Blockchain
Polytrade Set to Launch Mainnet on Polygon
Everything about the major update
Dubai, United Arab Emirates–(Newsfile Corp. – January 7, 2022) – After successfully launching
Figure 1: Polytrade Set to launch Mainnet on Polygon Everything about the major update
Testnet!
Since its conceptualization almost a year ago in the first quarter of 2021, Polytrade has quietly but consistently hit milestone after milestone. The month of October saw some crucial highs with the Chainlink partnership announcement and MVP unveiled at the World Blockchain Summit 2021 in Dubai on 13-14 October 2021.
The community continues to explode!
In November, Polytrade saw a series of successful listings, including Kucoin, and witnessed good momentum in the community and trading volume. Polytrade did a series of marketing campaigns with MEXC, BitMart – all of which were very successful. Catering to its Indian community, Polytrade got listed on one of the most popular cryptocurrency exchange, CoinDCX, which serves over 7.5 million users in the first quarter of 2022.
Stepping into the Metaverse and identifying problems!
Following the listings in November, Polytrade announced Polytrade Meta, which seeks to pre-empt and solve problems in enterprise-to-enterprise transactions and enable a truly decentralised version of the metaverse.
Collaborating with Polygon!
The co-founder of Polygon, Mr. Sandeep Nailwal is an early investor in the project and has been quite bullish on Polytrade in general. Infact, it was Founder of Polytrade and IIT Bombay Alumni Piyush Gupta and Polygon Cofounder Sandeep who identified the opportunity in the Metaverse space for enterprise-to-enterprise transactions during their meetup at World Blockchain. With that, Polygon was onboarded as the first customer for Polytrade Meta.
Stay tuned to Polytrade’s official channels for the latest partnerships, launches, and updates. The team would also like to thank the community and partners for displaying faith in the vision and their endless support. Polytrade has come a long way from Minimum Viable Product to Mainnet launch, and the journey has just begun!
Website || Medium || Twitter || Telegram || Linkedin || Instagram
Media Contacts:
Name: Ashutosh Sahoo
Official Email: [email protected]
Company: Polytrade
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109366
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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