Wednesday 1 February 2023
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Price analysis 7/29: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

Bitcoin (BTC) hit a six-week high above $24,000 on July 29, extending its rally that picked up momentum after the United States Federal Reserve hiked rates by 75 basis points on July 27. If the rally sustains for the next two days, Bitcoin could be on target to close the month of July with gains of more than 20%, according to data from Coinglass. It is not only the crypto markets that have seen a post-Federal Open Market Committee (FOMC) rally. The U.S. equities markets are on track for big monthly gains in July. The S&P 500 and the Nasdaq Composite are up about 8.8% and 12% in July, on track to their best monthly gains since November 2020. Daily cryptocurrency market performance. Source: Coin360The crypto and equities markets have risen in the expectation that the pace of rate hikes by the Fed will slow down in the future. Arthur Hayes, ex-CEO of derivatives platform BitMEX, believes that the Fed will not increase rates further and may eventually return to an accommodative monetary po..

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13 apps removed after researchers uncover Trojan crypto wallet scheme

Research by cybersecurity firm ESET has uncovered a “sophisticated scheme” that disseminates Trojan applications disguised as popular cryptocurrency wallets. The malicious scheme targets mobile devices using Android or Apple (iOS) operating systems which become compromised if the user downloads a fake app. According to ESET‘s research, these malicious apps are distributed through bogus websites and imitate legitimate crypto wallets including MetaMask, Coinbase, Trust Wallet, TokenPocket, Bitpie, imToken and OneKey. The firm also discovered 13 malicious apps impersonating the Jaxx Liberty wallet, available on the Google Play Store. Google has since removed the offending apps installed more than 1,100 times, but there are still many more lurking out there on other websites and social media platforms. The threat actors disseminated their wares through social media groups on Facebook and Telegram, intending to steal crypto assets from their victims. ESET claims to have uncovered “dozens of..

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