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The cool side of the blazing crypto ecosystem.
A Web 3.0 newsletter covering the latest news that matters.
What’s in today’s cooler:
Newest Crypto Exchange on the Block
Fraudulent App Impersonating Trezor Hardware Wallet
More On Tap News
Newest Crypto Exchange on the Block
EDX Markets is the newest “Crypto Exchange”.
EDX Markets
Backed by the large financial institutions Citadel Securities, Fidelity Investments and Charles Schwab. You have probably heard of all these big names, hence why this is such big news for crypto.
Beginning their digital asset market on June 20. This announcement comes just days after BlackRock filed an application for a Bitcoin ETF. EDX currently supports Bitcoin, Ether, Litecoin, and Bitcoin Cash, which are not considered “securities” in the recent lawsuits on Coinbase and Binance.
EDX states it’s trying to “meet the needs of the world’s largest and most sophisticated financial institutions”. If Coinbase hasn’t made it easy enough for users and investors to understand. Uncertainty is of course a big issue with crypto exchanges. Does this mean EDX is totally stable and has no way of going under?
There will be more info to come with EDX.
Fraudulent App Impersonation Trezor Hardware Wallet
Early on June 19, Rafael Yakobi, a Managing Partner at Crypto Lawyers, tweeted about a security alert he found on the Apple App Store. This App was impersonating Trezor, a top hardware wallet provider.
On the Apple App Store, the impersonating app was called Trezor Wallet Suite. It was the first search result when you look up the word trezor.
🚨 Security Alert 🚨
The first search result for "Trezor" in the Apple @AppStore is a malicious application that will request your seed phrase, allowing its operators to steal all of your crypto.
The name of the malicious application is "Trezor Wallet Suite." You can verify… twitter.com/i/web/status/1…
— Rafael Yakobi (@Deliver8tor)
5:54 PM • Jun 19, 2023
The app allegedly asked users for their seed phrase which would then allow scammers to steal the users crypto.
Always remember to never give anyone your seed phrase and triple check reviews and official products.
A very similar issue happened 2 years ago to a user who reportedly lost $600,000 in Bitcoin. This article can be read here.
More in depth info about how Apple acted here.
On Tap News
First Compliant Crypto Platform with the SEC - How long has this been a thing? I’ve never heard of Prometheum
Why do Financial Giants want a Bitcoin ETF? - Probably to make crypto gains without being worried about the daunting SEC
Using Crypto for Real Estate - France Real Estate Firm is on the Adoption with Crypto payment provider
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We can hardly contain our excitement as we grow we want to gear up and unveil a brand-new referral program. We want to hook you up with some cool rewards, including stickers, nifty dad hats, and more.
Stay tuned to be rewarded!
Disclaimer: The information shared in this newsletter is for informational purposes only and should not be considered financial advice. It is crucial to conduct independent research and consult with a financial advisor before making any investment decisions.
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