Tag: metamask

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MetaMask Adds Instant Bank-to-Crypto Transfers – Top Crypto Updates

MetaMask adds instant bank-to-crypto transfers

MetaMask users will now be able to fund their crypto wallets via bank transfers instantly. Users can now convert their fiat into crypto through an integration with fintech firm Sardine. Sardine set a purchase limit of up to $3,000 per day, $5,000 per week, and $25,000 per month for more than 30 tokens. ConsenSys, the blockchain technology company behind Metamask, also participated in Sardine’s recent funding round.

Crypto prices today: Bitcoin up 0.7%, ETH rises 2%

Bitcoin is currently trading at $19,282.86, an increase of 0.72% over the previous day. Ethereum is up 2% over the last 24 hours to $1,310.43. Solana rose 1.66% to $30.27, while Cardano is trading higher by 0.16% at $0.368. Avalanche (AVAX) rose 1.82% to $15.87. The global crypto market cap stands at $923.46 billion, a 0.71% increase over the previous day.

India aims to develop crypto SOPs during G20 presidency

India’s Finance Minister, Nirmala Sitharaman, revealed the government’s plan to develop standard operating procedures (SOPs) for crypto during its G20 presidency from Dec 1, 2022, to Nov. 30, 2023. She further highlighted the use of crypto assets in money laundering as detected by the Enforcement Directorate (India’s law enforcement agency). The minister had previously called for global collaboration to decide on crypto’s future and has been cautious against mainstream crypto adoption.

North Korean hacker group Lazarus targets Japanese crypto firms

North Korean hacker group Lazarus has attacked several Japanese crypto funds through phishing and social engineering. A report by Japan News stated that some companies have had their internal systems hacked and some cryptocurrency has been stolen.

Phishing is a form of hack that involves a malware-infected link being sent to a victim, a virus will be installed on the targeted computer when the link is clicked. Lazarus is said to have been sharing these links via email and social media.

NFT marketplace Magic Eden moves to optional royalty model

Solana non-fungible token (NFT) mainstay Magic Eden is moving to an optional royalty model. The company will also be waiving its 2% platform fee. The company also said it’s allocating $1 million towards a fund to create better royalty enforcement tools and hopes to experiment with “new models outside of royalties” in the future. 

Société Générale’s crypto division secures regulatory approval in France

SG Forge, the crypto subsidiary of multinational financial services firm Société Générale, has secured regulatory approval from the French financial regulator (AMF) for activities related to trading crypto. Its registration covers the custody, purchase, sale, and exchange of digital assets.

The company had recently announced a partnership with Swiss custody specialist Metaco to focus on growing its security tokens offering. 

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Metamask Unveils Digital Asset Portfolio dApp – Top Crypto Updates

Metamask unveils all-in-one digital asset portfolio dApp

Metamask has launched a new beta decentralized application (dApp) that serves as a one-stop shop for managing crypto and non-fungible token (NFT) portfolios on different platforms. Users can access this dApp by clicking the “Portfolio” link on their browser extension’s home screen to connect multiple accounts. The dApp is available on the browser extension and for mobile users as well.

Crypto prices today: Bitcoin up 1%, ETH rises 1.3%

Bitcoin is currently trading at $19,530.66, an increase of 0.92% over the previous day. Ethereum is up 1.37% over the last 24 hours to $1,339.76. Solana rose 2.45% to $34.11, while Cardano is trading higher by 1.32% at $0.436. Avalanche (AVAX) rose 1.2% to $17.38. The global crypto market cap stands at $944.04 billion, a 0.72% increase over the previous day.

ETHW surges as Binance launches Ethereum Proof-of-Work mining pool

Crypto exchange Binance announced an Ethereum Proof-of-Work (ETHW) mining service for its users. Those who take part in the pool will not be charged a fell until October 29. Following this news, ETHW (the new asset born out of Ethereum’s merge earlier this month) surged 12% over 24 hours.

Mining pools are formed when groups of crypto miners want to share resources to allow other miners to work with them and collectively have a better chance of processing a transaction.

Warner Music Group partners with OpenSea

Warner Music Group will partner with NFT marketplace OpenSea to accelerate its artists’ expansion into Web3. The collaboration will grant Warner Music artists early access to new OpenSea products, improved discoverability on the NFT marketplace, and featured portions of the OpenSea site for upcoming NFT projects.

Meta opens NFT sharing on Instagram, FB to all US users

Meta has launched NFT collectibles support for all Facebook and Instagram users in the United States. Users can now connect wallets from Coinbase, Dapper Labs, MetaMask, Rainbow, and Trust with Instagram to post digital collectibles minted on Ethereum, Polygon, and Flow. Insta users can also crosspost their NFTs to their Facebook accounts.

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Blockchain Security Firm Forta Launches Native Token – Top Crypto Updates

Blockchain security firm Forta launches native token

Blockchain security firm Forta introduced a native token, FORT, to provide an incentive to secure the network. Forta was born from blockchain security startup OpenZeppelin late last year. It takes a decentralized approach to security by working with researchers who deploy bots to patrol various corners of the blockchain world.

Crypto prices today: Bitcoin rises 2.6%, ETH up 4%

Bitcoin is currently trading at $21,796.45, an increase of 2.6% over the previous day. Ethereum is up 4.2% over the last 24 hours to $1,171.26. Solana jumped 17% to $32.91, while Cardano is trading higher by 10.16% at $0.509. Avalanche (AVAX) rose 11.56% to $17.13. The global crypto market cap stands at $938.20 billion, a 3.14% increase over the previous day.

The crypto market responded positively to the U.S. Federal Reserve’s move to raise interest rates by 75 basis points on Wednesday.

OpenSea moves to Seaport Protocol to cut ETH gas fees by 35%

OpenSea has moved to the “Seaport Protocol,” a new smart contract that will allow its 1.8 million users to save money on Ethereum gas fees. With the Seaport contract, users will be able to save roughly 35% on transaction fees. New accounts will no longer require the one-time “setup fee” OpenSea previously charged.

MetaMask, Phantom patch serious security bug

Solana wallet Phantom said it is rolling out a new update next week to strengthen its security after it patched a “demonic vulnerability” discovered by blockchain cybersecurity firm Halborn in May 2021. The bug affected MetaMask, Phantom, Brave, and XDefi browser extension crypto wallets.

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Tether Launches Peso-Backed Stablecoin – Top Crypto News

Tether launches Mexican Peso-backed stablecoin

Tether has announced the launch of MXNT, a new type of stablecoin backed by the Mexico Peso (national currency). Initially, MXNT will be available on the Ethereum, Polygon, and Tron blockchains. The launch of MXNT will provide a testing ground for onboarding new users in the Latin American market. It will also pave the way for launching fiat-pegged currencies in the region in the future.

Crypto prices today: Bitcoin falls 2.5%, ETH down 9%

Bitcoin is currently trading at $28,872.9, a 2.5% decline over the previous day. Ethereum plummeted 8.5% over the last 24 hours to $1,757.46. Solana crashed 11.11% to $41.21, while Cardano is trading lower by 8.4% at $0.461. Avalanche (AVAX) fell sharply by 12.3% to $22.76. The global crypto market cap stands at $1.19 trillion, a 5.16% decline over the previous day.

MetaMask partners with Asset Reality for recovery of stolen digital assets

Non-custodial crypto wallet MetaMask has partnered with Asset Reality to create a solution for recovering, managing, and accessing seized crypto and complex assets. The two entities will help victims of scams across the globe recover their digital assets. With the exponential growth of Web 3.0 in the last few years, the number of online scams has increased along with new financial services and innovative applications.

Huobi acquires Latin American crypto exchange Bitex

Chinese crypto exchange Huobi has acquired Latin American crypto exchange Bitex to expand its presence in the region. Huobi plans to integrate Bitex’s exchange platform with its global platform. With over 200,000 open accounts, Bitex serves individuals, high-net-worth clients, and corporate customers. It operates in Argentina, Chile, Paraguay, and Uruguay.

Crypto tax firm CoinTracker forays into Indian market

US-based CoinTracker announced its foray into the Indian market with an official product launch. The crypto tax compliance and portfolio tracking products offered by CoinTracker are now available for crypto users in India. The company aims to collaborate with partners and the community to boost crypto adoption and usage in the country.

CoinTracker’s entry comes at a time when the crypto industry is grappling with a 30% tax on virtual assets and will additionally start paying 1% TDS starting July 1. \

Crypto scammers pose as journalists, NFTs on Twitter

As per a Bloomberg report, internet scammers are using hijacked accounts on Twitter to promote shady crypto platforms that enable them to compromise victims’ sensitive data. Since March 2022, fraudsters have impersonated journalists, crypto apps, and a variety of nonfungible token (NFT) projects on Twitter to steal users’ virtual currency, usernames, and password credentials.