Microsoft Edge Crypto Wallet Feature: Securely Manage Crypto Assets

• Microsoft Edge users may soon have access to a crypto wallet feature, according to screenshots circulating on Twitter.
• The leak shows a potential integration of a wallet for cryptocurrencies directly within the popular web browser.
• If confirmed, the Microsoft Edge wallet will be embedded in Edge rather than a separately installed browser plugin, and it will be non-custodial in that Microsoft will have no access to the wallet’s passwords or recovery keys.

Microsoft Edge Crypto Feature Leaked

Screenshots have been circulating on Twitter showing a potential integration of a crypto wallet feature directly within Microsoft Edge. This would allow users to store and manage their digital assets securely and conveniently within the popular web browser.

Wallet Features

The leaked screenshots show that the Microsoft Edge Wallet includes features such as an explorer for decentralized applications, a news feed, and options to purchase cryptocurrency using Coinbase and MoonPay. It also allows users to swap, send, and buy crypto assets directly from the browser.

Non-Custodial Wallet

The potential new feature would make use of Web3 infrastructure which aims to decentralize data and give users more control over their online experiences. It would be non-custodial in nature meaning that Microsoft would not have access to the wallets passwords or recovery keys providing extra security for users funds.

Microsoft’s Foray Into Web3

Microsoft has been making strides in the world of Web3 with initiatives such as decentralized identity (DID) systems which allow users to create and manage their own digital identities without relying on centralized authorities. DID utilizes blockchain technology in order to provide secure storage and management of data for users.

Confirmation Awaited

Microsoft has yet to confirm this new feature but speculation is already swirling about its possible impact on the growing digital asset market should it be released publicly by Microsoft Edge at some point in future releases of the software.

Stablecoin Circle’s USDC Reserves Hit by SVB Collapse

•Circle, a stablecoin issuer, disclosed that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank (SVB) after the bank’s share price dropped precipitously in response to a run on deposits by nervous consumers.
•Silicon Valley Bank was shuttered by California banking regulators and a new bank, National Bank of Santa Clara, has been set up to hold all of SVB’s assets.
•USDC’s market capitalization decreased to $42.4 billion on Friday and de-pegged from the US dollar, raising concerns about its existing reserves.

The Collapse Of Silicon Valley Bank

Stablecoin issuer Circle disclosed late Friday that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank (SVB). This comes after the high-tech lender’s share price dropped precipitously in response to a run on deposits by nervous consumers.

Regulators Shut Down SVB

Silicon Valley Bank crumbled on Friday morning, sending shockwaves through the cryptocurrency and global markets, 48 hours after a capital crisis triggered the second-largest collapse of a US financial institution in history. According to data from CoinMarketCap, USDC’s market capitalization decreased to $42.4 billion on Friday. The USDC also de-pegged from $1, a hint of concern over its existing reserves.

Silicon Valley Bank has been shuttered by California banking regulators, who are now in charge of the lender’s deposits, a Friday press statement from the Federal Deposit Insurance Corporation shows. Based on reports, the FDIC has set up a new bank, the National Bank of Santa Clara, which will hold all of SVB’s assets. With around $209 billion in assets at the end of 2022, Santa Clara-based SVB was listed as the sixteenth largest bank in the United States.

Circle Responds To Concerns

In an effort to provide clarity on the problem, Circle reported on March 10 through Twitter that: “Following confirmation at end today that wires initiated Thursday were not yet processed…$3.3 billion remain at SVB.” In its most recent audit, Circle disclosed that as of January 31st , nearly 20% ($8 .6b) if it’s reserves were stored with various financial institutions including Silvergate and defunct SVB .

USDC Depegs From USD

Late this week , concerns grew concerning USDC . Friday evening in New York ,the price of USD Coin dropped below 1 USD for first time since launch . Although it recovered shortly afterwards , it served as evidence for some investors that stablecoins can lose their peg when there is disruption or lack confidence within their underlying infrastructure .

Conclusion

The collapse if Silicon valley bank impacted confidence surrounding USD Coin but circle responded quickly with information regarding remaining each held at this institution . It appears however ,that questions still remain concerning how stablecoins will react under similar scenarios going forward

LTC Upgrade Boosts Prices, But Bears Take Over Market

• Litecoin released an upgrade called Litecoin Core 0.21.2.2 to increase its network security and fix critical issues affecting nodes.
• LTC prices spiked after the upgrade, encouraging miners to join the network.
• Despite the upgrade, LTC’s price has dropped significantly and numerous indicators show bearish activity in the market which may lead to miners losing interest in the coin.

Litecoin Network Upgrade

The Litecoin Foundation recently announced an update named Litecoin Core 0.21.2.2 on March 2 to improve its network security and fix critical issues affecting nodes.

Price Spike Following Upgrade

Following the update, LTC ended 2022 at $68 and recorded an intraday high of $70 and an intraday low of $67.79 on January 1st . The coin continued an uptrend until it hit $90 on January 14th and $101 on February 2nd . From February 3rd to March 3rd , LTC traded between $80, $90, and $100 on some days before falling again today at press time trading at around 89$. Coinwarz’s data shows that the network hashrate recorded a slight uptick indicating new miners joining the network following this price spike.

Bearish Market Indicators

Despite this positive response from miners, LTC once recorded a price drop of 7% in 24 hours scaring investors away from investing further into this crypto asset as well as numerous other indicators showing bearish activity in this market such as RSI being below neutral mark, lower part of Bollinger Bands touching indicating move into high volatility area as well as MACD suggesting bear runs in coming days leading to miners slowly losing their interest in this crypto asset if prices continue to drop or remain stagnant for long periods of time.

Increasing Investor Interest

One way developers can increase investor interest is by improving the networks efficiency by proposing improvement proposals that accommodate user needs while also fixing any hindering issues with transactions on their blockchain networks allowing for seamless transactions for users which could potentially encourage new investors into these markets due to increased confidence in these projects stability as well as trustworthiness when it comes to making transactions within their platforms or networks securely without any loss of funds or tokens due to any bugs or glitches existing within their systems priorly fixed through these updates or upgrades released by developers over time building more trust with investors even though there are still dangers present such as hacks or malicious actors attempting theft within these networks they are mostly avoided via proper safety measures taken by developers themselves before releasing them publicly for usage increasing investor confidence even further resulting in more investments made into these projects potentially increasing overall value of each specific asset across different exchanges globally if done correctly reassuring investors that they have nothing much too worry about when investing into cryptos apart from extreme risks associated with any type of investments no matter how secure they may seem during the initial stages of investment due to various elements involved impacting prices constantly like regulations or bans imposed by several governments worldwide reducing access for certain users drastically causing drastic drops within prices temporarily but not always since regular traders tend too mitigate such losses quickly depending upon how deep their pockets are filled with enough funds allowing them too stay afloat during hard times caused occasionally due too external factors beyond our control unless we act quickly using proper strategies designed keeping such scenarios in mind beforehand preventing losses caused otherwise if adequate preparation is done properly priorly before investing money into cryptos generally speaking not just limited too one specific crypto but all types available across different exchanges worldwide regardless off what type it maybe Fiat currencies digital tokens etcetera all should be treated equally when deciding where too invest your money wisely only then you will find success eventually reaching your desired goals set initially either short term mid term long term goals whatever may be good luck everyone!

Conclusion

While Litecoin’s recent update encouraged miners into joining its network, bearish indicators suggest that miner’s interest may begin fading away soon if prices don’t pick up shortly thereafter leaving many wondering whether this was just a mere pump & dump scheme used by whales preying upon innocent victims who are unaware off what goes behind closed doors manipulating markets according too their own whims & fancies damaging entire ecosystems built around single projects potentially destroying entire projects over night unless appropriate measures are taken swiftly preventing them from happening entirely completely eliminating potential threats posed against innocent victims directly & indirectly through adequate research & development teams working diligently day & night ensuring safety off all participants involved maintaining order within markets ensuring smooth sailing operations throughout lifetime off each project benefiting everyone involved directly & indirectly respectively until then good luck everyone!