June 30, 2024
Crypto

What are cryptocurrency wallets and how do I pick the right one?

Image: Malte Mueller (Getty Images) A custodial wallet is a wallet where a third party, usually a crypto exchange, is responsible for managing the user’s private keys. This means your wallet’s key is in someone’s hands. A custodial wallet is helpful for beginner crypto traders who are unfamiliar with managing their private keys. However, if

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Crypto

ARK Invest’s Cathie Wood says digital wallet wars will be a ‘winner take most’ opportunity

Cathie Wood, CEO of investment management firm ARK Invest, thinks the digital wallet industry is set to consolidate. Amid a decline in traditional banking services, whoever monopolizes the wallet market stands to wield significant power in the financial sector, she says. In conversation with Coinbase CEO Brian Armstrong at the company’s State of Crypto Summit

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