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Crypto Exchange Binance Rolls Out Its First Ever Self-Custody Web3 Wallet

Binance hopes to remedy that with multi-party computation (MPC), which removes the need for users to memorize seed phrases without compromising the benefits of security and self-custody. MPC involves a private key being broken up into three parts called key shares, with two of the three key shares being controlled

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VC firm a16z crypto spearheads $4.2m seed funding for web3 company Pimlico

UK-based Pimlico has raised $4.2 million in a seed funding round led by a16z crypto, aiming to improve the Ethereum network by introducing versatile smart accounts through ERC-4337. Pimlico, a UK-based web3 infrastructure firm, has successfully secured $4.2 million in seed funding, a substantial boost spearheaded by a16z crypto. The company

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SK Telecom to Introduce New Web3 Wallet in Collaboration with Aptos and Atomrigs Lab

With the number of people involved in crypto in South Korea, SK Telecom aims to expand the accessibility of its wallet to attract more users and improve adoption in the country.  SK Telecom, one of South Korea’s leading telecommunications giants, has announced its partnership with Aptos Network, a layer 1 blockchain

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Fiat on-ramps, banking partners crucial for institutional Web3 adoption

Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3.Executives from OpenPayd, Ramp Network and Damex unpacked the increasing importance of third-party payment rails and

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Boba Guys, Shopify users showcase adoption of Web3 tools — Solana Breakpoint

Web3 tools powered by layer-1 blockchain Solana are driving tangible returns and delivering deep customer data insights, according to prominent mainstream brands and companies that attended Solana Breakpoint.The four-day conference in Amsterdam attracted a wide variety of businesses and projects from Web2, Web3 and traditional backgrounds. A prominent takeaway was

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Is Web3 really improving mainstream industry and products?

Web3 has been gaining ground in mainstream industries with the rise of Web3 business models based around nonfungible tokens (NFTs), blockchain technology and crypto. But it’s still an open question whether it’s actually improving mainstream industry and products. According to a June Coinbase study, over half of the top 100 United

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