Grand Cayman, Cayman Islands, September 5th, 2024, Chainwire
After successful launches on other major networks, AUSD has deployed on Sui, tapping into the scalable, high-performance network and strengthening Sui’s stablecoin ecosystem.
Agora, the stablecoin company led by early-stage finance and technology industry veterans Nick van Eck, Drake Evans, and Joe McGrady, has launched its industry-disrupting AUSD stablecoin on Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling. AUSD adds a key dimension to Sui’s surging list of native assets, being the first institutional-grade US dollar stablecoin to deploy in the Sui DeFi ecosystem.
“By integrating first-class assets like AUSD natively on the network, Sui is empowering developers and offering essential access to DeFi for a new class of institutional users,” said Gap Kim, Global Head of Marketing for Sui Foundation. “As the Sui ecosystem continues to grow, opportunities for innovation and financial accessibility on Sui will also expand exponentially, benefiting the entire Sui community.”
Building on its prior successes on Ethereum and Avalanche, AUSD’s integration into the Sui Network immediately enhances its utility, accessibility, and interoperability. Within the first six weeks of contract deployment on Ethereum and Avalanche, nearly $60M AUSD has been minted with $5M+ of daily DEX volume. The integration has already begun improving liquidity and market efficiency within Sui’s rapidly expanding DeFi ecosystem, which at the time of writing boasted over $600 million in Total Value Locked (TVL) and consistently ranks among the top chains in weekly DEX trading volume.
“AUSD’s remarkable growth and early success across the industry sets the stage for the next even more impactful chapter on Sui,” said Nick van Eck, Co-Founder of Agora. “Leveraging Sui’s cutting-edge infrastructure and unparalleled scalability, AUSD will thrive and drive significant advancements within the DeFi and Payments ecosystem. This collaboration is a pivotal step forward in our mission to create a more inclusive and accessible financial future for all.”
AUSD joins a growing number of stablecoins on Sui, which drive the development of robust DeFi applications and expand the adoption of blockchain technology. By leveraging Sui’s scalable, high-performance network, these stablecoins contribute to a high-performance environment where developers and users can innovate and focus on delivering superior experiences without being restricted by the technological limitations that have constrained other networks. Agora’s integration with Sui also continues to expand the reach of AUSD and furthers the growth of the global AUSD network and liquidity.
Contact
Sui Foundation
media@sui.io
Palo Alto, California, United States, September 5th, 2024, Chainwire
AI-driven platform detects fraud at its earliest stages, preventing billions in potential crypto losses
As scams grow more sophisticated and increasingly target crypto for laundering billions in losses, CUBE3.AI is pioneering a new era in fraud prevention. Today, the company announced major enhancements to its platform that bridge the gap between Web2 and Web3, enabling real-time risk assessment and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others.
In 2023, investment scams alone led to more than $4.5 billion in losses, with 86% linked to cryptocurrency. A substantial portion of these scams originate in Web2—through social media interactions, fraudulent websites, or other online channels—before transitioning into crypto where recovering stolen assets becomes nearly impossible. While the industry has traditionally focused on either Web2 or Web3, CUBE3.AI leverages unique expertise and proprietary AI technology that seamlessly integrates both realms, enabling the detection and prevention of fraud across the entire digital landscape. This approach addresses a critical gap by offering a holistic view of fraud patterns across both Web2 and Web3, enabling early detection, thorough risk assessment, and timely intervention.
“The most damaging scams often involve complex journeys that span both traditional and crypto spaces. We’ve built a solution that looks at the full picture, from initial contact in Web2 all the way to final transactions in Web3,” said Einaras Gravrock, CEO of CUBE3.AI. “Real-time fraud prevention is a complex challenge that requires expertise in both realms, along with advanced technology capable of interpreting diverse data and understanding context. Our platform is more than just technology—it’s about restoring trust. Whether it’s protecting businesses from dirty money or safeguarding people from devastating losses, this solution marks a significant step forward in the fight against digital fraud.”
CUBE3.AI’s enhanced platform integrates data from social media, online platforms, and dark web sources, combining it with real-time Web3 transaction monitoring. Proprietary AI models trained to interpret the context of this data generate a comprehensive risk score, empowering businesses to act swiftly before scams escalate. By offering seamless visibility into both Web2 and Web3 activities, CUBE3.AI allows organizations to preemptively block threats that would otherwise go unnoticed until it’s too late.
“As criminals increasingly rely on AI to scale their attacks, our response has to be just as sophisticated. Our AI-powered tools connect the dots between Web2 and Web3, giving us a unique edge in identifying threats before they escalate,” said Chris Griffiths, CTO of CUBE3.AI. “By offering this level of visibility and speed, we empower businesses to make informed decisions and protect their users in real time.”
These new capabilities provide exchanges, financial institutions, and service providers with the early detection and risk management they need to avoid facilitating fraud, protect user trust, and minimize financial losses. By offering a solution that integrates data from both Web2 and Web3, CUBE3.AI sets a new standard in fraud prevention, helping businesses stay ahead of rapidly evolving threats.
About CUBE3.AI
CUBE3.AI is an innovative platform dedicated to real-time fraud and crypto crime prevention. Utilizing proprietary artificial intelligence models, CUBE3.AI protects digital assets and transactions from fraud, cyber exploits, hacks, scams, and compliance risks, empowering businesses to protect their assets, reduce chargebacks, and minimize financial losses. Our technology not only responds to incidents but also anticipates and prevents them before they occur, safeguarding businesses and individuals from the risks associated with crypto transactions.
The company was founded by a team of machine learning researchers, fraud prevention specialists, white hats and blockchain engineers, and is backed by leading investors – including Blockchange Ventures, Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures. Users can learn more at www.CUBE3.AI and join CUBE3.AI on LinkedIn, Twitter and Telegram.
Contact
Head of Marketing
Rasa Petuch
CUBE3.AI
rasap@cube3.ai
Miami, Florida, September 4th, 2024, Chainwire
Floki is thrilled to announce a new partnership with OG Esports, aligning with Valhalla, an innovative play-to-earn metaverse game built on blockchain technology, designed to offer players a unique and rewarding gaming experience.
Valhalla is an MMORPG that combines open-world exploration with strategic turn-based combat. Players can earn rewards through gameplay and unlock in-game advantages through their skills and strategies.
This collaboration will see Valhalla featured as a jersey sleeve sponsor for OG Esports, highlighted at all upcoming events, and creating new collaborative experiences and content for fans.
Mr. Brown Whale, Valhalla lead and core advisor, stated:
“Together with OG Esports, we’re ready to redefine the battlegrounds of the web3 and GameFi space — where strategy meets immersion, and every move shapes an epic world of endless possibilities.”
Sujoy Roy, Head of Partnerships at OG Esports, added:
“This collaboration represents an exciting convergence of esports and blockchain gaming technologies. It aligns perfectly with our commitment to staying at the forefront of the gaming industry. By integrating Valhalla’s cutting-edge platform with our team’s competitive spirit, we aim to enhance the gaming experience for our fans and pave the way for new opportunities in digital gaming.”
About Valhalla
Valhalla is a spin on the classic Creature-Collection adventure set in a vibrant, lively, MMORPG open-world inspired by Norse mythology. Players interact with a diverse set of eccentric creatures called Veras, discovering, taming, training, and trading them. Alone or as a clan, players partake in a dynamic, player-driven economy to rise in community ranks and achieve tactical supremacy on the hexagonal-grid battlefield.
About OG Esports
OG Esports is a leading esports organization renowned for its championship-winning teams and unwavering dedication to excellence. With teams across multiple disciplines, their ethos centers on their fans and players, prioritizing their experience above all else and pushing the boundaries of competitive gaming, shaping a brighter future for all of esports.
To follow Valhalla and OG Esports:
Valhalla: Website
Socials: Twitter, Facebook, Instagram.
OG Esports: Website
Socials: Twitter, Facebook, Instagram.
Contact
Vidal
Pedro
Community Relations Officer
Marketing@floki.com
Dubai, United Arab Emirates, August 28th, 2024, Chainwire
The Polyhedra community has approved a proposal to integrate Flare with Polyhedra’s zkBridge DVN. This integration will empower Flare developers to create secure and efficient cross-chain applications using LayerZero while benefiting from the cryptographic guarantees of ZK proofs.
zkBridge is a trustless, efficient, and secure cross-chain interoperability protocol and one of LayerZero’s Decentralized Verifier Networks (DVNs). It supports more than 30 layer-1 and layer-2 networks, and has successfully verified more than 20 million cross-chain transactions. zkBridge uses zkSNARKs to enable a prover to efficiently convince the receiver chain that a certain state transition happened on the sender chain. In addition to robust bridging safety, enabled by ZK proofs, zkBridge offers strong liveness guarantees, since only one honest member of the validator set is required for bridging.
Hugo Philion, Flare Co-founder, said: “Polyhedra’s zkBridge adds an additional security layer to LayerZero’s interoperability protocol and will be welcomed by Flare developers and users alike. Its integration is a sign of the growing support for Flare from cross-chain protocols and demonstrates the value of ZK technology in making it easier for value to flow freely between networks.”
Eric Vreeland, Chief Strategy Officer of Polyhedra said: “We are excited that the Polyhedra community has voted to support the integration of Flare with zkBridge. The level of activity on Flare has been ramping up and reliable bridging protocols are the key to accelerating this while maintaining decentralization. We look forward to seeing how Flare developers utilize zkBridge to create dapps that draw data from a rich variety of multi-chain protocols.”
zkBridge utilizes zkSNARKs to securely relay and verify block headers and consensus across different chains. It uses a 2-layer recursive proof system to achieve fast proof generation and low on-chain proof verification cost to support cross-chain applications. Polyhedra’s zkLightClient technology in particular dramatically reduces onchain verification costs and latency by allowing for the efficient batching of multiple transaction verifications into a single proof.
On-chain light clients allow for the source chain’s validator set to attest to an event that occurred on their chain to a destination chain. Dapps deployed on Flare, for example, can draw data from other networks using zkBridge, allowing them to create powerful cross-chain financial applications for DeFi, including trading, perps, prediction markets, and much more.
The integration of Polyhedra’s zkBridge adds a layer of security on top of the LayerZero messaging protocol while making it easier for data and assets to flow freely to Flare, whose TVL has reached all-time highs. The number of wallets on Flare has also surpassed 1M as users have onboarded to its growing DeFi ecosystem.
About Flare
Flare is the blockchain for data: an EVM smart contract platform specifically designed to support data intensive use cases, including Machine Learning/AI, RWA tokenization, gaming and social. With decentralized, enshrined oracles secured at the network layer, Flare is the only smart contract platform optimized for decentralized data acquisition: price & time series data, blockchain event & state data, and web2 API data. By giving developers trustless access to the broadest range of data and data proofs at scale and for minimal cost, Flare expands the utility of blockchain and supports the development of new and improved use cases.
About Polyhedra
Polyhedra Network designs and develops scalable and efficient zero-knowledge proof protocols for large-scale ZKP systems with distributed computing networks. Its products include zkBridge, zkLightClient, and Expander, the world’s fastest ZK prover. Polyhedra applies zero-knowledge technology to web2 and traditional financial (TradFi) sectors to provide improved security, privacy, and efficiency.
Learn more: https://www.polyhedra.network/
Contact
Dasi Kaplan
pr@marketacross.com
Road Town, British Virgin Islands, August 27th, 2024, Chainwire
Legion plans to become one of the first MiCA-compliant CASPs and bring access to early fundraising and token offerings to non-accredited investors.
Today, Legion emerges to mark a new era of merit-based on-chain fundraising.
According to the team, Initial Coin Offerings (ICOs) revolutionized how blockchain projects fundraise. They offered equal opportunity to participate in the early stages of new projects, and as a result, created some of the strongest communities crypto has ever seen, such as the LINKMarines, ThorChads, and ETH maxis.
“I participated in half a dozen ICOs. I loved them, but it was clear they had flaws. Scams, bots, and a regulatory clampdown killed on-chain fundraising. Now price discovery occurs in back-room deals. Investment upside is fully extracted off-chain, before everyday users have access. These private markets stand in stark contrast to crypto’s decentralized ethos and leave projects well-funded, but without any organic community.” – Legion cofounder Matt O’Connor
Legion exists for a singular purpose: to provide equal opportunity access to on-chain fundraising for new crypto projects. It achieves this mission with its investor reputation and accountability layer, as well as by providing regulatory clarity offered by the latest regulations. Together, these features ensure that for teams using Legion, the risk-to-reward ratio of raising from retail users on-chain is competitive to that of raising from VCs.
Legion’s founding team are no strangers to on-chain fundraising, having worked for multiple projects funded by ICOs – including current and former Top 50 projects by market cap such as Stacks, “the first SEC-qualified [token] offering in U.S. history”.
“Raising from retail investors on-chain is the best way to build an incentive-aligned community, but it can be risky because you don’t know who your early investors are. Will they be long-term supporters? Are they real or just sniping bots? Legion’s accountability layer allows teams to assemble their retail army based on on-chain and off-chain criteria, and slash the reputation of short-term actors. It changes the incentives, and aligns everyone to act long-term.” – Legion cofounder Fabrizio Giabardo
Legion is backed by a number of mission-driven previous founders, accelerators, and angels, completing a $2M Seed round led by Cyber Fund, with participation from AllianceDAO, Delphi Labs, CoinGecko, Mike Dudas, Alex Svanevik, Peter Smith, Maggie Love, Jon Wu, Ryan Watkins, LongHash, and others.
“For projects, it’s all about maximizing the amount of value per dollar raised. Raising from the right mix of retail and venture capital investors is crucial for the right community. Just as your first ten employees define company culture, your first 100 -1,000 token holders define community culture.” – Cyber managing partner and former Lido cofounder Konstantin Lomashuk
With this latest round, Legion is building its reputation system and accountability layer, and securing the necessary VASP/CASP licenses to facilitate pre-token fundraising rounds and token sales for non-accredited investors under MiCA.
About Legion
Legion makes investing in on-chain fundraises accessible to retail investors through regulatory compliance and investor accountability. Projects using Legion can customize allocation, whitelist, discounts, and more using on-chain and off-chain criteria about each investor, assembling an organic, die-hard, community of supporters. Each user on Legion is assigned a Legion Score, as well as subcomponent scores and achievements, reflecting their ability to add-value across multiple facets and heavily reducing bot and Sybil activity. These reputation scores change based on how investors support the projects they invest in, disincentivizing short-term, value-extractive type behaviors.
To learn more about Legion and user’s Legion Score:
Contact
Co-founder
Matt O’Connor
Legion
hello@legion.cc
Tortola, British Virgin Islands, August 26th, 2024, Chainwire
Warden, the sovereign AI execution network, announced the alpha release of its new artificial intelligence product – the Artificial Intelligence Blockchain Interface (AIBI).
AIBI brings AI on-chain with an intuitive interface for developers to integrate AI into their applications. Inspired by proof-of-computation and computational pipelines, AIBI allows inference endpoints to create cryptographic proofs that verify that an AI model produced a specific prediction. These proofs are then verified on Wardens’ blockchain through a cutting-edge consensus mechanism, ensuring AI outputs are not just delivered, but can be trusted.
“AIBI is here to bring truth to AI”, said David Pinger, founder and CEO of Warden Labs. “Broken AI infrastructure had disastrous consequences – factually incorrect, unsafe, opaque and at times outright dangerous recommendations. Trust in AI collapsed at a time when it’s becoming deeper and deeper embedded into our daily lives. AIBI provides the infrastructure to stop this.” “We no longer want to rely on AI “hallucinations”, and with ongoing advancements in AIBI we will put an end to them.”
Thanks to the work done by Wardens’ AI team, led by Dr. Michele Dallachiesa, AIBI is poised to become the standard for AI accuracy, explainability and privacy across both web3 and web2—and everything in-between. AIBI introduces a future where every AI decision is backed by cryptographic proof, ensuring that AI-generated predictions are not only accurate but also explainable and secure.
AIBI enables a new class of AI applications. To kickstart this new era, Warden is organizing a series of hackathons throughout Q4 2024, designed to inspire and reward developers who create groundbreaking AI-driven experiences using AIBI. Whether it’s dynamic pricing algorithms, sophisticated matching engines, or personalized recommendation systems, the potential applications are limitless.
“Blockchain infrastructure is the best contender to make AI open”, said Antonio Pitasi, founder and CTO of Warden Labs. “We provide truly open AI infrastructure that allows any protocol, application or platform to use AI in a secure way”.”
About Warden Labs
Since its inception in March 2024, Warden has experienced exponential growth, now processing over one million transactions per month. Warden’s sovereign AI execution engine connects to more than 100 blockchains, enabling any smart contract, protocol, or platform to leverage AI predictions. Warden is set to pioneer a new category of applications at the intersection of AI and web3, while also extending its services to web2 AI use cases.
For more information, users and builders can visit wardenprotocol.org, or can follow on X at @wardenprotocol.
Contact
PR
Andrei S.
Warden Labs Ltd
pr@wardenprotocol.org
Berlin, Germany, August 23rd, 2024, Chainwire
Pepe Unchained (PEPU), a new meme coin project, has raised over $10 million during its presale event.
The project, which is developing a Layer-2 solution on the Ethereum blockchain, has reported significant funding and community interest by promising faster transactions, reduced fees, and staking rewards.
Pepe Unchained Passes $10M Presale Milestone Ahead of Planned DEX Listing
The presale allows early investors to buy the native PEPU token before its public listing. At the time of issuing this PR, PEPU tokens are priced at $0.0092634 each. The presale is has several pricing tiers and tranches with inherent subsequent token price increases as the presale progresses through various stages.
Users can participate in the Pepe Unchained presale using ETH, USDT, BNB, or a credit/debit card, and the only prerequisite is a crypto wallet like MetaMask.
According to Pepe Unchained’s whitepaper, the developers have allocated 20% of the total 8 billion PEPU supply to the presale. There’s no firm date for when the presale will conclude, although the developers do intend to list PEPU on a DEX once it does.
The project team set aside an additional 10% of the PEPU supply for initial DEX liquidity.
Users can stay up to date on the latest Pepe Unchained announcements by joining the project’s Telegram channel.
Pepe Unchained Developing New Layer-2 Network with Staking Rewards
Pepe Unchained’s team is developing a new Layer-2 network, the “Pepe Chain,” targeted solely at meme coin creators and traders.
This network aims to outperform Ethereum with faster speeds, lower fees, and increased transaction capacity. It will also maintain compatibility with the Ethereum ecosystem itself.
The Pepe Chain integrates with PEPU’s staking protocol, which offers passive yields to users who lock up their tokens.
Staking rewards will be paid out over two years and become claimable once PEPU goes live on exchanges. This combination of Layer-2 technology and staking has drawn attention in the crypto community.
Recently, YouTube personality Zach Humphries released a video on PEPU, where he praised the project, noting the development team’s strategy of mixing meme coin elements with practical utility.
About Pepe Unchained
Pepe Unchained is a cryptocurrency project that combines meme coin elements with Layer-2 technology on the Ethereum blockchain. Through its Pepe Chain network, the project aims to offer faster transactions and lower fees, while also providing a staking program for PEPU holders.
Prospective users can visit the Pepe Unchained presale here.
Pepe unchained is the source of this content. This Press Release is for informational purposes only, as crypto and memecoins can be volatile assets. The information does not constitute investment advice or an offer to invest.
Contact
Pepe Unchained
contact@pepeunchained.com
New York City, New York, August 23rd, 2024, Chainwire
PlayFi, an AI-powered data network and blockchain tailored for the live content industry, announces its Genesis Node Sale sold out in under 24 hours. The sale, which took place on August 14, 2024, was a necessity to power its network strength and growth, after seeing over 70K transactions in just one week. The exclusive, small-batch offering consisted of 1,000 nodes priced at $400. The quick sell out signals promise of an eager community and anticipation for PlayFi’s network, which will make its debut on Mainnet in coming months.
While PlayFi’s main node sale will take place later in 2024, the need for the Genesis Node Sale was apparent after the network’s surge in activity. These nodes power PlayFi’s network and are necessary to expand the network’s capacity. Genesis nodes serve as a critical piece to the network infrastructure for AI processing, data management and storage, and to ensure consistency across the entire protocol.
“Selling out our first node sale in under 24 hours was an amazing signal from the community that they believe in our vision and understand the importance of nodes to grow the network,” said Ben Beath, founder of PlayFi. “While this node sale helps kickstart our network, participants are also having a direct impact on the future of live content. We’re thrilled to see that we have supporters who understand and believe in the same mission that PlayFi does to create a more powerful live content ecosystem.”
The success of the Genesis Node Sale not only validates the need for a robust and scalable network but also highlights the community’s strong engagement with PlayFi’s vision. As more nodes come online, the network’s ability to handle high transaction volumes and support complex live content applications will only grow stronger.
PlayFi is the first AI and data platform to enable web3 features to be built on top of live content. The protocol bridges the gap between content and actionable data, with infrastructure that allows studios and creators to seamlessly integrate blockchain primitives on top of games, streams, sports and entertainment content. PlayFi’s proprietary AI models extract data from content in realtime, validating it for authenticity and storing it on a high-availability data-edge network.
Find out more about PlayFi’s nodes at https://www.playfi.ai/nodes and stay up to date with the latest news by following PlayFi on X.
About PlayFi
PlayFi is transforming the live content landscape by seamlessly integrating advanced blockchain technology and AI. Utilizing our secure, scalable zkEVM blockchain, PlayChain, and AI-driven decentralized network, PlayBase, we offer fast transactions, innovative content development, and enhanced live content experiences. PlayFi empowers content creators, developers, node runners, and studios to unlock new revenue streams and build category-defining experiences without compromising core engagement. Adopters include leading content creators and developers aiming to create a richer, web3-enhanced live content environment. Backed by top-tier investors and partners, PlayFi is building a more connected, secure, and vibrant content economy. Learn more: playfi.ai.
Contact
Sr. PR Manager
Leslie Termuhlen
Serotonin
leslie@serotonin.co
Cayman Islands, UK, August 22nd, 2024, Chainwire
Tanssi Foundation announces the expansion of the Tanssi blockchain infrastructure protocol to Ethereum, enabling the rapid launch of decentralized networks—also known as Actively Validated Services (AVSs)—in minutes. This expansion, driven by a strategic collaboration with Symbiotic, a leading permissionless restaking protocol, will allow developers to deploy highly customizable and decentralized networks, leveraging Ethereum’s robust security.
While rollups have been key to scaling Ethereum, they may fall short when strong decentralization, customization, or interoperability are needed. Decentralized networks, or AVSs, build on these strengths by providing a more flexible and versatile approach. Developers gain direct access to Ethereum’s shared security through restaking, backed by over $45 billion worth of ETH. However, networks using restaking security are still a new and complex technology, typically requiring months to launch due to significant infrastructure needs, ongoing management, and resource demands.
Tanssi drastically simplifies this process, reducing launch times from months to minutes and streamlining management, making it easier for builders to deploy and maintain their decentralized networks in a customizable environment. This approach not only eases the development process but also accelerates time to market, allowing projects to reach their users faster.
By leveraging Symbiotic’s restaking protocol, Tanssi enables networks on Ethereum to easily tap into billions of dollars in shared security from staked ETH. This approach enhances decentralization by providing a permissionless network of shared operators for block production, ensuring fast transaction finality and avoiding reliance on a single sequencer.
“Tanssi is providing developers in the Symbiotic ecosystem with an easy-to-use interface to one of the most sophisticated and battle-tested blockchain development stacks. By integrating with Symbiotic’s shared security protocol, projects using Tanssi can tap into Ethereum’s liquidity and launch an appchain with restaking functionality in minutes,” says Felix Lutsch, Head of Ecosystem at Symbiotic.
This collaboration also introduces new possibilities for developers by integrating Substrate’s flexible SDK for complete customization. With Tanssi’s framework, developers can quickly implement AVSs using prebuilt templates and modules, achieving full decentralization without relying on a single sequencer.
Tanssi-based AVSs are blockchain systems that leverage Ethereum’s shared security, enabling developers to create highly customized protocols. This includes application-specific blockchains, alternative VMs, bridges, data availability layers, and more, providing developers with the tools to address use cases that traditional rollup architectures may not effectively serve.
Francisco Agosti, Tanssi Co-founder, says, “Decentralized networks, also known as Actively Validated Services (AVSs), offer new possibilities for applications that don’t fit within the rollup model. Tanssi changes the game by providing a fully customizable, decentralized environment where developers can launch Ethereum-based networks in minutes. We expect Tanssi to catalyze growth in Ethereum’s restaking security market, making decentralization and accessibility easier than ever.”
Supported by investors like Arrington Capital, SNZ, HashKey, Borderless, and Fenbushi, Tanssi has raised $9M to fuel its growth. With over 2,000 application-specific blockchains already deployed on its testnet, Tanssi is set to establish a new standard in the Ethereum ecosystem, with its mainnet launch expected in early 2025.
About Tanssi Network
Tanssi empowers developers to launch decentralized and customizable blockchains in minutes. With essential tools and resources—including shared security through restaking, developer tools like wallets and block explorers, cross-chain integrations, and integral data availability—developers can swiftly bring their projects to market and focus on creating unique user experiences. Tanssi stands out with its rapid deployment, robust security, and seamless integration capabilities, making it the smart choice for forward-thinking blockchain development. Learn more at tanssi.network.
About Symbiotic
Decentralization should not be hard nor optional. Symbiotic is a customizable and immutable shared security protocol designed to help developers innovate faster and safer. Learn more at symbiotic.fi.
Contact
CEO
Thiago Rudiger
Tanssi Foundation
thiago@tanssi.foundation
Singapore, Singapore, August 22nd, 2024, Chainwire
Bitunix, the fastest-growing cryptocurrency derivatives exchange, is committed to providing its users with the highest level of security. As part of its dedication to safeguarding user assets, Bitunix has forged strategic partnerships with industry leaders and implemented comprehensive security measures.
Security through Strategic Partnerships
Understanding that the security of digital assets is important, Bitunix partnered with Cobo, a top-tier digital asset custody provider, in June 2023. This partnership integrates Cobo’s Wallet-as-a-Service (WaaS) into the Bitunix platform, offering users institutional-grade security. Cobo’s custody services are renowned for their efficiency, supporting a vast range of blockchains and tokens, and ensuring that user assets are protected. A key component of this security is Cobo’s use of Multi-Party Computation (MPC) technology. MPC ensures that private keys are never fully reconstructed at any single point, significantly reducing the risk of unauthorized access or hacking. This collaboration showcases Bitunix’s commitment to providing a secure environment where users can trade and manage their assets with confidence.
Bitunix has also teamed up with Nemean Services to boost the protection of user assets. UK-based digital asset security platform Nemean Services operates a backup system of data storage, leveraging the security benefits of the MPC model, in conjunction with its clients and custodians. Nemean is an ISO 27001-certified and SOC 2-compliant platform, specializing in the cold storage, safeguarding, and auditing of private key shares.
The partnership between Bitunix and Nemean Services provides an additional $5 million in insurance coverage, offering peace of mind to the users by ensuring that their assets are protected against unforeseen risks.
Bitunix co-founder Arron Lee shares his vision: “Security is not just a checkbox for us, it’s at the heart of everything we do. We know how important it is for the users to feel safe, and that’s why we are going above and beyond.”
Ongoing Commitment to Security
At Bitunix, security is not just a feature—it is the foundation of the platform. The exchange is constantly investing in and upgrading the security protocols to stay ahead of potential threats. The partnerships with Cobo and Nemean Services are just part of a broader strategy to ensure that Bitunix remains a leader in user security. In addition to existing collaborations, Bitunix is in the process of integrating Fireblocks, a leading provider of secure infrastructure for moving, storing, and issuing digital assets. It uses advanced Multi-Party Computation (MPC) technology to safeguard private keys. The platform is widely used by institutional investors, exchanges, and financial institutions to ensure the highest level of security for digital assets.
Bitunix recognizes that the crypto space is growing daily in user count, and so too are the threats that come with it. This is why Bitunix remains proactive in exploring new technologies and forming alliances with top security providers. Bitunix’s goal is simple: to continue providing a secure, reliable, and user-friendly platform where the users can trade with absolute confidence.
Bitunix’s Growth
Bitunix’s commitment to user security is at the core of everything the crypto exchange does. Through strategic partnerships and dedication to implementing the best security practices, Bitunix ensures that the users’ assets are protected at all times. As Bitunix continues to grow, it will remain vigilant in the pursuit of security excellence, always prioritizing the safety of its users.
About Bitunix
Bitunix is a global crypto derivatives exchange founded in 2021, registered in Seychelles, offering highly secure, and cost-effective trading services to its users. The platform specializes in both crypto spot and perpetual futures trading, boasting more than 250 crypto trading pairs with up to 125x leverage. Bitunix has attracted over 1,000,000 users from 100+ countries.
Website | Twitter | To Register
Contact
COO
KX Wu
Bitunix
kx.wu@bitunix.io