Crypto News
Discover How Core Wallet is Revolutionizing Crypto Self-Custody Simplicity
“Not your keys, not your crypto,” is one of the defining catchphrases of crypto—and it’s only become more prominent over the past year, as the risks of keeping crypto on centralized exchanges were thrown into sharp relief by the collapse of FTX. As user deposits on the doomed exchange vanished, Google searches for “self-custody” reached their highest-ever levels. Ava Labs is looking to change this with Core wallet, a cross-platform crypto wallet that aims to make fully-functional self-custody as simple as keeping crypto on an exchange. Core allows users to import and manage their private keys into one secure platform for unified management, and also incorporates features to address newcomers’ concerns around safety, complexity, and asset recovery. Core Wallet enables users to easily bridge and swap assets, and users can use it to interact with decentralized applications (Dapps), decentralized finance (DeFi), GameFi, and NFTs. Core Wallet also lets users view information about their NFTs directly from within their wallet, without leaving the app. Ava Labs believes that Core’s combination of simplistic onboarding, ownership of your own assets, and a good product support team provides a good starting point for a broader audience looking to get an introduction to self-custody. To experience Core for yourself, download Core on the Apple App Store, Google Play Store or the Chrome Web Store.
This article discusses the launch of Core wallet, a cross-platform crypto wallet by Ava Labs that aims to make self-custody of crypto assets as simple as keeping them on an exchange. Core wallet allows users to bridge and swap assets, view information about their NFTs, and interact with decentralized applications (Dapps), decentralized finance (DeFi), GameFi, and NFTs. The wallet also allows users to import and manage their private keys into one secure platform, and includes features to address newcomers’ concerns around safety, complexity, and asset recovery. This is good news for crypto users as Core simplifies self-custody and provides a secure platform for users to manage their own assets. #Crypto #SelfCustody #CoreWallet #NFTS #AvaLabs
You can read more about this topic here: Decrypt: How Core Wallet is Making Crypto Self-Custody Simple
The post Discover How Core Wallet is Revolutionizing Crypto Self-Custody Simplicity first appeared on Byte Syze Crypto.
Tron founder and advisor to the exchange, Justin Sun, has stated that Huobi could get a Hong Kong crypto license in six to twelve months. Specifically, Sun told Coindesk that the exchange applied to become a virtual asset service provider (VASP) last week. Additionally, Sun discussed the process of the VASP application and his belief that the crypto exchange could have an answer by the end of the year. Huobi had recently relocated to Hong Kong, aiming to launch Huobi Hong Kong by the summer. Sun was asked about embracing potential competition in the Canadian market and noted the strict regulatory standards in the country, referring to the Caribbean, Hong Kong, and Japan. There has been no verification of other cryptocurrency exchanges that have applied for a similar license, however, Coindesk reported Sun’s expectation that five to six other exchanges could make the move.
This news is good for Huobi as they are in the process of obtaining a crypto license in Hong Kong, which would allow them to operate in the region and serve customers. Other exchanges may also apply for the license, and the grace period given to the exchange could provide them with the opportunity to get approval in the next six to twelve months.
#Huobi #HongKong #CryptoLicense #VASP #JustinSun
You can read more about this topic here: Watcher Guru: Justin Sun Says Huobi Could Get Hong Kong Crypto License in 6-12 Months
The post Justin Sun Predicts Huobi Crypto Exchange to Secure Hong Kong License in Under a Year first appeared on Byte Syze Crypto.
#CryptoSafety #RugPulls #DefiExploits #ProtectInvestors
You can read more about this topic here: Watcher Guru: Crypto Rug Pulls Outvalued Defi Attacks in May, $45 Million Lost
The post Crypto Rug Pulls: How $45 Million In Defi Attacks Were Lost In May first appeared on Byte Syze Crypto.
The Commodity Futures Trading Commission (CFTC) has proposed a re-modelled rule-set for risk management as part of its effort to respond to the U.S. banking crisis. Commissioner Christy Goldsmith Romero highlighted the need for such regulations due to the risks posed by the emergence of technologies like crypto, AI, and cloud services. The CFTC’s advance notice of proposed rulemaking will be open for public comments for 60 days. The final version will then be voted upon. #CFTC #RiskManagement #Crypto #Regulations
You can read more about this topic here: Watcher Guru: Crypto: U.S. CFTC Looking to Change Risk Rules
The post CFTC Set to Revamp Risk Regulations: How it Impacts the Crypto Industry first appeared on Byte Syze Crypto.
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