On Thursday, the team behind the lending protocol Anchor announced that a proposal has passed and the decentralized money market will “implement a more sustainable semi-dynamic earn rate.” Following the announcement, the value of the protocol’s native token ANC slipped roughly 2% lower during the last 24 hours. Anchor Protocol Is Changing the Application’s Earn […]
Trust Wallet, a crypto wallet app rated at 4.7 stars and with a total of 166,379 reviews – take from that what you will – has reported on its official Twitter page and community webpage that the app became unavailable “on March 21, 2022 at 1pm PST”, which seems to match the time of the outage reported by more than 3,000 users on Downdetector.
BTC Wires, a leading online digital platform that provides information about crypto and blockchain technology, examined possible reasons in the Trust Wallet case, and came up with steps that crypto users can take.
What Was the Reason?
It is still uncertain if the above mentioned events are related, though the company behind Trust Wallet seems committed to assuring its users that the problem will be solved in “a timely manner”, and transactions have been confirmed to be working just fine.
Another possible explanation for the sudden disappearance of the app from the store might be related to App Store guidelines regarding the use of third-party payment services, which seems to be the case, at least for Trust Wallet, with the words:
“The app does not sell any crypto, you will be redirected to a 3rd party provider” hanging over its official community post forewarning crypto adventures just as those of Dante in the famous Italian comedy.
Apple has reportedly restricted the use of third-party payment integrations when there's no physical exchange of goods or services, making adjustments to their policies whenever legally obliged and/or pressured, as is the case in the Netherlands and in South Korea. However possible for this to be the case surrounding the issue with some wallets, nothing has been disclosed by Apple or by any other company that would confirm this theory.
Are Other Wallets at Risk?
Nevertheless, many users of other wallets and wallet services embedded with exchange platforms have understandably become wary about the situation, which expands the proportion of need-to-know information one requires before trusting any amount of money to a service.
With that in mind, here are a couple of options one can rely on to not have that issue:
NOW Wallet: Since the company behind the wallet is likewise behind the exchange platform, they do not depend on a third party to execute the payments, thus they are compliant with App Store guidelines. The wallet supports nearly 400 cryptocurrencies, about 60 fiat currencies, and NFTs. Since it is non-custodial, the user has full control of the private keys and the funds. There are other benefits to this wallet as well, such as its simplicity and straightforward app design, making the learning curve accessible even to the most tech-averse person.
Coinbase Wallet: Coinbase is a staple in the crypto market by now, and its Wallet product, in opposition to the regular Coinbase service, is a DEX, thus allowing crypto swapping just as other DEXs. It supports all ERC-20 tokens (including USDC and DAI), BTC, BCH, LTC, XRP, XLM, and DOGE. Since its inception, it has been known for its appeal among beginners and is well regarded by its users.
eToro Money Crypto Wallet: Another great option for those who like stability. eToro, like Coinbase, has established itself in the crypto market as a reliable broker service and a wallet. It's trustworthy, supports over 500 crypto pairs, and is secure. On the other hand, it might be too much of a challenge for beginners.
Gemini Wallet: If you are out there looking for something different, this might be what you're looking for. Gemini offers a hot wallet insurance in case of a security breach or hack, which is an added bonus when dealing with money on the internet. There is good and bad in this wallet. Some of the fees can be quite high, and you don't get as many options of currencies (about 70 crypto assets) and they're not as variable as you would get with other wallets. Despite this, it still has a reputation as a reliable wallet.
Ledger Live Wallet: Now if you are in for something more niche, you might like Ledger Live. The wallet is powered by Ledger, the most reliable hardware wallet available, supports 1,800 coins & tokens, and uses advanced security features. The only downside is the lack of online customer support.
Those are not the only alternatives but are currently some of the most reliable ones out there. The perfect fit for you will largely depend on your crypto interests, and while the aforementioned wallets deal with a wide range of assets, you should always do your own research and see what better matches your needs.
Visit BTC Wires to find more news and other crypto-related information.
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Tomorrow there are two major, potentially market-moving events in the UK. First is the release of the latest inflation numbers, and second is Chancellor Sunak’s presentation before Parliament of the so-called “spring statement”. And there could be a couple of tricks up his sleeve. What could happen tomorrow So, normally the Spring Statement is just […]
Chains.com, an early-stage multiproduct cryptocurrency startup launched in February 2022, has seen over 380,000 accounts created on the platform so far, in anticipation of the launch of the Chains Launchpad and Prism products.
“The traction so far underlines just how attractive Chains' offering proved to appear to a large cross-section of users,” says CEO and Founder of Chains.com, Anderson Mccutcheon.
Anderson adds: “We saw a gap in the market for a platform supporting not only different cryptocurrencies and blockchains, but also services designed specifically for those not interested in the underlying technology”
Scaling from zero to hundreds of thousands of users meant that the company had to make significant adjustments, rapidly deploying changes to both the frontend and backend of its product.
The team introduced fingerprinting, multiple captcha touchpoints and account verification methods to eliminate risks posed by automated botting and DDoS attempts.
Anderson says: “We can confidently say we are at a very low risk of being compromised thanks to the tireless work of our cyber security specialists. Our top priority is the security and stability of our systems. Users need to be able to trust us with their data.”
Over 30,000 users applied to have their accounts whitelisted for the upcoming CHA token sale on the Chains Launchpad and this is expected to rise as more details emerge about the presale.
Those who have signed up for the presale indicated TRON, Ethereum and Binance Smart Chain as the blockchains they prefer to have the token deployed on. The flexibility offered by Chains.com means users can pick and choose between a variety of chains to which their tokens are to be deployed after the token sale, an industry first.
About the Founders:
Anderson Mccutcheon, a former Riot Games and Stars Group executive, as well as an IDF Unit 8200 veteran, comes from a diverse technological and marketing background. A blockchain industry pioneer, Anderson co-founded Unicoin and Synereo and specializes in algorithm development for real-time thermochemical control systems.
Assaf Patir, the Chains Chief Economist, holds two PhDs, one in Economics from Northwestern University and another in Physics from the Weitzmann Institute of Science. Assaf's specialty field is Macroeconomics and he currently holds the position of Chief Economist at the Start-Up Nation Policy Institute.
About Chains: Chains, a Seychelles International Business Company, was founded in 2020 with a view to simplify the cryptocurrency and NFT experience for non-technical users and create a gateway to access the space and relevant services on one platform.
Daria Kuznetsova, CMO of Chains.com email@example.com
Wow, this is bold: Fortnite Chapter 3: Season 2 has launched, and building has been wiped out – for the next nine days, at least. Those of you who play Epic Games’ battle royale will know that construction is a key component of combat, as players use it as a means of makeshift defense. But this new season does away with the mechanic temporarily, replacing it with a new Overshield system that you’ll need to manage alongside your regular shield and health.
Other adjustments have been made to gameplay, including the speed of sprinting and parkour-like movement mechanics. The theme is Resistance, and we get the feeling that the developer has tried to create a more intense, combat-focused loop for this season. You can even shoulder-bash doors to open them in a pinch, and invest your hard-earned gold into an armoured Battle Bus. It all sounds like brilliant fun.
Five days ago, Bitcoin’s hashrate had shown improvement as it increased 15% over the course of ten days and today, the computational power remains above the 200 exahash per second (EH/s) region. Meanwhile, bitcoin miners caught another break on Thursday, as the network’s mining difficulty adjusted downward for the second time in a row, making…