Blockchain
Moondance Labs Announces $6 Million Funding to Boost Development of Tanssi Protocol
Moondance Labs, the creators of the innovative Tanssi appchain infrastructure protocol, have announced a successful $6 million funding round. The round was jointly led by Scytale Digital, KR1, and SNZ, and saw participation from prominent blockchain venture capitalists including Arrington Capital, Borderless Capital, Hypersphere, and Blockchain Founders Fund.
George McDonaugh, Managing Director and Co-Founder of KR1, shared his enthusiasm for Moondance Labs’ progress over the last year. “The Moondance Labs team has made great progress over the past year, delivering on Tanssi’s roadmap to become the go-to tool for appchain developers.”
The newly acquired funds are designated for team growth at Moondance Labs and the further refinement of Tanssi. Aimed at enhancing appchain deployment efficiency, Tanssi is empowering developers with cutting-edge tools to facilitate quick and effective chain launches. It converts any connected chain into a modular appchain, providing a permissionless and developer-centric framework that incorporates vital features such as block production, wallets, data reliability, oracles, and cross-chain interactions.
Addressing historical hurdles in appchain development related to technical complexity and high costs, Tanssi paves the way for the swift launch of appchains across various sectors, including DeFi, gaming, real estate, sustainable energy and more.
Reflecting on the funding milestone, Francisco Agosti, Co-founder of Tanssi and CEO of Moondance Labs, expressed his excitement about accelerating Tanssi’s evolution. “Our mission from the start has been to deliver an unparalleled developer experience for Layer 1 deployments, balancing security and decentralization. This funding round enables us to advance towards that goal, and we’re grateful for the unwavering support from our investors.”
In the near future, Tanssi is set to launch an incentivized testnet campaign to engage and reward its growing community and the innovative projects within its ecosystem. This campaign will feature challenges both on-chain and off-chain to encourage comprehensive interaction with Tanssi’s technologies and the diverse dApps it hosts.
“We’re thrilled to be supporting Moondance Labs in their journey and we’re confident that Tanssi is making significant advancements, both on- and off-chain, in how blockchain ecosystems are used,” shared Tobias Bauer, Partner at Blockchain Founders Fund.
The initiative aims to deepen engagement among developers and enthusiasts, offering rewards for active participation and contributions to the network’s strength and functionality. For updates on the campaign and participation details, join Tanssi’s communities and subscribe to the email newsletter.
The post Moondance Labs Announces $6 Million Funding to Boost Development of Tanssi Protocol appeared first on HIPTHER Alerts.
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.
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