iMe Messenger and Crypto Wallet Review: Designed for Secure Chats and Low-Fee DeFi

iMe Messenger and Crypto Wallet Review: Designed for Secure Chats and Low-Fee DeFi

The iMe Messenger and Crypto Wallet, developed by iMe Lab, is a five-star multi-functional client powered by Telegram API. Telegram is a privacy-focused messenger and one of the world’s largest applications.

Leveraging Telegram APIs

This means the platform incorporates some of the critical features of Telegram and aspects of decentralized finance (DeFi), essentially becoming a Telegram client with crypto wallet support. 

Aiming to revolutionize messaging, the iMe Messenger also has integrated tools and leverages artificial intelligence and blockchain. 

Combining all these features and integration makes the iMe Messenger and Crypto Wallet multi-functional, fast, powerful, and private. 

All user data are secured in a multi-cloud, ensuring privacy is protected–an impeachable human right.

iMe Messenger Features

The iMe Messenger is designed to work for chats. 

Accordingly, the client has specific topics and chats folders complete with advanced settings for tabs and folders. 

This, in turn, introduces unparalleled levels of flexibility, allowing the end-user to sort and archive chats. At the same time, users can listen to music from the app’s music player while chatting from the same device.

For easy client onboarding, the iMe Messenger has specifically designed the front end and the user interface to be easy to use, regardless of a user’s tech-savviness. 

For instance, the messenger boasts a side menu setting, and users can filter contacts. There is also a multi-panel in chats. 

At the same time, they can disable the bottom bar in their respective channels. All iMe Messenger settings can also be backed up in the cloud. It is convenient, especially for users who may want to change devices but keen not to lose previous settings.

The messenger goes a notch higher for differentiation, especially in the array of tools it avails to users. Once installed and chatting, a user can multi-forward chats. Concurrently, they can also multi-reply in groups. 

Users chatting in multilingual groups/channels can also auto-translate incoming and outgoing messages. Additionally, users can convert voice messages into text, extract text from images, and make descriptions of images. 

Those in the move or busy not to reply can activate neurobots-assistants that can step in and offer quick replies in phrases and GIFs. 

The iMe Messenger Crypto Wallet is also multi-currency and forms a critical part of the iMe Smart Platform. Their merger of exciting features of Telegram and support of cryptocurrency—and by extension DeFi, makes iMe one of the most advanced messenger applications. 

iMe Messenger has been downloaded over 634k times. The application has over 93k active users, of whom most use Android devices.

Cryptocurrency Support and DeFi

The application is also a cryptocurrency wallet supporting some of the leading coins and DeFi tokens. Top of the list is ETH and USDT. Ether (ETH) is the native currency of the Ethereum network that’s now the home of DeFi. 

According to trackers, there are over $40 billion of digital assets managed by Ethereum-based DeFi protocols. The USDT token is an enabler, allowing users to interact with the various DeFi dApps. 

Already, iMe Messenger has integrated Uniswap. The DeFi protocol is the largest decentralized exchange globally, allowing the trustless exchange of tokens through incentivized pools where liquidity providers (LPs) earn rewards. 

Beyond DeFi tokens, iMe Messenger enables secure storage of LIME and OLCF. Through the platform, users can safely store, trade, and transfer these coins within chats. The platform also has its native currency, AiCoin. It enables in-app monetization and acts as a means of calculation.

For faster and seamless entry into crypto, iMe Messenger has partnered with Simplex. Users can purchase supported cryptocurrencies using their credit cards. This helps in driving adoption and improving awareness of cryptocurrencies. 

Simplex is a regulated financial institution that allows users to deploy a range of channels as payment options. 

To further enhance the user experience, especially those actively involved in DeFi, the iMe Messenger has integrated with the Binance Smart Chain (BSC). 

The smart contracting platform fronted by Binance is compatible with the Ethereum Virtual Machine (EVM), and transacting via the network is relatively cheap and faster since the platform is scalable. 

Telegramhttps://t.me/ime_en

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JP Morgan Poll: 22% of Investors Say Their Institutions Likely to Trade or Invest in Cryptocurrencies

JP Morgan Poll: 22% of Investors Say Their Institutions Likely to Trade or Invest in Cryptocurrencies

A recent JP Morgan poll found that 22% of the respondents said their respective organizations were likely to trade or to invest in cryptocurrencies. This figure (22%) is double the percentage of respondents (11%) who said yes when asked if their respective organizations were already trading or were invested in cryptocurrencies.

The Institutional Embrace of Cryptos

According to a report, the findings of this latest poll represent fresh evidence that backs the claim that more mainstream institutions are embracing crypto assets. Already, since the start of the year 2021, major corporations like Tesla have revealed their cryptocurrency holdings. Similarly, large hedge funds like Blackrock have signaled their intention to get exposure to crypto-assets like bitcoin (BTC).

Still, as the same report shows, an overwhelming majority (78%) of investors whose institutions are yet to embrace cryptos; said there were no plans to invest or to trade in cryptocurrencies. Additionally, nearly all the respondents (98%) “believe fraud in the crypto world is ‘somewhat’ or ‘very much prevalent.’”

Cryptos Are Here to Stay

Yet, despite this perception or reluctance to invest in cryptocurrencies, some 58% of the respondents still believe that this new asset class is “here to stay.” On the other hand, some 7% of the investors assert that cryptocurrencies “will become one of the most important assets.”

Since the start of Q4 of 2020, when Square Inc., announced its BTC holdings more listed companies have revealed the values of their cryptocurrency holdings. This fact is also supported by the latest data from bitcointreasuries.org, a website that tracks public and private companies that hold BTC. According to the site’s data, more than 1.36 million bitcoins, or 6.49% of the crypto asset’s circulating supply is currently in the hands of large companies and hedge funds.

Still, despite this apparent embrace of digital assets by mainstream organizations, some 21% of the polled investors still see cryptocurrencies as just a “temporary fad.” Additionally, about 14% of the respondents are in agreement with the characterization of crypto assets as “rat position squared.”

Do you agree with the view that crypto assets will become one of the most important assets? Tell us what you think in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

DeFi will bring a new golden age for the film industry

What can I do to prevent this in the future?

If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.

If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

Indictment Order Issued Against Leaders of the Geek Group for Their Role Using BTC in an Illegal Money Transmission Business

Indictment Order Issued Against Leaders of the Geek Group for Their Role Using BTC in an Illegal Money Transmission Business

A U.S. District Court has indicted three individuals behind the now-defunct Geek Group for their role in running an illegal money transmission business that used bitcoin to move funds across states. According to the indictment documents, it was Christopher Allan Boden then president of the Geek Group, who “sold bitcoin to numerous customers, in exchange for U.S. currency, primarily cash.”

Violation of Money Transmission Laws

The indictment of Boden and his accomplices comes more than two years after federal law enforcement raided the Michigan-based not-for-profit organization. Immediately after the raid, the Geek Group, which had previously been involved in charity work, announced the shut down of the organization.

Meanwhile, as the indictment documents show, Boden would obtain the BTC from Daniel Reynold Dejager, who lived in Washington. As part of their conspiracy, Dejager would “periodically travel to Michigan to meet with Boden.”

According to their adopted practice, Boden alongside Leesa Beth Vogt and others, “would deposit cash received from their customers into a bank account to which Dejager had access.” Alternatively, a transfer of cash to Dejager would be made and Dejager would then “use that currency to purchase additional bitcoin.”

However, according to the U.S. indictment, this arrangement was not in compliance with the relevant laws. In the indictment, the prosecutors said:

During the period relevant to this indictment, none of Boden, Vogt, Dejager and The Geek Group, (also known as the National Science Institute) was registered as a money services business or money transmitter with the United States Department of the Treasury.

Furthermore, the indictment document reveals that the “total value of bitcoin sold by Boden and his co-conspirators was equivalent to more than $700,000 in U.S. currency.”

Bitcoin Mixing

Meanwhile, the prosecutors also allege that between 2017 and 2018, Boden and Dejager resorted to mixing the BTC “before selling it to customers to conceal its origin.” In addition, Boden and his accomplices are accused of extending their services to customers involved in illegal activities. The document states:

(Boden and his accomplices) knowingly conducted and attempted to conduct a financial transaction, namely, the sale of bitcoin for cash, affecting interstate or foreign commerce involving property represented by an undercover law enforcement officer to be proceeds of specified unlawful activity, namely, distribution of controlled substances in violation of Title 21, United States Code, Section 841.

In the meantime, the indictment documents state that upon their conviction, Boden and his accomplices “shall forfeit to the United States a money judgment in the amount of at least $700,000.” In addition to the 1.33 BTC, all crypto assets accessible from wallets associated with two Trezor devices, comprising at least 0.365 BTC, seized on or about December 21, 2018,” shall be forfeited to the U.S. government.

If any of these remedies fail, “the United States shall be entitled to forfeiture of substitute property” the indictment concludes.

What are your views on this indictment of Boden and his colleagues? Tell us your thoughts in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ethereum’s EIP 1559 Fee Market Scheduled to Launch in July

Ethereum’s EIP 1559 Fee Market Scheduled to Launch in July

An All Core Developers call today confirmed that the Ethereum Improvement Proposal (EIP) 1559 would be packaged with the London hard fork this coming July regardless of the mining industry’s discontent with the proposal.

Developments Are Underway

The event will mark one of the significant milestones ever made on the Ethereum blockchain.

From the information given, about five other EIPs are likely to join EIP 1559 in London.

EIP 1559 Is a Big Deal

High Ethereum gas fees have been a great inconvenience in the Ethereum blockchain for a while now. In a few months, this might not be an issue anymore. Ethereum Improvement Proposal (EIP)-1559 will provide a solution for ETH high gas fees by improving how transactions operate on Ethereum and modifying the network’s current monetary policy’s underlying economics.

A significant feature of this new fee structure is that the inclusion fee is paid only to ETH miners. The mining will still burn essential costs under this plan. It ensures that it is only possible to use Ether-Tokens for transactions on the Ethereum network. In turn, it supports the economic value of ETH tokens within the Ethereum ecosystem and the risks associated with reducing risks involved with miner extractable value (MEV).

This burn is also designed to balance inflation on the Ethereum network, thus granting ETH miners block prizes and inclusion fees. Ensuring that the miner does not pay the base fee on an Ethereum block is vital because the mining incentive to exploit the TX fee is essentially removed to collect even more charges from network users.

Given the current difficulties of choosing the correct transaction fee, the proposal has been well received by Ethereum’s developers and consumers. On the other side, the miners and the mining pools have gathered against the initiative as it advanced to mainnet.

Campaigns Voting Out EIP

Indeed, Ethereum mining has been an incredibly lucrative business as of late. The total mining revenue surpassed a record $1.3 billion in February, with some 50% coming from fees alone, according to CoinMetrics. An increase in both the price of ether and transaction fees has introduced a wave of new hash power to the network, which is more than double that of a year ago.

Flexpool, a minority mining pool, started a publicity campaign against the EIP. There then joined several minority pools, followed by Ethermine and SparkPool. More than 60% of the hash power of the Ethereum network is now contrary to the proposal. Having about 10% hash capacity, F2Pool is the largest pool in favor of EIP.

On the call, developers from Ethereum chose to pair EIP 1559 with a difficulty blast delay. Also known as the “Ice Age,” the bomb raises the Ethereum network mining difficulty incrementally. Péter Szilágyi, the leading team at Geths, said that pairing EIP 1559 with the delay made it impossible to forge Ethereum without any technological barriers at that time.

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Russian Court Orders Mining Firm Cryptouniverse to Face New Trial on Fraud

Russian Court Orders Mining Firm Cryptouniverse to Face New Trial on Fraud

A major Russian mining firm is facing legal troubles in St. Petersburg, as three individuals are accusing the company of fraud. Cryptouniverse will now face a trial after a city court issued a criminal case order during the week.

A District Court Rejected to Launch a Criminal Case Against the Firm in 2020

According to RBC, the St. Petersburg City Court accepted the appeal of three customers of Cryptouniverse — a bitcoin (BTC) and litecoin (LTC) miner founded in 2018 — and considered the case should go before a trial.

At first, the legal case against the firm made the headlines in August 2020. Businessman Alexei Burik launched the legal initiative, who claimed that Cryptouniverse allegedly embezzled his crypto mining equipment and his mined coins worth 25 million rubles ($340,000).

At the time, the Kuibyshevsky District Court rejected the police decision to launch a criminal case on fraud, with the trio now involved, after the mining company filed an appeal.

As the St. Petersburg City Court accepted the plea of the three people, the criminal case is targeting Mikhail Kvasnikov, general director of Cryptouniverse, who owns around 60% of the firm.

Experts quoted by RBC have said that most of the legal cases against crypto mining farms, like Cryptouniverse, are related to a sudden change in equipment usage’s terms and conditions. Such changes, however, don’t favor at all the customers, stated the experts.

Is the Lack of Regulation on the Russian Crypto Mining Hurting the Business?

But the problem is deeper than it seems to be. The trade union of crypto miners in Russia is blaming the expensive costs of installing crypto mining rigs in homes. Thus, people are forced indirectly to rely on mining data centers.

According to Maxim Nikolaev, coordinator of the trade union of crypto miners in Russia, the lack of regulation in the crypto mining industry is triggering in some way this kind of legal trouble with mining firms.

Moreover, such lack of a legal framework opens the door to affect the profits of the crypto mining companies’ customers, experts say.

What do you think about this legal case against Cryptouniverse? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Taraxa Wants to Put Every Informal Transaction on the Record, Unveils Details About the Upcoming TGE

Taraxa Wants to Put Every Informal Transaction on the Record, Unveils Details About the Upcoming TGE

PRESS RELEASE. The Taraxa Foundation, a non-profit body supervising research and development of the Taraxa project, announced a public sale kicking off on March 4 at 6 PM PST. The token sale follows the launch of Taraxa’s public testnet and the release of a flagship application, with the main purpose of distributing TARA tokens to community members and funding ongoing technology and community development. Participants will be required to provide documentation and verify their eligibility in order to participate. The offer is not being made within the United States or to any U.S. persons (as defined under U.S. federal securities laws).

TARA token purchasing options and allocation

The token sale will take place from March 4 till March 15, with pre-registration starting at 6 PM PST on March 4. This is the first public sale held by the company after the 2018 private rounds led by Fenbushi Capital (an early investor in Ethereum), KuCoin, and LongHash Ventures. Through the sale, investors will be able to purchase TARA tokens, with the price ranging from $0.008 to $0.012 with different locking periods. All options will be offered simultaneously, and participants will be able to purchase any combination of the options. The minimum check size across all options is $1,000. Any unsold tokens will be allocated back into Community and Ecosystem development.

How to participate

The latest information can be found on Taraxa’s token sale information page. On the technical side, Taraxa is working with Tokensoft, the same Silicon Valley platform that has helped The Graph, Avalanche, and Findora to launch their token. Registrants will need to go through a KYC process in compliance with relevant regulations and rulings.

A blockchain ledger purpose-built for audit logging

Taraxa is a public ledger platform purpose-built for data via audit logging to track informal transactional agreements started in 2018 in Mountain View, CA, by two Stanford graduates, Steven Pu and Justin Snapp. Taraxa’s protocol features a slew of innovations, such as extremely high logic processing throughput, low inclusion latency, and low finalization without sacrificing security or decentralization. The core team hails from Stanford, Princeton, Berkeley, and Brown, with a balance of technical & business backgrounds from Qualcomm, EMC, Cadence, and Monitor Deloitte.

Public Sale Information Website: https://token.taraxa.io/

Company Website: https://www.taraxa.io

Media inquiries: media@taraxa.io

Partnership inquiries: partner@taraxa.io

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges

John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges

Tech entrepreneur and former anti-virus tycoon John McAfee has been indicted by the U.S. Department of Justice (DoJ) on money laundering and fraud charges. The United States Attorney for the Southern District of New York and the FBI unsealed the indictment charging McAfee and his associate Jimmy Watson with securities fraud.

John McAfee Indicted by US Law Enforcement for Fraud and Money Laundering Tied to Crypto Schemes

According to a press release published by the DoJ on March 5, John McAfee has been indicted for a number of charges tied to his cryptocurrency operations and his so-called “McAfee Team.” The Federal Attorney, FBI, and DoJ also charged McAfee’s alleged partner Jimmy Watson, who purportedly served as an “executive adviser” to McAfee’s alleged cryptocurrency squad.

John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges

McAfee and Watson have been charged with “conspiracy to commit commodities and securities fraud, conspiracy to commit securities and touting fraud, wire fraud conspiracy and substantive wire fraud, and money laundering conspiracy offenses stemming from two schemes relating to the fraudulent promotion to investors of cryptocurrencies qualifying under federal law as commodities or securities,” according to the DoJ announcement published on Friday.

Last Friday, Janice McAfee (John’s wife) was requesting legal assistance from a lawyer from Tennessee. One that can work with her husband’s Spanish lawyers and they need to have a strong understanding of cryptocurrency, she said. But this was seven days before John’s indictment on Friday, and she hasn’t spoken on the indictment formally on social media. Federal prosecutors say that John McAfee leveraged his social media presence to engage in “age-old pump-and-dump schemes.”

US Prosecutors Discuss McAfee ‘Tweeting to Hundreds of Thousands of His Twitter Followers’

Manhattan U.S. Attorney Audrey Strauss discussed how McAfee’s Twitter account held a strong amount of evidence.

“As alleged, McAfee and Watson exploited a widely used social media platform and enthusiasm among investors in the emerging cryptocurrency market to make millions through lies and deception,” Strauss said. “The defendants allegedly used McAfee’s Twitter account to publish messages to hundreds of thousands of his Twitter followers touting various cryptocurrencies through false and misleading statements to conceal their true, self-interested motives,” she added.

Strauss and U.S. prosecutors claim the ostensible McAfee team allegedly took in over $13 million from investors. “Investors should be wary of social media endorsements of investment opportunities,” Strauss warned during the announcement.

After the DoJ published the indictment against Watson and McAfee, the news went viral on social media. “John McAfee did nothing wrong,” one person tweeted on Friday evening. Others jokingly discussed McAfee’s famous million-dollar BTC bet he had going for a while.

“We were promised something John Mcafee never delivered,” one person teasingly tweeted sharing screenshots of McAfee’s humorous wager. The charges against McAfee and Watson derive from investigations that took place in 2017 during the crypto bull run and expanded in 2018 prosecutors note.

What do you think about the U.S. indictment against Watson and McAfee? Let us know what you think about this subject in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Economist: Ethereum and Bitcoin Look “Bullish” After Withstanding “Macro Beating”

Bitcoin and Ethereum are down from their recent 2021 highs, but compared to their traditional market counterparts, have shown more resilience during the recent “royal macro beating.”

Here’s why one top economist and investor says this is incredibly bullish for the two titan cryptocurrency assets.

Royal Macro Beating Can’t Take Down Bullish Bitcoin And Ethereum

This week, the stock market plunged, and precious metals saw a sharp selloff as the macro environment remains uneasy globally. Yet somehow, amidst a “royal macro beating”, Ethereum and Bitcoin have held up comparably well.

Economist and trader Alex Kruger says the resiliency is “bullish” for Bitcoin and Ethereum. The two top crypto assets have been in an uptrend for a full year now, and the recent macro jitters have been the first major bump in the road since.

Related Reading | “Wonderful” Shark Tank Investor Shifts Portion of Portfolio To Bitcoin and Ethereum 

Bitcoin exploded from lows around $4,000 to $58,000 per coin at the high, while Ethereum fell to under $100 and has risen to $2,000 since. The more than 10x rise, however, might be nowhere near the finish line, and holding up so well here could be the catalyst that sends the cryptocurrencies higher through the resistance level.

bitcoin and Ethereum macro beating

Ethereum and Bitcoin have held up extremely well compared to the S&P 500 and gold. | ETHUSD on TradingView.com

The Changing Of The Guard To Crypto Is Underway

The stock market is on thin ice, and precious metals cannot be upgraded or updated, and have limited use in the future as a store of value compared to cryptocurrencies.

The digital gold narrative has been working, and the steepness of the gold selloff above shows how effective the narrative has been. Crypto prices holding up so well while gold plummets, could send even more capital flowing out of metals and into the scarce digital asset.

Related Reading | Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today

Profit-taking in the currency overheated stock market will want to follow the money, wherever the grass is greener and profits are consistent. If that place is the crypto market, the flood gates of capital could finally be coming that helps to push Bitcoin to prices of hundreds of thousands of dollars per coin, and tens of thousands of dollars per Ether.

The nascent technologies are only now coming into their own as financial assets, and institutional investors have begun to recognize the shift from traditional assets, to digital ones, and the ones who have been early thus far have been the most profitable.

Will Bitcoin and Ethereum continue to hold up this well, or will they ultimately succumb to the continuing macro beating going on across markets right now?

Featured image from Deposit Photos, Charts from TradingView.com