Crypto Wallets

Cryptocurrency wallets are useful tools that allow crypto enthusiasts quick access to their crypto assets. It's worth mentioning that this is one way the global use of cryptocurrencies can become a reality in our daily lives. However, some multicurrency wallets have moved a step further, not only as a payment tool but also to serve other unique functions in the digital financial world. Blockchain solutions have enabled crypto enthusiasts to use their cryptocurrency wallets as a haven to grow their…

Cryptocurrencies and digital assets are causing a stir in the current financial market, among other areas. They provide a platform that opens up more business opportunities for investors globally. However, as more players enter the game, some worries accompany this asset. High risks come with trading in digital assets, with thefts through hacking on the rise. Furthermore, losing and forgetting private keys is also a significant issue when storing them. It is common in traditional finance platforms to find currency…

In 2022 hackers raked in more than $4BN in cryptocurrency through multiple scamming techniques. Millions of others are lost every year from hacking attacks. Cryptocurrency is often seen as the most secure mode of payment. However, data breaches and malware attacks were recently observed in Bitcoin and Ethereum blockchains and were noted to be caused by insecure systems. Although system loopholes are sometimes to be blamed, crypto wallet users share a significant part of the blame, especially when using rooted devices.…

Cryptocurrencies have become increasingly lucrative, especially as investments. Individuals and companies turn to crypto and blockchain for various reasons, but taking care of digital coins and tokens is becoming increasingly difficult.  Mobile wallets have increased in demand recently, especially for people hoping to trade on the go. These wallets allow cryptocurrency owners to check in on their coins and tokens from time to time and trade from anywhere.  Some of the best crypto wallets for both Android and iOS devices…

Cryptocurrency exists as a natively digital entity that needs to be protected. We have crypto wallets and software programs to store your crypto assets' keys. Unfortunately, these software programs being dubbed "wallets," confuse new users. Crypto wallets don't store cryptocurrency the same way pocket wallets store currency. They only store your private and public keys that help with transactions. These keys are unique letters and numbers that allow you to send and receive cryptocurrency.  Whereas public keys are open to…

In Japan, a cryptocurrency company Freessets has announced a new technology for the enhancement of Bitcoin wallet privacy. The top enterprise cryptocurrency wallet provider came up with the new technology using a protocol in cryptography known as Private Information Retrieval (PIR). The technology was implemented using a customized version of Microsoft SealPIR which is among the PIR implementations. Microsoft SealPIR uses Microsoft SEAL, which is an entirely homomorphic encryption library. Based on the announcement on June 8, it is now possible for…

How is trading cryptocurrencies different from other assets like fiat currency, stocks, or bonds? There are quite a few distinctions, but the main difference is that cryptocurrencies have their trading exchanges, either centralized or decentralized. In recent years, cryptocurrencies have grown in popularity and adoption. They offer cheap, borderless ways of sending and receiving money and new investment opportunities. Additionally, many people migrate to cryptocurrencies as stores of value to protect their wealth from individual and collective government inflation. This…

Bitcoin addresses with 1 BTC or more are getting closer to the 800K mark, an ATH, according to a recent report. Data released by crypto statistic resource Glassnode on March 28, reveals that the total number of Bitcoin wallets containing at least 1 BTC currently stands at 797,420. Within a 24 hour period, the totals have increased by 101 wallets. It is also important to note that some individuals may have access to more than 1 Bitcoin wallets. This implies…

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…