Crypto Wallets

Enhancing Self-Custodial Wallet Security with Tangem's Backup Technology

Thursday. January 30 at 7:00 PM

1 min. read

Tangem, a self-custodial cryptocurrency wallet, has been granted a US patent for its private key backup technology. The patent, issued by the US Patent and Trademark Office on Jan. 28, focuses on secure private key transfers between Tangem's wallet hardware and devices like smartphones. This technology aims to improve the security and usability of self-custodial wallets by enabling secure private key exchanges. By allowing users to store crypto assets independently, self-custody eliminates the need for third-party involvement. Tangem's patented tech features seedless backup processes, end-to-end encryption, and tamper-proof authentication. The technology utilizes cryptographic techniques like Elliptic Curve Diffie-Hellman for private key exchange. Despite past skepticism in the community, Tangem's backup tech offers a simplified self-custody process. The company's approach of transmitting private keys as secret data between trusted devices via an untrusted intermediary device ensures enhanced security for users.

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Innovative Best Wallet Raises $8.7M in Presale

Saturday. February 1 at 7:00 AM

Best Wallet ($BEST) has successfully raised $8.7 million in its presale, demonstrating strong investor confidence in its future potential. The funding highlights the increasing demand for a secure and user-friendly Web3 wallet. With features like multi-chain support and low transaction costs, Best Wallet has attracted 250,000 monthly active users and a total user base of 500,000. Early investors can purchase $BEST at $0.0238 before the next price increase. The wallet distinguishes itself by offering advanced features such as direct multi-chain support and cost-effective asset transfers. Additionally, it provides a rewarding staking program with a 200% APY. Best Wallet's roadmap includes integrating new blockchains, enhancing security, and expanding staking options, positioning it as a promising project in the Web3 space. The platform's user-friendly interface, support for multiple blockchains, and upcoming mobile app make it a convenient choice for crypto enthusiasts.

Crypto Wallets

Kraken Resumes Staking Services for US Clients After SEC Settlement

Friday. January 31 at 11:00 AM

Kraken, a crypto exchange, has restarted staking services for US customers after nearly two years. Staking was halted in 2023 due to a multimillion-dollar settlement with the SEC. Customers in 37 states can now stake 17 digital assets, including Ether, Solana, and Cardano. Kraken was one of the first exchanges to offer staking in 2019 but ceased in 2023 as part of the settlement. The return of staking signals a better regulatory environment under new SEC leadership. The SEC had accused Kraken of violating securities laws by not registering its staking service and providing inadequate risk disclosure. Despite settling, the SEC later sued Kraken for operating as an unregistered securities broker. Judge Orrick dismissed Kraken's defense against SEC regulation but allowed for it to be raised later in the lawsuit. The legal battle between Kraken and the SEC continues.

Crypto Wallets

Cardano's Lace Wallet Update and Future Developments

Friday. January 31 at 10:00 AM

Cardano founder Charles Hoskinson provided a detailed update on the Lace wallet during a livestream on January 29. The latest version, 1.19, showcases faster release cycles and upcoming features like Firefox and Bitcoin integration. Hoskinson praised the team's operational changes for the accelerated product releases. The new Lace version introduces a dapp Explorer to enhance user interaction with Cardano-based decentralized applications. Other improvements include PGP-encrypted paper wallets for enhanced security and Nami mode for familiar wallet features. The update also includes multisig capabilities and support for multi-stake pool delegation, expanding Cardano's DeFi tools. A mobile app is in development to complement the desktop version seamlessly. Hoskinson highlighted upcoming governance features like the Plomin hard fork and innovations such as advanced oracles and stablecoin frameworks. He expressed optimism for Cardano's future growth and consumer-friendly ecosystem. ADA was trading at $0.9155 at the time of the update.

Crypto Wallets