DeFI News by Thebittimes.Com

Ledger confirmed today that a letter claiming to be from the crypto wallet’s security team is a scam, and warned users to ignore it and keep their crypto wallet recovery phrases to themselves. The company was responding to crypto trader Jacob Canfield, who shared the scam letter on X yesterday. Canfield claims the scammers are “sending physical letters to the @Ledger addresses database leak requesting an ‘upgrade’ due to a security risk.”  It claims to be from Ledger’s “Security and Compliance” and asks users to give up their recovery phrase in response to a “ critical security update .”  “Failure to complete this mandatory validation process may result in restricted access to your wallet and funds,” the scam document reads.  Breaking: New scam meta launched. Now they’re sending physical letters to the @Ledger addresses database leak requesting an ‘upgrade’ due to a security risk. Be very cautious and warn any friends or family that you know is in crypto and is n...

With only 1 day and 16 hours before the price goes up, interest is growing fast in this token, already seen as one of the top ICOs this year. While explosive tokens like Wall Street Pepe have raised $47 million with massive momentum, Best Wallet stands out for its steady and consistent growth, having already raised $7 million. Often compared to major players like Trust Wallet, Best Wallet is making waves with its innovative Features and user-friendly approach. Unlike many tokens still in development, Best Wallet already has a functional app available on both the Apple App Store and Google Play Store, boasting a 4.5-star rating from users. With 50% month-over-month user growth, the app is on track to capture 40% of the $11 billion non-custodial wallet market by 2026, though massive growth could come much sooner as the crypto market heats up. BEST token set for big gains after exchange listing The Best Wallet token presale is drawing a lot of attention, bringing in hundreds of tho...

Join Our Telegram channel to stay up to date on breaking news coverage Now at $20,209, the price of bitcoin has dropped back to levels last seen before the 2017 rally,   Charles Edwards, the CEO of Capriole, an asset management company, created the Bitcoin Yardstick and has observed that it has just hit its second-lowest level ever. Experts Take On Bitcoins Dip Bitcoin is much more oversold than the typical holder realizes, according to a new contender, as on-chain measures combine to put in a conventional macro bottom for BTC/USD. The Bitcoin Yardstick compares the market capitalization of all Bitcoins to the total number of blocks mined every second. According to Edwards, the lower the price of Bitcoin, the more hash power is being utilized to protect the transaction. This is not investment advice, but it does have ramifications for potential purchasers because most of Bitcoin’s unrealized worth is in the effort put in to secure the supply while prices were art...

Lucky Block, one of the most prominent NFT competition and games platforms in the crypto market , has launched a giveaway with $1 million in Bitcoin (BTC) up for grabs. We have created the perfect guide for interested participants to win.  Win $1 Million in Bitcoin  Recently, Lucky Block’s developers announced what could easily be their most popular prize competition. Participants have the opportunity to win $1 million worth of Bitcoin, and all they have to do is purchase one of the Lucky Block NFTs.      For the competition, Lucky Block’s developers created a new NFT collection. There are 25,000 tokens in the collection, all of which cost 0.254 BNB each. Players who purchase more than one NFT have a greater chance of winning.  Visit Lucky Block How to Enter the Competition  Interested in winning $1 million ? Follow the steps outlined below:  Visit the Competition Page  The first step is visiting the $1 mi...

Join Our Telegram channel to stay up to date on breaking news coverage The market blues in the past few weeks left many coins in the red, and ADA was no exception. While only time will tell if ADA will halt its slide, check out the following sections to find out what you should expect from Cardano in the near future and how BudBlockz continues to rally in the middle of the crypto winter . Can Cardano (ADA) Beat the Bear Market? Cardano is a platform where transactions are conducted using the native token , ADA, similar to the Ethereum network. The platform aims to become the “Internet of Blockchains,” initially built as an improvement to the existing Ethereum. One of the key Features that fueled its early adoption and popularity was the minimization of energy expenditure during block production. Investors who may want to go long on ADA should be wary of the drop in development activity over the last month. The coin is also at its lowest point since early 2021, wiping away al...

London, England, Monday 24 October – On the sixth day of its fundraising, trading intelligence project Dash 2 Trade has raised an astonishing $2 million. The project has entered the 2nd stage of its presale, in which 63.2 million tokens are left for sale of the original 70 million.  Each D2T token is currently priced at $0.050, but that will rise to $0.0513 in the 3rd stage of the presale.  By the end of the final 9th stage of the presale, the token will be priced at $0.0662, representing a 40% notional return on the starting price point. Investors will need to move quickly in order to lock in the early-bird prices as tokens are selling at a quickening pace Excitement is growing for a product that brings pro trading intelligence and tools to ordinary traders Excitement around the project is no doubt due to its attractive prospectus as the ‘Bloomberg terminal for crypto traders', and the fact that it has been built from the ground up by traders...