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Pavel Durov: $TON powers Telegram’s growing in-app economy Telegram founder Pavel Durov stated on X that The Open Network (TON) has become central to Telegram’s growing in-app economy. TON now powers payments for Telegram Ads in most countries, serves as the exclusive withdrawal

In the fast-paced crypto world, security is paramount. One tool that many investors use is a watch only wallet. While it’s designed for safety by allowing you to monitor your funds without exposing your private keys, scammers have found ways to exploit its popularity. In this article, we’ll explain what a watch only wallet is, how scammers are taking advantage, and what you can do to protect yourself. ⸻ What Is a Watch Only Wallet? A watch only wallet is a read‑only version of your cryptocurrency wallet. Instead of holding your private keys, it only requires your public address. This means you can check your balance and view your transaction history without giving anyone the ability to spend your funds. It’s a straightforward, low‑risk tool for keeping an eye on your investments—ideal for those who want to stay informed without compromising security. ⸻ How Scammers Are Taking Advantage Even though watch only wallets are inherently safe, scammers have developed tactics that prey on user vulnerabilities. Here are some common scam methods: • Fake Watch Only Wallet Apps and Websites: Scammers sometimes create counterfeit wallet apps or websites that mimic genuine services. Once you input your public address, these fake platforms may lure you into entering sensitive information like your private keys or seed phrases, claiming they’re needed for “advanced features” or troubleshooting. • Phishing Emails and Messages: You might receive emails or social media messages that appear to be from a trusted wallet provider. They often direct you to a fake login page that looks nearly identical to the real one. If you input your credentials or mistakenly import your private keys, scammers can gain access to your funds. • Social Engineering and Impersonation: Some scammers pose as customer support representatives. They may convince you that to “secure” or “verify” your watch only wallet, you need to provide additional information. Once you do, they can use that information to compromise your actual wallet. • Misleading Advertisements: Advertisements on unverified platforms might promote “enhanced” watch only wallets with features that seem too good to be true. Often, these ads lead you to insecure platforms designed to harvest your sensitive data. ⸻ How to Protect Yourself While the concept of a watch only wallet is safe, your security depends on your actions. Follow these tips to stay protected: • Always Verify the Source: Only use official apps or websites from trusted wallet providers. Double-check URLs and download software directly from the provider’s official site or reputable app stores. • Never Share Sensitive Information: A true watch only wallet only requires your public address. If a service asks for your private keys or seed phrases, it’s a red flag—this information should remain confidential. • Be Skeptical of Unsolicited Contacts: Legitimate companies will never ask you to send your private keys via email, chat, or phone. If you receive such a request, ignore it and report it to the official support channels. • Keep Your Software Up-to-Date: Regular updates ensure that you benefit from the latest security patches. Use the most recent version of your wallet software to protect against vulnerabilities. • Educate Yourself: Stay informed about common scam tactics in the crypto community. The more you know about phishing, fake apps, and social engineering, the better you can protect your investments. ⸻ Conclusion Watch only wallets offer a secure and convenient way to monitor your cryptocurrency without risking your private keys. However, scammers are continually evolving their tactics to exploit even the simplest tools. By understanding how watch only wallets work and staying vigilant against potential scams, you can confidently safeguard your digital assets. Remember, in the realm of crypto security, knowledge is your best defense.

Revolut releases mobile crypto exchange app Revolut X for UK and European Economic Area users

Solana is gearing up for a developer-focused event with its Solana Breakout Hackathon, starting April 14, with project submissions due May 16. The aim is to spur the creation of the next generation of consumer applications on the Solana blockchain. Solana Labs co-founder Anatoly Yakovenko is challenging participants to create apps that would impress Nikita Bier , known for founding the viral social media app, tbh . Bier is now an advisor to Solana and a product growth partner at Lightspeed Ventures, a major crypto VC firm. In a post on X, Yakovenko gave some straightforward advice to participants: Yakovenko noted that successful crypto apps typically focus on either creation (like content platforms) or trading (enhancing user experience). He pointed to examples like CryptoKitties and StepN, which thrived by integrating these models, while often struggling with the trading aspect. Solana’s native token, SOL, is currently trading at $143.95, a nearly 3% increase over the last 24 hours. Data from CoinMarketCap shows SOL is above its 20-day Exponential Moving Average ($137), with a market cap of $73.62 billion. Related: Arthur Hayes’ Hot Take: Ethereum to $5,000 Before Solana Even Nears $300 Increased trading volume and a bullish signal on the RSI suggest a potential move towards the $160-$180 range in the coming weeks. Meanwhile, institutional interest in Solana continues to rise as BlackRock’s BUIDL fund has launched on the network. Securitize, a leader in real-world asset (RWA) tokenization, has brought BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) to Solana. This offers institutional-grade, yield-bearing assets, like US treasury bills, with dividends paid directly to wallets. Related: 21Shares Brings Bitcoin, Solana, and XRP ETPs to Nordic Markets As of late March, over $1.7 billion in BUIDL tokens have been issued across different blockchains. By using Solana’s speed and low fees, BlackRock intends to further expand institutional adoption of tokenized real-world assets. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

⚡️ JUST IN: Revolut has launched a standalone crypto trading app, Revolut X, aiming to rival major exchanges and expand beyond Europe to the U.S. market.