In general, it is worth noting the following news:
Consensys acquires Wallet Guard to enhance MetaMask wallet security
Since the beginning of the year, the MetaMask wallet has undergone several updates aimed at improving user security. This includes a security module that analyzes transactions before they are signed. Consensys, the company behind the wallet, now aims to further enhance security through the acquisition of Wallet Guard.
Consensys announced the purchase of Wallet Guard on July 3rd. Wallet Guard is a browser extension specializing in security, utilizing various methods to identify scams and wallet drainers before users interact with them. This extension can simulate and display the result of a transaction before it is signed, helping to prevent errors that could lead to a hacker siphoning off the wallet. It also alerts users when they visit phishing sites. Consensys plans to integrate these features into MetaMask, aiming to provide superior real-time protection against malicious dapps and scams while preserving privacy and personal sovereignty.
Kraken Considers Going Nuclear As Energy Demand Rises
Kraken, a major trading platform, is considering using nuclear energy to power its data centers due to the rising energy demand in the crypto industry. Bitcoin alone consumes 150 terawatt-hours of electricity annually, more than the entire country of Argentina. With the rise of DeFi and increased institutional activity in the crypto asset class, Kraken aims to ensure a reliable energy supply by potentially partnering with nuclear energy providers using small modular reactors (SMRs).
These SMRs can be co-located with data centers, providing a consistent energy supply without space or weather constraints. This move would allow Kraken to operate continuously, even during major local energy disruptions, ensuring round-the-clock services for its global clients. While alternatives like wind and solar are considered, they are less reliable than nuclear power. Kraken’s decision to go nuclear remains under strong consideration.
Bitcoin Wallet Awakens After 12 Years and Transfers $6.9 Million
On July 4th, on-chain analysts discovered a Bitcoin wallet that had been dormant for over 12 years. The wallet transferred 119 BTC, worth $6.9 million, to a new address. Back in 2012, this amount of assets was valued at $600.
The owner of the address appears to be consolidating assets into a new account. The first transaction moved 76 BTC, followed by a second transfer of 43 BTC. The value of Bitcoin in this wallet has increased 11,500 times over the past 12 years. The reason for the transfer and the identity of the wallet owner remain unknown. Similar cases have been noted, with long-dormant addresses becoming active and moving large amounts of Bitcoin.