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Ledger and Coinbase Partnership Elevates Crypto Wallet Security
Coinbase and Ledger have collaborated to enhance crypto security and user experience by integrating Coinbase Pay into Ledger Live. This partnership allows users to buy and transfer crypto with unparalleled ease and security, directly from desktop or mobile devices.
Ledger, a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications, has partnered with Coinbase, one of the largest cryptocurrency exchanges in the United States. This collaboration aims to streamline the process of purchasing cryptocurrencies and transferring assets from exchanges into self-custody wallets. By integrating Coinbase Pay into Ledger Live, users are now offered a seamless method to buy and manage their crypto assets directly from desktop or mobile devices, enhancing both security and convenience.
The integration of Coinbase Pay into Ledger Live marks a significant milestone in the pursuit of greater security and user autonomy in the cryptocurrency space. It allows users to transfer and transact cryptocurrencies without compromising on security, addressing a critical need for safer and more efficient asset management in the digital age. This partnership is not just about facilitating transactions; it's also about empowering users to take control of their digital assets in an environment where security breaches and fraud are all too common. Read More
Quant granted US patent for chronologically ordering blockchain transactions
Distributed ledger technology (DLT) service provider, Quant, has secured a new patent from the United States Patent and Trademark Office.
The patent, titled ‘Blockchain Communications and Ordering’, recognises that Quant has invented a unique method for chronologically ordering transactions from different blockchains.
Having also secured a patent from the Japanese Patent Office last year, this represents another significant milestone in Quant’s ongoing mission to make distributed ledger technology simple, trusted and future-proof.
Prior to Quant’s research and development, different ‘block times’ (the average time taken to generate a new block) across blockchains meant that finding a definitive transaction ordering method over multiple blockchains, that a consortium could agree on, was a disjointed and inconsistent process. This hindered firms from integrating multi blockchain-based projects into existing systems or using more than one type of blockchain in their operations. Read More
What are Bitcoin escrow services, and how do they work?
Escrow services are essential to ensuring safe and open transactions in the world of cryptocurrencies.
During a cryptocurrency transaction, an escrow service serves as a reliable intermediary, protecting the interests of both the seller and the buyer. When two parties trade, the escrow service holds the agreed-upon cryptocurrencies or valuables until certain requirements are satisfied. This lowers the risk of fraud or default, which instils confidence in all parties involved.
Smart contracts, widely employed in cryptocurrency escrow services, automate the process and eliminate the need for a central authority by transferring assets automatically when certain conditions are satisfied. This technique helps to ensure a reliable and secure transaction environment, which contributes to the broader acceptance of digital assets and fosters confidence in the decentralized character of cryptocurrencies. Read More
White hat crypto hackers unite to create crime fighting collective
Security Alliance was spearheaded by the head of Paradigm security and offers good hackers the chance to work with companies according to preset rules.
The crypto community is applauding the launch of Security Alliance, a nonprofit registered in the United States intended to provide support for “white hat” hackers capable of recovering funds from exploiters. The initiative unites a team of blockchain security specialists headed by samczsun, head of security at crypto venture capital firm Paradigm.
The new organization was made public on Feb. 14. According to its website, Security Alliance has three projects underway. There is a hotline to request help with a security response and a war games component to help prepare developers for security risks. Read More
Staying ahead of the curve is crucial in the dynamic and ever-changing business world. In the modern business landscape, innovation and technology act as guiding forces, shaping how companies engage with their audiences and forge connections. In this era of constant evolution, a powerful synergy has emerged between two groundbreaking concepts: inbound marketing and blockchain technology. This convergence is rewriting the rules of engagement and presenting companies with unprecedented opportunities to carve out a competitive edge.
Gone are the days when traditional marketing methodologies ruled the roost. The one-size-fits-all approach of old-school marketing campaigns is gradually being replaced by a more interactive, personalized, and customer-centric approach. Inbound marketing is not just a strategy; it's a philosophy that revolves around attracting, engaging, and delighting customers by delivering valuable and relevant content. It's about creating a genuine connection with your audience, addressing their pain points, and offering solutions that resonate personally.
Amidst this transformative landscape, a standout player emerges: Markethive. This innovative ecosystem stands at the crossroads of the inbound marketing revolution and the blockchain evolution. Markethive's unique proposition lies in its ability to seamlessly fuse the principles of inbound marketing with the cutting-edge potential of blockchain. By doing so, it offers a comprehensive system that empowers businesses to connect with their target audience and build lasting relationships based on trust and transparency. Read More
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Coin Metrics research shows BTC and ETH are immune to 51% attacks
New research from Coin Metrics found that 51% and 34% attacks on Bitcoin and Ethereum are no longer possible from nation-state attackers if their goal was to destroy the blockchains.
It is no longer viable for nation-states to destroy the Bitcoin and Ethereum networks via 51% attacks due to the astronomical costs required to do so, according to the latest research from crypto intelligence firm Coin Metrics.
A 51% attack refers to a malicious actor owning more than 51% of the mining hash rate in a proof-of-work system (such as Bitcoin) or 51% of staked crypto in a proof-of-stake network (like Ethereum). Attackers could theoretically use this power to alter the blockchain, like prevent new transactions from gaining confirmations or reverse transactions to double spend tokens, for example, which would destroy the network by eroding trust.
In a Feb. 15 report, Coin Metrics researchers Lucas Nuzzi, Kyle Waters and Matias Andrade argued that there are no longer viable ways for a nation-state attacker to continuously run an attack given the current cost of capital and operational expenses to achieve 51% control. Read More
Klaytn, Finschia blockchains merge, with new foundation to form in Abu Dhabi
The blockchains have their origins in Japanese and South Korean messaging systems, but they are looking to become Asia’s biggest Web3 ecosystem.
The Klaytn and Finschia blockchains will merge following overwhelming support for the measure from governance members. The blockchains’ foundations plan to launch an integrated mainnet that will be Asia’s biggest Web3 ecosystem, they claim.
Governance members of South Korea-based Klaytn passed the merger proposal, with 90% of members voting in favor. At the Abu Dhabi-based Finschia, support reached 95%. The foundations will now set up a joint task committee to merge the chains and the foundations in the second quarter of the year. The transition is being called Project Dragon.
The merger was proposed in January and was rejected by 99% in its first vote later that month. A new version of the proposal was introduced on Feb. 5.
The integrated foundation will be based in Abu Dhabi and have an equal number of directors from both current chains. The new network will form a large ecosystem: Read More
Kraken Starts Requiring Info on Self-Custody Crypto Wallet Ownership in the UK
Kraken, a leading U.S.-based cryptocurrency exchange, is ramping up its oversight of self-hosted wallet transactions. Kraken would be requiring to identify the data of the self-custody wallets that have transacted with addresses of the exchange in the U.K., according to an email made public on X by James Van Straten, lead analyst of Cryptoslate.
The email sent to an undisclosed customer states that Kraken is required by U.K. regulations to “maintain up-to-date information about our clients and their account activity regarding self-custody wallets,” which are the ones where only the owner has control of the private keys that provide access to the funds.
In the email, confirmed as legitimate, Kraken requires confirmation of the ownership of the self-custody wallet used to make transactions to and from the exchange wallets. In opposition, if the self-custody wallets used to transact are not under the control of the customer, Kraken requires the name and the residential addresses of the ones controlling these addresses. Read More
Uniswap v4 to launch in Q3 following Ethereum’s Dencun upgrade
Uniswap Foundation shared a tentative date for the deployment of v4 of the decentralized exchange following the upcoming Ethereum Dencun upgrade.
The Uniswap Foundation — the organization supporting the decentralized finance (DeFi) protocol Uniswap — announced the launch date to the protocol’s v4 after the upcoming Dencun upgrade on Ethereum.
In a post on X, the foundation shared a roadmap containing its plans for the new rollout. The organization highlighted that, at the moment, it is in the “Code Freeze” phase, where it is doing core code completion, testing, gas optimization, security enhancements and finalization of the periphery.
Following this, the Uniswap Foundation team will rely on audit firms and a community audit contest to check v4’s code. The team believes Uniswap v4 should be the “most rigorously audited code ever deployed on Ethereum.” Simultaneously, the decentralized exchange will be deployed to the testnet as the team makes final adjustments. 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.
