London, UK, December 19th, 2024, Chainwire As cryptocurrency adoption expands, so do the associated risks, including physical threats targeting crypto holders. Traditional wallets often lack safeguards to address real-world coercion scenarios. Addressing this challenge, Deus Wallet introduces a new feature: Duress Mode. This technology, integrated into Deus’s non-custodial framework, provides an added layer of security to help safeguard cryptocurrency assets and user safety in high-risk situations. The Issue: Crypto Security Is More Than Digital While digital security has advanced with multi-signature wallets, biometric authentication, and hardware devices, physical security remains overlooked. Criminals have adapted their tactics, targeting crypto holders. Considering Real-Life Examples: 2022, London: Criminals broke into a businessman’s home and extorted $1.1 million in Bitcoin at gunpoint. 2023, New York: A crypto trader was kidnapped and forced to transfer $400,000 while held captive. 2021, Bangkok: A prominent investor managing millions in crypto was ambushed by an international gang and coerced into transferring $2.7 million. In each case, victims lacked the tools to mitigate risks under pressure. Standard wallets provide no “last line of defense” for these real-world threats. Deus Wallet: Next-Level Protection Deus Wallet tackles this vulnerability with its non-custodial structure and Duress Mode. This approach allows users to retain full control over their assets while incorporating an additional security measure designed to address specific risks. Non-Custodial Goal With Deus, private keys are stored exclusively by the user, not on any centralized server. This eliminates third-party risks such as hacking, insider theft, or regulatory overreach. In an era where centralization poses increasing threats, non-custodial wallets offer unparalleled independence and security. Duress Mode was developed with one goal: to protect users in life-threatening situations. The way it works: Duress PIN Configuration: Setting a secondary PIN during wallet setup. Under Coercion: Entering the Duress PIN instead of the regular one. Seamless Decoy: The wallet opens a “fake” account with minimal or no funds, while users’ actual assets remain hidden. This feature ensures that attackers see what appears to be the entire wallet balance, without ever suspecting the existence of hidden funds. Deus Wallet is part of a growing movement to rethink cryptocurrency security. As the crypto ecosystem matures, protecting users in both digital and physical spaces is becoming more important. The Bigger Picture: Rising Crypto Adoption: As cryptocurrencies enter mainstream finance, the average user profile shifts from tech-savvy enthusiasts to general consumers, many of whom lack advanced security awareness. Criminal Adaptability: Criminals exploit the pseudonymity of blockchain transactions, knowing that once assets are transferred, they’re nearly impossible to recover. The Security Gap: While solutions like hardware wallets protect against cyber threats, tools like Duress Mode address the issue of physical security. Deus Wallet is at the forefront of this shift, setting a new standard for protecting users and their assets. Key Features of Deus Wallet Non-Custodial Architecture: Full control of private keys ensures users’ funds are always theirs. Duress Mode: A revolutionary feature to safeguard assets under physical coercion. User-Friendly Design: Intuitive interface suitable for beginners and experts alike. Advanced Encryption: Multi-layered security protects against cyberattacks. Customizable Settings: Users can define access parameters and Duress Mode triggers according to their preferences. Cross-Platform Compatibility: Available on iOS, Android. In today’s world, digital and physical security go hand-in-hand. Deus Wallet provides a comprehensive solution, ensuring that users’ assets and personal safety are never compromised. About Deus Wallet Deus Wallet offers a comprehensive platform for storing and managing cryptocurrencies and NFTs, featuring tools to track account activity and streamline asset management. By integrating multiple functionalities, Deus Wallet eliminates the need to navigate several decentralized platforms. With a focus on user-friendly design, Deus Wallet balances simplicity and functionality, making it a practical choice for those seeking efficient and accessible solutions. Trusted by users in over 166 countries, Deus Wallet serves a broad audience, including individuals and enterprises, across five continents. Deus Wallet is designed to support both new and experienced users, providing tools for secure asset management and streamlined engagement with decentralized finance. Users can visit https://deuswallet.com to learn more about how Deus Wallet is reshaping crypto security for the modern age. Contact Pavel Derkach DEUS WALLET APS LTD support@deuswallet.com
An NFT evening report revealed that the recent BTC price rally above $100k created 14,211 new millionaires and four new billionaires, creating FOMO among people to achieve the same. However, the crypto market is unpredictable, and profiting trades can bring heavy losses. This is why, this one crypto trader lost nearly $500k on the PEPE token, as his trades were FOMO driven. How A Crypto Trader Lose $500k With PEPE Token? Spotonchain, an AI-driven analytics platform’s X post, reveals that an anonymous trader is bearing heavy losses in his PEPE Coin investment. Although profit and loss are common in crypto trading, a few end up following FOMO, which often leads to losses even when the investment is in a profitable asset. It happened with the trader “0x4ec” who spent 4.75 WBTC and 150K USDC ($1.59M) to buy 60.782B PEPE on December 10. At that time, the token was moving towards a peak but soon entered a downtrend amidst increased volatility as the PEPE price had hit an ATH. Instead of holding, the trader dumped all his PEPE-based tokens at low in fear of further losses, bearing a loss of $477K. PEPE tops the most demanded meme coins list , with its heavy returns and impressive performance over the year. However, the investor bought the PEPE when it was at a peak and lost thousands of dollars as the price corrected over the increased volatility. PEPE Token Downtrend Continues, 11% Lost Today With the Bitcoin price hitting record highs, the market was hitting its prime until today. PEPE Coin and the rest of the cryptos began struggling amidst the crypto market crash , influenced by the FED’s 25 bps rate cuts and Jermome Powell’s take on Bitcoin reserve. With that, the PEPE price has plummeted 11% in the last 24 hours, currently at $0.00001916. However, the drop began even before, and on the weekly charts, the PEPE price has dropped 24%. With that, its market capitalization and trading volume stand at $8.05B and $3.43B. The Nansen Data reveals that smart money began moving from the market, as the smart money traders holding PEPE dropped from 115 to 95 within just two weeks. Nevertheless, many analysts see this as a common correction for the meme coin, which leads to bigger rallies. However, according to the technical analysis, the PEPE token is in a bearish trend, with the RSI falling below 50 and the MACD and moving average representing sellers. A bullish move could happen if the Pepe coin moves past the key resistance at $0.00002821. What’s In This For You? The PEPE Coin lost the battle with the bears, ending with a 24% correction over the week. With that, the PEPE price has moved 32% away from the ATH, currently trading at $0.00001916 under the seller’s presence. One such seller lost nearly $500k after he FOMO bought the token near the ATH and sold it when the token collapsed. Amidst this ATH-induced volatility and the crypto market crash, the PEPE price struggle is likely to continue until it bounces back above the key resistance at $0.00002821. The post How This Trader Lost Nearly $500K in 9 Days on PEPE Token? appeared first on CoinGape .
Shiba Inu's price fell significantly due to whale sell-offs. Community concerns rise over decreased SHIB burn rates. Continue Reading: Shiba Inu Price Declines Significantly Due to Whale Sales The post Shiba Inu Price Declines Significantly Due to Whale Sales appeared first on COINTURK NEWS .
London, UK, December 19th, 2024, Chainwire As cryptocurrency adoption expands, so do the associated risks, including physical threats targeting crypto holders. Traditional wallets often lack safeguards to address real-world coercion scenarios. Addressing this challenge, Deus Wallet introduces a new feature: Duress Mode. This technology, integrated into Deus’s non-custodial framework, provides an added layer of security to help safeguard cryptocurrency assets and user safety in high-risk situations. The Issue: Crypto Security Is More Than Digital While digital security has advanced with multi-signature wallets, biometric authentication, and hardware devices, physical security remains overlooked. Criminals have adapted their tactics, targeting crypto holders. Considering Real-Life Examples: 2022, London: Criminals broke into a businessman's home and extorted $1.1 million in Bitcoin at gunpoint. 2023, New York: A crypto trader was kidnapped and forced to transfer $400,000 while held captive. 2021, Bangkok: A prominent investor managing millions in crypto was ambushed by an international gang and coerced into transferring $2.7 million. In each case, victims lacked the tools to mitigate risks under pressure. Standard wallets provide no "last line of defense" for these real-world threats. Deus Wallet: Next-Level Protection Deus Wallet tackles this vulnerability with its non-custodial structure and Duress Mode. This approach allows users to retain full control over their assets while incorporating an additional security measure designed to address specific risks. Non-Custodial Goal With Deus, private keys are stored exclusively by the user, not on any centralized server. This eliminates third-party risks such as hacking, insider theft, or regulatory overreach. In an era where centralization poses increasing threats, non-custodial wallets offer unparalleled independence and security. Duress Mode was developed with one goal: to protect users in life-threatening situations. The way it works: Duress PIN Configuration: Setting a secondary PIN during wallet setup. Under Coercion: Entering the Duress PIN instead of the regular one. Seamless Decoy: The wallet opens a "fake" account with minimal or no funds, while users' actual assets remain hidden. This feature ensures that attackers see what appears to be the entire wallet balance, without ever suspecting the existence of hidden funds. Deus Wallet is part of a growing movement to rethink cryptocurrency security. As the crypto ecosystem matures, protecting users in both digital and physical spaces is becoming more important. The Bigger Picture: Rising Crypto Adoption: As cryptocurrencies enter mainstream finance, the average user profile shifts from tech-savvy enthusiasts to general consumers, many of whom lack advanced security awareness. Criminal Adaptability: Criminals exploit the pseudonymity of blockchain transactions, knowing that once assets are transferred, they’re nearly impossible to recover. The Security Gap: While solutions like hardware wallets protect against cyber threats, tools like Duress Mode address the issue of physical security. Deus Wallet is at the forefront of this shift, setting a new standard for protecting users and their assets. Key Features of Deus Wallet Non-Custodial Architecture: Full control of private keys ensures users' funds are always theirs. Duress Mode: A revolutionary feature to safeguard assets under physical coercion. User-Friendly Design: Intuitive interface suitable for beginners and experts alike. Advanced Encryption: Multi-layered security protects against cyberattacks. Customizable Settings: Users can define access parameters and Duress Mode triggers according to their preferences. Cross-Platform Compatibility: Available on iOS, Android. In today’s world, digital and physical security go hand-in-hand. Deus Wallet provides a comprehensive solution, ensuring that users' assets and personal safety are never compromised. About Deus Wallet Deus Wallet offers a comprehensive platform for storing and managing cryptocurrencies and NFTs, featuring tools to track account activity and streamline asset management. By integrating multiple functionalities, Deus Wallet eliminates the need to navigate several decentralized platforms. With a focus on user-friendly design, Deus Wallet balances simplicity and functionality, making it a practical choice for those seeking efficient and accessible solutions. Trusted by users in over 166 countries, Deus Wallet serves a broad audience, including individuals and enterprises, across five continents. Deus Wallet is designed to support both new and experienced users, providing tools for secure asset management and streamlined engagement with decentralized finance. Users can visit https://deuswallet.com to learn more about how Deus Wallet is reshaping crypto security for the modern age. ContactPavel DerkachDEUS WALLET APS LTDsupport@deuswallet.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
London, UK, December 19th, 2024, Chainwire As cryptocurrency adoption expands, so do the associated risks, including physical threats targeting crypto holders. Traditional wallets often lack safeguards to address real-world coercion scenarios. Addressing this challenge, Deus Wallet introduces a new feature: Duress Mode. This technology, integrated into Deus’s non-custodial framework, provides an added layer of security to help safeguard cryptocurrency assets and user safety in high-risk situations. The Issue: Crypto Security Is More Than Digital While digital security has advanced with multi-signature wallets, biometric authentication, and hardware devices, physical security remains overlooked. Criminals have adapted their tactics, targeting crypto holders. Considering Real-Life Examples: 2022, London: Criminals broke into a businessman’s home and extorted $1.1 million in Bitcoin at gunpoint. 2023, New York: A crypto trader was kidnapped and forced to transfer $400,000 while held captive. 2021, Bangkok: A prominent investor managing millions in crypto was ambushed by an international gang and coerced into transferring $2.7 million. In each case, victims lacked the tools to mitigate risks under pressure. Standard wallets provide no “last line of defense” for these real-world threats. Deus Wallet: Next-Level Protection Deus Wallet tackles this vulnerability with its non-custodial structure and Duress Mode. This approach allows users to retain full control over their assets while incorporating an additional security measure designed to address specific risks. Non-Custodial Goal With Deus, private keys are stored exclusively by the user, not on any centralized server. This eliminates third-party risks such as hacking, insider theft, or regulatory overreach. In an era where centralization poses increasing threats, non-custodial wallets offer unparalleled independence and security. Duress Mode was developed with one goal: to protect users in life-threatening situations. The way it works: Duress PIN Configuration: Setting a secondary PIN during wallet setup. Under Coercion: Entering the Duress PIN instead of the regular one. Seamless Decoy: The wallet opens a “fake” account with minimal or no funds, while users’ actual assets remain hidden. This feature ensures that attackers see what appears to be the entire wallet balance, without ever suspecting the existence of hidden funds. Deus Wallet is part of a growing movement to rethink cryptocurrency security. As the crypto ecosystem matures, protecting users in both digital and physical spaces is becoming more important. The Bigger Picture: Rising Crypto Adoption: As cryptocurrencies enter mainstream finance, the average user profile shifts from tech-savvy enthusiasts to general consumers, many of whom lack advanced security awareness. Criminal Adaptability: Criminals exploit the pseudonymity of blockchain transactions, knowing that once assets are transferred, they’re nearly impossible to recover. The Security Gap: While solutions like hardware wallets protect against cyber threats, tools like Duress Mode address the issue of physical security. Deus Wallet is at the forefront of this shift, setting a new standard for protecting users and their assets. Key Features of Deus Wallet Non-Custodial Architecture: Full control of private keys ensures users’ funds are always theirs. Duress Mode: A revolutionary feature to safeguard assets under physical coercion. User-Friendly Design: Intuitive interface suitable for beginners and experts alike. Advanced Encryption: Multi-layered security protects against cyberattacks. Customizable Settings: Users can define access parameters and Duress Mode triggers according to their preferences. Cross-Platform Compatibility: Available on iOS, Android. In today’s world, digital and physical security go hand-in-hand. Deus Wallet provides a comprehensive solution, ensuring that users’ assets and personal safety are never compromised. About Deus Wallet Deus Wallet offers a comprehensive platform for storing and managing cryptocurrencies and NFTs, featuring tools to track account activity and streamline asset management. By integrating multiple functionalities, Deus Wallet eliminates the need to navigate several decentralized platforms. With a focus on user-friendly design, Deus Wallet balances simplicity and functionality, making it a practical choice for those seeking efficient and accessible solutions. Trusted by users in over 166 countries, Deus Wallet serves a broad audience, including individuals and enterprises, across five continents. Deus Wallet is designed to support both new and experienced users, providing tools for secure asset management and streamlined engagement with decentralized finance. Users can visit https://deuswallet.com to learn more about how Deus Wallet is reshaping crypto security for the modern age. Contact Pavel Derkach DEUS WALLET APS LTD support@deuswallet.com
Bitcoin’s sudden drop below $100,000 during late U.S. hours shook the crypto world, with Dogecoin (DOGE-USD) and other major tokens following suit ...
World Liberty Financial, backed by the family of U.S. President-elect Donald Trump, on Wednesday exchanged about $10 million worth of Coinbase's (COIN) wrapped bitcoin, cbBTC, for rival WBTC. Wrapped bitcoin is a form of the world's largest cryptocurrency that can be used in decentralized finance (DeFi) on blockchains other than Bitcoin. Coinbase introduced cbBTC in September, and in November said it would delist WBTC, citing its listing standards. That action prompted BiT Global, a custodian involved in WBTC, to sue the crypto exchange to prevent the removal. A court ruled against BiT Global on Wednesday . There's one more link in the chain: Justin Sun, the founder of the Tron blockchain and one of CoinDesk's Most Influential 2024 . In its defense, Coinbase cited BiT Global's links to Sun, who has been accused of fraud and market manipulation in the U.S., as an " unacceptable risk ." Sun, who denies the accusations, also became an adviser to World Liberty Financial, a position he gained after picking up a $30 million stake in the platform last month in exchange for WLFI tokens. World Liberty Finance has not explicitly stated its decision to swap the tokens. On-chain data shows it has been active in the market in the past week, picking up millions of dollars worth of Aave (AAVE), Chainlink's LINK and Ethena's ENA tokens, all companies related to it through partnerships or integrations. Sun has little to do with WBTC directly. In August, BitGo, the original and longtime custodian of the bitcoin backing WBTC, said it would distribute control over the project's custody to three entities globally (including BiT Global) instead of just one to help decentralize the operation. BiT Global is registered as a Trust and Company Service Provider (TCSP) in Hong Kong and is a "strategic partnership between BitGo, Justin Sun, and the Tron ecosystem," according to the August release. Sun has no direct or indirect involvement on the cap table of those companies or the listed shareholders of BiT Global, board member Robert Liu said in an October interview Some board members believe Sun’s involvement is actually “good for WBTC,” he said, given the success of Tron, crypto exchange HTX and other businesses. “The Tron blockchain has more than 50% of global market share,” Liu said. “They have the highest turnover rate. So people have no issue putting more than $60 billion of the stablecoin assets circulating on Tron blockchain.”
Web3 entertainment and gaming has seen several iterations and ground-breaking innovations on blockchain. But it still leaves room for further innovation as blockchain’s potential remains underdeveloped. XProtocol has emerged as a phenomenon with its blockchain solution that redefines how users interact with the digital ecosystems. The blockchain possesses a comprehensive entertainment-focused DePIN (Decentralized Physical Infrastructure Network) superchain designed to deliver a whole new experience with blockchain technology. The project’s core mission extends beyond technological advancement but also targets mass audience engagement, democratizing access to Web3 technologies. XForge: A Gateway to Decentralized Rewards At the heart of XProtocol’s innovation is XForge, the world’s first node-operated blockchain DePIN smartphone. This groundbreaking innovation enables users to effortlessly generate passive rewards through decentralized infrastructure, making blockchain benefits tangible and accessible to millions. Users can participate in the DePIN network directly from their phone, earning rewards, airdrops, and other crypto-based incentives. XProtocol’s infrastructure is meticulously designed to solve critical challenges in blockchain adoption: Unprecedented Scalability: The platform can potentially surpass 1000 transactions per second (TPS) Micro-Transaction: Gas fees reduced to millionths of a cent Mass User Onboarding: Engineered to seamlessly integrate millions of new users into the Web3 ecosystem XProtocol focuses on the entertainment and gaming sectors, aiming to be at the cornerstone of the next evolution of digital experiences. The platform seeks to bridge the gap between traditional digital interactions and the emerging Web3 landscape, making blockchain technologies intuitive and valuable for everyday users. Upcoming Exciting Opportunities XProtocol’s native utility token ($KICK) powers the ecosystem with a broad range of essential features. The $KICK token public sale will be live on Fjord Foundry on December 19th–23rd. With this sale, XProtocol offers investors a unique opportunity to participate in a potentially transformative digital entertainment platform. Sale Details: Fixed Sale Price: $0.00875 per token Currency: USDC on Base Network Token Release: 100% on TGE (Q1 2025) Min/Max Allocation: 0 – 400M Sale Market Cap: $3.5M To participate in the sale, visit Fjord Foundry. To make the public sale even more enticing, XProtocol is introducing an exclusive Christmas Gift Campaign that promises significant value to contributors. Investors who contribute $700 or more during the public sale will unlock an extraordinary package of rewards. This includes an XForge smartphone valued at $499 and a FREE Xardian node worth $290. The offer is limited to one per wallet, and free nodes will be claimable one week after the sale through xprotocol.org/xardian-nodes . XProtocol’s Traction The project’s credentials are particularly compelling. As the number one Entertainment & Gaming Superchain on Base, XProtocol has reached 1.5 MAU, boasting a robust infrastructure supported by 10,000 active nodes and over 3,000 DePIN devices. The platform is preparing for an exciting AI Agents Ecosystem launch. With strong support from prestigious investors including Saison Capital, Zephyrus Capital, Dragonfly, and Coinfund, the project stands at the heart of innovation and entertainment-driven blockchain adoption. The project is bringing a whole new suite of solutions to the blockchain ecosystem and revolutionizes how the technology takes entertainment to a new level.
Coinbase, the largest U.S. cryptocurrency exchange by volume, flat out said in a court document filed yesterday that it delisted the wBTC token because of issuer BiT Global’s relationship with Tron founder Justin Sun. In response to a lawsuit over its November delisting of wBTC, the top wrapped bitcoin product on the Ethereum blockchain, Coinbase said in the very first sentence that it acted “due to the unacceptable risk that control of wBTC would fall into the hands of Justin Sun.” On Dec. 18, the judge hearing the case refused to issue a temporary restraining order barring Coinbase from delisting wBTC while the case goes forward. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Bitcoin’s price briefly dropped below $100,000 on Wednesday, hitting a low of $98,839, according to TradingView data. This decline followed the US Federal Reserve’s announcement that it plans to significantly reduce easing measures in 2025. In the past 24 hours, the broader crypto market has also seen over $780.24 million in liquidations. Fed’s hawkish shift surprises markets, driving crypto and stock declines The US Federal Reserve announced that it plans to significantly reduce easing measures in 2025. The Fed proceeded with a 25-basis point rate cut as expected. However, the updated dot plot, a chart showing rate projections from individual Fed members, indicated a 50-basis point increase. This caught markets off guard, which had earlier anticipated a 100-basis point reduction in 2025. The shift spooked markets, sending the 10-year US Treasury yield and the US dollar spiked sharply while cryptocurrencies and stocks took a severe beating. During his press conference, Fed Chair Jerome Powell said : “It’s not unlike driving on a foggy night or walking into a dark room full of furniture. You just slow down.” ~ Jerome Powell Bitcoin is presently trading at $101,393 after paring some losses. Altcoins drop as Bitcoin faces headwinds from Powell’s comments Apart from Bitcoin several altcoins also experienced a significant drop on Wednesday, with Ether plunging 6.5% and XRP falling 12.64%. The GMCI 30 index, which measures the performance of the top 30 cryptocurrencies, fell 7.18% in the last day. Bitcoin’s latest rally has been propelled by U.S. President-elect Donald Trump reaffirming his commitment to establishing a national strategic Bitcoin reserve. Adding to the bullish sentiment states such as Texas, Pennsylvania, and Florida have established bills to form state-backed Bitcoin reserves , amplifying optimism among traders. However, Powell said during a news conference on Wednesday that the central bank is not allowed to hold Bitcoin and is “not looking for a law change,” in response to a question on his view on the U.S. government Bitcoin reserve. Arthur Hayes, former CEO of BitMEX and current CIO of Maelstrom, recently wrote in an article that he anticipates a significant sell-off in the crypto market around Donald Trump’s inauguration in January. He believes investors will begin to recognize the gap between their expectations and the reality of the market. According to Hayes, the market will instantly face the reality that Trump has at best one year to enact any policy changes on or around January 20th. He noted that this realization will trigger a sharp sell-off in crypto and other Trump 2.0 equity trades. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap