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Google Chrome launches built-in user tracking for advertisers

Chrome’s Privacy Sandbox tracks users’ behavior within the browser instead of relying on third-party cookies.

Google Chrome launched its built-in tracking and ad-curation platform, “Privacy Sandbox,” on Sept. 7 for general availability, according to a company blog post. The platform was originally rolled out to a small percentage of users but is now available to around 97% of users. Google said the remaining 3% will be onboarded over the next few months.

Privacy experts have criticized the new tracking system. But in its announcement, Google defended it, stating that Privacy Sandbox needs to be implemented to eliminate third-party cookies and fingerprinting.

Over 80% of websites use Google’s Adsense service to generate ads on their pages, according to business analytics platform 6sense. To target ads to readers effectively, Adsense embeds cookies in the user’s browser. These cookies track users’ behavior as they browse from site to site, gathering data that can be used to determine what products they may be interested in buying. Because these cookies are produced by Google rather than the website being visited, they are often called “third-party cookies.”

Some competing ad platforms such as Microsoft Ads also use third-party cookies.

Privacy advocates have criticized the practice of embedding third-party cookies, and some users have sought ways to block them. Apple’s Safari, Mozilla’s Firefox and Brave’s Brave browser have all implemented blocks on third-party cookies by default. Chrome users can also choose to block these cookies through the settings menu.

In a January 2020 blog post, Google argued that browsers should not block third-party cookies by default until an alternative tracking system is created. “Some browsers have reacted to these concerns by blocking third-party cookies,” the post said, “but we believe this has unintended consequences that can negatively impact both users and the web ecosystem.” 

According to Google, blocking third-party cookies may lead to “[encouraging] the use of opaque techniques such as fingerprinting (an invasive workaround to replace cookies), which can actually reduce user privacy and control.”

The Sept. 7 announcement echoes these earlier statements, claiming:

“Without viable privacy-preserving alternatives to third-party cookies, such as the Privacy Sandbox, we risk reducing access to information for all users, and incentivizing invasive tactics such as fingerprinting.”

Google Chrome’s new Privacy Sandbox platform allows user data to be tracked within the browser itself. For this reason, Google believes it will enhance privacy, as it will do away with the need for third-party cookies. However, Google also emphasized that it will not start blocking third-party cookies by default until a later date.

Related: Google responds to accusations of ads tracking data of children

The Electronic Frontier Foundation, a digital privacy advocacy group, argued that an earlier version of the Privacy Sandbox did little to enhance privacy, as it continued to track users’ behavior, albeit within the browser instead of through cookies. According to the group, the Privacy Sandbox could be even more invasive than third-party cookies in some respects.

The new Chrome interface reveals that Privacy Sandbox can be turned off through three different settings within the “Ad privacy” menu.

Chrome Ad privacy settings. Source: Chrome browser for Android

Brave browser also implements a platform called “Brave Ads,” which tracks users’ behavior. This feature is turned off by default, and if users choose to opt in, they get paid in Basic Attention Token (BAT) for ads they view.

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Coinbase enables users to fund wallets from Chrome browser extension

It's an especially simplified process for American and Canadian Coinbase users, who can use their debit cards for transfers.

On Wednesday, Coinbase launched a new feature, dubbed "Coinbase Pay," that enables its clients to fund their Coinbase Wallets directly from a Chrome browser extension. According to its staff, Coinbase Pay intends to make it intuitive for anyone to participate in decentralized finance, or DeFi, swap tokens on decentralized exchanges, or DEXs, and purchase nonfungible tokens, or NFTs, in just a few clicks. Specifically, they wrote:

"Before Coinbase Pay, users who wanted to add funds to their Coinbase Wallet from the browser extension needed to navigate to Coinbase.com, sign in to their account, copy-paste their wallet address, and manually transfer funds from their Coinbase account. The process was not only cumbersome, but also left the user vulnerable to user error."

With Coinbase Pay, one would simply need to select the currency to add to one's wallet on Chrome, specify the amount and confirm the transaction. "No more switching between apps, copy-pasting addresses and manually transferring funds," the staff at Coinbase wrote.

According to the company, users do not need a Coinbase.com account to use Coinbase Wallet. However, they would need to link their self-custody wallet to their Coinbase account before using Coinbase Pay as a fiat-to-crypto on-ramp service. Despite coming from a centralized exchange, private keys within the extension are stored by the user and not by Coinbase.

Last month, the Coinbase wallet enabled support for the Ledger hardware wallet. By the end of last year, the exchange had grown to store 12% of all crypto across more than 150 asset types. The company also has plans to launch its own NFT marketplace. At the time of publication, there are currently 3.86 million email addresses recorded on the Coinbase NFT waitlist. 

China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display

Browser-based DeFi wallet XDEFI launches public version

XDEFI will challenge MetaMask’s dominance of the browser wallet space by offering a new user experience for decentralized finance and nonfungible tokens.

XDEFI Wallet, a browser-based wallet service for decentralized finance (DeFi) and nonfungible token (NFT) users, launched its public version on the Chrome Store.

Similar to the widely-used browser extension wallet MetaMask, the XDEFI Wallet supports DeFi applications across multiple blockchains. According to the announcement, the browser wallet works with the Ethereum (ETH) network and other Ethereum Virtual Machine-compatible chains.

Supporting THORchain and Terra, XDEFI Wallet has plans to include Avalanche, Solana and Arbitrum.

In a previous conversation with Cointelegraph, Émile Dubié, co-founder and CEO of XDEFI Wallet, argued that cross-chain compatibility was necessary to ensure better utilization of Web 3.0.

“No need to switch from a wallet to another, no need to deal with several seed phrases — just use the same vehicle to access different destinations,” Dubié told Cointelegraph.

XDEFI Wallet features an “Ape Mode” that reportedly utilizes a proprietary gas algorithm to offer faster transaction throughput for users. According to Dubié, Ape Mode will be an “indispensable edge” for DeFi and NFT users.

Related: OP Crypto Capital founder cites gaming, Web 3 as drivers of crypto economy

Given the focus on DeFi and NFTs as part of the strategy to challenge MetaMask, XDEFI Wallet also features some “built for NFT” features.

According to the announcement, XDEFI offers automatic in-wallet NFT detection capabilities as well as a grid display for collectibles.

As a wallet platform, XDEFI will also enable crypto trading with users able to make fiat purchases for cryptocurrencies via payment gateway service Ramp.

XDEFI Wallet previously received backing from investors like Mechanism Capital, Sino Global Capital, Morningstar Ventures, Alameda Research, CoinGecko and others to the tune of $6 million.

China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display

Convenience Powered by Security: A New Browser Wallet Connects dApps to Free TON

Convenience Powered by Security: A New Browser Wallet Connects dApps to Free TONA highly scalable, decentralized blockchain platform gets a convenient browser wallet to facilitate dApps development. Crystal Wallet Metamask. Anyone who has worked with Ethereum for more than a week is familiar with this browser wallet. It lets countless decentralized applications (dApps) connect to Ethereum, send transactions, and interact with smart contracts. Metamask has become an […]

China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display