Connect with us

Tech

N26 Mobile Bank Partners With Bitpanda to Launch a New Crypto Product

sky0x.eth

Published

on

The German mobile bank N26 and the Austrian Bitpanda crypto firm have partnered to launch a product called “N26 Crypto” that will enable users to buy and sell 200 different crypto assets, such as Bitcoin and Ethereum, within the N26 app.

The Mobile Bank strives to offer the same simple and intuitive user interface to make the complicated nature of trading cryptocurrencies as seamless as possible. 

Also, it aims to provide helpful and relevant content to educate users who are learning about the asset class for the first time.

Only Austrians Can Access N26 Crypto For Now

According to an October 20th statement released, the recently introduced product will begin in Austria and expand to other nations over the next few weeks.

This debut in Austria, as per the bank, satisfies “high local demand,” with 40% of N26 clients either actively trading in cryptocurrencies or expressing interest in doing so.

However, clients who have completed the identity verification and eligibility checks for their N26 can access N26 Crypto from the “Trading” area under the new “Finances” page in the N26 app.

N26 Mobile Bank Partners With Bitpanda to Launch a New Crypto Product

They only need to choose the coin and the amount they wish to trade to create a position; the monetary equivalent of the trade will then be taken from their bank account, and the coins will appear right away in their N26 Crypto portfolio.

They claim that the same applies when users choose to end an open position in their N26 Crypto, with funds being made available in their main bank account after the position is closed.

A Simple Way to Invest In Cryptocurrencies

Although the value of cryptocurrencies has decreased over the past year, co-founder and co-CEO of N26, Valentin Stalf, said that they are still a sought-after and intriguing asset class for investors and a burgeoning component of the financial system.

“Cryptocurrency trading is often the entry point to investing for a new generation of investors who are looking to explore ways to grow their wealth,” he proceeded. “With N26 Crypto, we are offering a simple way to trade and invest, with great user experience and low and transparent fees.”

Accordingly, the product, which will initially offer 100 coins for trading, will allow N26 Metal customers to make transactions with a transaction fee of 1% for trading Bitcoin and 2% for trading all other available cryptocurrencies, while all other N26 customers will be able to trade Bitcoin with a transaction fee of 1.5% and a fee of 2.5% for trading other cryptocurrencies.

The post N26 Mobile Bank Partners With Bitpanda to Launch a New Crypto Product appeared first on The Cryptocurrency Post.

Tech

Tether Unveils Official Recovery Tool Amidst Market Cap Milestone

Avatar

Published

on

TL;DR

  1. Tether, the issuer of the world’s largest stablecoin USDT, has launched an official recovery tool to help users transfer their USDT holdings from unresponsive blockchains, ensuring continuous availability and safety of USDT.
  2. The recovery tool provides a user-friendly interface for verifying ownership and migrating USDT to supported blockchains, offering a simple solution for potential challenges within the blockchain network.
  3. Tether’s recovery tool works seamlessly with widely used browser extension wallets and hardware wallets such as Ledger and Trezor, reflecting the company’s commitment to user safety, service continuity, and cross-functionality.

Tether, the issuer of the world’s largest stablecoin USDT, has announced the launch of an official recovery tool. This tool is designed to help users transfer their USDT holdings from blockchains that are currently unresponsive. This move is part of Tether’s commitment to ensuring the continuous availability and safety of USDT for all its users worldwide.

The announcement comes at a time when USDT reached a significant market capitalization milestone of $100 billion on March 4th. This represents a notable growth of 9% year-to-date. The recovery tool offers a user-friendly interface for verifying ownership and migrating USDT to supported blockchains, thereby ensuring uninterrupted access to funds.

The recovery tool offers a simple remedy for potential challenges within the blockchain network, enabling users to transfer their USDT to a different blockchain that is supported. This aligns with Tether’s philosophy of maintaining the utility, security, and accessibility of USDT across multiple blockchains.

Tether’s Recovery Tool: Seamless Integration with Browser Extension Wallets

Tether Unveils Official Recovery Tool Amidst Market Cap Milestone

The recovery tool features a friendly interface that allows users to quickly verify their addresses on an unresponsive blockchain and choose a recipient address on an alternate supported blockchain. The tool can be used through web and command-line interfaces, catering to a variety of user preferences.

This system is designed to work seamlessly with widely used browser extension wallets and hardware wallets such as Ledger and Trezor, ensuring a secure and straightforward process. Tether prioritizes cross-functionality and ease of access, demonstrated by the availability of USDT on nearly 15 different blockchains, including but not limited to Bitcoin, Ethereum, Polygon, Solana, Tron, and Tezos.

The company conducts stringent due diligence before partnering with a new blockchain to evaluate potential risks and threats, reflecting its proactive approach to risk management and operational resilience. 

Tether’s development of the recovery tool underscores the company’s commitment to user safety and service continuity, particularly in emerging markets and developing countries where USDT is prevalent in daily financial transactions. 

The firm’s announcement underscores the importance of ensuring USDT’s availability and security in all conceivable situations, including those that affect the functioning of blockchains.

The post Tether Unveils Official Recovery Tool Amidst Market Cap Milestone appeared first on The Cryptocurrency Post.

Continue Reading

Tech

The Crypto Heist of the Year: A Hacker’s Multi-Platform Attack

sky0x.eth

Published

on

A series of hacks on Twitter and Discord have resulted in the theft of millions of dollars worth of crypto from unsuspecting victims. The hacker, who goes by the name of Pink Drainer, has been linked to several incidents involving fake tokens, phishing links, and social engineering attacks.

One of the most notable hacks was the hijacking of the Twitter account of OpenAI CTO Greg Brockman, who is a prominent figure in the crypto space. The hacker used his account to promote a fake OpenAI token, claiming that it was a new project by the artificial intelligence research company. The hacker also sent direct messages to Brockman’s followers, asking them to join a Discord server and invest in the token.

According to Scam Sniffer, a platform that tracks crypto scams, Pink Drainer has stolen over $3 million from nearly 2000 victims across different blockchains, including Mainnet, Arbitrum, BNB, Polygon, and Optimism. The hacker has also targeted several DeFi projects, such as Evomos, Pika Protocol, and Orbiter Finance, by impersonating journalists from reputable media outlets and sending phishing links to their communities.

The phishing links usually redirect the victims to a fake website that mimics the original one but asks them to enter their private keys or seed phrases to access their wallets. Once the victims do that, they lose control of their funds and the hacker transfers them to his own addresses.

Crypto Hacks

Crypto Hacks Took a Serious Plunge in the Last Quarter

Pink Drainer’s activities have been exposed by several crypto enthusiasts and researchers, who have traced his transactions and identified his addresses. However, the hacker has been using various techniques to evade detection and prosecution, such as using crypto mixers, changing addresses frequently, and moving funds across different chains.

The crypto industry has been facing a growing number of hacks and scams in recent years, as hackers exploit the vulnerabilities of decentralized platforms and the lack of regulation and oversight. Hackers stole approximately $400 million from crypto projects across 40 attacks in the first quarter of 2023, representing a 70% decrease compared to the same period in 2022.

The report attributed this drop to the sanctions imposed on Tornado Cash, a crypto mixer that was used by many hackers to launder their proceeds.

The post The Crypto Heist of the Year: A Hacker’s Multi-Platform Attack appeared first on The Cryptocurrency Post.

Continue Reading

Tech

Coinbase Announces Launch Date for Its Innovative Base Protocol

sky0x.eth

Published

on

Coinbase, one of the leading cryptocurrency platforms in the world, has announced the testnet launch of Base, a new Ethereum Layer 2 (L2) network that aims to bring the next billion users to web3. It is a secure, low-cost, developer-friendly solution that allows anyone to build decentralized applications (dapps) on-chain.

Base is built on top of Optimism, an open-source project that enables scaling Ethereum using optimistic rollups. It leverages the underlying security of Ethereum, along with Coinbase’s best practices, to enable users to easily and safely access Base from Coinbase, Ethereum L1, and other interoperable chains.

Coinbase Aims to Onboard One Billion People Worldwide

Base is designed to be a home for Coinbase’s on-chain products and an open ecosystem where anyone can build. Developers can benefit from seamless Coinbase product integrations, easy fiat onramps, and powerful acquisition tools that enable them to reach the 110M+ verified users and access $80B assets on the platform in the Coinbase ecosystem. 

Coinbase Base

It also offers full EVM equivalence at a fraction of the cost and is committed to pushing forward the developer platform. For example, developers can set up gasless transactions for their dapps with easy APIs for account abstraction, and securely build multichain applications with easy-to-use bridges.

The protocol aims to be decentralized, permissionless, and open to anyone with the vision of creating a standard, modular, rollup agnostic Superchain powered by Optimism. Coinbase is joining Optimism as a Core Dev on the open-source OP Stack, and working to create a thriving community of other developers. It has no plans to issue a new network token. Developers can get started building on Base today at base.org.

 By offering a secure, low-cost, developer-friendly Ethereum L2 network that is empowered by Coinbase and open source, Base hopes to enable anyone, anywhere, to build dapps that can scale and reach mass adoption. It is expected to launch its mainnet later this year.

The post Coinbase Announces Launch Date for Its Innovative Base Protocol appeared first on The Cryptocurrency Post.

Continue Reading

Trending