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🌙 Fake Ledger App on Microsoft App Store

Hackers made off with over $700,000 in Bitcoin and other digital assets after a fake Ledger app was served up by Microsoft.

Author

Mike Gavela
November 06, 2023

Crypto Roundup - Nov 6

Hackers have exploited a fake Ledger app on the Microsoft App Store to steal nearly $1 million in cryptocurrency, with the theft totaling $767,238 in Bitcoin, Ethereum, and BNB Smart Chain assets. Following the revelation by blockchain analyst ZachXBT, Microsoft removed the counterfeit app, while Ledger has not yet publicly addressed the incident. In the crypto market, XRP has led an altcoin rally with an over 22% price increase in a week, following Ripple's legal victories against the SEC and new partnerships to develop a CBDC with the central bank of Georgia. These developments have propelled XRP to overtake BNB as the fourth-largest token by market cap. Elsewhere, Bitcoin remains stable around $35,000 as market sentiment grows optimistic with expectations of a dovish Federal Reserve, especially after the U.S. jobs report indicated a potential slowdown in rate hikes.

Top Stories:

  • Fake Ledger App Scam: Hackers steal nearly $1 million in crypto through a fake Ledger app on the Microsoft App Store.

  • XRP Leads Altcoin Rally: XRP surges, surpassing BNB in market cap after Ripple's legal wins and CBDC partnership announcements.

  • BTC Holds $35k: Bitcoin's stability around $35,000 is buoyed by expectations of a dovish turn from the Federal Reserve.

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TOP STORIES

Hackers Pinch Nearly $1 Million in Crypto Via Fake Ledger App on Microsoft App Store - Decrypt

Hackers made off with over $700,000 in Bitcoin and other digital assets after a fake Ledger app was served up by Microsoft.

decrypt.co/204506/fake-ledger-app-microsoft-app-store-zachxbt

XRP leads altcoin rally as Ripple scores legal wins and new CBDC partnerships

The price of XRP has increased by over 8% in the past 24 hours to become the top-performing digital asset in the cryptocurrency top ten.

www.theblock.co/post/261737/xrp-leads-altcoin-rally-as-ripple-scores-legal-wins-and-new-cbcd-partnerships

Bitcoin holds near $35,000 as analysts anticipate a more dovish Fed

Bitcoin is holding around the $35,000 mark, as weaker U.S. jobs data suggests the Fed will adopt a dovish stance, Bitfinex report.

www.theblock.co/post/261732/bitcoin-holds-near-35000-as-analysts-anticipate-a-more-dovish-fed

FUNDRAISES

OTHER HEADLINES

FCA discussion paper advances UK stablecoin framework

A discussion paper from the Financial Conduct Authority lays out the British approach to regulating stablecoins tied to fiat currencies

blockworks.co/news/uk-fca-stablecoin-regulation-fiat

Cardano Blockchain Plans to Adopt Polkadot's Substrate Framework - The Defiant

Cardano plans to use Polkadot's Substrate framework for the development of its upcoming "partner chain" initiative.

thedefiant.io/cardano-blockchain-adopts-competitor-polkadot-s-framework

Large cap stablecoins have depegged 609 times this year, Moody’s Analytics says

Stablecoins with market capitalizations of over $10 billion have depegged 609 times so far this year, Moody's Analytics said in a new report.

www.theblock.co/post/261727/large-cap-stablecoins-have-depegged-609-times-this-year-moodys-analytics-says

Investor rush into crypto products the largest since 2021 bull market high

Investor funds have continued to flow into cryptocurrency investment products in November, following a significant influx in October.

blockworks.co/news/cryptocurrency-investment-bull-market

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