Phore(PHR)

The smart wallet will be an addition to Coinbase Wallet SDK, and the embedded wallets feature will be powered by "wallet as a service."

The phrase is only rolled out when things break on the popular blockchain.

Ava Labs' said that users of its Core app will be able to create a wallet and multi-chain seed phrase with their Gmail.

Every cryptocurrency fan is aware of the famous phrase “to the moon”, which often means the price of assets rising to astronomical heights. However, top memecoin Dogecoin is now actually about to be beamed up to the moon — literally.

"The common stress of worrying about losing one’s seed phrase is removed" with the launch of Binance's Web3 wallet, Richard Teng maintained.

Trezor’s brand ambassador Josef Tetek emphasized that the hardware wallet firm never asks for users’ recovery seed, PIN, or passphrase.

The digital currency organization Trezor has unveiled a metal corrosion stainless steel product as a new wallet model that enables a robust recovery-seed phrase. The newly released wallet has a tamper-resistant hardware component that provides extra protection. This further step folds into crypto, allowing massive adoption from traditional finance participants. The digital currency ecosystem has […]

Sui Network will now allow users to join its ecosystem without having to install a wallet or manage seed phrases.

Hapless Brazilian YouTuber Ivan Bianco accidentally revealed his wallet seed phrases on a livestream. All his crypto was gone in minutes.

A phishing site has seized control of the Terra website, leading the site developers to sound the alarm and eventually freeze the Terra.money website. Terra.money Now Phishing Site Over the weekend, the Terra.money website fell under the control of hackers who were using the site to launch phishing attacks on whatever users were left on the platform. Kiruse, an esteemed web3 developer at Terra, took to Twitter to sound the alarm about this phishing site that's masquerading as the authentic Terra website. The site's sinister objective revolves around duping unsuspecting users into divulging their highly sensitive and confidential information. The domain in question, terra(dot)money, is presently under intense scrutiny due to its alleged involvement in this phishing endeavor. The perpetrators manipulated the website to pilfer sensitive user data, employing tactics that led users to unwittingly reveal their seed phrases, putting both cryptographic keys and funds in severe jeopardy. Alerts and Precautions Terra's response was swift. On August 19, the platform issued a stern warning against engaging with any site under the Terra money domain. This caution was reiterated the very next day, on August 20. Further efforts to bolster safety and security came from Station Wallet on August 21, advising users to steer clear of the Station desktop and mobile apps until their safety can be ensured. The team has also issued a strict directive for users: rely solely on the official communication channels—namely X (Twitter), Discord, and Telegram. This strategic move is aimed at ensuring that users receive authentic and trustworthy information during this period of uncertainty. Temporary Shutdown And Road Ahead In a bid to fend off these phishing scams, the Layer-1 blockchain Terra took the proactive step of temporarily shutting down its website. The team released an official statement on X, "The terra(dot)money domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway. Our team has been working around the clock to rectify this issue, but we’ve encountered delays with some third-party responses.” Terra is still recovering from the devastating crash of the Terra/LUNA ecosystem last year. The company is desperately attempting to rebuild its reputation by replacing CEO Do Kwon, who was arrested and then released on bail. Furthermore, news of undisclosed wallets containing $160 million worth of digital assets belonging to Do Kwon has not helped his case. It remains to be seen if the Terra team is able to deal with the new phishing attack on top of its existing troubles. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A phishing site has seized control of the Terra website, leading the site developers to sound the alarm and eventually freeze the Terra.money website. Terra.money Now Phishing Site Over the weekend, the Terra.money website fell under the control of hackers who were using the site to launch phishing attacks on whatever users were left on the platform. Kiruse, an esteemed web3 developer at Terra, took to Twitter to sound the alarm about this phishing site that's masquerading as the authentic Terra website. The site's sinister objective revolves around duping unsuspecting users into divulging their highly sensitive and confidential information. The domain in question, terra(dot)money, is presently under intense scrutiny due to its alleged involvement in this phishing endeavor. The perpetrators manipulated the website to pilfer sensitive user data, employing tactics that led users to unwittingly reveal their seed phrases, putting both cryptographic keys and funds in severe jeopardy. Alerts and Precautions Terra's response was swift. On August 19, the platform issued a stern warning against engaging with any site under the Terra money domain. This caution was reiterated the very next day, on August 20. Further efforts to bolster safety and security came from Station Wallet on August 21, advising users to steer clear of the Station desktop and mobile apps until their safety can be ensured. The team has also issued a strict directive for users: rely solely on the official communication channels—namely X (Twitter), Discord, and Telegram. This strategic move is aimed at ensuring that users receive authentic and trustworthy information during this period of uncertainty. Temporary Shutdown And Road Ahead In a bid to fend off these phishing scams, the Layer-1 blockchain Terra took the proactive step of temporarily shutting down its website. The team released an official statement on X, "The terra(dot)money domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway. Our team has been working around the clock to rectify this issue, but we’ve encountered delays with some third-party responses.” Terra is still recovering from the devastating crash of the Terra/LUNA ecosystem last year. The company is desperately attempting to rebuild its reputation by replacing CEO Do Kwon, who was arrested and then released on bail. Furthermore, news of undisclosed wallets containing $160 million worth of digital assets belonging to Do Kwon has not helped his case. It remains to be seen if the Terra team is able to deal with the new phishing attack on top of its existing troubles. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

One of the top-10 mining pools offers a comprehensive solution to crises that cryptocurrency miners face in 2023: emcd. Cyberbank — a cyberbank with a package of services that help miners make more without ‘additional costs’. Mining in 2023, with operational costs’ growth and a long cryptowinter, is becoming less and less profitable for miners. But one of the largest pools in the world has a solution: launching its own ecosystem aimed specifically at miners and other cryptocurrency users. The cyberbank from the leading pool offers users services from friendly commission-free withdrawal tools to investment tools with up to 12% per annum to raise mining profits. ‘Miners should make more money, and we know how to make it happen. We’re launching a neobank where miners will be able to fully manage their assets in a single app, without additional commissions and other costs.’ — emcd. team Top-5 Solutions from emcd. Mining on asics and videocards is no longer the ‘wild west’ it was at the dawn of crypto. Without pools and growing ecosystems it’s harder and harder for miners to manage assets and wait until investments and huge operational costs pay off. Who are emcd.? In 5 years, emcd. made the journey from a small startup to a major pool that made it to the top-10 BTC mining pools in the world. 270,000 miners from 120 countries already use the platform. emcd. decided to choose a comprehensive approach to miners’ issues, with a whole set of services for digital asset management. And even though mining always involves costs nobody can single-handedly control, emcd. is cutting additional operational costs that hit miners with 5 easy solutions. One of the lowest comissions on the market How did a start-up make it to the top-10 BTC mining pools in the world? Easy — the service has a fixed commission rate of 5%. Hardly any pool in the world is ready to offer its miners to take away 98.5% of their rewards, but emcd. are playing the long game on the market (and so far, judging by volumes and users, they’re making the right call). Secure and user-friendly wallet Everything a miner makes goes to an internal wallet that is actually easy to use. Without shelling out extra commissions for transfers, users can convert currencies and withdraw money directly to their cards directly in the emcd. app. Moreover, there’s no minimal withdrawal amount, which is usually the case for platforms like this — if you want to withdraw each dollar one by one, nobody’s stopping you. A native P2P platform One of the biggest headaches miners have is withdrawing their rewards to fiat. And P2P exchanges remain one of the most popular solutions — even people who still haven’t heard of mining in 2023 know how to use them. emcd. Isn’t asking miners to ditch their long-trusted tool in favor of the built-in withdrawal features in the wallet, instead, they offer their own P2P platform, once again helping miners bypass unnecessary transfer commissions. 12% per annum on your balance Mining as a source of income is inevitably tied to issues in the rest of the economy, including unpredictable inflation, especially in regions where mining is an affordable additional income source. To make sure miners’ profits don’t devalue because of economic fluctuations, emcd. offers its own investment tools with rates better than any bank — 12% per annum. Live support No bots — only actual humans who respond in approximately 15 minutes 24/7. Don’t waste time searching for the code phrase that will finally get you to an operator, only to refresh the chat page for hours waiting for a response to urgent questions about your own assets. Will there be mining in 2023? And more importantly, is mining profitable in 2023, and what will happen with Bitcoin mining after Bitcoin halving? emcd. has answers for experts and newbies alike. The platform’s official Telegram offers all the current updates and news, reviews, and even cryptocurrency mining guides for newbies. Following the project’s progress! Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

One of the top-10 mining pools offers a comprehensive solution to crises that cryptocurrency miners face in 2023: emcd. Cyberbank — a cyberbank with a package of services that help miners make more without ‘additional costs’. Mining in 2023, with operational costs’ growth and a long cryptowinter, is becoming less and less profitable for miners. But one of the largest pools in the world has a solution: launching its own ecosystem aimed specifically at miners and other cryptocurrency users. The cyberbank from the leading pool offers users services from friendly commission-free withdrawal tools to investment tools with up to 12% per annum to raise mining profits. ‘Miners should make more money, and we know how to make it happen. We’re launching a neobank where miners will be able to fully manage their assets in a single app, without additional commissions and other costs.’ — emcd. team Top-5 Solutions from emcd. Mining on asics and videocards is no longer the ‘wild west’ it was at the dawn of crypto. Without pools and growing ecosystems it’s harder and harder for miners to manage assets and wait until investments and huge operational costs pay off. Who are emcd.? In 5 years, emcd. made the journey from a small startup to a major pool that made it to the top-10 BTC mining pools in the world. 270,000 miners from 120 countries already use the platform. emcd. decided to choose a comprehensive approach to miners’ issues, with a whole set of services for digital asset management. And even though mining always involves costs nobody can single-handedly control, emcd. is cutting additional operational costs that hit miners with 5 easy solutions. One of the lowest comissions on the market How did a start-up make it to the top-10 BTC mining pools in the world? Easy — the service has a fixed commission rate of 5%. Hardly any pool in the world is ready to offer its miners to take away 98.5% of their rewards, but emcd. are playing the long game on the market (and so far, judging by volumes and users, they’re making the right call). Secure and user-friendly wallet Everything a miner makes goes to an internal wallet that is actually easy to use. Without shelling out extra commissions for transfers, users can convert currencies and withdraw money directly to their cards directly in the emcd. app. Moreover, there’s no minimal withdrawal amount, which is usually the case for platforms like this — if you want to withdraw each dollar one by one, nobody’s stopping you. A native P2P platform One of the biggest headaches miners have is withdrawing their rewards to fiat. And P2P exchanges remain one of the most popular solutions — even people who still haven’t heard of mining in 2023 know how to use them. emcd. Isn’t asking miners to ditch their long-trusted tool in favor of the built-in withdrawal features in the wallet, instead, they offer their own P2P platform, once again helping miners bypass unnecessary transfer commissions. 12% per annum on your balance Mining as a source of income is inevitably tied to issues in the rest of the economy, including unpredictable inflation, especially in regions where mining is an affordable additional income source. To make sure miners’ profits don’t devalue because of economic fluctuations, emcd. offers its own investment tools with rates better than any bank — 12% per annum. Live support No bots — only actual humans who respond in approximately 15 minutes 24/7. Don’t waste time searching for the code phrase that will finally get you to an operator, only to refresh the chat page for hours waiting for a response to urgent questions about your own assets. Will there be mining in 2023? And more importantly, is mining profitable in 2023, and what will happen with Bitcoin mining after Bitcoin halving? emcd. has answers for experts and newbies alike. The platform’s official Telegram offers all the current updates and news, reviews, and even cryptocurrency mining guides for newbies. Following the project’s progress! Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

London, United Kingdon, August 3rd, 2023, ChainwireCoinMarketCap, the leading platform for cryptocurrency data, announces the launch of its groundbreaking CMC Crypto Fear and Greed Index. Designed to meet a crucial market need, this innovative index provides a wide-ranging and quantifiable assessment of fear and greed for the entire cryptocurrency industry.Amid recent market turbulence, it became evident that there is no crypto equivalent of the traditional Fear and Greed Index, a well-established tool for stock market analysis. Existing alternatives in the crypto space focus solely on Bitcoin, failing to capture the overall market sentiment of 20,000+ coins listed on CoinMarketCap.The CMC Crypto Fear And Greed index leverages an array of key components, meticulously engineered to provide users with valuable insights into the overall sentiment of the crypto market:Price Momentum: The index analyzes the price performance of the top 10 crypto coins by market capitalization (excluding stablecoins) through CoinMarketCap's API. By capturing trends in assets like BTC, ETH, XRP, BNB, and DOGE, it provides a more holistic view of market sentiment, as price fluctuations mirror fear and greed levels in the market.Volatility: Recognizing volatility's significant impact on market sentiment, the CMC Crypto Fear and Greed Index integrates the Volmex Implied Volatility Indices, BVIV and EVIV, capturing fluctuations across a broad selection of digital assets and reflecting crucial market data for enhanced decision-making.Derivatives Market: Option contracts provide insights into market participants' expectations for future returns. The put-call ratio is utilized to infer the sentiment of retail participants in the option markets. A higher ratio of puts to calls signals fear in the market, indicating that retail investors anticipate a bear market or a future crash.Market Composition: The relative aggregate value of BTC in the market serves as a vital indicator of market sentiment. The Stablecoin Supply Ratio (SSR) is employed for this purpose, measuring the ratio between Bitcoin's market capitalization and the total market capitalization of major stablecoins. A low SSR indicates a relatively larger stablecoin supply compared to BTC, while a high SSR signifies stronger BTC dominance. This metric not only represents the supply/demand dynamics between BTC and USD but also reflects the composition of the market.CMC Proprietary Data: CoinMarketCap analyzes social trend keyword search data, such as phrases like "crypto moon," to gauge market sentiment. Additionally, as a major traffic platform in the crypto industry, CoinMarketCap collects valuable pageview and engagement data, providing insights into market sentiment, retail interest, and emerging trends. By examining user engagement and behavior, the index identifies which coins and projects are generating the most interest, and which themes are driving market sentiment.With its comprehensive approach, the CoinMarketCap’s Crypto Fear and Greed Index provides a uniquely valuable perspective on the cryptocurrency market, empowering users to make better-informed decisions based on a deeper understanding of market sentiment. As a global leader in cryptocurrency data and research analysis, CoinMarketCap is committed to building innovative tools and resources for participants in the crypto industry.About CoinMarketCapCoinMarketCap is the world's most-referenced price-tracking website for crypto assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.ContactResearch LeadAlice [email protected]

London, United Kingdon, August 3rd, 2023, ChainwireCoinMarketCap, the leading platform for cryptocurrency data, announces the launch of its groundbreaking CMC Crypto Fear and Greed Index. Designed to meet a crucial market need, this innovative index provides a wide-ranging and quantifiable assessment of fear and greed for the entire cryptocurrency industry.Amid recent market turbulence, it became evident that there is no crypto equivalent of the traditional Fear and Greed Index, a well-established tool for stock market analysis. Existing alternatives in the crypto space focus solely on Bitcoin, failing to capture the overall market sentiment of 20,000+ coins listed on CoinMarketCap.The CMC Crypto Fear And Greed index leverages an array of key components, meticulously engineered to provide users with valuable insights into the overall sentiment of the crypto market:Price Momentum: The index analyzes the price performance of the top 10 crypto coins by market capitalization (excluding stablecoins) through CoinMarketCap's API. By capturing trends in assets like BTC, ETH, XRP, BNB, and DOGE, it provides a more holistic view of market sentiment, as price fluctuations mirror fear and greed levels in the market.Volatility: Recognizing volatility's significant impact on market sentiment, the CMC Crypto Fear and Greed Index integrates the Volmex Implied Volatility Indices, BVIV and EVIV, capturing fluctuations across a broad selection of digital assets and reflecting crucial market data for enhanced decision-making.Derivatives Market: Option contracts provide insights into market participants' expectations for future returns. The put-call ratio is utilized to infer the sentiment of retail participants in the option markets. A higher ratio of puts to calls signals fear in the market, indicating that retail investors anticipate a bear market or a future crash.Market Composition: The relative aggregate value of BTC in the market serves as a vital indicator of market sentiment. The Stablecoin Supply Ratio (SSR) is employed for this purpose, measuring the ratio between Bitcoin's market capitalization and the total market capitalization of major stablecoins. A low SSR indicates a relatively larger stablecoin supply compared to BTC, while a high SSR signifies stronger BTC dominance. This metric not only represents the supply/demand dynamics between BTC and USD but also reflects the composition of the market.CMC Proprietary Data: CoinMarketCap analyzes social trend keyword search data, such as phrases like "crypto moon," to gauge market sentiment. Additionally, as a major traffic platform in the crypto industry, CoinMarketCap collects valuable pageview and engagement data, providing insights into market sentiment, retail interest, and emerging trends. By examining user engagement and behavior, the index identifies which coins and projects are generating the most interest, and which themes are driving market sentiment.With its comprehensive approach, the CoinMarketCap’s Crypto Fear and Greed Index provides a uniquely valuable perspective on the cryptocurrency market, empowering users to make better-informed decisions based on a deeper understanding of market sentiment. As a global leader in cryptocurrency data and research analysis, CoinMarketCap is committed to building innovative tools and resources for participants in the crypto industry.About CoinMarketCapCoinMarketCap is the world's most-referenced price-tracking website for crypto assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.ContactResearch LeadAlice [email protected]

The company advised customers to gain access to their secret passphrase by October 1, 2023.

Singapore, Singapore, August 2nd, 2023, ChainwireAdditional account abstraction capabilities, including a social recovery feature, will be rolled out at a later dateOKX, a leading Web3 technology company, today announced the launch of a new account abstraction-powered Smart Account feature on its OKX Wallet, enabling users to pay for transactions on multiple blockchains using USDC or USDT.OKX Wallet will soon launch additional account-abstraction powered features, including social recovery functionality. This will enable users to select trusted "guardians" from their social network to help them recover their Smart Account if they lose their keys.OKX Wallet is one of the first wallets in Web3 with multi-chain account abstraction support. With Smart Account, users can now interact with multiple contracts in a single transaction. This enhances composability for advanced users and adds convenient features for beginners, creating a more user-friendly and intuitive wallet experience.OKX Chief Innovation Officer Jason Lau said: "Our aim is to provide our users with the most accessible, secure, and powerful Web3 gateway. The Smart Account feature will play a significant role in achieving this goal. Account abstraction technology is a game-changer for the broader adoption of Web3 and enables new use cases and user experiences. We are excited to share more as we continue to build on top of this feature."Account abstraction simplifies crypto transactions by enabling the creation of Web3 wallet accounts that conceal the more technical details of their on-chain interactions behind a more accessible and user-centric interface. This is achieved by combining users' smart contracts and Externally Owned Accounts (EOAs) into a single "smart" account, providing a more unified Web3 experience.The account abstraction-powered Smart Account simplifies some of the complexities of blockchain transactions; for example, one of the biggest painpoints that users face is the need to navigate the complex transaction process and decipher technical terms such as 'gas fees' and 'Gwei.' Smart Account addresses this painpoint by reducing the number of steps required to complete a token swap or trade to just one click.OKX Chief Marketing Officer Haider Rafique said: "We promised our customers and the larger DeFi community that we would prioritize security and interoperability as we build our Web3 wallet and apps. We support 60+ cross-chains, Multi-Party Computation (MPC), and now with Smart Account, we offer a stablecoin account that can interact with transactions on multiple blockchains without the need for a specific blockchain's native token, with a social recovery feature coming soon. This is a game-changer, and we believe it has the ability to make transactions between chains a lot more seamless."Additional benefits of OKX Wallet's Smart Account feature include:Gas fee-relatedThe option to pay for gas on any of the supported chains using stablecoins USDC and USDT.Users can also conduct gasless transactions if third-party dApps choose to sponsor their on-chain interactions.Elimination of the need for users to pay gas fees with each individual chain's native token.Simplified token swaps and staking Smart Account combines multiple stages of the swap and staking process into a single step. Users can exchange tokens and earn interest by staking crypto with just one click.OKX Wallet currently supports account abstraction technology on seven blockchains: Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche and OKT Chain. It is also the first Web3 wallet to utilize multi-party computation (MPC) technology across 37 blockchains, eliminating the need for traditional written down keys and seed phrases by splitting a user's private key into three parts, greatly improving security and eliminating a single point of failure.About OKXA leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:OKX Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 50 blockchains while allowing them to take custody of their own funds. The wallet Includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrasesDEX: A cross-chain decentralized exchange which aggregates nearly 200 other DEXs, with 200,000+ coins on more than 10 blockchains available.NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.Web3 DeFi: A powerful DeFi platform that supports earning and staking on 80 protocols across 15 chains.OKX partners with a number of the world's top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.To learn more about OKX, download our app or visit: okx.comDisclaimerThe information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at [email protected]

Speaking to Cointelegraph, Entero Positivo argued typical seed phrase storage methods are too obvious, so he devised a way to hide a crypto wallet in plain sight.

The "Evergreen Siezenals" garden flag is selling for $39.98 at Lowe's. It features the phrase "cc0 summer 2023" and mfers characters and comes with a replica NFT that can be redeemed online.

Trezor doesn’t plan to introduce any private key recovery tools as it has provided all possible tools to help users secure the seed phrase, CEO Matej Zak said.

The increase in Trezor purchases coincides with a major debate over Ledger's seed phrase recovery feature.

The private seed phrases of Ledger users could be shared with governments if they are ordered to, but this is “not a real concern,” says CEO Paul Gauthier.

This week’s Crypto Biz explores Tether’s first quarter audit, Ripple’s partial victory against the SEC, Worldcoin fundraising and Ledger’s controversial recovery service.

Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities only if a user chooses to opt-in to the new service.