Dutch Bank ABN AMRO Abandons Wallie Custodial Bitcoin Wallet Citing Risk Concerns

Dutch bank ABN AMRO abandoned its plans to launch a custodial bitcoin (BTC) wallet dubbed “Wallie” because of risk concerns, according to a report published on May 20 by tech news outlet The Next Web. Per the report, the bank’s senior press officer, Jarco de Swart, said in an email to the outlet that the bank decided not to continue its plans after it “concluded that cryptocurrencies because of their unregulated nature are at the moment too risky assets for our clients to invest in.” The rumors concerning alleged tests…

Opera Web Browser Crypto Wallet Launches Support for Tron, TRC-Standard Tokens

Web browser Opera has added support for tron (TRX) and TRC-standard tokens to its built-in crypto wallet, according to a press release shared with Cointelegraph on May 15. Last year, Opera first developed crypto wallet and Web 3.0 capabilities for its Android browser, launching the product in December 2018 with support for ether (ETH) and interactions with decentralized applications (DApps). “Web 3” is a term that was initially coined to refer to efforts to develop a semantic internet, and is increasingly used to refer to the evolution of a more…

HTC’s Blockchain Phone | Native Crypto Wallet Now Available

According to CoinTelegraph, HTC’s blockchain phone, Exodus 1, now allows users to trade cryptocurrency directly from the phone’s native crypto wallet. The Taiwanese technology giant made the announcement early on Tuesday. Exodus 1 Blockchain Phone – Native Wallet Trading HTC’s Zion Vault will now allow swaps between various cryptocurrencies. The new feature is the result of a partnership with Kyber Network—a dedicated platform for cross-token trading solutions. HTC has added Kyber’s liquidity protocol and this allows easy swaps. The swapping pairs include Ethereum-based ERC-20 tokens, including basic attention token (BAT), Kyber…

Crypto Wallet Secures $50 Million Insurance for Customer Crypto Assets

Crypto securities company Curv has partnered with insurance company Munich Re to obtain $50 million in coverage, according to a Curv press release on May 10. This new insurance is designed to cover any cases in which a bad actor was able to gain access to either Curv or the customer’s shares, both of which would be needed in order to sign off on an illicit transaction. As is stated in the press release: “Even in an extreme scenario where both networks’ shares were somehow simultaneously compromised and a transaction…

Coinbase Wallet Adds Support for Dogecoin to Wallet App

American major cryptocurrency exchange Coinbase has added support for Dogecoin (DOGE) to its crypto wallet service Coinbase Wallet, according to an announcement published on May 1. The announcement states that users can now store DOGE directly in the Coinbase Wallet app. The coin thus joined other digital currencies —  bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), ethereum classic (ETC), Ripple (XRP), Stellar Lumens (XLM) —  already supported by the wallet. The wallet also supports the DOGE Testnet. DOGE was initially invented in 2013 as a joke currency, the logo of…

Ledger Provides Secure Wallet Management Solution to Regulated Canadian Crypto Exchange

French hardware wallet producer Ledger is set to provide its secure crypto infrastructure solution to regulated Canadian crypto exchange National Digital Asset Exchange (NDAX), according to a press release shared with Cointelegraph on April 29. NDAX — which offers crypto asset trading services for both retail and institutional clients — will use Ledger’s institution-grade wallet management solution, dubbed Ledger Vault. Ledger Vault provides a multi-authorization governance infrastructure for crypto assets, and has been designed with enterprise and institutional custodian and asset managers’ needs in mind, according to the press release.…

Crypto Wallet Startup Ledger Detects Phishing Malware Targeting Desktop App

Hardware cryptocurrency wallet manufacturer Ledger has detected malware targeting its desktop application, according to a tweet on April 25. Ledger warned its users that the malware locally replaces the Ledger Live desktop app with a malicious one, and advised to follow security practices published on its blog. The company’s Twitter announcement specifically reads: “WARNING: we’ve detected a malware that locally replaces the Ledger Live desktop application by a malicious one. Users of infected computers are asked to enter their 24-word recovery phrase after a fake update.” In the comments to…

KuCoin Exchange Blocks Crypto Wallet Allegedly Involved in RChain Token Scam

Singapore-based crypto exchange KuCoin has blocked a crypto wallet that is allegedly involved in a recent RChain (RHOC) token scam, RChain wrote in a blog post on April 26. RChain, the blockchain firm behind RHOC coin, informed its users that the company suffered a scam involving an escrow transaction containing counterfeit money. In the apparent deal, RChain was set to send 11 million RHOC tokens to its partners who expressed an interest in putting money into an escrow account. Once the money was in escrow, RChain sent RHOC tokens to…

Bitfinex Withdraws $89 Million From Cold Wallet as Users Signal Exodus Over Legal Debacle

Cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet, blockchain data reported by cryptocurrency news outlet The Block confirmed on April 26. Bitfinex, which has the same owner as USD stablecoin Tether (USDT), has not publicly explained the reason for the withdrawals, which come as both companies face a fresh debacle over potentially missing funds. Over roughly the past 12 hours, Bitfinex has moved large amounts of bitcoin (BTC) and ether (ETH) from its wallets to unknown addresses, along with smaller amounts of other coins…

Hamas’ Militant Wing Using Multiple BTC Wallet Addresses to Elude Authorities

The militant arm of Hamas — the de facto ruling authority of the Gaza Strip in Palestine — is reportedly using increasingly complex measures to frustrate authorities’ attempts to track the flow of its cryptocurrency financing. The claim has been made by researchers from blockchain intelligence firm Elliptic, as reported by Reuters on April 26. As Cointelegraph previously reported this January, a spokesman for the group’s military wing had called upon supporters to make donations to the organization in bitcoin (BTC) as a strategy to combat financial isolation. Hamas’ financial…