Crypto Wallets

The Balancing Act of Crypto Custody

Tuesday. October 1 at 9:30 AM

1 min. read

Jameson Lopp, a cypherpunk and co-founder of Casa, emphasized the challenge faced by crypto hodlers in choosing between safety and convenience. Lopp highlighted the importance of user-friendliness in digital asset self-custody solutions, such as Casa's adoption of Yubikey support for storing Bitcoin private keys. Despite debates on the convenience of passkeys versus Yubikey devices, the latter remains a trusted security standard. As Bitcoin custody diversifies with the rise of financialization, Lopp cautioned against blindly trusting institutions like Fidelity or Coinbase. Casa's commitment to self-custody aligns with the core principles of Bitcoin, emphasizing individual control over assets. Lopp's insights shed light on the evolving landscape of crypto custody and the importance of balancing security with ease of use in the digital asset space.

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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

Beware of Phishing Scams Targeting Ledger Users

Wednesday. December 18 at 4:00 PM

The popular hardware cryptocurrency wallet Ledger is facing a new wave of phishing scams. Scammers are sending fake emails pretending to be from Ledger, asking users to verify their recovery phrases due to a supposed data breach. These emails direct users to a convincing website that mimics Ledger's platform, tricking them into entering their recovery phrases. The scammers then gain control over victims' wallets, allowing them to steal cryptocurrency. Ledger has warned users to never share their recovery phrases and emphasized the importance of security. Phishing attempts have been a recurring issue for Ledger users, with scammers exploiting the brand's popularity. As the holiday season approaches, security analysts predict an increase in phishing scams targeting crypto investors. It is crucial for users to take precautions to protect their digital assets.

Crypto Wallets

LastPass-Linked Crypto Theft Exceeds $250 Million

Wednesday. December 18 at 3:00 AM

Blockchain investigator ZachXBT has disclosed that the 'LastPass threat actor' has stolen over $5.36 million in cryptocurrencies from 40+ victims. This theft is linked to a December 2022 security breach where attackers accessed encrypted vault data. Despite LastPass's encryption protocols, hackers targeted users who stored private keys in their vaults, resulting in losses exceeding $250 million. Security experts advise users to move their assets from centralized storage and be cautious with password managers. Oluwapelumi and Liam Wright from CryptoSlate emphasize the transformative power of decentralized technology. Readers are urged to stay informed on crypto news and conduct their own research before investing or trading. CryptoSlate does not endorse any mentioned projects and is not liable for any financial losses.

Crypto Wallets