DuckDuckGo users have fallen victim to phishing attacks, resulting in significant cryptocurrency losses after visiting fraudulent websites that impersonated Etherscan.
The new offering will allow MetaMask users to purchase directly from their self-custodial crypto wallet.
The MultiversX Snap for MetaMask introduces a new level of security, embedding two-factor authentication directly into the blockchain protocol for enhanced protection.
The US Securities and Exchange Commission (SEC) has instituted a lawsuit against Metamask developer, Consensys. The Commission alleges that the crypto firm violated securities laws by acting as an unregistered securities broker. Related Reading: Chainlink (LINK) To Hit New Highs? Analysts Predict $25 Target SEC Accuses Consensys Of Violating Securities Laws Using Metamask According to the court document, the SEC claims that Consensys has acted “as an unregistered broker of crypto asset securities through its MetaMask Swaps service” since October 2020. The Commission also accused the crypto firm of engaging in the unregistered offer and sale of securities through crypto staking programs. The SEC stated that Consensys has brokered over 36 million crypto transactions since 2020 through its MetaMask Swaps, at least 5 million involving crypto asset securities. Metamask is known as one of the most widely used crypto wallets. In addition to storing their crypto assets on the application, users can buy and sell cryptocurrencies by swapping one crypto asset for the other. This ‘Swap’ service forms the focal point of the SEC’s enforcement action. The SEC claims that some of these crypto assets are securities, and by enabling users to swap these securities, Consensys acted as an unregistered securities broker, thereby violating securities laws in the process. The SEC went further to list Polygon (MATIC), Decentraland (MANA), Chiliz (CHZ), The Sandbox (SAND), and Luna (LUNA) as the crypto securities that were made available for trading on Metamask’s swap platform. Additionally, the SEC accused Consensys of performing a “traditional function of the securities market” by offering and selling securities for Lido and Rocket Pool. The Commission claimed that the staking programs offered by Lido and Rocket Poo are investment contracts and that Consensys was in the wrong by offering these securities through unregistered transactions on its ‘MetaMask Staking’ platform. The Genesis Of The Legal Battle Between SEC And Consensys Interestingly, the SEC’s lawsuit against Consensys comes just months after the crypto firm filed a lawsuit against the Commission, accusing the SEC of an “unlawful seizure of authority.” Consensys sought Judicial relief against a potential action from the SEC. They also asked the court to declare that Ethereum wasn’t a security and that the SEC had no jurisdiction over crypto-related matters. The crypto firm looked to have won that battle, considering that the SEC dropped its investigation into Ethereum’s status as a security. However, in the letters informing Consensys about the Commission’s decision to drop its investigation into Ethereum, the SEC had warned the crypto firm that they could bring enforcement actions against them relating to other issues, which they have now done. Related Reading: Don’t Sweat The Dip! Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst Reacting to the SEC’s lawsuit, Consensys stated that it would “vigorously pursue” the lawsuit it had initially filed against the SEC. The crypto firm also remarked that they had fully expected” the SEC to follow through with its threat of claiming that MetaMask had to be registered as a securities broker. Featured image from CNBC, chart from TradingView
The U.S. SEC claims Consensys has been operating as an unregistered broker through MetaMask.
MetaMask said that 99% of ETH holders do not have the required 32 ETH to participate in Ethereum staking.
Reports suggest that MetaMask is preparing to support native Bitcoin transactions. The company has not provided a timeline or confirmed the plans.
Learn how to connect the BNB Smart Chain to your MetaMask wallet and access a world of DApps, tokens and DeFi opportunities.
It's the first step on a more ambitious roadmap to transform how Ethereum's biggest wallet works under the hood.
Paul Grewal, the Chief Legal Officer (CLO) of Coinbase, has become a major voice in the continuing discussion about the legal classification of Ethereum by the United States Securities and Exchange Commission (SEC), arguing in favor of the platform’s non-security status. Broader Recognition Of Ethereum Security Nature Taking to the X (formerly Twitter), the Coinbase […]
According to a blog post shared with CoinDesk, the new Kraken Wallet will be the first from a major exchange to be open-sourced.
After reviewing some of its crypto services over the past months, London fintech Revolut announces direct purchases through MetaMask.
The digital bank continues to expand its crypto offerings with its new product “Revolut Ramp,” which aims to make it easier for customers to purchase cryptocurrencies.