Problem scenario
In MetaMask’s dashboard, you see a cryptocurrency with a balance that does not seem correct. You click the three dots on the right of the balance and click “Resync Balance.” It appears inaccurate (as you just sent more coins to the address of your MetaMask Portfolio). When you click on the cryptocurrency symbol, you see a “Holdings” balance that appears accurate. Why is there a discrepancy between the “holdings” balance of the individual coin and the dashboard’s balance for this coin?

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Continue reading “How Do You Get Metamask to Show the Accurate Balance of a Coin in the Dashboard View?”

Problem scenario
There a non-custodial exchanges (that do not store your cryptocurrency). Is there a non-custodial wallet for your digital assets?

Solution
Yes, this term refers to a “cold wallet.” We think the term “self-custodial wallet” is preferable to “non-custodial wallet” — but the term “cold wallet” is more commonly used. Apparently in the cryptocurrency world, custodial wallets are those you do not physically control.

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Continue reading “Is There Such a Thing as a Non-custodial Wallet?”

Problem scenario
You are concerned that if your have money in your Trezor wallet, someone could take control of your computer and steal the cryptocurrency from it. Is this possible?

Solution
No, it is not possible as far as we know. To send money from a Trezor Model T (and possibly other wallets), you have to near the physical display to push a button.

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Continue reading “Can Someone Remotely Steal Your Trezor Assets if They Hack Your Computer?”

Problem scenario
You are setting up MetaMask for the first time. It says “First, enter the Secret Recovery Phrase that you were given when you created your wallet.”

You read this:

Do not share your recovery seed with anyone else.
Do not keep digital copies of your recovery seed (this includes screenshots, photographs, emails, Dropbox backup etc).

https://trezor.io/learn/a/how-to-use-a-recovery-seed

You read this:

Importing your Trezor seed into a wallet like Metamask will reduce your security to that of a hot wallet,

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Continue reading “Should You Enter Your 12 Word Recovery Seed into MetaMask?”

Valiu [a cryptocurrency app] uses pesos to buy cryptocurrency that it then sells on LocalBitcoins, a global peer-to-peer site for trading tokens in local currencies.
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“When the power is out in Venezuela, when internet service is down,… [a cryptocurrency app]… has a huge impact on how long it takes to send a remittance to one’s family,” said Toro, who quit working as a university security guard because his monthly salary could not even pay for a day’s groceries.

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Continue reading “Venezuelans Use Cryptocurrency to Deal with Inflation”

Brick-and-mortar stores in Africa can accept cryptocurrency.

The introduction of bitcoin to Pick n Pay’s stores is likely to have a significant impact on the broader bitcoin payments landscape in South Africa.

https://www.nasdaq.com/articles/south-african-retail-giant-pick-n-pay-now-accepts-bitcoin-payments-at-all-locations

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Continue reading “Cryptocurrency is Used at Retailers in Africa”

Lebanese buy groceries with USDT and mine crypto, as their country’s financial system has collapsed.

https://www.binance.com/en/square/post/44938

…stablecoins are used as an interim measure, offering easy access to dollar, serving as a stepping stone amid the crisis.

https://www.forbes.com/sites/digital-assets/2024/02/02/lebanons-economic-rebirth-through-bitcoin/?sh=6b62e50a73fa …

Continue reading “Cryptocurrency is Helping Lebanon Deal with Inflation”