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Dogecoin Team Warns Of A New Sham Tech Support Account

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Dogecoin’s official Twitter handle has warned users of fraudsters stealing personal details by impersonating tech support service providers of the meme coin.

These scammers pretend to connect with those having “difficulties, complaints, or issues” and trick victims into creating a fraudulent wallet that asks them to enter their seed phrase.

The Dogecoin account stated that it would never ask users to set up a Trust wallet or their seed phrases or account information.

The scam account existed much before Dogecoin was launched. Since gaining massive popularity in 2021, there’s been a steady stream of Dogecoin knock-offs that ended up being worthless scams.

Previously reported by TronWeekly, the latest of the coin’s long-list of infamous impersonators, Teddy Doge turned out to be a rug pull, blockchain security firm PeckShield uncovered.

In another recent report, the DOGE community unearthed a new scam after spotting a large number of suspicious transactions on the memecoin’s network.

Dogecoin Supporters Dig Up A New Scam

A discovery made by one Dogecoin fan revealed that the mysterious transactions were automated and very small. The said fan shared a list of the many addresses involved in the transactions.

“A large number of small transactions worth 0.0207 Doge were executed on a daily basis supposedly to hide the true nature of the business and the movement of money.”

Notably, the reported scam was devised and marketed as an investment opportunity for Dogecoin holders. But what caught the eyes of the sharp-sighted crypto fans was the unusually high-interest rates offered as a return on investment that helped exposed the scheme.

Not only that, the DOGE advocates even uncovered the culprit behind the scam which goes by the name of Huilo Invest. Supposedly the firm claimed to be of London, UK, origin but relentless online sleuths have connected the dots and found out that it’s actually based in China.

A more detailed inspection of its operations showed that at one point, Huilo Invest had accumulated funds worth nearly $600k – likely robbed from unsuspecting crypto holders with a false promise of offering between 7% and 10% return on investment within a day.

UK Lawmakers Begin Probe On The Crypto Sector

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The UK government’s “Crypto and Digital Assets All Party Parliamentary Group” [APPG] has begun an inquiry into the nation’s crypto industry in order to prepare a report and recommendations to share with the government.

As per a press release, the APPG revealed that the probe will focus on issues relating to the crypto and digital assets ecosystem in the country, and will have written findings accepted by Sept. 5, this year.

The group consists of MPs and lords from the main political parties and acts as a forum for policymakers and the UK‘s crypto sector in discussing the industry. 

The group will also take into account the views of crypto operators, regulators, industry experts, and the government on the role of regulation, CBDCs, consumer protection, and economic crime. It also intends to hold several evidence sessions in the upcoming months. 

MP Lisa Cameron, who heads the APPG, stated, “It’s vital that the UK does not take its foot off the gas and that government and regulators keep to their commitments when it comes to crypto and digital assets.”

The country has seen major political changes in recent times, such as the resignation of Treasury Minister John Glen, whose April speech supporting the industry gained a lot of attention from a UK official to date.

UK’s Mixed Signal Is Hampering The Growth Of The Crypto Industry

Glen has been vocal about the need for a regulated framework that will essentially focus on fostering the growth of the sector. However, the same cannot be said for other UK institutions, which have, time and again, raised concerns regarding the safety and viability of crypto-assets.

Bank of England Governor Andrew Bailey, for instance, called criticized the crypto market and called it an “opportunity for the downright criminal.”

It’s precisely this sort of mixed messaging that could hinder the industry’s development.

The crypto market holds roughly a $1 trillion market cap and the flip flop within the political circles could act as a roadblock to the industry’s development.

That said, the U.K. is one of Europe’s leading fintech hubs and is fortunate to be equipped with the infrastructure, investment, and talent to drive the crypto industry. But in order to maintain this position, it needs to take a decisive and unilateral stance on cryptocurrency.

Binance and WazirX: Clash of the Exchanges

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The founders of the Binance and WazirX are engaged in a verbal battle, swapping accusations and denials on Twitter, a day after Binance CEO Changpeng Zhao claimed that the international cryptocurrency exchange didn’t own a stake in WazirX’s parent company Zanmai Labs.

However, the founder of WazirX says otherwise. Nischal Shetty, the creator of WazirX, stated on Saturday that Binance’s parent firm was a party to the agreement his company made. Shetty took to Twitter to express his opinions.

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Source: Twitter

He continued by saying that WazirX technology was sold as part of the deal. He added that CZ’s company then licenced the same technology to Zanmai for the INR market.

WazirX is run by an Indian company called Zanmai Labs. According to company papers, Zettai Pte Ltd, a Singapore-registered firm, owns 99.99 percent of the Indian entity and 0.01 percent is held by Shetty. According to a source, Shetty, cofounder Siddharth Menon, and Sameer Mhatre are all equal owners of Zettai.

Funds on Wazirx to transfer to Binance?

CZ took to Twitter on 6 August 2022 to advise WazirX users to move their money to Binance. He continues by saying that his company could technically disable WazirX wallets, but they can’t or won’t. CZ assures users that his firm can’t and won’t hurt users.

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Source: Twitter

According to sources, as of February, WazirX had more than 10 million registered users.

CZ claims that the WazirX founding team continued to be in charge of platform operations and that Binance was never granted access to user information, control over KYC, etc. He continues by saying that his company would be thrilled to cooperate with ED to address these problems with WazirX.

WazirX and Binance’s relationship has soured as a result of the Enforcement Directorate (ED) announcing on Friday that it had recently searched the offices of Zanmai Labs’ directors and had given them an order to freeze their bank balance of Rs 64.67 crore.

The government claims that WazirX “actively” assisted about 16 fintech firms that are under investigation for alleged money laundering to shift alleged criminal proceeds using cryptocurrencies. According to local sources, ED is requesting data from a number of cryptocurrency exchanges under the Foreign Exchange Management Act (Fema). WazirX has also been charged by the ED with having a convoluted ownership structure.

TRON [TRX] Surpassed BNB Chain To Reach Top 2 In DeFi TVL

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TRON [TRX] overtook BNB to become the second highest chain worldwide at $5.82 billion in the latest DeFi TVL rankings. On July 1, the protocol’s TVL was $3.95 billion and rose to $5.91 billion on the last day of the month, an increase of 49%.

TVL is the most significant DeFi indicator as it denotes the popularity of a project with the number of active users. It is a reliable metric to evaluate the robustness of a project.

The latest resurgence in total value locked is attributed to the growth of decentralized applications [dApps] in the ecosystem which is taking off to new highs.

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TRON [TRX] Surpassed BNB Chain To Reach Top 2 In DeFi TVL 4

The first official TRON-powered lending protocol JustLend surged by over 19% in recent times. 

In a report published on its weekly updates highlighted crucial data from the network’s performance. The post revealed that there are a total of 4,050 active dApps on TRON.

According to a tweet from Tron Scan, these indicators have transformed the blockchain into ‘the second largest public chain by stablecoin market cap and third largest public chain by TVL.’

The report further stated that the JustLend DAO passed the security audit by blockchain security firm CertiK. The DAO has even managed to reach the top five on CryptoDiffers’s Top 15 DeFi projects by TVL.

TRON’s First lending Protocol Is Leading Star

As a matter of fact, trading volume on JustLend DAO jumped by 3x times $1.28 million on 26 July to $3.83 million on 27 July. The DAO is dominating the TRON DeFi with its high TVL and is followed by yield farming protocol SUN.io at a distant second place.

Other important contributors are Algorithmic stablecoin JustStables [USDJ] which also expanded by over 2% within a similar period. In addition to that, Decentralized exchange [DEXs] SocialSwap and UniFi were up by over 6% and 550% respectively.

Established in 2017 by Justin Sun, TRON initially began as an ERC20 token on the Ethereum network. Due to adaptability issues combined with high gas expenses, TRON reported in 2018 that it is migrating to an independent peer-to-peer network. Its native token TRX’s market cap stood at $6.43 billion, at press time.

Release of JustMoney Pay – Cryptocurrency Payment Gateway

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To encourage the mass adoption of cryptocurrency and stimulate the use of cryptocurrency for everyday payments, JustMoney has released a cryptocurrency payment gateway, which has four options to make it easier for businesses and individuals to accept payments with cryptocurrencies:

  • Checkout for e-commerce platforms –  online vendors may extend their e-commerce platform (Woocommerce, Shopify, Magento) by installing our easy-to-use plugin.
  • Mobile Payment Terminal  – Shop owners and other businesses can accept face-to-face payments, using a smartphone or tablet as a payment terminal.
  • Donations – charities, open-source projects, and other fundraisers may embed a small snippet of code on their website to instantly accept crypto donations.
  • Payment Links – split restaurant bills with friends or request money for any reason by sending your friends and family simple payment request links.

JustMoney’s payment gateway, JustMoney Pay, launched in June, 2022, and is already live on their first partner’s website – TronNetwork.store. 

Their powerful core infrastructure stands as the foundation upon which all their other products are built. Multi-chain and cross-chain transactions have become part of their DNA. People can now choose tokens on Tron, Polygon and Binance Smart Chain networks to swap or pay. JustMoney Pay will calculate the exact amount of USDT the vendor requires to complete a given transaction, and will inform the purchaser of the cost of this transaction in their chosen preferred cryptocurrency, before securely completing the transaction through their existing liquidity pools.

No centralized parties are involved as middle-men – only smart contracts deal with the transaction between the user and merchant.

Payment Interface

Millions of PayPal users worldwide are familiar with being redirected from a vendor’s website to the Paypal payment interface. In a similar style, JustMoney Pay users are redirected from a vendor’s website to JustMoney’s own highly-scalable, completely secure and easy-to-use payment interface. Here, the user may select the blockchain network they wish to use, choose which token to pay with, connect their wallet, and authorize the transaction.

Unlike the traditional payment gateways, they do not make money by holding the vendor’s or the purchaser’s funds on their own account for extended periods of time. Instead the payment happens on-chain and it happens instantaneously, releasing the order for immediate processing.

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Release of JustMoney Pay - Cryptocurrency Payment Gateway 7

E-commerce checkout

The e-commerce checkout is an easy to install and easy to use plugin that any merchant can implement in their web-store, in order to immediately start accepting crypto payments. JustMoney have already built a plugin for the WooCommerce e-commerce platform and they are now working on creating plugins for Magento and Shopify. By 2021 estimates, around 15 million online vendors use one of these three platforms to accept online payments. Once all three plugins are completed, this would give those 15 million vendors the option to accept cryptocurrency as a payment method on their stores, giving countless numbers of customers the option to pay using cryptocurrency as a day-to-day alternative to FIAT cash.

TronNetwork.store has already added the plugin on their WooCommerce site and anyone can now go and purchase any products there and choose JustMoney Pay as the payment provider. JustMoney have also created an API integration for those who want to do a custom integration. You can find the API documentation from here.

You can also find the instructions for WooCommerce integration at the same link. The repository for the plugin can be found here.

Mobile Payment Terminal

This product is designed for shop owners and other businesses who are dealing with customers face-to-face. By using a smartphone or tablet as a payment terminal, they can now easily accept cryptocurrency as a payment method.

The retail interface requires the shop owner to input the amount that the customer needs to pay. It will then generate a QR code that the shop owner shows to the customer.The customer then scans the QR code using the barcode scanner of their mobile crypto wallet (e.g. the Tronlink Pro or Metamask app) and they will be taken to the payment interface to authorize and complete the transaction.After the payment is finalized and confirmed on the blockchain, the shop owner will see a message on their payment terminal that the transaction was successful. The terminal will then be available for the shop owner to process the next customer.

Payment Links

This works similar to the Mobile Payment Terminal but is more targeted for personal users who wish to request a one-time payment, by creating a web-link and sharing it with the person paying.Some usage examples:A person sells an item on the internet. They send the payment link to the buyer and wait until payment is confirmed before dispatching the item.Someone is owed money and sends a payment link to request it.Someone pays a bill in a restaurant and shares the cost with the other diners by sending a payment link.

Donation Button

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Release of JustMoney Pay - Cryptocurrency Payment Gateway 8

This allows any website to accept cryptocurrency donations. Whether it’s an open-source code project, a charity or any other cause, it allows the project to accept donations in USDT from donors who can make the donation in one of the wide range of coins or tokens listed on JustMoney Swap.

The organization embeds a small snippet of code onto their website, along with their destination wallet addresses, and it will render a button like the one shown (above on the right). When a visitor clicks the button, it will open a small popup window (shown above on the left) where the visitor can input the amount to donate and click the “go to payment” button. They will then be taken to the payment interface to complete the transaction which is sent directly to the project’s defined wallets. 

The colors of the button can easily be customized to match the branding of the page.

Instructions and documentation can be found here.

You can test the payment interface in demo mode on their website pay.just.money and also you can find a demo of the donation button there.

In addition, you can just start using Payment Links and Mobile Payment Terminal straight away on their site  without any need to register.

These products are JustMoney’s first contribution to promote the mass adoption of cryptocurrencies and they will keep working hard to expand and improve their payment ecosystem. 

About JustMoney

JustMoney is building an ecosystem for the next generation of decentralized applications, to power Web3 and DeFi.

Launched on 17/08/2021, JustMoney.exchange is a decentralized, automated market maker (AMM) exchange. Its decentralized finance (DeFi) application allows users to swap tokens and provide liquidity for various cryptocurrency pairs. JustMoney.exchange is a cross-chain swap that, at the time of writing,  supports Binance Smart Chain, Tron, Polygon, Zenith and Bittorrent Chains. Each chain has a full taxed token support meaning that liquidity adding and removal is tax free and estimated amounts on the UI are calculated correctly, taking the tax into account. 

$JM is the utility token of JustMoney.

JustMoney’s main product is Justmoney.exchange which is an AMM multi-chain DEX.

Other products and tools include: 

* JustMoney Launchpad, allows new tokens to launch with an AMM “fair launch”

* A web widget that allows other projects to embed the swap on their own web sites 

* JustMoney Pay – Cryptocurrency Payment Gateway

* A telegram bot for listed projects to display live prices and historical charts in their own telegram groups.

* JustMoney Bridge for transferring assets between chains. At the moment Tron, BSC, Polygon and Bittorrent chains are supported. 

* JustMoney.gift, a platform where users can send cryptocurrency as a gift with an e-card.

* Coin Eyes Generator – A fun way for other projects to raise their visibility, by

DeBridge Finance Hacker Lazarus Used Email Spoofing

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DeBridge Finance Co-founder Alex Smirnov revealed that the notorious North Korean Lazarus Group was behind the attempted cyberattack on the liquidity transfer protocol.

DeBridge offers a cross-chain interoperability and liquidity protocol for transferring data and assets between blockchains.

Smirnov who also works as project lead said that the attack came through a spoofed email received by several DeBridge staff that contained a PDF file named “New Salary Adjustments,” impersonating Smirnov.

Although many team members immediately flagged the suspicious email, one of them unfortunately downloaded and opened the file, leading to the breach of the firm’s internal systems.

This initiated an investigation into the attack’s origin, how the hackers planned the attack to work, and any potential consequences.

“Fast analysis showed that received code collects A LOT of information about the PC and exports it to [the attacker’s command center]: username, OS info, CPU info, network adapters, and running processes,” Smirnov said.

Email spoofing is a type of cyber attack in which a hacker sends an email that has been manipulated to seem as if it originated from a trusted source.

DeBridge owner says ” We have strict internal security policies”

“We have strict internal security policies and continuously work on improving them as well as educating the team about possible attack vectors,” Smirnov wrote.

DeBridge founder put out a word of caution to his followers to never open email attachments without checking the sender’s full email address and to have an internal protocol for sharing attachments.

The Lazarus Group has earned notoriety for several high-profile crypto hacks, such as the $622 million Axie infinity. Ronin Ethereum sidechain hack in March and the Harmony Horizon Bridge hack in June.

Recently the North Korean hackers have been accused of infiltrating job sites like LinkedIn and Indeed and stealing key information from real profiles to build plagiarized resumes and land jobs at U.S. cryptocurrency firms, security analysts have found.

These fraudsters were attempting to secure employment at these firms as part of a larger goal to raise funds for North Korean leader Kim Jong Un’s regime.

Experts also disclosed that by collecting information from crypto firms, North Korea’s government could use this information to study future cryptocurrency trends.

This information would then help Pyongyang launder cryptocurrencies to circumvent Western sanctions.

Earlier in 2021, the U.S. government issued a warning that North Korean citizens were posing as citizens of other countries and attempting to secure work in international IT sectors.

“[North Korea] dispatches thousands of highly skilled IT workers around the world to generate revenue that contributes to its weapons of mass destruction and ballistic missile programs, in violation of U.S. and U.N. sanctions,” the advisory said.

JAFO Ups the Ante With Launch of Token; Benefits Excite Community

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Trading can be confusing and time consuming. With JAFO you will not have to deal with either. JAFO is a club reward token designed to create a lower risk return with hands off effort. It is a trading club token used for tracking holders. Holders benefit by holding the token and gaining rewards of any trading profit from an established trading platform monthly, no staking needed. JAFO is lower risk as the TRX from purchasing it is never used in trading and is frozen in a transparent wallet for everyone to see and track.

Holder funds are not traded and only used for freezing and buyback liquidity for exchanges back out of the project if a holder chooses to do so. The price per token is 10 TRX per 1 JAFO. All JAFOs returned however will experience a small fee. With a return rate of 8 TRX per 1 JAFO as a 2 TRX fee will be experienced, and that fee will add to the trading platform to benefit current holders with a larger trading allocation. All JAFOs returned will be burnt and taken out of circulation, making for a deflationary token. The tokens maximum supply is 50 million with it only released with purchases. There are no giveaways or free drops, thus giving each token a value it deserves.

The staking rewards from the frozen amount will also be used to fund the trading account for growth. JAFO is not a trading bot and will be using different strategies, some mentioned below to create a positive gain in the trading markets. JAFO founder said it was formed out of the need to be transparent and truthful. With some projects promising the moon. Promising unattainable returns while keeping the trades or transactions completely hidden. Exiting without investments returned or a way to be returned. These are just some examples of what JAFO aims to fix. Part of the way they accomplish this by publishing the wallet address holding the liquidity and a monthly spreadsheet of all trades performed will be shown, gains and losses which is updated daily and weekly with current results. Their Telegram channel also has weekly updates and you can converse with the project there as well.

The creation of the fund was a TD Ameritrade/Charles Schwab account. The starting amount was $10,000 USD with a goal to grow this smaller account into something much larger, but with realistic expectations. The token is not on an exchange and currently there are no plans on doing so. Keeping JAFO holders in a more exclusive club environment. There will be a variety of trades that will happen for the JAFO holders. They commonly use Option Scalping and a wheel strategy. The Wheel Strategy is a systematic way to sell option cash-secured puts and covered calls as part of a long-term trading methodology. In essence, you keep selling options on stocks that you are bullish on, to generate monthly income. Basically, you repeatedly sell cash-secured puts (CSP) to collect option premium. These are not the only strategies they use but they tend to be the ones focused on. This is to limit risk and gain a good steady passive gain. Some of the trade styles also include normal share purchases, naked calls or puts, and some dividend producing equities.

The fund rewards holders monthly in TRON USDT if there is a positive gain. If the fund has no gain there will be no rewards to share to club members. The break down is as follows. • 25% of gains to pay for taxes

• 40% of gains to holders based on token percentage held of circulating supply

• 25% of gains to grow the portfolio for future bigger gains

• 10% of gains to charity/donations o First donations will be to pay back an exit of investment to CITYUPTAKE holders in TRX

▪ 100% lost payback may not be achievable before moving to next charity o After that is completed, moving forward the 10% will go to TuruAngels charity JAFO’s goals are to have a steady growth while providing the details of it on a fantastic blockchain. They feel that Tron is the chain of the future with its secure reliability, speed and development. The founder of JAFO has been part of TRON since its launch and is excited to have a token on TRON and be a part of the second hackathon.

Cardano Founder Corrected User On ADA’s Worth

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Cardano founder Charles Hoskinson is known for many straightforward replies. This time too he maintained his composure while answering a user’s concern who took to Twitter saying he found his $5k worth of ADA bought in July ‘22 to be now worth only $1.5k.

In response, Hoskinson tweeted that $5,000 worth of ADA purchased in January 2021 would be now valued at $6,750, an $1,750 increase.

Sounding slightly annoyed, the founder commented, “What’s your point? Markets go up and down and I somehow have control of it? I don’t think you understand how crypto works and why it exists.”

At the time of writing this post, Cardano’s native token ADA was trading at $0.51. The 8th-ranked asset is up by 1.35% in the last 24 hours.

Previously, Hoskinson defended ADA’s price downtrend as the effect of a broader market phenomenon. After entering the bearish market conditions from the beginning of 2022, ADA had a lackluster performance this year after posting massive gains in 2021.

Cardano Influencer Double Down On The PoS Blockchain

It is now down by over 80% compared to the all-time high it attained in early September 2021 before the much-hyped Alonzo upgrade.

In addition to that, recently a well-known Cardano influencer spoke on how the Proof-of-stake blockchain has all the potential of becoming “bigger” than “anything seen in crypto before” if decentralized governance on the cryptocurrency’s network works out.

In a tweet shared with its 110k followers, the pseudonymous supporter who goes by the name of “ADA whale” shared that Cardano may be more secure and decentralized than other blockchains, but noted that the average user “doesn’t always get this.”

According to ADA whale’s words, if decentralized governance under the Voltaire era works out, the network “will be unlike anything seen in crypto before.”

The Voltaire era of Cardano, as per the project’s roadmap, provides the “final pieces required for the Cardano network to become a self-sustaining system.” It will bring along the system of voting and a treasury, which will allow network participants to stake their ADA and exercise voting rights to influence the future development of Cardano.


Ripple Exec- XRP Was Created As A “Better Bitcoin”

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A former top exec at Ripple, Matt Hamilton stated that the XRP token is still in the top 5 because it works 100% and challenged Bitcoin fanatics to transact BTC on the XRP Ledger.

If you say so. Even by your own admission it only works 95% of the time. Why do you think the XRP Ledger is so popular and XRP is still in the top 5? Because *it works*. No drama. No big issues that need fixing. It just works. Boring as hell. And that is *good*.

Hamilton who worked as a Principal Developer Advocate at blockchain firm Ripple was locked in a debate with a critic arguing the use cases of XRP. The user defended Bitcoin and its layer-2 scaling solution, the Lightning Network, over the XRP Ledger.

Another Bitcoin supporter claimed that very few would own XRP due to being unregistered security. To which Hamilton responded that XRP’s use cases are peer-to-peer payments as it was created as a “better Bitcoin.”

The critic again stressed that with Bitcoin “money is solved” due to the advent of Lightning network which he claimed as “decentralized bitcoin payments for no cost, hard to improve on that.” Hamilton then highlighted a failed transaction on the L N over what he said was a “lack of inbound liquidity.”

“No, it failed due to a lack of inbound liquidity. That is literally what the message is saying. This is the fundamental architectural flaw of LN. You have to hope there is enough liquidity on your payment route.”

Another user replied to Hamilton arguing that the payment had failed because it was for a transaction that had already been paid.

Hamilton continued, while the Lightning Network “only works 95% of the time” the XRP Ledger “just works.”

Over 516M XRPs Moved by Ripple and Other Exchanges

Just a few days back, data from Whale Alert noted that a half billion XRP were being moved on the market in large lumps by Ripple and other top-tier exchanges. Whale Alert identified several consecutive transactions, carrying between 30 million to 200 million XRP tokens. The transfers were conducted over a period of 24 hours.

$PRIMO TRC-20 CAN NOW BE USED TO BUY ALL PRODUCTS @ PRIMOGARDENSINC.COM

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Primo DAO is very excited to announce our latest use case for the $PRIMO token. We have been waiting until the time was right to accept $PRIMO as payment on all products not just used as a coupon and the time has finally arrived. We teamed up with CryptocurrencyCheckout to bring $PRIMO payments to life. If your looking for CBD, CBG, D8 or any other hemp products you can now buy using $PRIMO or $BTC by visiting the Primo website. Don’t forget just by using $PRIMO you get an automatic 10% discount on all products. Be sure to swing over to TRONDAO and vote primo for web3! 

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$PRIMO TRC-20 CAN NOW BE USED TO BUY ALL PRODUCTS @ PRIMOGARDENSINC.COM 10

We’re excited to be one of the first integrated producers of Cannabis products to look towards using our own token as full payment,” said Chance Sowers, AFIS – Chief Risk & Strategy Officer Primo Gardens Inc.

Primo Gardens Inc. is a vertically integrated hemp company with a build your own blend CBD model and comprehensive track-and-trace seed to sale. They provide manufacturing, processing, white label, private label, consulting, formulization, co-packing, genetics, crop share programs, extraction/distillation, and national/international marketing for the hemp industry. Primo is also an innovator for blockchain technologies and services with more information found here.