: MetaMask Staking, $7M DAI Loan, & Crypto Fraud Network Dismantled

Bullet Points
• ConsenSys has launched MetaMask Staking, a new feature for MetaMask users to stake crypto.
• Société Générale has minted a $7 million loan of DAI from MakerDAO.
• Eurojust and Europol have dismantled a crypto fraud network.

Today in crypto news, there have been several major developments. ConsenSys, a major Ethereum (ETH)-focused blockchain company, has announced the launch of MetaMask Staking, a new feature directly incorporated in the MetaMask Portfolio dapp. This new feature increases access to staking by allowing MetaMask users globally to stake crypto (ETH) with leading liquid staking providers, Lido and Rocket Pool. Through the feature, users can compare the rewards rate, network control, and popularity of different liquid staking providers and choose the one they want to stake with.

In other news, Société Générale, a French multinational investment bank and financial services company, has minted $7 million as a loan of DAI from the stablecoin’s issuer MakerDAO on January 12. The vault has a debt ceiling of $30 million, according to data aggregated by MakerBurn. Crypto payments company Wyre has also lifted its depositing freeze and 90% withdrawal limit after receiving financing from a strategic partner.

Finally, Eurojust, the European Union’s cross-border agency for fighting organized crime, has announced that a crypto fraud network operating from Bulgaria, Cyprus, and Serbia has been dismantled through coordinated action with the active support of Eurojust and Europol. The network had been professionally set up to operate call centres, which defrauded numerous victims out of their crypto assets. With the help of Eurojust and Europol, the perpetrators have been arrested and their assets have been confiscated.

Overall, today has been a busy day in the crypto space, with major developments in investment, payments, and legal news. With these developments, the crypto industry continues to grow and evolve, providing greater accessibility to users around the world.