FinTech news in crypto wallet category

This is an extension round as the valuation of the company isn’t changing — €1.3 billion ($1.41 billion at today’s exchange rate). In the current funding environment, raising at the same valuation is already quite impressive.

The Ledger Extension is compatible with Ethereum- and Polygon-based dApps and platforms and plans to support more EVM-compatible chains and Solana in the future, the company shared.

Ethereum is promoting smart contract wallets as the future of Ethereum, so dApp developers will feel incentivized to make the switch, reckoned Zeng, an active member of the Ethereum community.

The distressing loss prompted Le Nguyen to develop security solutions for crypto transactions with the help of his co-founder Jake Harwood, an effort that eventually became Staging Labs.

Coinbase wallet as a service (WaaS) is a scalable set of wallet infrastructure APIs that allow companies to create and deploy customizable on-chain wallets to their users.

While there are a number of web3 security companies out there, Stelo Labs focuses on helping prevent malicious transactions, phishing and social engineering for Ethereum-based users, Dhesi said.

The wallet also allows users to link their social identity from other sites and curate their profiles with their own NFTs from multiple wallet accounts and blockchains. The funding round included Lobby Capital, Relay Ventures, 6th Man Ventures, Tapestry, Upside and Scribble, as well as angel investors from traditional social media and web3 groups like former heads of Instagram, Novi product and engineering and former executives from Airbnb, Twitter, Uber, OpenTable and Eventbrite, among others. Today, its beta wallet is available to the public on iOS and Android after completing a 30-day private testing phase, Mike Dougherty, co-founder and CEO of Easy, said to journalist. In the app, people can also send crypto and tokens to profiles and real usernames, rather than a random variation of numbers and letters (which often make up one’s crypto wallet address), Swint said.

Notably, Robinhood says it won’t charge Robinhood Wallet users network or gas fees for transactions, differentiating its non-custodial offering from other popular non-custodial wallets such as Metamask and Coinbase Wallet. Robinhood rolled out a custodial crypto wallet to its users earlier this year and says it plans to complete a full rollout of the non-custodial wallet to 1 million+ users on the waitlist after the beta is complete, sometime before the end of 2022. Over time, the Robinhood team plans to build out multichain support for the wallet beyond the Polygon ecosystem, Robinhood crypto product manager Seong Seog Lee told journalist. Robinhood is finally rolling out a beta version of its non-custodial crypto wallet to 10,000 customers on its waitlist after announcing the product in May, its CTO and general manager of crypto, Johann Kerbrat, told journalist.

The Tel Aviv-based firm aggregates crypto data across different wallets, accounts and platforms, so crypto entities’ financial teams can better understand what happening internally at their business without needing the crypto-native knowledge and experience to gather the information, Zackon said. Its platform can onboard any on-chain or centralized finance data sources and enable financial workflows like balance calculations or auditing and reporting so businesses can monitor and manage their web3 assets both on-ramp and off-ramp, Zackon added. To date, Tres has monitored and analyzed more than $40 billion of crypto assets for customers like Hivemind Capital, non-custodial staking platform Stakely and blockchain infrastructure firm Blockdaemon across the U.S., Israel and Europe, its press release stated. Something like that doesn’t exist today, you have to look at Ethereum data or Solana data one at a time.

This validity proof is then posted to the main Ethereum blockchain, and Layer 2 transactions can’t be altered because they won’t comply with the validity proof. In order to bring transaction fees down, transactions could be handled off the main Ethereum blockchain (the Layer 1).

Web3Auth, a non-custodial key infrastructure solution for web3 apps and wallets, wants to solve these problems by leveraging social accounts and devices that mainstream users already own to enable users to manage their keys intuitively.