Bitcoin (BTC) is down almost 30% in the last seven days, and this dip has triggered an almost commensurate plunge in the percentage of wallets in profit. Data from crypto data provider Glassnode shows that Bitcoin’s price drawdown has led to almost a quarter of unique on-chain entities being at a loss. This situation also bears some parallels to previous extreme downside price action periods that interrupted bullish advances. During the Black Thursday crash of March 2020, unique on-chain entities at a loss also approached the 25% mark as Bitcoin fell almost 50%. Further back, the 2019 rally from the …

Digital currency exchange Coinbase has announced a new browser extension for its native wallet, enabling users to more easily connect to decentralized applications and decentralized finance directly on their desktop. The Coinbase Wallet browser extension is now available on Google Chrome, the company announced Monday. Coinbase Wallet lead Sid Coelho-Prabhu said that more than 1 million Coinbase Wallet customers regularly connect to applications like Uniswap and Compound. The new Chrome extension will streamline this process, removing the need to scan a QR code on their mobile devices each time they want to connect. Coelho-Prabhu explained: “Starting today, we’re making it …

Beyond Coinbase, are there any other examples? One company that has been in the process of completing a Reg A token sale is Exodus. Exodus — which offers desktop, mobile and hardware crypto wallets — said that it wanted to pursue this approach to ensure that its users had equal access to equity as venture capital firms and crypto whales. The company’s stock was listed at a price of $27.42 a share, and was available directly through the Exodus wallet in exchange for Bitcoin, Ether or the USDC stablecoin. It was also available exclusively in the U.S., barring three states. …

JP Richardson’s favorite phrase is “easy to use.” Well, maybe not, but the Exodus CEO certainly used it enough during a live ask-me-anything session that the cryptocurrency wallet maker held on Cointelegraph’s YouTube page. While the focus of the livestream was the $75 million public offering of stock that Exodus Movement has hosted — and nearly completed — inside its own Exodus Wallet, Richardson reinforced this idea regularly throughout the broadcast. “I think what a lot of people, first of all, really love about Exodus is the ease of use and how beautiful it is,” Richardson said when asked what …

The Central Bank of the Bahamas is preparing a national push for its digital currency this summer to get more Bahamians signing up for the Sand Dollar. In another move toward the adoption of the Bahamas’ central bank digital currency, the CBOB is now focused on connecting mobile Sand Dollar wallets with commercial banking systems, CBOB Governor John Rolle announced. According to a Wednesday report by the Nassau Guardian, Rolle said that the Bahamian government has initiated a number of measures to prepare itself and the Sand Dollar ecosystem. “There is a focus now on enrolling individuals on those various …

MetaMask, the Ethereum wallet service and browser extension, has recorded 5 million monthly active users for the first time — marking a major milestone in the growth of decentralized applications. The sharp increase in adoption came just six months after MetaMask registered its first cumulative 1 million active users. Since October 2020, the service platform has grown five times, highlighting the continued strength of the cryptocurrency bull market. The following chart, courtesy of MetaMask developer ConsenSys, highlights the exponential growth of the wallet service over the past six months: Interestingly, MetaMask adoption has surged in the so-called “global south” — …

Baillie Gifford, a 110 year-old asset management firm known for its early bets on firms like Tesla, has invested $100 million in major cryptocurrency wallet service Blockchain.com. Blockchain.com co-founder and CEO Peter Smith announced Wednesday that Baillie Gifford’s contribution to its $300 million funding round in March has become the largest single investment in the company so far. Smith stated that Baillie Gifford’s participation in the round marked “one of their first investments in a crypto company.” “It’s also a validation that a balanced and diversified retail/institutional business has incredible growth potential in the coming years,” the CEO wrote. With …

Crypto wallet provider Exodus has raised more than $59 million in just five days as investors flocked to participate in the public offering. Exodus Movement Inc., a firm based in Delaware, began selling stock on Thursday in a sale that was approved by the United States Securities and Exchange Commission. The shares were listed for $27.42 apiece, with a maximum investment of 2,733,229 shares. According to a report on Monday, the offering will close once the maximum offering amount of $75 million has been reached. The crypto wallet company is already 80% toward reaching that target, with participation from over …

Ledger and Shopify have been hit by a class-action lawsuit over a major data breach that saw the personal data of 270,000 hard wallet customers stolen between April and June 2020. Phishing scam victims John Chu and Edward Baton filed the lawsuit in California against the crypto wallet provider and its e-commerce partner Shopify on Tuesday. The plaintiffs alleged that the firms “negligently allowed, recklessly ignored, and then intentionally sought to cover up” the data breach. The data was stolen when rogue employees of Shopify accessed the company’s e-commerce and marketing database for Ledger, with the hackers then selling the …

Apple Music veteran Parker Todd Brooks is leaving the company to join Ledger, one of the biggest providers of cryptocurrency hardware wallets. According to a Friday announcement, Brooks will now head Ledger’s nonfungible token division as the company expands its support for the storage, display, management and security of NFT pieces. Brooks is joining Ledger after spending the last seven years with Apple Music, helping launch Apple Music and music radio station Beats 1 after Beats Music was acquired by Apple in 2014. Prior to his role at Beats Music as director of artist integrations, he worked at Topspin Media, …

A scam cryptocurrency app on Apple’s app distribution service App Store has reportedly stolen $600,000 Bitcoin (BTC) from one iOS user. Cryptocurrency holder Phillipe Christodoulou fell victim to a scam app on the App Store, losing nearly all his life savings to a fake crypto wallet application, The Washington Post reports Tuesday. Christodoulou went on the App Store last month to search for a mobile Trezor app to check his Bitcoin balance via phone. Unaware that Trezor does not currently provide an iOS app, Christodoulou downloaded a doppelgänger Trezor application that boasted close to five stars, giving the impression that …

After the U.S. Treasury Department extended the comment period for anyone to express their thoughts on a proposed crypto rule, non-profit crypto policy advocate group Coin Center has made another — and possibly final — argument to regulators. Coin Center directed its comment to the Financial Crimes Enforcement Network, or FinCEN, over proposed rules that would require registered crypto exchanges in the U.S. to verify the identity of people using "an unhosted or otherwise covered wallet" for a transaction of more than $3,000 and report on all crypto transactions of more than $10,000. The advocacy group referred to the proposal …