Blockchain
20 SwissTech startups zoom onto the world stage
On June 10, SwissTech Pitchinar, a pitching competition in webinar format, was joined by 20 leading Swiss startups in the fields of Advanced Instrument, Artificial Intelligence, Augmented/Virtual Reality, Biotech, Blockchain, Cybersecurity, Energy, Fintech, HealthTech, IoT, Robotics, Software and VehicleTech. This first-of-its-kind virtual event held on Zoom received overwhelming interest from top-level audiences with more than 950 registrants from top universities, blue-chip companies, media and 238 investors with strong interest in Swiss technology and innovation, seeking opportunities for investment, partnerships and project cooperation.
The virtual pitching competition featured 90-second pitches from each of the startups, providing them with a platform to spotlight their products and services with prospective investors, partners and industry experts. Ambassador Nicolas Bideau, Head of Presence Switzerland, and Gary Shapiro, CEO of Consumer Technology Association, which organizes CES ASIA and Las Vegas, delivered the keynote messages.
Mithras Technology, a startup that developed wearable technology turning human body heat into usable electricity, emerged as the champion among the 20 competing startups. Eyeware, STOR-H Technologies, and Swiss Terahertz were chosen by the jury as finalists. The event reached its high peak as Swiss Ambassador to China Bernardino Regazzoni virtually awarded the trophies to the selected startups. The outstanding performance of all participating startups demonstrate the strength of the Swiss innovation ecosystem and the excellence of the world-class Swiss universities.
“This was completely unexpected. We feel very proud and honored to have won the first SwissTech Pitchinar 2020. We already received lots of positive feedback from people reaching out to us, which could result in very interesting leads and this highlights the inestimable worth of such events…”, said Franco Membrini, Founder & CEO of Mithras Technology, “We would like to thank the team of swissnex China for an outstanding organisation and wish all the presented startups best of success.”
“Today, we pioneered a powerful virtual platform for Swiss startups to establish game-changing partnerships with investors, mentors, experts, potential business partners and highly-engaged audiences on a global scale: an unprecedented way to add value and build bridges”, said Dr. Felix Moesner, Science Consul and CEO of swissnex China. “We saw overwhelming interest in our DeepTech startups and wish them every success with their many follow-ups.”
SwissTech Pitchinar 2020 is organized by swissnex China in collaboration with SwissTech, CES ASIA and Venture Leaders, and in partnership with EPFL, ETH Zurich, Greater Zurich Area, Innovaud, Swisscom and Venturelab. The SwissTech Campaign partners are Presence Switzerland, Switzerland Global Enterprise, Innosuisse, digitalswitzerland and swissnex Network.
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
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
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Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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