Investors’ faith in self-custodial platforms was badly shaken by events in the cryptocurrency industry last year. However, most retail investors aren’t familiar with or prepared to evaluate the pros and cons of various custodian options. Furthermore, many traders are not familiar with self-custodial options that are now on the market.
ConsenSys, an Ethereum development firm and the creator of the popular MetaMask wallet, has announced it would be laying off 11 percent of its staff. The announcement was made by CEO Joseph Lubin in a blog post earlier today. In light of what Lubin calls “challenging and uncertain market conditions,”
The popular cryptocurrency wallet platform MetaMask has released a staking beta in conjunction with Lido and Rocket Pool. The newly created protocol for users who want to stake Ethereum directly from MetaMask will enter public beta testing soon. According to the release, the Web3 community has shown an increased interest
Popular Crypto Wallets MetaMask and Ledger have begun educating the crypto community about what “address poisoning” scams are. Bankruptcies, liquidity crashes, hacks, exploits, and scams created a horrendous scene in the crypto market. From rug pulls, ponzis to phishing and cache poisoning, scams of every kind have spiked lately, wiping
MetaMask is a decentralized, non-custodial mobile digital wallet which enables users to store, buy, send, convert, and swap crypto assets. The crypto wallet is built on Ethereum blockchain and ranks top for popularly used crypto applications in the world. Further, to take a deep dive into the matter, Wyre is
In a recent update, the widely used cryptocurrency wallet MetaMask stated that it will begin supporting Layer 2 networks like Arbitrum and Optimism for its Swaps functionality. In the past, only Ethereum, Binance Smart Chain (BSC), Polygon, and Avalanche could participate in MetaMask Swaps. Users may aggregate data from many
To streamline the cryptocurrency purchasing process, PayPal is collaborating with the cryptocurrency wallet MetaMask. According to the joint statement, both organizations are looking at providing consumers with a variety of methods for moving their digital assets across platforms. A joint press statement was issued today by the two firms, announcing
Since the cryptocurrency community fought back against ConsenSys’ privacy policy last month. The company has given various revisions and explanations about how it handles user data. Last month, when users found out about the practice. Many of them saw it as going against the decentralized, privacy-focused spirit of Ethereum. Following
Coinbase Wallet said on Thursday that it would no longer allow NFT transfers for iOS customers because of the 30% gas tax that Apple adds to each transaction. In response to Apple’s drastic cutbacks, MetaMask wallet co-founder Dan Finlay said that he is ready to join Coinbase in abandoning the
Sber, Russia’s biggest bank, now supports the MetaMask cryptocurrency wallet. In a drive toward DeFi and Web3, the bank has stated that blockchain technology has been integrated. Integration with the Ethereum ecosystem is shown through the advancement. The data also pointed to the untapped potential for its proprietary blockchain. This
