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Wells Fargo is issuing a warning to US bank customers as new numbers shed light on the amount of fraudulent transfers hitting Americans’ bank accounts. In a new op-ed, Wells Fargo fraud expert Margarita Alvarez says imposter scams are on the rise, with $2.7 billion lost in 2023, according to the Federal Trade Commission (FTC). Imposter scams utilize a wide variety of techniques to steal cash, including fake payment app requests, phony bank alerts and phone calls, and scams involving the cloned voices of friends and family members. To avoid becoming a victim, Alvarez recommends customers use two-factor authentication and official bank app alerts, while remaining extremely vigilant and cautious about unsolicited requests for money or sensitive details. Writes Alvarez in IE Community News, “Providing personal information such as one-time passcodes, passwords, or PINs can give scammers access to your account and funds. Your bank won’t ask you to send a payment or hand over your physical card to prevent fraud. If you get a call asking for that, hang up and call your bank directly.” The warning comes as new data from Statista shows US bank customers lost $503.91 million to fraudulent transfers and payments in the third quarter of this year alone. That’s ahead of fraudulent crypto transfers, at $331.61 million. Statista compiled its data using reports from US consumers to the FTC, based on people who reported losing anything from $1 to $999,999. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Wells Fargo Issues Fraud Warning As Scammers Drain $503,910,000 From US Banks in Three Months appeared first on The Daily Hodl .
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Bitcoin Edges Closer to $100,000 As Alts Surge
Bitcoin surged to multiday highs on Nov. 29 as traders eyed a potential move to $100,000. BTC price eyes $100K Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $97,539 on Bitstamp. The cryptocurrency recovered from its recent dip to $90,800, fueling optimism about a six-figure price milestone. Commentator Byzantine General noted a bullish setup, with lower open interest (OI) on exchanges supporting the case for further gains. “Open interest reset, support held up. Looks to me like we’re gonna take out the local highs and potentially take a stab at piercing 100k,” he wrote on X. “A lot of the passive supply already got taken out the previous attempt, so there’s a pretty good chance that we see 100k soon.” Trader Jelle echoed this sentiment, stating that a six-figure price was “in sight.” “Bitcoin is pushing for a breakout,” he said on X, sharing a chart of BTC/USD attempting to breach a trendline established after its Nov. 22 all-time high of $99,800. Jelle compared the current price action to October 2023, when BTC/USD broke through $30,000 and continued to new highs five months later. “A $100K $BTC is in reaching distance,” said fellow trader Daan Crypto Trades. “Going to take some time getting used to a 6-figure Bitcoin. But I like it.” Bitcoin and gold comparisons emerge Others focused on Bitcoin’s potential to follow gold’s recent strong performance. As previously reported, Bitcoin’s price action could be trailing gold by roughly three months. Charles Edwards, founder of Capriole Investments, highlighted the upside potential. “In just 16 weeks, gold gained $3.8T this summer. Bitcoin from $100K to $200K is just $2T,” he explained. He added, “BTC is a superior, more liquid, fungible and divisible asset that trades 24/7.” The Daily Hodl
![November 29, 2024 – Prague, Czech Republic The hardware wallet company reported a 600% increase in sales following the US elections and recorded its highest single-day sales in history. Trezor , the original Bitcoin hardware wallet company, has reported the most successful sales week in its history. This milestone coincides with Bitcoin’s sharp price surge, nearing the $100,000 mark. The beginning of a new bull market, increased interest in cryptocurrency and a growing shift away from CEXs (centralized exchanges) toward self-custody have significantly driven Trezor’s record-breaking sales. The historic sales week followed the US presidential election, with Trezor experiencing an extraordinary 600% increase in weekly sales compared to the previous six-month average. This surge peaked on Friday, November 22, 2024, when Trezor achieved its best single sales day ever. Sales were 11 times higher than the typical daily average over the last six months, and it eclipsed its previous high on May 17, 2023, when Ledger announced its ‘Ledger Recovery’ service. Commenting on the milestone, Danny Sanders, chief commercial officer at Trezor, said, “These unprecedented results highlight the growing interest in cryptocurrencies. “A pivotal moment was Bitcoin becoming one of the topics during the US presidential elections, which served as a catalyst for further adoption. “Moreover, these remarkable results were fueled by a long-term increase in awareness among crypto users about the importance of self-custody. “The mantra, ‘not your keys, not your coins,’ remains highly relevant, as the market continues to recognize the risks of leaving assets on [CEXs] – a hard lesson learned from the collapse of numerous exchanges in the past. “All of this underpins the success of our expanded product range with the new ‘Safe’ and ‘Keep’ series and expert onboarding, making it easier for new people to onboard to hardware wallet.” The shift towards self-custody The shift towards self-custody is evident as Bitcoin reserves on exchanges have declined to their lowest levels in six years. In 2024 alone, approximately 427,000 BTC, valued at $40 billion, were withdrawn from CEXs (source – Cryptoquant). High-profile exchange failures, regulatory uncertainty and increased user education have driven this movement. Self-custody solutions like Trezor ensure users maintain full control of their funds, mitigating the risks associated with third-party custodians. New product line drives record sales Trezor’s new product families played a key role in achieving these outstanding results. The hardware wallets Trezor Safe 3 and Trezor Safe 5 have attracted significant attention for their user-friendly features, sleek modern design and robust security backed by Trezor’s open-source philosophy. Complementing these wallets, the Trezor Keep Metal – a durable solution for securely safeguarding wallet backups – and Trezor Expert, a personalized one-on-one online onboarding service, have seamlessly integrated into Trezor’s portfolio. Together, these innovations have made self-custody more accessible to both seasoned crypto enthusiasts and newcomers, empowering more users to take control of their financial future. Trezor’s commitment to empowering individuals through security, transparency and innovation continues to resonate with a global audience, driving record-breaking growth and positioning the company for continued success as the bull market accelerates. About Trezor Trezor is the original Bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies. Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software products that help protect users – from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative, which educates grassroots communities across the African continent on safe participation in the Bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and Bitcoin companies. Contact Jiri Kroulik , PR lead at Trezor This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements The post Trezor Sees Record Sales Week As Bitcoin Approaches $100,000 appeared first on The Daily Hodl .](/image/674a10611298e.jpg)
Trezor Sees Record Sales Week As Bitcoin Approaches $100,000
November 29, 2024 – Prague, Czech Republic The hardware wallet company reported a 600% increase in sales following the US elections and recorded its highest single-day sales in history. Trezor , the original Bitcoin hardware wallet company, has reported the most successful sales week in its history. This milestone coincides with Bitcoin’s sharp price surge, nearing the $100,000 mark. The beginning of a new bull market, increased interest in cryptocurrency and a growing shift away from CEXs (centralized exchanges) toward self-custody have significantly driven Trezor’s record-breaking sales. The historic sales week followed the US presidential election, with Trezor experiencing an extraordinary 600% increase in weekly sales compared to the previous six-month average. This surge peaked on Friday, November 22, 2024, when Trezor achieved its best single sales day ever. Sales were 11 times higher than the typical daily average over the last six months, and it eclipsed its previous high on May 17, 2023, when Ledger announced its ‘Ledger Recovery’ service. Commenting on the milestone, Danny Sanders, chief commercial officer at Trezor, said, “These unprecedented results highlight the growing interest in cryptocurrencies. “A pivotal moment was Bitcoin becoming one of the topics during the US presidential elections, which served as a catalyst for further adoption. “Moreover, these remarkable results were fueled by a long-term increase in awareness among crypto users about the importance of self-custody. “The mantra, ‘not your keys, not your coins,’ remains highly relevant, as the market continues to recognize the risks of leaving assets on [CEXs] – a hard lesson learned from the collapse of numerous exchanges in the past. “All of this underpins the success of our expanded product range with the new ‘Safe’ and ‘Keep’ series and expert onboarding, making it easier for new people to onboard to hardware wallet.” The shift towards self-custody The shift towards self-custody is evident as Bitcoin reserves on exchanges have declined to their lowest levels in six years. In 2024 alone, approximately 427,000 BTC, valued at $40 billion, were withdrawn from CEXs (source – Cryptoquant). High-profile exchange failures, regulatory uncertainty and increased user education have driven this movement. Self-custody solutions like Trezor ensure users maintain full control of their funds, mitigating the risks associated with third-party custodians. New product line drives record sales Trezor’s new product families played a key role in achieving these outstanding results. The hardware wallets Trezor Safe 3 and Trezor Safe 5 have attracted significant attention for their user-friendly features, sleek modern design and robust security backed by Trezor’s open-source philosophy. Complementing these wallets, the Trezor Keep Metal – a durable solution for securely safeguarding wallet backups – and Trezor Expert, a personalized one-on-one online onboarding service, have seamlessly integrated into Trezor’s portfolio. Together, these innovations have made self-custody more accessible to both seasoned crypto enthusiasts and newcomers, empowering more users to take control of their financial future. Trezor’s commitment to empowering individuals through security, transparency and innovation continues to resonate with a global audience, driving record-breaking growth and positioning the company for continued success as the bull market accelerates. About Trezor Trezor is the original Bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies. Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software products that help protect users – from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative, which educates grassroots communities across the African continent on safe participation in the Bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and Bitcoin companies. Contact Jiri Kroulik , PR lead at Trezor This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements The post Trezor Sees Record Sales Week As Bitcoin Approaches $100,000 appeared first on The Daily Hodl . The Daily Hodl
