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Ocean Falls Blockchain Integrates Fireblocks’ Technology for Secure Custody

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Vancouver, British Columbia–(Newsfile Corp. – May 10, 2022) – Ocean Falls Blockchain Corp. (“OFB” or the “Company”) is pleased to announce it has integrated with Fireblocks Inc. (“Fireblocks”), an award-winning crypto-technology provider. Using Fireblocks’ institutional-grade digital asset and custody technology and secure transfer platform (the “Fireblocks Network”), the Company will be able to offer secure asset custody and fund management while tapping into the largest crypto-liquidity network.

Fireblocks serves over 1,200 financial institutions and has been used for the transfer of over US $2 trillion in digital assets through the Fireblocks Network. It also offers a unique insurance policy that covers assets in storage and transit.

“Fireblocks will provide an increased level of security for our transactions, allowing for the safe transfer and storage of digital assets. By integrating their MPC-CMP technology, we will be able to improve our wallet security and custodial capabilities. In addition to offering what we believe is the best crypto-technology available to build our custody solution, Fireblocks’ easy-to-use digital asset platform makes integration quick and easy, saving us time and money,” said Kevin Day, CTO of OFB.

The Fireblocks Network secures digital asset management and transfers, allowing institutions and organizations to self-custody their own assets through a combination of Multi-Party Computation (“MPC-CMP”) and Software Guard Extensions technologies for transaction signing and private key management. Through the Fireblocks Network, institutions can tap into the global crypto markets and instantly send and receive digital assets.

MPC-CMP has become one of the primary technologies that wallet providers and custodians are utilizing to secure crypto assets.

In general terms, MPC-CMP enables multiple parties – each holding their own private data – to evaluate a computation without ever revealing any of the private data held by each party (or any otherwise related secret information).

The two basic properties that a MPC-CMP protocol must ensure are privacy and accuracy.

With an MPC-based wallet, the private information held by the parties cannot be inferred from the execution of the protocol. In addition, from an accuracy perspective, if a number of parties within the group decide to share information or deviate from the instructions during the protocol execution, the MPC will not allow them to force the honest parties to output an incorrect result or leak an honest party’s secret information.

“Multi-sig solutions should be seen as legacy software. It is unable to support the needs of businesses today that need to interact with cryptocurrencies on blockchains other than Bitcoin,” said Fireblocks CEO, Michael Shaulov.

“With a diverse portfolio of assets under management, businesses like Ocean Falls require a multi-layer security solution that’s also protocol agnostic. By integrating with Fireblocks, Ocean Falls has that flexibility in addition to the perks of being able to plug directly into the global crypto-markets.”

About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,200 financial institutions, has secured the transfer of over $2.5 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit. For more information about Fireblocks, visit fireblocks.com.

About Ocean Falls Blockchain Corp.
Ocean Falls Blockchain Corp. is a Canadian blockchain technology company that operates a 2MW-plus, clean energy-powered cryptocurrency mining farm in the historic town of Ocean Falls, B.C. The Company is also creating a new sustainable solution for the captive insurance industry. For more information about OFB, visit oceanfallsblockchain.com.

For further information, please contact:
Oded Orgil
Chief Executive Officer of OFB
[email protected]

Forward-Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements in this news release include, but are not limited to: offering of secure assets custody and management of funds, improvement of wallet security and custodial capabilities and future changes that may be implemented as a result of integration of the Fireblock Network and MPC protocols. These statements are based upon information currently available to OFB’s management. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements may be identified by the use of terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward-looking statements contained in this news release are based on certain factors and assumptions made by management of OFB based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and OFB does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although OFB has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking information. OFB does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123279

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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