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Google Introduces Bitcoin Wallet Balance Searches, Privacy Questions Emerge

Google Introduces Bitcoin Wallet Balance Searches, Privacy Questions Emerge

Key Takeaways

  • Google's new feature lets users directly see crypto balances and transactions in the search results by entering their wallet addresses.
  • This functionality extends to several blockchain platforms, including Bitcoin, Arbitrum, Avalanche, Fantom, Optimism, and Polygon.
  • While the feature improves access to crypto information, it has also raised privacy concerns over the centralized gathering of blockchain data.

Google now indexes Bitcoin and other blockchain data.

Users can now see their token balance, recent transactions, and the last time their wallets were updated in the search results by simply inputting their wallet addresses.

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What is a Crypto Mining Pool? Is it Worth it? (Beginner-Friendly)

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Alongside Bitcoin, this new feature involves several other blockchains, including Arbitrum, Avalanche, Fantom, Optimism, and Polygon.

It supports three Bitcoin address formats: P2PKH, P2SH, and Bech32.

Although this incorporation has enhanced accessibility to blockchain activities, it has raised concerns about personal privacy and centralized data collection.

This news follows Google's earlier ventures into crypto, such as including Ethereum Name Service (ENS) domain search results and tracking Ethereum wallet balances.

Various partnerships and initiatives have also marked Google's engagement with the crypto sector. For example, the tech giant has collaborated with crypto exchange Coinbase to allow cloud service payments using crypto.

The firm has also recently updated its policy to allow advertising of Bitcoin exchange-traded funds (ETFs). This shift came shortly after the US Securities and Exchange Commission (SEC) approved several spot Bitcoin ETFs.

As Google continues expanding its footprint in crypto, the dialogue around privacy and the role of large tech corporations in the decentralized world will likely intensify.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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