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Storing crypto on an exchange risks theft and hacks. But DIY can also be perilous — just ask the guy who accidentally trashed a hard drive and his Bitcoin fortune.
Blockchain technology has the potential to slash transaction fees, speed up money transfers and lift up the world’s poor. Why aren’t we doing that yet?
Improving crypto user experience is an imperative and need not come at the cost of security: Opinion
The key to making crypto easier to use while less prone to skulduggery lies in centralizing some security and UX features, writes Hsuan Lee of Blocto.
Having a crypto wallet is necessary to participate in a token airdrop, but wallets are also vulnerable to hacks and mishaps, writes Ravindra Kumar of Frontier.
Ledger’s attempt to simplify self-custody and key recovery triggered a community revolt. Was this inevitable or could Ledger have sidestepped this fiasco?
FATF’s travel rule is looming over the crypto industry as an existential threat, writes Jack Jia of Unlimit. Here’s why it’s especially worrying to DeFi and self-custody wallet users.
Cryptocurrency wallet Ledger’s new update allows governments to access users’ seed phrases via subpoena, said Pascal Gauthier, the chief executive officer of Ledger.
People won’t want to bother with a new technology if it’s painful to use, even if they’re aware of the potential benefits, writes Toby Rush of Redeem.
Securing keys is an issue that has bedeviled the crypto world, as the $600M Ronin and $300M Wormhole heists have painfully shown. Is there a better way?
Hong Kong may face backlog in virtual asset license applications as demand grows, former SFC regulator says
Angelina Kwan, who helped shape early Hong Kong automated trading services and internet trading regulation, told Forkast the upcoming virtual asset licensing regime is almost identical to that for traditional financial institutions.
Seychelles-based cryptocurrency exchange Bitget said it has invested US$30 million in decentralized multi-chain wallet BitKeep to become its controlling shareholder.
Web3 is growing more rapidly than the early internet, writes Ken Timsit of Cronos Labs. But to achieve mainstream success, the following issues must be addressed.
Self-custody is cumbersome and carries risks of seed phrases getting lost, but how can we ensure if a third-party custodian can be trusted?
Centralized exchanges releasing ‘proof of reserves’ is not enough to win back users, while improving user experience will be key, writes Holger Arians of Banxa.
What to do when one of the world’s most trusted crypto exchanges implodes? For many it’s finding a safer place for their assets, and that is typically hardware wallets.
Visa International Service Association on Oct. 22 filed two trademark applications that hinted at plans of launching a crypto wallet.
An unidentified hacker stole over US$1 million in Binance Coin (BNB) tokens from decentralized multi-chain wallet BitKeep’s token swap service on Monday, according to a Tuesday statement by the company. See related article: Crypto hackers on track for bonanza year as theft surges, Chainalysis says Fast facts “Our development team managed to contain the emergency […]
The European Council on Wednesday approved a proposal for cryptocurrency regulation known as the Markets in Crypto Assets Regulation (MiCA), in the first move towards establishing a licensing mechanism for crypto exchanges and assets in Europe. See related article: Bitcoin, proof-of-work ban removed from European Union’s MiCA Fast facts Lawmakers at the European Parliament are […]
Global digital asset wallet Metamask recently launched a beta version of its new decentralized application (dApp) that would serve as a “one-stop shop” for managing crypto and non-fungible token (NFT) portfolios on different platforms. See related article: As “The Merge” succeeds, rival ETHPoW fork falters Fast facts “Portfolio DApp,” available to extension and mobile users, […]
The Security Service of Ukraine (SSU) seized and blocked a cryptocurrency wallet used to fund the Russian military campaign in the country. The agency is working on tracking the funds and transferring them under Ukrainian jurisdiction, according to the SSU. See related article: Vitalik Buterin says he used Tornado Cash to donate to Ukraine Fast […]
Solana-based wallet Slope said on Thursday there is no “conclusive evidence” to connect its mobile wallet’s loophole with Solana’s recent breach, although 1,400 wallets connected to the loophole were drained. See related article: Seed-phrase leak from crypto wallet Slope prompts Solana hack Fast facts See related article: Solana blames Slope for exploit
The massive Solana wallet hack had occurred after centralized servers stored unencrypted seed phrases sent by Slope Wallet’s mobile app, making them visible to anyone with access to the server, showed a preliminary finding from blockchain audit firm OtterSec. See related article: Solana blames Slope for exploit Fast facts See related article: After Nomad and […]
Approximately 7,767 wallets have been affected in the Solana exploit as of 1 p.m. Hong Kong time. Solana-based wallets Slope and Phantom are on the list, Solana said. See related article: Cardano users said to be indirectly affected by Nomad’s US$200 mln exploit Fast facts See related article: Waves community approves repayment plan for lending […]
As the Celsius bankruptcy shows, moving to decentralized ways to hold crypto is not only sensible, it’s what Satoshi envisioned all along, writes Ruben Merre, CEO and cofounder of NGRAVE.
Celsius and Babel Finance’s freezing of customer accounts highlights the risks of intermediaries, writes Nick Saponaro. Crypto users should take back control.
Global crypto asset management platform Kassio has launched its services in India to help its users extract value from their crypto holdings beyond just trading, the company said in a statement. See related article: CoinDCX offers to let Indians earn yield on crypto holdings Fast facts Kassio offers instant crypto-backed loans and interest earnings up […]
Brave announced on Wednesday it has added support for the Solana blockchain to expand Web 3.0 access for the browser’s 15.5 million daily users. See related article: What decentralization can offer Web 3.0 and social media | Part 1 Fast facts The Brave Wallet can now be used to buy, sell and hold Solana-based cryptocurrencies. […]
European lawmakers have voted to introduce new legislation designed to stop illicit flows amid industry pushback claiming the measures will stifle innovation and infringe on privacy. See related article: EU votes against de facto Bitcoin mining ban Fast facts The proposal requires crypto service providers to collect information on senders and beneficiaries in all crypto […]
The largest U.S. crypto exchange Coinbase announced on Friday support for the Solana ecosystem through its wallet browser extension, allowing users to manage their Solana (SOL) and Solana-based SPL tokens See related article: Solana wallet Phantom brings valuation to $1.2B after $109M Series B Fast facts Solana’s integration with the wallet enables users to access […]
Ethereum software developer ConsenSys announced on Tuesday it has raised US$450 million in Series D funding, bringing its valuation to US$7 billion. See related article: New Cosmos, Mastercard projects to boost Ethereum scalability Fast facts The latest funding round was led by ParaFi Capital, with investors including Temasek, SoftBank Vision Fund 2 and Microsoft. The […]
Phantom announced that it has raised US$109 million in Series B funding led by investment firm Paradigm to raise its valuation to US$1.2 billion, the Solana-based crypto wallet announced on Monday. Fast facts Its app also launched for iOS devices on Monday after its browser extension wallet on Solana gained nearly 2 million monthly users […]
Digital payments are commonplace in Asia, but gifting crypto as lucky money remains niche.
Curious to use Bitcoin but don’t know where to start? Forkast.News explains how.
Cryptocurrency investors on the Chinese mainland continue to feel the chill from the country’s latest crypto ban, as more and more industry players exit the Chinese market. Cobo, a Singapore-based crypto management platform, is among the latest to opt out. Fast facts In order to reflect the regulatory requirements on the mainland, Cobo said Wednesday […]
As governments and citizens embrace digital currencies of all kinds, from Bitcoin to CBDCs, here’s what the world and daily life could look like.
Amid a turbulent time for the world’s largest crypto exchange, Binance has announced a new partnership with Alchemy Pay to bring crypto payment options to e-commerce platforms such as Shopify. Fast facts Running on the exchange’s Binance Pay feature, the partnership will allow users and merchants to send and receive crypto globally in over 40+ […]
China’s largest telecommunications company, China Mobile, has disclosed a patent on a virtual currency management system that can prevent the theft of hot-wallet keys. Fast facts The system achieves theft-prevention by separating the hot-wallet server interacting directly with a public data server via a system wallet server. The patent disclosure shows that China Mobile filed […]
Global payments giant PayPal plans to let its users move the cryptocurrency they hold on its platform into third-party wallets.
Blockchain association leader Perianne Boring explains the controversial rule and how the industry pulled together to force FinCEN to consider public input.