Cryptocurrency exchange Luno has added support for Solana (SOL), according to a Thursday announcement.

The trading platform’s users are now able to buy, sell and store the “Ethereum killer.”

Luno, which is a subsidiary of crypto-focused venture capital giant Digital Currency Group, also announced listing Cardano (ADA) last month.

The Luno exchange was originally launched in 2013. The following year, it received an investment from DCG, its current owner.

Luno was acquired by DCG back in September 2020, which marked its entry into the retail cryptocurrency market.

The exchange boasts more than nine million customers in a total of 43 countries.

Compared to other cryptocurrency exchanges, Luno’s cryptocurrency offering is relatively modest: it is limited to Bitcoin (BTC), Ethereum (ETH) and several major altcoins.

Luno launched a new investment arm earlier this March in order to support various cryptocurrency projects.

In April, Luno secured a multimillion-dollar deal with London-based concert venue KOKO, which was yet another example of the entertainment and crypto industries joining forces with each other.

In August, the trading platform received digital asset service provider (DASP) registration in France.

Solana (SOL) is in green

Solana (SOL) is up 2.13% over the past 24 hours, according to data provided by CoinMarketCap.

It is the 4th best-performing token within the top 10, trailing behind Ethereum (ETH), XRP and Dogecoin (DOGE).

Luno, the global cryptocurrency investment app, announced that it is adding two more cryptocurrencies to its app ‘Cardano (ADA) and Solana from early October (SOL).’

According to the company, users can buy, sell, and store ADA on the Luno app and website, alongside its existing cryptocurrency offering. Luno will also be adding SOL to its investment portfolio early next month.

Cardano is described as a ‘Next-gen evolution’ of Ethereum. It aims to be the most scalable and sustainable platform for running decentralised applications (dApps) by taking a methodical, research-driven approach to its development.

Also, Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning Defi, NFTs, Web3, and more, the company noted.

Marius Reitz, General Manager for Africa at Luno. said “As big advocates of building for the long term, we believe it’s important to give customers access to newer crypto applications that have a promising future. Now, not only do customers have access to ADA and SOL, they also have the peace of mind that comes with the rigorous security that customers rely on from Luno.”

“In a world that can look complex, we want to break down the complications around cryptocurrencies to make it easy for people to buy, send, store, and learn about.”

Read also: Binance deepens crypto education with meetups across Southern Nigeria

However, customers don’t need to make one large investment to get started but can build and grow their investment overtime through smaller amounts – similar to how they make contributions to their pension for example, he said.

With continuing interest in the wider applications of Bitcoin, ADA and SOL are the latest cryptocurrencies that Luno is adding to its portfolio, following the addition of Chainlink (LINK) and Uniswap (UNI) earlier this year. Luno wants to ensure its ten million+ customers have access to these wider investment opportunities.

Furthermore, while ADA and SOL meet Luno standards for safety, being listed on Luno is not an endorsement of its future potential as an investment. Luno assesses prospective assets based on factors like security, compliance, and utility, but will always suggest anyone looking to invest in crypto should do their own research and exercise good judgment before investing, the company said.

Digital asset exchange Luno will be adding two cryptocurrencies to its platform: Cardano (ADA) on 21 September 2022 and Solana (SOL) on 6 October 2022.

This comes after the addition of Chainlink (LINK) and Uniswap (UNI) earlier this year, bringing the total number of coin offerings that Malaysian users can buy, sell and store on Luno to nine.

Cardano aims to be the most scalable and sustainable platform for running decentralised applications (dApps), while Solana claims to be the fastest blockchain in the world and the fastest growing ecosystem in crypto.

However, according to Luno, while ADA and SOL meet the platform’s standards for safety, the listing is not an endorsement of the coins’ future potential as an investment.

“Luno assesses prospective assets based on factors like security, compliance, and utility, but will always suggest that anyone looking to invest in crypto do the necessary research and exercise good judgement before investing,”

Luno Country Manager Aaron Tang said.

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Luno today has announced that it is adding two new coins to the existing cryptocurrency offerings on its platform. These being Cardano (ADA) and Solana (SOL), two coins that are currently trending in the crypto scene.

According to the company, users can buy, sell and store ADA coins on its app and website starting from 21 September 2022 onwards. The SOL cryptocurrency, on the other hand, is only slated to arrive within the same year from 6 October onwards.

These new additions will bring the total number of supported investible digital assets on Luno up to nine, joining alongside its current cryptocurrency portfolio which includes Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, USD Coin, Chainlink, and Uniswap. As you may recall, the platform had only recently brought in the latter two coins back in late June this year.

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As Luno puts it, “Cardano is often described as a ‘next gen evolution’ of Ethereum” which aims to be “the most scalable and sustainable platform for running decentralised applications (dApps) by taking a methodical, research-driven approach to its development.” On the other hand, the platform regards Solana as being “the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning decentralised finance (DeFi), non-fungible tokens (NFTs), Web3 and more.”

Via a press release, Luno country manager Aaron Tang says the addition of ADA and SOL will give the platform’s customers access to newer crypto applications that have a promising future. He notes that both coins meet the company’s standards for safety, which is in line with Luno’s commitment to offer “the most compelling investment options, viewed through a long-term lens.” Tang further adds that customers will be able to explore and invest in more opportunities over the coming months, but did not elaborate further regarding this.

Much like the introductions of Chainlink and Uniswap prior to this, Luno is offering customers 50% off Instant Buy and Sell, as well as reduced exchange fees for both Cardano and Solana cryptocurrencies in conjunction with their respective arrivals on the platform. This promotion is slated to commence from 21 September until 20 October 2022 for the former, and from 6 October until 7 November 2022 for the latter. For customer reference, Luno says it will update its fees and features page to include both upcoming coins when the time comes. 

(Source: Luno press release)

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Luno, Malaysia-based digital asset exchange, has on Wednesday announced that it is adding two more cryptocurrencies to its platform: Cardano (ADA) and Solana (SOL), further expanding their range of investible digital assets.

In a statement, Luno said that from September 21, users can buy, sell, and store ADA on the Luno app and website, alongside its existing cryptocurrency offering.

Luno will also be adding SOL to its platform from October 6.

With continuing interest in the wider applications of bitcoin, ADA and SOL are the latest cryptocurrencies that Luno is adding to its portfolio, following the addition of Chainlink (LINK) and Uniswap (UNI) earlier this year.

This brings the total number of coin offerings for Malaysians to nine, as Luno continues ensuring that Malaysian investors gain access to wider investment opportunities.

“As big advocates of building for the long term, we believe it’s important to give customers access to newer crypto applications that have a promising future,” Luno Country Manager Aaron Tang said. 

“In a constantly evolving crypto landscape, we want to empower financial literacy amongst Malaysians by promoting a stronger understanding of digital assets and investment,

“More importantly, we want our investors to be able to progress in their crypto journey with Luno with the peace of mind that comes with the rigorous security that customers rely on from Luno,” he said.

“We want to break down the complications around cryptocurrencies, and provide a platform that makes it easy for people to invest and learn about them,

“Investors don’t need to make one large investment to get started but can build and grow their investment over-time through smaller amounts – the minimum amount to get started investing on Luno is only MYR1 ($0.22),” he added.

Cardano is often described as a ‘next gen evolution’ of ethereum.

It aims to be the most scalable and sustainable platform for running decentralised applications (dApps) by taking a methodical, research-driven approach to its development.

Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning decentralised finance (DeFi), non-fungible tokens (NFTs), Web3 and more.

According to Tang, while ADA and SOL meet Luno standards for safety, being listed on Luno is not an endorsement of its future potential as an investment.

“Luno assesses prospective assets based on factors like security, compliance, and utility, but will always suggest that anyone looking to invest in crypto do the necessary research and exercise good judgement before investing,

“Luno only offers the most compelling investment options, viewed through a long-term lens. Over the coming months, customers will be able to explore and invest in more opportunities to tap into a new global financial system and participate equally,” he added.

Luno was founded in 2013 with a mission to put the power of crypto in everyone’s hands.

The firm has become a leader in responsible crypto education and investment, introducing over 10 million people to crypto in more than 40 countries across the US, Europe, Africa, Asia and Australia. 

Luno is part of the Digital Currency Group, the world’s largest blockchain investor, with over $40 billion in crypto under management.

It offers products and services that make it safe and easy to buy, store and learn about cryptocurrencies like bitcoin and ethereum.

The business undergoes independent proof of reserves audits each quarter to provide customers with the assurance that their crypto is safe.

In Malaysia, Luno is the first regulated and leading digital assets exchange, under the Securities Commission Malaysia, offering Malaysians a safe and secured platform to start investing in cryptocurrencies.

Global retail cryptocurrency app Luno partners payment provider FIS to introduce its newest payment option

KUALA LUMPUR (Sept 14): Malaysian digital asset exchange operator Luno said on Wednesday (Sept 14) it will add the Cardano cryptocurrency onto its platform next Wednesday (Sept 21), and Solana on Oct 6, to further expand the range of investible digital assets on the platform.

“As big advocates of building for the long term, we believe it’s important to give customers access to newer crypto applications that have a promising future,” Luno country manager Aaron Tang said in a statement.

Tang said that in a constantly evolving cryptocurrency landscape, Luno wants to inculcate financial literacy among Malaysians by promoting a stronger understanding of digital assets and investment.

“More importantly, we want our investors to be able to progress in their crypto journey with Luno, with the peace of mind that comes with the rigorous security that customers rely on from Luno”, he said.

More to come

Even with the crypto market experiencing a crash, crypto scams are still going strong. Phishing scams, in particular, are favored among cybercriminals.

According to the data analyzed by the Atlas VPN team, based on the information provided by the CheckPhish URL scanner tool by Bolster, Blockchain is the most commonly phished crypto project, with 662 phishing websites in the last 90 days.

Blockchain is followed by cryptocurrency wallet Luno and proof-of-stake blockchain platform Cardano with 277 and 191 phishing pages, respectively.

The data features detected cryptocurrency phishing website numbers in the last 90 days till June 22nd, 2022.

The next top-most phished crypto brand is Poloniex. The crypto exchange has had 72 phishing websites using its brand in the past three months.

Meanwhile, NFT marketplace Magic Eden and yet another crypto exchange, Bittrex, share the fifth and the sixth spots on the list with 67 and 65 phishing websites each.

The rest of the top ten includes the largest cryptocurrency exchange Binance with 59 phishing websites, crypto investing service Apex Crypto with 23 phishing websites, open-source cryptocurrency wallet software MyEtherWallet with 21, as well as Bitcoin wallet service Electrum and Australian cryptocurrency assets exchange BTC Markets each with 16 phishing websites.

Ruta Cizinauskaite, the cybersecurity researcher and writer at Atlas VPN, shares her thoughts on crypto phishing scams: “Brand impersonation is a common tacting among cybercriminals as people are more likely to trust the brands they know with their money or information. To lure in their victims, scammers develop counterfeit websites using legitimate brand names, similar-looking URLs or appearances. Crypto scams, in particular, are very lucrative to cybercriminals as cryptocurrency payments are irreversible, uncontrolled by central authorities, and many newcomers are not very knowledgeable in how crypto works. ”

To read the full article, head over to:

https://atlasvpn.com/blog/blockchain-com-luno-and-cardano-are-the-top-most-phished-crypto-projects

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