MetaMask Wallet Enables Apple Pay One-Click Feature
Banxa, a financial technology platform, has announced that Apple Pay one-click is now available for MetaMask wallet iPhone users worldwide. This new feature allows users to connect their fiat currency to their wallets and easily purchase cryptocurrencies on MetaMask. CEO of Banxa, Holger Arians, stated that this integration is a significant step towards making crypto more seamlessly embedded in the user experience.
PayPal Introduces Cryptocurrencies Hub
Payments giant PayPal has updated its terms and conditions to introduce the Cryptocurrencies Hub feature. This new feature allows users to hold and interact with bitcoin and other cryptocurrencies directly in their PayPal accounts. Users will be able to buy, sell, receive, and send crypto assets, as well as convert between different cryptocurrencies and fiat currencies.
Coinbase Expands Offerings in Canada
Coinbase, a leading cryptocurrency exchange, has expanded its offerings in Canada. Through its partnership with Peoples Trust Company, Coinbase now provides access to the funds transfer service Interac e-Transfers to its Canadian users. Additionally, Canadian users gain access to membership with Coinbase One, which offers benefits such as zero trading fees, boosted staking rewards, and priority support.
Coinbase Addresses Concerns about Centralization of Base
Jesse Pollak, Coinbase protocols lead, responded to concerns about the centralization of Base, the exchange’s Layer 2 blockchain. Pollak argued that Base is a permissionless network and that Coinbase does not have full control over it. However, he acknowledged that the current system’s upgradability and challenging authorizations are still permissioned.
UK Financial Regulator Grants Permits to Only 13% of Crypto Companies
Out of 291 crypto companies that have applied for registration with the UK Financial Conduct Authority (FCA) since January 2020, only 13% have successfully obtained a permit to operate in the country. The FCA confirmed 38 applicants, while 155 applications were withdrawn by the companies themselves. The FCA has refused five applications and rejected 22 others based on non-compliance with regulations.
Uniswap Fires Employee After Alleged Rug Pull
Decentralized exchange Uniswap fired an employee after what some called a rug pull incident. Founder Hayden Adams stated that the behavior is not supported or condoned by the company. This response came after claims that the memecoin FrensTech had been deployed and effectively rugged by developer AzFlin.
Zunami Protocol’s Liquidity Pool Attacked on Curve Finance
Decentralized finance platform Zunami Protocol confirmed that its liquidity pool on Curve Finance was attacked. The hack resulted in the theft of over $2.12 million worth of ETH. The team assured users that the collateral is secure but advised against buying zETH and UZD due to the ongoing attack.
Libertarian Candidate Wins Primary Presidential Election in Argentina
Javier Milei, a libertarian candidate who has shown support for bitcoin and advocated for the abolition of Argentina’s central bank, won the primary presidential election in Argentina. With 90% of ballots counted, Milei received 30.5% of the vote, surpassing predictions. The general presidential election will take place on October 22, with a potential run-off election in November if no candidate reaches the minimum required votes.
Hot Take:
The integration of Apple Pay one-click with MetaMask wallet provides an easier way for users to purchase cryptocurrencies, further enhancing the accessibility of crypto. PayPal’s introduction of the Cryptocurrencies Hub demonstrates its commitment to enabling users to interact with and use cryptocurrencies within their platform. Coinbase’s expansion in Canada and its response to concerns about the centralization of Base show its dedication to providing a seamless and decentralized cryptocurrency experience. The low percentage of crypto companies obtaining permits from the UK Financial Conduct Authority highlights the challenges faced in the regulatory landscape. The recent incidents of rug pulls and hacking serve as a reminder of the security risks in the decentralized finance space. Milei’s victory in the primary presidential election in Argentina reflects the growing interest in libertarian ideals and decentralized currencies.
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