Crypto Wallet

Crypto wallets are like bank accounts; they help you monitor your balance and make transactions. Therefore, choosing the right wallet has far-reaching implications because your digital assets are concerned. The most pragmatic and practical reasons when choosing a wallet surround their usability and security. Keeping your funds secure and the ease of use of a crypto wallet are crucial factors to consider. Additionally, every crypto enthusiast must realize that these wallets don't actually "store" the crypto. They only act as…

May 7 is the World Password Day. Interestingly, the cryptocurrency space has introduced an enhanced means of getting around insecure passwords and phishing attacks. That is, with this new solution, there is no need to utilize a password which criminals exploit to carry out cyber attacks. This solution is the lnurl-auth protocol which permits signing into a variety of accounts by receiving a QR code with a special message. Users will be able to utilize a public key attached to their wallets…

While the potential of blockchain and cryptocurrency is only starting to gain interest in the general population, developers and innovators have been busy. They are continuously creating the infrastructure and applications needed to usher in the future of the internet, transactions, communication, and more. Opera's Crypto Wallet is one of such futuristic inventions that Opera launched in 2018 as an Ethereum-based built-in native cryptocurrency wallet for PC, Android, and iOS users. It lets you make secure online payments with cryptocurrency directly…

Over the years, we've experienced a surge in interest and growth in the use of cryptocurrency. The meteoric rise of digital currency has attracted many people's attention and potential investors. Unfortunately, this surge has also seen an increase in opportunistic crypto scammers and fraud cases. Cryptocurrency owners are more susceptible to hacking scams because online wallets store digital coins. Scammers have also realized clever ways to infiltrate software storage devices like desktops and mobile phones. The increase in fraud cases is…

If you are familiar with cryptocurrency hardware wallets, you have probably encountered the KeepKey hardware wallet. KeepKey, alongside TREZOR and Ledger, makes up the top 3 hardware wallets used to store private keys from the usual wallets or exchanges, thus preventing a remote attack intended to gain access to your digital coins.  KeepKey Overview KeepKey's wallet, developed by the KeepKey company, was launched in 2015. KeepKey has its headquarters in the US and was acquired by Shapeshift in August 2017.…

IOTA founder Sønstebø intends to refund victims of the major February 14 IOTA hack with his own tokens.  The exchange plans to re-enable its network in the coming days to revive IOTA prices. Time will tell whether the Foundation will be able to make strides towards improving the security of its network and wallets. Towards the end of last week, IOTA co-founder and board co-chairman David Sønstebø revealed on twitter that anybody who lost funds in the recent IOTA [wallet]…

Ledger Live is a malicious Chrome extension that was discovered on the 5th of March 2020 by MyCrypto's Director of Security, Harry Denley. Users who download the extension can potentially have their Ledger wallets' recovery seeds stolen by it. In an official Tweet, Ledger Support issued a warning regarding this fake Chrome extension on the same day of its discovery. Ledger Live App The similarly named original Ledger Live app is a legitimate mobile and desktop app available to Ledger…

The crypto space introduces different technologies, all aimed at accelerating crypto adoption and reliability. Among the technologies include wallets, exchange platforms, trading bots, etc., all with a vast input in the crypto space.  However, the crypto world's growth and current success cannot only be attributed to the platforms' readiness to advance their technologies. Many non-crypto firms in different fields have increased the development and adoption of cryptocurrencies globally.  For instance, electronic giants' investments in crypto have been a significant boost…

Investing in cryptocurrencies may be easy, but taking care of your digital assets is difficult. Cryptocurrency wallets are an essential factor in owning and investing in cryptocurrencies of any sort. Most digital currencies have their official wallet, but third-party wallets gain momentum by allowing you to manage multiple coins simultaneously. However, such wallets will only support a limited number of cryptocurrencies. This article reviews Coinomi, which we believe is one of the most trustworthy and experienced companions in our Crypto…