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Wallets

Robinhood Testing New Crypto Wallet Features

  • Information in the code of Robinhood's iPhone app revealed that the company was testing out crypto withdrawals.
  • If launched, the features would enable users to manage their cryptocurrencies in the app and transfer them to external wallets.

El Salvador Recognizes Bitcoin as Legal Tender, Buys 200 BTC

  • El Salvador is now the first country in the world to recognize Bitcoin as legal tender, with its BTC Law coming in effect today.
  • Yesterday, the country's president confirmed his government had purchased 200 BTC as part of a $150 million Bitcoin fund.

BBVA Switzerland Launches Crypto Wallet

  • The crypto wallet is part of BBVA's Next Gen digital investment account.
  • The wallet will be integrated into BBVA's mobile banking app and enable users to track BTC alongside other assets and investments.

Facebook’s Novi Wallet Could Support NFTs

  • During an interview with Bloomberg on Tuesday, David Marcus revealed the social media giant was looking to implement support for NFTs through its Novi wallet.
  • Marcus further said that while the wallet was "ready to launch", Facebook has postponed its release until the Diem project has received regulatory approval.

Honor Releases First Smartphone With Digital Yuan Hardware Wallet

  • Powered by a Snapdragon chip, Magic 3 will be the first smartphones to support a digital yuan hardware wallet, providing a financial payment-level security protection.
  • Honor is one of China's largest smartphone manufacturers, which separated from Huawei back in 2020 to avoid U.S. sanctions.

Valora Separates from Celo, Raises $20M

  • The mobile digital wallet built for the Celo network revealed it will be separating from its parent firm cLabs, and will now operate as an independent company.
  • The new company also announced it has closed a $20 million Series A funding round led by Andreessen Horowitz.

Square Working on BTC Hardware Wallet

  • It only took Square one month to float the idea of a hardware wallet on Twitter, and then start assembling a team to work on the project.
  • The wallet is likely to prioritize mobile use, support multi-signature transactions, and offer users "assisted-self-custody".

Ledger Live Enables Crypto Buying in U.S.

  • The new feature was made available through a partnership with blockchain-based payments firm Wyre, which will offer its services exclusively to U.S. customers.
  • Wyre has not only expanded the number of states the service is available in, but also increased the amount of tokens and coins available on Ledger Live.

Ledger Live Integrates Paraswap to Enable Instant Token Exchange

  • Paraswap will aggregate data from DEXs like Uniswap, Compound, and Sushiswap to provide the best prices and lowest fees.
  • Users private keys will remain secure with their Ledger hardware wallets while swapping through the Ledger Live app.