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Coinbase Launches New Wallet Web App to Streamline Onchain Activity
The newly introduced Coinbase Wallet web app enables users to connect multiple wallets and view their crypto, NFTs, and decentralized finance (defi) positions in one place. This eliminates the need for manual spreadsheets and switching between multiple browser tabs.
The app supports a wide range of wallets, including smart wallets, Metamask, and Phantom, and offers a streamlined interface for trading over 2 million tokens across eight different chains. Key features of the new app include a 360-degree view of assets, the ability to connect various wallets, and tools for creators to mint and share NFTs directly on the platform.
“By consolidating your wallets and providing a comprehensive 360-degree view of your portfolio, we aim to reduce inefficiencies and frustrations,” Coinbase explained to Bitcoin.com News on Thursday. “Plus, with the simplicity of smart wallets, users can get onchain and engage in minting, creating, or trading in seconds.” Read More
Greenidge Expands Bitcoin Mining Operations in Mississippi
Greenidge (Nasdaq: GREE) acquired the 12-acre Mississippi property earlier this year and rapidly transitioned it to an operational site using its proprietary Greenidge Pod X infrastructure. The site currently has 8.5 MW of power capacity, with plans to secure an additional 25 MW within the next 12 months. Greenidge explained to Bitcoin.com News that the expansion is part of the firm’s broader strategy to enhance its footprint across multiple locations.
The Greenidge Pod X, launched in June, is a significant component of this expansion, according to the company. The pod offers a unique design aimed at optimizing temperatures, thus improving the uptime and longevity of mining equipment. Greenidge claims the introduction of Pod X positions Greenidge among a few global manufacturers providing such large-scale mining solutions.
With the addition of the Mississippi site, Greenidge now operates four bitcoin mining facilities with a total power capacity of 122 MW and approximately 8,000 miners across the U.S. and Canada. Read More
Switching from MetaMask? Here are 5 alternative crypto wallets
Since the inception of cryptocurrencies, a plethora of crypto wallets have emerged, with one of the most popular being the MetaMask browser extension wallet from software technology firm Consensys.
Launched in 2016, MetaMask is now the most popular wallet for interacting with decentralized finance (DeFi).
MetaMask owes much of its popularity to its ease of use and wide range of functionalities.
MetaMask’s status as the number-one crypto wallet has recently been challenged, especially since November 2022, when Consensys changed its privacy policy and announced that it would collect users’ internet protocol, or IP, addresses.
The crypto community, which is particularly concerned about privacy, reacted poorly, claiming that Consensys’ actions contradict crypto’s core tenet of decentralization.
While MetaMask is still one of the top wallets, others have emerged that offer similar services and compatibility. Read More
Crypto hacks top $1.4B, MetaMask streamlines Web3 onboarding: Finance Redefined
Centralized exchanges are becoming the new ground zero for hackers, as shown by a 900% increase in losses year-over-year.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
This past week, significant new developments were announced by industry-leading Web3 firms, including MetaMask, Polygon and StarkNet. Each revealed promising new infrastructure developments that could bolster mainstream adoption.
On the downside, cryptocurrency hacks continue eroding mainstream trust, as total hacked funds surpassed $1.4 billion in 2024 — not because of DeFi protocols but mainly because of centralized exchanges (CEXs).
Are centralized exchanges becoming the main target for crypto hackers? A 900% year-over-year increase in losses incurred by CEXs suggests so. Read More
The Top Ten Cryptocurrency Blunders: A Must-Read Guide for All Investors
Are you eager to maximize your returns in the cryptocurrency market? If so, it's crucial to avoid common pitfalls that could lead to significant financial losses. This comprehensive guide will delve into the ten most critical errors crypto investors often make, which can result in substantial monetary losses. By understanding and avoiding these mistakes, you can ensure that your investments not only avoid unexpected setbacks but also thrive, leading to significant profits that can potentially change your financial future. Read More
Privacy Coin Monero Tops Payments at European Online Retailer Shopinbit in June
The European online retailer, which offers over a million products, shared on X this week that monero (XMR) was the dominant payment method in June. The post revealed that 74.54% of all transactions were settled with monero, while 23.64% were onchain BTC payments. Shopinbit, an online retailer established in 2018, offers a variety of products including sports equipment, electronics, toys, bikes, outdoor gear, and pet supplies.
Shopinbit also revealed that 1.73% of payments were processed through the Lightning Network layer two (L2) platform, while fiat payments accounted for 0.08%. The company stated that if XMR continues to lead in payments for the next two months, it will change its bio from “Europe’s biggest Bitcoin Store” to “Europe’s biggest Bitcoin and Monero Store.”
This weekend, while there has been a general upswing in crypto markets, XMR has declined by 2.2% in the past day. Read More
US military partner Constellation opens Hypergraph network to app developers
The “Layer 0” network was created in collaboration with the United States Department of Defense and is now open for commercial Web3 applications.
On July 15, Constellation Network opened its Hypergraph blockchain, created in partnership with the United States military, to application developers at a global hackathon event hosted alongside technology giants IBM and Panasonic.
The hackathon marks the debut of Constellation’s “meta graph” application layer, which enables third-party developers to build Web3 applications—or even new layer-1 blockchains—on top of Hypergraph’s existing network.
Hypergraph is a so-called “Layer 0” protocol designed to validate and store data from interoperable applications and networks — known as “meta graphs” — on its ledger. According to the announcement, its meta graphs can work with any data type, interface directly with external data sources, and accept mainstream programming languages like Java.
“Constellation’s Hypergraph is the blockchain of blockchains,” Ben Jorgensen, CEO of Constellation Network, said in a statement. “The best way forward with Web3 and blockchain technology for all of us is interoperability and collaboration across chains and communities.” Read More
Binance’s BNB Chain introduces layer-2 testnet powered by Optimism
The Binance-founded blockchain has introduced a new layer-2 chain opBNB, though some suggest there are other ways to scale the network.
Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.”
On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new layer-2 scaling solution is based on the Optimism OP Stack, which it says will add additional security and scalability to the Binance blockchain network.
The system is an Ethereum Virtual Machine (EVM) compatible layer-2 chain, which means it works with Ethereum-based smart contracts, networks and ERC-20 token standards.
Blockchains are often plagued by network congestion and high fees during times of increased network demand. BNB Chain currently claims around 2,000 transactions per second, with transaction costs of around $0.10.
According to the announcement, opBNB can support over 4,000 transfer transactions per second at an average transaction cost lower than $0.005. Read More
AT&T should’ve stored their data on the blockchain, exec argues
Chirp founder Tim Kravchunovsky argued that with the technology available today, the AT&T breach is "inexcusable."
A Web3 executive believes that the data breach that multinational telecommunications company AT&T may have been avoided if they stored their data within the blockchain.
On July 12, the telecom company said in a filing with the United States Securities and Exchange Commission (SEC) that it had learned from an investigation that the company suffered a breach that might endanger their customers’ data.
According to the filing, the attackers accessed and copied their call logs stored in a third-party cloud provider. The data contained records of calls, texts and phone numbers.
While the content of the communications was not compromised, the company believes that there are ways to find names associated with phone numbers and that hackers could use tools to determine the identity of their customers. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
