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TON-based wallet to support crypto assets on Tron
MyTonWallet said it would support TRX, USDT and other crypto assets using the TRC-20 token standard.
One of the wallets available in The Open Network (TON) ecosystem announced that it would support crypto assets on the Tron blockchain.
On Sept. 23, self-custodial wallet MyTonWallet said it would integrate Tron to support assets within its network. This includes the network’s native token, Tron, Tether’s USDt and other tokens using the TRC-20 standard.
The MyTonWallet team said it is the first wallet in the TON ecosystem to integrate Tron-based assets.
The team believes this move “lays the foundation” for blockchain interoperability. MyTonWallet founder Alexander Zinchuk believes managing assets across several chains is very important for users. The executive said:
“Managing assets across multiple blockchains is becoming increasingly vital for users, and this initial integration is just the beginning.”
Zinchuk also said the move will lead to better adoption for the TON ecosystem. “By integrating with other major networks like Tron, we aim to bridge ecosystems and open up the TON network to a broader audience, driving greater adoption and accessibility,” Zinchuk added. Read More
Ethereum is a ‘dictatorship,’ claims Cardano founder Charles Hoskinson
Hoskinson says the Ethereum network is more like a “dictatorship” where Vitalik Buterin exerts too much influence over the development of the decentralized network.
Cardano’s Voltaire-era governance overhaul prevents it from becoming a “dictatorship” like Ethereum and sidesteps the “anarchy” of Bitcoin, its founder Charles Hoskinson said.
Speaking to Cointelegraph at Token2049 in Singapore, Hoskinson attacked Ethereum’s governance model, claiming it relies too heavily on its co-founder Vitalik Buterin for direction.
Hoskinson said that blockchains can elect to keep the protocol forever simple, like Bitcoin, or “pick a king” to run things. However, Cardano’s new governance model solves the “governance trilemma” of “efficiency, effectiveness and integrity” by using delegated representatives and a members-based organization called Intersect to distill complex governance topics down for a vote.
“If you have those three things, then you have a fair shot of avoiding the anarchy of Bitcoin or the dictatorship of Ethereum, and you actually have something that can move forward with one voice, but it’s still decentralized at the end of the day because it represents everybody.” Read More
Email auto-reply vulnerability allows hackers to mine cryptocurrency
Hackers exploit email auto-replies to spread crypto-mining malware, hijacking unsuspecting users’ systems to mine cryptocurrency without their knowledge.
Cybersecurity researchers have discovered a novel method used by hackers to deliver malware for stealthy crypto mining, leveraging automated email replies.
Researchers from the threat intelligence firm Facct reported that hackers exploited auto-reply emails from compromised accounts to target Russian companies, marketplaces and financial institutions.
Using this tactic, the attackers sought to install the XMRig miner on their victims’ devices to mine digital assets.
The security company said it had identified 150 emails containing XMRig since the end of May. However, the cybersecurity firm also said that its business email protection system blocked malicious emails sent to its clients. Read More
Ledger hardware wallet expands crypto buying options with Uphold’s Topper
Topper’s on-ramp entrance to Ledger Live comes at a time when Ledger supports only one off-ramp solution.
Ledger, a leading hardware cryptocurrency wallet provider, is expanding its cryptocurrency purchasing options within its app through a new partnership with Uphold’s Topper.
Ledger has integrated the fiat-to-crypto on-ramp Topper by the United States Web3 financial platform Uphold, the firms announced on Sept. 26.
The integration brings a new crypto-buying option to Ledger’s software, Ledger Live. The application currently features 14 providers offering on-ramp services through the Buy section, Ledger’s vice president of international development, Jean-François Rochet, told Cointelegraph.
“Some partners focus on localized solutions, while others take a global approach. This creates a balanced mix of both local and global offerings for our users,” Rochet noted. Read More
The New Mini Blog Newsfeed Is Here At Markethive! A significant achievement unlocked, with many more to come
The Markethive Social Market Broadcasting Network is rapidly gaining prominence as a blockchain-based ecosystem that empowers entrepreneurs with a unique blend of uncensored expression and impartial dialogue, fostering a spirit of collaboration. This sets it apart from the often divisive and restrictive social media landscape.
At Markethive, your experience is our top priority. That's why we're recognized for our evolutionary and innovative ethos. We consistently broaden our decentralized, all-encompassing platform, creating a distinctive news feed interface that fully captures the user's experience.
We operate as an Inbound Marketing platform similar to Marketo and Paragon. The platform is comparable to popular platforms such as YouTube, Instagram, LinkedIn, and Twitter. However, we aim to surpass these traditional Web 2.0 media platforms with the upcoming release of Markethive 2.0, which includes various new features and an improved layout.
In contrast to traditional social media platforms, which rely on a single, primary news feed algorithmically set by the central authorities, Markethive's innovative approach will incorporate four distinct news feeds tailored to support the diverse range of features and functions within the Markethive ecosystem.
Markethive's feeds, including the Conglomerate or general newsfeed, video content, blogging, and curated content, are all about putting you in control. With advanced algorithms, you can tailor these feeds to your preferences, giving you the power to shape your Markethive experience. Markethive's reach is vast, as it consolidates the various features of other platforms into a single, unified system. Read More
Beyond airdrop hype: How Telegram mini-games keep players engaged long-term
As Telegram mini-games dominate user acquisition, this game aims to solve the drop-off in player retention by integrating an upcoming TPS game.
Addressing player retention issues in Telegram mini-games, TapShot promises a new standard in long-term engagement by offering a rewarding gaming experience.
Telegram-linked blockchain platform The Open Network (TON) saw major growth in 2024 due to its clicker games, which require players to tap the screen to collect rewards.
A pioneer in the field, Notcoin has reached over 40 million users since it was listed on Binance, paving the way for similar mini-games to follow.
The popularity of games like Hamster Kombat and Catizen has propelled the total value locked (TVL) on TON, which has soared by 3,000% year-to-date.
Despite their initial success in attracting users with airdrops, these games face sustainability challenges. Many Telegram mini-games see a significant decline in player numbers once the novelty fades, as their focus on short-term rewards and basic gameplay fails to maintain long-term interest.
The lasting success of Telegram mini-games, which have faltered since the airdrop, depends on their ability to connect with players on a deeper level. Read More
Could Robinhood and Revolut Find Stablecoin Success Where PayPal Stumbled?
If Robinhood and Revolut do make a run at launching a stablecoin, as reported, can they each avoid the same fate as PayPal's PYUSD?
Fintech heavyweights Robinhood, a U.S. investing app, and Revolut, a crypto-friendly neobank based in London, are considering launching their own stablecoins, unnamed sources told Bloomberg this week.
The giants are eyeing the stablecoin market at a time when Tether (USDT), with its $119 billion market capitalization, accounts for roughly 68% of the $173.5 billion category.
With Europe offering clearer regulatory frameworks, the fintech giants could bring a new wave of competition. However, the question remains: Can they break through Tether's dominance, or will they struggle like other giants before them?
Although neither company has officially confirmed their plans, both companies are considering stablecoin issuance, according to a report on September 26. Read More
A Fake Wallet App Was Downloaded 10,000 Times on Google Play
Scammers made off with more than $70,000 before a fake ‘WalletConnect’ app was taken down.
A fake wallet app available for four months on the Google Play Store stole over $70,000 worth of cryptocurrency in a phishing attack before it was shut down. The malware posed as WalletConnect, a popular Web3 protocol, and directed unsuspecting users to a site that tricked them into authorizing transactions, granting access to their funds. In total, the app was downloaded 10,000 times, though only 150 people fell for the ruse, according to a report by Checkpoint Research.
The actual WalletConnect enables secure communication between cryptocurrency wallets and dApps via QR codes, allowing users to approve transactions and interact with dApps without exposing private keys.
“Basic cybersecurity hygiene, even on your mobile devices, is paramount,” Michael McLaughlin, who co-leads the Cybersecurity and Data Privacy Practice Group at the law firm of Buchanan Ingersoll & Rooney. “If you're using a crypto trading platform—and it could be Coinbase, it could be Kraken, it could be any of those— they offer multi-factor authentication even on their mobile applications. And you have to implement them.” Read More
7 confusing crypto terms (almost) nobody understands
The crypto world is full of technical terms, some of which are so difficult that almost no one understands them.
Getting to grips with cryptocurrency isn’t easy. Even after you’ve got your head around Bitcoin and Ethereum and the difference between proof-of-work and proof-of-stake, there’s still a whole new world of terminology to learn and understand.
But even among fairly hardened cryptonians, there are still terms that are difficult to understand. Here are the seven terms that almost nobody in blockchain understands as fully or as deeply as they’d like. 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
