CoinDesk.com reported earlier in March about the fake Trezor app that appeared in the Apple App Store on February 24 and remained online for some days. This app collected users’ information such as private keys and seed phrases through phishing. Despite the checking procedures of the App Store, the malicious application managed to reach many users. Some of them left one-star reviews calling it a scam, the source says.

Fake apps are often created with the goal to steal users’ private information and login credentials. Earlier in March scammers released a fake version of a social app Clubhouse for Android devices. The app contains a trojan virus that aims to steal logins and passwords from users’ apps, including apps of social media platforms and cryptocurrency exchanges.

The post Bitcoin worth $600,000 stolen from a user via a fake app appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

According to the source, Dorsey listed the tweet on March 5 and Estavi placed the largest bid on March 6, which participants have not surpassed during the remaining days of the auction. At the time of bidding, the bid amount was about $2.5 million. However, as the price of ETH increased, the total reached over $2.9 million. The amount was converted into BTC and sent to a charity GiveDirectly Africa Response fund, the source says.

Ethereum is trading at around $1,686 at the time of writing, per CoinMarketCap.com data.

In other NFT news, Time Magazine recently released three NFT covers for auction on SuperRare. The three covers were inspired by the iconic cover from April 8, 1966, “Is God Dead?”, and read: “Is God Dead?”, “Is Truth Dead?”, and “Is Fiat Dead?” Please visit the original source for more information about participation in the auctions of the three covers, which will be open until March 24, 8 p.m. (ET).

The post The first tweet by Twitter co-founder sells on an auction for 1630.6 ETH appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

CoinDesk.com cites a letter from Larsen’s lawyers informing the judge about a motion to dismiss. In particular, attorneys suggest that the SEC does not provide sufficient support for its claim that the executive chairman violated Section 5 of the Securities Act 1933. Specifically, the lawyers contest Larsen’s knowledge of the status of XRP as a security, CoinDesk.com reports.

In December 2020, SEC filed a lawsuit against Ripple, its CEO Garlinghouse, and co-founder Larsen. In particular, the Commission accused Ripple of offering illegal securities to investors amounting to $1.3 billion. The SEC has since then amended its complaint to include the accusation of XRP token’s price manipulation.

The ongoing confrontation between Ripple and SEC did not seem to harm the company’s business activities in the Asia Pacific. According to CoinTelegraph.com, Ripple’s CEO attributes this to clear market regulations in those regions. XRP’s price has increased by over 2% over the past 24 hours. The cryptocurrency is trading at about $0.46 at the time of writing.

In related news, MoneyGram is facing a class-action lawsuit from some of the investors who bought securities. In particular, they complain that the company made false statements in relation to XRP and did not confirm its status as a security, Coingeek.com says.

The post Ripple’s CEO and executive chairman file motions to dismiss SEC lawsuit appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.