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wallet

Wallet is a user-friendly platform for effectively managing cryptocurrency assets. By leveraging the power of the Open Network (TON) blockchain and through mass distribution via Telegram Messenger, Wallet creates a simplified and accessible crypto gateway for the more than 800 million users of this Messenger. Wallet users can easily store, send, and receive digital assets, all within a single autonomous platform in the familiar Telegram interface.
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first_img The EU Cyber Resilience Act comes into effect, requiring cryptocurrency wallet providers to report vulnerabilities within 24 hours

According to Cointelegraph, the European Union's Cyber Resilience Act (CRA) officially came into effect on September 11, requiring cryptocurrency hardware and software wallet providers to submit early warning reports within 24 hours upon discovering actively exploited vulnerabilities or serious security flaws, and to submit complete notifications within 72 hours. Manufacturers must also submit final reports within 14 days after taking corrective or mitigating measures, while serious incidents must be reported within one month.The European Commission stated that the new reporting requirements aim to better protect consumers and businesses from cyber threats, applicable to all "products with digital elements" sold in the EU market, and are built upon the EU's broader cybersecurity strategy. According to the penalty provisions of the final draft, companies that fail to comply with Articles 13 and 14 may face administrative fines of up to €15 million (approximately $17.3 million) or 2.5% of their global annual turnover, whichever is higher; providing incorrect, incomplete, or misleading information may also incur fines of up to €5 million.Before the implementation of this measure, several hardware wallet manufacturers recently disclosed incidents of user data breaches. On September 4, Trezor revealed that a data breach involving its logistics provider ShipMonk affected approximately 67,000 U.S. customers, exceeding the initial estimate of 14,000; this week, Trezor and BitBox also warned users to be cautious of phishing emails disguised as urgent security notifications. In June, the Layer-1 blockchain network Zilliqa warned of vulnerabilities in its Ledger application, where attackers could exploit publicly available on-chain data to recover user private keys.

first_img Coinbase has renamed Base App to Coinbase Wallet

Coinbase announced that it has renamed the Base App to Coinbase Wallet, reversing the renaming decision made a year ago, shifting the focus of the self-custody application towards trading and broader multi-chain access. Ryan Kass, the product lead for Coinbase Wallet, stated that the wallet will serve as a "test kitchen" for products and assets not yet offered by the centralized exchange Coinbase, with the first case being perpetual contracts supported by Hyperliquid. The wallet also supports long-tail assets and plans to gradually integrate as new chains go live.The wallet also supports prediction markets and tokenized stocks. Coinbase stated that the Base App has evolved into a broader multi-chain trading platform, making the restoration of the Coinbase Wallet name a reasonable move. Coinbase promotes the wallet with the selling points of "no KYC, no waiting, borderless," allowing users to start trading within minutes after downloading the app, although some features are still subject to regional restrictions. The wallet will automatically detect and hide scam or malicious tokens, and new markets and asset classes must undergo strict product and compliance reviews before going live.In terms of background, Coinbase renamed Coinbase Wallet to Base App in July 2025, positioning it as a "universal app" that integrates social, mini-apps, messaging, payments, and trading. CEO Brian Armstrong admitted in March this year that the social experiment was "not very successful," after which Base founder Jesse Pollak handed over leadership of the app to Jordan "Cobie" Fish.

WalletConnect Report: Global Cryptocurrency Regulation Enters Implementation Stage, DeFi Remains the Largest Unresolved Area

WalletConnect released a 68-page report titled "Current Status of Policy, Compliance, and Regulation," outlining global regulatory progress in areas such as payments, DeFi, trading, custody, and tokenization. The report indicates that discussions on cryptocurrency regulation in major markets have shifted from "whether to regulate" to "how to implement," with relevant frameworks transitioning from legislation to actual enforcement at different speeds, but cross-border rules remain highly fragmented.The report points out that the European Union's Markets in Crypto-Assets Regulation (MiCA) will be fully applicable from December 2024, with the national transition period ending on July 1, 2026; currently, there are about 330 authorized crypto asset service providers in the ESMA temporary register, and over 1,000 companies that were reported to have failed to obtain authorization before the deadline prior to MiCA's implementation. Hong Kong will issue the first batch of stablecoin issuer licenses in April 2026, and Japan's revised Payment Services Act will take effect in June of the same year. Although the U.S. GENIUS Act has become law, the relevant system will not be fully effective until January 18, 2027, and broader market structure legislation is still pending.WalletConnect states that jurisdictions are increasingly adopting a "regulated touchpoint responsibility" model, meaning that issuers and service providers must still fulfill anti-money laundering, sanctions screening, travel rule, and record-keeping obligations when interacting with self-custody addresses. Tools such as sanctions screening, on-chain analysis, address control verification, and reusable identity credentials have been used in some businesses, demonstrating that compliance and self-custody are not mutually exclusive; however, how to regulate decentralized software and protocols remains unresolved, and DeFi continues to be a major frontier issue for global regulation.
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