Fake Ledger Live app sneaks into Microsoft’s App store, $588K stolen

Almost $600,000 in Bitcoin (BTC) has been stolen from users who have downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT.

The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into thinking that they’re downloading “Ledger Live” — a user interface for Ledger hardware wallets to store cryptocurrency offline.

Approximately 16.8 BTC worth $588,000 has been received by the scammer across 38 transactions using wallet address, “bc1q….y64q,” according to Blockchain.com. About $115,200 has left the scammer’s wallet across two transactions, leaving it with $473,800 or 13.5 BTC.

Read more on Cointelegraph

Blockchain adoption continues unabated — Bloomberg analyst

Should the current rate of adoption continue, blockchain technology could have 100 million daily users by 2028, according to projections by Bloomberg Intelligence analyst Jamie Coutts. 

On X (formerly Twitter), Coutts pointed out that blockchain adoption has been “unabated” throughout bull and bear markets over the past years. “Not having exposure to one of the largest structural trends of the next decade could be costly,” said the analyst.

Daily active addresses exceed 5 million in the third quarter of 2023, up 14% from 2022, according to Coutts, while quarter-on-quarter growth has averaged 29% since 2019. “If we apply a more moderate 20% QoQ growth rate then we could reach 100 million…

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Bitcoin’s November 4th Price Analysis Over a Decade

  • 2023: $34,716
  • 2022: $20,680
  • 2021: $62,195
  • 2020: $14,093
  • 2019: $9,252
  • 2018: $6,361
  • 2017: $7,283
  • 2016: $697
  • 2015: $453
  • 2014: $327

Analyzing Bitcoin’s price on the 4th of November from 2014 to 2023 provides a data-driven narrative of its performance. Starting at $327 in 2014 and reaching $34,716 in 2023, the journey has been marked by significant milestones. The data shows an early phase of gradual growth, a pattern disrupted by explosive surges and sharp corrections.

The steep incline to $7,283 in 2017, followed by a drop to $6,361 in 2018, could be interpreted as a market correction after speculative trading. Notably, from 2019 onwards, a general upward trend resumes, with year-on-year growth except for 2022. This dip to $20,680, before a recovery in 2023, suggests Bitcoin’s sensitivity to macroeconomic factors, likely intensified by global financial uncertainties.

The November 4th price points are pivotal markers in Bitcoin’s timeline, each year offering a glimpse into investor sentiment and market stability. This date-specific trend analysis reveals resilience in the face of volatility, with an overall upward trajectory over the decade, despite short-term fluctuations.

Investors might consider these historical November 4th prices as part of a broader research strategy, alongside technical analysis and market trends, to forecast future movements. While historical data cannot predict future outcomes, it can provide a foundation for understanding Bitcoin’s market behavior and potential response to future events.

Top 10 Trending Crypto Coins of The Day

  1. Arbitrum: Market Cap of $1.3 Billion.
  2. Toncoin: Market Cap of $8.8 Billion.
  3. Tectum: Market Cap of $36 Million.
  4. Litecoin: Market Cap of $5.0 Billion.
  5. Dione: Market Cap of $26 Million.
  6. Memecoin: Market Cap of $165 Million.
  7. Celestia: Market Cap of $339 Million.
  8. Gas: Market Cap of $184 Million.
  9. Solana: Market Cap of $17.3 Billion.
  10. THORChain: Market Cap of $992 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Web3 Watch: NETGEAR continues its NFT push

This article is part of Blockworks’ Web3 Watch, a weekly roundup of the highlights and lowlights from the culture side of crypto.

The wireless provider NETGEAR is teaming up with SuperRare for its Meural Opus, $800 digital picture frames that can connect to wallets and display NFTs. 

NETGEAR acquired Meural and its smart frame technology in 2018 and made its NFT play in force in 2022, partnering with Metamask and joining SuperRare’s DAO. 

The launch combines a growing market and a shrinking one. Persistence Market Research predicts smart frames to grow by 3.1% annually over the next decade while the NFT market continues its slide.

And the Opus isn’t a smart frame with NFT…

Read more on Blockworks

Bitcoin bulls defend $34K as trader predicts next BTC price ‘impulse’

Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher.

BTC/USD 1-hour chart. Source: TradingView”Significant” event sets up BTC price upside

Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the end of Wall Street trading.

The largest cryptocurrency saw a revisit of intraday lows the day prior, but $34,000 successfully passed the test as a short-term BTC price floor.

#Bitcoin has been above $34k for 11 days now.Healthy accumulation zone.

— James V. Straten (@jimmyvs24) November 4, 2023

After nearly hitting $36,000 during the week, Bitcoin was still a favorite for traders eyeing potential upside…

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Crypto hiring: Rough waters for OpenSea as NFT platform announces layoffs

OpenSea’s CEO announced a series of layoffs on Friday afternoon via a thread on Twitter, as the NFT market continues to underwhelm.

An OpenSea spokesperson told Blockworks around 50% of staff was affected. The move comes less than a month after fellow NFT startup Yuga Labs made its own round of employee cuts.

OpenSea CEO Devin Finzer also said the platform is “shifting to a smaller team with a direct connection to users.” 

The company was valued at $13.3 billion at the height of its fundraising efforts back in 2022. This was before the NFT market entered a prolonged slump, and its loss of market share to rival NFT…

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Pacific Bitcoin | Conference | Bitcoin Maximalist

For years I was a supportive, albeit passive participant in our family’s Bitcoin journey. I understood the basics, or at least, I thought I did. All of that changed however when my husband and I attended Pacific Bitcoin together.

Bitcoin the concept is one thing; Bitcoin the experience, however, is what ended up converting me. The feeling of excitement and support was infectious. If you have someone you care about who remains intransigent with Bitcoin, bring them to an event. Don’t just tell them; help them see it, help them feel it. 

The Pacific Bitcoin Conference

My Pacific Bitcoin Journey

Landing in California was exciting. Our first adventure was going to…

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