Multisig cold wallets: How secure are they really?

SparkKitty, a dangerous new malware, is targeting mobile devices to compromise crypto wallets. It searches through users’ image data to uncover and steal seed phrases.

In recent cases, the malware infected phones through compromised apps, with several bait programs catering to lure crypto users. Thankfully, app store moderation has removed many of SparkKitty’s attack vectors.

How SparkKitty Targets Crypto Wallet Apps

Popular security firm Kaspersky identified this new malware today after months of observation across different mobile operating systems.

Earlier in February, the firm discovered SparkCat, an earlier iteration of this malware. After the previous discovery, the malicious developers repackaged this trojan through new apps.

According to the company’s full report, this piece of malware is specifically focused on targeting crypto users, especially in China and Southeast Asia.

Hackers embedded SparkKitty into crypto-related apps, like price trackers and messengers with crypto-buying functionality. One such compromised messenger, SOEX, was downloaded over 10,000 times before removal.

SparkKitty’s operators also branched out to include casino apps, adult sites, and fake TikTok clones. Even if a user downloaded a contaminated app, the malware wouldn’t automatically start looking for crypto.

Instead, the app would ostensibly function normally, asking for access to users’ photos. It would continue appearing normal even after gaining this permission.

In other words, this malware would repeatedly scan image data for signs of a crypto seed phrase, double-checking the compromised device periodically.

Kaspersky’s researchers have several reasons to believe that SparkKitty is an upgraded SparkCat. For example, they share several debug symbols, code construction, and even a few compromised vector apps.

However, SparkKitty is more ambitious than SparkCat. The earlier malware would focus on penetrating crypto security, while the upgraded version can compromise many types of sensitive data.

Nonetheless, SparkKitty’s main priority is still in uncovering seed phrases.

Overall, the best caution for users is never to store seed phrases digitally. Don’t even take a photo of it.

There’s no shortage of recent scams and malware that can compromise this password, thereby allowing attackers to steal all your crypto. It’s important not to give sketchy apps access to your devices, but it’s doubly vital to protect your seed phrase.

The post A New Malware on iPhone and Android Can Quietly Steal Your Crypto appeared first on BeInCrypto.

XRP is up more than 7% in the last 24 hours, bringing its market cap near $150 billion. The crypto community is now debating how its inclusion in the US crypto strategic reserve will impact its long-term price action.

Attention is also on the upcoming White House Crypto Summit on March 7, which could play a key role in shaping market sentiment. Whether XRP continues its rally or faces new resistance will depend on these developments and whether technical indicators confirm a sustained uptrend.

XRP DMI Shows Buyers Are Still In Control

XRP’s DMI shows that its ADX is currently at 18.49, down from 36.2 four days ago, indicating that the strength of its trend has weakened significantly.

The +DI (positive directional index) is at 25.1, down from 50, while the -DI (negative directional index) has risen to 14.4 from 9.3.

This shift suggests that bullish momentum has faded while selling pressure has slightly increased, making it harder for XRP to establish a strong uptrend.

The Average Directional Index (ADX) measures trend strength on a scale from 0 to 100, with readings above 25 signaling a strong trend and values below 20 indicating weak or nonexistent momentum.

XRP’s ADX at 18.49 suggests that its current attempt to form an uptrend lacks strength. The declining +DI shows buyers could be losing control, while the rising -DI indicates sellers are gaining ground.

If this trend continues, XRP may struggle to sustain an upward move, but if ADX picks up again and +DI rebounds, bullish momentum could return.

XRP Active Addresses Just Hit A New All-Time High

XRP’s 7-day active addresses have surged to 1.16 million, marking their highest level ever.

This sharp increase comes after the metric stood at just 236,000 on February 27, indicating a significant rise in network activity over the past few days.

Tracking active addresses is important because it reflects user engagement, transaction activity, and overall demand for a cryptocurrency.

A rising number of active addresses often signals increased adoption and interest, which can support price growth. Despite the crypto community questioning whether XRP should be included in the US crypto strategic reserve, this spike in activity suggests strong network participation.

If this trend continues, it could help sustain bullish momentum for XRP, potentially driving prices higher.

Will A Golden Cross Make XRP Surge Soon?

XRP’s EMA lines indicate that a golden cross could form soon, as short-term moving averages continue to rise. If this bullish signal materializes, XRP price could test resistance at $2.74, with a breakout potentially sending the price to $2.99 and even $3.15.

However, this will depend on key developments, including the next steps regarding the US crypto strategic reserve and potential announcements at the White House Crypto Summit on March 7.

Tracy Jin, COO of MEXC, told BeInCrypto:

“The approach to establishing strategic reserves is contentious and may require either an executive order or Congressional authorization, potentially undermining long-term policy stability. While Trump’s initiatives are expected to boost market confidence and attract institutional investments in the short term, uncertainties remain over policy effectiveness, Congressional support, and international market reactions in the medium to long term. Investors should monitor these developments closely and adjust their strategies accordingly.”

On the other hand, if it fails to build an uptrend and selling pressure increases, it could test support at $2.50, with a further drop potentially pushing it to $2.33.

A stronger downtrend could drive prices to $2.06 or even below $2, testing $1.95.

The post XRP Surges 7% as Golden Cross Signals More Gains appeared first on BeInCrypto.

The crypto market had a rather bullish week and a positive 24 hours, as PolitiFi coins noted a surge. Led by the Official Trump token, the PolitiFi market grew by 29% and is collectively worth over $2.80 billion.

BeInCrypto has analyzed two other Political meme coins for investors to watch as they piggyback on TRUMP’s growth.

Official Trump (TRUMP)

• Launch Date – January 2025
• Total Circulating Supply – 199.99 Million TRUMP
• Maximum Supply – 1 Billion TRUMP
• Fully Diluted Valuation (FDV) – $12.46 Billion

TRUMP price has surged by 34% over the last 24 hours following the announcement of a Gala Dinner with the US president for the top 220 holders. The top 25 holders will also receive a private White House tour, boosting investor sentiment and driving demand for the token.

Currently trading at $12.40, TRUMP is nearing the resistance of $12.57. If the positive momentum persists, it could flip this resistance into support and continue its rise. A successful breach of $12.57 may lead TRUMP to the next resistance level at $14.53, attracting further investment.

However, if investors decide to sell and lock in profits, TRUMP could experience a decline. If the token fails to hold above the $12.57 resistance, it could drop to $11.44 and potentially fall further to $10.29, invalidating the bullish outlook and erasing recent gains.

ConstitutionDAO (PEOPLE)

• Launch Date – December 2021
• Total Circulating Supply – 5.06 Billion PEOPLE
• Maximum Supply – 5.06 Billion PEOPLE
• Fully Diluted Valuation (FDV) – $72.80 Million

PEOPLE price has surged 12% over the last 24 hours, adding to its 40% growth over the week. This rally follows TRUMP’s gains, and PEOPLE is now trading at $0.0144. The recent surge signals a potential continuation of the bullish trend, supported by market optimism.

If the momentum persists, PEOPLE could breach the $0.0152 resistance level. Successfully flipping it into support would propel the meme coin to new heights, targeting $0.0184. This would solidify the recovery and potentially bring further investor interest in the altcoin, boosting its market performance.

However, a pullback is likely if PEOPLE fails to break through $0.0152. Falling below this resistance would send the price back to $0.0128, which could invalidate the bullish outlook. This scenario would erase recent gains, potentially increasing investors’ selling pressure.

Doland Tremp (TREMP)

• Launch Date – November 2024
• Total Circulating Supply – 99.95 Million TREMP
• Maximum Supply – 100 Million TREMP
• Fully Diluted Valuation (FDV) – $3.30 Million

TREMP, a meme coin that benefited from TRUMP’s rally, surged by 33% in the past day despite a 14% dip today. The token, often seen as a mockery of Donald Trump, is currently stuck in a volatile market. This fluctuation indicates ongoing investor interest in the meme coin.

If TREMP can hold its current support at $0.0319, the altcoin could bounce back. With the right investor backing, it may push towards $0.0389 in the coming days, furthering its recovery. This would be essential to maintaining bullish sentiment and securing a more sustained rise in the future.

However, if investor confidence falters, the meme coin may struggle. A failure to maintain the $0.0319 support would likely push TREMP down to $0.0290, invalidating the current bullish outlook.

This could lead to further price declines, especially if selling pressure intensifies.

The post TRUMP’s Rally Sparks Rise in These PoltiFi Tokens | Meme Coins To Watch Today appeared first on BeInCrypto.