Day: January 20, 2024

Trezor reveals 66,000 users could face phishing attacks

The security incident happened on January 17, 2024, Trezor disclosed in a blog post published on January 20.
It involved a third-party support ticketing portal that Trezor uses.
Contact details included names and email addresses for up to 66,000 users were compromised.

Hardware wallet Trezor has announced that a security breach at a third-party support portal may have exposed up to 66,000 users. Investigations and an audit of the incident indicates that contact details likely exposed are limited to email addresses and user names /nicknames.

 “On January 17th, 2024, 20:20 CET, we identified unauthorized access to the third-party support portal we use. This breach occurred at the level of that third-party service provider we are currently engaged with,” Trezor noted.

The breach could expose the 66,000 contacts that had interacted with the hardware wallet maker’s customer support since December 2021 to potential phishing attacks.

Although unconfirmed, we consider it our responsibility to inform our affected users of the possibility of their contact details having been exposed, and at risk of a phishing attack,” Trezor added of the incident.

According to Trezor, 41 users have received emails asking for recovery seeds. However, no user wallet has been compromised. 

Screenshot of one of the emails sent to users. Source: Trezor

Trezor has also contacted eight individuals that created accounts on Trezor’s trial discussion platform. The compromised third-party vendor hosted this particular platform.

The post Trezor reveals 66,000 users could face phishing attacks appeared first on CoinJournal.

3 reasons Memeinator (MMTR) can be the next big thing in crypto

Memeinator has grown rapidly, raising over $3.8 million from investors.

It aims to take advantage of artificial intelligence (AI) and meme coin hype.

It will also benefit from the ongoing crypto and risk assets demand.

The cryptocurrency industry has grown rapidly in the past fifteen years, with its market cap rising from zero to over $1.8 trillion. This growth has been driven mostly by retail investors as regulatory challenges have hindered large institutions from buying coins like Bitcoin and Ethereum. This article explains why Memeinator (MMTR) could be the next big thing in crypto.

Memeinator and the AI hype

Memeinator is an upcoming meme coin that aims to be a better alternative to the likes of Bonk, Pepe, Shiba Inu, and Dogelon Mars. Its key advantage is that it will incorporate the concept of artificial intelligence (AI) that is booming globally. 

Just this week, most conversations at the World Economic Forum (WEF) were about AI. In the same week, Taiwan Semiconductor published strong results, that pushed its stock parabolic. AMD and Nvidia share prices jumped to a record high in a sign that the industry is gaining steam.

Some of the top AI-focused cryptocurrencies like Fetch.ai (FET) and SingularityNET (AGIX) have done well since 2023. Therefore, there is a likelihood that Memeinator will join them when it launches in the next few months.

Memeinator will mostly use its in-built AI capabilities for marketing purposes as it seeks to build and boost its online presence. 

It is already gaining hype

The other reason why Memeinator is set to be the next big thing is the hype it has generated so far. For example, data from its website shows that it has already raised over $3.8 million from global investors in the past few months. This makes it one of the most successful token sales of the recent past.

It is not clear how many people have invested in MMTR. However, a look at the website shows that over 408k people have entered its Virgin Galactic competition. In this, a lucky winner will have a chance to go to space using Richard Branson’s company. It will start its space tourism trips in 2026. 

The most successful meme coins are those that have hype. For example, the reason why Pepe and Bonk became very successful is that they had millions of fans when they launched.

Memeinator staking and macro

Further, Memeinator will likely do well because of its staking features. Staking allows people to generate returns simply by holding a token. Some of the popular tokens that have staking features are Sui and TezosWhen done well, it becomes possible for people to generate substantial returns through the token price appreciation and the staking value. 

In addition, there are signs that this will be a good year for cryptocurrencies. Besides, the SEC has already accepted a spot Bitcoin ETF while the Fed has signaled that it will deliver at least three rate cuts. Also, stock indices like the S&P 500 and Nasdaq 100 have jumped to a record high, which is a sign that there is a demand for risky assets.

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UNIBOT price outlook as Bitbot presale gathers pace

Unibot price outlook as new Telegram trading bot Bitbot hits presale stage
UNIBOT trades around $89 on January 20, down from highs of $236 in August 2023.
With the token’s early investors seeing 200x following its launch, could Bitbot prove a better buy in 2024 given its advantages over Unibot?

New Telegram trading bot Bitbot (BITBOT) launched its presale as anticipated earlier this week. It is currently attracting huge interest as the raised amount surpasses $147k in just three days. 

Meanwhile, Unibot (UNIBOT), one of the popular Telegram-based crypto trading apps, is looking to bounce after hitting lows of $74.73 on January 19.

Here is Unibot’s price outlook as the market eyes fresh momentum following this week’s struggles. But could Bitbot’s explosive start to the presale be a precursor of its eventual dominance of the space?

What is Bitbot?

Bitbot is a Telegram trading platform that offers the world’s first non-custodial crypto trading bot. What this means is that unlike other trading apps on Telegram, Bitbot will not hold or store its users’ crypto.

This all boils down to security, which is a priority following recent compromises, including those that involved Unibot and Banana Gun. Bitbot’s non-custodial design, which taps into MPC wallet security of decentralized digital asset custody provider Knightsafe, is currently not available via any other Telegram trading bot.

By tapping into MPC Custody, the bot ensures a keyless management system where control over assets remains with the trader. Also key is the anti-MEV and anti-rug tools that provide a further shield against monitoring bots and potential scams.

Apart from top-notch security, the Solid Proof audited project also offers access to copy trading, yield optimization and automated sniping. With such tools at a trader’s disposal, anyone can now take advantage of the opportunities available in the crypto trading market.

Bitbot presale is live

After a long wait for its presale debut, Bitbot hit the market on January 17, 2024, debuting its BITBOT token sale at $0.01.

The amount raised has quickly shot past $100,000 as early adopters signal the industry’s confidence in the trading bot’s technology, features and potential. Unibot has a total supply of 1 billion tokens, 300 million of which will be available to presale participants across 15 stages. 

Currently, the raised amount has reached $149,000 and could soon hit stage 1 milestone of $200k. The project targets $4.32 million.

Unibot price prediction

Telegram crypto trading bots currently have a total market cap of $420 million. Unibot currently accounts for $89 million, up from the lows of $39 million reached following a hacking incident in October. Unibot’s market cap was $200 million a few weeks before the exploit.

Unibot is looking to recapture this, but price currently hovers near $88.90 on January 20, 2024. 

However, the trading bot’s expansion to the Solana blockchain has coincided with a boom in meme coins on the network. User numbers and trading volume has spiked in recent weeks to suggest an uptick in the market could see UNIBOT price reclaim support above $100.

According to data from CoinGecko, the Unibot’s token reached an all-time high of $236 in August 2023.

Could Bitbot be a better buy in 2024?

When it launches in the market at the end of its presale phase, Bitbot will not just bring self-custody trading to users; it will offer access to a range of features and opportunities that could see it swiftly become the most popular Telegram trading app.

With early Unibot adopters having seen gains of more than 200x as price reached its ATH and market cap surpassed $200 million, a similar trajectory could be seen with BITBOT.  

Bitbot’s launch amid the bull cycle could also be the perfect timing. Traders have a chance to position themselves for the investment potential that holding the native BITBOT token brings. With Telegram boasting over 800 million users, Bitbot’s launch on the messaging platform could see it challenge Unibot.

Learn more about Bitbot here.

The post UNIBOT price outlook as Bitbot presale gathers pace appeared first on CoinJournal.

Nasdaq and Cboe eyeing Bitcoin ETF Options, Pullix’s PLX presale nears $4M

SEC nods propel Bitcoin ETF options trading by Nasdaq and Cboe, marking a significant leap in crypto investment avenues.
Nasdaq’s BTC ETF options promise cost efficiency, advanced hedging; Analysts foresee hedge fund influx.
Pullix’s PLX token presale gains traction, introducing a game-changing “Trade-to-Earn” concept, reshaping crypto engagement.

Just when everyone thought that 2024 had seen the most after the recent spot Bitocin ETFs approval by the US SEC, excitement is rippling through the crypto community again as Nasdaq and Cboe gear up for Bitcoin ETF options trading. The two have already filed applications with the SEC and the regulatory authority has recognized the applications.

Simultaneously, Pullix, a hybrid trading platform is promising a new era in decentralized finance.

Nasdaq and Cboe Bitcoin ETF Options trading move

In a screenshot posted on X by James Seyffart, the SEC has already acknowledged the 19b-4s requesting the ability to trade options on spot Bitcoin ETFs.

The SEC has already acknowledged the 19b-4’s requesting the ability to trade options on spot #Bitcoin ETFs. This is faster than SEC typically moves. Options could be approved before end of February if SEC wants to move fast?…

AT ABSOLUTE EARLIEST options still ~27+ days away pic.twitter.com/ohbvHgP2uO

— James Seyffart (@JSeyff) January 19, 2024

Nasdaq’s proposal centres around listing options for BlackRock’s iShares Bitcoin Trust, while Cboe aims to trade options on exchange-traded products (ETPs) holding Bitcoin. Notably, Cboe’s prominent role in launching six of the SEC-approved spot BTC ETFs positions it as a key player in shaping the crypto market.

With positive market responses and efficient tracking of Bitcoin’s price since ETF trading initiation on January 11, options trading is considered the “next logical step,” offering enhanced utility and risk management for investors.

Options trading in BTC ETFs, as proposed by Nasdaq, is hailed for bringing cost efficiencies and advanced hedging strategies to investors. Derivatives provide the right to buy or sell an asset within a specified timeframe, enhancing utility for a broader investor base, including traditional finance sectors.

Analyst Dave Nadig from VettaFi in an interview with CNBC predicted that the introduction of BTC ETF options will attract hedge fund players, fostering increased speculation and diversified investment approaches in the crypto market.

The regulatory waiting game is on, with options approval potentially by the end of February, pending SEC decisions and a 21-day public comment period.

Pullix: unveiling Trade-to-Earn model 

Amidst the crypto fervour surrounding Biotin ETFs, The upcoming Pullix trading platform takes centre stage with its innovative model. Pullix introduces a unique “Trade-to-Earn” concept, allowing users holding its native token, the PLX, to earn instant rewards for trading on the platform.

The PLX token’s main USP lies in its revenue-sharing mechanism, enabling holders to profit from the daily revenues generated by the trading exchange. This game-changing approach combines active trading with a guaranteed fixed income, setting Pullix apart in the rapidly evolving crypto space.

The token is currently in its sixth presale stage and is already showing signs of massive support from crypto enthusiasts. At press time, the presale had raised close to $4 million with only five stages sold out.

To participate in the presale and acquire the PLX token ahead of the Pullix platform launch, which is scheduled for before the end of January, you can visit the official Pullix Website.

Conclusion

As the crypto market witnesses a transformative phase with Nasdaq and Cboe expediting options trading on Bitcoin ETFs, Pullix’s PLX presale adds another layer of excitement, introducing a “Trade-to-Earn” model that could redefine user engagement in decentralized finance.

Investors and enthusiasts alike are closely watching these developments, eagerly anticipating the impact on investment strategies and the broader adoption of cryptocurrencies. The convergence of innovative trading platforms and tokenomics marks a significant chapter in the evolving narrative of digital assets.

The post Nasdaq and Cboe eyeing Bitcoin ETF Options, Pullix’s PLX presale nears $4M appeared first on CoinJournal.


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