Crypto Wallets

SEC Charges Galois Capital for Failing to Protect Customer Deposits During FTX Collapse

Wednesday. September 4 at 3:30 AM

1 min. read

The SEC has charged Galois Capital Management for not safeguarding customer deposits during the FTX collapse. Elon Musk introduced Colossus, an AI training system, linked to a $235 million wallet. WazirX hack moved over $6 million in Ether to Tornado Cash. Galois failed to properly custody investors' assets, holding funds with FTX during its collapse. Despite regulatory challenges, there are 12 qualified digital asset custodians in the US. Musk's Colossus is now the most powerful AI training system, surpassing others in GPU power. A wallet connected to the WazirX hack laundered $6.5 million through Tornado Cash. The hacker transferred 2,600 ETH to Tornado Cash to conceal stolen funds. WazirX allowed users to withdraw 66% of their INR token balances ahead of schedule.

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Trust Wallet: A Secure and User-Friendly Crypto Wallet

Sunday. December 22 at 5:00 AM

Trust Wallet, founded in 2017 by Viktor Radchenko, is an open-source mobile wallet known for its security and support for various cryptocurrencies and dApps. Acquired by Binance in 2018, it offers a non-custodial solution for storing digital assets and accessing DeFi platforms. Trust Wallet's community-driven approach and regular updates ensure user trust and transparency. With features like multi-signature support and integration with hardware wallets, it prioritizes user security. The wallet's focus on enhancing user experience and expanding blockchain support reflects its commitment to meeting evolving community demands. Trust Wallet's goal is to become a comprehensive cryptocurrency wallet by December 2024, providing a secure and flexible solution for users navigating the dynamic crypto landscape.

Crypto Wallets

Understanding Cryptocurrency Wallets

Saturday. December 21 at 10:00 PM

A cryptocurrency wallet is a digital tool that enables users to store, manage, and interact with their digital assets. Unlike traditional wallets that hold physical currency, crypto wallets store public and private keys essential for controlling blockchain assets. These keys authorize transactions and secure digital funds. Every cryptocurrency wallet consists of two main keys: the public key, similar to an email address for receiving funds, and the private key, comparable to a password for authorizing transactions. Various types of wallets exist, such as hardware, software, web, paper, and brain wallets, each offering different levels of security and accessibility. Users must prioritize security by backing up their wallets, using strong passwords, enabling two-factor authentication, keeping software updated, and being cautious of phishing attempts. When selecting a crypto wallet, users should consider factors like purpose, cost, currency compatibility, ease of use, and additional features to enhance their crypto experience and safeguard their investments.

Crypto Wallets

MetaMask Integrates with EOS Network for Enhanced Functionality

Friday. December 20 at 1:00 PM

MetaMask, a leading cryptocurrency wallet, has now integrated with the EOS Network, offering users seamless access to the EOS web3 ecosystem. Through the launch of the EOS Wallet Snap, MetaMask users can enjoy improved functionality and security features, simplifying their engagement with the EOS blockchain. This integration allows MetaMask users to easily install the EOS Wallet and create an EOS account within MetaMask using the Unicove dapp. Additionally, users can stake EOS coins, interact with EOS-based DApps, and participate in the RAM market directly from their MetaMask wallet, bridging the gap between Ethereum and EOS. The collaboration, spearheaded by the Greymass team, aims to enhance the usability of EOS in the DeFi space and empower Web3 developers with tools like Wharf. While the integration has not impacted the price of EOS significantly, it is expected to drive adoption and potentially lead to a bullish recovery as more users engage with the ecosystem.

Crypto Wallets

Simplifying Crypto Management with NOW Wallet

Thursday. December 19 at 5:00 PM

NOW Wallet, part of the ChangeNOW ecosystem, is a leading non-custodial wallet introduced in 2021. It offers a user-friendly interface, full control over private keys, and support for over 70 blockchains and 1,500 tokens. The wallet integrates with ChangeNOW for seamless exchanges and supports fiat transactions through various payment methods. Users can stake PoS cryptocurrencies, access DeFi opportunities, and manage NFTs. Cross-platform compatibility and advanced features like customizable nonce settings enhance the user experience. NOW Wallet also provides a premium membership with additional benefits. Businesses can utilize custom crypto payment gateways through the 'For Partners' tab. Overall, NOW Wallet simplifies crypto management, prioritizes security, and drives user adoption in the DeFi space.

Crypto Wallets