New Trezor Wallet Phishing Website Surfaces, tlezor.io, to Steal Users Private Keys

A new phishing website, tlezor.io has surfaced that’s imitating the Trezor brand. The website intends to steal the user’s recovery seed which would give scammers control over the user’s funds tied to their Trezor device.

The newest phishing site is one of many that have surfaced over the last couple of weeks. The websites looks like a near-identical clone to the original to and have the same features and functionality.

To make sure you are visiting the correct addresses for Ledger, ensure that the address bar shows ledger.com. For Trezor, the actual site’s address is trezor.io.

Below are some examples of the phishing domains:

  • Leedger.io
  • Ledger.co
  • Tlezor.io
  • Trenor.ml

As Bitcoin Exchange Guide reported earlier this week, scammers are serving up Google ads to direct people to these domains. The scammers will be paid each time a user clicks on the ad, and it’s uncertain how many people have clicked or otherwise fallen victim to this newest scam.

Some users on Twitter have been quick to point out that these domains are being used by scammers and have let both Ledger and Trezor know of their existence.

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Author: Matthew North

Leaked Internal Bitmain Meeting Transcript Shows Mining Company’s Leadership Troubles

Bitmain is not having an easy time right now. A transcript of a staff meeting has recently surfaced online and it shows that there is a power struggle happening inside the largest mining rig manufacturer in the world.

The documents, which were obtained by the crypto media outlet Coindesk, show the co-founder Jihan Wu explaining why he abruptly ousted Micree Ketuan Zhan, the second co-founder of the firm.

Wu, previously had stepped down from his management role back in December 2018, came back as Bitmain’s chairman this week. One of his first actions was to notify Zhan that he would be dismissed from all his roles in the company. The reason for that, Wu believes, is that Zhan escalated a simple disagreement into a power struggle, so he had to act.

Both executives have “butted heads” since 2015, but the situation only became more tense this year, when Wu and other execs chose to lay people off. Zhan disagreed and took the decision to mid-level management executives, who sided with his opponents. After that, Zhan started to become bitter and has made several decisions that escalated the power struggle to the next level.

Wu said in Tuesday’s meeting:

“Everyone knows in 2018, the company spent unnecessary and hasty investment everywhere on research and development projects and hiring dozens and hundreds of people without a second thought. Everyone supported the layoffs.”

2019 has certainly not been a great year for Bitmain, as the market share of the company is declining while its rivals taking it. Canaan, InnoSilicon and WhatsMiner have all grown this year.

Wu accused the other co-founder of betting on “crazy ideas” like artificial intelligence and not being focused enough on the bread and butter of the company: mining equipment. Now that the conflicts did not seem to slow in their escalation, Wu made the decision to remove his old friend out of the way.

Wu stated,

“Some said inside the company, I’m the one who handles business and Zhan handles technology. I want to ask, between Zhan and I, who really has a love for the technology? Zhan doesn’t love technology, he loves that feeling of fulfilling his endless desire for power. He doesn’t love technology, he loves vanity. Folks, we have no options but to keep Zhan away from this company.”

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Author: Gabriel Machado

Rumor: Coinbase and Ripple May Start Partnership at Recent Global Blockchain Event

A hot new rumor has surfaced in the crypto world after the OECD Global Blockchain Policy Forum, which happened in Paris this week. After a recent discussion in this forum, several people in the industry are commenting on a possible partnership between Ripple and Coinbase.

The Daily Hodl has reported on this story and affirms that it all started during the speech of Breanne Madigan, who works as the head of the global markets team at Ripple. She was participating on the panel about digital finances and talking about the solutions of the company.

Madigan talked about the famous solution, xRapid, and used Coinbase as an example of the kind of company that would benefit from using this technology. Her example was that someone could send money from the U. S. to Mexico easily using the system because of a recent partnership that Ripple made with MoneyGram.

The dollars would be sent via the company, which would swap them for XRP, send it to another exchange in Mexico, which would swap it into Mexican pesos. This could bring several benefits.

She also talked about how Ripple is invested in having enough liquidity to take xRapid to other payment corridors as well. This would scale the product and make it even more efficient. One part of her speech stands out:

“We’ve been strategically partnering with a number of market makers around how we establish contracts and incentives for people to want to engage.”

This means that the company is focused on these partnerships with special companies to get more liquidity and a larger market share. Coinbase, an example that was given during the speech, is a great partner for this move.

Because of this, people all over social media started to speculate. The Daily Hodl cites the XRP Research Center, a pro-XRP profile, which talks about how a partnership is very possible. Should we give some credit to this rumor? It’s hard to say for now.

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Author: Hank Klinger

Ripple Rumor: MoneyGram and Visa’s New P2P Debit Card May Use XRP Based On Past Partnership

A very interesting rumor has surfaced in the crypto world this week. MoneyGram has recently announced a partnership with Visa to create a new P2P debit card. Now, the XRP community believes that XRP tokens may be involved in this deal.

The official press release affirms that this new P2P system will be used for money transfers in the U. S. People will be able to send money domestically using the app, which will use Visa Direct.

Visa Direct is a platform that is being used by Visa for payments all over the world. According to Alex Holmes, the chief of MoneyGram, the company is always focused on creating the best experiences and to empower its users to send money to family and friends.

The Rumors About the XRP Use

As you may know, MoneyGram was recently acquired by Ripple. This prompted several people on the internet to believe that the new debit card service may use XRP tokens as a way to transfer money. This would, according to the community, be a huge boost for the popularity of the crypto asset.

XRP tokens are very good for quick international transactions, so the community is betting that the service will be used for international payments when the service finally startds to be used outside of the U. S.

Obviously, many people still doubt this theory and so should you. Despite how quickly this rumor grew in the XRP community, there is absolutely no real indication that the whole theory is true. We’ll still have to wait for a long time before we can be certain that XRP will indeed be used in this new product.

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Author: Gabriel Machado