Tesla moves entire $765M Bitcoin stash to unknown wallets

October 15, 2024 Coin Telegraph

Tesla moves entire 5M Bitcoin stash to unknown wallets

address

Before the mass transfers, Tesla’s Bitcoin wallet had remained dormant since June 2022.

Electric vehicle maker Tesla has transferred its entire Bitcoin stash worth over $765 million to several unknown wallets.

Crypto wallets labeled as owned by Tesla moved virtually all of the company’s 11,500 Bitcoin (BTC) on Oct. 15 across 26 transactions, including test transfers, according to data from Arkham Intelligence.

The first test transfer was made on Oct. 15 at 8:41 pm UTC, and the wallet currently holds just $6.68 worth of Bitcoin.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Tons of options: 5 crypto wallets that support TON blockchain

September 30, 2024 Coin Telegraph

Blockchain

As the TON network continues to develop, holders are demanding wallets with complex functionalities that support the chain’s assets.

Toncoin (TON), the eponymous cryptocurrency associated with The Open Network, also known as TON, exploded in popularity this year.

Toncoin has become one of the 10 largest cryptocurrencies, with a market capitalization of $13.4 billion.

There are currently 2.5 billion coins in circulation worldwide, and the cryptocurrency’s total supply is 5.1 billion. Over the last nine months, the value of Toncoin has increased by around 150%.

There are a number of wallets that support TON, each with its own peculiarities. Some are custodial and focused on convenience and ease of use, while others provide users complete control over the cryptocurrency.

There are simple wallets with a minimum set of functions, more complicated ones with options such as staking, and secure solutions for long-term storage.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Polymarket users complain of mysterious Google login wallet attacks

September 29, 2024 Coin Telegraph

Coin Telegraph

The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.

Some users of the Polymarket prediction market app are complaining that their wallets were mysteriously drained after they logged in via their Google accounts.

After making deposits, users found that their wallets were wiped out, leaving a balance of zero. The attacks have not occurred against users that relied on wallet browser extensions such as MetaMask or Trustwallet.

Cointelegraph spoke to two victims of the attacks. The first victim identified himself by the Discord username, “HHeego,” and claimed to be the owner of a Polymarket account whose address ends in C3d4.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public

September 26, 2024 Bitcoin.com

addresses

Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Crypto adoption still stunted by lack of technical literacy

September 20, 2024 Coin Telegraph

Adoption

Confusion around crypto storage, regulations, and other factors tech-savvy people take for granted could be keeping average users on the sidelines and away from the technology.

Despite the growing popularity of cryptocurrencies and blockchain, the complexity of the technology might be making it hard for average users to understand, adding a barrier to more people entering the space.

According to an August survey conducted by Australian crypto exchange Swyftx, 43% of 2,229 respondents said they hadn’t used the tech because they were unsure how it works.

Similar data from the 2023 Crypto Literacy Survey found that at least 28% of 3,000 respondents worldwide shared the same sentiment.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Skyfire launches blockchain payment network that lets AI spend your money

August 21, 2024 Coin Telegraph

artificial intelligence

The company is currently focused on B2B, but there are countless potential applications for consumers.

Blockchain development firm Skyfire recently launched a payment platform that allows artificial intelligence agents to spend money autonomously.

Helmed by former Ripple VP of products and services Amir Sarhangi, the company’s platform makes it possible for a business to give a pre-loaded wallet to an AI agent. The company’s protocol converts the cash into USD Coin (USDC). When the agent’s task involves payment, the platform handles the conversions, thus enabling autonomous payment agents.

An AI agent is, for lack of a better term, a “bot” that’s designed to carry out a certain task. Examples include AI agents that monitor inventories across multiple sites in order to autonomously generate orders, or bot that monitors sale prices across multiple online marketplaces.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Wazirx Tells Users: Google’s Mandiant Confirms No Breach on Laptops During Cyberattack

August 19, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx says cybersecurity firm Mandiant, a Google subsidiary, has confirmed that Wazirx team laptops were not compromised during the $230 million cyberattack. The exchange added that attention is now focused on custodian Liminal’s wallet infrastructure, and the investigation’s findings have been shared with law enforcement and other agencies to assist in recovering […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App

August 18, 2024 Bitcoin.com

Google Faces Lawsuit After M in Crypto Stolen via Play Store App

Advertising

A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing that portrayed the Play Store as a secure […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Coinbase CEO Brian Armstrong: AI ‘should have crypto wallets’

August 17, 2024 Coin Telegraph

artificial intelligence

Armstrong’s statements come as Coinbase launches a $15K bot accelerator.

Cryptocurrency exchange Coinbase recently launched an artificial intelligence accelerator grant program to award $3K to five projects focused on combining AI with crypto wallets.

According to Coinbase CEO Brad Armstrong, large language models (LLMs) — the technology behind AI systems such as OpenAI’s ChatGPT and Anthropic’s Claude — could accomplish finance-related tasks if they were properly equipped.

Coinbase engineering lead Yuga Cohler posted a demo of the “AI Wallets” feature to X on Aug. 12. In the demo, Cohler demonstrates a scenario where an organization is paying people to participate in human-feedback sessions to train an image recognition model.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Germany’s Information Security Office champions hardware wallets

August 16, 2024 Coin Telegraph

Bitcoin Wallet

According to a recent Chainalysis report, thefts resulting from crypto hacks and exploits have totaled $1.58 billion in 2024.

In an Aug. 16 LinkedIn post, Germany’s Federal Office for Information Security, also known as BSI, explained the best practices for crypto storage and ultimately told users that a crypto hardware wallet was the most secure way to store private keys.

The post began with exchange-linked wallets, also known as “hot” wallets, and explained that while keeping crypto in an exchange wallet may be convenient for the end-user, it is also the least secure way of storing keys. This is because these wallets are always connected to the internet, creating an attractive target for hackers.

Next were self-custodial wallets on a user’s computer or smartphone. While this colder storage method is safer than keeping crypto on exchanges and allows users to control their keys, self-custodial wallet applications still suffer from “security gaps,” according to the BSI.

Wallet

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