Veröffentlicht am

Bison launches insured Ethereum staking service

  • Bison announced its insured Ethereum staking product in partnership with Munich Re and Staking Facilities.
  • Users can stake as low as 0.005 ETH and earn weekly rewards.

Bison, a crypto trading and exchange-traded funds platform by the Böerse Stuttgart Group, has unveiled a new staking service offering insured staking with Ethereum.

According to an update on Oct. 8, the product is part of a partnership between Bison and Germany-based companies Munich Re and Staking Facilities.  Munich Re is a global reinsurance company while Staking Facilities is a Web3 infrastructure provider that offers non-custodial staking.

Staking from 0.005 ETH

Bison offers 27 tradable assets on its platform, including Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA). The platform also provides access to more than 2,500 stocks and exchange-traded products.

With the new feature, Bison users will be able to stake Ether from as low as 0.005 ETH, allowing more holders to support the network and earn staking rewards.

More than this, Bison now supports insured ETH staking, with a gradual roll-out that includes slashing protection and weekly payouts. In terms of slashing, the insurance means stakers have protection against validator losses that arise from improper actions.

Bison also benefits from compliant services, with all staked assets under custody by the Böerse Stuttgart Digital Custody. The regulated platform has a license from the Federal Financial Supervisory Authority, or BaFin.

Earlier this month, Boerse Stuttgart successfully completed a pilot on tokenized securities settlement involving major banks as part of the European Central Bank’s DLT tests.

In September, the company’s crypto subsidiary Börse Stuttgart Digital announced a partnership with DZ Bank to bring crypto trading and custody to its users.

The post Bison launches insured Ethereum staking service appeared first on CoinJournal.

Veröffentlicht am

Phantom Wallet adds support for Coinbase’s Base network

  • Phantom Wallet adds beta support for Coinbase’s Base layer-2 network.
  • Phantom users can now send, receive, and purchase Base-based assets via multiple methods.
  • Base network faces security risks, but Phantom strengthens user protection features.

Phantom, the cryptocurrency wallet initially built for the Solana ecosystem, has expanded its capabilities by launching beta support for Coinbase’s Base network, an Ethereum-based layer-2 solution.

This new feature allows Phantom Wallet users to manage their digital assets across multiple blockchains seamlessly according to a blog post published by Phantom. With functionalities like sending, receiving, and purchasing stablecoins and cryptocurrencies using various payment methods, Phantom aims to enhance user experience and broaden its ecosystem.

Enhanced features for asset management on Phantom

With the introduction of Base support, Phantom users can now interact with a range of features tailored to facilitate efficient asset management.

The wallet will now allow users to send and receive Base-based stablecoins, such as USD Coin (USDC), and cryptocurrencies like Ethereum (ETH). Users can purchase these assets easily using debit and credit cards, Apple Pay, or directly through Coinbase, making it more accessible for newcomers and seasoned crypto enthusiasts alike.

However, it is important to note that this support is currently in beta and requires users to opt in via their wallet settings.

In addition to managing assets, Phantom has integrated functionalities that enable users to engage with decentralized finance (DeFi) applications and non-fungible tokens (NFTs) within the Base ecosystem.

The wallet emphasizes security with features such as compatibility with Ledger devices, automatic spam detection for malicious NFTs and tokens, and transaction simulation to flag suspicious activities, thereby addressing growing security concerns in the crypto space.

A growing ecosystem amid security challenges

Phantom’s expansion comes at a time when the crypto landscape is increasingly susceptible to security threats.

Recent data from Trugard Labs revealed that Coinbase’s Base network accounted for over 34,000 high-risk detections in its smart contracts during August. The network has experienced vulnerabilities, particularly concerning digital signature issues and malicious boolean checks on token transfers.

These challenges highlight the pressing need for robust security measures as malicious actors exploit vulnerabilities in smart contracts.

Nevertheless, despite these risks, the partnership between Phantom and Base signals a positive direction for both entities.

Jesse Pollak, creator of Base and recently appointed to lead the Coinbase Wallet as the engineering vice president at Coinbase, emphasizes the shared vision between Base and Coinbase to simplify the on-chain experience for users. He expressed enthusiasm for the new role and the mission to bring a billion people and a million builders onto the blockchain.

As the crypto space continues to evolve, Phantom’s integration with Base represents a significant step toward expanding its user base while also addressing the pressing need for security and accessibility in the decentralized ecosystem.

With the growing popularity of layer-2 solutions like Base, the future looks promising for Phantom and its users as they navigate the complex landscape of cryptocurrencies.

The post Phantom Wallet adds support for Coinbase’s Base network appeared first on CoinJournal.