In an interview with Cointelegraph, Adam Traidman, the CEO of wallet provider BRD, recounted operating a phone support line for cryptocurrency users during the company’s infancy. After starting BRD, formerly Breadwallet, in 2015, Traidman recalls the firm’s CMO deciding to launch the "Bitcoin Therapy Hotline" without consulting the firm’s other executives. Traidman initially thought the idea was crazy, stating, “Back then, other big Bitcoin companies like Coinbase and whatnot didn’t have phone support, and their average email response times were days or weeks. And there we were, without any phone tree, [...] literally just a ring and a human.” "Flooded …

BitGo, one of the world’s largest Bitcoin (BTC) transaction processors, is integrating a new API into its crypto wallet service to support the Financial Action Task Force’s travel rule. BitGo told Cointelegraph on July 14 that the company is the first wallet service to provide an in-house API solution for the FATF’s Anti-Money Laundering (AML) regulations, known as the "travel rule." Specifically, BitGo is now extending its API endpoints to enable its clients to transfer additional transaction-related data required under the new rule. Intended to provide more transparency, the new tool is expected to enable the exchange of data about …

The Indiegogo crowdfunding campaign for the NGRAVE ZERO has ended, raising over €385,000 ($430,000) through pre-orders via various reward tiers. More than 1,200 backers from around the world made the campaign the most successful ever for a hardware wallet, with the total funds raised being eight times the amount of the next best. Cointelegraph spoke to NGRAVE Co-Founder and CEO Ruben Merre about the success of the crowdfunding campaign: Cointelegraph: The Indiegogo campaign raised over 1,500% of its initial €25,000 goal, during what can only be described as a challenging period for the global economy. Did you ever imagine such …

Torus, a Singaporean crypto key management platform, now allows users to send cryptocurrencies through social media platforms such as Twitter. With Torus’ latest update, v1.7.2, users can now send tokens to any Twitter or GitHub account, even if that account has never used Torus’ crypto wallet, the firm said. Torus publicly sends ETH to Buterin, Musk, and CZ on Twitter Announcing the news on Monday, Torus showcased a couple of Twitter transactions, featuring 0.01 Ether (ETH) transfers to major crypto figures such as Ethereum co-founder Vitalik Buterin, Binance CEO Changpeng Zhao as well as Elon Musk. As of press time, …

Unstoppable Domains, a Tim Draper-backed startup focused on blockchain-based uncensorable websites, has launched a decentralized chat protocol. The so-called “Unstoppable Chat”, or simply “dChat” aims to promote confidentiality through a peer-to-peer network and end-to-end encryption. Opposed to mainstream messengers like Facebook, dChat enables users to own, encrypt, and store their messages themselves on their own servers. Users need an Ethereum wallet private key to sign in In order to allow users to fully control their messages, dChat integrates with a user’s cryptocurrency wallet and P2P networks. In order to sign in to the chat, users need to have an Ethereum …

Leading crypto hardware wallet producer Ledger has denied that its product’s transaction management software featured a double-spend vulnerability. According to Ledger’s CTO Charles Guillemet, the vulnerability recently revealed by software wallet ZenGo is — in fact — nothing more than a user experience flaw. He illustrated the nature of its hardware wallet companion software Ledger Live to Cointelegraph: “It’s important to understand that rather than an attack, the actual flaw may be seen more as a clever piece of trickery. Trickery is not a vulnerability. However, we do want to prevent anyone from falling victim to these kinds of clever …

Jack Mallers, the developer of the Zap Lightning Wallet, announced on Thursday his new app for iPhone, Android and Chrome, which allows users to send and receive Bitcoin (BTC) and Lightning Network payments directly from and to a bank account. Strike, which has now entered the public beta phase, enables interaction with the Bitcoin and Lightning protocols with no wallet, seed, channels, liquidity or white papers, while Know Your Customer protocols are kept to a bare minimum. Mallers wants Bitcoin to reach mainstream adoption. To this end, he created Zap in 2018 — one of the first desktop wallets making …

On July 2, crypto security firm ZenGo identified a double-spend exploit targeting several popular Bitcoin (BTC) wallets, dubbed ‘BigSpender’ Of nine cryptocurrency wallets tested by ZenGo, BRD, Ledger Live, and Edge were found to have been vulnerable to the attack. The three companies updated their products after ZenGo notified them of the threat, however the firm warned that “millions” of crypto users may have been exposed to the exploit prior to its identification. Despite the wallets’ move to protect against BigSpender, Bitcoin Cash (BCH) proponent Hayden Otto claims the vulnerability is inherent to Bitcoin “by design” and can still be …

MetaMask, a popular Ether (ETH) wallet and browser extension, has just released a new major application upgrade. Announcing the news on July 2, MetaMask outlined that the new update, MetaMask Version 8, offers a number of new features like enhanced privacy control and a new account-login system. MetaMask users can now switch between several accounts to protect privacy MetaMask’s new “Unparalleled Privacy Control” feature is focused on protecting private user information while connecting the app to a certain website. As such, MetaMask V8 offers users to select one or more accounts for a certain website or even create a new …

Cryptocurrency data startup Nomics, in partnership with Nexo, is introducing algorithmic rankings of crypto wallets, lenders, custodians, tax services and over-the-counter desks. The plan is to eventually extend these rankings to every crypto product category, including media outlets. According to Nomics CEO Clay Collins, the same algorithm is applied to all categories without any manual intervention, which should make the rankings more objective. Each entity receives a reputation score based on social media activity and site links. The exact recipe is not disclosed in order to prevent manipulation. Unexpected results This blind algorithm, at times, produces interesting results. Nexo tops …

BRD recently updated its wallet compatibility, allowing storage of Hedera Hashgraph's HBAR coin. "In addition to the integration in the BRD consumer wallet, Hedera’s network data will be supported in BRD’s recently launched enterprise-grade blockchain data integration platform Blockset, which powers the BRD consumer wallet," said a June 25 statement provided to Cointelegraph. Blockset aids enterprise endeavors Aimed at the enterprise sector, Hedera touts itself as a proof-of-stake, or PoS, public ledger ecosystem, according to its website. The technology uses what it calls Hashgraph network consensus. The project's incorporation with Blockset plays on Hedera's enterprise lean. Essentially, entities looking into …

A vulnerability discovered on Bancor on Thursday would have allowed hackers to simply drain the funds of anyone who interacted with its smart contracts. The exploit relied on the concept of withdrawal authorization, introduced in the ERC-20 standard. This allows various Ethereum-based decentralized applications to automatically withdraw money from users’ wallets. As Oded Leiba, a research engineer at ZenGo, wrote, the fund withdrawal function on Bancor’s smart contract was mistakenly set so that anyone could call it. Bancor acted preemptively to “steal” user funds before malicious parties could intervene. Compounding this issue was the fact that Bancor’s contracts requested an …