Blockchain
Dr. Cindy Vestergaard is RKVST’s new vice president special projects and external relations
Nuclear sector and global security blockchain expert joins leader in trustworthy digital archives and supply chain integrity, transparency and trust
SANTA CLARA, Calif., and CAMBRIDGE, U.K. – February 16, 2023 – RKVST™ is thrilled to announce the appointment of Dr. Cindy Vestergaard as vice president special projects and external relations.
Cindy’s extensive experience with blockchain and distributed ledger technology (DLT) across global supply chains, including reconciling dual-use chemicals, tracing arms transfers and tracking nuclear material across the nuclear fuel cycle (from mining to disposal), are a great fit with RKVST’s expanding opportunities with commercial businesses and government agencies.
In her new role, Cindy will work closely with customers and partners in building blockchain-powered data integrity, transparency and trust into existing supply chains utilising the RKVST platform. The RKVST platform is available to all businesses today starting with a free forever service that easily connects with existing data archives, on premises or in the cloud, enabling partners and customers to instantly verify assets and data are safe to use and fit for purpose.
Rusty Cumpston, CEO, RKVST, said:
“I’m very excited that Cindy is now part of the RKVST team. Cindy is exceptionally talented, and her unique experience navigating the secure and safety-conscious supply chains for nuclear and other high-value assets is incredibly well aligned with many of our customer pursuits. Her extensive knowledge of real-life applications of blockchain technology in the nuclear sector will benefit our customers. Cindy is a great addition to RKVST’s innovative, growing team, and I look forward to working with her during this next stage of the company’s growth.”
Dr. Cindy Vestergaard, vice president special projects and external relations, RKVST, said:
“I’m excited to join the RKVST team and empower organisations to achieve real value from their digital archives. Many struggle with tedious sleuthing of documents and data, wasting time and resources in what is seen as an incomplete and inadequate digital transformation. I look forward to assisting organisations to deploy blockchain to enhance transparency, security and reporting in the nuclear and other regulated sectors, where data provenance and integrity are paramount.”
Cindy is a non-resident fellow with the Nuclear Safeguards and Blockchain in Practice Programs at the Stimson Center, previously serving as director and senior fellow. Prior to Stimson, she worked as a senior researcher at the Danish Institute for International Studies (DIIS) and in various positions at Canada’s foreign ministry, including senior policy advisor. Cindy has a BA in International Relations from the University of British Columbia, MA in International Relations and European Studies from Central European University (Budapest, Hungary) and a Ph.D. in Political Science from the University of Copenhagen.
More information:
Read more about Dr. Cindy Vestergaard
Read the Sellafield case study
About RKVST
RKVST enables organisations to build trustworthy digital supply chains. Whether you’re tracking nuclear material, relying on data from connected devices or eliminating supply chain disputes, RKVST evidence ledgers eliminate the frustration, time wasting and uncertainty of manual data verification. The RKVST platform allows supply chain partners to track and share evidence about assets and data and instantly verify they are safe to use and fit for purpose. Underpinned by blockchain technology, RKVST integrates easily with existing software and secure data storage systems enabling the integrity, transparency and trust every supply chain needs to move faster and improve resiliency in business operations. To learn more, visit RKVST.com.
Contacts:
Liz Harris, vice president marketing, RKVST
[email protected]
Jackie Solis, PR for RKVST (U.S.)
[email protected]
Allie Andrews or Tracey Treanor, PR for RKVST (U.K. and Europe)
[email protected] / [email protected]
+44 (0)1442 245030
Source: RealWire
Blockchain
P2 Ventures Commits $50M Via Hadron FC to Startup Founders in Polygon Ecosystem
Last year, P2 Ventures emerged as a distinct entity from Polygon Labs, with a focus on blockchain investments. Now, it’s earmarking funds and providing mentorship to bolster project founders, particularly those concentrated on the Polygon blockchain ecosystem. A contributor from Hadron FC remarked that the community offered the perfect blend of “capital and vibes.”
P2 Ventures, a venture capital firm with a blockchain emphasis, was established late last year as a separate entity from developer Polygon Labs. It has pledged $50 million to support startup founders, potentially igniting fresh initiatives within the Polygon ecosystem.
The investment from P2 Ventures will be channeled to founders via Hadron FC, a program tailored for founders with hubs in Dubai and New York, according to a press release. This program encompasses mentorship, legal and regulatory guidance, networking opportunities, and “comprehensive assistance in navigating the complexities of startup development and fundraising,” the release stated. Among the initial 36 projects onboarded, several participated in a week of collaborative efforts at the Dubai facility. Shreyansh Singh, head of investments at P2 Ventures, expressed confidence in Hadron Club’s unparalleled capacity to nurture the aspirations of forward-thinking founders within the Polygon ecosystem.
Ajit Tripathi, a core contributor at Hadron FC, noted that the community provided the ideal mix of “support, capital, and ambiance.”
Initially part of Polygon Labs, the principal developer of various Polygon layer-2 networks built on Ethereum, P2 Ventures transitioned into an independent unit with its own 10-person team late last year, rebranding itself as P2 Ventures.
Source: coindesk.com
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Blockchain
Blockchain sleuth uncovers identity of PrismaFi’s hacker, who stole $11m
Blockchain investigator ZachXBT uncovered the purported perpetrator behind the PrismaFi breach, which resulted in the protocol losing $11.1 million worth of cryptocurrency. Through a series of posts, ZachXBT disclosed that the individual behind the attack, identified as 0x77 (or Trung), may be connected to several other breaches.
The Prisma team initially detected a sequence of transactions on the MigrateTroveZap contract in March, ultimately resulting in a loss of 3,257 ETH (equivalent to $11.1 million at the time). Initially, the attacker communicated with the Prisma deployer, claiming the attack was a white-hat initiative. However, all funds were subsequently transferred to Tornado Cash, a sanctioned cryptocurrency mixer.
The attacker then made audacious demands, including a $3.8 million (34%) white-hat bounty, significantly higher than the industry standard of 10%, as noted by ZachXBT, who highlighted that this demand was essentially extortion, given the insufficient assets in the treasury to reimburse users.
Further investigation revealed that the attacker’s address received funds via FixedFloat and was subsequently traced to Arbitrum, a layer-2 solution on Ethereum. By analyzing timing, ZachXBT determined that the attacker’s address was linked to withdrawals on TRON, including those from the Bybit cryptocurrency exchange.
The investigation also unveiled connections to prior breaches, such as the Arcade_xyz breach from March 2023 and the Pine Protocol breach from February of the current year. The attacker, utilizing the alias 0x77 on Telegram, remained active and had ties to the deployer of @modulusprotocol, further solidifying the connection between each incident.
Furthermore, the investigator disclosed conducting an analysis of the attacker’s personal information, including phone numbers and emails, which indicated a proficient technical background. All collected personal data has been forwarded to the Prisma team, who are pursuing legal action against the hacker in Vietnam and Australia, ZachXBT added.
Source: crypto.news
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Blockchain
Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai
During a discussion among industry leaders at the Blockchain Life conference in Dubai, Bybit CEO Ben Zhou emphasized the preparedness and sophistication of contemporary cryptocurrency exchanges (CEXs). Zhou, who co-founded Bybit in 2018, now stands at the helm of one of the world’s top three exchanges by trading volume.
At the event, Zhou shed light on various facets that underscore the current era of crypto maturity. “From Bybit’s standpoint, this ongoing bull market has been primarily propelled by institutional involvement… Our collaboration with third-party custodians like Copper and Fireblocks led to a 186% increase in institutional capital flows last year,” Zhou noted. He highlighted the pivotal role of enhanced infrastructure and the approval of Bitcoin spot ETFs in facilitating institutional participation in the crypto market.
Zhou has overseen meticulous upgrades to Bybit since the previous crypto bull run in 2021, enabling institutional investors to deploy larger capital pools. “Bybit boasts a highly versatile trading system that accommodates trading of any token against any other,” Zhou remarked during his live address on the main stage. “This affords our institutional clients a plethora of tools, enabling them to engage in spread trades, arbitrage funding rates, and various sophisticated trading strategies. This capability has facilitated the influx of new capital into the crypto space.”
Furthermore, Zhou highlighted the evolution of service reliability amidst market volatility. “Our risk management and system resilience have undergone continuous enhancements,” he affirmed. “Even during turbulent market conditions, Bybit maintains its stability.” This stability serves as a testament to the advanced infrastructure supporting both institutional investors and the exchange’s 25 million retail users.
Zhou also emphasized Bybit’s efforts to empower retail clients with access to products that simplify sophisticated trading strategies. “We offer a unique product known as perpetual protect, which utilizes options contracts to safeguard perpetual positions from losses,” Zhou explained. “Additionally, our advanced Unified Trading Account (UTA) design provides traders with a competitive edge in the market.” These initiatives aim to demystify derivatives and options, making complex financial instruments more accessible and comprehensible to a broader audience.
As the crypto market continues to mature, Bybit remains at the forefront, spearheading innovations that align with evolving market trends and regulatory standards. This proactive stance not only signifies a significant milestone for Bybit but also underscores the overall advancement of the crypto exchange industry.
Source: prnewswire.com
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