Pavel Durov, founder of Telegram Messenger, believes that governments’ decreasing tolerance toward privacy will force innovations around secure communication hardware devices.
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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Around $1.2 billion worth of crypto in the top five holders’ wallets have been flagged as ‘inaccessible’ due to lost private keys.
8212The update would add an improvement proposal inclusive of new operating instructions for wallets that give them smart contract-like features.
4089The move allows users to earn Ethena USDe yields directly from Binance, Bybit, OKX and Bitget wallets.
2518The wallet drainer scam involves luring users into fake websites, prompting them to link their crypto wallets and eventually draining all funds.
1823A new partnership between a Swiss financial institution and a crypto wallet service aims to welcome new users to the DeFi space by streamlining crypto-to-fiat conversions.
17398As phishing attacks rise, crypto exchanges tell users to keep their funds safe by using YubiKey devices and Passkeys, along with hardware wallets.
1009The team cited insufficient funds, evolving market trends and a recent security breach for its closure.
4174A smart contract wallet is an app acting as a Web3 wallet using a technology called account abstraction in place of externally owned accounts (EOAs).
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.
20152Discover the working pros, cons and step-by-step setup to gain control of your crypto assets via self-custodial wallets.
1875Smart contract wallets promise many benefits to Ethereum users, including enhanced security capabilities and transaction programmability.
4525The 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.
16041The wallet received a $30 million controlling-stake investment by crypto exchange Bitget in March 2023 and rebranded shortly after.
12341Utila, Synnax, Sahara, TON Foundation, UXLINK, and TEN are among the startups securing funding in the first half of March.
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