Fun

Coinbase launches unified onchain monitoring through new wallet app

News Feed - 2024-07-12 01:07:00

Ana Paula PereiraJul 11, 2024Coinbase launches unified onchain monitoring through new wallet appCoinbase’s new wallet app will allow users to connect any self-custodial wallet for an aggregated view of assets.58 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksCoinbase is releasing a new version of its crypto wallet that will allow users to access their portfolios from multiple platforms in a single place.


The company said in a July 11 statement that the new wallet will be available through a website on desktop and mobile devices. Users will be able to connect any self-custodial wallet supported by Wallet Connect, including MetaMask and Phantom wallets, to have an aggregated view of assets across applications. Users don’t need to have a Coinbase wallet to use the service.


According to Coinbase, the solution seeks to address retail user demand to track non-fungible tokens (NFTs) and decentralized finance (DeFi) positions across wallets. “Many people also manage several crypto wallets and [...] achieving a comprehensive view of all their assets in one place has been a challenge,” said Coinbase.


The exchange isn’t the first company to provide this service. Zerion Wallet, for example, allows users to connect multiple wallets and track crypto portfolios, including NFTs and DeFi positions. The platform supports several blockchains, including Ethereum, BNB Smart Chain and Polygon.


Coinbase’s wallet will offer support to assets across Bitcoin, Solana and Ethereum-based chains. Sid Coelho-Prabhu, Coinbase’s senior director of product management, said no fees will be charged to users of the platform: “Users do continue to pay network transaction fees (not Coinbase fees) for most assets when sending or receiving assets, as they would with any self-custodial wallet.”Phishing, scams and other vulnerabilities


Users of Coinbase wallet have been targeted by sophisticated phishing attacks, scams and other vulnerabilities in the past.


Cointelegraph previously reported that scammers have used legitimate-looking emails and communication methods to deceive users into providing sensitive information. In some cases, even Coinbase support employees were reportedly tricked, leading to unauthorized access and theft of funds.


Coinbase says its security team continuously develops new features and security measures to protect user assets, such as biometric authentication, passwords, security locks, approval alerts and spam token management.


“No platform, regardless of its safety measures and sophisticated security technology, is immune from users potentially falling victim to scams. Security is a shared responsibility — everyone has a role to play,” explained Coelho-Prabhu, explaining that educating customers has been an important step in improving security.Embedded, smart wallets


In March, Coinbase introduced two new wallet solutions focused on integrating and balancing transfers across Ethereum Virtual Machine (EVM) applications. These solutions specifically targeted developers’ onboarding to its layer-2 blockchain, Base.


The first solution, a smart wallet, allows users to carry their balances across different EVM-compatible apps integrated with the Coinbase Wallet SDK. The second is an embedded wallet that enables developers to integrate non-custodial, white-labeled wallets into their applications.


Magazine: Crypto exposes sudden rift among Democrats months ahead of election# Coinbase# Business# Wallet# Self CustodyAdd reaction

News Feed

Navigating post-halving landscape: What to expect for Bitcoin price and network security
Tristan Greene5 hours agoNavigating post-halving landscape: What to expect for Bitcoin price and network securityWith the April Bitcoin halving looming, the future is as uncertain as ever.10598 Total views3 Total sharesL
Elon Musk Outlines New Reasons to End Twitter Deal Citing Whistleblower
Elon Musk Outlines New Reasons to End Twitter Deal Citing Whistleblower Tesla CEO Elon Musk has outlined new reasons to terminate the $44 billion deal to buy Twitter in a new filin
Sam Bankman-Fried sentenced to 25 years in prison
Turner Wright8 hours agoSam Bankman-Fried sentenced to 25 years in prisonJudge Lewis Kaplan found that the former FTX CEO also committed witness tampering and perjury based on his testimony at trial over user funds.11300
Bakkt to Launch Crypto ‘Consumer App’ in First Half of 2020
Bakkt plans to launch a consumer-facing app to help retail customers transact with cryptocurrencies, the company announced Monday. In a blog post, Bakkt chief product officer Mike B
Bitcoin Hashrate Nears All-Time High Captured in May — BTC Mining Rigs Produced in 2016 Still Profitable
Bitcoin Hashrate Nears All-Time High Captured in May — BTC Mining Rigs Produced in 2016 Still Profitable While bitcoin’s value has remained well above the $60K range, the
3.5 Million+ Crypto Wallets Downloaded in July, Active Users up 110% in the Year
3.5 Million+ Crypto Wallets Downloaded in July, Active Users up 110% in the YearA record 3.5 million crypto wallet app downloads were recorded in July 2020, representing an increase
Binance’s US settlement was a ‘turning page,’ says exec
Jesse Coghlan3 hours agoBinance’s US settlement was a ‘turning page,’ says execBinance institutional and VIP head Catherine Chen says it has “fully” embraced the challenges that came after the exchange’s $4.3
Ordinal Inscription Collections on Bitcoin Blockchain Grow as Creators Monetize Art
Ordinal Inscription Collections on Bitcoin Blockchain Grow as Creators Monetize Art With more than 150,000 Ordinal inscriptions on the Bitcoin blockchain, there are now numerous co
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
Stablecoin Economy Continues to Balloon as USDC"s Market Cap Crosses $50 Billion As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stable
Price analysis 4/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Rakesh Upadhyay5 hours agoPrice analysis 4/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADABitcoin and altcoins have turned bullish following the BTC supply halving. Are new all-time highs in the making?2004 Total v
Argentinian Exchange Ripio Raises $50 Million in Latest Funding Round Led by DCG
Argentinian Exchange Ripio Raises $50 Million in Latest Funding Round Led by DCG Ripio, a Latin American (Latam) exchange headquartered in Argentina, raised $50 million in its late
Ciaran Lyons7 hours agoMining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko reportAccording to the report, Europe is home to nine of the 10 least profitable countries for Bitcoin mining, based on household elect