Blockchain
Arkreen enters the peaq ecosystem to unlock new revenue streams for green energy DePINs
peaq, the go-to blockchain for real-world applications, announces the expansion of its ecosystem as Arkreen Network joins to bolster projects focused on sustainable energy. Arkreen is a Polygon-based Web3-powered digital infrastructure for global distributed renewable energy resources which rewards green power suppliers, such as solar panel owners or green energy storage services, as well as energy consumers. By expanding to peaq, it will tap into a new active Decentralized Physical Infrastructure Networks (DePIN) ecosystem including energy-focused projects and will support them with additional monetization tools. It will also explore a joint proof-of-concept project with penomo, a Web3 crowd-financing and monetization platform for green energy storage.
As the global push for sustainability grows, so does the proportion of renewable energy in the total. But while large green energy companies are riding this tide, smaller green energy resources, such as individual solar panel arrays or small businesses working to store green energy, are often under-utilized. Part of the challenge is monitoring their capacities and putting them to good use, which needs a common data space.
Arkreen enables green energy businesses and households to outfit their energy assets with special devices that monitor their energy activity and issue renewable energy certificates — tradable certificates confirming the production and supply of a certain amount of green energy. Arkreen works as the energy data infrastructure enabling applications leveraging such certificates, such as carbon credit sales or carbon futures. Through the expansion to peaq, Arkreen will enable the green energy-focused DePINs on peaq to certify the activity of their energy data assets. It will also amplify their monetization efforts and unlock new revenue streams for both projects and energy asset owners.
Arkreen is also working on a joint PoC with penomo, a Web3 platform connecting private investors with energy storage investment opportunities, for a power storage hardware provider which will provide a battery that will be linked with a solar panel. penomo will tokenize this battery for offering to Web3 investors, while Arkreen will aggregate its data and facilitate its use.
“We are excited to be expanding into the peaq ecosystem, the DePIN home,” says Abba Garba, Head of Product and Partnership at Arkreen. “We see a lot of potential integrations in the current stack of projects building on peaq, and look forward to its further growth. Web3 has a lot of tools to offer to the sustainable energy sector, and we’re looking forward to exploring this further together.”
“We are thrilled to see Arkreen step into the peaq ecosystem,” says Till Wendler, co-founder of peaq. “As a data platform for green energy projects, it adds a lot of value to projects building on peaq. Sustainability is one of the core values for the peaq ecosystem, and it’s one that is very much shared with Arkreen.”
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
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
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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