Microsoft to Integrate Web3 Wallets with the Edge Browser

  • Microsoft’s Edge Browser Might Eventually Include a Non-Custodial Crypto Wallet
  • How High Demand and Network Capacity Problems Might Cause Delays for ETH Staking Withdrawals

Microsoft’s Edge Browser Might Eventually Include a Non-Custodial Crypto Wallet

A Web3 wallet that is compatible with non-fungible tokens (NFTs) and cryptocurrencies is reportedly being developed by Microsoft and will be incorporated into its Edge internet browser. The initial phases of the revamped Web3 wallet’s user interface were depicted in screenshots released on Twitter by Albacore, a software documenter and infrequent data leaker, on March 17th.

Introducing a crypto wallet in the default browser prompted doubt in Albacore, who referred to it as one of the numerous dubious forthcoming innovations for Microsoft Edge.

One of the screenshots depicts the Edge wallet’s initial page, where Microsoft invites customers to test its first Web3 wallet and offer constructive criticism as it is being developed. Unfortunately, the wallet will be non-custodial if the rumors are accurate, so Microsoft cannot access recovery keys and passwords.

The wallet will also be “integrated into Edge” rather than being a separate browser extension that must be set up. The wallet’s functionality consists of the capacity to exchange, send, and buy cryptocurrencies.

The wallet will be linked with Coinbase exchange and Web3 technology startup MoonPay, allowing users to acquire and transfer crypto assets to their wallets.

According to Albacore, Microsoft frequently creates and tests several features, but they have yet to be made available to the general public. In addition, the researcher claims that the Edge team often tries various concepts to determine which ones perform best, leading to the testing and eventual removal of numerous outdated features.

Albacore nevertheless verified that the Edge wallet is operational and based on personal usage; it’s conceivable that Microsoft will implement it in the future. However, Albacore believes that Microsoft wouldn’t bother putting the wallet into production if it were only a fair trial.

How High Demand and Network Capacity Problems Might Cause Delays for ETH Staking Withdrawals

The Binance cryptocurrency exchange said on March 17th that it would support the Capella (Shapella) and Ethereum Shanghai update and execute staked Ethereum payouts. Nevertheless, staked Ethereum withdrawals from the platform will be postponed for seven days owing to the planned mainnet upgrade on April 12th.

The formal confirmation indicated that Binance would facilitate the Shapella upgrading and will resume staking withdrawal of Ethereum based on the ETH 2.0 Staking site one week after the update is completed correctly. As a result, departures of staked Ethereum made by Binance users would be delayed by one week.

Participants in ETH 2.0 Staking can maintain staking their ETH and earn BETH incentives regardless of the Shapella updates on April 12th by using the ETH 2.0 Staking website to convert BETH for ETH on a 1:1 ratio.

After the Capella and Shanghai innovations are finished, Binance will send out different notifications to users regarding Ethereum staking withdrawals. Because the Ethereum network has limitations on withdrawals, Binance plans to set up a daily ETH redeemable allotment for each user.

Due to the Shanghai upgrade’s strong demand and network capability concerns, Ethereum staking withdrawal may face delays. According to Binance, there will likely be a waiting list for Ethereum redemption.

The largest network for ETH liquid staking, Lido Finance, recently disclosed that payments for Lido staked Ethereum (stETH) may be postponed until May. That is because Lido won’t begin processing withdrawals until all outstanding audits for Lido V2 codes have been completed, as opposed to Binance’s one-week delay. Therefore, any stETH withdrawals will unlikely occur on the mainnet before noon.