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MetaMask launches new fiat purchase function for cryptocurrency
The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers and instant ACH.
Cryptocurrency wallet and decentralized application (DApp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio Dapp. The move is intended to provide users with an easier way to purchase crypto with fiat currency.
The new “Buy Crypto” feature enables MetaMask users to purchase a wide range of cryptocurrencies using various payment methods, including debit or credit cards, PayPal, bank transfers, and instant ACH (Automated Clearing House). The service will be rolled out to users in over 189 countries and will offer more than 90 tokens across eight different networks, including Ethereum, Polygon, Arbitrum, BNB Smart Chain, Avalanche Contract Chain, Fantom, Optimis and Celo. Read More
What is a crypto dusting attack, and how do you avoid it?
Crypto dust is small amounts of cryptocurrency sent to a large number of wallet addresses with benevolent or malicious purposes.
Generally, dust is considered the amount of cryptocurrency equal to or lower than a transaction fee. Bitcoin, for example, has a dust limit imposed by Bitcoin Core, the Bitcoin blockchain software, of around 546 satoshis (0.00000546 BTC), the smaller denomination of Bitcoin (BTC). The wallets’ nodes that apply such a limit may reject transactions equal to or smaller than 546 satoshis.
Dust could also be the small amount of cryptocurrency that remains after a trade as a result of rounding errors or transaction fees and can accumulate over time. That small amount is not tradeable but can be converted into the exchange’s native token.
Crypto dust should not pose a significant threat, as it has mainly been used for legitimate rather than malicious purposes. For example, reaching out to wallet holders via dusting can be an alternative advertising method to more traditional mailshots. The dust transactions can contain promotional messages, so dusting is used instead of mailshots.
Despite not being a major concern, crypto users should still know what a dust attack is and take measures to protect themselves should it occur. Read More
Coinbase CEO says Bitcoin Lightning is 'something we’ll integrate'
“Lightning is great and something we’ll integrate,” Brian Armstrong said in response to an allegation that he was “ignoring” the network.
Bitcoin layer 2 scaling solution Lightning may feature on the cryptocurrency exchange Coinbase in some capacity, according to its CEO, Brian Armstrong.
In a tweet on April 8, Armstrong said that “Lightning is great and something we’ll integrate” in response to a tweet criticizing him for “actively ignoring” the network.
Armstrong provided no further details on what a Lightning integration with Coinbase would involve or when it could be expected.
Coinbase, along with Binance and the now bankrupt FTX, has been called out in the past for not integrating the Lightning network which enables faster and cheaper BTC transactions than the Bitcoin base network. Read More
Crypto Venture Capitalist Forecasts Future of Decentralized Social Media – Here’s His Outlook
Crypto venture capitalist Sriram Krishnan is giving his take on the future of decentralized social media as multiple projects in the space make their mark.
In a new interview with Bankless, the general partner at venture capital fund Andreessen Horowitz (a16z) says that people are increasingly discovering the benefits of decentralized social media platforms.
Krishnan says a number of decentralized social media projects are under development that stand to benefit from people migrating away from centralized platforms, where decision-making is made by a select few.
“Mastodon, for example, has gotten a lot of usage or a lot of attention over the last few months, which I like. I’m obviously a crypto maximalist. I just like it that people are getting used to, ‘Hey, maybe I don’t want one centralized set of people making all my decisions. I want to control my own destiny and maybe the group around me should set my own policies.’ Read More
Also, Updates On New Integrations And The Markethive Wallet
As the bear market continues with its crypto-cleanse and traders bemoan the adverse price action, some industry leaders opine these conditions will eradicate bad actors and create more significant opportunities for upcoming projects and future participants. Several leading crypto analysts and engineers embrace the idea that this is the time to engage in moves leading to the loftiest gains when the bull cycle returns.
Markethive stands firm with these sentiments and continues to build its next-generation entrepreneurial platform and be ready for the market-cleansed bull run. Those on the Markethive journey may be aware that new features are being integrated into the newsfeed in preparation for the five-channel dashboard housing various feeds.
The innovative five-channel dashboard integration will consist of five newsfeeds—the general newsfeed, the blog, the video channel, curation, and surveys.
It will significantly streamline your activities and business facilitation and will include a search engine so you can build your personal algorithms. This will save time and effort by eliminating what you don’t want to see in your newsfeeds, be more intuitive, and enhance the user experience.
CEO of Markethive, Thomas Prendergast, and the team of engineers have made substantial headway with the wallet. It is all but done, and the release is imminent. It’s not a simple wallet that just transfers coins. It is a complete portfolio and accounts of all your transactions, payments, and affairs, including your ILPs. The wallet comprises fourteen major foundational processes and is your internal wallet on the Markethive database. Read More
Ethereum block explorer Etherscan adds anti-scam feature
The site will hide zero-value transfers to protect against address poisoning attacks.
Etherscan, a block explorer for the Ethereum blockchain, announced on April 10 a feature that is designed to prevent users from falling victim to scams.
Etherscan to hide zero-value transfers:
Etherscan said that, in order to protect users from scams called address poisoning attacks, it will hide zero-value token transfers by default.
While the site previously greyed out zero-value transactions, those transactions are now hidden entirely under the new feature.
During an address poisoning attack, a scammer creates a “spoofed” address that is nearly identical to one that their target has previously transacted with. The scammer then sends zero-value transfers from the spoofed address to the target’s address. The target may confuse the two similar addresses and direct funds to the spoofed address by mistake.
Because this approach depends on user error and is a type of phishing, hiding transactions that contain no value can make the scam far less alluring to its victims. Read More
More Bitcoin Than Ever Is Now ‘Dormant’—Here’s What That Means
Over 53% of coins ever minted haven’t budged for more than two years, new data shows.
Even as Bitcoin surges to levels not seen in months, HODLing will never go out of style.
More than half of the coins in existence have not moved in over two years, according to recent figures—a new all-time high.
Blockchain data firm Glassnode told Decrypt that the amount of Bitcoin which last moved more than two years ago currently stands at 53.14%.
That means 10.2 million Bitcoin is sitting still—roughly $309 billion-worth of satoshis. A total of 19.3 million Bitcoins have been mined since the cryptocurrency came into existence.
Arkham Intelligence CEO Miguel Morel told Decrypt that dormant coins often find their way back into circulation over time.
“Coins have organically transferred from those with high-time and liquidity preference to those with low-time and liquidity preference,” Morel said. "Through all the shake-ups, for every seller there’s a buyer." Read More
History of ETH: The Rise of the Ethereum Blockchain
Ethereum is an open-source, public service that employs blockchain technology to enable smart contracts and cryptocurrency trading without the involvement of a middleman, but where did it come from? The cryptocurrency world is a young sector that essentially started with the inception of Bitcoin (BTC) in 2009. Bitcoin came into play as an experiment offering two components — an internet-based asset and the underlying blockchain technology on which that asset runs. From there, people used the online currency and blockchain concepts to come up with other projects and assets.
Ethereum is a blockchain that hosts a notable amount of functionality for developers building solutions on Ethereum as a base. The Ethereum blockchain has a native coin that is known as Ether (ETH), which is used to pay for activity on the Ethereum blockchain. The coin also trades on crypto exchanges and fluctuates in value. Other assets built on the Ethereum blockchain such as ERC-20 tokens, for example, require ETH as payment for fees associated with any transactions of those assets. The Ethereum blockchain was written in the Solidity programming language. A nonprofit entity, the Ethereum Foundation, serves as one of the overseers of the Ethereum project.
Unlike Bitcoin, with its mysterious creation and creator(s), Ethereum’s history is more straightforward. Vitalik Buterin and several others co-created Ethereum, but the details surrounding the massive blockchain’s backstory warrant further explanation. Read More
What if Ledger Goes Out of Business?
“The Ledger wallet is a fantastic way to store the private keys to my crypto, but what would happen to them if Ledger went out of business? Would I lose them?”
While this exact phrasing might not have flashed across your mind, the question and the underlying concern might have. But you don’t need to worry. We’ve got the answers and the info you need to settle your nerves.
The short answer: No, not at all. Your coins would still be safe and you can still access them even if Ledger doesn’t exist.
The longer answer requires a little insight into where your coins live and how they’re stored and secured. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
