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Crypto Wallets Accumulate 133,300 BTC In One Month, And 500 Million Of This Ethereum Token In A Few Weeks

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Bitcoin’s (BTC) price action has remained tepid for a while as the flagship crypto has continued to swing below and above $60,000. This hasn’t deterred specific crypto wallets, which have continued to accumulate as much BTC as they can. The Ethereum token ETFSwap (ETFS) has also witnessed impressive demand, with over 500 million tokens during its ongoing presale. 

Bitcoin Whales And Sharks Are Buying The Dip

The onchain analytics platform Santiment revealed in an X (formerly Twitter) post that Bitcoin whales and sharks are buying the dip. These Bitcoin holders refer to crypto wallets holding between 10 and 10,000 BTC. According to Santiment, these Bitcoin investors have collectively accumulated 133,300 BTC over the past month. 

The onchain analytics platform noted that these Bitcoin investors look undeterred by BTC’s price action. At the same time, smaller traders continue to be impatient and are willing to offload their Bitcoin (BTC) to these whales and sharks. The wave of accumulation from these crypto wallets could be profitable as Bitcoin (BTC) is still expected to rise higher in this bull run. 

500 Million ETFSwap (ETFS) Tokens Sold In Ongoing Presale

Over 500 million ETFSwap (ETFS) tokens have been sold in its ongoing presale as investors look to benefit from the Ethereum token’s projected price rally of 50,000%. Interestingly, small traders who have offloaded their Bitcoin (BTC) tokens are also buying the ETFS token as they see an opportunity to enjoy greater returns through the Ethereum token. 

Analysts are confident that ETFSwap (ETFS) will reach such heights, seeing the efforts the team has put in place and the outstanding utility that the ETFSwap ecosystem provides. The team, certified by SolidProof, has collaborated with MiCa-compliant regulated investment banks to ensure they have the required permits to offer securities and crypto trading. 

Indeed, ETFSwap (ETFS) is set to become the first decentralized finance (DeFi) platform to offer securities and crypto trading in one place. Investors will be able to invest in, and trade tokenized exchange-traded funds (ETFs) on the trading platform while also gaining exposure to their favorite crypto assets.  

The trading platform is changing the narrative using its native ETFSwap (ETFS) token. Investors can simply swap the Ethereum token for ETFs or other crypto tokens. The Ethereum token also acts as a bridge between the traditional finance (TradFi) and DeFi worlds, as investors will be able to swap their ETFs for crypto tokens and vice versa. 

Furthermore, the Ethereum token provides access to the other exciting offerings in the ETFSwap ecosystem. For instance, traders can hold perpetual contracts for these ETFs and use up to 50x leverage on these assets, allowing them to maximize their gains further. They can also put their ETFs to work by staking them and enjoying mouth-watering yields. 

There are several other ways in which investors can make extra gains on the ETFSwap platform. Investors can also stake the ETFS token and enjoy up to 85% annual percentage yield (APY) on the Ethereum token. Token holders can provide liquidity and earn up to 30% of the fees made on token swaps. It is also worth mentioning that holders of the Ethereum token get first dibs on specific investment opportunities, including ETFSwap’s ETF, which is set to launch in 2025.

With such exciting offerings and a well-experienced team, ETFSwap (ETFS) is set to take off to the moon. The DeFi platform will become the leading platform for trading these traditional assets, leading to increased demand for the ETFS token. This massive demand is what analysts say will spark the Ethereum token’s 50,000% price gain. 

Conclusion

With ETFSwap (ETFS) set to enjoy a 50,000% price gain, early investors who bought the Ethereum token at its current price of $0.03846 enjoy a 500x return on their investment. As such, ETFSwap (ETFS) offers better risk-reward than a token like Bitcoin (BTC), which has less room to run.  

For more information about the ETFS Crypto Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

For more information about the ETFS Crypto Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Bitcoin’s New Foe: Malware Breaches Apple’s Defense

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Attention Bitcoin and Exodus wallet users! A new cybersecurity threat has emerged, prompting a warning from Kaspersky, a renowned cybersecurity firm. This alarming development revolves around a verified macOS exploit specifically targeting the latest version of Apple’s operating system. Unlike the common perception that Apple users are less susceptible to malware, this revelation challenges that notion.

The macOS malware identified by Kaspersky operates discreetly, primarily through pirated applications, aiming to illicitly access cryptocurrency stored in the digital wallets of macOS users. Unlike previous instances of proxy trojans, this new threat distinguishes itself by focusing on compromising wallet applications.

Bitcoin
Bitcoin's New Foe: Malware Breaches Apple's Defense 3

What makes this crypto Trojan unique is its utilization of DNS records to deliver a malicious Python script. Additionally, instead of merely stealing Bitcoin wallets, it goes a step further by replacing a wallet application with its infected version. This tactic enables it to pilfer the secret phrase used to access the cryptocurrency stored in the wallets.

The malware is designed to target macOS versions 13.6 and above, indicating a specific focus on users of newer operating systems, whether on Intel or Apple Silicon Devices.

Sergey Puzan, a security researcher at Kaspersky, highlighted the seriousness of the situation, emphasizing that cybercriminals leverage pirated apps as a means to gain easy access to users’ computers and acquire admin privileges by tricking them into entering passwords.

Puzan also noted the malware creators’ creativity in concealing a Python script within a DNS server’s record, enhancing the malware’s stealth within network traffic. Users are urged to exercise extra caution, particularly with their Bitcoin wallets, and to avoid downloading from suspicious sites.

Bitcoin Wallet Security: Must-Know Measures for Users

To safeguard against such Trojans and secure crypto assets, Kaspersky researchers recommend the following measures:

  • Download apps exclusively from official stores, such as the Apple App Store.
  • Utilize trusted security solutions and adhere to their recommendations.
  • Keep operating systems and essential apps updated as updates become available.

This recent revelation echoes a prior incident in September 2023, where Russian Stealer Malware, known as “Chisel,” was discovered orchestrating relentless attacks on cryptocurrency wallets and exchange applications. This discovery resulted from a collaborative effort involving the FBI, NSA, CISA, the UK’s NCSC, and other prominent entities, underscoring the ongoing and evolving nature of cyber threats in the crypto space.

Shiba Inu’s New Wallet Introduces Gasless Transactions

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Following the successful launch of its magazine, the Shiba Inu team has unveiled exciting news with the introduction of Shib Wallet. This latest release boasts a unique feature, allowing effortless recovery in the event of lost seed phrases. Users can now access this wallet with just an email and password, simplifying the process further. To enhance the user experience, the wallet integrates the services of Web3Auth, a wallet infrastructure provider, streamlining the onboarding process.

The SHIB team emphasizes that this non-custodial wallet guarantees users complete control over their digital assets, adhering to the core principles of privacy and security inherent in blockchain technology. Shib Wallet offers a variety of sign-in options, including OAuth providers such as Google, Twitter, and GitHub. Additionally, developers have the flexibility to customize login systems, seamlessly integrating them into existing authentication processes without the need for complex migration procedures.

Shiba Inu
Shiba Inu's New Wallet Introduces Gasless Transactions 5

Moreover, the Shiba Inu wallet incorporates multifaceted authentication methods, ensuring effortless key recovery for users. Notably, the wallet introduces gasless transactions, eliminating the requirement for users to possess a network’s native token. This innovation allows users to send signed transactions smoothly, simplifying the overall transaction process.

Shiba Inu Wallet Gas Sponsorship Feature

The blog post further outlines the wallet’s gas sponsorship feature, enabling users to sponsor other users’ gas or establish tailored rules to meet specific requirements. This feature significantly enhances the user onboarding experience, fostering increased engagement with the application and ensuring a seamless, hassle-free experience for all users.

As reported by TronWeekly, Shiba Inu enthusiasts and pioneers can explore the newly launched magazine, The Shib Magazine, a weekly publication designed to cater to the curiosity of readers. As a token of appreciation, the first 1000 subscribers will receive an exclusive complimentary NFT of the magazine cover, adding a unique touch to this memorable launch. Beyond covering the latest developments within the Shiba Inu ecosystem, readers are encouraged to contribute, creating an interactive and inclusive reading experience where their voices are heard and valued.

Solana wallet’s fool-proof plan to get rid of spam NFTs

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Phantom, the Solana-based wallet provider, has introduced a new burn feature that enables users to delete spam non-fungible tokens (NFTs) supplied by con artists.

The new feature, which allows users to get a tiny deposit of Solana (SOL) each time they use it, is accessible via the Burn Token button in the Phantom wallet app, according to a blog post from the Phantom team published on 18 August 2022.

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Source: Phantom Blog Post

The blog post read,

“We’re still in the Wild West days of Web3. As the crypto ecosystem grows, so have the number of bad actors looking for ways to steal user’s funds. The rapid growth in popularity of NFTs has led to an increasingly prevalent method of attack for scammers – Spam NFTs.”

Due to Solana’s cheap transaction fees, Phantom stated that the problem has been particularly pervasive there, with bad actors frequently airdropping large numbers of purportedly free NFTs that really include harmful links.

The recipient of spam NFT is typically instructed to click a link to generate a free NFT, but if they do so, their wallet is really depleted of money. Alternatively, the link will request the recipient’s seed phrase, which will have the same effect.

It further read,

“These scams are becoming increasingly more sophisticated. For instance, after a contract address and domain are identified as malicious, scammers can change the metadata of an NFT to try to avoid being blocklisted. It can feel like an endless game of whack-a-mole.”

The action is a part of a larger Phantom initiative to combat spam NFTs and undesirable actors in the market. By alerting users to “any fraudulent transactions that could endanger their assets or permissions” after clicking on dodgy links, the team claimed to be fighting scammers as well.

Solana-based NFT’s wallet provider: Phantom

According to the company, Phantom is one of the most well-liked wallet suppliers for Solana-based NFTs and decentralized fiance (DeFi), with more than 2 million active users each month.

A security flaw at the beginning of August caused the competitor wallet company Slope to lose an estimated $8 million worth of cash on the Solana network.

Austin Fedora, the head of communications at Solana, conducted a post-mortem investigation and discovered that, despite the attack being caused by Slope, 60% of the victims were Phantom users.

According to data from CryptoSlam, Solana hosted the second-largest amount of NFT sales volume in July with $56.1 million, trailing only Ethereum which posted a staggering $535.6 million.

China Stays on Track for Launching State Backed Cryptocurrency as Banks Begin Testing Digital Wallets

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China has been capturing global headlines daily be it on the industrial front or because of developments in the field of technology. The Red Dragon has also shown its doubters that will adopt the latest forms of technologies and updates to assert its place as the number one growing economy on the planet.

The field of cryptocurrencies and blockchain technology has also been assessed by China with the Xi Jinping led country making it a point to inform everyone that state-backed crypto was in the works. Although this was seen as a move to solidify Jinping’s own party agenda’s, it seems like the country is going ahead with these changes in full swing.

This week it was discovered that China was conducting large scale testing of digital wallets application within the country. Many state-run commercial banks were conducting these tests to see if they can finally launch their home-grown digital currency, the digital renminbi. Reports by local newspapers have also claimed that large banks such as Shenzen were running their own testing process to see if the wallets could transfer digital capital and settle payments.

If one looks at the itinerary put forth by the Central Bank of China earlier this year, it is pretty evident that the current developments were all running as per schedule. Just this week, the bank claimed that the state of China should actively promote the state-backed cryptocurrency as it would bring more security and prosperity to the nation.

It is not yet confirmed as to when China plans to launch its native cryptocurrency but analysts claim that a beta test may be possible in the first quarter of 2021. China’s vision with the digital currency has always been based on cutting the cost of circulating paper money as well as boosting the control exerted by policymakers on circulating capital. One of the target testing grounds for the digital currency would be future Winter Olympic stadiums, where a large number of microtransactions usually take place.

Apart from this, Chinese ride-hailing bigwig, Didi Chuxing has also entered into a strategic partnership with the People’s Bank of China to be a part of the digital asset revolution. Didi Chuxing will be part of the central bank’s Digital Currency Electronic Payment Service. The upcoming digital asset is slated to provide stiff competition to existing payment platforms such as Alipay and WeChat Pay, who are working on ramping up their own user base.

Authorities Out to Trace all Links Connected to Bitcoin Wallet Involved in Latest Twitter Hack

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On Wednesday, Twitter users in the United States woke up to the shocking news that multiple bigwigs had their accounts hacked in one of the biggest social media security breaches in history. The Twitter accounts of personalities like Kanye West, Elon Musk and Bill Gates were hacked with the intention of scamming people of their holdings.

The hacked accounts asked users to deposit capital in Bitcoin to specific wallet addresses with the promise of doubling what they sent. By the time Twitter support realized what was happening, millions of dollars worth of transfers had occurred.

Two days after the attack, investigative authorities were trying to figure out who was behind the attacks and what it could mean for future security protocols. The attack was widespread, attacking not just pop celebrities but politicians such as Joe Biden and Benjamin Netanyahu as well. It can only be left to the imagination what would have happened if the hackers had done something more extreme.

To ensure that the hacker’s trail does not go cold, US blockchain forensics firm Chainalysis stated that a digital wallet used to consolidate the BTC had previous links to other merchant service providers. Maddie Kennedy, the spokesperson for Chainalysis had said:

“They have interacted with service providers that have know-your-customer processes, and law enforcement can work with those service providers to find out who can be behind those accounts.”

Twitter has been working with the Federal Bureau of Investigation [FBI] to uncover the trails of the heist. The main problem that law enforcement has faced is with regarding tracing the Bitcoin wallet. Since Bitcoin is completely decentralized it becomes difficult to track the exact location and owner of the Bitcoin wallet. The only information that is available right now is the Bitcoin wallet address to which some people transferred their capital to.

Tom Robinson, an official of blockchain analysis firm Elliptic admitted that the Bitcoin transfers left very few clues to trace it back to its source. One of the wallets involved even had some active transactions going back some time, making it a key lead.