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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Forbes has launched Connect Wallet, a platform offering free access to premium content and allowing users to participate actively in Forbes’ web3 coverage.  In a press release shared with crypto.news, the platform will serve as a crypto storage solution and a gateway to an exclusive club that empowers users to co-create content and tap into expert advice and investment signals.  You might also like: Forbes partners with Galxe to build web3 community Forbes has partnered with Magic, a leading web3 infrastructure provider, to ensure seamless onboarding and reliable service. So far, Magic has created over 25 million wallets for companies such as Mattel, Macy’s, Immutable, Magic Eden, and 7-Eleven. The collaboration marks a significant step towards web3’s mainstream adoption. Most importantly...

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...

The upcoming MetaMask Snaps will allow users to interact with different blockchains like Bitcoin and Solana from inside their MetaMask wallet. MetaMask’s eagerly awaited Snaps will allow users to interact with a variety of different blockchain networks, receive updates from projects and will help demystify what’s happening in complex transactions, says Consensys head of strategy Simon Morris. Speaking to Cointelegraph on Sept. 6 at Korea Blockchain Week, Morris shared that MetaMask Snaps will function a lot like an Apple App Store for the crypto wallet , allowing third-party developers to launch new decentralized applications (DApps) — dubbed Snaps — that expand MetaMask’s functionality. Morris explained the first round of released Snaps will undergo security checks and be whitelisted by developers at Consensys. In the future, the goal is to make the process as permissionless as releasing apps on the web. The upgrade — which Morris said is coming sometime later this year — will see u...

The anonymous Bitcoin whale is up over 600,000% from their 2011 purchase of BTC at $4.92. A dormant Bitcoin (BTC)  wallet holding over 1,037 Bitcoin — worth $31 million at current prices — has suddenly awoken after an 11-year slumber, transferring out its entire stash.  The 1037 BTC was transferred amid a Bitcoin price of $29,956 and took effect at block height 799701 — approximately 10:51 am UTC on July 22, according to BitInfoCharts. The long-dormant address obtained the 1,037 BTC on April 11, 2012, when BTC's price was only $4.92, on-chain analytics platform Lookonchain stated on July 22. This means at the time, the stash was only worth around $5,108. A BTC whale that has been dormant for 11 years transferred all 1,037.42 $BTC($37.8M) to a new address"bc1qtl" an hour ago. The whale received 1,037.42 $BTC($5,107 at that time) on Apr 11, 2012, when the price was $4.92.https://t.co/k8ZmO5vc8X pic.twitter.com/xBaw2dQfY8 — Lookonchain (@lookonchain) July 22, 2023 Data...