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MetaMask Snaps could change the face of Web3 – giving dApps access to BTC, notifications and more

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MetaMask Snaps could change the face of Web3 – giving dApps access to BTC, notifications and more

MetaMask Snaps could change the face of Web3 – giving dApps access to BTC, notifications and more Liam ‘Akiba’ Wright · 3 hours ago

CryptoSlate sat down with Hassan Malik of MetaMask Snaps in his first ever interview on camera to discuss the future of web3 wallets.

1 min read

Updated: August 2, 2022 at 11:26 pm

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CryptoSlate’s Akiba sat down with Hassan Malik, Senior Software Engineer for MetaMask Snaps, in his first ever interview on camera during EthCC week in Paris. This exclusive interview explains some of the features that will be available in Metamask Snaps.

More details on MetaMask Snaps can be found on the Metamask website.

“Snaps is a system that allows anyone to safely expand the capabilities of MetaMask. A “snap” is a program that we run in an isolated environment that can customize the wallet experience.”

Essentially, a “snap” is a sandbox environment allowing dApps to access a MetaMask API to call previously unavailable methods creating a “fully virtualizable execution environment.”

MetaMask Snaps are currently only available in a testing environment but are scheduled to go live later this year. Malik told CryptoSlate that developers have already built “snaps” to allow dApps to connect to Bitcoin, Solana, and Filecoin. Any dApp can utilize a “snap” once deployed, meaning EVM-compatible dApps can access the Bitcoin network through the enabled “snap.”

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Coinbase

Netskope Discovers Hackers Are Using Google Sites And Microsoft Azure To Steal Crypto

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Netskope Discovers Hackers Are Using Google Sites And Microsoft Azure To Steal Crypto

Attackers are taking advantage of certain SEO techniques to direct users to phishing sites for wallet apps like Metamask and exchanges such as Coinbase and Kraken. These sites, created in Google Sites and Microsoft Azure, fool users into introducing their personal information, allowing malevolent entities to siphon their funds from these services, according to Netskope.

Cryptocurrency Phishing Scheme Uses SEO, Google Sites, and Microsoft Azure, According to Netskope

A new kind of cryptocurrency phishing scam scheme has been detected by Netskope, an online security company, that involves SEO techniques and copycat pages. According to a report from the company, throughout 2022, it has been detected that attackers are using blogs as tools to distribute links to phishing sites.

In these blogs, the attackers post links with SEO content that allows them to rank high in search engine queries. This means that the links will be reviewed by many people, which can then open them to believing these are linking to real crypto sites. However, the links are directing the users to phishing sites that are very similar to crypto-based sites, such as the website for Metamask.

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Other sites also mimic exchanges such as Coinbase, Gemini, and Kraken.

Phishing Mechanism

These phishing sites, which are hosted either on Google Sites or use Microsoft Azure, are designed to fool the users and take their personal information in two different ways. The first one has to do with acquiring the private seeds of the wallets of the users directly by prompting them to import this data. This is the method that the Metamask phishing site is currently using.

The second one has to do with obtaining the info of the users’ accounts in any of the exchanges being phished. When the users input their info, the sites return an error and prompt them to contact a support operator that will try to obtain more info about the users to successfully acquire their funds.

Netskope stated:

Netskope strongly recommends users never enter credentials after clicking on a link. Instead, always navigate directly to the site you are trying to log in to. For organizations, we also recommend using a secure web gateway, capable of detecting and blocking phishing in real-time.

Phishing scams are not new in the cryptocurrency world. Binance detected and warned about a massive phishing scam involving SMS in February.

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What do you think about the new phishing scheme involving SEO, Google Sites, and Microsoft Azure-hosted webpages? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Adam Mosseri

Meta Expands Instagram’s NFT Rollout To 100 Countries — Platform Connects With Third Party Web3 Wallets

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Meta Expands Instagram’s NFT Rollout To 100 Countries — Platform Connects With Third Party Web3 Wallets

In a blog post called “Introducing Digital Collectibles to Showcase NFTs on Instagram,” the parent company of Facebook, Meta, announced the company has started an “international expansion to 100 countries.” The company also revealed integrations with specific Web3 wallets that support the Ethereum, Polygon, and Flow blockchains.

Instagram’s NFT Support Will Connect With Third Party Web3 Wallets and Support 3 Blockchains

  • Meta has announced that the digital collectibles feature hosted on Instagram will see a rollout in 100 countries, according to a blog post that was updated on August 4. Meta detailed that the rollout begins in countries like “Africa, Asia-Pacific, the Middle East, and the Americas.”
  • “Additionally, we now support wallet connections with the Coinbase Wallet and Dapper, as well as the ability to post digital collectibles minted on the Flow blockchain,” Meta’s blog post adds.
Meta’s “Introducing Digital Collectibles to Showcase NFTs on Instagram” was originally published on May 10, 2022, but the blog post was updated on August 4, 2022, at 7:00 a.m. (PT).
  • The news follows Meta delivering subpar quarterly earnings for Q2 2022 and the company’s metaverse unit losing money. Furthermore, on July 30, Ethereum’s co-founder criticized corporate metaverse attempts and added “anything Facebook creates now will misfire.”
  • Meta said on Thursday, that as far as Instagram’s non-fungible token (NFT) rollout, “no fees associated with posting or sharing a digital collectible on Instagram.” The company also detailed that it supports third-party wallet connections with wallets such as Metamask, Rainbow, Coinbase Wallet, Dapper Wallet, and Trust Wallet.
  • “The feature includes connecting a digital wallet, sharing digital collectibles, and automatically tagging the creator and collector,” Meta’s blog post summarizes.
  • Meta introducing NFTs to Instagram follows the CEO of Instagram, Adam Mosseri, mentioning that the social media application would implement the technology last year. Then in mid-March 2022, Meta CEO Mark Zuckerberg said Instagram was bringing NFTs to the platform in the “near term.”
  • Instagram was founded in 2010 by Mike Krieger and Kevin Systrom and it was acquired by Meta Platforms formally known as Facebook Inc. in 2012 in a $1 billion cash and stock deal.
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Adam Mosseri, Coinbase Wallet, Dapper Wallet, Ethereum, Flow, Instagram, Instagram NFT, Instagram NFTs, Mark Zuckerberg, Meta, metamask, Metaverse, nft, NFT technology, NFTs, Non-fungible Token, Polygon, Rainbow, SXSW, trust wallet, Zuckerberg Instagram

What do you think about Meta expanding Instagram’s NFT rollout to 100 countries? Let us know your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Consensys To Tokenize Smart Contract And Blockchain Audits Via TURN Token Launch

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Consensys To Tokenize Smart Contract And Blockchain Audits Via TURN Token Launch

The Ethereum-centric and decentralized protocols software firm Consensys has announced the launch of TURN token, or “Time-Unit Representative NFTs.” Consensys details that TURN tokens will create a new market for tokenized security auditing via Consensys Diligence, the firm’s smart contract audit service.

Consensys Diligence to Launch TURN Tokens in Mid-August

From August 15th to the 19th, Consensys disclosed a token sale will take place that will feature the company’s TURN token, which stands for “Time-Unit Representative NFTs.” The company’s smart contract audit service Consensys Diligence essentially will be tokenized and have its own price discovery phase via the open market.

“TURN is the first token of its kind to quantify the immense value of smart contract and blockchain security audits,” Gonçalo Sá, the co-founder of Diligence said in a statement on Tuesday. “With the TURN token, we’re tokenizing labor and helping deliver on the vision for a more secure Web3 that advances the free market economy on the blockchain.”

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The upcoming auction will showcase a group of eight TURN tokens, which are ERC721-compatible and they represent “40 hours of time in which an audit can be provided.” Following the sale, TURN assets can be sold on secondary markets similar to other types of NFTs, but TURN’s value is based on the “timeboxed” 40 hours of time.

The Ethereum incubator Consensys recently raised $450 million in mid-March and bumped its valuation to $7 billion. Consensys’s suite of products serves millions of Ethereum users as it manages Metamask, Mycrypto, Infura, Quorum, Truffle, Diligence, and more. Sá believes TURN tokens will be beneficial to the smart contract and blockchain auditing industry.

“TURN allows customers to purchase an audit without waiting in a massive queue for 6 to 9 months. This is the first step in solving the bottleneck with auditing in our ecosystem,” Sá remarked.

TURN tokens will have a very niche purpose for those who require audit services and Consensys thinks the assets will allow for “optimal price discovery of service engagements and scheduling processes.” In the world of decentralized finance (defi), auditing code can help avoid costly errors found in faulty code.

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What do you think about Consensys Diligence launching TURN tokens in order to tokenize the smart contract auditing process? Let us know your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, Consensys Diligence’s TURN Token website

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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