Cryptocurrency trading bot Wallet is debuting its global rollout on the Telegram messenger in several countries in Latin America and Africa.

The Open Platform (TOP), the Dubai-headquartered investment platform affiliated with TOP Labs and Wallet, announced the global rollout of the Wallet crypto bot on Nov. 10.

Wallet, a third-party Telegram bot allowing users to buy and sell crypto, is now available on the Telegram settings menu for users in Colombia, South Africa and Kenya.

The Wallet crypto bot has been accessible to global users for several months, but users were required to find the bot by clicking “@Wallet” on Telegram. With the latest update, users can see Wallet directly on the menu without needing to find the bot or even know much about crypto to start using it.

Wallet bot available on the Telegram settings menu. Source: Cointelegraph

In addition to the default custodial wallet, users can also use Wallet’s self-custody crypto solution called TON Space. Wallet’s self-custody sub-wallet allows users to perform decentralized swaps within TON Space and transfer nonfungible tokens, or NFTs, using the self-custody wallet.

TOP has chosen to start the Wallet global rollout in developing markets to help users access more financial tools and to benefit from its significant user base in related regions.

“Our main focus is on developing markets where the lack of accessible financial tools has generated an organic demand for crypto assets,” a spokesperson for TOP told Cointelegraph. “We know that Telegram has a significant user base in these regions, and so it was only natural to start our global rollout in these jurisdictions,” the representative added.

According to data from World Population Review, Telegram has 4.49 million in Colombia as of 2023. Statista data suggests that about 50% of internet users in Kenya and South Africa were using Telegram as of Q3 2022.

“Countries like Nigeria, Kenya, and Colombia have a very active Telegram user base, with a relatively high rate of crypto adoption,” the TOP spokesperson said, adding:

“The regions in which we plan to initially launch natively to all users offer a huge opportunity to onboard a massive audience to Wallet. This is just the start of our goal to accelerate the mass market adoption of TON-based blockchain technology.”

The representative also noted that the TOP preferred to roll out the wallet in smaller countries before scaling the operational side of the product, as well as the technical side of the integration. “This will ensure that we are able to efficiently scale to the additional demand generated as the rollout continues,” the spokesperson noted.

Following the initial rollout in Latin America and Africa, the Wallet crypto bot is expected to launch in Saudi Arabia, Nigeria and Turkey in Q1 2024. The TOP expects to finalize the global rollout of Wallet on Telegram by the end of Q2 2024, the announcement notes.

“These strategic enhancements to Wallet and TON Space underscore our continued dedication to simplifying the crypto experience for mainstream audiences while maintaining robust security features,” TOP CEO Andrew Rogozov noted.

Despite letting Wallet enter the Telegram settings menu, Telegram has actively denied any affiliation with Wallet or TOP, while Wallet also stressed that it was operating independently from Telegram.

Rogozov, CEO of TOP and Wallet companies, was once CEO of VK.com, a major social media platform created by Telegram founder Pavel Durov. Rogozov resigned from VK in January 2022 to join the TON Foundation as a founding member. He also then founded First Stage Labs, which subsequently merged with Wallet and rebranded to TOP.

Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

Coinspeaker TON Network Begins Global Rollout of Wallet on Telegram 

The Open Network (TON) has begun the official rollout of its self-custodial Wallet on Telegram, choosing Africa as the frontier for the new project.

In an announcement on X, formerly Twitter, Andrew Rogozov, the founder and CEO of The Open Platform, the brains behind the development of the blockchain, said the Wallet will first be made available to selected countries in Africa before expanding to other regions around the world.

Global Expansion in Q2 2024

Although the TON network did not disclose the African nations that could access the Web3 wallet, the platform plans to extend the offerings to other countries in the Middle East, Europe, and the Asia Pacific in the first quarter of 2024. Additionally, Rogozov said the Wallet will eventually become available for other countries worldwide during the second quarter of the same year.

"I'm happy to announce that the global rollout of Wallet in Telegram starts today.

It's a very exciting moment, and our team worked very hard.

We're starting with selected countries in Africa, expanding to MENA, EE, and Asia in Q1 2024, and to the entire world by Q2 2024."

-… pic.twitter.com/eG7P2DxHnN

— TON 💎 (@ton_blockchain) November 10, 2023

The protocol, backed by the popular social messaging app Telegram as its official partner, initially unveiled the Web3 Wallet earlier this year following the integration of its other crypto custodial wallet on Telegram in September.

“Today, with a clear vision, a strong team, established partnerships, and secured resources, we are ready to bring Wallet and the entire TON ecosystem to the world. We anticipate that Wallet will propel global crypto adoption to an unprecedented level,” Rogozov said.

It is important to note that the new Wallet is separate from the one already available on Telegram as a standalone bot with millions of users from across the world through their settings.

Toncoin (TON) Surges to All-time-high

Despite being selected as the official blockchain for Telegram, the TON network operates as an autonomous protocol.

Telegram’s Chief Investment Officer, John Hyman, emphasized in a statement that Telegram remains focused on delivering an exceptional messaging platform and has no intentions of venturing into the crypto space. Nevertheless, the company is committed to providing TON with the necessary tools and infrastructure to cater to its 80 million global customers.

Recently, TON’s native crypto, Toncoin (TON), achieved its highest levels since the previous year, fueled by the recent introduction of giveaways on Telegram. Currently, TON stands as the 10th-largest crypto, boasting a market capitalization exceeding $9 billion.

On Wednesday, the token traded at $2.71, its highest level in 11 months after Telegram introduced a new feature called Giveaways, allowing channel owners to randomly distribute prizes among their followers.

Shortly after, Pavel Durov, Telegram’s CEO, used $200,000 worth of TON tokens to cover Telegram Premium subscriptions for 10,000 users on the platform.

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TON Network Begins Global Rollout of Wallet on Telegram 

Within a very short period of time, the crypto community learned about the sudden and unexpected waves throughout the MetaMask users spaces. What made the situation even more bewildering was the lack of any disclosed information regarding the removal. This silence left MetaMask users in a state of panic, with concerns about the security of their digital assets looming large.The crypto community had been left in the dark, speculating about why MetaMask had been taken down from the App Store. As users tried to make sense of the situation, a feeling of uncertainty crept in. Fortunately, there's good news on the horizon – MetaMask has made its triumphant return to the App Store, putting an end to the apprehension that had gripped its users.MetaMask has provided some essential guidance for its users in the wake of this incident. Users are urged to update their MetaMask Application to the latest version, ensuring that they have access to the most secure and up-to-date version of the wallet. Regularly updating applications is a best practice that helps enhance security and performance.Perhaps the most reassuring aspect of this return is the message of confidence from MetaMask itself. The company has stated unequivocally that users should not be alarmed by the app's temporary removal and subsequent re-addition. This implies that there were no security breaches, vulnerabilities, or other significant issues that led to the brief takedown. In other words, the safety and security of your digital assets with MetaMask remain intact.MetaMask's communication also comes with a valuable piece of advice: avoid falling prey to FUD, which stands for Fear, Uncertainty, Doubt. In the world of cryptocurrency, where markets are known for their rapid fluctuations, FUD can be a potent force. Unsubstantiated rumors and fears can spread like wildfire and impact investment decisions. MetaMask encourages users to stay focused on their financial goals and not be swayed by baseless concerns or rumors.For those new to the world of cryptocurrencies, MetaMask is a widely-used cryptocurrency wallet that empowers users to manage their Ethereum-based assets and interact with decentralized applications (DApps). Its return to the App Store is not just a relief for its existing users but also a testament to the resilience and commitment of the MetaMask team to provide a reliable and secure service.Closing Thoughts MetaMask's reappearance on the App Store is a reassuring development for the cryptocurrency community. Users are encouraged to update their applications, and they can continue to use their wallets without concerns about any security threats or vulnerabilities. MetaMask's message is clear: maintain your focus on your financial goals, steer clear of FUD, and trust in the security of your digital assets. This incident serves as a reminder of the importance of staying informed and not giving in to unnecessary panic in the ever-evolving world of cryptocurrencies.#MetaMask #Wallet #FUD

According to Foresight News, cryptocurrency trading platform Backpack has announced the launch of its Backpack Wallet on iOS and Google Play app stores. The wallet aims to provide users with a seamless and secure experience for managing their digital assets.

Formerly known as Gnosis Safe, Safe today announced the launch of Safe{RecoveryHub}, an ecosystem for crypto wallet recovery. The new platform offers users customizable and self-hosted recovery solutions, marking a significant advancement in the security and accessibility of cryptocurrency wallets.

Safe{RecoveryHub} introduces a novel approach to account recovery, allowing users to designate one or multiple “Recoverers” for their wallets. This feature provides a more personalized and secure method for users to regain access to their accounts.

Starting today, Safe{Wallet} users can set up their customized recovery processes. This self-custody recovery option provides users with a range of setups, catering to different security needs and preferences.

It's here!Introducing Safe{RecoveryHub} – a new crypto wallet recovery ecosystem launching with @sygnumofficial and @Coincoverglobal.Now available in Safe{Wallet}. Set up account recovery, your way.↓ pic.twitter.com/rvE1rRV1YK

— Safe (prev. Gnosis Safe) (@safe) December 7, 2023

The company also announced upcoming partnerships with Sygnum and Coincover, set to launch in the first half of 2024. These collaborations aim to further expand the range of third-party recovery solutions available within Safe{RecoveryHub}.

A key feature of Safe{RecoveryHub} is the emphasis on user control and security. Even when utilizing third-party recovery services, users retain full control over their accounts with veto rights to cancel any recovery attempts.

Importantly, users do not have to share any private key material with third-party providers, maintaining the integrity and security of their digital assets.

Users interested in the upcoming partner recovery solutions can sign up for a waitlist, ensuring they are among the first to know when these new services launch. This move by Safe demonstrates its commitment to staying at the forefront of innovation in cryptocurrency security and user experience.

The post Safe Introduces Safe{RecoveryHub} for Enhanced Crypto Wallet Recovery appeared first on Metaverse Post.

**1. 📲 Set Up Your Web3 Wallet:** - Access the Binance app and locate the Web3 Wallet feature. - Follow the setup instructions to establish your self-custody wallet.**2. 🔒 Security First:** - Benefit from a secure self-custody solution for your crypto assets. - Embrace the MPC (Multi-Party Computation) approach for added security.**3. 🚀 Explore DeFi Opportunities:** - Dive into the world of decentralized finance (DeFi) with ease. - Engage in various DeFi activities directly from your Web3 Wallet.**4. 🔄 Token Swaps Made Simple:** - Seamlessly swap tokens across different blockchain networks. - Execute token swaps with just a few taps within the Web3 Wallet.**5. 💸 Earn Yields Effortlessly:** - Leverage the wallet to earn yields on your crypto holdings. - Explore opportunities for passive income through DeFi protocols.**6. 📤 Sending Tokens:** - Tap "Transfer Now" on the Web3 Wallet homepage. - Paste the recipient's address and proceed carefully to prevent any loss.**7. 📥 Receiving Tokens:** - Choose the desired token on the Web3 Wallet homepage. - Share your QR code or token address with the sender for easy transactions.**8. 🚨 Emergency Export (Private Keys):** - In case you need to export private keys, use the "Emergency Export" function. - Exercise caution, as this action renders the Web3 Wallet unavailable afterward.**9. 🗝️ Keep Private Keys Secure:** - Ensure the safety of your private keys to prevent permanent loss of funds. - Implement best practices for storing and securing your crypto assets.Explore the decentralized possibilities with the Binance Web3 Wallet! 🚀🌐💰Note: Not financial advice dyor before investing in any projects.#Wallet #ETH #Binance #Airdrop #BTC #web3 wallet

Cryptocurrencies have gained significant popularity in recent years, with more and more people investing in digital assets. As the value of cryptocurrencies continues to rise, it becomes crucial to prioritize the security of your crypto wallet. In this article, we will discuss some essential tips to help you enhance the security of your crypto wallet and protect your digital assets from potential threats.

1. Choose a Reliable Wallet

The first step in ensuring the security of your crypto wallet is to choose a reliable wallet provider. There are various types of wallets available, including hardware wallets, software wallets, and online wallets. Each type has its pros and cons, so it’s important to do thorough research and select a wallet that aligns with your needs and preferences. Look for wallets that have a strong reputation, positive user reviews, and robust security features.

2. Enable Two-Factor Authentication

Two-factor authentication (2FA) adds an extra layer of security to your crypto wallet. By enabling 2FA, you will be required to provide a second form of verification, such as a unique code sent to your mobile device, in addition to your password. This makes it significantly harder for hackers to gain unauthorized access to your wallet. Most reputable wallet providers offer 2FA as an option, so be sure to enable this feature to enhance the security of your crypto wallet.

3. Keep Your Wallet Software Updated

Regularly updating your wallet software is essential for maintaining the security of your crypto wallet. Wallet providers often release updates that include security patches and bug fixes. By keeping your wallet software up to date, you ensure that you are benefiting from the latest security enhancements and protecting your wallet from potential vulnerabilities.

4. Use Strong and Unique Passwords

Creating a strong and unique password is crucial for safeguarding your crypto wallet. Avoid using common passwords or easily guessable combinations. Instead, opt for a password that consists of a mix of uppercase and lowercase letters, numbers, and special characters. Additionally, it is recommended to use a different password for your crypto wallet than for any other online accounts you may have. This way, even if one of your accounts is compromised, your crypto wallet remains secure.

5. Backup Your Wallet

Backing up your crypto wallet is vital in case of any unforeseen circumstances, such as a hardware failure or loss of your device. Most wallet providers offer a backup option that allows you to securely store a copy of your wallet’s private keys or recovery phrase. It is recommended to keep multiple copies of your backup in different secure locations, such as encrypted external hard drives or offline storage devices. This way, even if one backup is lost or damaged, you can still recover your wallet and access your funds.

6. Be Cautious of Phishing Attempts

Phishing attempts are a common tactic used by hackers to trick users into revealing their sensitive information. Always be cautious of suspicious emails, messages, or websites that ask for your wallet credentials or personal details. Legitimate wallet providers will never ask for your password or recovery phrase through email or other insecure channels. To stay safe, only access your wallet through official websites or trusted applications, and double-check the website’s URL before entering any sensitive information.

7. Use Cold Storage for Long-Term Holdings

If you have a significant amount of cryptocurrency that you plan to hold for the long term, consider using cold storage options such as hardware wallets or paper wallets. Cold storage keeps your private keys offline, making it virtually impossible for hackers to access your funds remotely. By storing your crypto assets offline, you significantly reduce the risk of being a target for online attacks.

Conclusion

Ensuring the security of your crypto wallet is of utmost importance in the world of cryptocurrencies. By following these essential tips, you can significantly enhance the security of your wallet and protect your digital assets from potential threats. Remember to choose a reliable wallet, enable two-factor authentication, keep your software updated, use strong and unique passwords, backup your wallet, stay cautious of phishing attempts, and consider using cold storage for long-term holdings. By implementing these security measures, you can have peace of mind and enjoy the benefits of owning cryptocurrencies.