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MoonPay boosts self-custodial crypto spending with new solution

MoonPay Balance will support deposits and withdrawals in euros and British pounds, with future plans to expand to the US.

Cryptocurrency infrastructure firm MoonPay is moving to improve self-custodial spending by introducing a new payment solution allowing users to hold and spend fiat balances.

On Nov. 13, MoonPay officially introduced MoonPay Balance, a new payment tool enabling users to store and spend fiat balances on MoonPay and use it as an entry point to interact with decentralized finance (DeFi).

The new solution empowers users to spend balances through MoonPay’s direct integration with non-custodial or self-custodial wallets like MetaMask, Phantom and Bitcoin.com, according to an announcement shared with Cointelegraph.

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Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

dYdX lays off 35% of staff shortly after major Consensys cuts

The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees. 

dYdX Trading, the firm behind the decentralized crypto exchange, has laid off 35% of its staff, with its newly returned CEO Antonio Juliano hinting at the need for a new company direction.  

“Today, I made the incredibly difficult decision to lay off 35% of the dYdX core team,” said Juliano, who rejoined as CEO of the company on Oct. 10 after stepping away from the role in May.

It comes on the same day that Consensys — the firm behind MetaMask — reduced its workforce by 20% in a bid to become a “more agile organization,” according to CEO Joe Lubin. 

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Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Blockchain Firm Consensys Lays Out Plea for Clear Crypto Regulations in Open Letter to Next US President

Blockchain Firm Consensys Lays Out Plea for Clear Crypto Regulations in Open Letter to Next US President

Blockchain software firm Consensys is begging for clear crypto regulations in an open letter to the next US President. In the letter, Consensys says regardless of who wins the upcoming presidential election, the path the government is currently taking toward regulating the crypto industry – which includes taking enforcement actions against law-abiding companies – is […]

The post Blockchain Firm Consensys Lays Out Plea for Clear Crypto Regulations in Open Letter to Next US President appeared first on The Daily Hodl.

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Unstoppable Domains Launches Metamask Snap, Enabling Cross-Chain Name Resolution for 4 Million Users

Unstoppable Domains Launches Metamask Snap, Enabling Cross-Chain Name Resolution for 4 Million UsersUnstoppable Domains has announced the launch of Metamask Snap, an integration that allows for cross-chain name resolution for over 4 million users. This new feature enables users to send and receive cryptocurrency using easily recognizable domain names instead of complex wallet addresses, significantly enhancing the user experience within Metamask. The Unstoppable Domains Snap expands Metamask’s […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

MetaMask Launches pilot self-custody debit card with Mastercard

More than one billion individuals remain unbanked or without adequate access to banking services, according to 2022 data from the World Bank.

Popular DeFi wallet MetaMask has partnered with Mastercard and digital payments company Baanx to launch a self-custody debit card pilot program for select users in the United Kingdom and the European Union, with plans to roll out the product in other regions over time.

The card allows users to self-custody their funds until the moment the transaction is processed and the customer's digital assets are converted into fiat for payment at retail outlets, online shopping outlets, and other merchants.

In a statement to Cointelegraph, Lorenzo Santos, senior product manager at Consensys explained that users need to hold their crypto on the Linea network and use Linea to set spending limits on the card.

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Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Metamask Partners With Mastercard to Launch Crypto-Backed Debit Card in Europe

Metamask Partners With Mastercard to Launch Crypto-Backed Debit Card in EuropeMetamask has teamed up with Mastercard and Baanx to launch a debit card that lets users spend their crypto assets directly from their self-custody wallets. Consensys, the firm behind the project, views this new card as a pivotal step in weaving digital currencies into everyday life. Mastercard and Metamask Team Up to Launch Crypto Debit […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Switching from MetaMask? Here are 5 alternative crypto wallets

Which cryptocurrency wallets are good alternatives to MetaMask?

Since the inception of cryptocurrencies, a plethora of crypto wallets have emerged, with one of the most popular being the MetaMask browser extension wallet from software technology firm Consensys. 

Launched in 2016, MetaMask is now the most popular wallet for interacting with decentralized finance (DeFi).

MetaMask owes much of its popularity to its ease of use and wide range of functionalities.

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Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Consensys Acquires Wallet Guard to Enhance Metamask Security

Consensys Acquires Wallet Guard to Enhance Metamask SecurityConsensys has announced its acquisition of Wallet Guard, a browser extension focused on protecting digital assets from theft and fraud. This move aims to integrate Wallet Guard’s security features into Metamask. Metamask to Boost Security Following Consensys’ Wallet Guard Acquisition The acquisition comes as the Web3 ecosystem faces persistent security challenges, with scams and hacks […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance

Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of FinanceThe Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion. Digital Chamber Criticizes SEC’s Action The Digital Chamber (TDC) has called on the […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights