User safety and product security are hallmarks to both MetaMask and MyCrypto, said Taylor Monahan, founder and CEO of MyCrypto, speaking with CoinDesk. Security, he said, is of increasing importance as the ecosystem grows and a more diverse range of people enter the crypto space. “We want to make sure that everyone has a good experience with cryptocurrency. Namely, not losing all of their crypto.” Source
Phantom also revealed that it now has 2 million active users on its platform within six month. Developers of the Solana Web3 wallet app, Phantom, have announced that they raised $109 million in the second series of funding ed by Paradigm. This elevates the company into a unicorn status with a $1.2 billion valuation. This new funding round continues Phantom’s mission to expand into other blockchains. Speaking on this development, CEO Brandon Millman revealed that Solana Phantom wallet’s intention was to support the Ethereum network by the end of 2022.…
The StarSharks metaverse is taking the gaming and NFT industry by storm. It is a growing ecosystem that will span multiple games. Moreover, the recently launched $SSS staking solution and referral rewards provide more value to long-term token holders. The StarSharks Ecosystem Explained Gamification plays a crucial role in making NFTs and decentralized finance more accessible to the mainstream. StarSharks, the shark-based Metaverse, tackles the concept head-on by engaging the community at every turn and building a sustainable economic system. non-fungible tokens provide infinite opportunities and possibilities, including in the…
Major Bitcoin (BTC) investor MicroStrategy has announced another major BTC purchase during a market dip to collect a total of 125,051 BTC as of Monday. According to an official form with the United States Securities and Exchange Commission (SEC) filed on Tuesday, MicroStrategy purchased 660 BTC between December 30, 2021, and January 31, 2022, for “approximately $25 million” in cash. The average BTC price of the purchase amounted to $37,865 per BTC, including fees and expenses, the report notes. As of Jan. 31, MicroStrategy held about $3.78 billion worth of…
While Bakkt faces 90% erosion in its market cap, the company spokesperson confirms that they are well capitalized for their long-term plans. While cryptocurrency prices have plummeted severely over the last two months, crypto asset management platform Bakkt (NYSE: BKKT) has witnessed a deeper correction in its stock price. Shares of Bakkt Holdings Inc (BKKT) are down by more than 90% since October 2021. While the BKKT stock was trading above $40 by October end, it was available under $4.0 last week. Back in October, Bakkt’s stock rallied supported by…
The founder of a popular DeFi protocol is promising to make users whole after a scandal-ridden price implosion, but the path to achieving that isn’t totally clear. On Monday, embattled developer Daniele Sestagalli took to Discord to answer questions from the Wonderland protocol community – a rancorous 45 minutes featuring big promises and bluster, but few specifics on how the project will move forward on leveraging its $325 million treasury to deliver value for tokenholders. Wonderland, as well as a number of associated decentralized finance protocols loosely united under the…
NYDIG has launched an employee benefit program allowing workers to convert a percentage of each paycheck into bitcoin. Employees enrolled in the Bitcoin Savings Plan can choose what percentage of their pay they would like to auto-convert to bitcoin, and the crypto is then held in NYDIG’s cold-storage system with no transaction or storage fees. Strike and Coinbase launched similar platforms last year, but those did not require an employer to sign up in order for a worker to take advantage. NYDIG’s Bitcoin Savings Plan, on the other hand, requires…
Cryptocurrencies traded higher to start the month of February, as markets look to forget January’s red wave. ETH is trading close to 10% higher as of writing, with bitcoin gaining almost 4% today. Bitcoin Bitcoin, which fell by as much as $16,000 last month, has recently started to regain some steam, climbing by over 11% in the last week. This momentum continued into February, with BTC/USD hitting an intraday high of $39,026.79, its highest level since January 21st. Today’s move saw its 14-day RSI climb above the resistance level of…
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The COTI Treasury is finally up and running, giving community members with an appetite for greater risk more options to capitalize on their ecosystem investments. Described as an “algorithmic and decentralized $COTI pool”, the COTI Treasury will grow over time as it collects fees on all COTI ecosystem transactions, and users will have the opportunity to earn some of those rewards by staking their tokens in it. While staking has previously been available with COTI it has up until now had fairly limited functionality. With the COTI Treasury, users can…