Elon Musk’s Harsh Take on Hosted Crypto Wallets – Here’s the Flip Side of the Coin

Elon Musk is known for his provocative statements.

Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction

New data by on-chain data provider Glassnode reveals that despite the current price correction, Ethereum addresses holding more than 1 ETH have hit a monthly high of 1,175,408.

Avoid hosted crypto wallets 'at all costs,' warns Elon Musk

One crypto wallet provider’s marketing interaction with Elon Musk has backfired with the Tesla CEO roundly criticizing the company. Freewallet, a hosted crypto wallet service known for offering standalone storage services for cryptocurrencies has seen its marketing attempt rebuffed by Elon Musk. Responding to Freewallet’s self-promotional message, Musk retorted: Any crypto wallet that won’t give you your private keys should be avoided at all costs— Elon Musk (@elonmusk) February 10, 2021 Hosted crypto wallet platforms like Freewallet are often targets for criticism over the storage of their user’s private keys. This policy flies in the face of the “not your keys, not your coins” ethos propounded by cryptocurrency purists. By storing private keys on third-party platforms, crypto owners run the risk of rogue actors gaining access to this sensitive bit of information and compromising their wallets in the process. Freewallet for its part has responded to the negative views espoused by the wallet's critics.

Apple Should Launch Own Crypto Exchange, RBC Analyst Says

Analysts at the largest bank in Canada noted that after PayPal and Square’s crypto offerings, the market for tech firms creating crypto wallets has already been validated.

Meet the Technician Who Unlocks Your Forgotten Crypto Wallets

It’s a bitcoin bull run and you've forgotten the password to your wallet.

Visa Could Add Crypto to Its Payments Network, Says CEO

While the financial services giant already partners with crypto wallets, the next step would put Bitcoin on equal footing with the 160 fiat currencies on Visa’s network.

Coinbase Dev: Crypto Wallet Users Should Update Their iPhones

Latest vulnerabilities found in Apple’s iOS could potentially compromise mobile crypto wallets.

Joe Biden Freezes FinCEN’s Crypto Wallet Rulemaking — US Crypto Regulations Under Review

New US President Joe Biden has frozen all agency rulemaking, including the proposal by the Financial Crimes Enforcement Network (FinCEN) relating to cryptocurrency wallets.

Privacy Groups Try to Halt Spread of FinCEN Crypto Surveillance

The Blockchain Association, Coin Center, EFF, and Fight for the Future are united against a proposed FinCEN rule regulating transactions to crypto wallets.

This Elusive Malware Has Been Targeting Crypto Wallets for a Year

With custom domains and apps, advertising and a social media presence, the ElectroRAT malware operation targeting crypto wallets is extensive.

Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says

In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive.

FinCEN Self Hosted Wallet Proposal Draws Fire From Crypto Exchanges

The CEO and Co-founder of Coinbase, Brian Armstrong, was the first to mention rumors of a clampdown on self-hosted crypto wallets.

Privacy Advocates React to Proposed FinCEN Rules

A new proposal for regulating private crypto wallets may infringe on civil liberties, argue analysts.

US Treasury to Apply Bank Secrecy Act Rules to Crypto Wallets

FinCEN, a bureau of the US Treasury, has proposed requiring banks and money service businesses to record transactions to private cryptocurrency wallets.

How Upcoming Crypto Wallet Restrictions Will Affect You

The US Treasury is expected to impose transaction reporting restrictions on self-hosted crypto wallets soon.

Crypto Wallets Holding more than 1,000 Bitcoins Hit an All-Time High

New data by Glassnode reveals that the number of BTC addresses holding at least 1,000 coins has broken the record at 2,305.

Russian MPs Seek to Drive E-Pay and Crypto Further Apart with New Bill

Russia’s parliament, the State Duma, is set to vote on a bill that could inadvertently clarify the difference between e-pay wallets and crypto wallets.

US Lawmakers Caution Against Regulations Restricting Use of Self-Hosted Crypto Wallets

Four US lawmakers have sent a letter to Treasury Secretary Steven Mnuchin, warning of the risks of restricting the use of self-hosted cryptocurrency wallets.

Vitalik Buterin Warns Current Crypto Wallets Are Not Ready for Mainstream Adoption

The cofounder of the world’s second-largest cryptocurrency, ethereum, warned about crypto wallet vulnerabilities, claiming the tools are not ready for widespread adoption and encouraged to open more discussions on security matters.

Congresspeople tell Treasury to back off of rumored self-hosted wallet ban

Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved. Several members of Congress have voiced opposition to a rumored blockade on self-hosted crypto wallets in the works at the US Treasury. In a Dec.

Chainlink Whales are Growing as LINK Investors Increase, according to Santiment Study

New data by Santiment reveals that crypto wallets holding at least 1,000 Chainlink (LINK) grew by more than 445 in November.

Industry Pros Weigh In on Rumors of New Crypto Wallet Regulations

From shorter consultations to insider comments, recent rumors about US regulation of private crypto wallets have some compelling context.

Coinbase CEO Says US Treasury May ‘Rush Out’ Rules on Private Crypto Wallets

Coinbase CEO Brian Armstrong is warning crypto asset owners about legislation cracking down on self-hosted crypto wallets that may be hastily introduced in the Trump administration’s final days.

Crypto Wallets Holding More Than 1 ETH Break the Record as Ethereum Surges Past $500

New data from Glassnode reveals that crypto wallets holding more than one Ethereum (ETH) have hit a record high of 1,170,598 addresses.

Crypto Wallets Holding More Than 10,000 Bitcoin Hit a 2020 Record High

Santiment revealed that crypto wallets holding at least 10,000 BTC have reached a record high of 111 in 2020, indicating positive sentiment from Bitcoin whales.

Square Wants Less Technical User-Friendly Cryptocurrency Wallets

Square Crypto, the cryptocurrency arm of the online payment service provider Square Inc is set to fund the development of crypto wallets with enhanced UX.

Square Funds Designer to Make Crypto Wallets Usable by Anyone

Maggie Valentine was awarded the grant to help make bitcoin wallets usable by anyone.

Payments Giant Square Backs Effort to Make Crypto Wallets Less Complicated

Financial services company Square is on a mission to make crypto wallets less complicated.

Whales Move $319,000,000 Million in Bitcoin, Ethereum and XRP As Crypto Markets Rebound

Some of the biggest crypto wallets in the world, owned by unknown entities called whales, are moving millions in Bitcoin (BTC), Ethereum (ETH), and XRP as the markets recover.

Russia’s new crypto laws require users to report their wallets

Russia’s Ministry of Finance has prepared a new version of Russia's laws that introduce stringent measures regarding the usage of crypto wallets, a local media outlet RBK, reported today.

Russia Proposes up to 3 Years of Jail for Undeclared Crypto Wallets

Russia’s Finance Ministry has prepared a new bill that would force crypto holders to declare their wallets—or face fines and even jail.

Microsoft warns digital currency owners to be aware of new malware

Windows users must be wary. In a tweet, Microsoft Security Intelligence (MSI) warned cryptocurrency owners who are also Windows users on August 27 that their funds in crypto wallets might be in danger because of a new malware. The new malware, called Anubis, seems to use code forked from Loki.

3.5 Million Crypto Wallets Downloaded in July, Active Users up 110% in the Year

A record 3.5 million crypto wallet app downloads were recorded in July 2020, representing an increase of 81% when compared to the same period last year.

Researchers Find Bugs that Could Expose Crypto Wallets on Exchanges

Security experts said they have unveiled a number of vulnerabilities in the open-source libraries used by numerous crypto exchanges and financial institutions – which could be exploited by hackers looking for a way into users’ wallets. At a recent Black Hat cybersecurity conference, experts said that some of the issues that affected exchanges have now been fixed –

One of the Largest Bitcoin Whales on Record Just Transferred $156,000,000 in Crypto

A giant Bitcoin (BTC) whale just emptied one of the richest crypto wallets in existence.

Opera’s Built-In Crypto Wallets Have 170K Monthly Active Users

The Norwegian browser maker has disclosed its crypto wallet user numbers for the first time.