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Coinbase launches unified onchain monitoring through new wallet app

Coinbase’s new wallet app will allow users to connect any self-custodial wallet for an aggregated view of assets.

Coinbase is releasing a new version of its crypto wallet that will allow users to access their portfolios from multiple platforms in a single place.

The company said in a July 11 statement that the new wallet will be available through a website on desktop and mobile devices. Users will be able to connect any self-custodial wallet supported by Wallet Connect, including MetaMask and Phantom wallets, to have an aggregated view of assets across applications. Users don’t need to have a Coinbase wallet to use the service.

According to Coinbase, the solution seeks to address retail user demand to track non-fungible tokens (NFTs) and decentralized finance (DeFi) positions across wallets. “Many people also manage several crypto wallets and [...] achieving a comprehensive view of all their assets in one place has been a challenge,” said Coinbase.

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Kraken’s Canadian operation exceeds $2 billion CAD in combined client assets under custody

The 2 Most Common Airdrop Phishing Attacks and How Web3 Wallet Owners Can Stay Protected

The 2 Most Common Airdrop Phishing Attacks and How Web3 Wallet Owners Can Stay ProtectedIn the world of cryptocurrencies, decentralized finance (defi), and Web3, airdrops have become commonplace in the industry. However, while airdrops sound like free money, there’s been a growing trend of airdrop phishing scams that steal people’s money when they attempt to get the so-called ‘free’ crypto assets. The following is a look at two different […]

Kraken’s Canadian operation exceeds $2 billion CAD in combined client assets under custody

Discord drops Ethereum and NFT integration plans after backlash

While Jason Citron said the NFT feature was in “pre-release” mode, he has now changed his tune after being bombarded with thousands of comments calling on him to drop the plans.

Popular community messaging app Discord has been forced to walk back its integration plans with Ethereum (ETH)-based NFTs following strong backlash from a significant number of its user base.

The pushback started on Nov. 9 after Discord’s founder and CEO Jason Citron tweeted “probably nothing” accompanied by a screenshot of the app’s user settings page that displayed an ETH logo and option to connect digital wallets such as MetaMask and Wallet Connect.

Citron was then bombarded with thousands of comments calling on him to abandon the plans along with users threatening to cancel Nitro subscriptions. The crypto-skeptics asserted that NFTs are a Ponzi scheme and damaging to the environment due to the amount of energy consumption used to mine cryptocurrencies.

While Citron had commented that the feature was in “pre-release” mode, on Nov. 11 he indicated it had moved to “no-release” mode:

“Thanks for all the perspectives everyone. We have no current plans to ship this internal concept. For now we're focused on protecting users from spam, scams and fraud. Web3 has lots of good but also lots of problems we need to work through at our scale. More soon.”

Despite Discord being a commonly used app amongst the crypto community — with NFT projects in particular using the platform to build communities — it appears that the gaming contingent (among others) using the platform are not so fond of crypto.

A Reddit post in the r/discordapp community on Nov. 9 titled “Please do not support NFTs” received around 6,400 upvotes.

User “CaboSanLukas” stated that NFT tech is “a scam,” and added that: “Imagine you buy a ticket that says you own X image. But that ticket has no legal validity in any country. Also, the value of NFTs is based on pure speculation and scarcity. While “Atulin” asserted that:

“You burn a hectare of the Amazon forest to get a link to a receipt for a purchase of something. You don't get that something, you don't even get the receipt, you get a link to the receipt.”

Related: Twitter Crypto: The dedicated team aimed at exploring DApps and more

Back on Twitter, Hayden Adams, the founder of decentralized exchange Uniswap said earlier today the reaction Citron was getting was “pretty surreal” but a good reminder of how early into Web3 the world is.

“PoS + L2s will fully address environmental concerns over the next year imo, but the misunderstanding and fear will be around much longer,” he said.

Kraken’s Canadian operation exceeds $2 billion CAD in combined client assets under custody