Crypto Guides, Knowledge & Insights

MetaMask Wallet Returns To Apple App Store Following Temporary Removal

Popular DeFi wallet MetaMask, with 21 million monthly users, was pulled off the Apple App Store for a few hours on Saturday. Although the crypto wallet app has now been restored, there has been no official explanation of the reason behind this incident.　　FYI: We‘re aware that MetaMask isn’t currently available for download on the App Store. This is and not related to anything malicious, and our team is working hard to resolve it ASAP. We expect MetaMask to be back on the App Store shortly, and we sincerely apologize for any inconvenience this may have caused.　　In addition, the development team behind the wallet also admonished users against downloading fake versions of its application on the App Store. Such a warning is not far-fetched, as users have lost assets to bad actors through fake crypto wallets.　　Most recently, American billionaire Mark Cuban lost $870,000 of digital assets in a hack that he attributed to downloading a counterfeit version of the MetaMask wallet. An hour after MetaMasks statement, the crypto wallet returned to the Apple App Store. However, the reason for the initial removal remains largely unknown.　　 What Could Have Prompted This Event？　　One possible explanation for MetaMask‘s temporary absence from the Apple App

2023-10-16Deep Dive

U.S. Government Becomes Bitcoin Largest Holder With $5 Billion Seizures

The U.S. government is one of the worlds Bitcoin largest holders, with three recent seizures resulting in approximately 200,000 Bitcoins worth more than $5 billion seized from cybercriminals, as per WSJ.U.S. Government Becomes Bitcoin Largest Holder　　The U.S. government has been reportedly one of the worlds Bitcoin largest holders. The holding is a result of three recent seizures, which yielded over 200,000 Bitcoins valued at more than $5 billion.　　The seized Bitcoins primarily come from cyber criminals and darknet markets and are stored in encrypted hardware wallets controlled by various government agencies such as the Ministry of Finance, the Internal Revenue Service (IRS), and the Justice Department.　　The government‘s total stash is likely even larger than what has been publicly disclosed. While the U.S. has been slow in converting its Bitcoin holdings into dollars, recent seizures have added substantial value to its overall holdings. The legal process to convert seized Bitcoin into cash can take years, during which time the cryptocurrency’s value can appreciate significantly.Approach to Handling Seized Bitcoin　　The U.S. governments approach to handling seized Bitcoin differs from its treatment of other seized assets. When a government agency takes control of a crypto asset, it does not immediately become the property of the

2023-10-16Deep Dive

Beware: Scammers Exploit Bookmark Trick to Steal from Friendtech Users!

A concerning security threat has emerged as malicious scripts target the popular website Friendtech users.　　These scripts, written in JavaScript, are the crafty handiwork of scammers aiming to deceive unsuspecting Friendtech users into adding a nefarious bookmark to their browsers.　　The scheme operates as follows: once a user unwittingly adds the malicious bookmark to their browser, the JavaScript code springs into action upon accessing the ft site. It then launches a sinister attempt to pilfer sensitive data, including passwords, with a specific focus on ft‘s two-factor authentication (2FA) credentials, as illustrated in Figure 1. Additionally, these malevolent scripts seek to compromise the tokens linked to Privy, an embedded wallet used by ft, as depicted in Figure 2. This puts the user’s ft account and any associated funds in grave jeopardy, as the scammers endeavor to gain unauthorized access and control.Malicious JavaScript Tactics Targeting Friend.tech　　What makes this threat even more alarming is that the method employed is far from novel. The usage of such malicious bookmarks has been increasingly prevalent in schemes aimed at compromising Discord accounts. It serves as a stark reminder that similar tactics can easily be deployed in various online platforms and websites, putting a wide range of accounts and

2023-10-16Deep Dive

New Android Uniswap Wallet Is About To Be Launched To Users

Uniswap Labs, the creators of the popular Uniswap decentralized exchange, announced a significant development for their user base. The Android Uniswap wallet is now set to launch for users, with the beta version already live for registration.Uniswap Labs Expands Reach with Android Uniswap Wallet Beta Launch　　Initially launched on iOS in April, the Uniswap wallet quickly rose to become one of the top 3 wallets for new downloads within a month. The team has been meticulous in adapting the wallet for Android, ensuring that users can experience the same seamless swapping experience that millions enjoy on Uniswap.　　The Uniswap wallet is designed for the ideal swapping experience. It offers features such as easy token discovery, automatic transitions between Mainnet and Layer-2 networks, and rapid swaps. The team has consistently rolled out updates to enhance speed and expand the range of tokens and chains available for swapping.Enhanced Swapping and Security Features in Android Uniswap Wallet　　Uniswap is also gearing up for a wave of user adoption on chains with cheaper and faster transactions, including Polygon, Arbitrum, Optimism, Base, and BNBChain, with more to come. Swapping on these Layer-2 solutions is made effortless with automatic chain detection.　　To protect users from potential issues like frontrunning and

2023-10-13Deep Dive

Fall In Bitcoin Donations To Hamas, What Mainstream Media Overlooked About Crypto

Following the events in Israel, mainstream media has pointed out the alleged connection between Bitcoin and crypto with Hamas. The terrorist group has been using digital assets to raise money globally, but the situation is complex and sheds light on the indirect use cases of cryptocurrencies.　　 Bitcoin Not A Tool, But A Weapon Against Terrorists？　　Via social media platform X, Sam Lyman, Director of Public Policy for Bitcoin mining company Riot, addressed the recent reports on the connection between Hamas and crypto donations. As mentioned, the group supposedly raised over $100 million in donations using digital assets.　　Mainstream media has been reporting on these donations from the perspective of digital assets, enabling groups like Hamas to maintain a financial lifeline. A report from The Wall Street Journal claims that the events of last Sunday, when members of Hamas infiltrated Israel, resulting in the death of hundreds of civilians, were financed with crypto.　　Lyman claims that the reports lacked certain nuances that point at Bitcoin and cryptocurrencies not as a tool but as a potential obstacle for terrorist groups. Hamas instructed their followers to refrain from donating money in Bitcoin. Lyman explained:　　Why？ Because the transparent nature of the blockchain had Western intelligence following their

2023-10-13Deep Dive

Polkadot Lays Off 300 Employees: What’s The Way Forward?

Parity Technologies, the developer of Polkadot, a platform at the forefront of blockchain interoperability, has reportedly laid off more than 300 employees. According to an X post shared by “chainyoda,” a core contributor, on October 12, the number retrenched is more than that of developers working on dapps deployed on the blockchain.Parity Technology Game Plan: To Be More Decentralized　　There has been no confirmation from Parity on the exact number of employees whose contracts have been terminated. However, as of October 11, the company updated its community on what it plans to do in the coming months.　　On social media platform X, Parity said they advocate for decentralization and don‘t want to be a “bottleneck, slowing down the growth of Polkadot.” As part of this, they will look to continue enhancing Polkadot’s technology, improve developer experience, and foster a strong community of developers.　　Accordingly, this meant a change of strategy. Parity said it would be “sunsetting its go-to-market functions to make room for the emergence of new ecosystem leaders” to spearhead Polkadots development.　　As part of this transition, Parity Technologies pointed to a new program launched by Web3 Foundation, which it believed would help build and mold the next cohort of leaders to take

2023-10-13Deep Dive

Alameda Research's Primary Revenue Source Was Previously DeFi Liquidity Mining

On the X platform, KOL Wazz has posted stating that Alameda Researchs primary source of profit used to be DeFi liquidity mining. Wazz mentioned that in 2021, SBF had indicated in an interview that he allocated 80% of Alamedas funds to Yield Farming because it was the “easiest way to make money.”　　Alameda Research had previously invested $5 billion in DeFi liquidity mining without conducting thorough due diligence, hastily authorizing pool2 contracts for various projects.　　Additionally, Alameda consistently earned profits ranging from $2 million to $4 million in each Binance Launchpad listing, and they also received daily rewards of 3 million DYDX tokens.　　

2023-10-13Deep Dive

AbyssWorld Reports Chainhill Capital Default, Prepares Early AWT Token Unlock

AbyssWorlds community administrators have issued a notice stating, “To secure the necessary funds for game development, we have decided to postpone the SUI airdrop to Gazer holders this month. We have faced prolonged deception, and our early major investor, Chainhill Capital, has faced issues, with investments for AbyssWorld and other games not being received. For AbyssWorld, there has been outstanding payment for over half a year, and as we expanded the team as planned, we consumed more cash reserves than anticipated.”　　Furthermore, the announcement mentions that the project will do its best to reimburse and compensate affected community users and will maintain records of Gazer holders. Due to financial constraints and the inability to fulfill market-making commitments, the project has decided to unlock and release all remaining AWT tokens for Gazer and IDO holders to help disappointed investors exit sooner. They also plan to announce the burning of a portion of the repurchased tokens shortly.　　

2023-10-13Deep Dive

Stars Arena: To Fill Funding Gap with Recovered Funds and Protocol Income, Securing Private Investor

The Avalanche ecosystem social protocol Stars Arena has posted on the X platform, stating their intention to use the recovered funds from the attack to cover the funding gap. Currently, the gap stands at 274,333 AVAX, of which 239,493 AVAX has been recovered, along with all generated earnings to date.　　Furthermore, Stars Arena has mentioned that they will receive a temporary loan from a private investor group to make up the difference.　　In a previous post on the X platform, Stars Arena announced that they had recovered approximately 90% of the lost funds and recently reached an agreement with the attacker, with the stolen funds being returned in exchange for a 10% bounty and 1,000 AVAX lost in the cross-chain bridge.　　

2023-10-13Deep Dive

Binance CR7 ForeverZone Launched To Celebrate Close Collaboration

In a thrilling partnership that combines sports and technology, Binance and soccer legend Cristiano Ronaldo have announced the launch of the Binance CR7 ForeverZone NFT collection. This marks the third NFT collection in their ongoing collaboration, promising fans unprecedented experiences.Binance and Ronaldo Launch Binance CR7 ForeverZone NFT Collection　　The Binance CR7 ForeverZone collection introduces 50,000 limited-edition mystery boxes, each granting access to a unique CR7-inspired NFT, aiming to bring fans closer to one of the greatest players of all time. This collaboration not only showcases Binance‘s innovative spirit but also celebrates Ronaldo’s ever-present charisma, revered not only in Europe but globally.　　This partnership began last summer when Binance and Ronaldo joined forces to provide fans with extraordinary experiences through NFTs. Ronaldos “CR7” NFT collection, featuring seven animated statues with various rarity levels, made a remarkable debut. It was followed by the “Forever CR7: The GOAT” NFT collection, celebrating digital renditions of his iconic goals.Unique NFT Experience: Meet Cristiano Ronaldo　　The collection is a unique blend of tech and talent, featuring 50 signed footballs, 50 shirts, 50 tickets for Binance Blockchain Week, and exclusive NFTs from previous Ronaldo collaborations. The crown jewel is the golden ticket NFT, offering one lucky fan the chance to

2023-10-12Deep Dive

...

6365

...

738

Latest News

WikiBit Exchange Exit Risk Ranking Episode 5: Tapbit — A “One MSB Sticker Fits All” Exchange, the Borderless Casino on France’s AMF Blacklist

WikiBitWithin 1 weeks

Bernstein sees new USDC growth cycle, sets $140 Circle price target

WikiBitWithin 1 weeks

Bitcoin price hits $80K as 24-hour crypto short liquidations pass $220M

WikiBitWithin 1 weeks

From a “European Established Compliant Exchange” to a “Withdrawal Hell”: Zondacrypto Collapse Exposes the Most Dangerous Illusion — A License ≠ Safety

WikiBit3 days ago

WikiBit Exchange Exit Scam Risk Ranking – Episode 6: Coincheck: Hacked for $530 Million, Acquired by a Financial Giant, Listed on Nasdaq — The Ice and Fire Saga of Japan’s “National Exchange”

WikiBit2 days ago

WikiBit Exchange Exit Risk Ranking Issue #8 — Azbit: Backed by Roger Ver, Publicly Called Out by Seychelles FSA — An Offshore Casino Riding on a “Celebrity Endorsement”

WikiBit14 hours ago