Blockchain
Digital Pilipinas showcases Ph as ‘soft landing, safe haven’ for global innovators
Digital Pilipinas, the largest private sector movement for creating a technology and innovation ecosystem in the country, showcases the Philippines as a “soft landing and safe haven” for global innovators.
Amor Maclang, Digital Pilipinas Festival (DPF) Convenor, positioned the Philippines as “a welcoming gateway to ASEAN for other countries who wish to do business in our region, for innovators from other countries who, in the face of adverse political or economic conditions, need to temporarily relocate to where their culture of innovation will be preserved.”
During the DPF, foreign and Filipino leaders shared their plans for creating a stronger, anti-fragile ASEAN by making digital tech more accessible to the public. Department of Information and Communications Technology – Philippines’ Undersecretary David Almirol stressed the crucial role of embracing the enabling qualities of technology in empowering agencies in enforcing their mandates. Through different policies and projects including the E-Governance Act and the iLGU, the public can experience seamless services which pave the way for them to take on bigger decisions and even go global.
Jimmy Kyle Siy, Brankas Director of Customer Success, said that a positive impact on trade would be the first advantage of an ASEAN tech collaboration.
Angkas CEO George Royeca said: working with ASEAN entails “collaboration with regulators in creating the best products that will have the highest positive effect.”
Manish Bhai, UNO Digital Bank Founder, President, and CEO, agreed that without a cross-border ecosystem, digitalization will not succeed: “Everyone is a collaborator – whether it’s cross-country, ASEAN, regional, global.”
Wei Zhou, CEO of Coins.ph, spoke of his plans to make the Philippines “a leader in Web 3.0 not just in ASEAN, but globally. Digital assets and blockchain are equalizers and can mean financial empowerment.”
DPF, which was composed of the World FinTech Festival-Philippines and the Philippine FinTech Festival, was held in partnership with Elevandi, an organization founded by the Monetary Authority of Singapore (MAS) to foster public-private-sector dialogue to advance FinTech in the digital economy.
Jobbagy László, Managing Director of Digital Success Nonprofit Ltd., emphasized that “digitalization is all around us. We can have all kinds of people and have all kinds of degrees to digitize the culture even in terms of policy-making over the next 30 years.”
Participating in the DPF were co-presentor Coins.ph and co-convenors Etiqa Philippines; Angkas; PayMongo, UnionBank of the Philippines; digiCOOP; ADVANCE.AI; NinjaVan Philippines; KPMG Philippines; UNO Digital Bank; Creador; Globe; PruLife UK; ACUBELAW; Gorriceta Africa Cauton & Saavedra; Brankas; GCash; COL Financial; and, Xendit Philippines. Other partners were Tech Exactly; StartUp Village; Bounce Back PH; Fintech Philippines Association; FinScore; Mapúa University; GeiserMaclang Marketing Communications; Inquirer Group of Companies; Inquirer Mobile; Inquirer.Net; Philippine Daily Inquirer; The Philippine Star; Manila Bulletin; United Neon; and Coinvestasi.
Filipino and global industry and tech leaders gathered for the Digital Pilipinas Festival, which kicked off a month-long celebration for ASEAN tech while launching an anti-fragile technology and innovation ecosystem to bring about an economically stronger region.
SOURCE Philippine FinTech Festival
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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