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Goodbye, Telegram. Here Comes Secretum

Telegram took the world by storm when it was first released in 2013. The brainchild of the Durov brothers, the founders of VKontakte (known as “Russia’s Facebook”), the cloud-based app soon became a synonym for secure, end-to-end encrypted messages, and a wide range of channels and user-friendly features.

Telegram was an immediate hit and grew exponentially. From only 100,000 active daily users in October 2013, it reached 100 million in January 2016 and 500 million by the end of 2020:

As of today, Telegram  is the fifth most popular messaging app in the world:

Despite its success and growth, recent events have begun to  put into doubt the reputation of Telegram as the go-to safe messaging app:

  • In June 2019, hackers were able to break into the Telegram accounts of thousands of top Brazilian officials, including President Bolsonaro
  • In March 2020, Telegram mistakenly exposed the data of 42 million users (user account IDs, phone numbers, and names).
  • Telegram suffered a massive data leak in August 2020 that exposed the personal data of over 500 million users.
  • Cybercriminals were able to take advantage of Telegram’s chat scripting tools to hack bank account data.
  • The cyber unit of the Chinese government claimed in 2018 to be able to hack into Telegram.

These events have led millions of users to openly ask: is Telegram really that safe?

Telegram’s Weaknesses, Exposed

Telegram has been designed in a way that by default exposes its users to a variety of risks:

  • Telegram needs access to the user’s phone contacts for registration and collects IP data (the user’s location). That means users can only message people they know, while the stored contact info jeopardises data security.
  • Some end-to-end encryption options are offered using the MTProto 2.0 protocol, but some messaging remains unencrypted.
  • Having a cloud-based architecture means all messaging histories are stored on Telegram’s cloud – where it is vulnerable to being hacked.

With no other viable competing messaging solutions on the horizon, the only truly safe alternative may come in the form of a technology that is already revolutionising the global economy – Blockchain.

The Secretum Solution – The Start Of The Secure Messaging Era

In 2020, a team of crypto technology experts from Lithuania began work on the ultimate Blockchain-powered app, with the aim of creating the safest messaging protocol in the world – Secretum.

Secretum is the world’s first and only decentralised, encrypted messaging app, built on the innovative Ethereum and Solana Blockchains. It offers users an easy, intuitive, and direct messaging platform, based on unique technological innovations:

  • A completely secure and anonymous sign up, only needing a crypto wallet address. No need for names, IDs, or phone numbers (like Telegram). Total user privacy, without compromise.
  • No cloud storage, no user moderation, and complete end-to-end encryption for all messages between users – completely eliminating the risk of hacks or data leaks.
  • All messaging history and files are held on anonymous, independent, and non-connected nodes, on the Secretum network – which eliminates all points of failure and, as it grows and expands its nodes, becomes increasingly secure.

In addition to its advantages as a messaging app, Secretum also revolutionises how crypto assets are exchanged. Via a proprietary P2P function, all fungible and non-fungible crypto assets can be traded P2P without the need for an exchange – as easy as sending a message to a friend. Thanks to Solana, the fastest Blockchain in the world, Secretum fully takes advantage of low gas fees, high block speeds, and minimal commissions.

Secretum sets a new standard for global messaging apps, making communications more secure, more reliable, and more trustworthy than ever before. With its crypto trading functions, it positions itself to ride the trend of rising global crypto asset ownership and trading.

Thanks to its technology and functions, Secretum has the potential to become a globally known and recognised brand, just like Telegram: only without its limitations.

Join the Secretum Private Sale: https://secretum.io/

Bitcoin Shows Bearish Signs, Risk of Breakdown Below $56K

Bitcoin failed again to clear the $58,500 resistance against the US Dollar. BTC is declining and it might accelerate lower below the $56,000 support in the near term. Bitcoin is struggling to move above the $58,000 and $58,500 levels. The price is just trading above $57,000 and the 100 hourly simple moving average. There was::Listen

Bitcoin failed again to clear the $58,500 resistance against the US Dollar. BTC is declining and it might accelerate lower below the $56,000 support in the near term.

  • Bitcoin is struggling to move above the $58,000 and $58,500 levels.
  • The price is just trading above $57,000 and the 100 hourly simple moving average.
  • There was a break below a key bullish trend line with support near $57,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could accelerate lower if there is a clear break below the $56,000 support zone.

Bitcoin Price is Struggling

Bitcoin price failed to gain pace above the $58,500 resistance zone. BTC is slowly moving lower from the last swing high at $58,890. There was a break below the $58,000 level.

The price traded below the 23.6% Fib retracement level of the upward move from the $53,300 swing low to $58,890 high. Besides, there was a break below a key bullish trend line with support near $57,200 on the hourly chart of the BTC/USD pair.

Bitcoin is now just trading above $57,000 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $57,500 level. The first major resistance is near the $58,000 level.

Source: BTCUSD on TradingView.com

The main resistance is still near the $58,500 level. A clear break above the $58,500 resistance zone could open the doors for more upsides. The next key resistance is near the $60,000 level, above which the price could rise steadily. The next stop for the bulls may possibly be near the $61,200 level.

Fresh Drop In BTC?

If bitcoin fails to clear the $58,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $57,000 level. The first major support is now forming near the $56,800 level and the 100 hourly SMA.

The next major support is near the $56,000 level. It is near the 50% Fib retracement level of the upward move from the $53,300 swing low to $58,890 high. A downside break below the $56,000 support may perhaps push the price towards $55,500. Any more losses might start a major decline towards $52,000.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently below the 50 level.

Major Support Levels – $57,000, followed by $56,000.

Major Resistance Levels – $58,000, $58,500 and $60,000.

Goodbye, Telegram. Here Comes Secretum

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