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Blockchain and Crypto News ⭐ Making Waves

About Cryptocurrency and Blockchain news

We delve into the viewpoints of leading minds from prominent investment enterprises, thriving cryptocurrency exchanges, and astute market analysts, all of whom wield substantial influence over the market's trajectory. Amidst this landscape, expert opinions often dance in discord with tangible market trends. Yet, it remains evident that a significant number of these industry trailblazers manage to paint an insightful picture of the industry's landscape. Hence, we extend our recommendation for a meticulous perusal of the paramount news pieces meticulously curated by our adept authors.

As we traverse this landscape of expert opinions, it's evident that while some predictions mirror market movements with uncanny precision, others deviate markedly. The divergence between forecasted trajectories and realized trends can often be attributed to the intricate interplay of multifaceted factors shaping the cryptocurrency market. It is this dynamic tapestry that both fuels and challenges the accuracy of expert opinions, creating an environment of continual exploration and analysis.

Cryptocurrency, Blockchain, and altcoin news have been making waves in popular news blogs, social media, and news agencies. These topics have become increasingly popular in recent years, as more and more people become interested in the world of digital currencies and decentralized systems.

One of the biggest stories in the world of crypto currency is the ongoing debate over the regulation of digital assets. While some countries have embraced crypto and are working to create regulatory frameworks to govern their use, others are more skeptical and have banned or restricted their use.

Another hot topic in the world of cryptocurrency is the rise of decentralized finance (DeFi) platforms. These platforms use blockchain technology to create financial services that are accessible to anyone with an internet connection, without the need for traditional financial intermediaries like banks. This has the potential to revolutionize the way we think about finance and create new opportunities for people around the world.

In the world of blockchain news, there have been several exciting developments in recent months. The most notable is the rise of non-fungible tokens (NFTs), which are unique digital assets that can be bought, sold, and traded like traditional assets. NFTs have become popular in the art world, where they are being used to sell digital art and other creative works.

Another major development in the world of blockchain is the growing interest in using the technology for supply chain management. Blockchain can be used to create a transparent and secure record of every step in a product's journey from production to sale, which can help to reduce fraud, increase efficiency, and improve traceability.

Finally, in the world of ICO news, there have been several high-profile initial coin offerings (ICOs) in recent months. These fundraising events allow startups to raise money by selling newscrypto coin assets to investors, with the promise that those tokens will increase in value over time. However, ICOs have also been criticized for their lack of regulation and the potential for fraud.

  • Fake-miners for Ripple, Cardano and Tether found on Google Play
2 minutes reading time (346 words)

Fake-miners for Ripple, Cardano and Tether found on Google Play

ICO-NEWS-Fake-miners-found-on-Google-Play Lukas Stefanko | ESET researcher

Fake mining apps for XRP, Cardano (ADA) and Tether cryptocurrency found on Google Play. However, in reality, these applications only pretend that they are mining virtual coins, because from a technical point of view, mining of these tokens is impossible.

Fortinet employees noticed that applications are being promoted on Google Play as a means of mining XRP, Cardano (ADA) and Tether crypto-assets, but in fact, they are used only for displaying advertisements.

For example, in the mining application for the Ripple coin, you can press the "Start" button and the mining will supposedly begin. During the process, even hash rate is shown, and the counter of mined coins slowly increases.

Analysis of the application code shows that this hashrate is a random number and the actual mining of coins does not occur. It is also impossible to withdraw "recovered" funds, since the application shows the message: "Error! Check the address of the wallet.

The company Fortinet argue that the application is used only for displaying advertising. The bet is made that users, hoping to earn by mining, will keep the application open and thus will be able to generate revenue through the constant display of advertising.

It is worth noting that analogues of such applications were known before. In the past, ESET researcher Lukas Stefanko said that he managed to find similar applications, as well as applications for cryptojacking and stealing coins from users' wallets.

Stefanko believes that along with changes in the cryptocurrency market, the number of such applications will gradually grow along with the courses, as there will always be those who want to capitalize on the inexperience of ordinary users.

"Now such applications are not as popular as they were at the end of 2017 or in January 2018. I have long observed and noticed a certain correlation between the popularity of fraudulent applications and the dynamics of the Bitcoin course," says Stefanko. "It is more profitable for fraudsters to develop such applications during the rise of the course and the hype, because people want to get into this topic as soon as possible and don't really understand it." 

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