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Cryptography News
Coindoo
2w
139
Image Credit: Coindoo
Kaspersky Uncovers New Malware Stealing Crypto Wallets via Mobile Photos
- Kaspersky uncovered a new malware called SparkKitty that steals crypto wallets via mobile photos.
- The malware scans photo albums in smartphones for wallet recovery phrases.
- It looks for screenshots of 12- or 24-word seed phrases used to back up wallets.
- Once detected, SparkKitty can extract and transmit these credentials to attackers.
- The malware spreads by masquerading as legitimate mobile apps like '币 coin' and 'SOEX'.
- '币 coin' was on the Apple App Store, while 'SOEX' was on Google Play.
- Kaspersky notified Google and Apple, leading to the removal of the malicious apps.
- SparkKitty is linked to SparkCat and has been targeting users since early 2024.
- It mainly affects users in China and Southeast Asia but poses a global threat.
- Kaspersky advises crypto users not to store sensitive data in unencrypted photo albums.
- Users should be cautious of apps with unclear origins, even on official app stores.
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Coindoo
2w
305
Image Credit: Coindoo
Ledger Launches ‘Recovery Key’ to Simplify Crypto Wallet Access and Backup
- Ledger has launched a 'Recovery Key' to improve user experience in crypto wallet access and backup.
- The new feature is designed for Ledger's Flex and Stax devices, allowing users to recover wallet access quickly by tapping the Recovery Key card and entering a PIN.
- The technology uses secure element infrastructure and connects via offline NFC for enhanced security.
- As global crypto adoption grows, Ledger believes traditional seed phrase recovery methods are becoming less practical, leading to the introduction of the Recovery Key.
- Users can generate secure backup keys in addition to their original seed phrases, ensuring offline, PIN-protected storage on durable hardware.
- The Recovery Key creation is optional, manually approved on Ledger devices, allowing flexibility in managing access and redundancy.
- Ledger's initiative aligns with the industry's focus on user-friendly yet secure self-custody solutions, bridging decentralization and convenience.
- Ledger aims to enhance security as the crypto ecosystem evolves.
- The Recovery Key is a step towards improving user experience while maintaining self-custody.
- The technology is available for Ledger's Flex and Stax devices, which feature e-ink touchscreens for easy recovery.
- Users can create backup keys in addition to seed phrases for enhanced security and redundancy.
- Recovery Key creation is optional, allowing flexibility in managing access.
- Ledger's move reflects the industry trend towards secure self-custody solutions.
- The Recovery Key simplifies crypto wallet access and backup procedures.
- Ledger's innovation addresses the need for improved security in the evolving crypto landscape.
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Coindoo
2w
327
Image Credit: Coindoo
Digital Asset Secures $135M to Expand Privacy-Focused Canton Blockchain for Institutions
- Digital Asset has secured $135 million in funding led by DRW Venture Capital and Tradeweb Markets, with participation from key players in traditional finance and crypto.
- Participants in the funding round included BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial, and Paxos.
- The funding reinforces Digital Asset's position in the intersection of capital markets and Web3 innovation.
- Digital Asset's ecosystem centers around the Canton Network, a blockchain platform with configurable privacy for enterprise use.
- Institutions like Goldman Sachs and BNY Mellon are already exploring tokenizing real-world assets on the Canton Network.
- The funding milestone validates the vision of a privacy-enabled public blockchain for institutional adoption, according to CEO Yuval Rooz.
- Canton supports various asset classes and will leverage the funding to onboard more institutions and tokenized products.
- Digital Asset's focus on enterprise-grade privacy and compliance-ready infrastructure could drive mainstream financial integration of blockchain technology.
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Zycrypto
2w
135
Image Credit: Zycrypto
Stably Unveils Stablecoin Development & Advisory Services for Institutions & Enterprises
- Stably, a stablecoin development and advisory firm, is offering services to help institutions and enterprises create their own branded stablecoins.
- The company has been involved in stablecoin issuance and SCaaS since 2018, specializing in Stablecoin-as-a-Service solutions.
- Stably collaborated to introduce the world's first subsidized stablecoin with dTRINITY, aimed at transforming credit markets with interest rebates for stablecoin borrowers.
- They provide SCaaS solutions, including custom development, advisory services, and integration with partners like Bridge and Frax.
- Major companies like Amazon, Walmart, and JD.com have shown interest in developing private stablecoins to tap into the growing stablecoin market, projected to reach $3.7 trillion by 2030.
- Stablecoins are favored for reducing payment friction, enabling faster, cheaper, and borderless transactions, increasing global market access and opportunities.
- Stably leverages its experience to support compliant, fiat-backed stablecoin launches with services spanning issuance, orchestration, DeFi integrations, and more.
- The company offers chain-agnostic issuance, traditional orchestration, fiat on/off-ramps, and various business supports for stablecoin issuers.
- Stably caters to a wide range of potential stablecoin issuers, from financial institutions to non-financial enterprises like retailers, F&B chains, and telecoms.
- Stably's CEO highlighted key considerations for businesses entering the Stablecoin Age to determine readiness for stablecoin adoption.
- The company works with regulated partners to enable rapid branded stablecoin launches and offers infrastructure solutions for in-house stablecoin development.
- Stably provides stablecoin advisory services for clients at various stages, from exploration to market execution.
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Coinjournal
2w
104
Image Credit: Coinjournal
DOGE surges 5.5%. Will it flip Tron’s TRX soon?
- Tron’s TRX recently overtook Dogecoin to become the 8th-largest cryptocurrency by market cap.
- Dogecoin (DOGE) surged 5.5% in the last 24 hours, aiming to overtake TRX after hitting a two-month low.
- DOGE's market cap is $24.3 billion, slightly below TRX's $25.6 billion, indicating a potential flip in rankings.
- DOGE could retest resistance levels at $0.17-$0.18 and potentially reach $0.20 in the near term.
- Technical indicators suggest a bullish trend for Dogecoin, with RSI at 56 and MACD lines showing bullish momentum.
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Coindoo
2w
270
Image Credit: Coindoo
U.S. Spot Ethereum ETFs Surpass $4 Billion in Cumulative Inflows
- U.S. Spot Ethereum ETFs have exceeded $4 billion in total inflows, just eleven months after their launch in July 2024.
- Data from Farside reveals that the Ethereum ETFs saw a significant increase of $100.7 million in inflows on June 23, representing the highest daily inflow in a week.
- This remarkable growth occurred despite ongoing geopolitical tensions in the Middle East, indicating sustained investor confidence in the digital asset.
- Fidelity's FETH fund attracted the most inflows on that day, with $60.5 million, surpassing BlackRock's ETHA fund which brought in $25.8 million.
- Grayscale's ETHE and ETH products also made positive contributions, adding $9 million and $5.4 million, respectively.
- Other Ethereum-based funds did not record any inflows for the day.
- The consistent increase in inflows reflects a rising investor interest in regulated access to Ethereum.
- The news was originally reported by Coindoo.
- ETFs have been successful in attracting significant investments in Ethereum, signaling a growing trend in the digital asset market.
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Coindoo
2w
21
Image Credit: Coindoo
BlockDAG Raises $320M as Pi Network Price Holds $0.50 Before June 28 & Chainlink (LINK) Technical Setup Tests $12.70 Level
- Pi network price faces uncertainty as it dropped to $0.50 amidst a 35% decline this month.
- Chainlink (LINK) technical setup nears a critical $12.70 support level, with mixed signals indicating potential for a bounce or deeper pullback.
- BlockDAG secures $320 million in investment, with its price set to increase from $0.0020 to $0.0030 on June 24, offering a substantial upside potential.
- Over 23.2 billion BDAG coins have been sold, highlighting significant investor interest in the project.
- BlockDAG's engagement is impressive, with over 2 million users mining through mobile apps and upcoming miner deliveries, making it a potential 100x crypto by 2025.
- A major sponsorship announcement for BlockDAG is scheduled for June 30, adding to its growing visibility.
- Chainlink (LINK) faces uncertainty as it hovers around $11.80, with the $12.70 level crucial for determining future price action.
- Pi network price decline is attributed to market selling pressure, with anticipation building for the June 28 Pi Day 2 event and potential updates.
- Both Chainlink (LINK) and Pi network prices are under observation for clearer entry points while BlockDAG emerges as a promising investment opportunity.
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Cryptonewsz
2w
322
Image Credit: Cryptonewsz
Senator Proposes Bill to Ban Presidential Crypto Involvement
- Senator Adam Schiff introduces the COIN Act to ban presidential involvement in crypto promotions and profits.
- The bill targets Trump's $57 million earnings from a DeFi project and aims to prevent officials from leveraging their positions for personal crypto gains.
- The COIN Act proposes a ban on presidents, vice presidents, and their families from endorsing or profiting from crypto while in office.
- It requires disclosure of digital asset sales exceeding $1,000 and includes penalties such as profit forfeiture and up to five years in prison for violators.
- The legislation applies to senior executive officials, members of Congress, and their families.
- Schiff argues that Trump's crypto dealings raise ethical concerns regarding the misuse of presidential influence for personal gain.
- The bill comes after Trump's reported earnings from crypto projects, including a $2.5 billion Bitcoin treasury for Trump Media & Technology Group.
- Critics note Schiff's support for the GENIUS Act, which excluded the president and vice president, as potentially inconsistent.
- Trump's public promotion of crypto ventures has sparked the COIN Act proposal to prevent conflicts of interest in the crypto space.
- The bill prohibits officials from involvement in crypto for 180 days before and two years after leaving office to uphold integrity and faith in the presidency.
- Although the COIN Act is not expected to become law soon, it reflects increasing legislative concern over political interference in the crypto sector.
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Coinjournal
2w
249
Image Credit: Coinjournal
Where is Bitcoin Pepe price headed as crypto markets register major regulatory win?
- The cryptocurrency market surged with total market capitalization rising by 4.4% to $3.26 trillion.
- Bitcoin (BTC) rose to $106,000 before stabilizing around $105,208.
- Ethereum (ETH) surpassed $2,400, while XRP, Solana, and Dogecoin saw significant gains.
- The regulatory front saw a major development, with the US Federal Reserve removing 'reputational risk' from its bank examination framework.
- The move aims to enhance transparency and consistency in supervisory practices.
- The change could impact the crypto industry, especially regarding 'debanking' issues for US-based digital asset firms.
- Bitcoin Pepe, a meme-centric Layer 2 solution on the Bitcoin network, may benefit from the improving regulatory environment.
- The ongoing Bitcoin Pepe presale has raised over $15.4 million, with plans for listings on MEXC and BitMart exchanges to enhance credibility.
- Bitcoin Pepe seeks to blend meme culture with blockchain utility, offering innovation alongside sentiment in the digital asset space.
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Coinjournal
2w
231
Image Credit: Coinjournal
XRP price prediction: What next for XRP after breaking above the $2.15 resistance?
- Ripple’s XRP has surged nearly 8% in the last 24 hours, trading above $2.18.
- XRP could potentially rally towards $2.33 after surpassing the $2.15 resistance level.
- XRP is performing well due to strong market conditions and technical indicators.
- The coin's recent rally is attributed to President Trump's ceasefire announcement between Israel and Iran.
- Analysts are optimistic about XRP reaching new highs.
- XRP's 4-hour chart shows bullish signs with the MACD and RSI indicators indicating buying pressure.
- The next resistance level for XRP is at $2.33.
- If the bullish trend continues, XRP could target $3.0064 and potentially reach $3.2.
- The future price movement of XRP is heavily influenced by events in the Middle East.
- A sustained ceasefire could lead to further XRP gains, while reversals in events might trigger corrections.
- XRP's performance will depend on ongoing developments in the region.
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Coinjournal
2w
109
Image Credit: Coinjournal
Best crypto presales to buy as major fund reportedly eyes crypto investments
- Bitcoin Pepe, an emerging crypto asset, has seen significant gains, with a presale raising over $15.4 million and listings on MEXC and BitMart.
- The crypto market saw a 4.4% increase to $3.26 trillion in total market capitalisation as geopolitical tensions eased.
- Bitcoin and Ethereum rebounded following a ceasefire announcement in the Middle East.
- Institutional adoption of crypto is increasing, with firms like VMS Group planning to invest $10 million in crypto strategies managed by Re7 Capital.
- Bitcoin Pepe is gaining attention from risk-oriented investors, benefiting from the market's momentum.
- VMS Group's shift to crypto investments represents a strategic move as Hong Kong's regulations attract more investors to digital assets.
- Bitcoin Pepe, a meme coin, is blending meme appeal with Layer 2 infrastructure on the Bitcoin network.
- The ongoing presale for Bitcoin Pepe has raised over $15.3 million, with expectations for a price increase once it hits $15.54 million.
- An additional listing announcement for Bitcoin Pepe is anticipated on June 30, generating further investor interest.
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Cryptopotato
2w
231
Image Credit: Cryptopotato
3 Things to Watch in Hyperliquid’s Price Today
- Hyperliquid's price found support at $32, but sellers are active.
- Key support levels are at $35 and $32, while key resistance levels are at $37, $42, and $46.
- The price had a strong bounce off the key support level at $32, with buyers trying to confirm $37 as a new support.
- If $37 support is lost, buyers might retreat to $35 and $32.
- The correction in price may not be over if sellers manage to halt the price at $37, indicating a potential downtrend continuation.
- Buyers need to defend $32 and create a higher low to facilitate a major price reversal.
- Buyers are showing signs of returning as the daily MACD histogram is making higher lows, suggesting potential buyer momentum.
- However, it is still early to confirm a price reversal as the MACD moving averages remain bearish.
- It is best to allow more time for the price to establish a bottom in the current conditions.
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Cryptopotato
2w
379
Image Credit: Cryptopotato
Discover How Coinzilla Powered Bitget’s Performance in Web3
- Bitget partnered with Coinzilla to boost platform activity by 120% in just one month through targeted placements and real-time optimization.
- Coinzilla helped Bitget accelerate market expansion by providing a performance-first strategy focused on scaling fast and reaching the right audiences.
- Coinzilla leveraged its premium network of over 2,000 crypto publishers to ensure maximum relevance and engagement while implementing full-funnel targeting.
- The campaign was managed end-to-end by Coinzilla, with continuous optimization and adjustments to maximize efficiency and impact.
- Results included 75+ million targeted impressions, 120% surge in traffic, and an average CPM of €2.30 being 61% below the finance sector benchmark.
- Bitget scaled across international markets like Spain, France, Italy, Japan, Brazil, and Canada, tailored to regional trends and user behavior.
- The partnership demonstrates how targeted advertising, premium network access, and expert campaign management can drive growth in the crypto industry.
- By February 2025, Bitget saw significant traffic spikes and engagement, showcasing the scalability and success of the campaign.
- The complete Bitget case study detailing the partnership with Coinzilla can be found on Coinzilla's official website.
- Readers are encouraged to follow Coinzilla on Twitter and LinkedIn for updates on trends and success stories in the industry.
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Coindoo
2w
292
Image Credit: Coindoo
US Housing Agency Eyes Crypto Holdings for Mortgages
- FHFA Director Bill Pulte announced a potential shift in how crypto holdings are treated in the traditional housing finance system.
- The review will explore incorporating cryptocurrencies into asset evaluations for federally backed mortgages, impacting Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
- As Bitcoin reaches over $105,000, the proposal marks a milestone in integrating crypto into mainstream financial assessments.
- Mortgage applicants with significant digital holdings could gain better access to federally backed home financing if the proposal succeeds.
- This move reflects the growing recognition of crypto as a legitimate store of value.
- Details on the timeline, scope, and specific digital assets to be included in the evaluation remain undisclosed by FHFA Director Pulte.
- The impact of crypto volatility and custodianship on mortgage underwriting is yet to be clarified.
- The study's outcome could reshape how homeownership is financed in a digitizing economy.
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Coindoo
2w
309
Image Credit: Coindoo
Analytics Firm Issues Whale Activity Warning as Crypto Recovers from Geopolitical Jolt
- On-chain analytics firm Santiment warns of potential price swings for altcoins despite the recent relief rally.
- Santiment has flagged over $1 million whale transfers to exchanges for tokens like PAX Gold, Space ID, Gala, Aethir, and Pendle.
- Large whale transactions to centralized exchanges may indicate preparation for sell-offs or rebalancing of holdings.
- Historically, such movements precede short-term price volatility.
- Santiment advises traders to monitor PAXG, ID, GALA, ATH, and PENDLE closely for near-term selling pressure.
- Altcoins face short-term risks as large-scale wallet movements signal potential repositioning by major holders.
- Bitcoin and Ethereum are showing signs of stabilization, but certain altcoins may still experience turbulence.
- Tracking wallet movements remains crucial during geopolitical and macroeconomic uncertainties.
- Santiment's alert emphasizes the need to monitor whale activity for informed trading decisions.
- The warning comes as the crypto market recovers from recent geopolitical tensions.
- Analysis of on-chain data can provide insights into potential market trends and movements.
- Whale activity in altcoins could lead to increased volatility in the short term.
- The importance of vigilant monitoring during periods of uncertainty is highlighted by Santiment's observations.
- The post was originally published on Coindoo, focusing on the implications of whale activity amid the crypto market recovery.
- Crypto investors are advised to stay cautious and informed given the potential risks highlighted by Santiment.
- Be prepared for potential price fluctuations as major holders make significant transfers to exchanges.
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