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Digital assets wealth platform Nexo has won ‘The Best Cryptocurrency Wallet award’ for the third time at the 9th Annual FinTech Breakthrough Awards, as per the latest reports shared with Finbold on Wednesday, March 19. The award helps Nexo solidify itself as a leading digital asset management solution. Nexo’s digital assets platform In addition to serving as a crypto wallet, Nexo Wallet also serves as a fully fledged digital assets platform for cryptocurrency storage, trading, and wealth management.  Picks for you Gold or Bitcoin? The precious metal puts BTC 'to shame' with divergence 2 hours ago The Mythos Foundation brings MYTH staking on Mythos Chain 4 hours ago ...

Ethereum Name Service (ENS) and the internet’s largest domain registry, GoDaddy, have partnered to link internet domain s with ENS addresses at no cost. This collaboration helps merge blockchain technology with conventional internet infrastructure, which could reignite web3 adoption among mainstream players. We're thrilled to announce our partnership with @GoDaddy Millions of customers can now use their DNS domain s in the ENS ecosystem! Let's dive into what this means pic.twitter.com/PyrZi4e5cV — ens.eth (@ensdomains) February 5, 2024 You might also like: Standard Chartered foresees Ethereum ETF approval by May 23 Nick Johnson, the founder of ENS, highlighted the simplicity and potential of this integration by stating, “Beyonce owns Beyonce.xyz, and now she can set up a wallet just by going into the GoDaddy page and entering your address. Now Beyonce.xyz is her wallet identifier for all intents and purposes.” The initiative aims to ext...

Vault will make self-custody of crypto easier for the average user, Uphold said in a press release. The wallet combines on-chain security of complete self-custody with the convenience of CeFi applications. The wallet has a key replacement feature that allows users to recover access if they lose private keys. Uphold has announced the beta launch of a self-custody wallet dubbed Vault, with the first cryptocurrency supported being Ripple’s XRP. Uphold launches self-custody wallet In an announcement on Thursday, the crypto platform said Vault will be an “assisted self -custody wallet .” Other than simplifying the secure storage of digital assets, will offer users the convenience of centralised financial (CeFi) and on-chain security of complete self -custody . “ We want to radically redefine self -custody for the average user ,” Uphold CEO Simon McLoughlin said in a statement. “Until now, no one has offered self -custody t...

In web3, choosing an appropriate Wallet-as-a-Service (WaaS) provider is critical for any forward-thinking brand. Magic Labs, a wallet-as-a-service (WaaS) provider, recently released a guide to help users choose the ideal solution.  This article distills the key takeaways in Magic Labs’ manual, illuminating the crucial aspects individuals/businesses should consider when choosing a wallet -as -a-service provider.  Understanding wallet-as-a-service The report starts by explaining WaaS and why it is an essential component of web3. To elaborate, it offers a solution for managing digital assets and facilitating secure transactions within blockchain ecosystems.  You might also like: Binance average daily volume is down by 60% amid DOJ’s $4b fine Unlike traditional digital wallets, WaaS extends beyond the mere storage of digital currencies and tokens. Instead, it integrates user experience, security, and functionality into a cohesive service tailor...

The exchange follows the likes of Binance, KuCoin and OKX in running self-custody wallets parallel to CeFi operations. Cross-chain wallet BitKeep has change d its name to Bitget Wallet after the crypto ex change purchased a controlling stake for $30 million in March. According to the Aug. 10 announcement, the name change is coupled with the launch of Bitget Swap, a cross-chain swap mechanism within the wallet that developers say sources liquidity from approximately 100 decentralized ex change s across 20 chains.  With the integration, Bitget Wallet users will share, along with exchange users, a $360 million Bitget User Protection Fund composed of 6,500 Bitcoin (BTC), 120 million Tether (USDT) and 40 million USD Coin (USDC) to safeguard against security incidents. The exchange created the $300 million fund following the collapse of crypto exchange FTX last November. Since then, the firm said a recovery in Bitcoin prices has led to a $60 million capital appreciation. Last December, ...

Research group Fireblocks has disclosed several vulnerabilities that could affect wallet s using multi-party computation (MPC) technology providers. The company explained that the BitForge vulnerabilities had affected some of the most important wallet providers, like Coinbase, Zengo, and Binance. 1/ The Fireblocks research team has uncovered BitForge, a set of vulnerabilities in some of the most widely adopted MPC protocols, that allow an attacker to retrieve a private key from a single device. Read on → https://t.co/xo2r9zgCvj pic.twitter.com/7q1nEeVBwO — Fireblocks (@FireblocksHQ) August 9, 2023 Fireblocks’s researchers added that the vulnerabilities could allow hackers and malicious insiders to take funds from the wallets of millions of retail and institutional users. “It is evident from our findings that not all MPC developers and teams are created equal. Companies leveraging web3 technology should work closely with security experts with the know-how an...

Cryptocurrency exchange Binance continues upgrading its wallet infrastructure, which requires affected users to get new wallet addresses. Binance cryptocurrency exchange is preparing for another upgrade of its wallet infrastructure, warning users about the upcoming address migration. On July 6, Binance officially announced that it will be retiring selected deposit address es in batches as part of a network address migration scheduled for Q3 2023. Binance’s latest wallet upgrade will affect a total of 40 cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), XRP (XRP), Solana (SOL), Monero (XMR), Litecoin (LTC), Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT) and others. In addition to wallet addresses, Binance will be also deactivating memos. Also known as a destination tag, a wallet memo is an additional address feature necessary to identify a transaction recipient beyond a wallet address. As most centralized exchanges like Binance use one wallet address for all traders, t...

The scammers will use wallet addresses generated from vanity address generators and match the first and last characters of their victim’s wallet address. A new crypto wallet address scam that tries to take advantage of user carelessness has been on the rise, according to the MetaMask team.  In an announcement, digital Wallet provider MetaMask warned users of what is called an “ address poisoning scam,” where attackers “poison” transaction histories by sending users tokens that are worth $0 to their wallets. The scammers will use Wallet address es generated from vanity address generators and match the first and last characters of their victim’s Wallet address . This is done in hopes of getting unsuspecting users to send their funds to the wrong copycat address . A new scam called 'Address Poisoning' is on the rise. Here's how it works: after you send a normal transaction, the scammer sends a $0 token txn, 'poisoning' the txn history. (1/3) — MetaMask Support (...