Blockchain
Gate.io Passes Hacken’s Annual Security Assessment, Furthering System and Asset Security
Gate.io, a leading crypto exchange trusted by millions of users, has passed an annual security assessment conducted by Hacken, a renowned blockchain security auditor. The assessment follows a recent broadening of its partnership with Hacken, which introduced smart contract auditing to various components of Gate Web3, Gate.io’s decentralized ecosystem.
The latest security assessment included rigorous evaluation and penetration testing using industry-standard methodologies. Hacken’s team of experts subjected the exchange’s infrastructure to simulated cyberattacks based on real-world scenarios. The assessment confirmed that Gate.io’s security measures are up-to-date and capable of defending the platform and user accounts against the latest cyber threats.
The assessment was carried out as part of a partnership between Gate.io and Hacken. The partnership dates back to 2020, when Hacken assisted the exchange in obtaining a CER certification. Since then, the partnership has expanded to include bug bounties, annual penetration tests, and smart contract audits. When combined with Gate.io’s multilayered security measures and thorough in-house reviews, users are provided greater security guarantees.
“Security is a shared responsibility in the blockchain and digital asset sector. The ramifications extend beyond any one platform, and each has a role to play. Our dynamic partnership with Hacken ensures that Gate.io’s role is fulfilled and users can safely embark on their digital asset journey confidently,” said Dr. Lin Han, founder and CEO of Gate.io.
The latest security assessment and penetration test confirm Gate.io’s adherence to following best practices and meeting the demands of an ever-changing threat landscape, helping build users’ faith in Gate.io and the blockchain and digital asset sector as a whole. In addition, the partnership with Hacken has resulted in greater security assurances on Gate.io’s centralized and decentralized platforms. The dynamic and robust nature of the partnership ensures that users’ funds are safeguarded from current and potential future threats.
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
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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