Blockchain
Curv’s Keyless Cryptography Brings a New Level of Security to Bitcoin Satoshi Vision (BSV)
Today, Bitcoin Association announced Bitcoin Satoshi Vision (BSV) will be fully supported by Curv’s institutional digital asset security platform. Helping secure digital assets thanks to its keyless cryptography, Curv’s wallet service is swiftly being adopted by exchanges, OTC desks, lenders, brokers, and traditional asset managers worldwide.
Eliminating the single point of failure introduced by private keys, Curv delivers a mathematically secure way to approve and sign transactions on the blockchain. In addition, Curv has obtained digital asset insurance protection of up to $50 million for its customers from Munich RE and is the first and only Multi-Party Computation (MPC) digital asset wallet solution to achieve SOC2 Type II status.
Bitcoin Association is the global industry organization that supports Bitcoin SV. In its ongoing work to grow the Bitcoin SV ecosystem’s infrastructure, Bitcoin Association sought an additional security provider for BSV that was blockchain agnostic and not limited by certain rule sets, such as the need to support the Pay-to-Script Hash (P2SH) transaction type which has now been sunsetted on Bitcoin SV.
Jimmy Nguyen, Founding President of Bitcoin Association said, “We have secured another partner for the Bitcoin SV ecosystem that ensures BSV institutional users gain multi-signature wallet functionality and can use large-scale applications on top of the Bitcoin SV blockchain, without needing to compromise on security and flexibility. Curv’s protocol-agnostic approach gives institutional users the freedom to expand BSV utility and aligns with the restorations the Bitcoin SV Node team sought to achieve with the recent “Genesis” hard fork that successfully activated on February 4, 2020. We hope that enterprise adoption of BSV will accelerate and Curv’s infrastructure will play a critical role in supporting this scalability and more future business use of BSV.”
Curv’s service is able to support Bitcoin SV for multi-signature transactions even after P2SH is sunsetted given Curv offers users the ability to securely manage and trade all types of digital assets on both ECSDA and EDDSA blockchains. This flexibility is central to Curv’s platform given its patent-pending Multi-party computation (MPC) protocols enable transactions to be securely approved and verified off chain and eliminate the need for private keys.
Curv’s COO Josh Schwartz said, “We’re excited to add BSV to our growing portfolio. Our clients trust us to enable their business and help secure their digital assets. We view it as our obligation to ensure customers have the freedom to hold, trade, and interact with any and all digital assets. They should feel empowered to let the market dictate the assets they choose to support and not be limited by their wallet provider’s capabilities.”
SOURCE Bitcoin Association
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
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
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.
-
Blockchain Press Releases4 days agoDeFi Lens builds advanced Generative AI for Technical Analysis
-
Blockchain3 days agoVenezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
-
Blockchain3 days ago
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
-
Blockchain2 days agoGlobal Payment Gateway Industry Report 2024: Seamless Integration with In-Game Virtual Currency Systems Enables Payment Gateways to Contribute to the Monetization Strategies of Game Developers
-
Blockchain4 days ago
PairedWorld Earns Nomination for Best Blockchain Project for Social Impact, Secures $1.5 Million in Private Token Sales, and Welcomes Paul Taylor Who Is a Venture Partner at BlackRock to its Advisory Board
-
Blockchain1 day ago
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
-
Blockchain5 days ago
PairedWorld Earns Blockchain Award Nomination, Secures $1.5 Million in Private Token Sales, and Welcomes BlackRock Venture Partner to Advisory Board
-
Blockchain1 day ago
39% of Canada’s institutional investors have exposure to crypto: KPMG
