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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ryder, a crypto hardware wallet, will integrate FAST Pool, a self-service stacking service, and participate as a Signer in the upcoming Stacks’ Nakamoto upgrade . In a press release shared with crypto.news, this partnership marks a crucial step towards advancing Stacks as a complete Bitcoin layer-2 solution. You might also like: Analyst: What false Bitcoin ETF Approval means for BTC FAST Pool, a stacking service in the Stacks ecosystem, enables users to stack STX, participate in network validation, and contribute to processing sBTC, a decentralized 1:1 Bitcoin-backed asset. By operating FAST Pool and becoming a Signer in the Nakamoto upgrade , Ryder is strengthening the decentralized foundation of the Stacks ecosystem and paving the way for a more robust and scalable Bitcoin experience. As a Signer, Ryder will play ...

Hardware Wallet provider Ledger has launched its cloud-based private key recovery service, Ledger Recover, despite facing months of criticism from the crypto community. Announced on October 24, Ledger Recover allows users to back up their Secret Recovery Phrase (SRP), the 24-word passcode that controls access to crypto assets, through an identity-based recovery system. The subscription service, priced at $9.99 per month, aims to give users an extra layer of protection if their SRP is ever lost. Also read: Polygon (MATIC) Price Prediction: October End 2023 Ledger Recover was developed alongside the blockchain security platform Coincover and is initially compatible with the Nano X wallet. The wallet manufacturer plans to integrate the recovery solution later with the upcoming Stax and Nano S Plus. The launch comes after Ledger paused the recovery feature The launch comes after the team paused Ledger Recover earlier this year due to significant backlash over security...

Cryptocurrency can feel like a distant concept to the ordinary person. There are occasional reports of epic market rallies, but there is a need to ease handling, storage, and spending crypto. After all, Bitcoin founder, Satoshi Nakamoto, called it a “peer-to-peer electronic cash system.” Well, the cash system part is still a work in progress. Bitcoin (BTC) has morphed into a primarily speculative asset, and fewer people than intended use it for payments. Dozens of competitive altcoins have since emerged, offering better scalability than Bitcoin. Therefore, a solution to ease the crypto spending challenges is vital for this sector. Enter CryptoWallet. This project seeks to alleviate crypto’s rigidity as a functional currency. Let’s explore what CryptoWallet has to offer to the market.  Integrating crypto banking and payment services  Cryptocurrencies have one key selling point: decentralization. This quality means that every crypto owner has control over funds in their d...

Phantom Wallet CEO Brandon Millman argues airdrops may not be worth the hype and self-custody wallets are not off the hook regarding regulation. Wallets have always been a key topic in the cryptocurrency industry because of their essential role in adoption. As the crypto world evolves and enters the multichain phase, wallets may need to operate differently. In Episode 16 of Hashing It Out , Phantom Wallet CEO Brandon Millman joins Elisha Owusu Akyaw to discuss how wallets are adapting to the cryptocurrency space’s multichain nature. Millman also shares his thoughts on airdrops for wallet applications, regulations and what a multichain landscape means for adoption. Before Phantom, Millman had prior experience building decentralized tools. He helped build Matcha.xyz, a decentralized exchange aggregator on Ethereum, and 0x APIs that power other aggregators. According to him, the important role wallet s play in onboarding users was what attracted him to building a wallet application. Pha...

In March, the platform claimed to have successfully onboarded over 560,000 new users. Decentralized multichain digital Wallet solution BitKeep Wallet has announced that it has surpassed 10 million users as of April. The platform has seen tremendous growth in recent months, with over 560,000 new users onboarded in March alone. The surge in users can be attributed to several success ful campaigns with popular blockchains like Arbitrum and Sui. BitKeep's Arbitrum campaign saw the successful launch of ARBK. This native token recorded 708,800 on-chain transactions and was airdropped to over 100,000 users participating in campaign-related tasks and activities. During the campaign period, ARBK was exchangeable for ARB, the official native token of the Arbitrum chain, and ranked first on Arbitrum's ecosystem popularity chart with 150,000 token-holding addresses, with an interaction volume of 330,000. Following BitKeep's recent success, cryptocurrency derivatives exchange Bitge...