TRON’s BitTorrent Token (BTT) up an Incredible 569% Since Last Week’s Launch

On Monday (February 4th), a day after getting listed on cryptocurrency exchange KuCoin, TRON's BitTorrent Token (BTT) continued its highly impressive run since its first public sale on Binance Launchpad last Monday (January 28th), going up almost 50% against Binance Coin (BNB) in the past 24-hour period alone.

On January 18th, cryptocurrency exchange Binance announced that its token launch platform, Binance Launchpad, would be exclusively offering TRON's BitTorrent Token (BTT) for the first time on January 28th starting at 15:00 UTC. Binance's blog post also mentioned that the BitTorrent Token sale would "run in two simultaneous sessions: one for purchases using Binance Coin (BNB) and another for purchases using TRON (TRX)," with 23.76 billion BTT for sale in the former and 35.64 billion BTT for sale in the latter. We were told that each BitTorrent Token would cost approximately US$ 0.00012, and that we would only find out the exact price on the day of the sale.

Last Monday (January 28th), as reported here, the public sale of TRON's BitTorrent Token (BTT) on Binance Launchpad ended in less than 15 minutes, with 59.4 million tokens sold in under 15 minutes. Each BTT was priced at 0.00001824 BNB or 0.00447261 TRX. This is how Justin Sun, TRON Foundation's CEO announced the results of the sale:

Two days later, Binance announced that it had listed BTT:

 

Examples of major cryptocurrency exchanges that have listed BTT in recent days are Upbit (January 31st), OKEx (February 1st), KuCoin (February 3rd). According to a blog post by BitTorrent, other exchanges listing BTT are Cointiger,  Bitbns, and TRX Market.

According to CryptoCompare, at press time, BTT is trading at 0.0001221 BNB, up 43.29% in the past 24-hour period. Here is the one-day chart:

BTT_One Day_Chart_4 Feb 2019.png

Since we know that the launch price for BTT on the day of its launch (January 28th) was 0.00001824 BNB, this means that in the past one week, BTT has gone up an incredible 569%. 

Featured Image Courtesy of BitTorrent 

Coinbase Doesn’t Want You to Get Scammed on Telegram

On Friday (April 19), cryptoasset exchange Coinbase's security team explained how various "threat actors" are trying to use Coinbase's brand to commit scams on messaging platform Telegram. 

Telegram is a free cloud-based messaging app with the ability to make voice/video calls. It is available as a web app, a mobile app (OS and Android), and a desktop app (MacOS, Windows, and Linux). In recent years, it has become the messaging platform of choice for cryptocurrency traders/investors, developers, and entrepreneurs for various reasons, such as the ability to create price bots.

In a long, detailed article published on Friday, Matt Muller, Head of Security Operations at Coinbase, started by pointing out that "Coinbase does not provide support through Telegram, nor do we have any authorized groups or channels." (In fact, "Coinbase has no official presence on Telegram," and "any usage of the Coinbase logo or brand on Telegram" should be considered a scam.)

He then went on to say that Coinbase's security team has been following the activities of "several threat actors attempting to leverage the Coinbase brand on Telegram for purposes ranging from crypto scams to account takeovers." 

In order to help users of Coinbase and other exchanges recognize "the signs that they may be talking to a scammer," Muller outlined some of the most common scam techniques on Telegram.

  • Employment Scams"Scammers on Telegram impersonate Coinbase recruiters and executives with fake career opportunities. These scams prey on job seekers, soliciting payment for training materials, mining hardware, or in some cases providing stolen financials for the purposes of money laundering. These job offers will appear very legitimate, with forged offer letters and seemingly astute interview questions. Coinbase recruiters will never contact job seekers via Telegram."
  • Giveaway Scams: "Impersonations of our executives and brand to perpetuate giveaway scams are becoming increasingly common on Telegram. One channel in particular, titled simply Coinbase, advertises a new giveaway scam almost daily."
  • Load-up Scams: "Telegram frequently hosts scammers advertising the buying or 'loading' of accounts with high limits. These scammers ask to access your Coinbase account, so they can use your verified limits to buy digital currency. While they claim to split profits with the account holder, in actuality, they use stolen credit cards and bank accounts, leaving you responsible for facilitating a financial crime. When the legitimate card or account holder reverses payments, you will be responsible for any account delinquencies caused by the fraudulent bank reversals. In many cases, the scammer will lock you out of your account, use your own payment methods without consent and steal any available digital currency."
  • Tech Support Scams: "Scams impersonating customer support take many shapes and sizes... Scammers will impersonate Coinbase or Coinbase employees, asking you to take action that results in theft of digital currency. Some scams involve fake promo offers. Many of these scams ask for remote access to your computer, something Coinbase personnel will never ask for... In other situations, the scammers pressure you into 'upgrading' or securing your Coinbase account by sending digital currency to their external address."
  • Coin Listing and ICO Scams: "Scammers on Telegram often approach project developers soliciting payment for asset listings on Coinbase and other digital asset exchanges. In addition, scams promising investment bonuses on new ICO listings are prolific."

Featured Image Credit: Photo by "geralt" via Pixabay.com