Ethereum News by Thebittimes.Com

Blockdaemon will integrate the cross-chain messaging capabilities of LayerZero into its self-custodial wallet. The partnership further enhances LayerZero’s security, Ryan Zarick, CTO of LayerZero Labs said. Blockchain infrastructure firm Blockdaemon is partnering with LayerZero Labs, the developer behind omnichain interoperability protocol LayerZero, to add cross-chain capabilities to its self -custodial wallet . Blockdaemon to also operate a DVN on LayerZero According to an announcement, the partnership with LayerZero Labs also sees Blockdaemon become the blockchain messaging protocol’s infrastructure provider. Blockdaemon will also operate a Decentralized Verifier Network (DVN) on LayerZero. Other entities that will run DVNs include Animoca Brands, Google Cloud and Gitcoin. 5/ At launch, DVNs will be run by a wide variety of entities:@MIM_Spell @animocabrands @BlockdaemonHQ @delegatedotxyz @gitcoin @GoogleCloudTech @NethermindEth @P2Pvali...

Coinbase CEO Brian Armstrong’s crypto exchange is moving to simplify digital asset transactions and expand availability to several regions with three new Features for Coinbase Wallet users . Coinbase Wallet now offers the option to transfer crypto currencies with a link sent via popular messaging platforms like WhatsApp, Telegram, iMessage, Snapchat, TikTok, and email, among others, as part of its strategy to propel mass adoption and easy payments. When your recipient clicks the shared link, it’ll take them into the Coinbase Wallet app to claim or direct them to download the Coinbase Wallet app on iOS or Android and create a new wallet in just 1 click. Coinbase announcement The funds can be claimed within 12 days, after which Coinbase automatically refunds the sender. According to America’s largest domestic crypto exchange, there are no fees, and settlement is instant. Send money anywhere you can send a link. Easily. Instantly. For free. ⤷ https://t.co/CKyLu1wYEw pic.twi...

A Coinbase executive says a dormant Ethereum wallet holding over $470 million worth of ETH belongs to the LHV Bank founder. A digital wallet holding 250,000 ETH, which has been in dormancy since Ethereum’s ICO back in 2014, allegedly belongs to Rain Lõhmus, the co-founder of Estonia-based LHV Bank. One mystery solved: This address (which now holds $450M of crypto) belongs to Rain Lohmus, founder of LHV Bank Unfortunately he lost his keys and can't access these 100s of millions. If you can help him recover them somehow, he's willing to split them with you https://t.co/wYLAU9gKzb pic.twitter.com/0A1nIjFSyn — Conor (@jconorgrogan) November 6, 2023 In an X post on Nov. 6, Coinbase director Conor Grogan linked the 0x2B6…0Ffb9 address to the Estonian entrepreneur, citing an article by ERR News where Lõhmus revealed that he had lost the password to his wallet holding 250,000 ETH (over $473 million, as of press time). In the interview, Lõhmus said he’s...

With Transak's integration, CoinDCX’s Okto wallet has increased the number of previously supported 60 countries to more than 155 jurisdictions. Major Indian cryptocurrency exchange CoinDCX is expanding its self-custody wallet Okto by integrating major on-ramp platform Transak. Okto wallet, a multichain cryptocurrency wallet launched by CoinDCX in August 2022, has integrated the Transak platform to scale the wallet’s global support, the firm announced to Cointelegraph on Oct. 5. The integration is immediately available on Okto, the company said. With Transak's incorporation, the Okto wallet has increased the number of previously support ed 60 countries to more than 155 jurisdictions, CoinDCX and Okto co-founder Neeraj Khandelwal said. By integrating Transak, Okto now specifically allows users to buy cryptocurrencies like Bitcoin (BTC) directly on Okto, using a large number of fiat currencies, including the U.S. dollar, the euro, the Hong Kong dollar and others. Transak is the...

Opera’s new in-browser, non-custodial wallet runs on the Celo blockchain and targets the platform’s user base in Africa for P2P stablecoin transactions. The web platform Opera revealed its plans to launch a non-custodial stablecoin wallet integrated into its mobile web browser which will be made available to its user base in Africa.  On Sept. 13, the web services provider introduced the MiniPay wallet integration, built on the Celo blockchain, that allows users in Africa to send or receive stablecoin s by using their already existing mobile numbers. Exciting news live from @dappcon_berlin's mainstage! cc: @RegenRene @jorgenarnesen @afishinparis Charles Hamel & Rosette Belesi. It's finally here! We've partnered with global web innovator @Opera to launch @MiniPay––a first-of-its-kind stablecoin wallet built on Celo to onboard… pic.twitter.com/sEUp0yCKQe — Celo (@CeloOrg) September 13, 2023 Opera began its operations in Africa 17 years prior and now has ove...

Spasova emphasized that the primary motivation behind running Collectible Avatars on-chain is to empower users with freedom of use. Mirela Spasova, a Reddit senior engineer on the Collectible Avatars project, took to the master stage at the Ethereum Community Conference (EthCC) event in Paris to shed light on Reddit’s strategy for onboarding millions of users to its blockchain-backed digital collectibles. In her presentation, Spasova said that the primary motivation behind running Collectible Avatars on-chain is to empower users with freedom of use. By adopting an on-chain approach, users can make their own choices, including an option to resell the avatars on popular nonfungible token (NFT) marketplaces like OpenSea. After purchasing avatars from creators on Reddit, users can further engage with the NFT ecosystem and potentially benefit from the growing market for digital collectibles. Screenshot of Spasova presenting at EthCC. Source: YouTube. In 2022, Reddit launched the blockch...

Bitrue executives promised to compensate in full all the identified users who are affected by the hot wallet hack that accounted for 5% of all funds on the exchange. Bitrue Cryptocurrency Exchange has suffered a hot wallet exploit that allowed the attackers to withdraw various crypto assets worth nearly $23 million. Announcing the news on April 14, Bitrue said that it had to temporarily suspend all withdrawals due to a “brief exploit” of its hot wallet . The firm expects to reopen withdrawals on April 18, 2023 after conducting additional security checks. 3/4: To conduct additional security checks, Bitrue will temporarily suspend all withdrawals and will reopen withdrawals on 18 April 2023. We seek your understanding and patience at this time. All identified users who are affected by this incident will be compensated in full. — Bitrue (@BitrueOfficial) April 14, 2023 Bitrue stressed that it was able to address the matter quickly, which allowed the platform to prevent the furthe...

One wallet received $2 million in ARB while another collected around $1.38 million worth of tokens. As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain activity shows that airdrop hunters consolidated tokens worth around $3.3 million collectively from 1,496 wallet s into two wallet s. According to the blockchain analysis platform Lookonchain, one wallet received 1.4 million ARB from 866 addresses. The account then added all the ARB received to the decentralized exchange Uniswap to provide liquidity. The 1.4 million ARB tokens are worth around $2 million at the time of writing. On the other hand, another wallet received 933,375 ARB, which is worth around $1.38 million, from 630 addresses. We found 2 super airdrop hunters of $ARB. 0xe1e2 received 1.4M $ARB($1.92M) via 866 addresses and added all 1.4M $ARB to #Uniswap to provide liquidity.https://t.co/sncsZTHrP2 0xbd4e received 933,375 $ARB($1.28M) via 630 addresses .https://t.co/p5vbqXMYxD pic.twitter.com/yK3Lzbe...

Despite having its first build approved in October, Uniswap Labs is facing issues with Apple's App Store regarding its mobile wallet. Uniswap Labs has announced plans to release a new self-custodial mobile wallet that will offer users the ability to swap on L1 or L2 networks without having to switch networks. According to Uniswap Labs, the wallet will allow users to check price charts and search for any token across various networks, including Ethereum, Polygon, Arbitrum, and Optimism. To ensure maximum security, Uniswap Labs worked with Trail of Bits for the audit of the wallet . Additionally, the seed phrases and private keys of both imported and newly created wallet s will be encrypted and stored on devices using Apple's secure enclave, which is excluded from device backups. Uniswap also shared that users will be able to manually store their seed phrases with a paper copy or encrypt and store it on Apple iCloud. 1/ Introducing the Uniswap mobile wallet A completely self-cu...

Huobi has announced the impending closure of its Huobi Cloud Wallet service, citing strategic adjustments for the move. Cryptocurrency exchange Huobi has announced that it will discontinue its Huobi Cloud Wallet platform in May 2023 citing ‘strategic and product adjustments’. As per an announcement on Huobi’s support page, maintenance and upgrades of the multi-token wallet service will officially stop on Feb. 13. Users that are still using the Cloud Wallet are being encouraged to transfer cryptocurrency and nonfungible tokens (NFTs) to their main Huobi accounts or other wallet addresses. Huobi Cloud Wallet’s withdrawal and transfer functions will work for the next three months, while users are cautioned not to transfer digital assets to their Cloud Wallet. Huobi Cloud Wallet’s official decommission date is May 13, 2023. Related: Binance, Huobi team up to recover $2.5M from Harmony One hackers Huobi Wallet was rebranded to iToken in May 2022 following a $200 million investment from Hu...

As the world moves to a multichain reality, user-friendly interfaces are becoming standard across all networks, not just Ethereum. The learning curve for blockchain and its related topics is steep. To this day, even those familiar with blockchain terminology need help to perform basic functions like storing, trading and transacting with crypto assets, in addition to using nonfungible tokens (NFTs) for any of their intended use cases beyond being a digital collectible. For this reason, the unfortunate reality is that despite networks like Ethereum being diverse in utility across payments, storing data and other decentralized finance (DeFi) use cases, mass adoption continues to meet challenges since few know how to interact with blockchain technology. A lack of adoption doesn’t mean blockchain and crypto aren’t the future. Instead, humans must recognize that a consumer-centric experience is needed to demonstrate the utility of a new technology like blockchain. Consider the parallel betw...

The impact of FTX’s collapse was much bigger than expected. The hack that followed suit disrupted the market as well. While the details behind the hack remain uncertain, the stolen funds were being moved. Over the last couple of days, huge amounts of funds from the stolen $447 million were on the move. Further persisting this pattern, the hacker went on to move some more funds. As per recent data from Etherscan, within a period of 4:11 to 4:17 PM UTC a whopping 180,000 ETH was moved. The hacker split this across 12 wallets that were newly created. Each of these wallets received a total of 15,000 ETH. Source As seen in the above image, all the wallets entailed a total amount of $199.3 million together. This move certainly seemed to have confused the entire ecosystem. Several were speculating that the FTX hacker was trying to confuse the investigators that were overseeing the hack. A few others assumed that the hacker could be employing a mixing service sometime soon. J...