Blockchain
Orbs Expands to Fantom to Enhance L3 DeFi Capabilities
Orbs continues to push the boundaries of multi-chain interoperability as part of its Orbs 3.0 roadmap. The next step in the ecosystem expansion involves the Fantom blockchain, a growing force in the decentralized finance industry.
Tel Aviv, Israel–(Newsfile Corp. – March 8, 2022) – The Orbs vision is to create broader interoperability between different blockchains and ecosystems. Following its integration with leading Layer-1 and Layer-2 chains – including Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Harmony – the Orbs ecosystem has now expanded to several dozen of the top DeFi platforms and protocols.
As the DeFi industry grows and evolves, the Orbs team looks for new and exciting opportunities. One such opportunity comes through integrating with Fantom, an up-and-coming blockchain in decentralized finance. Fantom offers high speed and throughput combined with smart contract functionality, overcoming limitations holding back blockchains that came before it.
The year 2021 has been exciting for Fantom, as the EVM-compatible environment now has over 100 DApps deployed on the network and the FTM token notes strong momentum in the market cap department.
Moreover, it is the fifth-largest blockchain by DeFi TVL, sitting at over $7.5 billion. Additionally, Fantom has become an ecosystem for existing DeFi protocols to branch out to, including projects like Multichain, Curve, Beefy Binance, and others. The combination of new projects and gaining support from established protocols confirm Fantom’s momentum continues to grow.
Similar growth is present for Orbs, as the excitement surrounding the PoS V3 upgrade continues to build. The major protocol upgrade features multi-chain staking on Ethereum and Polygon, which is a game-changer. Additionally, more Layer-3 applications powered by Orbs have come to market, including the recently launched Open DeFi Notification Protocol and vault aggregator Revault Network.
The expansion of Orbs into the Fantom ecosystem strengthens the ORBS token status as a multi-chain asset integrated into all significant blockchains. Moreover, it paves the way for broader collaborative opportunities with top Fantom-native decentralized finance protocols aiming to leverage Orbs’ L3 capabilities.
About Orbs
Orbs is a public blockchain infrastructure designed for mass usage applications. The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus.
Orbs unique features designed for interoperability with EVM-compatible blockchains, together with its decentralized network of nodes, allow it to be set up as a separate execution layer (“L3”) operating to enhance the capabilities of EVM smart contracts. By working in conjunction with other L1 and L2 solutions as part of a tiered blockchain stack, Orbs opens up a whole new spectrum of possibilities for DeFi, NFT, Metaverse and GameFi.
Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 30 people, with offices in Tel Aviv, London, Singapore, Tokyo and Seoul.
For more information, please visit www.orbs.com, or join our community at:
- Telegram: https://t.me/OrbsNetwork
- Twitter: https://twitter.com/orbs_network
Contact
Ran Hammer
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115965
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
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
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
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.
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