After unknowingly buying a compromised cold wallet on Douyin, the Chinese counterpart of TikTok, a crypto investor lost a staggering amount of about $6.9 million, with SlowMist, a blockchain security company, providing the statement. It also highlights the growing concern regarding counterfeit hardware wallets being pushed through online unauthorized platforms.
As crypto users face growing concerns over the security of their assets, the question of who truly controls them has never been more critical. Exchange hacks are a constant reminder that convenience often comes at a cost. Users are exploring self-custody as an alternative mode to secure their assets. But
On March 18, Binance Wallet recorded a single-day volume of $90.556 million. It accounted for 54.1% of the total volume in the crypto wallet sector that day. The sharp rise in market share coincided with OKX’s March 17 decision to suspend its DEX aggregator service. According to data from Dune.com,
Phantom crypto wallet raised $150 million in a Series C funding round led by venture capital firms Sequoia and Paradigm. The firm was valued at $3 billion and other firms such as a16z and Variant have also participated in the funding. We're thrilled to share we've raised a $150M Series
Leading altcoin, Ethereum experienced the spotlight with the launch of its spot ETH ETFs in July. The token was expected to rally with price breakouts, but contrary to market expectations, ETH did not show notable surges. In the last 24 hours, a smart money wallet, known for its 100% win
The cryptocurrency market has grown rapidly over the past decade, with its total capitalization even topping the $3 trillion mark a little over a year ago — even though it currently stands at just over $1.2 trillion. As a result, digital asset enthusiasts are becoming increasingly aware of the importance
Israeli Defense Minister Benny Gantz stated on December 18, 2022, that the Tel Aviv Magistrate’s Court issued a decision to approve the government’s seizure of all cryptocurrency from digital wallets supporting terrorist activities. On December 15, 2022, more than 150 digital Wallets were seized following the warrant issued by the
Ambire Wallet users can save money on transaction fees with the new feature. Users won’t be charged for the additional network costs. The first open-source, secure, non-custodial smart wallet Ambire launched a new feature the Ambire Gas Tank with a focus on accessibility, which will help users to reduce transaction
As Bitcoin is slashed down reflecting a drastic price fall, investors are utilizing the chance to purchase BTC. So, even with their small amount of savings, users are eager to buy even less amounts of Bitcoin. Even though BTC holders are facing a huge loss in the market, the number
Cryptocurrencies are gradually becoming mainstream assets in today’s financial market ecosystem. However, the opportunity to make money in this burgeoning niche carries a similar amount of risk. Decentralized Finance (DeFi), in particular, has been notorious for security exploits in the past; according to a report by Cipher Trace, DeFi accounted
