A U.S. judge has determined Coinbase’s self-custody crypto wallet doesn’t make it a broker, which lawyers say is a “significant setback” for the SEC and a boon for DeFi.
Wallet News
In the digital world, a wallet, or e-wallet, is where people store cryptocurrencies. A Bitcoin wallet stores a holder’s Bitcoin (BTC), which is sent to that crypto wallet by the user or another party.
There are many different types of cryptocurrency wallets, each catering to different user needs and preferences. Software wallets, including desktop, mobile and web wallets, offer convenience as they are accessible across devices. They are user-friendly but vulnerable to malware and hacking attacks. Hardware wallets, on the other hand, are physical devices that store cryptocurrency offline, providing enhanced security by keeping assets isolated from internet threats. While hardware wallets offer robust protection, they can be expensive and are susceptible to physical damage or loss.
Paper wallets involve printing private keys and addresses on paper, keeping them offline. They offer heightened security, but if the paper is lost or damaged, access to funds is irretrievable. Additionally, online wallets, often provided by exchanges, offer ease of use but pose higher security risks due to their susceptibility to cyberattacks.
Securing wallets involves encryption, two-factor authentication and backup mechanisms. Users must weigh the advantages of accessibility against the disadvantages of potential vulnerabilities, choosing a wallet type that aligns with their security requirements and usage preferences.
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Discover the working pros, cons and step-by-step setup to gain control of your crypto assets via self-custodial wallets.
1174Smart contract wallets promise many benefits to Ethereum users, including enhanced security capabilities and transaction programmability.
4250The official X account for Trezor began asking users to send crypto to an unknown wallet address and posted nefarious links to a fraudulent token presale.
15766The wallet received a $30 million controlling-stake investment by crypto exchange Bitget in March 2023 and rebranded shortly after.
11678Utila, Synnax, Sahara, TON Foundation, UXLINK, and TEN are among the startups securing funding in the first half of March.
18130Approximately $700 in satoshis were sent to El Salvador’s new “Bitcoin piggy bank” across dozens of donations.
24700Wallet APIs enable users to quickly locate ERC-20 tokens by wallet address. Chainbase, Alchemy and Moralis provide APIs to get token-related information.
1177Coinbase Wallet integrated Blockaid’s transaction simulation and validation five months ago to better protect users from bad actors.
14915Discover how to enhance cryptocurrency security by migrating digital assets from an exchange like Coinbase to a Ledger Nano X hardware wallet.
2515On-chain Bitcoin whales have had a slow return despite Bitcoin surpassing its previous all-time high.
6107Developed by an established crypto trading platform, this fiat on-ramp aims to seamlessly bridge traditional finance with the DeFi world, serving as a simple and cost-effective gateway to Web3.
22939A new project aims to address the scalability issues of crypto debit cards to increase crypto adoption.
21933Find out how to set up CEX, DEX and hardware Ethereum wallets that are essential for efficiently traversing the cryptocurrency ecosystem.
987From choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tips so you can keep crypto from falling into the wrong hands.
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