Digitalization won’t displace commercial bank money any time soon: Moody’s
Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency says.
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California approves blockchain-based digital wallet for gov’t services
Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023.
Neobank introduces soulbound NFTs for wallet holders’ KYC information
The small New York-based neobank is seeking to improve crypto users’ experience by melding Web3 features and digital banking.
Trust Wallet to reimburse users after $170,000 security incident
The vulnerability impacted wallet addresses created through the browser extension between November 14-23, resulting in nearly $170,000 in losses.
Trezor wallet enables Bitcoin privacy feature with CoinJoin
Trezor Model T users can now hide their transaction history and balance while purchasing, donating and making other transactions with Bitcoin.
MetaMask launches new fiat purchase function for cryptocurrency
The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers, and instant ACH.
Binance self-custody wallet launches crypto-to-fiat off-ramp
Trust Wallet has partnered with MoonPay and Ramp to allow customers to convert their crypto to fiat without using any centralized exchange.
KuCoin Wallet spins off from KuCoin exchange, renames as Halo Wallet
The newly branded Halo Wallet seeks to broaden its efforts from Web3 to social finance, also known as SocialFi.
BitKeep Wallet hits 10 million users driven by successful Arbitrum airdrop
In March, the platform claimed to have successfully onboarded over 560,000 new users.
Crypto wallet provider Ledger raises $109M as demand for self-custody soars
The funding is the first of three rounds for the hardware wallet provider, whose success has been fueled by growing awareness of crypto self-custody.
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