Latest Crypto Wallet News and Insights | Yellow.com

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Recent News on Cryptocurrency, Blockchain, and Finance | Yellow.com

Explore the latest news in the cryptocurrency industry with our Recent Updates section. Learn about new cryptocurrencies, market developments, technology, trading, mining, and trends.
Mastercard Introduces Username-Based Crypto Transfers: Forget Those Complicated Wallets
May 31, 2024
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.
Billions from Mt. Gox Exchange Resurface in Unknown Wallet, Bitcoin Reacts With a Dip
May 28, 2024
Billions in Bitcoin linked to the defunct Mt. Gox exchange have been transferred to an unknown wallet. On May 28, a series of transactions moved 75,021 BTC, worth approximately $5 billion, sparking speculation and market reaction. Some analysts even think the move might have led to the recent Bitcoin 2% dip. The movement comes ahead of the planned return of Bitcoin holdings to Mt. Gox creditors.  Whale Alert, a crypto tracking service, reported multiple transfers within an hour. Blockchain explorer Arkham Intelligence noted 21 transfers from various Mt. Gox cold wallets. Most transactions involved around 2,000 BTC each. An additional 32,137 BTC were transferred later, pushing the total to over $5 billion. These transactions point to a single, unlabeled address. Despite this, Mt. Gox still holds nearly 138,000 BTC, valued at over $9.36 billion. The identity and intent behind these movements remain unclear, as Mt. Gox's trustee firm Nagashima Ohno and Tsunematsu have not commented. The sudden movement of such a significant amount of Bitcoin led to a 2% dip in Bitcoin prices. The market reacted cautiously, trading at $67,875 after the first transfer. Analysts had previously warned that such moves could unsettle the market. Creditors of Mt. Gox have been waiting for over a decade to reclaim their assets following the exchange’s collapse in 2014. The final repayment deadline is October 31, marking a critical date for those affected.
The Cold Wallet We Deserve? Ledger Stax Finally Ships After Prolonged Delays
May 28, 2024
Ledger has started shipping its new Ledger Stax hardware wallet after a significant delay. Initially promised for March 2023, the Stax experienced a 14-month postponement due to manufacturing issues.   The product, revealed in December 2022 at Ledger Op3n, was developed in partnership with legendary Tony Fadell. Yes, the guy who is widely acclaimed as the creator of the iPod. Ledger’s Chief Experience Officer Ian Rogers explained that the extra time allowed them to refine the Stax’s operating system.  The device is launching in a version 1.4 state, which Rogers says is more advanced than typical new devices, which often debut in a version 0.9 state. Rogers noted that building a pioneering product comes with challenges. The extended development period ensured the addition of more features, enhancing the user experience. Fadell’s involvement was crucial in balancing usability and security, making the Stax both appealing and secure. Community feedback had been mixed during the delay, with some expressing doubts about the delivery. However, Ledger has now fulfilled pre-orders, aiming to meet the high expectations set at Ledger Op3n. This launch marks a significant step for Ledger, as it seeks to expand its user base and secure supply chain partnerships. The combination of Fadell’s design expertise and Ledger’s security focus positions the Stax as a key player in the hardware wallet market. For those who pre-ordered, the wait is over, and the improved Ledger Stax is finally in their hands.

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