Bitcoin soars for 2023, tops $35,000
BitcoinWalletSG Blog
by QH Hng
6M ago
Bitcoin's value briefly surpassed the $35,000 mark, marking its highest point since May 2022, driven by optimistic feelings surrounding a potential bitcoin exchange-traded fund (ETF) and a rush for security resulting in a surge of short liquidations. Bitcoin experienced a 7.97% increase, hitting $33,900.00 on Tuesday, as per Coin Metrics. It peaked at $35,113.29 late Monday night, a level unseen since May 8, 2022. Since the beginning of the year, Bitcoin's value has soared by 104%, and it has witnessed a 105% increase from its lowest point in 2022. This upswing might be partially attributed to ..read more
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MetaMask's Snaps Launch: A Leap Towards Blockchain Interoperability
BitcoinWalletSG Blog
by QH Hng
8M ago
In a groundbreaking move, MetaMask, arguably the world's leading web3 wallet, has unveiled its new software mechanism: Snaps. This ingenious development not only propels MetaMask to the forefront of blockchain adaptability but also signifies a momentous stride in the direction of the crypto realm's universality. Paving the Way for a Cross-Chain Future Previously, MetaMask's primary utility was tethered to Ethereum and its compatible blockchains, such as BNB Chain, Polygon, Arbitrum, and Optimism. With the inception of Snaps, however, the wallet is setting its sights far beyond just the Ethereu ..read more
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Asia's Rising Influence in Cryptocurrencies
BitcoinWalletSG Blog
by QH Hng
11M ago
Introduction In the fast-paced crypto landscape, a clear trend has emerged: Asia is quickly becoming the epicenters of crypto innovation and investment. Countries such as China, Hong Kong, Singapore, and Dubai are pioneering a more crypto-friendly approach compared to their Western counterparts, especially the United States. This piece delves deeper into this fascinating shift and its implications on the global crypto landscape. Asia's Emergence in Crypto Innovation and Adoption Asia's trailblazing approach to crypto is evidenced in countries like China, Hong Kong, and Singapore. In China, a h ..read more
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Self-Custody with Hardware Wallets: A Solution to Centralized Exchange Delisting
BitcoinWalletSG Blog
by QH Hng
11M ago
In the wild west of cryptocurrency trading, centralized exchanges have become the de facto marketplace for buying, selling, and storing digital assets. But one challenge that traders face is the unexpected delisting of tokens, an action that exchanges can execute at their discretion. A prime example is the recent incident involving Robinhood, where the platform discontinued support for certain tokens due to their involvement in a U.S. Securities and Exchange Commission (SEC) lawsuit. This sudden move left many traders scrambling and exposed the pitfalls of relying solely on centralized exchang ..read more
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Regulatory Showdown: SEC Takes On Binance and Coinbase
BitcoinWalletSG Blog
by QH Hng
11M ago
In a historic turn of events, the Securities and Exchange Commission (SEC) has filed charges against two of the largest cryptocurrency exchanges, Binance and Coinbase, highlighting the growing tension between the fast-paced world of cryptocurrencies and the regulatory environment that governs financial transactions. The charges against these industry giants underscore the importance of adhering to securities laws, even within the rapidly evolving context of cryptocurrency and blockchain technology. The SEC has filed 13 charges against Binance, its U.S-based affiliate, BAM Trading Services, and ..read more
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Memecoin Trading: Riding the Wave of Internet Culture
BitcoinWalletSG Blog
by QH Hng
1y ago
Introduction The cryptocurrency market has seen a rise in popularity for memecoins, digital currencies inspired by internet memes and pop culture. Memecoin trading has captured the attention of investors and speculators alike, with some seeing astronomical returns on their investments. One such example is the recent surge in Pepecoin ($PEPE) value, turning a mere $263 investment into millions of dollars within weeks. This article will explore the history of memecoin trading and emphasize the importance of wallet security in this high-risk and volatile market. A Brief History of Memecoin Tradin ..read more
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Rising Interest Rates, Banking Crisis, and Bitcoin: Exploring Alternative Investment Opportunities in a Changing Macro Environment
BitcoinWalletSG Blog
by QH Hng
1y ago
Introduction The global macroeconomic landscape has been shifting, with rising interest rates becoming a growing concern for investors, central banks, and governments alike. This article examines the potential implications of a rising rate macro environment, the possibility of a banking crisis, and the increasing relevance of Bitcoin as an alternative investment asset class. By understanding these trends, investors can better prepare for potential market changes and make informed decisions in an evolving financial landscape. Rising Rate Macro Environment Over the past decade, central banks wor ..read more
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Protecting Your Seed Phrase with the SafePal Cypher: A Review
BitcoinWalletSG Blog
by QH Hng
1y ago
We were thrilled to have Kevin (from turtleinvestor.net) come and review the SafePal Cypher.  In his review, Kevin got to try out the SafePal Cypher, a nifty metallic board made of stainless steel that helps protect your mnemonic phrase, also known as your seed phrase. This is a series of words that's used to create a unique recovery key for your crypto wallet. The Cypher comes with two stainless steel plates that you can easily assemble by hand to store a 12, 18, or 24-word phrase. The main purpose of steel wallets is to keep your seed phrase safe from physical damage and ..read more
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Trezor One - A Top Quality Hardware Wallet at Entry Price
BitcoinWalletSG Blog
by QH Hng
1y ago
To have full independence of your cryptocurrencies (crypto) without depending on a third party, you need to ensure security. If you are here, you might have already decided that a hardware wallet is the right solution for you. The question that remains is "Which hardware wallet is the right one?" This review aims to introduce Trezor One - the original hardware wallet - and to take a look at it from various points of view: design, security, user experience, and affordability. Trezor One: Cryptocurrency and security for everyone Trezor One is a device designed to keep your funds out of the ..read more
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Play to Earn NFT Game Axie Infinity Explodes
BitcoinWalletSG Blog
by QH Hng
1y ago
The gaming industry is a huge multi-billion industry. Nonfungible tokens, or NFTs have enabled players to earn income through a better infrastructure for game assets (such as items, currencies and pets). These game assets are now stored on blockchain as NFTs which allow trustless and transparent transfers.   The most popular NFT powered play to earn game has to be Axie Infinity, created by SkyMavis. The game allows players to earn income through breeding, battling and trading digital pets known as Axies.  To strengthen these pets, you can purchase or farm SLPs (sm ..read more
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