Civic Wallet is a multi-signature non-custodial wallet that now comes with a $1,000,000 guarantee from Coincover. Civic Technologies (CVC) has been known in the crypto space as one of the leading providers of decentralized identity and is now purportedly the first company to offer a non-custodial wallet with $1,000,000 protection. The wallet is currently in private beta. Speaking to Cointelegraph, Civic co-founder and CEO, Vinny Lingham compared its key feature to the protection offered by the Federal Deposit Insurance Corporation (FDIC): “This is the first time that both technical and non-technical users can feel safe about their holdings. Until now, …

Similar to a bank account for fiat currency, a crypto wallet is a personal interface for a cryptocurrency network that provides reliable storage and enables transactions. Whether a cryptocurrency is securely stored or not, much depends on the wallet, which is only as secure as its private keys. Wallets are generally either hot or cold. The funds in a hot wallet can be spent at any time, online. A cold wallet functions in contrast: not intended for regular cryptocurrency transactions, but funds can be received at any time. Wallets can also be divided into three groups: software, hardware and paper. …

Bitcoin (BTC) addresses holding 1 BTC are on the rise — but only a maximum of 800,000 people currently own a whole coin. That is according to data released on March 28, which put the total number of wallets containing at least 1 BTC at all-time highs. Are “Wholecoiners” multiplying? The figures from monitoring resource Glassnode claim that 797,420 wallets now have a balance equal to or more than a whole Bitcoin. The number has increased by 101 wallets in the past 24 hours. Individuals may have access to more than one wallet, meaning it is unlikely that even the …

Leading U.S.-based cryptocurrency exchange, Coinbase, has integrated support for decentralized finance (DeFi) protocols on its wallet app. Per a March 26 announcement, Coinbase Wallet will now allow users to earn interest on cryptocurrencies through the DeFi apps, Compound, and dYdX. While the DeFi apps were already available through Coinbase Wallet’s built-in decentralized application browser, the exchange asserts that the integration significantly increases the ease-of-use for users seeking to access DeFi protocols. The new feature will roll out for iOS this week, with Android support slated to follow in the near future. Coinbase Wallet integrates support for DeFi protocols Compound and …

A hardware wallet may just be the safest way to store cryptocurrency for average users. Nowadays, many different devices are trying to tackle the challenges of secure crypto asset storage. In this article, Cointelegraph will review some of the most well-known hardware wallets and compare their features. The cryptocurrency wallets that will be covered in this article are Ledger’s Nano X and Nano S, SatoshiLabs’s Trezor One and Trezor Model T, ShapeShift’s KeepKey, and Coinkite’s Coldcard and Opendime. It is also important to point out that all the wallets tested in this article, other than the Ledger Nano S (which …

Cryptocurrency wallet provider ZenGo has built a testnet to demonstrate a major security flaw prevalent among decentralized application (DApp) wallets. On March 23, ZenGo published an article highlighting that, when authorizing a specific transaction, many DApp wallets actually grant access over all of that particular token stored in the connected wallet: “As a result, if the DApp is vulnerable to a security issue or is rogue to begin with, attackers can abuse these highly excessive privileges to steal ALL of the DApp’s users holdings (in the approved tokens) without any further user consent. They can do so at any point …

Saga Monetary Technologies’ SGA stablecoin is now compatible with keyless wallet ZenGo, thanks to a recent partnership between the two companies. “ZenGo provides guaranteed access, meaning that even if we stop operating, user funds will remain 100% available for the users to move them anywhere they wish,” ZenGo CEO Ouriel Ohayon explained to Cointelegraph about the keyless wallet. Users can now hold their SGA tokens in ZenGo’s wallet, Saga said in a March 19 statement. ZenGo’s wallet does not employ private keys. ZenGo’s main wallet will now hold SGA compatibility, a representative confirmed to Cointelegraph. The collaboration has an approach …

Opera’s mobile and desktop browsers are expanding cryptocurrency purchases to U.S. users, as the Norwegian company looks to continue building its Web 3.0 credentials. Through a partnership with Wyre, a U.S.-licensed money transmitter in the cryptocurrency sector, Opera will enable U.S.-based customers to buy Bitcoin (BTC) and Ether (ETH) directly from the browser’s crypto wallet. Android users can use debit cards, while Apple iOS device users can purchase using Apple Pay. Purchasing via the mobile browser — branded Opera for Android, or Opera Touch in the Apple App Store — has been open to residents of Sweden, Denmark and Norway …

Amid the ongoing crypto market decline, the number of crypto wallets containing one Bitcoin (BTC) or more continues to rise. According to major blockchain analytics firm, Glassnode, the number of Bitcoin addresses holding one or more bitcoins has been steadily growing and reached a new all-time high (ATH) On March 11. On that day, the amount of hodlers owning one Bitcoin or more reached an ATH of 795,630, crossing a previous ATH of 795,300 observed on March 10, Glassnode tweeted. Since March 2019, the number of Bitcoin wallets holding one or more bitcoins added more than 60,000 addresses, according to …

As the price of Bitcoin (BTC) crept up in recent months, it appears public interest in digital assets is once again on the rise. Newcomers to the sector these days have it far easier than those who joined in the earlier days. Since 2017, we have seen an inflow of institutional investment, increasing the availability of crypto derivatives, and a vast array of new exchanges, custodians and wallets entering the market. However, the industry still lacks a fundamental capability, which is perhaps the most significant barrier to adoption for new users — a guarantee of fund security. Even now, in …

Insurance underwriters associated with Lloyd’s of London are now backing a new liability policy designed to protect cryptocurrency stored in online wallets. With a modest minimum of 1,000 British pounds ($1,275) in protected assets and rather flexible terms, the product seems to be geared for retail and corporate investors. But who is behind the novel service, and how will the policy work? Forces behind the innovation Despite the enthusiasm expressed in early media accounts for “insurance giant Lloyd’s backing crypto,” Lloyd’s of London is not an entity to which any centralized agency can be ascribed. Unlike most other major players …

After almost a month following a massive hack, the Iota Foundation has brought their network back online. The Iota network was relaunched on Tuesday following the Feb. 12 attack on the platform’s Trinity Wallet software. Although the network was shut down that same day to prevent further security breaches, 8.55 million MIOTA — approximately $2 million — was stolen from 50 users of the digital asset wallet. In a March 10 blog post, the IOTA Foundation announced the Coordinator — the centralized node curating all transactions — was back online following a seed migration period. The desktop version of Trinity …