Blockchain
Solidus Labs and Figment Launch Staking Guard for Ethereum Validators
Solidus Labs and Figment have introduced Staking Guard, a pioneering risk mitigation solution designed specifically for institutional Ethereum validators to promote trust, security, and compliance. This risk-based model aims to boost institutional participation in staking and drive growth in the decentralized finance (DeFi) and Web3 spaces.
Staking Guard: A New Standard in Institutional Staking
Powered by Solidus’ Builder and Relay, Staking Guard offers robust, high-performance, low-latency protection against traditional compliance risks and native on-chain threats. It ensures compliant block delivery, protecting against risks and alerting on market abuse, fraud, and manipulation.
Setting a New Benchmark
By integrating Solidus’ Staking Guard into Figment’s suite of Ethereum relays, we’re establishing a new gold standard for institutional staking services. This collaboration not only fills a critical market gap but also serves as a catalyst for increased institutional participation in staking.
Leadership Perspectives
Ben Spiegelman, Head of Corporate Development and Partnerships at Figment, stated, “Staking Guard models a risk-based solution needed for institutional involvement based on Solidus’ crypto-native expertise in security and compliance.”
Asaf Meir, Founder and Chief Executive of Solidus Labs, emphasized, “Staking Guard is the natural progression for Solidus’ comprehensive solutions addressing compliance and security risks off-chain, on-chain, and now – pre-chain. We see it as an indispensable enabler for the maturation and sustainable growth of DeFi and Web3.”
Comprehensive Protection and Reporting
Staking Guard upholds optimized censorship-resistant models without impacting rewards, ensuring comprehensive protection against both legacy compliance and native on-chain risks. It also includes powerful reporting tools and audit trail logs for seamless, institutional-grade oversight.
Driving Institutional Adoption
With the cryptocurrency market gradually expanding, partnerships like that of Solidus Labs and Figment are essential in setting new benchmarks and creating an environment for institutions to embrace and integrate decentralized finance and Web3 solutions.
Source: cryptotimes.io
The post Solidus Labs and Figment Launch Staking Guard for Ethereum Validators appeared first on HIPTHER Alerts.
Blockchain
Adapt or Die: The Urgent Shift from VASP to MiCA
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
Blockchain
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