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The market research firm Technavio’s new report shows that the crypto wallet market will grow by $686 million by 2026. The report is called “Crypto Wallet Market by Product and Geography – Forecast and Analysis 2022-2026.” Technavio estimates that the potential growth of the crypto wallet market from 2021 to 2026 will be over $686 million. This growth is driven by people’s increasing interest in digital currencies, which offer faster and cheaper bank transfers, a surge in e-commerce, higher currency transactions in low-income nations, and a rise in international remittances. Cryptocurrencies, having a limited supply defined by mathematical algorithms, serve as a reliable long-term store of value, making them attractive to investors, Technavio claims. Crypto wallet geography The crypto wallet market is categorized by product into software-based and hardware-based wallets and by geography across North America, Europe, APAC, South America, and the Mid...

HashKey Capital highlighted risks such as reduced competition, increased risk of censorship, decreased security and collusion by big players. As it continues to grow, liquid staking brings considerable risks to the space and needs better decentralization, according to a report published by digital asset firm HashKey Capital.  According to the report , the overall liquid staking derivatives (LSD) market has surged to more than $22 billion in total value locked in 2023. In addition, the market capitalization of LSD projects has reached $18 billion. Overview of the liquid staking derivatives market in 2023. Source: HaskKey Capital While the growth of LSD protocols may be good for their respective communities and tokenholders, it also could be a double-edged sword. According to the report, it could harm the Ethereum ecosystem in various ways. As the table above shows, many LSD protocols rely on a small number of node operators that centralize a large number of validator nodes. Accord...

While Terraforms’ Do Kwon and Han Chang-jun are facing charges in Montenegro, the other co-founder, Shin Hyun-seung, still walks free in South Korea. Prosecutors in Montenegro have report edly issued the indictments to Terra co- founder Do Kwon after arresting the executive in late March. The Prosecutor’s Office of the State of Podgorica has indicted former Terraform Labs co-founder and former CEO Kwon for allegedly forging legal documents, the Korean industry-focused news agency Block Media reported on April 20. The charges came a few weeks after Kwon was arrested on March 23 while trying to board a private plane at an airport in Podgorica, the capital of Montenegro. He allegedly was using fake documents while attempting to board the flight to Dubai. Terraform Labs co-founder and former CEO Do Kwon. Source: Block Media Han Chang-jun, Terraform’s former chief financial officer, is facing similar charges, the report says. Han was arrested with Kwon in Podgorica in March. Following th...