Blockchain
SpaceChain Receives Grant from EUREKA GlobalStars-Singapore Call to Jointly Develop Decentralised Satellite Infrastructure with Consortium Partners
EUREKA, in partnership with Enterprise Singapore and Innovate UK, has awarded GBP440,000 in funding together with access to research and development facilities and resources to SpaceChain UK Limited (SpaceChain) and consortium partners Addvalue Innovation Pte Ltd (“Addvalue “) and Alba Orbital. Awarded under the EUREKA Globalstars-Singapore Call, the companies will jointly develop a decentralised satellite infrastructure (DSI) that powers a blockchain payload at its core to enable direct tasking of a satellite in real-time.
The DSI innovation will be formed by a mesh-network of heterogeneous spacecrafts that is owned by multiple parties across jurisdictions operated in Low Earth Orbit (LEO). The DSI is set to democratise access to the nascent space sector with lower barriers to entry by individual companies. The innovation also bridges the communication gap between technology and data.
Once the DSI architecture and the blockchain payload is developed, stringent testing will be carried out on the blockchain-based satellite tasking to ensure secure, reliable connectivity and performance between the DSI infrastructure and ground-based users in real-time. The DSI infrastructure will advance the development of commercial use cases linking space resource providers, satellite application and fintech companies with an ultra-secure and low-latency network.
“We are honoured to receive support from EUREKA, Enterprise Singapore and Innovate UK as we forge ahead on our mission to develop a New Space Economy and minimise the entry barriers to space with the DSI,” said Nick Trudgen, chief commercial officer and UK director at SpaceChain. “Space exploration projects are tremendous in scale and require close collaboration and partnership, and this milestone unlocks new opportunities for building commercial solutions that leverage space and blockchain applications.”
The innovation will be made possible collectively with the blockchain payload and software package developed by SpaceChain, the Unicorn-2 PocketQube platform built by Alba Orbital, and on-demand real-time communication provided by Addvalue through their Inter-Satellite Data Relay System (IDRS) that leverages LEO-Geosynchronous Earth Orbit (GEO) links.
“With the global blockchain market size projected to grow at a CAGR of 67.3% per annum from USD3.0 billion in 2020 to USD39.7 billion by 2025*, it is undeniable that blockchain technologies will play a very significant role in space applications, especially in the name of cyber-security in protecting the different assets in the space information network. The Addvalue IDRS solution is a key enabler in ensuring the availability of low latency and reliable connectivity for the effective blockchain applications in a decentralized and distributed satellite infrastructure. The funding from EUREKA epitomizes our collective innovation in redefining the future of space applications. Addvalue, through the offering of its proven inter-satellite communication expertise and developmental capabilities for such embedded systems, is excited to be part of the consortium which put us in a pole position to target the fast growing blockchain market in a satellite environment,” said Francis Low, Head of Advanced Development at Addvalue Innovation.
“We are very excited to collaborate with SpaceChain and Addvalue as we integrate our expertise for ground-to-satellite communications to create this pioneering DSI Innovation,” said Tom Walkinshaw, founder and CEO of Alba Orbital. “Built upon our shared vision in advancing the frontiers of space technologies for businesses, the partnership will catalyse the use of space systems and services in the commercial market with unparalleled performance and security.”
The EUREKA project is expected to commence in early 2021.
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 Releases3 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
-
Blockchain5 days ago
PairedWorld Earns Blockchain Award Nomination, Secures $1.5 Million in Private Token Sales, and Welcomes BlackRock Venture Partner to Advisory Board
-
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
-
Blockchain1 day ago
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
-
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
-
Blockchain4 days ago
DeFi Technologies to Present at the Blockchain & Digital Asset Virtual Investor Conference April 25th
