News Tech: Ethereum Software Firm ConsenSys Reveals it Collects User Data The firm said when using Infura as an RPC on MetaMask, a user's IP address and wallet address information would also be collected.

One of the firms behind the Ethereum merge, ConsenSys, said on Thursday that it also collects user data related to its on-chain wallet service MetaMask. The revelation comes days after decentralized crypto exchange (DEX) Uniswap made a similar update to its privacy policy, as reported. ConsenSys said that it collects some data related to user identification, such as contact details, profile information along with some other user data. The firm added that when using Infura, which is the default remote procedure call (RPC) provider, on digital wallet MetaMask, Infura will collect the user's IP address and Ethereum wallet address for transactions. RPC is a protocol for requesting data and information from a program running on a third-party computer server. If a user switches to a different RPC on MetaMask the financial data will not be collected. Blockchain tool developer Infura and the digital wallet MetaMask are both products that are offered by ConsenSys. Meanwhile, Crypto Twitter community members expressed displeasure at the move, which some felt invaded a user's privacy -- one of the core ethos of the crypto space. By Parikshit Mishra, Nov 24, 2022, https://www.coindesk.com/tech/2022/11/24/ethereum-software-firm-consensys-reveals-it-collects-user-data/

vya4slav's Recent Blog Posts

Chinese police have arrested 63 people in a massive case that laundered 12 billion yuan ($1.7 billion) for both domestic and foreign criminal groups using cryptocurrency, according to a statement…
1 year ago
Cryptocurrency payments app MoonPay secured registration with the U.K.'s Financial Conduct Authority (FCA), signifying compliance with local money laundering rules. The company, which…
1 year ago
In a Sunday appearance on NBC's "Meet the Press," Montana farmer and teacher turned U.S. Senator Jon Tester told host Chuck Todd that cryptocurrency has "not been able to pass the…
1 year ago
This week, David Solomon (DJ D-Sol if we’re using stage names), chairman and CEO of investment bank Goldman Sachs, proved he’s stuck in the past with a Wall Street Journal opinion piece he penned…
1 year ago
European Parliament Vice President Eva Kaili, a key figure in ongoing efforts to regulate crypto in Europe, has been suspended from her party in reaction to reports that she and others are allegedly…
1 year ago