Blockchain
TimeChain Labs and Nu10 partner to provide end-to-end Blockchain solutions powered by the BSV Blockchain
Mumbai-based BSV Blockchain focused start-up, TimeChain Labs Pvt Ltd (TCL), and Nu10 Technologies have announced a strategic partnership to provide end-to-end BaaS (Blockchain as a Solution) services to enterprises globally. The MoU was signed between Rohan Sharan, Founder and MD of TCL, and Mohit Kataria, Co-Founder of Nu10, and the duo have sealed their intent to present a combined face in interactions with potential and existing clients that require their solutions to be built on the BSV Blockchain. In the lead up to the Enterprise Utility Blockchain Summit India in Bengaluru (Aug 05-06) sponsored by the BSV Blockchain Association, their decision to join hands and offer cutting-edge Blockchain solutions to clients is firmly founded on the advantages offered by the BSV Blockchain, namely, scalability and low transaction fee.
TCL, founded by IIT Kharagpur alumnus Sharan (who is also the BSV Blockchain Association Ambassador for India), has been in the thick of all things BSV since its founding in 2021. Another alumnus of IIT Kharagpur and a then Berlin-based Physics PhD candidate, Mallikarjun Karra, joined as a Director to aid Sharan’s vision and “launch a suite of products that make up an operating system for a civilisation built atop the timechain (blockchain).”
Nu10, on the other hand, is a web3 solutions provider with offices in New York, Estonia and Bengaluru, India. Co-Founder Kataria, an alumnus of IIT D and IIM C, is a tech enthusiast and a serial entrepreneur, and has called BSV “one of the best-distributed ledgers for enterprises with its low fees, greater scalability, excellent data capacity, and the facility for micro- and nano-payments.” Nu10’s VP of Product, Parimal Priyadarshi, who recently began to appreciate the superiority of Bitcoin SV owing to his own carefully conducted research, has been the driving force behind this marriage and the dream to be the “Infosys of the Web3 and BaaS gold-rush.”
Sharan and Kataria remarked that this partnership would be ideal to cater to the needs of government and private enterprises since TCL specialises in consulting and architecture design for dependable BSV solutions, while Nu10 offers the advantage of over a hundred experienced full-stack developers. “We have already been receiving requests for consultations from diverse quarters in the run up to the EUB Summit in Bengaluru,” they said.
The rise of an Indian BaaS provider helping enterprises with blockchain adoption and offering cost-effective solutions is certainly good news for the global BSV eco-system.
Managing Director of the BSV Blockchain Association, Patrick Prinz said: “Interest has now grown into seeing what the blockchains utility and potential really is; for example, two of the courses* we run at the Association, one for entrepreneurs and one for developers have seen significant uptake from participants in India this year. It’s great to see deals of this nature coming to fruition with two sets of entrepreneurs partnering to achieve their goals on BSV.
“We are excited to be sponsoring the EUB Summit as it is a fantastic opportunity to educate developers and entrepreneurs on the benefits of developing on BSV whether that’s about P2P electronic cash, micropayments, immutable data ledger and secure end to end communication.”
Notes to editors:
BSV Blockchain Association is the lead sponsor for the first-ever Enterprise Utility Blockchain Summit India, which will be held at The LaLiT Ashok in Bengaluru, India, on August 5. Bengaluru is the IT, innovation and start-up hub of India and referred to by many as the Silicon Valley of India. The event is being organized by Rohan Sharan and Mallikarjun Karra of TimeChain Labs, Parimal Priyadarshi of Nu10 Technologies, Kapil Jain of nChain, James Chacko of CEEDI, and KumaraGuru Ramanujam of Moneyswipe. Sharan and Ramanujam are the BSV Ambassadors for India at the BSV Blockchain Association.
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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