Tag: App

Cerus Markets Launches its Mobile Trading App $10,000 Giveaway

by Blockchain News

Labuan, Malaysia, 2nd March, 2023, Chainwire

Cerus Markets is excited to launch its Mobile Trading App Giveaway!

Announcing an upcoming release of its trading platform, Cerus Markets is excited to offer traders an opportunity to be the first to access its Mobile Trading App and take a chance to win a share of $10,000 in cash.

Cerus Markets is a regulated crypto broker offering a revolutionary way to trade digital assets. With its Mobile Trading App, traders will be able to access derivatives that allow speculation on major global Stocks, Commodities and Metals trading paired against currencies and crypto – all with zero fees and leverage up to 100:1. 

To register for the Giveaway, visit cerus.app, sign up for the waitlist and download the trading app once it becomes available. 

A total of three winners will be chosen at random and announced via email and social media. $5,000 is awarded to the first winner, $3,000 to the second and $2,000 to the third.

Sign up for a $10,000 Cash Giveaway at cerus.app.

About Cerus Markets

Cerus Markets Limited is a multi-asset broker authorized and regulated by the Labuan Financial Service Authority. Cerus Markets represents a new type of global brokerage providing access to cryptocurrencies, forex, stocks and commodities all from one trading platform – all without fees. Users can access from their mobile device or web browser, and never miss a trade. 

Cerus Markets’ goal is to enable market access for all trading levels, therefore there are no entry fees that allow traders to place positions on multiple digital assets with as little as $50.

Learn more about Cerus Markets at cerusmarkets.com

Socials: Telegram  | Twitter  | Instagram 

Contact

Marketing Director
Veronica Imasheva
Cerus Markets
marketing@cerusmarkets.com
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US Senator Challenges Apple and Google about Fraudulent Crypto Apps

by Blockchain News

U.S. Senator. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, is requesting Apple and Google to clarify how they prevent fraudulent cryptocurrency apps on the Apple Store and Google Play Store.

On Wednesday, July 27, the U.S. lawmaker sent two letters addressed to Apple CEO Tim Cook and Google CEO Sundar Pichai, respectively.

Senator Brown is concerned about scams that continue to rob millions of dollars from innocent investors.

The lawmaker wrote in the letters to the two firms: “Cyber criminals have stolen company logos, names and other identifying information of crypto firms and then created fake mobile apps to trick unsuspecting investors into believing they are conducting business with a legitimate crypto firm. Alarmingly, far too many investors have fallen victim.”

Brown mentioned that it is essential for these app stores to have the proper measures in place to prevent fraudulent mobile application activity.

In the letter, Sen. Brown asked for details about these firms’ safeguards to prevent fraudulent activity in their app stores.

Senator Brown wrote: “In recent years, crypto trading platforms and exchanges have experienced a surge in popularity with millions of investors downloading mobile apps to trade and invest in digital assets. Millions of Americans use mobile apps to invest in unregulated digital assets, including cryptocurrencies.”

Brown further asked Apple and Google to provide details about their app review processes that these firms take before approving cryptocurrency apps to operate in their app stores, including steps they take to prevent fraudulent crypto apps, and other information.

The lawmaker has requested both companies to provide responses to the letters by 10th August.

On Thursday, the Senator’s committee held a hearing examining scams in the crypto industry.

New Crypto App Scams

The senator’s letter comes after an FBI report last week, providing details of fraudulent cryptocurrency apps and wallets that purport to be sound investment opportunities.

In the report published on 21st July, the FBI disclosed that 244 investors, within a year, have been scammed out of $42.7 million through fraudulent mobile applications that claim to be legitimate crypto investment platforms.

The FBI report stated that cyber fraudsters are trying to cash in and take advantage of the rising interest in both cryptos investing and mobile banking.

The agency said since last October, it has witnessed scammers contacting U.S. investors with fraudulent offers of crypto investment services and convincing these investors to download fake mobile apps.

Such bogus apps often use the names and logos of legitimate US firms and fraudsters who create fake websites with this information to lure and swindle investors.

Image source: Shutterstock

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Bitcoin Lightning Network goes live on Cash App

by Cointelegraph

Mobile payment service Cash App revealed that Lightning Network can now be used to transfer Bitcoin (BTC) through its app. With the new feature, its users can send their BTC to any Lightning or on-chain BTC address.

A few weeks ago, the company announced through a notification within the app that it has integrated the Lightning Network. Now, its users can finally use the feature and utilize the benefits that the Bitcoin Lightning Network brings into everyday BTC transactions.

To use Lightning Network on Cash App, users need to scan a Lightning QR using their cameras, confirm the details of the payment and tap on pay. 

The Lightning Network, sometimes called Lightning or LN, is a layer-2 solution that brings scalability to Bitcoin. Lightning eases the load on the Bitcoin blockchain by creating a separate network where users transact and creating minimal engagements with the Bitcoin blockchain to lessen fees and speed up transactions.

While many users rejoiced that they are able to use the Lightning Network feature through their Cash App, some could only watch. As the firm mentioned a few weeks ago, the feature will be available everywhere in the United States apart from New York. “At this time New York residents aren’t eligible for Lightning,” Cash App tweeted.

Twitter user notgrubles disagreed. According to him, users in New York are still eligible if “they run their own LN node.” Because of the decentralized nature of Bitcoin Lightning Network transactions, it can be used by anyone regardless of their location outside of Cash App. ProofofBrain, another user, also supported this sentiment by tweeting:

Related: Block job postings reveal Jack Dorsey’s Bitcoin plans

Cash App is a service developed and operated by Block Inc., a company founded by Jack Dorsey. Back in 2021, Dorsey stepped down as Twitter’s CEO. While he mentions that stepping down is a way to give the company freedom from the founder’s influence, many speculate that the move means that Dorsey will spend more time on Bitcoin.