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Uninstall Now: This Android App Is Secretly Stealing Crypto
AppWizard
September 26, 2024

Uninstall Now: This Android App Is Secretly Stealing Crypto

A fraudulent Android application posing as "WalletConnect" has stolen over 0,000 from approximately 150 users. The app, which initially appeared as "Mestox Calculator" in March, has undergone several name changes, including "WalletConnect - Crypto Wallet." It was found to have generated fake five-star reviews while also receiving reports of it being a scam. Although removed from the Google Play Store, users are advised to delete it immediately. The app functions as a web browser leading to a calculator site, and if certain criteria are met, users are redirected to a malicious site. This site is suspected of harboring malware. The underlying malware, known as MS Drainer, targets crypto wallets and has previously drained over million through phishing ads. WalletConnect, the legitimate platform, has warned users about fake apps since 2021 and clarifies that it does not have a standalone app.
Integrating Messaging, Payments and Social Updates Into One Master App
AppWizard
August 13, 2024

Integrating Messaging, Payments and Social Updates Into One Master App

The founder of a mobile advertising startup, acquired by Blackstone in 2019, notes the evolution of integrated applications like China's WeChat, which has over 1.3 billion monthly active users and combines messaging, gaming, photo sharing, video conferencing, and mobile payments. Current payment solutions like PayPal operate independently, lacking the desired seamless integration. Regulatory challenges hinder the development of similar all-in-one apps in the U.S., despite interest from tech giants like Facebook and Elon Musk, who aims to transform Twitter (now X) into a comprehensive "everything app." Telegram has also introduced USDT stablecoin payments and is pursuing a similar goal despite past regulatory setbacks. The successful launch of a master app could unlock significant revenue opportunities, though rigorous regulatory scrutiny is anticipated.
Telegram messaging app transforms into blockchain innovator
AppWizard
August 10, 2024

Telegram messaging app transforms into blockchain innovator

Telegram, launched in 2013 by brothers Nikolai and Pavel Durov, began as a messaging app and later integrated with the TON blockchain, aiming to transform digital transactions. The TON blockchain's development started with a whitepaper in 2018, and Telegram raised approximately .7 billion through a private sale of its native Gram token. In October 2019, the SEC filed a complaint against Telegram for conducting an unregistered securities offering, leading to a court ruling in March 2020 that halted the distribution of Gram tokens. Telegram subsequently abandoned the project in May 2020 but supported the independent development of TON, which was rebranded as The Open Network. In September 2023, Telegram integrated the TON Space wallet and introduced a revenue-sharing system in Toncoin. By May 27, 2024, the total value locked on TON surpassed billion. Telegram has become a hub for the crypto community, facilitating discussions and collaborations. It launched an in-app browser and a mini app store, with popular mini-apps like Notcoin and Hamster Kombat attracting millions of users. Telegram has raised billion through bond issues since 2021 and is exploring a potential IPO by 2025.
Rise of Telegram-friendly chain spurs talk of crypto super app
AppWizard
July 9, 2024

Rise of Telegram-friendly chain spurs talk of crypto super app

The TON blockchain project, with ties to Telegram Messenger, has seen a surge in value and popularity this year, with its token breaking into the top 10 by market capitalization. Despite previous regulatory issues, TON's performance has rekindled hopes that Telegram may evolve into a "super-app" incorporating social interactions, gaming, and financial tools. The project is focusing on payments and remittance, with enhanced security measures such as new KYC and AML checks being enforced.
Telegram's Bold Leap: From Messaging App to Crypto Empire
AppWizard
April 21, 2024

Telegram’s Bold Leap: From Messaging App to Crypto Empire

Telegram's founder Pavel Durov discussed the platform's future at the Token2049 conference, outlining plans for Telegram to become a crypto empire. One of the significant announcements was the integration of the stablecoin USDT on the TON blockchain, allowing millions of users easy access to cryptocurrencies with fixed transaction fees.
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