• The R Roundup
  • Posts
  • Uniswap Wallet Integrates Fiat On-Ramp 🦄 - Issue #148

Uniswap Wallet Integrates Fiat On-Ramp 🦄 - Issue #148

Issue #148: Web 3 News Headlines Of The Week📆

Uniswap Labs partners with Transak to enable direct fiat-to-crypto purchases within the Uniswap Wallet.

This week, Uniswap Labs announced a partnership with Transak to integrate fiat on-ramp services into the Uniswap Wallet. This collaboration lets users purchase cryptocurrencies directly with fiat, such as USD or EUR, within the wallet. The move aims to simplify the entry point into decentralized finance (DeFi) for users, eliminating the need to transfer funds from centralized exchanges.

The Uniswap Wallet, known for its self-custodial nature and direct access to the Uniswap protocol, now offers users from over 160 countries various payment methods, including Apple Pay, Google Pay, and credit/debit cards. This development aligns with Uniswap Labs' goal to make DeFi more accessible to everyone. The partnership with Transak could attract new users to the DeFi ecosystem by streamlining the crypto purchasing process, fostering broader adoption.

Bittensor Halts Network After Security Breach🔓

Bittensor developers suspend blockchain operations following a suspected security exploit involving multiple wallet thefts.

Bittensor developers temporarily suspended their blockchain network this week following a suspected security breach targeting multiple wallets. The unusual activity, first reported by on-chain analyst ZachXBT, prompted the developers to halt all transactions to investigate potential private key leaks. The Bittensor block explorer confirmed the last block was processed several hours ago.

A community administrator on Discord stated that the halt is a precautionary measure to prevent further unauthorized access while the team examines the incident. Preliminary reports indicate that approximately $8 million worth of TAO tokens were stolen, causing a 15% drop in the token's value. As the investigation continues, the TAO Foundation has yet to release a detailed statement on the breach.

Consensys Acquires Wallet Guard to Secure MetaMask🦊

Consensys acquires Wallet Guard to enhance MetaMask's security against scams and fraud.

Consensys has acquired Wallet Guard, a crypto security app, to enhance the security features of its popular MetaMask wallet. Wallet Guard, known for its browser extension that detects scams and wallet drainers in real time, will be integrated into MetaMask to provide users with enhanced protection against malicious activities.

This acquisition is part of Consensys' ongoing efforts to improve security for MetaMask users, following the integration of Blockaid security alerts earlier this year. The entire Wallet Guard team will join Consensys, contributing to the MetaMask product safety department. With over 30 million monthly active users, MetaMask's enhanced security measures aim to prevent substantial crypto asset thefts, facilitating safer adoption of web3 technologies.

Stop Missing Crypto News Anon 🚨👋

We know the market is starting to look even more interesting than ever, however…DON’T IGNORE THE NEWS📰

Get your FREE fix of frequent accurate, user-focused & rapid news from RR 👇

Mt Gox Begins Creditor Repayments🍊

Mt Gox starts repaying creditors in bitcoin and bitcoin cash, impacting the broader crypto market.

Mt Gox, the defunct crypto exchange, has initiated repayments to creditors in bitcoin and bitcoin cash as of July 5. The rehabilitation trustee announced that repayments are being processed through designated crypto exchanges, following the rehabilitation plan's guidelines. Eligible creditors will receive payments promptly, provided they meet specific conditions.

Earlier today, Mt Gox moved significant amounts of bitcoin, including 47,228.7 BTC, valued at approximately $2.71 billion, to various wallets. This activity has influenced the broader crypto market, with Bitcoin's price dropping below $57,000 amid heavy selling pressure. As the repayments continue, the market remains volatile, reflecting the impact of Mt Gox's substantial asset movements.

A Week At RR🗓️

Check out this week’s content published to stay up to date with the latest research trends & crypto talking points👇

RR Files🗂️ 

Wondering what we are reading this week at RR?

Worry no further!

Thanks for reading!❤️

Don't forget to check out last week's issue for more insightful content👇

Reply

or to participate.