Hardware-based cryptocurrency wallet provider Ledger has experienced some issues due to massive outflows from crypto exchanges amid the FTX bloodbath, according to its chief technology officer. Ledger saw a “massive usage” of their platforms and suffered a “few scalability challenges” on Nov. 9, Ledger CTO Charles Guillemet reported in a statement on Twitter. Guillemet reasoned Ledger’s issues by the outcomes of the ongoing crisis of a major global cryptocurrency exchange, FTX. The CTO said that crypto investors have been increasingly offloading their holdings from crypto exchanges to Ledger, stating: “ After the FTX earthquake, there's a massive outflow from exchanges …

Blockchain software technology firm ConsenSys continues working on expanding blockchain interoperability by introducing a new tool to the MetaMask wallet. Metamask users can now bridge across multiple blockchain networks using MetaMask Bridges, which aggregates different blockchain bridges in one place, ConsenSys announced on Nov. 9. MetaMask Bridges supports major blockchains compatible with Ethereum Virtual Machine (EVM), including Ethereum, Avalanche, the Binance Smart Chain and Polygon. The new tool allows bridges of Ether (ETH) and Wrapped Ether (WETH), major stablecoins and native gas tokens, the firm said. The new bridge feature enables Metamask users to move tokens from one blockchain network …

October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.” According to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in October reached 1.11 million, increasing 18% from September, of approximately 950,000. This is despite trading volumes falling 30% to $662 million in October, the lowest registered in 2022, while the sales count decreased by 30% to 6.13 million, the firm said, adding: “The rise in the unique traders’ count …

MetaMask users will now have the ability to track the value of their nonfungible token (NFT) portfolio through its latest product. The wallet provider announced a new feature on Nov. 2, which will bring updated pricing information for the over 5,000 NFT collections held by MetaMask users. The new utility comes as a result of a partnership with NFTBank, an NFT portfolio management tool and valuation engine. To create its predictions, NFTBank uses machine learning algorithms which update users with price estimates for individual NFTs within a collection. According to the announcement the algorithm takes into consideration parameters such as …

Decentralized autonomous organizations are paving the way toward community governance for any kind of company. We’re seeing new creative use cases for DAOs, such as GameFi comic books laying the foundation for collectible card game development and support from key players like Ethereum co-founder Vitalik Buterin — who has claimed there is value in shared decision-making to eliminate acts of collusion. But on the other end of the spectrum, there are DAOs dissolving or running out of Ether (ETH) to pay back lenders, and there is also declining optimism. The number of critics is increasing along with their concern over …

Major credit card company Visa may be planning to explore digital wallet services based on two recent trademark applications. According to records submitted to the United States Patent and Trademark Office on Oct. 22, the Visa International Service Association filed two applications for its character mark to be used in software “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto assets and nonfungible tokens, or NFTs. The filings also suggested the credit card company may be exploring a move into the metaverse, with its namesake used in “virtual environments in which users can interact for recreational, …

Dogecoin (DOGE) price rallied to its best levels in two months as traders assessed Twitter's potential to create a cryptocurrency wallet product. Elon Musk fuels Dogecoin rally again DOGE price jumped to $0.081 on Oct. 27. The price gained roughly 40% two days after Jane Manchun Wong, a popular tech blogger, claimed that Twitter is working on a wallet prototype that supports cryptocurrency deposits and withdrawals. Elon Musk is the thread that connects Dogecoin and Twitter. Earlier this year, the Tesla/SpaceX CEO won the bid to purchase Twitter for $44 billion. Later, on April 11, he flirted with the idea …

Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, more targeted investments in the sector. In this week’s Venture Capital (VC) Roundup, we chronicle the latest Web3 funding initiatives and draw attention to a sharding platform, nonfungible token (NFT) marketplace, crypto banking solution and co-ownership infrastructure provider. Related: Blockchain games and metaverse projects raised $1.3B in Q3: DappRadar Gamers, athletes and content creators back WWVentures WWVentures, a boutique crypto venture firm, has raised $15 million for its Web3 fund — …

A software program called a web service enables computer-to-computer communication over the internet. However, web services are nothing new and typically take the form of an application programming interface (API). The Web is a collection of related hypertext materials that may be accessed online. For example, a user examines web pages that may contain multimedia using a web browser and uses hyperlinks to move between them. Tim Berners-Lee, who was employed by CERN, The European Organization for Nuclear Research, in Geneva, Switzerland, invented the Web in 1989. Since then, Berners-Lee has actively directed the development of web standards and has …

Crypto wallet provider Blockchain.com is the latest company to soon cease to provide services to Russian nationals due to the latest sanctions by the European Union. Blockchain.com has notified its users that it’s going to shut down accounts of Russian nationals in two weeks, the local news agency RBC reported on Oct. 14. According to the report, Blockchain.com will allow Russian users to withdraw their funds until Oct. 27, 2022. After that date, the accounts of Russian nationals are reportedly going to be blocked. The statement emphasized that Blockchain.com is currently prohibited from providing custodial and reward services to Russian …

A crypto wallet provider has unveiled fresh, new branding as part of its quest to deliver an even better user experience. Founded in 2018, SafePal is a Singapore-based company that provides secure and easy-to-use wallet solutions for the masses. It is the first wallet incubated and invested by Binance Labs, the venture arm of Binance. With a mission to make crypto secure and simple for everyone, SafePal has built comprehensive crypto asset management solutions — including hardware wallets, mobile wallets, extension wallets, cross-chain swaps, trading services and more. At present, the business supports 48 blockchains and 15 languages — serving …

Google’s latest crypto feature enables some Ethereum wallet addresses to have their ETH balances tracked straight off of the Google search engine — saving the need to make the trip to Etherscan. The feature was first made public by the Principal of Google Ventures Han Hua in an Oct. 11 Twitter post. Well done, blockchain address is now available in Google Search! pic.twitter.com/7IuKv1gddR — Han⚡️ (@hhua_) October 11, 2022 But Cointelegraph’s attempt to search for a Bitcoin address revealed a no-show on Google. Angel Investor Stephen Cole was not impressed, tweeting "Does Google not know about Bitcoin?" Cointelegraph also tried …