Should Beijing look at its crypto ban? A former bank member believes so
A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.
MetaMask has labelled 333Eth a scam and blocked the app on the extension.
According to a Ethereum decentralized app (DApp) extension has blacklisted 333Eth, which stands as the most popular DApp for Ethereum at the time of writing.
MetaMask has banned the DApp, despite its “number one rank” on DAppRadar, calling it “an active scam”. The platform addressed the issue in a tweet, calling out the fact that it was not truly the most popular app:
This site was never the most used Dapp, and it was actively phishing people. We will be adding the ability to skip our block page, we don’t mean to tell people what they can visit, but this site is an active scam.
— MetaMask (@metamask_io) September 27, 2018
When users attempt to reach the DApp’s website through MetaMask, they are faced with a message which points to a potential security compromise.
333ETH claims to provide a “security of contributions and life-long payments guaranteed by the Ethereum blockchain.” Despite the claim, however, the web platform thinks differently.
Users have questioned the decision by MetaMask, saying that it could be a monopoly on web browser of Ethereum activity to promote censorship, the company responded:
“We have no intention of promoting censorship, just keeping users safe. We’ll re-ignite this discussion within the team.”
A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.
Owing to the lack of regulation and restriction in the United Kingdom, fraudulent companies have been flocking to the country.
United States senators have requested information from Silvergate Capital regarding the firm's association with FTX.
The adoption rate of cryptocurrency in Nigeria hits new highs and the price of Bitcoin has hit a more than 60% premium.