Wallet

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team. In this issue: Berachain Taps Ethereum’s Pectra Playbook …

A representative of the Trump Organization said the group “knows nothing” about a crypto wallet project called the “$TRUMP Wallet,” despite the app’s branding and claims being tied to the U.S. president. “The Trump Organization knows nothing about …

Cryptocurrency exchange Bybit’s CEO Ben Zhou said that 27.95% of the funds lost in the $1.4 billion exploit engineered by the North Korean Lazarus Group have gone dark or become untraceable. “Total hacked funds of USD 1.4bn around 500k ETH. 68 …

Web2 marketers have long had tricks to track down and “acquire” (in isim speak) likely customers. But Web3? Not so much, says ad-tech exec Asaf Nadler. His company Addressable, is out with a new service that Nadler, the chief operating …

Avara, the parent company of decentralized finance (DeFi) platform Aave, has simplified its self-custody Family Wallet by replacing complicated seed phrases with emails and SMS, making wallet creation and recovery painless in a bid to onboard more …

Baanx, a cryptocurrency debit card enabler for the likes of MetaMask and 1inch, has introduced a rewards wallet combining on-chain finance with traditional loyalty perks and discounts, using underlying technology from Circle, the provider of the USDC …

Part of their new roadmap includes adding features that make the wallet experience easier for users.

The apparent stand-off mirrors that of WazirX and Liminal Custody, which blamed each other following a $230 million exploit last July.

The exchange, facing a bank run and needing to process withdrawals, worked to secure a loan and developed new software to access frozen funds.

Lazarus Group was behind Bybit’s $1.5 billion hack on Friday, Arkham Intelligence said, citing ZackXBT.