with 7-zip. After that well talk about what else you need to do if your goal is to protect the files and folders on your own device. The following instructions assume you already have 7-zip installed on your system. If not, you can download it here.

The result of encrypting something with 7-zip the way we did here is a zipped archive that is AES-256 encrypted. This archive appears in the same folder as the file or folder that you encrypted, alongside the original file or folder. What this means to you depends on what you plan to do with the encrypted file or folder.

If you created the archive to share copies of the file or folder, this is fine. Just send the archive to the recipient. Assuming they have 7-zip or a similar program on their system (and you securely conveyed the password to them somehow), they will be able to unzip the archive, then double-click the file to enter the password in a dialog box like this one:

Once they do that, the operating system should open the file in whatever app is appropriate, and the recipient can view it, or save it, or do whatever is necessary with it. Note that they will still have the encrypted files on their system as well.

If you created the archive to protect the files or folders on your system, you should skip down to the section titled, Eliminate any possible unencrypted copies of the file once you are done encrypting files and follow the instructions there to make sure no unencrypted copies of things are lying around where some snoop can find them.

Some applications now have options to encrypt the types of files they themselves use. For example, Microsoft Word can encrypt Word files, and Adobe Acrobat can encrypt PDF files. Well demonstrate this below.

Lets use Microsoft Word to show how it is done by encrypting a simple Word document.

From now on, the only way to view this document will be by entering the password when prompted from within a Microsoft Office application that supports the unencrypted file type. But please see the next section to eliminate any possible unencrypted copies of the file on your computer.

If you use 7-zip or Microsoft Office to encrypt files, it is likely that Windows 10 still has one or more temporary copies of the unencrypted files stashed on the disk. To be safe, you will want to delete all temporary files once you are done encrypting things.

When it comes to disk encryption on Windows 10, BitLocker Device Encryption is the tool that Microsoft provides. Built into Windows 10 Pro and Enterprise, BitLocker Device Encryption does exactly what it sounds like it encrypts all the storage devices in your system.

This sounds ideal, but there are some drawbacks to using BitLocker.

Happily for us, there is a great alternative available. Called VeraCrypt, it addresses all of the drawbacks we just saw:

VeraCrypt is Free, Open Source Software (FOSS), which we really like. Without getting into the OpenSource vs Proprietary software argument that plagues the computer world, from our perspective, FOSS software is generally considered more secure, and of course is free to use. Once VeraCrypt is installed, all you need to do is enter your VeraCrypt password whenever you start the computer.

Given all that, you know where were going with this. In the following section well walk you through installing VeraCrypt on one of our lab machines. Ready?

While installing VeraCrypt is much simpler than the alternative, there is more to it than just launching an installer and pressing Okay a few times. And if you mess up, there is a chance you will lose files or even access to the entire disk drive.

We suggest you read through the instructions that follow before starting the process. If you are not confident you can complete the steps shown, or if you have a bad habit of losing important passwords, it is better to skip this type of encryption.

Here are the steps to install VeraCrypt on Windows 10:

Encrypting important information is one of the best things you can do to protect yourself from everyone who is trying so hard to get their hands on your personal information.

In this guide we covered techniques that Windows 10 users can use to encrypt individual files, folders, and entire drives on their Windows systems. While no one can guarantee that your data will be 100% safe against any and all attacks, the simple act of encrypting your most important data can make a big difference.

Masthead credit: eamesBot

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