Blockchain
Unlimited Bug Bounty Follows Huawei Cloud Partnership – Enterprises take Notice of aelf’s Security Focus
On Oct 22nd, aelf announced the launch of their unlimited bug Bounty Campaign, the latest in a string of announcements over the last couple of months for the Singapore-based blockchain company. The last year has seen an unprecedented number of projects fold in the tough startup environment of the blockchain industry. While others have struggled, aelf has made strong progress. The last 6 months saw the development team focus on fine-tuning and bug fixing an already complete enterprise ready, blockchain solution. This extensive testing has given the team such high confidence in their platform that they have launched a public bug bounty without a prize pool limit.
The finetuning has involved efforts from other enterprises resulting in close collaborations and partnerships with aelf from companies such as Orange Teleco (Europe), Amaten (Japan), Chainlink, and most recently, Huawei Cloud.
The aelf project has always held an open source spirit with all code available through their Github account where anyone can make contributions. The bug bounty program is a popular event run by blockchain projects and allows for arguably more thorough checking than internal audits may provide. This latest bug bounty by aelf has rewards broken into 3 categories (Major, Minor, & General) with the ‘highest category seeing rewards of over $1,500 for individual bugs reported. Users are invited to test the network through the test token available, with every encouragement to push the network to its limits. The team have indicated this program is the last steps in finalizing an enterprise ready blockchain before launching it publicly. The enterprise version is currently in beta stage but has full functionality and a complete set of features and tools.
Aelf is one of the few projects that have seen solid development throughout the last year with their GitHub repository often sitting top for commit activity. Zhuling Chen, aelf Co-Founder & COO, explained:
“It is in these tough times where there is very little noise that the serious projects can get some real groundwork done. It is exciting to see all the hard work from the last couple of years come to fruition as we solidify partnerships and develop real use cases to help enterprises stay ahead of their game.”
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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