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- Robinhood wallet has added support for Bitcoin, and Dogecoin, as well as enable Ethereum swaps.
- Ethereum scaling protocol StarkWare has enabled access to $550,000 in funds locked up after an upgrade.
Robinhood has announced it is adding support for Bitcoin and Dogecoin. In addition, the Robinhood crypto wallet will enable Ethereum swaps. Just 6 months after the launch of the crypto wallet, the company is forging ahead with expansion plans. Users can send, receive, and hold Bitcoin and Dogecoin. In addition, users are able to conduct Ethereum swaps.
After a few months of operation, the Robinhood Wallet, a multi-chain, self-custody, Web3 wallet, attracted hundreds of thousands of users across 140 countries. After the update, the wallet enables hundreds of thousands to access Bitcoin and Dogecoin. This is a massive positive for investors of the two cryptocurrencies.
The company also confirmed the start of Ethereum swaps, stating, “In-app Ethereum swaps started rolling out to select users today for [more than 200]tokens and will become available to everyone in the coming weeks.”
It further added;
Unlike other wallets, users can swap without holding Ethereum, and network fees are automatically deducted from the tokens they already hold.
According to a company spokesperson, the launch comes in response to users requesting their support. This comes as no surprise since Bitcoin remains the most prominent cryptocurrency in the world, Ethereum is the largest altcoin, and Dogecoin is the largest memecoin by market cap.
All three cryptocurrencies are moving sideways with a less than 1 percent change in the last 24 hours. Investors remain optimistic about short-term gains. This has further been strengthened by increased exposure thanks to Robinhood.
StarkWare Enables Fund Access After Upgrade
In another development, the Ethereum scaling protocol StarkWare has enabled access to the $550,000 in funds locked up in the platform after an upgrade. On Wednesday, the company confirmed that $550,000 in funds had been locked up due to an upgrade conducted last week. This was possibly a technical hiccup affecting those who had not conducted an essential update confirmed last week, accounts that had not upgraded were temporarily locked out.
The company noted;
When 0.12.1 went live, accounts that were not upgraded, became temporarily inaccessible. Access is being restored for all these accounts (containing a total of $550k). As of today, the upgrade is reenabled, allowing users to immediately regain access to their accounts. For technical reasons, it may take until tomorrow for users of Argent and Braavos to regain access.
Starknet had an important version update last week: 0.12.1. Several months ago, in preparation for this update, Starknet users were asked to perform an essential upgrade to their account.
When 0.12.1 went live, accounts that were not upgraded, became temporarily inaccessible.…
— StarkWare (@StarkWareLtd) August 30, 2023
Although the issue has been resolved, the protocol has been criticized by the community with one X (formerly Twitter). One user has compared the situation to “having the money in your bank account disappear if you don’t get the latest software package.”
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