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Binance Serviced Iranian Crypto Traders Despite Sanctions: Report

Key Takeaways Reuters has reported that Binance allowed Iranian clients to trade on its platform despite U.S. sanctions and a company policy against operating in...

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Report: Bank of England is working on crypto regulation framework

The Bank of England (BoE), the United Kingdom’s central bank, has reportedly begun developing a new framework aimed at bringing cryptocurrencies and stablecoins into various existing regulatory fields.

The post Report: Bank of England is working on crypto regulation framework appeared first on CryptoSlate.

President Bukele hits out at Bitcoin Bond ‘FUD’ as CZ jets in to El Salvador

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El Salvador’s President Nayib Bukele publicly called out Reuters for spreading “FUD” about delays in the country’s $1 billion 'volcano bond.'

App Store Outages and Missing Crypto Wallets: What to Do? BTCWires Explains

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. 

Indonesia’s most valuable tech startup GoTo has received sufficient orders for its highly anticipated IPO; to raise at least $1.1 billion

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GoTo Group, a unicorn tech startup formed last year as a result of a merger between Indonesia’s internet startups Gojek and Tokopedia, has received sufficient investor orders for its highly anticipated initial public offering (IPO), according to an exclusive report from Reuters, […]

The post Indonesia’s most valuable tech startup GoTo has received sufficient orders for its highly anticipated IPO; to raise at least $1.1 billion appeared first on Tech News | Startups News.

Binance ‘s CEO Visits El Salvador. What Will He Meet President Bukele About?

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It was about time that Binance ’s CEO, Changpeng Zhao, visited El Salvador. His company is the biggest cryptocurrency exchange in the world and El Salvador is the first country to adopt bitcoin as legal tender, why did this take so long? According to the Secretariat of Communications of the Presidency of the Republic of…

The post Binance ‘s CEO Visits El Salvador. What Will He Meet President Bukele About? appeared first on Bitcoin News Miner.

Australian Bank Drops Anti-Crypto Stance and Embraces Stablecoins

Australia and New Zealand Banking Group Minted an Aussie dollar-denominated token.
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Tesla battery supplier LG Energy Solutions announces $1.4B battery factory in Arizona

Tesla battery supplier LG Energy Solutions announced it would build a $1.4 billion battery production facility in Arizona as demand for electric vehicles throughout the United States skyrockets. LG Energy Solutions said it would build the $1.4 billion plant to meet demand for “prominent startups” and other North American companies as consumer sentiment is beginning […]

The post Tesla battery supplier LG Energy Solutions announces $1.4B battery factory in Arizona appeared first on TESLARATI.

ANZ Becomes First Bank to Mint Australian Digital Dollar

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ANZ said the coins were transferred between the family office and the fund manager before it was later redeemed back into fiat.

The post ANZ Becomes First Bank to Mint Australian Digital Dollar appeared first on Blockworks.

Youtube to stream 4,000 TV episodes & 1,500 movies for free in U.S.

here are the top trending news from the world of technology  1) Youtube to stream 4,000 TV episodes & 1,500 movies for free in U.S. In a unique move, Youtube to allow users in the U.S. to stream nearly 4,000 TV episodes and 1,500 movies absolutely free. These TV episodes and movies will feature ads [...]

The post Youtube to stream 4,000 TV episodes & 1,500 movies for free in U.S. appeared first on Platform to Showcase Innovative Startups and Tech News.

Honduras Will Not Adopt Bitcoin as Legal Tender, Central Bank Implies

Honduras is not adopting bitcoin as legal tender anytime soon. Instead the Central Bank said it is studying to issue a CBDC.

Toyota Latest to Begin Real-World AV Testing in U.S.

Toyota is partnering with Aurora Innovation to begin testing autonomous vehicles on U.S. roads, running a shuttle that includes trips to or from the airport. The service comes as other companies, such as Waymo, Cruise and others are in the midst of extensive studies underway. Find out more at TheDetroitBureau.com.

China Launches Two Week Inspection, Hunt for Flight Crash Victims Continues

The Civil Aviation Administration of China (CAAC) launched a sector-wide two-week inspection for any safety failures on Tuesday night, according to Reuters, as the hunt for China flight crash victims continues. To ensure the utmost safety of aviation operations and […]
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