United States cryptocurrency exchange Coinbase has rolled out a new standalone browser extension for its Coinbase Wallet, giving users the ability to more easily access thousands of digital assets on decentralized exchanges, commonly known as DEXs. Beginning Monday, Coinbase Wallet will be available as a standalone browser extension, which means new customers can download the tool for free on Chrome. New users also have the option of importing an existing Ethereum-based wallet, such as MetaMask, the company said. Existing customers who have been using the Coinbase Wallet through WalletLink will also have the opportunity to use the new feature by …

Global payment giant PayPal is going after cryptocurrency wallet TokenPocket over an alleged trademark infringement. Apple temporarily removed the TokenPocket wallet from the App Store, the company announced Nov. 4. According to the firm, the reason for removal was a complaint from PayPal concerning an alleged trademark issue. TokenPocket said that they received communications from PayPal over the dispute with their company’s trademark in a letter earlier this year. TokenPocket stressed that they are willing to resolve in a friendly way, and PayPal “has no more replies to this.” “We attach great importance to this and dispatched professionals to conduct …

XDEFI Wallet, a browser-based service for DeFi and NFT assets, has officially integrated the layer-1 blockchain protocol Terra on its platform following a number of weeks of testing and development. With the addition of Terra, the platform now supports 9 blockchain networks including Bitcoin, Ethereum, and Polygon. It has also expressed intentions to incorporate Solana, Avalanche, and Arbitrum in the future. Earlier this month, XDEFI launched their public cross-wallet extension onto Google Chrome’s web store, with the stated intention of enabling easy-accessibility for the browser's users. In late September, XDEFI raised $6 million from a recognised number of venture capital …

An address with the foresight to purchase $3,400 worth of Shiba Inu (SHIB) last August has seen the value of the coins grow to a whopping $1.55 billion today. In total the unknown person has bought SHIB 44 times since August 2020 — with $3200 the largest purchase at any one time — and their total holding of 70,200,003,107,594 SHIB is now worth $5.63 billion. After the wallet address was shared on Twitter, user “Untraceable” questioned whether the SHIB market was liquid enough to “absorb $5.7 billion if this wallet sells?” According to Etherscan, the anonymous SHIB hodler purchased the …

Robinhood shares (HOOD) have fallen sharply on the back of the firm’s Q3 results which posted lower than expected crypto trading revenue. The popular retail trading firm published its Q3 report on Oct. 26, with crypto accounting for $51 million (19%) of the total $267 million worth of transaction-based revenue in the quarter. The release of the report on Tuesday coincided with HOOD dropping around 10% to $35.70, however the price has since gained 1.9% to sit at $36.40 at the time of this writing. The $51 million generated from crypto transactions in Q3 marked a 78% decrease compared to …

Bitcoin (BTC) was the first cryptocurrency, originating back in 2009. By offering a set-in-stone monetary policy combined with "permissionless-ness" and radical openness, Bitcoin presented an alternative opt-in financial system -- one where economic freedom reigns. The crypto space has since expanded far beyond Bitcoin. Largely driven by smart contract platforms like Ethereum (ETH), users now have access to an entire decentralized finance (DeFi) ecosystem, on-chain programmable art (in the form of nonfungible tokens, also known as NFTs), crypto-based games, and much much more. Given that less than 5% of people globally own Bitcoin, we can consider the cryptocurrency to still …

More than 1 million people are on the waitlist for Robinhood’s long-awaited crypto wallet according to CEO Vlad Tenev Speaking to Jim Cramer during CNBC’s Disruptor 50 summit on Oct. 21, Tenev stated that was very “proud” of Robinhood's progress in crypto, as he highlighted the firm’s recent push to provide a crypto wallet for its users: “A lot of people have been asking us for the ability to send and receive cryptocurrencies, transfer them to hardware wallets, transfer them onto the platform to consolidate. And you know, the crypto wallets waitlist is well over a million people now, which …

Five senators have called for the immediate closure of Facebook’s new crypto wallet just hours after it was launched in a partnership with Coinbase. Crypto skeptic Senator Elizabeth Warren was one of the five urging Facebook CEO Mark Zuckerberg to “immediately discontinue” the project. In a letter sent to Zuckerberg on Tuesday, the five senators wrote: “Given the scope of the scandals surrounding your company, we write to voice our strongest opposition to Facebook’s revived effort to launch a cryptocurrency and digital wallet, now branded ‘Diem’ and ‘Novi,’ respectively.” Diem is Facebook’s ambitious stablecoin project, formerly known as Libra, which …

The majority of blockchain applications are still yet to be widely used in everyday life, despite the technology's ability to provide advanced safety and privacy through encryption. For this reason, adoption of the technology is often placed at a standstill due to the inability of everyday users to see blockchain benefits as more than what cryptocurrencies provide. Across all industries, information security is becoming an essential consideration, as more and more applications are enabled to help people exchange personal and financial information. Many users have begun raising the question, "Is my data secure?" The blockchain has already proven that data …

Social media giant Facebook has tapped Coinbase and Paxos for its forthcoming Novi digital wallet project, which kicked off its pilot testing phase in the United States and Guatemala on Tuesday. Beginning Tuesday, a small cohort of users in both countries will be able to download the Novi digital wallet app on iPhone or Android devices and add money to their accounts with a debit card. From there, they will be able to send and receive money using Pax Dollar (USDP), a dollar-backed stablecoin issued by blockchain trust company Paxos. Facebook selected USDP in its pilot program because of its …

The Salvadoran government has moved to prevent users of its Chivo digital wallet from gaming the app’s price freeze feature to glean risk-free profits through arbitrage. On Tuesday, Chivo’s Twitter account announced that wallet users will be unable to see the reference price provided for trades executed using the price freeze feature — which allows traders to retain the Bitcoin (BTC) price quoted by the app for up to one minute. Chivo tweeted that opportunistic traders have been using the price freeze feature to scalp for arbitrage across other cryptocurrency trading platforms globally during periods of significant price volatility for …

XDEFI Wallet, a browser-based wallet service for decentralized finance (DeFi) and nonfungible token (NFT) users, launched its public version on the Chrome Store. Similar to the widely-used browser extension wallet MetaMask, the XDEFI Wallet supports DeFi applications across multiple blockchains. According to the announcement, the browser wallet works with the Ethereum (ETH) network and other Ethereum Virtual Machine-compatible chains. Supporting THORchain and Terra, XDEFI Wallet has plans to include Avalanche, Solana and Arbitrum. In a previous conversation with Cointelegraph, Émile Dubié, co-founder and CEO of XDEFI Wallet, argued that cross-chain compatibility was necessary to ensure better utilization of Web 3.0. …