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Fake Curve Finance app scams users, tops global finance charts
A fake Curve Finance app has infiltrated Apple’s app store, gaining popularity despite warnings from the community.
A counterfeit application posing as the decentralized finance (DeFi) platform Curve Finance has gained traction in the Apple app store, ranking among the top 100 finance apps on Oct. 26.
Despite being flagged by multiple users as a scam, the app is trending in regions including Europe, Latin America, New Zealand, the United States and Southeast Asia, putting unsuspecting users at risk.
However, the app’s poorly crafted store description could still impact vulnerable users. It states: “Curve defi v3 is an amazing app. Arrange the blocks to make a perfect row and clear it!”
The fraudulent app, dubbed “Curve defi v3” and developed by “Tao Duong Van,” misleads users by mimicking the Curve Finance logo and functionality of the legitimate Curve platform.
The app claims to offer features like token swaps, liquidity staking and DeFi services, but all reviewers have reported it as one out of five stars and have stated “scam” or “hacker” in written reviews. Read More
Metaplanet Stock Jumps 8% as Firm's Bitcoin Holdings Swell to $69 Million
The announcement, made during Asia's early trading hours, has fueled an 8% rally in Metaplanet's stock as its Bitcoin holdings top 1,000.
Metaplanet’s total Bitcoin holdings surpassed 1,000 following its latest acquisition on Sunday as it continues to round out its October spending spree in the world’s largest crypto.
The Tokyo-based firm has picked up just over 156 BTC for approximately $10 million, bringing its total holdings to 1,108 ($69 million), it disclosed.
Dubbed "Asia's answer to MicroStrategy," Metaplanet is positioning itself as the “pioneer in the adoption of digital assets in Japan," which began holding Bitcoin on its balance sheet in April.
The announcement fueled an 8% rally in the company’s stock in the early Asian trading hours, with its share price trading at 1,139 JPY (US$7.41), according to Google Finance. Read More
Tether and Coinbase Unveil Tools for Private AI and Autonomous Blockchain Agents
Tether and Coinbase are diving deep into artificial intelligence (AI), each unveiling new tech designed to bring enhanced privacy and onchain autonomy to the blockchain world.
At the Lugano Plan ₿ conference, Ardoino showcased Tether’s latest venture into AI—a modular AI software development kit (SDK) that emphasizes data privacy and universal accessibility. Named the Local AI development kit, this toolkit allows developers to create private, peer-to-peer AI applications that can run on nearly any device, from low-cost mobile phones to high-end mainframes.
Built on Bare, an open-source, lightweight Javascript runtime that functions similarly to Node.js, Tether’s SDK aims to provide developers with a familiar yet versatile environment. Bare’s architecture supports asynchronous and event-driven operations but prioritizes broad device compatibility, allowing developers to write code that runs seamlessly across various platforms. This means that applications built with Tether’s SDK can operate on anything from smartphones and laptops to smart home devices, according to Ardoino.
Ardoino stated that Tether’s Local AI kit is highly modular and supports multiple models, such as Marian and Llama, enabling a tailored approach to various AI functions. Read More
CryptoQuant CEO Says Satoshi’s Vision for Bitcoin To Be Electronic Cash May Be Realized in 2030 – Here’s How
The chief executive of market intelligence firm CryptoQuant says that Satoshi’s vision for Bitcoin (BTC) could come to fruition by 2030.
In a new post on the social media platform X, Ki Young Ju says that the top crypto asset by market cap could start to be seriously considered as a form of digital cash after its 2028 halving when miner rewards are slashed in half.
“By around April 2028, during the next halving, Bitcoin’s potential use as a ‘currency’ will start to be seriously discussed as volatility decreases further and the ecosystem matures…
Satoshi aimed for Bitcoin to be ‘P2P (peer-to-peer) electronic cash,’ not digital gold. His vision may be realized by 2030 through the maturation of Bitcoin’s ecosystem and the reduction of its volatility.”
Ju lists the key factors that will play a role in pushing the crypto king toward becoming a widely used electronic cash. He argues that BTC’s maturation as an asset will decrease its volatility, laying the foundations for Bitcoin to become a means of payment. Read More
The Top Five Cryptocurrency Exchanges by Trading Volume And Its Significance
The world's financial landscape is undergoing a profound transformation, driven by innovative approaches to economic exchange. This shift is influenced by technological progress worldwide and impacts various aspects of society. The traditional boundaries of finance have been erased, as transactions are no longer limited by physical presence or geographical constraints. The nature of commerce has also undergone a significant shift, with the rise of digital assets and the increasing popularity of buying and selling liquid assets that exist solely in the digital realm.
Cryptocurrency is a popular digital asset that is increasingly used for transactions and debt settlement on a global scale. Given the rapid advancements in the crypto industry and the growing government interest, cryptocurrency is anticipated to replace traditional fiat currencies eventually. In addition to serving as a form of payment, crypto tokens can also be exchanged with one another.
The emergence of cryptocurrency trading has given rise to a specialized market that operates through online exchanges. These exchanges facilitate the buying and selling to engage in transactions within the cryptocurrency space. Without these platforms, it would be highly challenging for individuals to participate in the market, highlighting their crucial role in modern finance.
These exchanges, which play a vital role in the cryptocurrency market, can be centralized, decentralized, regulated, or deregulated. A key metric for evaluating their importance is the total trading volume of transactions executed on these platforms over a specific timeframe. Essentially, trading volume gauges the level of market activity, revealing the number of participants engaged in buying and selling and their willingness to take risks on price fluctuations. Read More
Mint Blockchain’s $1.35M grant drives NFT ecosystem growth
Mint Blockchain, an Ethereum L2 network and NFT industry platform, recently earned a significant grant of 750,000 OP tokens (equal to $1.35 million) from Optimism Governance as part of the 28th cycle of Optimism Grants.
Mint Blockchain said on X that Optimism has approved its funding request, giving it the money needed to expand “the Superchain NFT economy.” Mint is the only “Superchain” project funded in the Cycle 28 round, joining other grantees like Uniswap, DelegateMatch, and Scout Game.
“We’re incredibly grateful for Optimism’s support as we work to accelerate NFT innovation and adoption within Mint Blockchain and the broader Superchain Ecosystem,” Mint Blockchain stated in the post.
Mint intends to use these funds to empower builders and onboard new users on the superchain, with more information on its forthcoming efforts to be announced soon.
In a separate X post, Optimism stated that the grant is designed to spur developer growth and user involvement in the Mint ecosystem. The greater goal, it stated, is to promote NFT innovation and acceptance not only inside Mint Blockchain but also across other superchain networks. Read More
Alchemy Pay reveals plans to launch layer-1 blockchain
Alchemy Pay said that users would have the option to pay their gas fees with fiat or its native ACH token.
Crypto payment provider Alchemy Pay announced that it would launch a layer-1 blockchain called Alchemy Chain to support the “growing needs” of its business operations.
In an announcement, Alchemy Pay said the blockchain will be built using a Solana Virtual Machine (SVM) architecture. The company said it would enable interactions between offchain storage and blockchain-based transactions.
In addition, the firm said that its goal is to establish a system where “fiat currencies and cryptocurrencies coexist without friction.”
The company aims to cater to large-scale business applications and plans to integrate layer-2 solutions for account mapping and data synchronization. Read More
What Is The Open Network (TON): All You Need to Know in 2024
Here’s everything you need to know about TON, its ecosystem, internal projects, future plans, and more.
One thing that Telegram mini-games proved is that crypto adoption doesn’t necessarily start by pushing complex technologies and burdensome onboarding processes that considerably hinder user experience.
With just a few mechanics and clear in-game economies and rewards, Telegram-based crypto games made headlines throughout 2024, creating a fuss on social media and contributing a large chunk of growth to Telegram’s user base.
All of this is thanks to The Open Network (TON), one of the largest blockchain ecosystems in the DeFi space. But is it just mini-games? No, it’s a complex system with sophisticated mechanisms tailored to developers’ demands. From liquid staking protocols to building a DAO or a Domain Name Service (DNS), TON has become a Web3 powerhouse.
In the following guide, you’ll learn not only how it works, but also all the key components that sustain the ecosystem and make it unique in the crypto space. You’ll also learn about the most popular DeFi projects and its flagship coin, Toncoin. Read More
Visa and Coinbase partner for instant crypto buys with debit cards
Coinbase and Visa offer customers with eligible Visa debit cards the ability to instantly deposit, withdraw and buy crypto.
Visa users with eligible debit cards will soon be able to instantly deposit and withdraw funds from their accounts with crypto exchange Coinbase, after the two firms announced a partnership.
“Coinbase already has millions of users with a debit card connected to their account,” Visa said in an Oct. 29 statement. Now, United States and European Union customers will get “real-time delivery of account funds for those using an eligible Visa debit card.”
Coinbase customers with an eligible Visa debit card will also be able to purchase crypto on the platform and cash out funds from the exchange to a bank account in real time — depending on the bank and region.
Yanilsa Gonzalez Ore — head of Visa Direct in North America — said the partnership means “those Coinbase users with an eligible Visa debit card know that they can take advantage of trading opportunities day and night.”
The move comes in a lull period for crypto offerings from traditional finance firms after FTX’s massive 2022 blow-up quashed confidence in the sector, tanked crypto markets and led to a banking crisis in early 2023. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
