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Best Crypto For Under $1 – Gorilix (SILVA), Cardano (ADA), MATIC And More

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Best Crypto For Under $1 – Gorilix (SILVA), Cardano (ADA), MATIC And More

Gorilix Defi (SILVA) – Overall Best Crypto under $1 for 2022

Currently available for just $0.01679, SILVA tops our list for best crypto available for under $1. After seeing its price more than double in value since its presale began in mid-June, SILVA has built up a steady amount of traction, proving early adopters right in their decision to back the high-flying, high-growth crypto.

Gorilix Defi, the platform behind SILVA, allows customers to become their own crypto bank, letting them lend, stake, save and borrow crypto. When staking or lending crypto through the Gorilix platform, customers can earn up to 20% interest per year which will be paid in SILVA tokens.

The support for the platform and the impressive 8-step roadmap detailed by the company have both contributed to the continued growth of the SILVA token, which is currently outperforming major cryptos, growing 110%, while powerhouses like Bitcoin and Ethereum are down by -35% and -41% respectively in the last month.

To buy your SILVA tokens, visit Gorilix.io.

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To register for the presale: https://cabinet.gorilix.io/sign-up

To join the Telegram, Twitter & Instagram: https://linktr.ee/Gorilix

Cardano (ADA) – Largest market cap of all cryptos under $1

Cardano is a proof-of-stake blockchain platform whose goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change. Launching in 2017, Cardana has grown over time to become the 7th biggest cryptocurrency by market cap, with a dominance of 1.7%.

Cardano has stated it aims to “redistribute power from unaccountable structures to the margins to individuals.” Doing this will help create a secure society with increased transparency and fairness.

Basic Attention Token (BAT)

BAT is the token that powers a new blockchain-based digital advertising platform that rewards users for their attention and, in turn, helps advertisers use their ad spend to ensure they maximize their value and get the best possible returns.

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Brave Software designed Basic Attention Token as part of its ambition to redefine and change how the internet gathers data, displays ads, and treats users. With a market cap of $547 million, analysts believe that the token is currently significantly discounted and primed to rise in the future.

Polygon (MATIC)

Polygon is a platform created to scale Ethereum and aid its infrastructure development. The purpose of Polygon is to ensure compatibility by connecting every Ethereum-based DApp (decentralized application). Polygon effectively transforms Ethereum into a full-fledged multi-chain system (Internet of Blockchains). This multi-chain system is akin to others such as Polkadot, Cosmos, Avalanche, etc., with the advantages of Ethereum’s security, vibrant ecosystem, and openness

The post Best Crypto for under $1 – Gorilix (SILVA), Cardano (ADA), MATIC and more appeared first on .

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Netskope Discovers Hackers Are Using Google Sites And Microsoft Azure To Steal Crypto

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Netskope Discovers Hackers Are Using Google Sites And Microsoft Azure To Steal Crypto

Attackers are taking advantage of certain SEO techniques to direct users to phishing sites for wallet apps like Metamask and exchanges such as Coinbase and Kraken. These sites, created in Google Sites and Microsoft Azure, fool users into introducing their personal information, allowing malevolent entities to siphon their funds from these services, according to Netskope.

Cryptocurrency Phishing Scheme Uses SEO, Google Sites, and Microsoft Azure, According to Netskope

A new kind of cryptocurrency phishing scam scheme has been detected by Netskope, an online security company, that involves SEO techniques and copycat pages. According to a report from the company, throughout 2022, it has been detected that attackers are using blogs as tools to distribute links to phishing sites.

In these blogs, the attackers post links with SEO content that allows them to rank high in search engine queries. This means that the links will be reviewed by many people, which can then open them to believing these are linking to real crypto sites. However, the links are directing the users to phishing sites that are very similar to crypto-based sites, such as the website for Metamask.

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Other sites also mimic exchanges such as Coinbase, Gemini, and Kraken.

Phishing Mechanism

These phishing sites, which are hosted either on Google Sites or use Microsoft Azure, are designed to fool the users and take their personal information in two different ways. The first one has to do with acquiring the private seeds of the wallets of the users directly by prompting them to import this data. This is the method that the Metamask phishing site is currently using.

The second one has to do with obtaining the info of the users’ accounts in any of the exchanges being phished. When the users input their info, the sites return an error and prompt them to contact a support operator that will try to obtain more info about the users to successfully acquire their funds.

Netskope stated:

Netskope strongly recommends users never enter credentials after clicking on a link. Instead, always navigate directly to the site you are trying to log in to. For organizations, we also recommend using a secure web gateway, capable of detecting and blocking phishing in real-time.

Phishing scams are not new in the cryptocurrency world. Binance detected and warned about a massive phishing scam involving SMS in February.

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What do you think about the new phishing scheme involving SEO, Google Sites, and Microsoft Azure-hosted webpages? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Philippines’ Unionbank To Support Cryptocurrency Exchange Via Mobile App

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Philippines’ Unionbank To Support Cryptocurrency Exchange Via Mobile App

Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its clients. The financial institution will offer select users of its mobile app the option to exchange bitcoin and other digital currencies without a separate wallet.

Unionbank to Add In-app Crypto Exchange Feature, Reportedly a First in the Philippines

The Union Bank of the Philippines (Unionbank) is working to become the first universal bank in the country to facilitate cryptocurrency exchange within its mobile application. Users will be able to buy and sell cryptocurrencies such as bitcoin directly from the banking app, the lender said, doing away with the need to have a third-party wallet.

In a statement quoted by the ABS-CBN broadcasting network, Unionbank shared its view that blockchain is a technology that will power the future of banking. “At the same time, we also recognize that cryptocurrency has been one of the services that a lot of customers are already looking for, especially the younger generation, and this demand was accelerated by the pandemic,” commented Cathy Casas, head of digital asset markets, blockchain and application programming.

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Unionbank, which is one of the top 10 banks by assets under management in the Philippines, has already established itself as a crypto-friendly institution. About a year ago, it announced preparations to pilot a custody service for cryptocurrencies, and in January of this year, the bank unveiled a plan to facilitate crypto trading.

The new exchange functionality will initially be offered to randomly pre-selected users of the banking app, Unionbank explained, but emphasized it will aim for a wider rollout in the near future. Senior Executive Vice President, Chief Technology and Operations Officer, and Chief Transformation Officer Henry Aguda has been quoted as saying:

Not only does this help us ensure that the bank is more future-ready, we are also able to serve the needs of our customers who use cryptocurrencies.

The top executive added that the in-app crypto exchange feature is among the projects the bank is working on as it prepares to enter the metaverse. Another initiative in the same direction is the partnership with NFT game Art of Dreams which was announced in April. The bank also intends to launch a Metaverse Center of Excellence in the coming months.

While the platforms of some digital banks in the Philippines, like Maya, are already offering exchange options for crypto assets, Unionbank will be the first major traditional lender to implement one. The bank is a licensed cryptocurrency exchange. Bangko Sentral ng Pilipinas, the country’s central bank, is the authority that issues licenses to crypto trading platforms and service providers in the Philippines.

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App, application, Bank, Bitcoin, Crypto, crypto exchange, Cryptocurrencies, Cryptocurrency, Cryptocurrency Exchange, Exchange, Feature, function, launch, Mobile App, Philippines, service, unionbank

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Do you expect other banks in the Philippines to offer crypto-related features in their mobile apps? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, Walter Eric Sy

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Dutch Law Enforcement Arrests Suspected Tornado Cash Developer In Amsterdam

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Dutch Law Enforcement Arrests Suspected Tornado Cash Developer In Amsterdam

According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.”

Netherlands Law Enforcement Takes Suspected Tornado Cash Dev Into Custody, Officials Hint About the Possibility of Future Arrests

Four days ago, the U.S. Treasury Department’s watchdog, the Office of Foreign Asset Control (OFAC), banned the ethereum mixing application Tornado Cash and 44 associated Ethereum-based addresses. Now Dutch law enforcement has revealed that FIOD has arrested a 29-year-old unidentified person that is accused of developing Tornado Cash. The press release published by the Dutch authorities notes that the suspect will be brought before a judge and further hints that “multiple arrests are not ruled out.”

Dutch investigators say that since 2019, Tornado Cash recorded a turnover of around $7 billion and law enforcement officials believe “at least one billion dollars’ worth of cryptocurrencies of criminal origin passed through the mixer.” The individual’s identity has not been disclosed by officials in Amsterdam but Dutch authorities stress that “advanced technologies, such as decentralised organisations” are getting extra attention from the FIOD if they are suspected of money laundering practices.

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The FIOD press release adds:

It is suspected that persons behind this organisation have made large-scale profits from these transactions.

Suspect’s Arrest Follows Celebrity Dusting and Github Bans

The arrest follows the OFAC ban announcement that took place on August 8. “The following entity has been added to OFAC’s SDN list: Tornado Cash,” OFAC’s Cyber-related Designation report details. Then a couple of developers who had worked on the open source Tornado Cash codebase via Github got their accounts suspended, and some commits were erased from the software repository. Additionally, centralized crypto business operators like Circle froze addresses that were allegedly associated with OFAC’s Tornado Cash ban.

After the Github suspensions and assets were frozen, an unusual twist happened when an anonymous Tornado Cash user sent small fractions of ethereum (ETH), otherwise known as dusting, to a great number of celebrities and well known companies. Famous people like Snoop Dogg, Steve Aoki, Logan Paul, and Beeple were dusted alongside organizations like the sneaker company Puma and the Ukraine Donation address.

A spokesperson from Puma explained that the company had received a transaction of around 0.075 ether. “Puma has no business relationship with Tornado Cash and had no prior knowledge of the payment. This matter is currently under investigation,” the Puma spokesperson explained to the Wall Street Journal.

Treasury Official Claims Tornado Cash ‘Repeatedly Failed to Impose Effective Controls,’ OFAC’s Tornado Cash Press Release Mentions the Takedown of the Mixer Blender.io

The current undersecretary of the Treasury for terrorism and financial intelligence, Brian Nelson, explained on Monday that Tornado Cash failed to comply with regulatory policies.

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“Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks,” Nelson said. “[The] Treasury will continue to aggressively pursue actions against mixers that launder virtual currency for criminals and those who assist them,” the Treasury’s investigator added. U.S. authorities also noted the takedown of the mixer Blender.io.

While Tornado Cash has received a lot of attention from the media, back in May, Blender.io was the first cryptocurrency mixing application sanctioned by OFAC. In the same fashion, OFAC claimed Blender.io was used to regularly facilitate criminal transactions. The Treasury detailed that the North Korean hacking syndicate Lazarus Group used the mixer to obfuscate $620 million in crypto funds stolen from the Ronin bridge hack (Axie Infinity). OFAC associated Tornado Cash transactions with Lazarus Group as well.

OFAC added a few crypto addresses to the SDN list back in April. In addition to Tornado Cash and Blender.io, an American citizen was arrested and sentenced to prison for violating North Korean sanctions. Former Ethereum developer Virgil Griffith was found guilty of one count of conspiracy to violate the International Emergency Economic Powers Act (IEEPA). Griffith spoke at a blockchain conference hosted in the Democratic People’s Republic of Korea (DPRK) and Griffith was charged with aiding the enemy after he allegedly gave the DPRK “technical advice on using cryptocurrency and blockchain technology to evade sanctions.”

Tags in this story

Amsterdam, Amsterdam Police, Brian Nelson, Crypto, Cryptocurrency, Digital Assets, Dutch Arrest, dutch authorities, Dutch investigators, Dutch Law Enforcement, FIOD, Hackers, Lazarus Group, Lazarus Group attack, Mixing Application, north korea, North Korea Lazarus Group, north korean hackers, OFAC, OFAC list, sdn list, Tornado cash, Tornado Cash ETH, Tornado Cash ETH addresses, Tornado Cash mixer, Tornado Cash USDC, treasury department, US Treasury, Virgil Griffith

What do you think about the Tornado Cash situation and the U.S. government’s recent enforcement against the crypto mixing application? Let us know what you think about this subject in the comments section below.

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Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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