Trezor Warns Users of a Malicious App on Google Play

The malicious Trezor app has been downloaded over 1000 times and may have already caused some serious problems to unsuspecting users. Leading hardware wallet Trezor has warned its users of a malicious app that has been uploaded on the Google play store. Through a tweet posted on Monday, Trezor indicated the malicious application has no affiliation or relation whatsoever with SatoshiLabs or Trezor. Meanwhile, the company reminded its users never to share their seed phrase with anyone unless the Trezor device requests it. Warning to all Trezor owners using Android…

India's Largest Exchange Launches User-Friendly App, Eyes 50M New Users

India’s largest cryptocurrency exchange, CoinDCX, has launched a new app aimed to make it easy to buy and sell bitcoin and other top digital assets in a bid to capture 50 million new users. According to a press release on Tuesday, the exchange’s app offering, CoinDCX Go, provides newcomers to the cryptocurrency space a “quick check-in check-out trading experience.” The app is said to be backed by artificial intelligence-based anti-money laundering algorithms, while users’ funds are secured and insured by global custodian BitGo, a company spokesperson told CoinDesk via email.…

Trezor crypto wallet warns users of doppelgänger scam app on Google Play

Trezor, a major hardware cryptocurrency wallet supplier, has warned its users about a fake Trezor application on Google Play. According to Trezor, the fake app is malicious and has no relation to Trezor or SatoshiLabs, a company that created the Trezor wallet. Announcing the news on Jan. 18, Trezor asked its clients to not install the malicious application, reminding users that they should never share their seed phrase with anyone. Warning to all Trezor owners using Android devices! This app is malicious and has no relation to Trezor or SatoshiLabs.…

SBF leads $50M funding round to bring DeFi to Maps.me's 140M users

Leading offline mapping application Maps.me has conducted a $50 million seed funding round to embed decentralized finance tools onto its platform. The funding round for “Maps.me 2.0” was led by Sam Bankman-Fried of Alameda Research and also featured participation from crypto venture heavyweights CMS Holdings and Genesis Capital. Maps.me 2.0 will be a wide-ranging application, featuring travel guides, hotel bookings and mapping services, in addition to exchange features and a multicurrency crypto-asset wallet offering annual yields of up to 8%. Alex Grebnev, the co-founder of Maps.me 2.0, told Cointelegraph that…

Africa to bring 100 million users to DeFi in three years from now, says founder of Cardano

Charles Hoskinson predicts that the Decentralized Finance sector will acquire 100 million users within the next three years by tapping into the developing world's market potential. “Who's actually going to do peer-to-peer loans? Who's actually going to do peer-to-peer insurance? Who's actually gonna do peer-to-peer payments? I got news for you, not a guy living in New York”, pointed out Hoskinson in an exclusive interview with Cointelegraph.  Cardano, the decentralized cryptocurrency network founded by Hoskinson, intends to take the lead in the DeFi space by developing partnerships in the African…

Coinbase users can now report their crypto taxes using CoinTracker

With just three months until the deadline for United States citizens to declare their crypto gains and losses to the Internal Revenue Service, Coinbase is partnering with portfolio tracking and tax calculating platform CoinTracker to make the process simpler. According to CoinTracker, it's an easy way for Coinbase users to report their crypto transactions and sales. Targeted at U.S. users, CoinTracker will calculate and fill out the specific forms — for example, Form 8949 and Schedule D — to declare capital gains, losses and assets on income tax returns. It…

EToro warns users it's running out of crypto to trade due to 'unprecedented demand'

Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.” As a result, the platform is warning of “possible limitations to crypto BUY orders” and that “spreads on crypto assets may also be much wider than usual.” @MatiGreenspan I know you have a mega position on $BTC on eToro, A sat for your thoughts. pic.twitter.com/Xt12bAJGxJ…

25% of crypto users not securing assets as well as they think

Cryptocurrency hardware wallet manufacturer Ngrave released the initial results of its ongoing crypto security survey on Wednesday.  The results give a number of insights into the current state of security in the digital-asset space and show that a full quarter of users perceive their current security measures to be more effective than they actually are. The survey has so far been completed by over 1,400 crypto users from 78 countries around the world. Despite efforts to push for inclusion in the space, 90% of respondents were male, and over 60%…