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Bitcoin [BTC]: Higher BTC price brings more BTC scams?

Arijit Sarkar



Bitcoin [BTC]: Higher BTC price brings more BTC scams, warns Twitterati
Credit: Pixabay

As the cryptoverse regains its lost shine with the recent bull run and welcomes a new breed of enthusiasts, the bad players in the market have amped up their efforts into conning the naive crowd. One of the upcoming scams in this light is the “digital wallets,” that are being identified and blocked on a daily basis. Pioneering this wave of stopping fraud is @LukasStefanko, who recently highlighted two apps on Google Play. The tweet read,

“Phishing “Trezor Mobile Wallet” app found on Google Play and pops as a second search result. This fake app was phishing for credentials, but still it couldn’t affect Trezor user funds, however it could be used for email phishing.”

The tweet consisted of screenshots that warned the crypto users to download the correct “TREZOR Manager” app, instead of the [fake] “Trezor Mobile Wallet” app.

Source: @LukasStefanko

@LukasStefanko further informed Twitter that the fake app was “connected” to “Coin Wallet” service which was another cryptocurrency wallet on Google Play with over 1,000 installs using the same source code and server.” He further informed the readers that  “Trezor Mobile Wallet & Coin Wallet were bought as wallet template for $40” and added a screenshot of the source code as a proof of his findings.

Source: @LukasStefanko

While the apps are still available for download, the recent finding ought to urge users to make use of legitimate sources for indulging in cryptoverse. Currently, Crypto Twitter is spreading the information in the hopes of reducing such scams that surface with BTC hype.

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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind




XRP TipBot goes online after a tiny downtime
Source: Unsplash

XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”

A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.

Wind tweeted,

XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.

After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.

The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.

This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.

XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.

SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.

Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.

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