Tag Archives: Wallet

Ethereum Wallet Pays Nearly $575,000 in Fees to Transfer $25 in ETH

Ethereum Wallet Pays Nearly $575,000 in Fees to Transfer $25 in ETH

Strange things occur in the cryptocurrency market. Prices spike following negative news, and positive news is met with a strong sell-off. Cryptocurrency exchange founders are accused of faking their own deaths and making off with their customer’s assets. But not much is stranger than seeing someone pay over $300,000 in fees to send a mere fifteen bucks worth of Ether. Recent transactions have been discovered on the Ethereum blockchain that show a transaction for 0.1 Ether, valued at approximately $14.80 at the time the transaction was sent […]

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Coinbase Cryptocurrency Wallet Introduces Cloud Storage for Private Keys

Coinbase Cryptocurrency Wallet Introduces Cloud Storage for Private Keys

The popular cryptocurrency exchange Coinbase has launched a new feature for its stand-alone digital asset wallet. The software will offer users the ability to back up their private keys using either Google Drive or iCloud. The idea is to give users of the Coinbase Wallet a safety net in the event that they lose access to the device upon which the software is installed or happen to misplace their private keys somehow. However, some in the cryptocurrency community have highlighted that the saving of private keys on […]

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US-Based Tech Company Sheds Light Into Alleged Attack of its Crypto Wallet

US-Based Tech Company Sheds Light Into Alleged Attack of its Crypto Wallet

Tech Startup Reveals Details Regarding Previous Attacks, Releases Various Updates U.S.-based tech company Bitfi witnessed scrutiny following the launch of its hardware wallet and bounty program. After being implicated in a dispute on social media where several hackers and security professionals claimed they hacked the Bitfi wallet, the company has shed light into the event and has released a new model DMA-2. These security professionals discovered a vulnerability wherein the private key remained in memory for some time which was not ideal, according to Bitfi.  The company […]

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Crypto Wallet Says It Offers ‘World’s Fastest Bitcoin Transfer’ as New Feature Launches

Crypto Wallet Says It Offers ‘World’s Fastest Bitcoin Transfer’ as New Feature Launches

A crypto company claims it is offering “the fastest Bitcoin transfer in the world” after adding a brand-new service to its crypto wallet. SovereignWallet says its platform offers banking-grade features to protect user assets, all the while ensuring that completing transactions is as simple as “sending a text.” Until now, those who use Ethereum, ERC20 tokens and the company’s own utility token – MUI – have benefited from a system where they can send crypto to their friends simply by clicking on their profile – directly from […]

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Bitcoin Philanthropy: Indian School Girl Receives Loaded Ledger Wallet

Bitcoin Philanthropy: Indian School Girl Receives Loaded Ledger Wallet

With the explosion of Bitcoin’s price over the last few years, a lot of early believers suddenly found themselves with more money than they knew what to do with. This has often resulted in tremendous acts of charity from the community. The latest involves a pseudonymous Twitter user who was the winner of a Binance Academy competition. The prize was a custom Ledger Nano hardware wallet, which the receiver has loaded up with various cryptos and gifted to a young girl from India. Binance CEO Commends Bitcoin […]

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