MetaMask Rolls Out Blockchain-Based Debit Card | Key Points | Aug. 15, 2024
GM. Welcome back toย BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s feature story: MetaMask’s landmark announcement could pave the way for more DeFi adoption worldwide.
Here are the latest crypto news stories in the last 24 hours.
Table of Contents
Market Analysis and Updates ๐
Here are the crypto highlights of the day:
Crypto Price Update
- Bitcoin (BTC): $58,270.72, down 4.0% over the last 24 hours.
- Ethereum (ETH):ย $2,642.22 down 2.0% over the last 24 hours.
- Solana (SOL): $143.32, down 1.0% vs the previous day.
Trending Coins Update
- Baanx: $0.0718, up 78.7% vs the previous day.
- Toncoin: $6.74, up 4.9% over the last 24 hours.
- Sui: $0.9082, down 4.8% vs the previous day.
For the daily price update, check out our post on Facebook.
Feature News: MetaMask Rolls Out Blockchain-Based Debit Card
MetaMask is rolling out its blockchain-based debit card in collaboration with Mastercard and crypto payments firm Baanx.
- The card, initially available to a few thousand users in the EU and UK, allows for digital-only transactions directly from MetaMask’s self-custodial wallet. (Read more: How to Use MetaMask: A Guide for Filipinos)
Why is this important? Visa and Mastercard news relating to crypto are increasing as of late, highlighting the giant payment networks’ growing acceptance of it.
Additionally, on the MetaMask side, DeFi users, who most probably use MetaMask to access the wider DeFi ecosystem, will finally be able to use their earnings in real world usages like purchases.
- Nauman Mustafa, CFO of Celo said on LinkedIn: “Now, you can spend your crypto on Defi like cash anywhere Mastercard is accepted. This is a big step forward for making crypto more usable in everyday life.”
How will it work: Users can spend cryptocurrencies like USDC, USDT, and wETH held on the Linea blockchain, an Ethereum layer-2 network. Funds remain in the user’s wallet until the moment of payment, providing enhanced security and control.
Key quotes:
- โWe saw a significant opportunity to make purchases for self-custody wallet users easier, more secure, and interoperable,โ said Raj Dhamodharan, Mastercardโs EVP of blockchain and digital assets.
- Simon Jones, Baanxโs CCO, highlighted the cardโs potential to empower the unbanked: โThis would have huge implications in countries with large numbers of unbanked or underbanked individuals.โ
What’s next: A broader rollout is expected later this year, with additional pilot programs planned in other regions.
Philippine Crypto News ๐ต๐ญ
- BitPinas Article: PH web3 communityโs reaction to governments choice of Blockchain for national project.
- Coins.ph stated that it had taken a snapshot of PHPC Holders who are set to receive rewards from the 350,000 $LAT prize pool.
- The Bicol Blockchain Community shared that it is set to host the first-ever Bicol Traders Meet on September 7, 2024ย in Naga City.
Educational Corner ๐
Learn about Gala Music’s new Telegram clicker game Music Miner. Check out the article here.
- The game aims to onboard web2 users into web3 by rewarding players with $MUSIC tokens for listening to music.
Regulation Watch ๐
Stay informed about the latest regulatory updates and what they mean for you:
- Fairshake PAC is committing $12 million to support Republican candidate Bernie Moreno in Ohio’s Senate race.
- Australia’s securities regulator ASIC sued ASX for allegedly making misleading statements about its now-cancelled blockchain project.
- Coinbase’s Lucas Matheson highlighted the need for Canada to overhaul its crypto regulations.
- Turkeyโs Capital Markets Board announced that 47 companies have applied to operate under the countryโs new crypto regulations.
Community Spotlight ๐ฆ
Meet Marso Ya: She is a web3 influencer, freelancer, and artist.
- Marso is known for her unique and vibrant illustrations which often feature playful pastel colors and precise geometric lines.
- She is also active in the crypto community, sharing insights and educational resources. Recently she shared her views about low-cap cryptocurrencies.
Marso is also a frequent guest in the BitPinas webcast, her recent episode appearance was: Pinoy Degens Share Airdrop Tips For Free.
More Web3 and AI News ๐ก
Discover the latest in web3 and AI innovation.
- Blockchain project Essential raised $11 million in Series A funding to develop an “intent-centric, declarative” approach.
- Babylon and Cubist collaborated to enhance the security of Bitcoin staking by integrating CubeSigner.
- Yat Siu of Animoca Brands believes NFTs will outlast memecoins due to their unique value in building web3 reputation, while the company eyes a potential IPO around 2026.
- Hedera partnered with cryptocurrency custodian Copper to expand institutional access to HBAR tokens.
Web3 Gaming Section ๐ฎ
The future of web3 is gaming, and here are the latest news.
- Web3 mobile gaming network READYgg rebranded to PLAY, aims to onboard billions of players to Web3 through its integrated PLAY Hub platform.
- Kokomo Games entered the web3 gaming space with an oversubscribed angel round, backed by notable investors like Steve Aoki and Mike Shinoda.
- Unioverse is launching its new web3 game, Hoverdrome, with a $15,000 USDC and 300,000 $UNIO prize tournament.
- Autoverse Studios raised $8 million for Auto Legends, a Web3 drag-racing game that integrates social and trading elements with a focus on real-life car enthusiast culture.
Event Announcements ๐
Donโt Miss Out: Upcoming events, webinars, and meetups in the crypto space!
- Bitget Crypto Experience Day Philippines: August 17, 2024
- CoinsGG feat. CRETA: August 28, 2024
- Solana Radar Global Hackathon: September 2, 2024
Noteworthy ๐
Key updates and announcements from around the crypto and blockchain world:
- Tokenized asset issuer Backed partnered with El Salvador-based eNor Securities to offer tokenized RWAs to retail investors across Latin America.
- Coinbase teased the upcoming launch of a wrapped bitcoin product named cbBTC.
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- Join our Telegram group for real-time discussions!
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This article is published on BitPinas: MetaMask Rolls Out Blockchain-Based Debit Card | Key Points | Aug. 15, 2024