Latest Crypto Wallet News and Insights | Yellow.com

Coinbase and Ripple are updating their crypto wallets and storage solutions after Plus Wallet launched a new token listing process which reduces the timeline from weeks to 15 mins. This move by the crypto wallet has aided the growing demand for more efficiency and speed amongst crypto users. By allowing crypto companies to launch new projects at a faster rate, Plus Wallet has addressed the token listing bottleneck in the cryptocurrency market. This development aims to help crypto traders access opportunities at an enhanced speed which is ideal at this time when interests from institutional and retail investors have leaked. The rapid token listing will foster the development of more user-friendly and sophisticated tools. According to data from CoinGecko, the global cryptocurrency market cap stood at $2.63 trillion as of October 15, 2024, with over 12,000 active cryptocurrencies. The sheer volume of tokens entering the market underscores the importance of Plus Wallet's innovation, which could potentially accelerate market growth and liquidity. The crypto wallet's innovation is prompting Ripple to launch the Ripple Custody crypto storage solutions which will help fintech entities and banks to manage digital tokens in a secure way. This move signifies Ripple's expansion beyond its core XRP-based offerings and into the broader crypto custody space. A report by Grand View Research projects the global crypto custody market to reach $1.9 billion by 2030, growing at a CAGR of 23.9% from 2023 to 2030. Ripple's entry into this space positions it to capitalize on this growing market segment. Another key market player Coinbase is also ramping up its services following the rapid token listing announcement from Plus Wallet. Coinbase is launching Taproot Wallet which will support Bitcoin transactions by letting crypto users explore unique functionalities like Runes and Ordinals. This not just broadens Coinbase’s business scope it will also make way for more innovative uses within the Bitcoin ecosystem. The integration of Taproot support aligns with the growing trend of Bitcoin's use beyond simple transactions. According to data from Dune Analytics, as of October 2024, over 50 million Ordinals have been inscribed on the Bitcoin blockchain, indicating significant user interest in these new functionalities. Plus Wallet's 15-minute token listing feature along with the Coinbase Taproot Wallet and Ripple Custody collectively shows how the cryptocurrency market is changing as innovation, efficiency and speed take centre stage, making it more user-centric.

Best Wallet, a prominent Web3 wallet provider, has launched a new feature called "Upcoming Tokens". This addition allows users to participate in token presales directly through the app. A valuable feature for those early token hunters, who otherwise have to seek for miscellaneous ways to get hold of new unique offerings. The feature aims to position users as early adopters of potentially high-value projects. It complements Best Wallet's existing functionalities, which include cross-chain swaps and fiat conversions. Best Wallet recently initiated an airdrop campaign. Users can earn $BEST, the platform's native token, by completing various tasks. The company announced the launch on social media. "Introducing Upcoming Tokens! We're excited to bring you a world-first feature for crypto wallets," Best Wallet tweeted. Presale investing has gained traction in the crypto space. Early contributors often access tokens at ground-floor prices, and these investments can yield significant returns if projects succeed post-listing. Pepe Unchained ($PEPU) is currently one of the most discussed presales. The Ethereum L2-based, Pepe-themed token has raised $15 million in three months. Best Wallet users can now browse featured presales in-app. They can purchase tokens and track holdings within a single interface. However, presale tokens remain non-tradable until after the project's presale concludes. The wallet provider recently integrated with Rubic, an exchange aggregator. This move has enhanced functionality and reduced transaction costs. Rubic connects to over 200 decentralized exchanges and 20 cross-chain bridges. Best Wallet is also running a Season 1 Airdrop campaign. Users can earn $BEST tokens by completing daily challenges and seasonal tasks. These include linking accounts, voting in polls, and leaving reviews.

Ledger, the hardware wallet maker, has rolled out its new Flex wallet. It's a fresh take on their Stax model's E Ink touchscreen interface. The Flex is priced at $249. It's cheaper than the $399 Stax. The device sports a 2.8" E Ink touchscreen with 600 x 480 pixel resolution. Unlike the Stax, it doesn't have a curved screen. You can get it in two colors. There's the classic black and silver. Or you can opt for a special orange BTC Edition. Ledger's CEO, Pascal Gauthier, is pumped about the launch. "Our new secure touchscreen category will make self-custody more accessible than ever before," he said. The Flex is pretty compact. It weighs 57.5g and measures 78.40 mm × 56.50 mm × 7.70 mm. It's got USB C, Bluetooth 5.2, and NFC connectivity. The battery life is impressive too. Ledger claims it can last "weeks or even months on one charge." But here's the kicker: the Flex has Ledger's EAL 6 certified secure element. This is the heart of the device. It generates and stores private keys and powers the secure screen. Ledger's approach to secure elements is unique. They use a proprietary operating system called BOLOS. They also have a team of white-hat hackers, Donjon, who look for vulnerabilities. The Flex is part of Ledger's "Proof of You" initiative. It's their way of "securing a world that's embracing AI," they say. They've launched a new Ledger Security Key app for this. This app lets users create 2FA and Passkeys using the FIDO 2 specification. You can use it for passwordless login on sites like Google, Amazon, and crypto exchanges Binance and Coinbase. But it hasn't all been smooth sailing for Ledger. In 2021, their customer email database was hacked. Almost 300,000 users had their details exposed. Last year, they had to warn customers about a malicious version of their Connect Kit. They also faced backlash over Ledger Recover, an ID-based key recovery service. Some users weren't happy, calling it a "backdoor" on devices. Ledger insisted it was opt-in, but the damage was done.

Proton, the Swiss tech company behind ProtonMail, is taking a stab at the crypto world. They're rolling out Proton Wallet, a self-custody Bitcoin wallet. It's a bold move. The new product will be baked into ProtonMail. Users can zap bitcoin around as easily as firing off an email. No fuss, no muss. Proton's CEO, Andy Yen, is pumped about it. "Bitcoin's been held back by clunky transactions and security worries," he said. "We're tackling both head-on with Proton Wallet." Yen reckons this could be a game-changer. He claims it'll make Bitcoin transactions "as easy to use as PayPal". But here's the kicker - it'll keep Bitcoin's decentralized, non-custodial nature intact. For Proton, this isn't just business. It's personal. Back in 2014, PayPal froze their crowdfunding campaign. Bitcoin saved their bacon. "That's when we first got the power of Bitcoin," Yen reminisced. Fast forward to 2023. Credit Suisse, Proton's bank, hit the skids. Proton's Bitcoin stash? It was a lifesaver. Talk about a plot twist. Dingchao Lu, Proton Wallet's head honcho, is all in on the Bitcoin dream. "We want to cut the cord with centralized financial institutions," he declared. Lu's not just talking the talk. Proton's been hodling Bitcoin since 2016. It's paid off big time. So, how does this wallet work? Both sender and receiver need Proton Wallet. You just need an email address to send Bitcoin. Easy peasy. Proton's got some tricks up its sleeve to keep things private, too. Here's the rub: it's not using Lightning Network yet. "It's a tough nut to crack for non-custodial wallets," Yen admitted. But they're not ruling it out for the future. Right now, Proton Wallet's in early access mode. Only Proton Visionary users and some Bitcoin bigwigs can use it. But they're planning to roll it out to all Proton users down the line. Buckle up, folks. This could be interesting.

Seattle-based VivoKey Technologies is pushing the envelope in cryptocurrency storage. The company offers subdermal crypto wallets for secure transactions. These wallets use NFC and RFID technology. VivoKey's solution is a form of biohacking. It's a field that includes life extension experiments and brain-computer interfaces. Many biohackers use subdermal computer chip implants. The company's Apex wallet is the size of a pill. It secures data under the skin. "These wallets are hardware wallets meant to be used for sending cryptocurrency," says Amal Graafstra, founder and CEO of VivoKey Technologies and Dangerous Things. Graafstra explained the wallet's function to Decrypt. "Your phone app is your interface, but it doesn't have any private keys. The private key and the actual signing of the Bitcoin transaction, or the crypto transaction, is done in the chip." The Apex chip has multiple uses. It can store Bitcoin, open doors, or pay for coffee. "We have a couple of different Bitcoin and crypto wallets right now that are supported," Graafstra said. These include Satochip, Seedkeeper, and Status IM key card wallets. VivoKey and Dangerous Things launched in 2017 and 2013, respectively. They specialize in NFC and RFID technology for human implantation. The Satochip is a BIP32/39 wallet applet. It allows safe cryptocurrency storage and secure blockchain transactions. The implantation process is quick. "The Apex currently comes in a 'Flex' form factor, which is a much wider device, but very thin," Graafstra explained. A needle is used to insert the device under the skin. Graafstra's journey into biohacking began in 2005. He was inspired by RFID chips used for pets. He got his first implant to open a door without a key. "The initial impetus for getting an implant in the first place was pure laziness," he admitted. Manufacturing challenges exist. "The probably the biggest challenge is low volume manufacturing in a very high volume industry," Graafstra said. VivoKey produces batches of 2,000 to 5,000 transponders. This contrasts with millions for cards or 10,000 for animal transponders. Customers aren't put off by the price. Graafstra noted, "At the end of the day, people expect it to be expensive because it's a device that goes in your body." The implant's lifetime value justifies the cost for many users. Notable futurists have embraced the technology. Entrepreneur Briar Prestidge documented her chip implantation for an upcoming film. However, some people remain skeptical. Graafstra addressed common concerns. "The first thing they're doing is they're saying, 'I can't see a use case for me, therefore, I need to come up with a reason not to get one.'" He emphasized that the chip is not a tracker. The CEO highlighted the wallet's benefits. "The reality is you're owning a very secure, effective hardware wallet that you never lose, you can't forget, right under your skin." He also noted that the implant is removable and replaceable. VivoKey's subdermal wallets represent a bold step in cryptocurrency security. As digital assets evolve, such innovative storage solutions may become more commonplace. The intersection of biohacking and finance continues to push boundaries in unexpected ways.