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Binance’s new self-custodial crypto wallet will be tied to the exchange’s infrastructure, and users won’t be able to export private keys. Cryptocurrency exchange Binance has become the latest company to roll out its non-custodial crypto wallet as its market volume share has weakened in the last three months. In a press release on Nov. 8, Binance said it has developed its solution dubbed “Web3 Wallet” in partnership with the product and engineering team at Trust Wallet. It is worth noting that Binance acquired this cryptocurrency wallet in July 2018. Shortly after the news on the solution broke, Trust Wallet’s native token TWT plunged by more than 10% down to $1.45, according to CoinGecko. TWT price | Source: CoinGecko Although Trust Wallet helped Binance develop the wallet , control over Web3 Wallet’s Features , such as operations and services, will be autonomously controlled by the exchange only. According to the press release, Bin...

A transfer of 6,000 Maker (MKR) tokens, valued at more than $8.4 million, has been moved from the Binance cryptocurrency exchange to an unknown wallet.  Crypto whales accumulate MakerDAO On Oct. 15, a transfer of 6,000 Maker tokens — equivalent to $8,486,455 — occurred, according to Whale Alertas. The tokens were moved from Binance, one of the leading cryptocurrency exchanges, to an unidentified wallet shrouded in mystery. In recent months, data regarding Maker has shown a series of notable deposits, swaps, and accumulations conducted by prominent players in the cryptocurrency space.  Among them is MakerDAO’s co-founder, Rune Christensen, who has been making waves with his strategic moves.  Rune Christensen acquired 1,613 MKR by swapping a substantial 1.61 million DAI at an average price of $998.2 per MKR. He also removed 300.7 MKR and 305.8K DAI from the Uniswap liquidity pool, signaling a calculated shift in his holdings. 6,000 #MKR (8,486,455 USD) transfer red...

The crypto wallet wallet linked to 1inch Investment Fund currently holds around $80 million in various digital assets. A crypto wallet belonging to the 1inch Investment Fund has bought huge amounts of Ether (ETH) a month after recently cashing out on its dollar-cost averaging (DCA) buys throughout the first quarter of 2023.  Blockchain analysis platform Lookonchain, which follows and posts smart profitable trades, flagged the transaction. According to the firm, the 1inch-affiliated wallet bought a total of 6,088 ETH at the price of $1,655, which means that the company spent over $10 million on the purchase. 1inch Investment Fund wallet spent $10M to buy 6,088 $ETH at $1,655 6 hrs ago. The wallet bought a total of 17K $ETH($26.8M) at an average price of $1,569 on Jan 13, Feb 9 and Mar 14. Then sold 11K $ETH($21M) at $1,906 on July 5, making ~$3.7M.https://t.co/QhEm3M9Mm7 pic.twitter.com/JUxzA8hFom — Lookonchain (@lookonchain) August 28, 2023 The trade comes after the company ...

Hackers have reportedly exploited a weakness in popular crypto wallet tool Libbitcoin Explorer that has allowed them to steal funds from multiple blockchains. According to software security expert Distrust, which led the investigation, the ‘Milk Sad’ issue (so named because those were the first two words in the seed phrase of the broken key generation process), suffers from a “flawed seed subcommand for the generation of new wallet private key entropy.” As a result, it produces insecure output. “Think of this as securing your online bank account with a password manager that creates a long random password, but it often creates the same passwords for every user. Malicious people have figured this out and drained funds on any account they can find,” investigators say. Distrust warns that the effective security is reduced to a point where a powerful gaming PC can brute-force the seeds in less than one day . Researchers didn’t confirm exactly which wallet s had been affected by the Lib...

Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives. Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and restore their private seed phrase. Due to concerns expressed about the security elements of Ledger Recover, the hardware wallet manufacturer decided to postpone the launch of its service. On May 23, Charles Guillemet, chief technology officer of Ledger, explained in a Twitter thread that Ledger will “accelerate our open-sourcing roadmap to bring more verifiability to everything we do.” Ledger’s mission is, and will always be, to provide our users with the right tools to own their digital value securely. We have decided to accelerate our open-sourcing roadmap to bring more verifiability to everything we do. A thread pic.twitter....

Join Our Telegram channel to stay up to date on breaking news coverage With the start of the new year, crypto prices have slowly started to recover from a year-long bear market, which started bringing investors back into the industry. People are becoming more willing to invest in projects, and various events that the industry participants are organizing are attracting attention once more. This also makes it a perfect time for hackers to launch phishing campaigns and once again rob unsuspecting newcomers to the industry. Security researchers have already reported one such campaign, where the hackers have created a fake website of the popular Ethereum Denver conference. The campaign is also tied to a smart contract that contains over $300,000 in stolen ETH coins. The wallet tied to the scam stole $300k in crypto Ethereum Denver is, of course, a real conference and a very popular one, at that. However, its website has been duplicated by online criminals who seek to trick users i...

Wyre was set to be acquired for $1.5 billion by San Francisco e-commerce startup Bolt last year, but the deal was eventually scrapped. Crypto wallet MetaMask is ending support for services of Wyre crypto payment platform amid reports of Wyre planning to shut down operations soon. MetaMask took to Twitter on Jan. 5 to announce that it has removed Wyre from its mobile aggregator, which allows users to buy crypto directly through its digital wallet. “We're currently working on extension removal and appreciate your patience,” MetaMask said, asking users not to use Wyre on the mobile aggregator . According to the announcement, MetaMask still supports a wide number of other payment gateways, including Transak, MoonPay, and Sardine. The services are available on Apple Pay, bank cards and transfers, MetaMask noted. The news comes soon after Wyre CEO Ioannis Giannaros reportedly announced to employees that the firm is going to soon shutdown operations. “We'll continue to do everything ...