Latest Crypto Wallet News and Insights | Yellow.com

Shiba Inu fans are worried. There's trouble brewing in the crypto world again. A new wallet scam is targeting Shiba Inu community. It's a nasty one, and you need to stay sharp to avoid falling victim. We know about it thanks to Shibarmy Scam Alerts, an X (formerly Twitter) account dedicated to exposing scams within the SHIB community. On June 8, the scam tracker issued an urgent warning about a new wallet scam targeting SHIB token holders. Most of these malicious sites are typically distributed within different social media platforms such as X, discord, telegram and more. So, what’s the deal? Scammers are luring in Shiba Inu holders with promises of juicy rewards. These rewards come at a steep price – your SHIB tokens. It’s a classic bait-and-switch. The scam works like this: you receive a message or see a post about a special wallet that offers incredible benefits. These malicious attackers claim that users need to connect their wallet accounts to collect rewards or resolve technical issues involved with liquidity pools. The wallet connection tools also deceive SHIB holders into thinking that connecting their wallets via certain links is necessary for syncing with the Shiba Inu network Too good to be true? Exactly. These wallets are designed to steal your tokens. Once you transfer your SHIB, it’s gone. How can you avoid it? First, be skeptical of too-good-to-be-true offers. If someone’s promising the moon, they’re probably after your tokens. Always double-check the source. Official channels are your best bet. And, of course, official wallets and those with established reputation are the best choice. Next, safeguard your wallet info. Never share your private keys or seed phrases. Not with anyone. Legit platforms will never ask for this info. Remember, if you lose control of your keys, you lose control of your tokens. Also, stay updated with community alerts and news outlets. Follow trusted sources (like, yellow.com) and keep an eye on the latest news. If there’s a scam making rounds, you’ll hear about it. Knowledge is power in the crypto world. Lastly, help spread the word. Tell your fellow Shiba Inu enthusiasts about this scam. The more people know, the harder it becomes for scammers to succeed.

Coinbase has launched its new Smart Wallet, a product designed to streamline on-chain activities. This is a significant move to broaden its influence in the cryptocurrency world. A key feature of the Smart Wallet is its enhanced security measures. The goal is ambitious: to onboard 1 billion users. The Smart Wallet aims to provide users with a more intuitive and secure way to interact with decentralized applications (dApps). By simplifying these processes, Coinbase hopes to attract a broader audience. The wallet is not just about storage; it's a gateway to a more integrated crypto experience. Coinbase's CEO, Brian Armstrong, emphasized the importance of this launch. He stated that the Smart Wallet is a crucial part of Coinbase's mission to increase global economic freedom. The goal of 1 billion users is not just a target but a vision for the future of the blockchain ecosystem. The introduction of the Smart Wallet also comes at a time when the competition in the crypto wallet space is heating up. Rivals like MetaMask, Trust Wallet and Yellow Wallet have set high standards. However, Coinbase's integration with its existing suite of services could provide a competitive edge.

Bitcoin miner addresses dormant for 11 years have suddenly transferred $7 million in BTC. On-chain data reveals that these long-inactive wallets moved approximately 277 BTC recently. This activity has raised eyebrows in the crypto community, considering the prolonged inactivity. The wallets, believed to be linked to early Bitcoin mining activities, had been untouched since their creation. Analysts are speculating about the reasons behind this sudden transfer. Some suggest it might be related to increased Bitcoin prices or upcoming regulatory changes. Blockchain data firm Arkham Intelligence highlighted this significant movement. The firm noted that such transfers are rare and often linked to early adopters or miners deciding to liquidate their holdings. This movement could impact market sentiment, given the substantial amount involved. Market watchers will be closely monitoring any further activity from these addresses. The crypto community remains abuzz with theories and implications of this transfer, with many wondering if more dormant wallets will follow suit.

Mastercard has taken a significant step in simplifying cryptocurrency transactions by launching the Crypto Credential feature. This new system allows users to send and receive cryptocurrency using a username instead of a complex wallet address. The feature aims to make blockchain transactions more accessible and user-friendly. The initial roll-out includes live transactions on Bit2Me, Lirium, and Mercado Bitcoin exchanges, focusing on the Latin American and European markets. Leif Ferreira, CEO of Bit2Me, highlighted the deepening alliance with Mastercard, emphasizing their shared commitment to innovation in crypto payments. Under the new system, exchanges verify users according to Mastercard’s standards. Verified users then receive a unique alias for transactions. When a user sends funds, Mastercard Crypto Credential ensures the recipient's alias is valid and supports the specific digital asset, reducing the risk of transaction errors. Walter Pimenta, Mastercard's EVP of Product and Engineering for Latin America and the Caribbean, noted that this feature boosts safety and trust in blockchain transactions. It ensures users only engage in verified and supported transfers, fostering confidence in digital asset exchanges. Initially, a select group of crypto wallet users will access this feature on a first-come, first-serve basis. Over the next few months, Mastercard plans to expand availability to over 7 million users across participating exchanges. This move underscores Mastercard’s continued investment in blockchain technology and its commitment to providing secure, simple, and reliable payment solutions. As interest in digital assets grows, Mastercard's Crypto Credential is poised to enhance the user experience and trust in the crypto ecosystem.

On May 24, 2024, OSIS was officially listed on Yellow Wallet Polygon chain and https://osis.neodax.app/. Following the listing week, the trading competition will also start on Yellow Terminal, with big prizes to win. Visit the link to start trading and participate in the competition. This is the second listing on Yellow Wallet; the first token launch saw over 2000 users trading over $400k volume, with over 1500 winners splitting $15,000 in rewards.