Crypto Wallet Maker Ledger to Expand Support for Stablecoins, Including Tether

Crypto Wallet Maker Ledger to Expand Support for Stablecoins, Including Tether Ledger, the hardware cryptocurrency wallet maker, plans to add support soon for more stablecoins, including expanding tether (USDT)’s usability across all its products and services, executives said. Currently, the company supports tether for its two handheld storage products, the Ledger Nano and Ledger Blue, but it…

New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service

New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service New Zealand’s state-backed innovation institute Callaghan Innovation awarded a $330,000 grant to a local crypto wallet and trading service, according to a press release published Tuesday, Oct. 30. Callaghan Innovation issued an “R&D Project Grant” to local crypto wallet and trading platform Vimba, a rebranded version of former MyCryptoSaver.…

BitGo Closes New Series B Funding, Advances Cryptocurrency Services for Institutional Investors

BitGo Closes New Series B Funding, Advances Cryptocurrency Services for Institutional Investors BitGo, which provides institutional-grade custodial accounts and multi-signature wallets, has recently closed a $57.5 million USD Series B fundraising round that included investors like Goldman Sachs and Mike Novogratz. Goldman Sachs and Novogratz’s Galaxy Digital Ventures combined investments reached around $15 million USD and the…

Wallet Provider Blockchain Hires Bank Exec for Global Regulatory Push

Wallet Provider Blockchain Hires Bank Exec for Global Regulatory Push Crypto wallet provider Blockchain has hired a former bank executive to augment its legal team. Ben Melnicki, formerly Noble Bank’s chief compliance officer, has taken on the position of global regulatory counsel at the Luxembourg-based firm, Blockchain announced Thursday. In his new role, Melnicki will…

Opera Wallet Users Can Now Send CryptoKitties and Other Collectibles

Opera Wallet Users Can Now Send CryptoKitties and Other Collectibles Opera now allows users to send crypto collectibles, such as CryptoKitties, directly from its recently announced in-browser crypto wallet. Claiming the feature is a first for the industry  – although other wallets do offer collectibles support, including MetaMask – the company said in a blog post today: “We believe that…

‘Unhackable’ Crypto Wallet Reportedly Breached, Hackers Claim to Meet Bounty Conditions

‘Unhackable’ Crypto Wallet Reportedly Breached, Hackers Claim to Meet Bounty Conditions A group of researchers claims to have have hacked the Bitfi wallet, the Next Web reported August 12. Bitfi’s executive chairman, cybersecurity pioneer John McAfee, has called it “the world’s first unhackable device.” To prove his claim, McAfee challenged security experts to breach the device for a $100,000…

Former Pershing Exec Jeff Horowitz Joins Coinbase as Chief Compliance Officer

Former Pershing Exec Jeff Horowitz Joins Coinbase as Chief Compliance Officer Major U.S. cryptocurrency wallet and exchange Coinbase announced in a July 31 blog post that ex-Pershing exec Jeff Horowitz will join the company as its Chief Compliance Officer. Horowitz previously worked as the managing director and global head of compliance at Pershing LLC — a BNY Mellon Company —…

Crypto Wallet to Replace Private Keys With Encrypted QR Codes

Crypto Wallet to Replace Private Keys With Encrypted QR Codes Decentralized cryptocurrency wallet SafeWallet is launching a new QR code-based user identification system to replace mnemonic phrases and private keys, the firm announced Friday. The app, operated by China-based Cheetah Mobile, will use a two-tier security system to grant users access to their holdings, according to a…

Ethereum Wallet ImToken Has $35B in Deposits, More Than 99% of US Banks

Ethereum Wallet ImToken Has $35B in Deposits, More Than 99% of US Banks China-based ImToken, one of the first cryptocurrency and Ethereum wallets to be listed on the Apple App Store, has processed more than $35 billion in deposits over the past few years, surpassing Coinbase. Similar to Blockchain, MyEtherWallet, and MyCrypto, ImToken is a…

Expected Proliferation of Blockchain Technology despite a decline in Cryptocurrency prices

Expected Proliferation of Blockchain Technology despite a decline in Cryptocurrency prices   Last year’s rise in Bitcoin prices and millions of funds raised through ICOs by numerous projects cut through most headlines. However, in the first quarter of 2018, crypto prices have declined significantly, but blockchain, the technology behind the scene is flourishing by the day.  …