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Coinbase Launches ‘Smart Wallets’ in Bid to Simplify Crypto Onboarding
On June 5, 2024, Coinbase introduced its “smart wallets” campaign, calling it a “new era” in crypto wallets. According to the firm, smart wallets promise a hassle-free transition to blockchain operations by integrating with leading applications and supporting multiple networks including Ethereum and Base. Coinbase claims the new product reduces the typical barriers such as network fees and recovery phrases.
Instead of relying on a traditional seed phrase, Coinbase’s smart wallet system utilizes passkeys. These passkeys, mainly used on smartphones and other devices, employ public key cryptography to bolster security and simplify the login experience. The smart wallets allow for the immediate creation of wallets and feature capabilities such as direct payments from Coinbase balances, addressing the frequent problem of insufficient funds during transactions. Read More
Tether, Nodo Partner to Drive Stablecoin and Bitcoin Education in Africa
The stablecoin issuer Tether and the Web3 growth partner firm Nodo have announced a collaboration to promote stablecoin and bitcoin (BTC) education in Africa. Tether will leverage this collaboration to educate prospective African users about the use cases of stablecoins and facilitate transactions with USDT.
In a statement released on June 6, the stablecoin issuer and Nodo expressed their focus on providing educational content, materials, and quizzes to Africa’s technology-savvy youth. The six-month campaign will include Ask Me Anything (AMA) sessions, workshops, and question-and-answer sessions with crypto experts on social media.
Shogo Ishida, Co-founder of Nodo, emphasized their ultimate objective: matching Africa’s financial exclusion gap with that of more developed countries. Read More
Charles Hoskinson Blasts Media’s Negative Portrayal of Cardano’s Prospects
In a sharp rebuke this week, Hoskinson accused the media of wrongly predicting the downfall of the blockchain network and affirmed that the ecosystem is here to stay.
Hoskinson highlighted the significant advancements made by Cardano over the years and outlined a major hard fork in the offing, which he described as the most significant in the project’s history.
He pointed to the rapid growth of community DApps, Cardano’s role in scaling research and development, and the importance of upcoming events such as Rare Evo, the Foundation Summit, and Token 2049.
He also noted the maturation of technologies like Hydra, the development of partner chains, initiatives like Midnight and Prism, and numerous community events, including Catalyst and the constitutional convention in Argentina. Read More
Kraken Is Targeting An IPO Next Year: Report
If Kraken were to follow through, it would become the second publicly traded pure-play crypto exchange in the world after Coinbase, its larger rival.
The supposed plans are a response to investor inquiries on the matter fueled by the crypto market rally in recent months, which has boosted trading volumes from which exchanges like Kraken generate profit.
Two of the people contacted said Kraken would raise the money in a “pre-IPO round” with the intention of completing it by the end of the year.
An IPO could be completed as soon as next year, the people said, after Kraken can find a “marquee” company to join its board. Only verbal discussions have occurred regarding terms and valuations without any formal documentation, one person said.
“We are always exploring strategic paths toward Kraken’s Mission: accelerating the global adoption of crypto,” said Kraken, declining to comment specifically on fundraising or IPO matters. “We remain fully focused on investing in this goal.” Read More
A New Wave Of Customer Acquisition Coming To Markethive
Implementing a customer acquisition strategy is vital for any business looking to expand its customer base and foster long-term relationships with potential clients. This process involves attracting and nurturing leads until they are ready to purchase and ultimately converting them into loyal customers. A well-defined customer acquisition strategy helps businesses attract suitable leads and increases their chances of long-term retention.
This article delves into the significance of customer acquisition, its purpose, and practical strategies for achieving it. However, what sets it apart is the exploration of Markethive's role as a customer acquisition channel. Markethive is not just a platform; it's a specialist that helps businesses accomplish this crucial objective. Businesses can significantly enhance their customer acquisition efforts by understanding and utilizing Markethive's unique features. Read More
Crypto hacks increase in 2024, but smart contracts not to blame
Smart contracts are no longer the biggest concern, as hackers are vying for easier targets, such as private key leaks.
Cryptocurrency hackers and exploiters might be poised for a more successful year in 2024, potentially surpassing their achievements in 2023.
In the first quarter of 2024, hackers stole digital assets valued at $542.7 million, a 42% increase compared to the same period in 2023.
The primary reason for this is hackers continually shifting their attack vectors and looking for easier targets, according to Mriganka Pattnaik, co-founder and CEO of crypto risk and intelligence platform Merkle Science.
Pattnaik told Cointelegraph:
“While smart contract vulnerabilities remain a concern, hackers increasingly target areas outside smart contracts, like private key leaks. These leaks, often due to phishing attacks or insecure storage practices, have led to significant losses.” Read More
Friend.tech’s plan to develop own blockchain leaves users confused
Decentralized social media platform Friend.tech has announced it will be teaming up with Conduit to develop its own blockchain, Friendchain.
Decentralized social media platform Friend.tech — built on Coinbase layer-2 network Base — has announced plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask why.
“No hate, just a genuine question, What is the value proposition of a social-focused chain?” crypto trader Dr. Kojipup asked in reply to Friend.tech’s June 8 announcement on X, explaining that it will be working with crypto infrastructure startup Conduit to develop and transition onto its own blockchain. Friend.tech added that it will use its native token, FRIEND, as a “fully transferable gas token.”
“Why do you need a blockchain?” added pseudonymous crypto commentator ox0, while Pop Punk, co-founder of gas-auditing firm Gaslite, commented, “why.”
Meanwhile, others voiced concerns about whether it would mean the gas fees would be higher compared to those on Base — often referred to as a “low-cost” Ethereum layer-2 solution. Read More
What are validiums, and how do they work?
Validiums are a layer-2 scaling solution designed to optimize Ethereum’s performance by processing transactions off-chain.
Validiums are primarily responsible for reducing the load on the Ethereum blockchain by processing the majority of transactions off-chain and only sending concise proofs to the mainnet for verification. The off-chain transaction processing approach significantly boosts throughput and reduces congestion on the main network, resulting in a more efficient and cost-effective Ethereum experience.
With this approach, the security and integrity of transactions are preserved through recurring validity proofs that are verified on-chain, even when most of the data is handled off-chain. By validating the accuracy of the off-chain computations, these proofs ensure that the state transitions follow Ethereum’s guidelines.
Validiums provide considerable scalability and transaction speed improvements by offloading transaction data from the mainnet. This is especially advantageous for high-throughput systems and decentralized apps (DApps). Read More
Buying a house with Bitcoin in 2024: Here’s how it works
Crypto users can secure their gains with legal compliance by converting volatile digital assets into stable real estate.
Aiming to transform digital assets into stable investments worldwide, TEKCE Real Estate offers crypto users legal compliance and tax advantages in real estate transactions.
When investing in the crypto market, noticing trends early can make a significant difference. Although bull markets tend to last longer than bear markets, a clever strategy against unexpected declines would be to realize crypto positions to secure gains.
Trading and investment experts usually agree on the advantages of diversifying investment portfolios rather than putting all eggs in one basket. Therefore, investors looking to secure gains might consider temporarily moving their assets into precious metals or cash.
Alternatively, converting volatile digital assets into tangible properties — such as real estate — can help investors seeking long-term security and stability protect their wealth from potential market uncertainty. 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.
