PYMNTS-MonitorEdge-May-2024

Bitcoin Daily: BANKEX Launches Token Exchange Program, Poloniex Confirms Data Leak

Bitcoin Daily: BANKEX Launches Token Exchange Program, Poloniex Confirms Data Leak

Social commerce company BANKEX has launched a telegram token exchange product called TEX, which is natively built into Telegram messenger, the company announced in a release.

The service shows and matches all trading orders that are made with the MainWallet ecosystem, and it can also be used with any modern messenger. A user can add @mainwalletbot to a new group chat as an admin and then trade using the format command.

“This command creates an offer in a group chat and another member of the group can answer it. And here TEX starts to work — the trade offer is duplicated to the general channel of TEX exchange @mainwallettex which is available to all users of Telegram and can match interesting deals. This system provides trading liquidity for tokens, with focus on the loyalty points use case,” the release said.

Cryptocurrency exchange Poloniex sent an email to customers to let them know that a long list of leaked emails and passwords could be used to break into accounts, and that they forced a reset on logins on any addresses that have an account with the company.

“While almost all of the [leaked] email addresses listed do not belong to Poloniex accounts, we are forcing a password reset on any email addresses that do have an account with us, including yours,” the email said.

One customer thought the email was a scam and went to Twitter to say so, to which Poloniex responded “This is a real email! Please reset your password for account security.”

In other crypto news, Apple could possibly remove the Ethereum-based decentralized application (DApp) browser feature from its crypto application. Google forcibly removed the browser MetaMask from the Android store.

“Coinbase CEO here. This is really unfortunate to see. Apple seems to be eliminating usage of DApps from the App Store. […] Presumably this would extend to other wallets as well (Trust, Argent, Metamask), it’s beyond Coinbase and IMO a very big threat to the ecosystem,” Coinbase CEO Brian Armstrong said. 

PYMNTS-MonitorEdge-May-2024