Verified AudiA6: Cryptocurrency Mixer & Exchange

AudiA6Support · Nov 29, 2024

Dogecoin Overtakes Porsche in Market Cap

Dogecoin has surpassed the German automaker Porsche in market cap. According to Cointelegraph, Dogecoin has reached $57.8 billion, while Porsche's capitalization remains slightly above $56 billion.

The main reason for the growth was the interest of American billionaire Elon Musk, who actively mentions the memecoin on social networks and in public speeches. In addition, the excitement around the coin was increased by the news of the creation of the US Department of Government Efficiency (DOGE), which will be headed by Musk. The similarity of the department's name to the acronym of the cryptocurrency has generated increased interest from investors.

Another catalyst was the announcement by Valour of the launch of the first exchange-traded product based on Dogecoin in Sweden. This tool allows investors to gain access to the crypto asset without having to buy it directly.

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AudiA6Support · Dec 5, 2024

TRON Soars 103% to New All-Time High

TRON (TRX) saw a 103.4% gain on December 3, hitting a new all-time high of $0.45. However, at the time of writing, the daily gain has slowed to 63.6%, with the price sitting at $0.381. The cryptocurrency has fallen to 11th place by market cap ($32.5 billion) after briefly being in the top 10.

Rachel Lucas of BTC Markets linked the TRX rally to political instability in South Korea.

“TRX’s role as a widely used token for transfers between exchanges makes it a tool for traders looking to quickly move funds between platforms,” she explained.

She believes that restrictions on trading on Upbit, which sometimes accounts for more than 80% of digital asset turnover in South Korea, may have contributed to the increase in TRX trading volume.

Presto Research analyst Min Jeong doubted the impact of the political crisis on the crypto asset's dynamics, noting that the growth was also supported by projects like Iota and Vechain.

TRON founder Justin Sun did not ignore the rally:

"Six years later. Still here. Still #BUIDLing. Everything has changed, but one thing has not changed: TRON remains a contender for a place in the top 10," he commented.

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AudiA6Support · Dec 10, 2024

UAE Central Bank Approves First Dirham-Pegged Stablecoin

The UAE Central Bank has approved the creation of the country's first stablecoin pegged to the national currency — AED Coin. The developers of AED Coin said that this stablecoin will become a reliable and stable payment instrument, meeting the needs of both the population and businesses. The main goal of the project is to provide a modern financial instrument for access to technologies such as e-commerce, money transfers and decentralized finance.

The launch of AED Coin is fully consistent with the "UAE Digital Development Strategy", the company said. This will be an important step towards the digitalization of the country's financial system, ensuring the security and stability of transactions. Earlier, Tether also announced its intentions to create a dirham-pegged stablecoin.

The AED Coin project is being implemented with the support of the Phoenix Group cryptocurrency conglomerate, listed on the Abu Dhabi stock exchange, as well as the investment company Green Acorn.

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AudiA6Support · Dec 13, 2024

Ledger User Reports $2.5 Million in Crypto Assets Theft

A Ledger hardware wallet owner has reported the loss of $2.5 million in digital assets, including 10 BTC worth $1 million and an NFT worth $1.5 million. The user, who goes by the pseudonym Anchor Drops, claims that the Ledger Nano S, which was purchased directly from the manufacturer, was used securely and that the seed phrase was never entered online. Despite this, the assets were stolen even though the wallet had not been used for two months, raising questions in the crypto community.

The opinions of the participants in the discussion are divided. Some believe that the problem is related to a long-standing vulnerability in Ledger or new security glitches. Others suggest that human error could be the cause, even if the user is confident in their own caution. The incident has added to the doubts about Ledger’s reputation, especially amid recent complaints about phishing attacks and suspicions of data collection through the Ledger Live software.

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AudiA6Support · Monday at 3:33 PM

FASB Approves Rules for Measuring the Fair Value of Crypto Assets

The Financial Accounting Standards Board (FASB) has adopted rules for measuring the fair value of crypto assets. This change closes a gap in corporate reporting, as crypto assets were previously reported solely at their purchase price.

Companies will now update their crypto asset value data each reporting period. According to FASB, the new standard makes accounting for cryptocurrencies more similar to accounting for traditional financial instruments.

The updated approaches will improve the transparency and accuracy of financial reporting, allowing investors to better assess the financial risks, cash flows, and performance of companies.

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AudiA6Support · Wednesday at 4:36 PM

Ledger owners hit by new phishing attack

Users of Ledger hardware wallets have been hit by a new phishing attack aimed at stealing private keys and recovery phrases.

Scammers posing as Ledger support send messages about a leak of confidential data and ask users to check their recovery phrase. The links in these messages redirect to fake sites disguised as official Ledger services.

The phishing page checks the entered words against acceptable options and reports that the phrase is invalid. This forces the victim to re-enter the data, which allows the scammers to verify the correctness of the entered words.

Ledger reminded that the company never asks for a recovery phrase and warns users against sharing this information with third parties.

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