CoinDesk

MetaMask, the popular Ethereum wallet, has announced plans for a significant overhaul of its underlying architecture. This initial step is part of a broader roadmap aimed at enhancing the wallet's functionality and user experience. While specific details are yet to be disclosed, the development signals MetaMask's commitment to staying at the forefront of the rapidly evolving blockchain ecosystem.

A major cryptocurrency trading platform has announced that it will no longer support tokens that were named in recent lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase. This decision comes as regulatory scrutiny intensifies in the cryptocurrency industry, with the SEC taking enforcement actions against several prominent players for allegedly violating securities laws.

Justine Bone, a renowned cybersecurity researcher whose work exposed vulnerabilities in pacemakers leading to the recall of 500,000 devices, has been appointed to lead the new information-sharing and analysis center for cryptocurrency firms. The center aims to enhance cybersecurity measures and facilitate the exchange of threat intelligence within the crypto industry.

According to predictions on the prediction market platform Polymarket, former President Donald Trump is facing a likely conviction. Additionally, the Commodity Futures Trading Commission (CFTC) is set to hold a hearing to discuss a potential ban on political betting markets.

On Friday, an Australian Federal Court largely ruled in favor of the country's markets regulator in its case against BPS Financial Pty Ltd (BPS) regarding its Qoin scheme. The court's decision represents a significant development in the legal battle surrounding the controversial digital currency project.

According to a report by Bloomberg, new findings from Visa and data platform Allium Labs reveal that less than 10% of stablecoin transaction volumes originate from organic sources or real people. The study highlights the predominance of inorganic activity in the stablecoin market.

Daniel Schatt, a co-founder and former CEO of Cred, along with Joseph Podulka, the company's former CFO, and James Alexander, the former chief capital officer, have been indicted by the U.S. Attorney's Office in the Northern District of California. The indictment comes after allegations of misconduct within the cryptocurrency lending platform.

Alexander Vinnick, a Russian national who was one of the operators of the cryptocurrency exchange BTC-e, has pleaded guilty to conspiracy to commit money laundering. Vinnick's role with the now-defunct exchange facilitated the laundering of funds from various criminal activities.

Ivan Soto-Wright, co-founder and CEO of MoonPay, a cryptocurrency payment infrastructure company, appeared on CDTV's 'First Mover' program to discuss MoonPay's recent partnership with PayPal. The partnership aims to facilitate cryptocurrency transactions for PayPal's customers.

The U.S. dollar has long been the dominant global currency, serving as a de facto world currency. However, there is an ongoing debate about whether this should continue or if alternatives should be explored. Proponents argue that the dollar's widespread use facilitates international trade and investment, while critics raise concerns about the potential risks of relying too heavily on a single national currency. As the global economic landscape evolves, policymakers and financial experts will need to carefully consider the implications of maintaining or changing the current system.