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Coinbase rolls out smart wallet with no gas fees and easy onboarding
Coinbase customers can look forward to a cheaper, easier experience when they buy, sell or trade crypto.
Cryptocurrency exchange Coinbase is launching a smart wallet. The new Coinbase Wallet will offer users greater convenience through onboarding, eliminating gas fees and making recovery phrases unnecessary.
The smart wallet will allow users to create a new wallet and onboard onto a blockchain without downloading a new app or receiving a new recovery phrase. Instead, the smart wallet will integrate with major apps and use Face ID, users’ Google Chrome profile, fingerprint ID or Yubikey to onboard through a passkey that will be stored on users’ devices.
The smart wallet will have self-custody and permit payments from the user’s Coinbase Wallet or Coinbase account. Developers will be able to choose to waive gas fees by sponsoring the transaction through a paymaster. Read More
Zone launches PoS gateway with instant settlements
Zone, the company behind Africa’s first regulated blockchain network for payments, announced the launch of its new “ZonePOS” point-of-sale payment gateway solution on June 5.
The new product appears to be a novel solution for the area, according to a press release from Zone.
Per Zone, the company’s blockchain-powered payment infrastructure implements direct transaction routing to issuers within regulatory guidelines on interbank payments. This marks one of the few, if not the only, decentralized gateway for currency-agnostic payments in the African market.
Zone CEO Obi Emetarom, in a press release, commented:
“Our PoS Payment Gateway Product is a commitment to financial inclusion and to the digital future of all payments in Africa. With this new offering, we are excited to have taken yet another major step towards our vision for a world where individuals and businesses can make and receive instant payments to and from anyone in the world, through any payment method and in any currency.” Read More
Beware of fake work-from-home jobs — it’s a ploy to steal your crypto
The FBI is warning jobseekers not to fall for the too-good-to-be-true “work-from-home” job scams.
Be cautious of an employer who demands you send them cryptocurrency to start your dream job working from home. The United States Federal Bureau of Investigation (FBI) says it’s probably just another scam.
In a June 4 statement, the FBI warned of a rise in work-from-home job advertisement scams. The scammers will contact their potential victims with an unsolicited call or message, offering a relatively simple job such as rating restaurants or “optimizing” a service by repeatedly clicking a button.
The victims might even believe they’re earning money — as scammers will direct victims to a fake interface, showing they’re earning money (though they will never be able to cash it out).
The con hits home when the victim is directed to make cryptocurrency payments to the fake employer to “unlock” more work — except the payments go directly to the scammer.
“You are directed to make cryptocurrency payments to your employer as part of a job,” the FBI noted. Read More
FOMO Frenzy Versus Community Focus – Why Celebrity Meme Coins Need More Than Star Power
The dynamic cryptocurrency market continuously churns out new trends (organic and not-so-organic), with the recent surge of celebrity-backed meme coins being a prime example.
Most avid users of digital wallets witnessed the initial excitement surrounding these tokens, like JENNER, RICH and BANDO.
Fueled by the meme coin craze and celebrity endorsements, these tokens experienced a surge in trading activity. However, the dream quickly turned sour.
Within a mere two to three days of launch, the market value of these tokens plummeted dramatically, with some experiencing dips close to 90%.
Speaking about the dramatic price drops – the threadbare inherent volatility of the crypto market is now heavily influenced by news-driven sentiment and speculation.
Early investor exits to secure profits can trigger rapid sell-offs, especially when a coin lacks liquidity, which is common for meme coins. Read More
How To Excel At Customer Acquisition Through Content Creation With Markethive
Acquiring customers is vital for a business's success, serving as the main driver for marketing efforts and overall business expansion. However, the process has become fiercely competitive and increasingly costly, with the customer acquisition cost (CAC) rising by over 60% in the last six years. This increase in CAC is due to various factors, such as increased competition, rising advertising costs, and changing consumer behaviour, making it more critical than ever for businesses to invest in effective customer acquisition strategies like content marketing.
Navigating the crowded online landscape can be a significant hurdle as businesses flock to establish a presence through various digital platforms. However, these channels present a tremendous chance to stand out and acquire new customers through compelling content. By creating informative and engaging content, businesses can cut through the noise and take control of their customer acquisition strategies, empowering them to shape their own success. Read More
Here’s Why XRP ETF is ‘Inevitable:’ Ripple CEO Chips in
XRP, SOL, and ADA ETFs seem like the next to enter the US market, according to Ripple’s Brad Garlinghouse.
The cryptocurrency market has been booming since the beginning of 2024, with bitcoin (BTC) hitting a new all-time high of over $73,700 in mid-March and currently trading well above the $70K mark. This success could be partially attributed to the historical launch of certain financial products unavailable in the US several months ago.
The products in question are spot BTC ETFs, which received the SEC’s green light in January. Last month, the agency gave the thumbs up for spot ETH ETFs, too.
Those financial vehicles provide investors with exposure to digital assets without having to purchase them directly from exchanges. They simplify the investment process and mitigate some risks associated with handling cryptocurrencies (such as self-custody, for example).
In the past few months, many industry participants have speculated that a spot XRP ETF can also see the light of day in America. Not long ago, Ripple’s CEO – Brad Garlinghouse – claimed that such a product, alongside SOL ETFs and ADA ETFs, is “inevitable.”
Most recently, he doubled down on his stance, suggesting that investors want exposure to numerous ETFs, not only those with Bitcoin and Ethereum as underlying assets:
“To me, it only makes sense. You don’t want to have just a single-threaded asset exposure. I think people also forget that it wasn’t that long time ago (before the SEC got involved) that XRP was the second-most valuable digital asset.” Read More
Telegram launches in-app currency ‘Stars’ for digital purchases
Telegram Stars can be swapped on Telegram’s Fragment platform for Toncoin, an $18 billion cryptocurrency.
Social messaging platform Telegram has launched “Telegram Stars,” a new in-app token for purchasing digital goods and services.
“With Telegram Stars, mini apps can now accept payments for digital services using the simplest payment method possible – in-app purchases on Android and iOS,” said Pavel Durov, the firm’s CEO, in a June 6 Telegram post.
Developers can swap their Stars for Toncoin (TON), the native cryptocurrency powering Telegram’s “The Open Network” via Fragment, a platform mostly used to buy and sell Telegram usernames.
“They can also use Stars to further promote their apps on Telegram,” Durov added. Read More
Unstoppable Domains to apply for ‘.blockchain’ domain registration
Unstoppable Domains and Blockchain.com have partnered to launch and commercialize a “.blockchain” domain name system (DNS)-enabled Web3 domain.
According to the announcement shared with Cointelegraph, the duo teamed up to register the .blockchain Web3 domain with the Internet Corporation for Assigned Names and Numbers (ICANN), the world’s authority on IP addresses and domain names.
“The new partnership will be based on the .blockchain Web3 domain, which will be submitted in time for ICANN’s hotly anticipated six-year registration program next year.”
ICANN will implement new generic top-level domains (gTLDs) by the second quarter of 2026. As a result, Unstoppable Domains and Blockchain.com have a year to prepare for the new domain’s application. Read More
AI-driven crypto crime is only just beginning — Elliptic report
Elliptic’s 2024 report exposes how AI is increasingly used for sophisticated crypto crimes, from deepfake scams to state-sponsored cyberattacks, signaling that these threats are just beginning.
The rise of artificial intelligence (AI)-driven crypto crimes marks a new era of cyber threats, with an Elliptic report exposing how advanced technologies are being exploited for deepfake scams, state-sponsored attacks and other sophisticated illicit activities.
The report cites a troubling advertisement for an “unethical” generative pre-trained transformer (GPT) on the dark web, which claims, “AI has two faces, just like humans.” 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.
