Blockchain
Acurast joins the peaq ecosystem to decentralize cloud computing for DePINs
Acurast will explore outfitting the devices on its cloud computing DePIN with peaq IDs, deploy its data oracle on peaq, and open its off-chain computing layer for real-world apps on peaq to use.
peaq, the blockchain for real-world applications, announces an expansion of its ecosystem as Acurast joins in to decentralize cloud computing. Acurast is a distributed serverless cloud service turning regular smartphones into a decentralized physical infrastructure network (DePIN) for computation. As part of the integration with peaq, it will deploy its versatile oracle on peaq, offer its off-chain computing layer to peaq-native DePINs as an alternative to centralized cloud services, and tap peaq IDs for the devices on its own DePIN.
The cloud market is booming, expected to exceed $1.2 trillion by 2028 as cloud computation remains the de-facto industry standard for the apps we use in our daily lives. Even Web3 apps aren’t immune to this, with many of them relying on centralized cloud service providers such as Amazon Web Services for their hosting and computational needs. However, centralized cloud servers have a variety of drawbacks, from cost and scalability issues to a lack of true ownership and privacy.
Acurast is reimagining cloud computing with its mobile-first DePIN offering a variety of services, including distributed compute for Web2 and Web3 developers alike, data feeds, and on-demand oracles that can provide data when requested, not at set intervals, like with most Web3 oracles. It is joining the peaq ecosystem as a distributed cloud service provider for DePINs building natively on peaq.
As part of the integration, Acurast will deploy its oracle on peaq to provide it with on-demand off-chain data. It will also open its network for DePINs building natively on peaq to enable them run their off-chain components in a decentralized, Web3 manner. Further on, it will explore outfitting the smartphones on its DePIN to verify the data broadcast by these devices and enable communities to collectively purchase and own devices.
“We are thrilled to be joining the peaq ecosystem, the thriving home of DePINs,” says Alessandro De Carli, Co-Founder of Acurast. “We view distributed cloud computing as a major step toward true decentralization and are looking forward to unlocking this technology for the DePINs on peaq — and tapping peaq’s Modular DePIN Functions for our own DePIN.”
“Web3 cloud computing is a vital service for making dApps and DePINs truly decentralized,” says Till Wendler, co-founder of peaq. “We are thrilled to see Acurast join the peaq ecosystem and are certain that it will create a lot of value for the DePINs on peaq and for the community.”
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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
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