A lot of companies and service providers are rolling out staking support for Tezos. The latest company to do so is Ledger, as its Live software now lets users stake XTZ.
Ledger is best known for providing hardware wallets to customers all over the world.
LEDGER ENABLES FULL TEZOS SUPPORT
Their devices are both relatively cheap and extremely powerful, at least for the supported currencies.
In a recent blog update, the company unveiled how their Ledger Live toolkit has received a big update.
It already had support for 23 currencies and over 1,250 ERC20 tokens prior to this news.
The big change is how Ledger Live now supports Tezos as a currency.
Furthermore, users can keep their XTZ in the hardware wallet and begin staking coins for extra rewards.
By enabling this staking support, Tezos holders can receive rewards for securing the network through a hardware wallet.
This is very different from collecting rewards through supporting exchanges.
Those platforms do not provide the same level of security and convenience compared to Ledger’s solution.
Additionally, users have full control over their staking coins as well as the rewards they earn in the process.
This will not be the final update Ledger makes to its core software either.
The company will keep building tools for other currencies, tokens, and assets accordingly.
There is a lot more to cryptocurrnecies than just the supported two dozen markets.
Google removes Ethereum wallet client MetaMask from its app store
Google has removed Ethereum wallet client MetaMask from its android app store. The appeal to reverse the ban has also been denied.
MetaMask tweeted that Google took down the Ethereum wallet client under their policy of not allowing crypto mining apps on the app store but MetaMask is not a crypto mining app. The appeal to reverse the ban has also been denied by giving the same reason. MetaMask is an ETH wallet and decentralized application browser.
Not the first time Google suspended Metamask.
In July 2018, the app was abruptly removed from the Chrome Web Store, but when the crypto community raised their voice against the decision, the tech-giant quickly reinstated the app on its platform. Google-owned YouTube also censored several crypto-related content on its platform without any prior notifications. But the company has admitted its mistake and is working to re-enable the deleted videos.
If left banned, developers will find another way.
The MetaMak’s team tweeted that if left banned, they will find another way to make the app available to their android users. Several big names from the crypto community have raised their concerns about the Google censorship on cryptocurrency. Binance CEO, Changpeng Zhao, and Tron founder criticized the centralized platform. Google play store replied to the MetaMask tweet, saying that they have escalated the issue to the relevant team for further investigation.
VeChain Buyback Crypto Wallet Hacked of 1.1 Billion VET
Cybercrime is rife across the crypto industry, ranging from SIM-card swap hacks, phishing attempts, password cracking, and even cryptocurrency mining malware. Today, the altcoin project known as VeChain experienced that first hand.
The project’s buyback wallet containing a substantial amount of VET tokens was hacked, and the VeChain Foundation is now hard at work doing their best possible damage control and trying to lock down the stolen assets.
VET Buyback Wallet Compromised, 1.1 Billion Tokens Stolen
According to the VeChain Foundation, via both Twitter and a detailed Medium post further explaining the incident in full, on December 13 at 8:27PM, the foundation’s buyback wallet was “compromised” with hackers making off with “approximately 1.1 billion VET tokens.”
The hacker transferred the 1.1 billion stolen VET tokens, valued at roughly $6.4 million at current VET prices, to the blockchain address 0xD802A148f38aBa4759879c33E8d04deb00cFB92b. The VeChain Foundation has tagged the address, so that any addresses the hacker attempts to move the funds to can also be traced, in hopes of preventing the hacker from ever cashing out the stolen crypto.
VeChain Foundation Vows To Get To The Bottom Of Hack
The VeChain Foundation has taken a number of steps to prevent further issues from arising from the hack, including immediately coming forward to the community with details as soon as possible after the hack occurred.
In addition, they’re reaching out to all
VeChain Foundation has also enlisted a team of blockchain and cybersecurity experts to assist with the research, and are conducting a security check of all other wallets related to the foundation to ensure no other wallets have been compromised. Lastly, the incident was reported to local law enforcement in Singapore, who will also investigate the crime further.
The team plans to issue another update once more information is available and is doing its best to be transparent with holders of VeChain tokens.
VeChain had been climbing in recent weeks on the heels of a mention in a Chinese newspaper but has since collapsed following the hack. VeChain has fallen over 6% in the last hour since the news broke across the internet and crypto Twitter and is down 15% over the last week as the asset’s rally began to cool off.
Hackers flock to cryptocurrencies, according to one Google security expert, who says that they can’t resist the layer of psuedo-anonymity they provide and the fact they exist digitally, making it easier for them to access as a result.
MyEtherWallet is About to Add the New Dai Collateral
MyEtherWallet is going to present its users with a new version of Dai collateral.
MyEtherWallet (MEW) is adding new options. Its newest one includes multi collateral Dai, which is currently on a roll.
According to MyEtherWallet Twitter handle, Maker Dao has launched multi-collateral Dai. The tweet reads “MEW will begin providing support for migration to MCD starting Tuesday next week (November 26th).
In a corresponding Medium post, the company states that the original Dai token has a new name.
“The new Multi-Collateral Dai token will be known as Dai going forward. CDPs are also being renamed, and will now be referred to as Vaults. For complete information on terminology and functionality changes that are coming with MCD, head to MakerDAO’s blog,” the post reads.
So what are the changes? Previously, the old Dai solely supported ETH as collateral. Now, new options will be available. The MKR
According to the post, “Multi-Collateral Dai will become available on MEW on November 26th, a week from tomorrow. We will post detailed instructions for the migration process at that time.”
However, if you feel like you can’t wait any longer, then it’s possible to start the migration now. Thus, you can perform the migration of Collateralized Debt Positions via this link migrate.makerdao.com.
Overall it seems like Dai is securing the trust of multiple companies. Just recently, it emerged that Coinbase plans to upgrade from the current single-collateral Dai to the new multi-collateral Dai version. For instance, users may upgrade to multi-collateral Dai themselves with the separate Coinbase Wallet app.
Previously, Altcoin Buzz reported that MEW presented in-built burn addresses. The addition’s aim is to make user experience more private and anonymous.
Besides, last year MEW made an interesting revelation. The wallet disclosed that it neutralizes as many as 40 hacking attempts a week.