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Consensys Acquires Wallet Guard to Enhance MetaMask Security
Consensys announced the acquisition of Wallet Guard, a leading, user-centric browser extension, security dashboard, and security engine that protects users’ wallets, digital assets and data from theft, scams, and fraud.
December 24, 2024
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Consensys announced the acquisition of Wallet Guard, a leading, user-centric browser extension, security dashboard, and security engine that protects users’ wallets, digital assets and data from theft, scams, and fraud. Through this acquisition, Consensys intends to integrate Wallet Guard’s capabilities to further bolster MetaMask, the world’s leading self-custodial crypto wallet, with state-of-the-art security features ensuring users receive the utmost protection in web3.

Despite the industry’s commitment to safeguarding users, hacks and scams still persist in web3. According to the 2024 Crime Report by Chainalysis, over $1.7 billion worth of crypto was stolen from users through scams alone in 2023, following $3.7 billion in 2022 and over $3 billion in 2021. As web3 continues to gain adoption, the prevalence of scams poses a significant threat to users and new entrants. The acquisition of Wallet Guard marks a significant advancement for Consensys in our commitment to safeguarding our users against ever-evolving threats and building a robust ecosystem that welcomes the next generation of users.

“Wallet Guard has quickly become a premier security tool with advanced capabilities and constant innovation that strategically aligns with Consensys' goal of putting user safety at the forefront. We're excited to welcome them to our team”, said Joe Lubin, co-founder of Ethereum and CEO & Founder of Consensys.

 

"Their innovative security solutions will be instrumental in our mission to create a safer and more secure environment to continuously pave the way for the industry's mass adoption. This integration means a significant step in the right direction".

 

“MetaMask is unique among wallets in providing not only strong default security features, but also security-enhancing plugins through our Snaps extensibility platform, combining to make MetaMask the leading choice for securely building and using all of web3. With their best-in-class security engine and talented team, Wallet Guard will enhance and accelerate MetaMask’s security roadmap and market position, as well as complementing well our ongoing collaborations with web3 security partners,”  said Patrick Berarducci, MetaMask & Infura Business Group Lead at Consensys. 

This integration will enhance MetaMask’s security by improving scam and drainer detection through transaction validation and client-side heuristics, thereby providing users with superior real-time protection against malicious dapps and scams while preserving privacy and self-sovereignty.

The team will join Consensys within the MetaMask Team, leveraging their expertise to build multiple layers of protection that make it harder for scammers and hackers to target MetaMask users and prevent hacks and scams before they occur. Additionally, MetaMask will continue to collaborate with its security partners to ensure comprehensive coverage of all threat vectors.

We're thrilled at the opportunity to bring our knowledge and commitment to end-user security to millions of MetaMask users worldwide!”, said Ohm Shah, Co-Founder & Co-CEO of Wallet Guard. 

 

“Advancements in security, fraud and scam prevention are essential for the mass adoption of web3, and we’re proud to be joining a company that is equally committed to ensuring the best and safest experience imaginable.”

“User experience and safety is our top priority. It’s more important than ever to keep web3 users safe from scammers and we’re excited to bring our innovative cybersecurity solutions to MetaMask”, added Martin Peko, Co-Founder & Co-CEO of Wallet Guard.

Consensys' acquisition of Wallet Guard follows its strategic move in acquiring Special Mechanisms Group (SMG) eight months prior, enhancing its offerings for web3 users, builders, and businesses. Building on previous successful acquisitions, including HAL in 2023 and MyCrypto in 2022, Consensys continues to consolidate and strengthen its position in the web3 and blockchain industry.

During this process, Consensys was represented by Brendan Dignan at the law firm of Baker Botts.

Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platformInfuraLineaDiligence, and ourNFT toolkit Phosphor, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

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XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
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XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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