The Open Platform

Wallets: February headlines - Algorand (ALGO)-Based Crypto Wallet MyAlgo Urges Users To Withdraw Assets After $9,600,000 Attack, Algorand Foundation CTO John Woods says about 25 wallets were affected by the attack (source) - Mastercard Rolls Out System Allowing for Stablecoin Payments Directly From Crypto Wallet, a collaboration between financial services giant Mastercard and web3 tech company Immersve is set to offer a new option for paying physical, digital and metaverse purchases using crypto assets (source) - Multicoin, Sequoia Lead $6M Round in Solana-based Crypto Wallet TipLink, Circle Ventures, Solana Ventures, and Paxos also participated in the round (source) - Addressable raises $7.5M to match crypto wallets to Twitter accounts, the solution allows marketers to promote games or conferences etc. to crypto wallet holders on Twitter, thus increasing the return on ad spend by targeting audiences that are more likely to buy products, and introducing higher efficacy/ROI (source) - Coinbase Adds New Wallet Security Features To Protect Against Phishing and Scams, including transaction previews, token approval alerts, and a new “enhanced layers of protection” (source) #February2023#wallets#trends

Wallets: January headlines - Robinhood rolls out its MetaMask competitor called Robinhood Wallet to 1 million users (source) - 1inch launches hardware wallet which supports multiple seed phrases and transparent transaction signing, as opposed to blind signing offered by some other devices (source) - Life DeFi Wallet, a non-custodial digital wallet service, is now available on the Google Play store, making it the first multi-blockchain wallet in the world that allows users to make digital asset transfers to usernames (source) - DeFi protocol Frontier started an in-browser wallet extension that allows crypto users to interact with staking, transactional and non-fungible token (NFT) activities over 35 supported blockchains (source) - MSafe raises $5 million seed for developing multi-signature wallet solutions on Aptos, the round was led by Jump Crypto with participation from Circle Ventures, Coinbase Ventures, Superscrypt (founded by Temasek), Redpoint Ventures, SV Angel, Shima Capital, Spartan Group and more (source) #January2023#wallets#trends

Wallets: December headlines: - Crypto wallet BitKeep loses $8 million in ongoing hack - Bitkeep points to malicious APK packages (source) - Anonymous crypto wallet moves $80 million worth of Bitcoin onto Coinbase - cryptocurrency transfers from wallets to exchanges is typically a bearish signal (source) - Senator Warren introduces new crypto bill targeting self-custody wallets, the bill would expand KYC requirements for crypto network participants, is descibed by critics as “opportunistic” and “unconstitutional” (source) - Huobi releases a report on crypto wallet usage, highlights that crypto wallets users grew to 85 million in 2022 (6% increase) (source) - SafePal integrates support for TON - SafePal users will now be able to store and send the native $TON token within their hardware and software wallets. Additionally, it will be possible to directly interact with the Decentralized Applications (DApps) that currently exist on the TON blockchain (source) #wallets#December2022#trends

Wallets: November headlines: - Twitter may possibly be working on it own crypto wallet (source), while some sources claim that the work on crypto wallet was halted (source) - As of November 2022, Reddit users opened 2.5 million crypto wallets following the launch of NFT marketplace (source) - Trust Wallet token soared 47% in value after Binance CEO tweeted about the importance of self-custody and prompted users to use the Trust wallet. Other self-custody wallet provider tokens also rallied, including SafePal (SFP), which increased by 27% in value (source) - Cold wallets moon after FTX collapse: Ledger saw its highest askes week in November, Trezor also reported a similar surge in demand (source) - JPMorgan registered trademark for crypto wallet: “J.P. Morgan Wallet” will see the legacy bank offer crypto and bitcoin services to its existing pool of customers (source) - Yahoo Finance released a new industry report: crypto wallet market size was valued at $6127.2 million in 2021 and is expected to expand at a CAGR of 30.78% reaching $30659.33 million by 2027 (source) #wallets#November2022#trends