Blockchain
World’s Largest Blockchain Application Competition ‘Klaytn Horizon’ Winners Announced
Klaytn, the leading blockchain project led by the South Korean Internet giant Kakao announced the winners for its BApp (Blockchain Application) competition, ‘Klaytn Horizon.’
Klaytn Horizon invited all developers worldwide to build blockchain applications on the Klaytn platform whose mainnet launched this past June. Prioritizing its efforts towards mass blockchain adoption and ecosystem building, Klaytn prospected for competent blockchain projects that can facilitate blockchain experience.
Over 100 projects were submitted by developers across the globe including Korea, U.S., China, France, Russia, Switzerland, Slovakia, India, the Philippines, and many others. Most of the projects are Klaytn-based tools including wallets and exchanges that enhance BApp development and usability. The judges selected 15 award-winning teams that have the most potential to deliver practical service with meaningful values based on user-friendly blockchain experience.
The top five winners of the Klaytn Horizon are as follows:
Exnomy (India & Korea)
Exnomy is a hybrid cryptocurrency exchange that enables a handful of cryptocurrencies tradeable with Klaytn’s token KLAY based on high scalability and competitive gas fee structure. It combines high security with fast transaction speed.
Jetstream (Korea)
Jetstream is a Chrome browser extension wallet that enables the transfer of KLAY and KCT (Klaytn Compatible Tokens) as well as Klaytn-based non-fungible tokens (NFTs). The fees incurred by users can also be delegated to a service provider to ensure an effective user experience.
Klay.exchange (The Philippines & Korea)
Klay.exchange is a decentralized exchange protocol supporting the value transfer of KLAY and KCT. Based on an intuitive swap algorithm, the service allows simple and easy blockchain experience for users.
KUSD Stablecoin (U.S. & Russia)
KUSD is the stablecoin solution that seeks to effectively mitigate the arbitration risk and price volatility by pegging KLAY to US Dollar. KUSD also provides toolkits such as ‘Klaybook’ to facilitate smart contract deployment and ‘Klayfee,’ which enables fee delegation for Klaytn-based BApps.
Odin for Klaytn (Korea)
Odin for Klaytn is a real-time smart contract auditing service that allows developers to easily analyze and review their smart contracts in order to prevent security risk. It also issues immutable audit reports to certify smart contracts that no longer contain security risks or code errors.
The first five teams of Tier 1 will receive $100,000 each, which will be awarded in KLAY, while Tier 2 (the second five teams) and Tier 3 (the third five teams) will receive $50,000 and $30,000 worth of KLAY each.
The winning teams will also be promoted and listed on ‘DApp.com’ and ‘State of the DApps,’ which are also Klaytn’s partners. Over a dozen Klaytn-based BApps are already listed on both DApp.com and State of the Dapps. With the winning BApps to be additionally listed, we can expect to see a richer Klaytn ecosystem.
“We are excited to welcome prospective blockchain services in various industry domains including finance, entertainment, lifestyle, and technology,” said Chase Choi, the Head of Business. “Klaytn is going to provide the winning teams with full support on business and technical sides for successful service operation and mutual growth with us. To foster a healthy blockchain ecosystem, we also excluded gambling services,” he added.
For more information on the 15 winning projects, visit the official Klaytn Horizon webpage at www.klaytnhorizon.com.
SOURCE Klaytn
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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