Ethereum wallet and browser extension MetaMask achieved another major milestone in August, as its monthly active userbase topped 10 million for the first time, further highlighting the growing demand for DeFi assets. MetaMask credited a confluence of factors for its exponential growth, including the rapid adoption of Ethereum smart contract technology, the continued expansion of DeFi protocols and the successful launch of its token swap solution. The company also credited the nonfungible token boom for attracting more users to its technology. As Cointelegraph reported, MetaMask registered its one-millionth monthly active user in October 2020, up from 545,000 in July of …

Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets and boarding passes. However, crypto wallets attempt to redefine the digital wallet landscape as something more than safe storage of payment and crypto instruments. With more than 100 crypto wallets and growing, this sector in the cryptosphere is getting crowded and adding further complexity to an already fragmented blockchain and digital asset space. As I study this space and try …

Retail shareholders of crypto-friendly trading app Robinhood are demanding a crypto wallet along with a branded hat and hoodie, a public shareholders questionnaire revealed. The public question crowdsourcing platform Say, which was Robinhood’s first purchase after it went public, enabled retail shareholders of Robinhood to ask and upvote questions in a Reddit-style interface. “Management will address a selection of the most upvoted questions relating to Robinhood’s business and financial results on the earnings call,” Say explained. The top question directed to the Robinhood management by retail shareholders as of Wednesday was about introducing a crypto wallet within the trading app. …

The fight for lawmakers to clear up the language used to define brokers in the crypto space may be moving to the United States House of Representatives soon after a failed attempt in the Senate. In a 69-30 vote, the Senate passed HR 3684 this morning, a bipartisan bill that proposes roughly $1 trillion in funding for roads, bridges and major infrastructure projects. However, the bill also suggests implementing tighter rules on businesses handling cryptocurrencies and expanding reporting requirements for brokers, mandating that digital asset transactions worth more than $10,000 are reported to the IRS. Though initially split on the …

A wallet recovery service says it has achieved the impossible — opening up a six-year-old wallet that contained 10 million DOGE. KeychainX said it was contacted by a retired truck driver who had purchased a massive Dogecoin stash in 2015 for about $1,500. Fast forward to now and its value had increased by more than 2,000x — and would now be worth more than $3 million. Here’s the problem: the PIN to his Android wallet was 12 digits long, something that the company thought would be impossible to crack in a lifetime. The KeychainX team got to work by asking …

The bid to introduce human-readable addresses as an alternative to the usual lengthy alphanumeric crypto wallet address system is set to achieve another milestone following the recent partnership between Circle and Unstoppable Domains. According to an announcement issued on Wednesday, Unstoppable Domains, a blockchain domain name provider, and USD Coin (USDC) stablecoin issuer Circle are collaborating to release readable “.coin” usernames for USDC transfers. As part of the partnership, both companies will collaborate to enable support for .coin username extensions across wallets and crypto exchanges that support the popular stablecoin. Under this arrangement, USDC transfers will become akin to sending …

A group of Russian experts is working on a new blockchain-based service to allow users to bequeath their cryptocurrency holdings and digital rights to the next generation. The National Technological Initiative (NTI), a global technical leadership program in Russia, announced a new digital inheritance tool based on blockchain technology, local news agency RIA Novosti reported Tuesday. The initiative brings together experts from three local universities, including Lomonosov Moscow State University, the National Research Nuclear University and the Moscow State Institute of International Relations. Dubbed “Time Capsule,” the service would allow users to store digital data and assets like social media …

Payments provider company PayPal said its users may not have much longer to wait to have greater crypto functionality through the platform. During PayPal’s Q2 2021 investor update call on Wednesday, CEO Dan Schulman said the initial version of the company’s super app wallet was “code complete.” The PayPal CEO said the company planned for the wallet to be fully ramped in the United States in the next several months. The super app wallet will feature high yield savings, early access to direct deposit funds, messaging capability, “additional crypto capabilities” and more. Schulman said each wallet would be “unique, driven …

A digital assets platform has launched an Americas unit as part of its global expansion. OSL says the move is in response to growing institutional and corporate demand for digital assets. Led by Fernando Martínez, OSL Americas delivers prime brokerage — including electronic and over-the-counter execution as well as coin borrowing and lending. It is also set to serve as a regional hub for engagement with the company’s software-as-a-service partners. In time, access will be offered to the platform’s institutional-grade exchange. OSL’s CEO, Wayne Trench, said: “OSL's combination of experienced traders, deep global relationships and advanced technology allow its prime …

Celo-powered crypto wallet Valora has closed on a $20 million funding round, as the company announced it will become a standalone entity. In a Tuesday announcement, Valora said Andreessen Horowitz, Polychain Capital, SV Angel, Nima Capital, NFX, Valor Capital, and others had invested $20 million in a Series A round for the crypto app, which will now operate as an independent company. Jackie Bona, the former head of consumer growth of Celo's cLabs cLabs, will become Valora’s new chief executive officer. "I am delighted to be leading Valora at such a dynamic time in this important evolution, both as an …

Australian "buy now, pay later" (BNPL) firm Zip is looking to enter the crypto market by offering trading services to users within the next 12 months. Zip co-founder Peter Gray told Reuters on July 22 that expanding support for crypto trading services and providing a digital wallet were two of the top requests from its clients. The co-founder kept his cards close to his chest, however, and didn’t outlay a specific roadmap or timetable to get there. “We know our younger generation of customers seek additional products and services that are relevant to them,” Gray said. The Afterpay competitor serves …

Based in London, CoinBurp is a fully functioning CeFi platform that is building an Ethereum-based wallet. Through its wallet, CoinBurp’s users will have exposure to the NFT market, the company’s Raffle partnership to win exclusive variable-rarity NFTs, and $BURP token staking opportunity. Coinbase for NFTs The platform recently raised $6M in private raise, which will help it build ‘Coinbase for NFTs’ –– custodian NFT-first crypto wallet that will connect DeFi and CeFi worlds through dCommerce, exchanges ,and lending & saving providers. CoinBurp wallet, integrated with all major open NFT marketplaces and its own NFT loyalty program will allow buying NFT …