ConsenSys Will Collect User’s IP and ETH Wallet Address Data Via MetaMask - MetaMask parent company ConsenSys updated its privacy policy in which it collects more data from Ethereum transactions.

    Following Uniswap, ConsenSys, on Nov 23, announced an update to its privacy policy: When users use Infura as default RPC provider in MetaMask, Infura will collect their IP address and Ethereum wallet address when they send a transaction.

    Infura is basically seen as the “heart” of the Ethereum ecosystem, a key infrastructure on the Ethereum blockchain. Infura provides tools and infrastructure that allows developers to easily take their blockchain app from testing to scaled deployment with simple, reliable access to Ethereum and IPFS. However, if users switch to a different RPC on MetaMask, neither Infura nor MetaMask will collect their IP address or Ethereum wallet address.

    ConsenSys said that collecting users’ information is necessary and appropriate to comply with current regulations, including Anti-money Laundering (AML) and Know Your Customer (KYC). ConsenSys also aims to use personal information to inform about promotions, events and other updates about products and services.

    While the crypto market crash due to the collapse of FTX, DeFi and wallets seem to be the two sectors that gain the most profit.  If the weekly trading volume on DEXs reached $32 billion last week, the rest of November is probably the playground of wallet tokens. At the time of writing, some prominent wallet tokens like SafePal (SFP) or Trust Wallet Token (TWT) have increased slightly despite Bitcoin (BTC) still showing many negative signs.

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