Wallet news-Page 17
Coinbase announces support for hardware wallets, starting with Ledger
Major exchange Coinbase has announced it will begin to supporting crypto hardware wallets, starting with Ledger. The two companies made the announcement at the Ledger Open conference, which is taking place in Paris on Dec 9 and 10. Ledger is a major supplier of cold hardware wallets, which store users’ private keys more securely than hot online wallets. Users of the Coinbase Wallet browser extension will be able to connect their Ledger hardware wallets, maintaining self-custody and full controlover their assets. The partnership will be rolled out in phases, starting in the first quarter of 2022. Further down the track, …
Adoption / Dec. 9, 2021
A blockchain-based platform that helps create verifiable credentials launches its own mobile wallet
The functionality of a blockchain’s utility token extends beyond its monetary value. These tokens often serve as the primary incentivization mechanism for validators to keep the network running and stakeholders to participate in decentralized governance. As such, network participants would prefer to store their tokens in a secure environment – preferably devoid of any third parties. Dock, a platform that helps businesses and developers issue and verify credentials on the blockchain, has launched its own mobile wallet. The Dock Wallet – available on the App Store and Play Store – will let token holders store, send, receive and manage Dock …
Technology / Dec. 7, 2021
How to choose a secure DeFi wallet, explained
Which wallets are worth considering? The SafePal wallet is designed to address simplicity with a consolidated dashboard and cross-chain swapping features to support users with staking, amongst other earning opportunities. SafePal is providing users with a solution that operates as a completely non-custodial decentralized crypto asset management platform. The solution comprises a software and hardware wallet for users both simply and conveniently, targeting users who are still reluctant to participate in DeFi. The SafePal wallet is designed with a simplified dashboard that guides users to a series of DeFi pools without having to navigate through an overwhelming amount of DApps, …
Cryptocurrencies / Dec. 6, 2021
Got crypto? Here are 3 software wallets for storage, staking and swapping
Nearly every segment of the crypto sector underwent explosive growth in 2021. The steady inflow of institutional funds could possibly be interpreted as a signal that the best is yet to come. For new users, figuring out how to obtain cryptocurrency can be a tedious task, and the challenge of securing the assets off exchanges is another hurdle some investors find difficult to overcome. Here’s a rundown of some of the most used cryptocurrency soft wallets that support a wide swath of tokens and offer users access to decentralized finance (DeFi), nonfungible tokens (NFTs), staking opportunities and airdrops. MetaMask MetaMask …
Decentralization / Dec. 3, 2021
MercadoLibre plans to accept BTC and cryptocurrencies as payment for all products
MercadoPago, the fintech arm of e-commerce giant MercadoLibre, has enabled its Brazilian customers to buy, sell and hold Bitcoin (BTC), Ether (ETH) and the Paxos-issued U.S. dollar-backed stablecoin Pax Dollar (USDP). In a statement issued Thursday by U.S.-based Paxos, the blockchain infrastructure platform used by PayPal and Facebook, the partnership between MercadoPago and Paxos will allow users to pay for all products sold on the platform using cryptocurrency. Today marks another huge milestone in #crypto. @mercadopago, the largest payments provider in #LatAm, will offer Brazilian customers the ability to buy/sell/hold $BTC $ETH and the Paxos dollar #stablecoin $USDP #PoweredByPaxos https://t.co/Pfo3ZcAwwk …
Business / Dec. 2, 2021
In 2013, Wired destroyed the key to 13 Bitcoin now worth $760K... to make a point
There has been no shortage of people and institutions that woefully underestimated the potential of cryptocurrency. Among the ranks of once-were Bitcoin naysayers is Wired, which destroyed the private key to a Bitcoin (BTC) wallet holding 13.34623579 BTC back in 2013 in order to make the point the cryptocurrency was nothing more than an “abstraction”. The Bitcoin in the now inaccessible address is now worth $761,000. Author Robert McMillan (who now is a reporter with the Wall Street Journal) set up a Butterfy Labs Bitcoin mining rig in the corner of his office at Wired to see what all the …
Technology / Dec. 2, 2021
SafePal, Bifrost and Request Network soar after Bitcoin price hits $59K
Bitcoin (BTC) started the new month in strength and today's run up to $59,053 suggests that bulls are beginning to shake off the fears stirred up by the Federal Reserve's taper talks and the emergence of a new strain of Covid-19. Altcoins also saw their prices lift off and early hopes of a potential "Santa Claus rally" are making the rounds on crypto Twitter. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Request Network (REQ), Bifrost (BFC) and SafePal (SFP). Request Network transactions hit an all-time high Request Network is an …
Bitcoin / Dec. 1, 2021
Meta's head of crypto to step down at end of year
David Marcus, the head of Meta’s cryptocurrency and fintech unit Novi, will step down from his role by the end of 2021. Taking over from Marcus will be Stephane Kasriel, the former CEO of Upwork who has been at Meta, formerly known as Facebook, since August 2020. Marcus announced the decision via a Dec. 1 tweet, noting that he had made the “difficult decision” to leave the firm by the end of this year. The exec didn’t go into detail about what his next move would be, but hinted that it may be something “new and exciting” that he builds …
Business / Dec. 1, 2021
ENS DAO delegates offer perspective on DAO governance and decentralized identity
Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community. Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit for developers. Zhang spoke about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially sought to help ENS by offering Alpha Wallet as a user-friendly tool for …
Decentralization / Nov. 30, 2021
Coinbase acquires crypto wallet provider BRD's team as utility token price surges 500%
Crypto wallet provider BRD said “nothing will change” for users following an acquisition from major U.S. crypto exchange Coinbase. In a Nov. 24 letter to BRD users, CEO Adam Traidman and co-founder Aaron Voisine said some of the company’s team members would be moving to Coinbase to continue working on crypto wallets. Coinbase Wallet said on Twitter that the addition of the BRD team would “help accelerate web3 adoption” as well as provide “deep expertise in self-custody.” “Nothing will change in the BRD wallet app and as always, your funds are safe and secure,” said the BRD execs. “In the …
Business / Nov. 24, 2021
Airdrop rumors result in a swarm of activity on MetaMask Swap and Polygon
Five to six-figure-size airdrops have become the new norm in the crypto sector and a growing number of analysts believe there are more to come. In September dYdX distributed a massive airdrop to early users and last week the Ethereum Name Service gave out roughly $17,000 to $30,000 in ENS tokens to platform users. Anticipation of additional "helicopter money" has also led to a flurry of airdrop hunters seeking out the next big score. The mad dash to engage with protocols and qualify for possible token drops led to an uptick in activity on Polygon, a popular layer-2 platform, and …
Markets / Nov. 18, 2021
Brave launches browser-native crypto wallet to combat fake extensions
Privacy-oriented browser Brave continues to deepen its commitment to cryptocurrency adoption by replacing its extension-based cryptocurrency wallet with a browser-native one. The company announced to Cointelegraph on Tuesday that it is prepping the official launch of Brave Wallet; a self-custody cryptocurrency wallet built into the Brave desktop browser, enabling users to store and buy cryptocurrencies like Ether (ETH). Brian Bondy, chief technology officer and co-founder at Brave, told Cointelegraph that the new wallet replaces Brave's MetaMask extension fork named Crypto Wallets. According to the CTO, the new implementation that was "built from scratch, natively into the Brave Browser.” The new …
Adoption / Nov. 16, 2021