Ramp partners with MetaMask to streamline access to Web3

Ramp and MetaMask have partnered to bolster Web3 adoption.  The collaboration allows users to convert fiat into crypto from the MetaMask wallet. Ramp , a UK-based fintech startup focused on Web3 growth via payment rails connecting crypto and traditional finance, has sealed a strategic partnership with Consensys’ self-custodial wallet MetaMask. According to details in a press release shared with CoinJournal, the collaboration will see MetaMask directly integrate with Ramp’s on-ramp services, allowing customers to convert fiat into crypto from within their MetaMask wallet. Users can tap into the functionality in both the wallet’s mobile app and Portfolio, unlocking access to decentralised applications (dApps), NFT marketplaces and Web3 gaming among other uses. This partnership between Ramp and MetaMask comes just weeks after payments giant PayPal also announced its on and off ramps solution was now live on MetaMask. Streamlining Web3 access MetaMask, which

FOIA Request Casts Light on SEC’s Cryptocurrency Approach

Empower Oversight is working to enhance accountability within the SEC. They initiated a recent FOIA request regarding the SEC’s approach to cryptocurrencies, including Bitcoin, Ether, and XRP. Empower Oversight focuses on promoting transparency in government actions. Empower Oversight has initiated a noteworthy effort to enhance accountability within the Securities and Exchange Commission (SEC). This act involves a recent Freedom of Information Act (FOIA) request with the goal of shedding light on the serious matter surrounding the SEC’s approach to cryptocurrencies, specifically Bitcoin, Ether, and XRP. Empower Oversight is an organization committed to promoting transparency in government actions. Empower Oversight Presses for Additional Crypto Communications from Clayton SEC Tenure — Empower Oversight (@EMPOWR_us) September 25, 2023 The FOIA request arises in response to statements made by former SEC Chairman Jay Clayton during

Chainlink addresses controversy over multisig wallet signer changes

Chainlink, a decentralized oracle network, has come under scrutiny for altering the security measures of its multi-signature ( multisig ) wallet . Crypto researcher Chris Blec was one of several users on X (formerly known as Twitter) who criticized Chainlink for discreetly lowering the number of necessary signatures on its multi-signature wallet from a 4-of-9 configuration to 4-of-8. The 4-of-8 multisig configuration serves as a security protocol, requiring at least four out of eight signers to approve a transaction. In a Sep. 24 post, Blec highlighted a message from a pseudonymous user revealing that a wallet address had been quietly removed from Chainlink’s multisig wallet without any formal communication from the company. Chainlink multisig has removed a signer and is now a 4-of-8 multisig. This multisig can change *any* Chainlink price feed to provide *any* price that it wants it to provide. Completely centralized under this multisig. — Chris Blec (@Ch

Crypto sees outflows for 6th consecutive week, XRP and SOL gain investor confidence

A Coinshares crypto market flow report reveales that traders are showing more confidence in the likes of XRP and Solana. Crypto investment products registered their sixth consecutive week of outflows in the week ending on Sept. 24. According to data shared by Coinshares, digital asset outflows from crypto investment products reached $9 million last week. Weekly crypto asset flows. Source: CoinShares Bitcoin (BTC) registered a third consecutive week of outflows with the past week's outflows reaching $6 million. Short-bitcoin positions saw outflows of $2.8 million. On the other hand, Ethereum (ETH) registered its sixth consecutive week of outflows with $2.2 million flowing out over the past week. The largest altcoin ETH registered its sixth consecutive week of outflows , other altcoins especially XRP and Solana have gained traders' trust with net in flows of $0.66 million and $0.31 million respectively. The report noted that investors are becoming more discerning in the al

Worldcoin’s World ID uptake surpasses 1% of Chilean population

The digital identity project Worldcoin has garnered significant interest in Chile, with over 200,000 verified users since its launch in July 2023. In a Sept. 24 blog post, Worldcoin announced that more than 200,000 Chileans had signed up for its global identity protocol, World ID. For a country boasting a population of approximately 19.5 million, these figures represent over 1% of the citizens. More than 200K Chileans have now verified their World ID 🫡 — Worldcoin (@worldcoin) September 24, 2023 According to Worldcoin, to cater to its burgeoning demand, new operations have been kick-started in the cities of Vina del Mar and Concepcion via its project contributors, Tools for Humanity (TFH). The surge in Chile aligns with Worldcoin’s escalating global engagement and its continued success in South America. Alex Blania, the Worldcoin co-founder and CEO of TFH, recently praised Chile’s receptiveness to initiatives like Worldcoin during a fireside chat on the

BRICS: De-Dollarization Spreads, Indonesia Looks to Ditch US Dollar

The de-dollarization efforts kick-started early this year are spreading across the globe among developing countries. The BRICS alliance is not the only group of nations that is looking to cut ties with the US dollar. Indonesia is following the BRICS path of de-dollarization and is now looking to ditch the US dollar for global trade. Indonesia ’s President Joko Widodo has directed the creation of a National Task Force to look at avenues to promote their local currency, the Indonesia n Rupiah . Also Read: 2 BRICS Countries To Be Ahead of U.S. GDP in 2075 Indonesia is inspired by BRICS de-dollarization efforts and is finding ways to cut ties with the US dollar. The National Task Force is tasked to widen the use of local currency transactions (LCT) among partner countries. Indonesia ’s Central Bank aims to increase payments in Rupiah for bilateral transactions. Developing countries are going nationalistic with their native economies by putting local currencies ahead of the

Balancer DAO salutes defi response team for aid in $230K UI exploit

Balancer DAO, a decentralized autonomous organization governing the protocol, protocol thanked a team of security experts for their help following a DNS attack on a top level .fi domain registrar employed by Balancer. Balancer DAO called attention to SEAL 911, a Telegram bot built during the Curve Wars that ensued following the Curve Finance exploit . The bot operates as an emergency channel that connects users and protocols to a pool of vetted defi security experts. The Balancer DAO would like to express its heartfelt gratitude to all ecosystem members who acted swiftly and diligently to mitigate the effect of the recent DNS attack. [1/5] — Balancer (@Balancer) September 22, 2023 Balancer DAO also extended thanks to Metamask developers Nikita and Taylor Mohana (Tayvano) for Metamask block-ups deployed to mitigate further attacks. Alone we can do so little, together we can do so much. Through collaboration, the Balancer ecosystem continues to grow str