Woman sues Apple after loss of her Ripple (XRP) by iPhone app
0 (0)

Apple Ripple XRP

As cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) become more popular, more and more criminals are focusing on stealing them. They do this, among other things, through phishing scams. By tricking a victim into entering sensitive data on a website or app, they gain access to the victim’s cryptocurrencies and get out of the dust with them. Tech giant Apple is now being suedfor offering such an app from criminals in its App Store.

Hadona Diep allegedly lost her cryptocurrency after installing the “Toast Plus” app. The app seemed to be connected to the popular Toast Wallet, but that wasn’t the case. Diep entered her XRP private key and then lost her XRP. Attorney Joshua Whitaker represents Diep in the case, arguing that the App Store’s terms and conditions are not applicable in this case:

“While the App Store has terms and conditions, including limitations of liability, these terms are the product of liability because consumers have no other convenient ways to access applications for iPhones and iPads when they are not using the App Store; therefore, these conditions do not apply to this case.

Diep, who, by the way, is remarkably a“cyber security IT professional,”was convinced that Apple thoroughly checks and controls all applications, and therefore assumed that the app was secure. In the end, it lost 474 XRP worth about €400.

Apple is likely to lead an army of lawyers. Nevertheless, it is an interesting case in terms of the emerging crypto sector, where such things will be more common.

Do you have cryptocurrencies and do you want to make sure you are safe? In this article, you will find three tips that will help you keep your cryptocurrency safe. Unfortunately, the crypto world also holds its dangers. So be prepared!

User Rating

Visa Buys NFT, El Salvador Prepares to Launch Bitcoin (BTC) and More News This Week
0 (0)

Visa buys NFT

It’s Sunday and so we can look back on a week with a lot of crypto news! Non-fungible tokens (NFT) were again frequently seen, and there were also some interesting developments in Bitcoin (BTC). In this article, you will find an overview of the most important newspublished on Crypto Insiders.

Visa joins the NFT craze

The NFT craze is in full swing and with it the new prices for these digital collectibles are skyrocketing. We see more and more often that big names either sell or buy NFTs. Earlier this week, the big payment giant Visa was in the news in this regard. This company has bought a CryptoPunk NFT.

This was CryptoPunk #7610, one of the 10,000 unique CryptoPunks (and one of 3,840 female ones). CryptoPunks are so-called non-fungible tokens (NFTs) in the Ethereum (ETH) network. Read more about this message in this Twitter post:

El Salvador prepares for a big Bitcoin move, Cuba is switching to Bitcoin

El Salvador made big headlines when it decided to accept Bitcoin as legal tender. On September 7, the law comes into force, and the country is preparing for this moment. Among other things, Bukele, the country’s president, announced that the government is currently setting up 200 Bitcoin ATMs, also known as “BATMs.” Bukele calls these BATMs the “Cajeros Chivo”. The President also made some other interesting statements.

Cuba also seems to be warming up to cryptocurrencies. The central bank and government of Cuba have announced that they want to recognize and regulate cryptocurrencies. This could be an important support for the country, as Cubans abroad can more easily send money into the country.

Big money continues to buy Bitcoin

Meanwhile, major investors continue to buy crypto currencies. MicroStrategy, for example, has invested another $177 million in Bitcoin:

This company has been buying Bitcoin regularly for a long time, so it’s no longer any particular news. Meanwhile, about 4% of the total Bitcoin stock is in the hands of companies and asset managers. Among other things, an investment in Immediate Advantage as a still very new technology is to be in the room.

User Rating

Google removes fake crypto mining apps from Google Play Store, how to detect fake apps?
0 (0)

Google Mining Apps

Some time ago, it became known that many people fall for certain rogue apps for Android phones. Cybersecurity firm Lookout revealed that it has tracked down at least 172 apps that deceive users. Although measures have already been taken to remove these apps from the Play Store, Google is still battling the consequences.

Eight more apps will be banned

This time, Google has banned eight more apps from the Google Play Store. Again, these are crypto mining apps that don’t keep their promises to users. Many of these fake crypto mining apps require users to pay for the service, but the apps simply don’t mine cryptocurrencies. So for users, this is a complete waste of money.

The promise of a cloud mining service is not kept. For this reason, Google has removed and banned the apps. These are the following applications: Bitfunds, Bitcoin Miner, Bitcoin (BTC),Crypto Holic, Daily Bitcoin Rewards, Bitcoin 2021, MineBitPro and Ethereum (ETH).

These applications were identified by cybersecurity company Trend Micro. While removing these rogue apps is a good move, Trend Micro notes that there are still at least 120 similar apps available on the Google Play Store. So there is still a lot to do for Google.

In addition, Trend Micro states that at least 4,500 users have fallen victim to these fake applications. Often they paid for a service, but ultimately received no consideration.

How to avoid fake apps?

Trend Micro gives some tips on how to avoid becoming a victim of such applications. First of all, it is important to read the reviews in the Google Play Store. Even though many 5-star reviews may be fake, there is always something to learn from these reviews. If there are many 1-star reviews, these often come from legitimate users with bad experiences.

Another way to checkif an app has bad intentions is to enter a wrong wallet address. If it is a legitimate app, the wrong address will not be accepted. However, it turns out that the fake applications simply go along with this.

The fact is that there are still a large number of fake apps in the Google Play Store. So be very careful when choosing an app that promises to mine crypto on an Android phone.

User Rating

Bitcoin (BTC) and cryptocurrencies the future? The majority of executives say yes, according to a Deloitte study
0 (0)

Deloitte Bitcoin

According to a Deloitte survey, the future of the cryptocurrency world looks bright. According to the study, an overwhelming majority of executives of large companies believe that digital assets will become an important part of the global financial system.

End of physical money in sight?

In the study, Deloitte surveyed the executives of around 1,000 companies about cryptocurrencies. 80% of respondents believe that digital assets will be an integral part of the financial world within two years. After all, 73% believe that blockchain technology will be essential for future competitiveness.

Even more remarkably, 76% of respondents believe that fiat currencies need to make way for digital currencies within five to ten years. Some even say they wouldn’t be surprised if the era of physical money came to an end.

Shift in the financial ecosystem

According to Linda Pawczuk, an expert on blockchain and digital blockchain and digital currencies at Deloitte, this is typical of the change that has been underway for several years.

“Over the past year, we have seen a significant shift in the way the financial ecosystem is thinking about new business practices driven by digital assets and how they will play an important role in financial infrastructure.
Executives of financial institutions such as banks were also surveyed. Around 76% of financial institution executives fear that their business will fall behind if they don’t quickly adopt blockchain technology and digital currencies.

Finally, 43% believe that their companies should create the opportunity to pay with cryptocurrencies as soon as possible. Trading venues or software systems such as Bitcoin Era or Immediate Edge are also still seen as growth drivers.

Despite this positive attitude of the top executives towards blockchain and crypto, there are also some areas where improvements are possible. For example, 71% believe that safety in this new innovative sector still leaves much to be desired. In addition, restrictive regulations give many people a slight headache.

User Rating

Litecoin price analysis: LTC is about to rise 26% towards $200
0 (0)

Litecoin price development

Market

Optimistic market sentiment and a surge in new addresses could trigger a new surge in Litecoin prices

Litecoin, as well as most other altcoins, saw a huge bounce this past weekend as LTC bulls mirrored the great performance of Bitcoin and Ethereum. While the BTC price hit the $45,000 mark for the first time in over two months, Ethereum’s successful London hardfork caused the ETH/USD trading pair to break through the $3,000 mark.

Litecoin also closed above the $150 level, marking the first two consecutive daily closes above that mark since June 20.

LTC is trading at around $149 at the time of writing, which is slightly lower as profit taking seems to be limiting early morning trading this Monday.

However, once the bulls resume the uptrend, the price could rise 26% to an important resistance.

Litecoin price outlook

The Litecoin price is trading back above the 50-SMA line after a bounce off a low of $104 prompted Litecoin buyers to break through resistance at $138. This rally confirmed the pattern of a double bottom, and the consolidation above the 50 SMA gave the bulls a chance to make a move above the $147 resistance line.

Price has turned back down after rallying to a 7-day high of $157, but a clear daily close at or above $150.79 should allow LTC bulls to make further gains towards the flat 200 SMA at $191.18.

If the LTC/USD trading pair breaks this price barrier, buyers could see a 26% price change from the current price level.

This prospect is likely to spur the bulls and trigger renewed interest at the $200 level, giving buyers the opportunity to breach the $200 level and even the 38.2% Fibonacci retracement level of the swing from 301.79 to 104.07 at $226.26.

Litecoin Forecast August 2021

LTC/USD Daily Price Chart. Source: TradingView

The Litecoin price could also fall below the 78.6% retracement level at $146.39. Buyers will be in control if they can maintain this level and look for new upside prices. As seen on the price chart above, the daily RSI of above 50 supports the possibility of such an immediate rebound.

However, a move lower would expose LTC to a downtrend, indicated by the sloping 50-SMA curve at $133.83, with a loss likely bringing the support line at $104.07 back into focus.

User Rating

ADA, DOGE and FAT price analysis: bullish week can end with losses
0 (0)

ADA, DOGE and FAT price analysis: bullish week can end with losses

The crypto market posted a bullish week, but DOGE, ADA and VET could still post losses as the weekend approaches

The crypto market experienced a positive week in which Bitcoin climbed back above the $29,000 region, reaching the $32,000 mark. Ether also performed well, surpassing the $2,000 mark after falling below $1,700 in recent days.

Of the three cryptocurrencies we cover in this article, Dogecoin is the biggest winner this week with a price increase of more than 6%. Cardano and VeChain rose less than 1% last week. However, these cryptocurrencies look bearish again over the weekend, even as the recent market rally cools.

ADA Price Outlook

ADA remains the fifth largest cryptocurrency in terms of market cap and hasn’t done very well this week. The ADA/USD 4-hour chart currently shows a declining picture, although the price has risen by 0.45% in the last 24 hours.

ADA price July 2021

ADA/USD 4-hour price chart. Source: Coinalyze

Should there be a market-wide rally, ADA could overcome resistance at $1.212 over the weekend. An extended rally could even bring the first major resistance at $1.281 into focus. However, should the market continue its downward trend, ADA risks losing the $1.14 support level. The $1.03 support level should be able to limit a possible negative trend unless there is a massive sell-off from the broader market.

DOGE Price Outlook

DOGE is the biggest winner of this week with a price increase of over 6% last week. Should the bullish momentum continue over the weekend, the DOGE/USD trading pair could cross the $0.20 mark and target the first major resistance at the $0.30 mark. DOGE could exceed the $0.35 region in the event of a sustained market recovery.

DOGE price July 2021

DOGE/USD 4-hour price chart. Source: Coinalyze

However, it is currently down about 1% and should this downward trend continue, DOGE could lose support at $0.18 again. A sustained sell-off in the market could even drop DOGE to its weekly low of $0.1599. However, it should be able to defend the $0.16 support area unless bearish sentiment in the market intensifies.

By the way, crypto assets can also be easily automated. With trading bots such as Bitcoin Era or Bitcoin Evolution, this is no longer an issue.

VET price outlook

VeChain has also not performed very well this week, despite the rally of the broader crypto market. The 4-hour chart of VET/USD is currently declining, suggesting that the cryptocurrency could suffer further losses over the weekend.

VET price July 2021

VET/USD 4-hour price chart. Source: Coinalyze

Unless there is a market recovery, VET could fall to the $0.60 mark in the coming hours. However, the cryptocurrency should be able to comfortably defend the $0.57 support level unless there is a prolonged sell-off.

However, the first major resistance point at $0.072 would come into focus if VET could reverse the trend. However, the resistance level above $0.078 would make a further rise quite difficult unless there is a sustained market recovery.

User Rating