Technology Archives - Page 5 of 32

Sarson Funds Employs Blockpass’ KYC for BCH, CSPR Stablecoins

This week sees the announcement that capital management firm Sarson Funds is using Blockpass’ On-Chain KYC(R) solution, alongside Accountable’s on-chain proof-of-reserve validation, to create the most transparent and trusted stablecoins on the Bitcoin Cash (BCH) and Casper (CSPR) blockchains. The asset-backed U.S. dollar stablecoins will exclusively hold Circle’s USDC as collateral which will be held on-chain with a publicly verifiable address.

According to Sarson Funds, placing ‘pre-compliant’ stablecoins on the Bitcoin Cash and Casper Networks will allow those communities to transact confidently knowing that emerging regulations will not interrupt transactions or turn off token availability for US-based customers. Sarson Funds has deep knowledge of the stablecoin marketplace having run a stablecoin portfolio since 2020 and has multiyear relationships with the development teams at Casper Network and Bitcoin Cash. This launch will be Sarson Fund’s first foray into issuing stablecoins, and they cite increasing demand in both ecosystems as the catalyst for the product launch.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users. Currently, with around one million verified user identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to get access to users, including those with unhosted wallets, with reusable digital identity profiles.

“Over the past two years, it has become clear that stablecoins are a vital part of a blockchain’s ecosystem and that not all stablecoins are created equally.” said John Sarson, CEO of Sarson Funds. “Assuming the eventual passage of the Responsible Financial Innovation Act, stablecoins will need to be collateral-backed and will need qualified banking partners. Modern stablecoins need to meet higher standards for compliance, proof-of-reserves and KYC. The days of stablecoin issuers cutting corners and playing dumb are over.”

“We’re very proud to have been selected by Sarson Funds to provide compliance measures for such a significant development.” said Adam Vaziri, Blockpass CEO. “Being a blockchain-agnostic solution allows us to help those who require regulatory solutions on any network and with our goals so aligned to Sarson Funds’ we’re delighted to facilitate the projects on BCH and CSPR.”

Blockpass has grown significantly in size and use since its inception, both in the number and range of users and organizations it has partnered with and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations and legal developments have led to a surge in interest for Blockpass’ On-Chain KYC(R), the only live zero knowledge solution for Crypto KYC, and Unhosted Wallet KYC solution finally enabling blockchains and DeFi platforms to have a compliance layer. Through its work with Animoca Brands from early 2022, Blockpass provides a zero knowledge KYC service where the delivery of the verification result is provably sent and shown on a blockchain without sharing the underlying data. This represents a significant step towards the future Blockpass hopes to bring about where identity verification can be proved without revealing any personal information at all.

About Sarson Funds
Founded in 2017 and located in Indianapolis, Indiana, Sarson Funds, Inc. manages capital for accredited investors and provides institutional crypto market and web3 services. With Wall Street roots, Sarson Funds, Inc. has a reputation for regulatory compliance and investment excellence. Designed as an advisor to the advisor, Sarson Funds has focused on empowering Financial Professionals through education on cryptocurrency and blockchain, a mission which was recently handed off to the Boston-based American Crypto Academy in a January 2023 spinoff.

Website: https://sarsonfunds.com/
American Crypto Academy: https://www.americancryptoacademy.org/

About Blockpass
Blockpass is building trust in the Crypto Economy by providing….

A home for all your Crypto KYC needs – KYC & AML for DeFi, exchanges & blockchains, Travel Rule provision for regulated VASPs, and blockchain forensics.
A decentralized network of around one million crypto enthusiasts with portable KYC profiles and around one thousand business customers.
The fastest, most affordable, fully stacked KYC & AML screening in the Crypto sector.
The first and only KYC & AML “Crypto Travel Rule” solution for unhosted wallets.
An automated end-user support desk that reduces onboarding time and onboarding costs.

In 2021, Blockpass was invited to enter the Cohort 7 of the UK Financial Conduct Authority Sandbox to offer a pilot our solutions for the UK market. Blockpass also introduced the On-Chain KYC(R) solution that enables customers to access zero-knowledge verification of users so they can access provably completed verifications and adhere to standards without seeing the underpinning data. In 2022, Animoca Brands and Yuga Labs utilized On-Chain KYC(R) when they verified over 150,000 users in the $320 million Otherside NFT sale – the largest to date in Crypto sector history. The Blockpass App is available from the App Store and Google Play.

For more information and updates, please visit and sign up to the following:
Website: http://www.blockpass.org
Email: sales@blockpass.org

CIPHER-CORE, INC., Introduced in Bangladesh

Mr. Takatoshi Nakamura CEO, Pres. and Mr. Motoyuki Odachi, COO, Dir. of CIPHER-CORE, Inc., Colorado, USA publicly held company (OTC PINK:CFCI) visited Dhaka, capital of People’s Republic of Bangladesh 6/12/2023-6/17/2023 to discuss using CIPHER-CORE, Inc. internationally patented technology “complete cypher” for Central Bank Digital Currency (CBDC) with the officials of Bank of Bangladesh.

“Daily Business Eye” one of the most influential daily papers in Bangladesh reported 6/18/2023 that a two-member delegation of Japan’s company “Cipher-Core co. Ltd” 100% subsidiary of CIHER-CORE, Inc. USA is now visiting Bangladesh to meet with several officials including Bangladesh Bank (BB), Ministry of Finance and others.

During the discussions, many questions were related to the one and only technology related to “complete cypher” which is not using the ledger system in various financial fields but instead using “complete cypher” that protects even quantum computer attacks. They have made an offer to Bangladesh Bank to introduce the CBDC using their technology. The discussions shall be continued further when visiting Dhaka again 7/28/2023 – 8/01/2023.

During the visit, Mr. Nakamura and Mr. Odachi visited the Japanese Embassy in Bangladesh. Mr. Odachi reported to Ambassador Kiminori Iwama the purpose of their visit to Bangladesh. Mr. Iwama introduced Mr. Tomohide Ichiguchi, the Representative of the Bangladesh office of, Japan International Cooperation Agency (JAICA) to Mr. T. Nakamura and Mr. M. Odachi. JAICA is the agency in charge of administering Japan’s Official Development Aid (ODA).

Mr. Odachi, COO of the company, a former deputy minister of finance of Japan, wants to get JICA’s financial assistance to Bangladesh on this “complete cypher” project for CBDC for the costs being incurred during the development stage as technical cooperation is one of JICA’s three major areas of development assistance, the others being grants and yen loans.

Investor Relations:
Claire Singleton
Tel: 801-580-9928
Email: clairesingleton@aol.com
URL: http://www.cipher-core.com/en

GigaSpace Secures Investment from STEPN’s Creator Find Satoshi Lab & ProDigital Future Fund for Creating a Virtual City for Runners

GigaSpace, a new web3 community metaverse, is pleased to announce a significant milestone in its growth journey with a strategic investment from Find Satoshi Lab, the parent company of the popular web3 lifestyle app STEPN, and ProDigital Future Fund, a leading web3 venture capital fund at the forefront of web3 investments. This investment will serve as the cornerstone for the next strategic round, with a target of raising $3 million this year to accelerate GigaSpace’s expansion plans, including the creation of a STEPN virtual city for the fitness-loving community.

Find Satoshi Lab’s investment in GigaSpace is a testament to the shared vision of revolutionizing the web3 community experience through innovative ideas and forward-thinking solutions. With their deep expertise in the web3 space and their remarkable track record with STEPN, Find Satoshi Lab brings invaluable strategic guidance and resources to fuel GigaSpace’s growth and market presence.

“We’re thrilled to announce our strategic partnerships with Find Satoshi Lab and ProDigital Future Fund. With their invaluable resources and thriving community, we are excited to unlock new opportunities and provide exciting events and utilities for fitness enthusiasts within the GigaSpace ecosystem. Stay tuned for the incredible journey ahead!” says M, co-founder of GigaSpace.

GigaSpace is a shared metaverse with social and game elements that bring together web3 communities, providing a lively social environment for individuals to connect and interact. By empowering communities to build within the metaverse, GigaSpace encourages community engagement and facilitates the exploration of novel use cases for NFTs and tokens.

The funds from this strategic investment will fuel the development of STEPN City, a sports-themed virtual world that offers a wide range of facilities and spaces. Within STEPN City, users will find features like the STEPN Maze, STEPN Community Center, STEPN Mall, and STEPN Tower. These environments allow users to not only purchase merchandise but also organize community events and engage with each other in meaningful ways.

“We at Find Satoshi Lab are extremely excited about this opportunity to strategically invest in Gigaspace and grow alongside with the dedicated team that will be building a lot of event space for our ecosystem. This marks the potential unleash of all you can imagine about recreational activities and hang-outs in the “metaverse”. We are particularly thrilled for the synergy it can bring for MOOAR and STEPN via working with Gigaspace,” says Mable Jiang, Chief Revenue Officer of Find Satoshi Lab.

In collaboration with Find Satoshi Lab, Prodigital Future will spearhead the upcoming strategic investment round for GigaSpace, aiming to expedite the company’s expansion plans.

“We are delighted to be early believers in GigaSpace and are committed to supporting its future endeavors. Like STEPN, we recognize the team’s passion for gaming and their ability to leverage their expertise in the web3 space to create market-fit applications and experience rapid growth. Last year, while assisting STEPN in establishing its presence in Hong Kong, we had the opportunity to introduce the GigaSpace team to Find Satoshi Lab. Now, we are thrilled to join forces with Find Satoshi Lab in this investment venture. This is just the beginning of an exciting and promising future,” said Curt Shi, Founding Partner of ProDigital Future Fund and an early investor in STEPN.

About GigaSpace
GigaSpace is creating a collaborative and expansive metaverse that unites all web3 communities under a single celestial sky. By providing robust infrastructure and utilities, it empowers communities and projects to seamlessly integrate with its virtual world, saving time and resources while fostering innovation and exploration. For additional information, visit: https://www.gigaspace.io/

About Find Satoshi Lab
Founded in 2021, Find Satoshi Lab (FSL) is a gaming and development studio connecting players to Web3. FSL’s mission is to educate and introduce individuals to Web3, while encouraging healthy living, and combating climate change. FSL brands include STEPN, MOOAR, and DOOAR. For additional information on Find Satoshi Lab, visit: http://findsatoshilab.com/

About Prodigital Future Fund
ProDigital Future Fund is a Web3 venture fund led by Ben Ng, a venture partner at an Asian private equity firm called SAIF Partners, and Curt Shi, a long-time tech investor in Web3 space. ProDigital Future Fund’s investment strategy is to target early-stage and developing ventures, mostly Chinese-connected tech companies that are transitioning into emerging technologies such as Web3. For additional information on ProDigital Future Fund, visit: http://www.prodigitalfund.com/

GBA Business Confidence Index eases to the 50 neutral mark

Survey reveals recovery momentum intact

Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today released the Standard Chartered GBA Business Confidence Index (GBAI) for the second quarter of this year. The current performance of “business confidence” eased to the 50 neutral mark while the expectations index remained in the expansionary territory (58.7), the second-highest reading in two years. The headline expectations index for credit also remained expansionary at 51.6, reflecting sanguine underlying growth expectations among companies in the region. Both expectations and credit indices point to further recovery in the third quarter.

Resilient investment appetite
The softer Q2 GBAI readings were expected considering the strong first-quarter GBAI performance brought by Mainland China’s swift post-COVID sentiment rebound. The performance of underlying sub-indices was more diverse this quarter after a more uniform increase in Q1. Fixed Asset Investment had the highest score of 52.9 among components, suggesting that respondents remained optimistic towards the longer-term GBA business outlook, by acknowledging the need to invest in capacity expansion in anticipation of further demand normalisation.

Industry sub-indices vary
The current performance index for Professional Services rose 4.0 points to an industry-best 56.1. The sector’s expectations index also outperformed by being the lone print above 60 (61.9). The current performance and expectations index of Financial Services and Innovation and Technology saw the largest quarter-to-quarter drops among sectors. Financial respondents’ sentiment was driven by margin pressures and credit worries amid an easing recovery momentum while the tech sector continues to face many headwinds, led by the ongoing global semiconductor downcycle.

China on modest recovery path
“The dip in the index in Q2 reflects the normalisation of base effects, softening of nationwide macro data quarter-to-date, and the novelty of reopening was bound to wear off. However, the index did not fall back into contractionary territory, suggesting only a softening of the recovery momentum. Given that GBA is a microcosm of Mainland China’s diverse economic drivers making it a bellwether for overall growth, we see the mainland managing to stay on a modest recovery path,” said Mr Kelvin Lau, Senior Economist, Greater China, Standard Chartered.

More diverse performance among GBA cities
There was a more diverse city performance among the current performance sub-indices. Most notably, Shenzhen (from 51.5 to 51.9) and Dongguan (from 53.5 to 56.4) showed their second consecutive improvement while other city sub-indices fell. Shenzhen weathered weaker responses from its tech respondents by posting the highest manufacturing and trading score among all city sub-indices. Guangzhou and Hong Kong, the other two GBA core cities, outperformed Shenzhen across the other four industry sub-indices.

Sustained recovery momentum in the coming quarters
Ms Irina Fan, Director of Research at the HKTDC, said: “We continue to take comfort from the fact that all city expectations indices stood comfortably in the 50+ expansionary territory, consistent with our view of a sustained recovery momentum in the coming quarters. That includes Hong Kong, which, despite returning to the lowest score of the pack, still managed to record a solid 54.7 expectations print (led by retail and professional services), making it two straight quarters of expansion.”

Overseas global supply chain migration yet to happen
Although there has been a lot of discussion about global supply chain shifts in the market, 91% of survey respondents said they have not moved any capacity overseas, and 87% reported no plans to do so for now. The survey found the biggest hurdles and concerns for relocating production capacity overseas are “cost of production higher than expected” topped the list at 34.6%, followed by “poor labour quality and productivity” at 29.9%, and “lack of good suppliers / proximity to suppliers” at 22.8%.

Related materials
– Standard Chartered GBA Business Confidence Index Report: https://www.sc.com/hk/gba/gba-index-report/
– HKTDC Research: https://research.hktdc.com/en/article/MTQxNzI2NzQ2MA

About Standard Chartered
We are a leading international banking group, with a presence in 57 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR’s three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004, and now operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media enquiries
Corporate Affairs Department
Standard Chartered Bank (Hong Kong) Limited
Sharon Cheung, Tel: +852 3843 0144, Email: Sharonps.cheung@sc.com

Communications & Public Affairs Dept
Hong Kong Trade Development Council
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

Rollux, a Novel EVM Layer-2 Backed by Bitcoin, Goes Live

SYS Labs Launches Rollux, Solving Ethereum’s Challenges with Bitcoin’s Strengths, and Ushering in a Comprehensive Ecosystem

SYS Labs, a Web3 product suite powered by Syscoin, has announced the launch of Rollux, an innovative EVM Layer-2 solution. Rollux is designed to optimize the performance of Ethereum network applications by harnessing the strength of Bitcoin, presenting a unique approach to scaling Ethereum that distinguishes SYS Labs from its competitors.

Rollux is the inaugural product in a line of advanced solutions introduced by SYS Labs. As part of a comprehensive ecosystem, it leverages the capabilities of SuperDapp, an AI-enhanced Web3 social platform, complete with essential chat features, a built-in non-custodial wallet for seamless asset management, and tailored versions for both mobile and web platforms. This integration of AI and blockchain technologies, fortified with end-to-end encryption, signifies a considerable leap in the evolution of the industry.

The ecosystem also incorporates Pegasys DeFi exchange and AMM, Luxy NFT Platform, Pali Wallet (web & mobile), DAOSYS, and Camada, a noncustodial, regulatory-compliant crypto trading platform to accelerate mainstream investments and self-custody. In a strategic move, SYS Labs has formed alliances with multiple teams also launching their products on Rollux, further driving the development of a robust ecosystem that aligns closely with the Ethereum mainnet.

Jagdeep Sidhu, CEO of SYS Labs, articulated the profound implications of Rollux, asserting, “Rollux is the embodiment of our shared vision and unwavering commitment. We’re delivering on our promise of speed, decentralization, security, affordability, and scalability – the core pillars of blockchain technology that we always believed were vital for fostering mass adoption.”

Rollux sets a new industry standard as the highest-performing EVM-rollup solution, offering unparalleled speed, scalability, and affordability. It provides the fastest speeds, highest throughput at scale, and the most affordable user experience with the lowest transaction fees, all while maintaining high levels of decentralization and security through merged mining with Bitcoin – the only major rollup to implement this strategy.

The introduction of Rollux is a monumental event for the broader blockchain industry. It addresses the enduring blockchain trilemma, fueling optimism for the future and facilitating mass adoption while upholding the fundamental principles that originally imbued blockchain with value.

About Rollux

Built by SYS Labs, powered by Syscoin, and fueled by its utility token, $SYS. Rollux is an EVM-equivalent optimistic rollup that inherits the security of Bitcoin’s mining network and Syscoin’s Layer 1 finality and data availability. Rollux functions as Syscoin’s Layer 2 to help provide the unprecedented scalability necessary for an exponential increase of potential use cases, and sets the stage for realizing mass adoption. Rollux offers what no one else does: unmitigated security, speed, decentralization, and affordability.

Website https://rollux.com/ | Syscoin’s Website https://syscoin.org/ | Twitter https://twitter.com/RolluxL2 | Discord https://discord.com/invite/rollux

About SYS Labs

SYS Labs is a unicorn of unicorns, building the fundamental layers of true Web3, and connecting users, dApps, and assets to create seamless flows between ecosystems. SYS Labs creates the infrastructure, dApps, and tools necessary to meet the needs and desires of a global population, all backed by Bitcoin’s security and enhanced by Syscoin’s finality and groundbreaking L1 data availability solution, PoDA.

Website https://syslabs.com/ | Medium https://medium.com/@SYSLabsOfficial | Twitter https://twitter.com/SYSLabsOfficial

Press Contact:
Dylan Stewart
Email: dylan@syslabs.com
Telegram: @xKintsugy
PR: info@cryptoshib.com

SourceLess Brings Its Vision to ICT Spring 2023 Global Tech Conference

SourceLess, a groundbreaking technology company, announces its participation at the prestigious ICT Spring 2023 Global Tech Conference, where founder and CEO Alexandru Stratulat will be a featured speaker. The event is scheduled for June 29-30 in Luxembourg. This participation reflects SourceLess’ commitment to sharing its groundbreaking ideas and insights with the global tech community at this renowned event.

ICT Spring is an acclaimed event within the global tech community that sparks collaboration and innovation between business leaders, innovation managers, startups, researchers, and venture capitalists. The conference is a notable event in Luxembourg’s calendar and is highly regarded for fostering discussions on critical topics such as sustainability, finance & technology, cyber & quantum computing, big data & cloud, health technologies, Web3, and AI.

Alexandru Stratulat, a seasoned blockchain architect and the creator of the SourceLess platform will participate in a round table discussion titled “How AI will disrupt businesses and society in the years to come?”, scheduled for June 30 at 15:05.

Stratulat’s in-depth knowledge and understanding of blockchain technology and AI & Machine Learning will offer unique insights into how these technologies can bring about radical changes both in the business landscape and also in society. The company’s slogan: “Connecting every human and ever existing blockchain” is an indication of its commitment to breaking down barriers in technology, fostering universal connectivity, affordability and facilitating the seamless integration of humans and blockchain systems.

SourceLess has embarked on an extraordinary journey to revolutionize the digital realm, and its accomplishments thus far have been nothing short of remarkable. SourceLess has successfully implemented its patented technology in the alpha version, achieving an astonishing feat of writing a block of information in a mere 8 to 10 seconds, surpassing the 12-second mark of a renowned blockchain version 2.0. In a mere two months, with the installation of just 103 SourceLess validator nodes, the same volume of information can now be written in less than a second, establishing SourceLess as the fastest blockchain worldwide. This breakthrough redefines the concept of “Transactions Per Second” to “Transactions Per Millisecond,” exemplifying infinite scalability and unrivaled speed.

Ownership in this ecosystem is lifelong, ensuring that the rules of the game cannot be changed midway. It provides a new world, a native web3, which is poised to solve the issues prevalent in the current web2.

SourceLess is eager to contribute to the dialogue about the future of technology and innovation at ICT Spring 2023 and lay on the table concrete solutions for business operations, enhanced customer experience and sustainable growth.

Contact Information:
Iulian Bondari
Head of Marketing
iulian@sourceless.io
+40736595004

Piers Dunhill and Dunhill Ventures Featured at World Economic Forum, Le Marche International des Professionnels de L’immobilier

On Jan. 8, 2023, Dunhill Ventures, a world leader in diversified investments, held a landmark event at this year’s World Economic Forum (WEF) in Davos, showcasing a portfolio of companies from industries as diverse as impact investing, blockchain, fintech, and environmental, social and governance (ESG). Piers Dunhill and the Dunhill Ventures Team took the opportunity to foster dynamic conversations about future innovations in these sectors.

The World Economic Forum, held annually in Davos, is a renowned platform for global leaders from business, government, and various sectors to collaborate on issues of international concern. This year, the event focused on exploring solutions to complex global challenges and fostered an environment of strategic foresight.

Piers and the Dunhill Ventures Team seized the opportunity to convene meetings and panel discussions during this period with portfolio companies, leaders, and family office investors at a private chalet. The discussions encouraged the exchange of ideas and fostered mastermind sessions on how to scale impact in the world and promote innovation in industries. The members discussed advances in blockchain technology, discussions around ethical and impact investing, and exploring the innovations shaping the fintech and ESG sectors.

When asked about Dunhill Ventures’ efforts within this forum, Piers commented, “Dunhill Ventures recognizes the power of collaboration and networking, and the WEF is an optimal platform for this.” The event was a testament to Dunhill Ventures’ commitment to aligning with the WEF’s ethos of improving the state of the world through multi-stakeholder cooperation. Dunhill’s initiatives are to provide its portfolio companies with high-impact networking opportunities, enhance their potential and contribute towards a global impact. “We can engage with leading industry figures, share insights, and work collaboratively towards creating a better future for all. It’s about bringing our portfolio companies into conversations that matter.”

Later on March 16, 2023, Piers Dunhill and the Dunhill Ventures Team hosted the Dunhill Real Estate Investor Reception in the French Riviera from 6 p.m. to 8 p.m. at the prestigious Le Marche International des Professionnels de L’immobilier (“MIPIM”) conference. The reception was open to High Net Worth Individuals and Partner Family Offices. The discussion topics with the attendees were Piers’ envisaged UK Tier 2 affordable housing real estate project and the planned, structured investments in those housing projects.

When asked about plans for the family office environment, investment portfolio, and the efforts of the Dunhill Ventures Team, Piers highlighted that Dunhill Ventures would be hosting an exclusive “Raising Impact” event on June 27, in London, for over 100 curated impact-focused family offices that include some of the big names on the Sunday Times rich list. Piers said, “The event will feature eight selected companies that will be receiving investment from Dunhill Ventures and are in a range of businesses from clean energy to distributive education technology, preventative medicine, and a sustainable alternative to Bitcoin.” Piers says this will be the first of roughly 20 events globally throughout the next 12 – 18 months for one of his upcoming TV shows.

Contact Information

Piers Dunhill
Chairman at Dunhill Ventures
piersdunhillpress@gmail.com
44 7537 133088

SourceLess and Top Industry Leaders to Chart the Future of Digitalization

SourceLess, a leading technology company, is set to participate in the highly anticipated Financial Intelligence event, where Alexandru Nichita, the Chief Operating Officer of SourceLess, will deliver a keynote speech on the digitalization of Romania. With a vast experience in the field of cybersecurity and a deep understanding of the entire technological spectrum, SourceLess aims to revolutionize the digital landscape of Romania and beyond.

“Education, Technology & Innovation” reflects the company’s commitment to leveraging technology to drive innovation and improve the quality of life. SourceLess positions itself as a technology company first and foremost, with a focus on innovation. At the helm of the organization is Alexandru Stratulat, the founder and architect of the entire ecosystem.

SourceLess and Industry Leaders to Chart the Future of Digitalization Alexandru Nichita, the Chief Operating Officer of SourceLess

One of the groundbreaking technologies SourceLess presents is Blockchain, but not just any blockchain. SourceLess introduces a new and unparalleled approach to Blockchain technology, emphasizing simplicity, transparency, speed, and instantaneity. The ecosystem created by SourceLess is complete and complex, offering a feeless environment where users can remain anonymous while still being accountable.

SourceLess emphasizes that blockchain should be seen as a service and a utility that takes precedence over quick financial gains. In a market flooded with speculative practices, it is crucial to differentiate between the Capital Market and the Cryptocurrency Market, with the only real difference being the presence of regulations. SourceLess recognizes the need for a healthy ecosystem built on real utility, catering to the ever-growing adoption of this emerging market.

SourceLess has already achieved remarkable milestones in its journey towards revolutionizing the digital world. Since December of last year, SourceLess has been running its patented technology in the alpha version, writing a block of information in an astonishing 8 to 10 seconds compared to the 12 seconds of a well-known blockchain version 2.0. In just two months, with the installation of only 103 SourceLess validator nodes, the same amount of information is now written in less than a second. This achievement solidifies SourceLess as the fastest blockchain in the world, redefines the term “Transactions Per Second” to “Transactions Per Millisecond,” and demonstrates infinite scalability.

SourceLess’s ecosystem comprises several components. From a technical perspective, it begins with a blockchain built from scratch with over 32,000 files for encryption. A new programming language called ARES facilitates interaction with this blockchain, while DLT (Distributed Ledger Technology) enables almost instant data transmission. Zero Knowledge serves as the validation level, and Str.domains act as unique identifiers. Together, these components enable SourceLess to offer a feeless ecosystem.

Ownership in this ecosystem is lifelong, ensuring that the rules of the game cannot be changed midway. It provides a new world, a native web3, which is poised to solve the issues prevalent in the current web2.

Contact Information
Iulian Bondari
Head of Marketing
iulian@sourceless.io
+40736595004

Insurtech Start-Up Breach Launches Carrier, Raises Investment Round Led by RW3 and LightShed Ventures

Breach, an insurtech start-up that is building insurance technology and products for the growing cryptocurrency market, has been approved by the Bermuda Monetary Authority (BMA) to launch a new class IIGB insurer. Breach was created with a mission to make crypto safer by creating net new insurance capacity and innovative insurance products. Today’s announcement is a foundational block in Breach’s missions to build a healthier ecosystem for all stakeholders.

The new carrier will allow Breach to underwrite emerging crypto risks as a primary insurer, with a key focus on the development of bespoke embedded products tailor made for crypto native technologies. There is a significant underwriting and actuarial gap for custom insurance solutions that the company is solving for with its expanded offering. The new offerings will be available through Breach’s proprietary insurtech platform via simple APIs that can help partners embed regulated insurance into their technology in a few weeks instead of several months.

The IIGB license is a special innovation class license designed for underwriting crypto risks. With the full-stack carrier, Breach has obtained regulatory authority to operate natively in both crypto and fiat with the ability to denominate policies, receive payments, and pay claims all in crypto. These capabilities are unique as only a handful of insurers currently have the license and also important to the crypto space as risks can now be underwritten natively in the same asset.

In support of Breach’s expansion as a global insurer, the company also raised a fresh round of funding led by RW3 and LightShed Ventures, with participation from Raptor, Foundation Capital, Road Capital, Republic Capital, and Alumni Ventures. The capital raised will be used to launch the new Bermuda insurance carrier and to continue growing its countrywide licensed MGA in the US. Breach is also expanding its proprietary insurtech platform for use with upcoming commercial-grade products.

Joe Bruzzesi, General Partner at RW3 and ex-BitGo head of Americas, was the deal lead for RW3 in the round. “As an investor and entrepreneur with more than six years of experience in the crypto industry, I have observed a growing demand for insurance. In my past role, where I helped develop one of the leading crypto custodians, I saw firsthand the imbalance between the supply and demand for insurance. I am confident that the Breach team has the necessary combination of experience and innovation to address one of the industry’s most significant challenges, and I am thrilled to support their mission,” said Joe Bruzzesi.

“The crypto industry has been grappling with rising regulatory scrutiny while looking for ways to gain credibility with both investors and the public. We view insurance as one of the first steps in professionalizing and safeguarding the industry, and we believe the Breach team has the experience, approach, and timing to the market to bring effective coverage to both individuals and businesses,” said LightShed Ventures General Partner/Co-Founder, Jamie Seltzer.

Breach is an insurtech with an exclusive focus on crypto risks. Although unregulated decentralized insurance protocols have gained popularity in the crypto space, Breach has instead placed an emphasis on developing creative and regulated insurance solutions by utilizing their deep crypto and insurance industry expertise.

Breach CEO, Eyhab Aejaz, said in a statement: “The launch of our insurance carrier is a major milestone not only for Breach, but also the crypto industry. With the capability to iterate on products, pricing, and the delivery of our products, we aim to unlock significant potential that the crypto market has been held back from.

I am ecstatic to have tier-one investors join our cap table as they have immediately jumped in and rolled up their sleeves to support us in our mission to bring scalable, regulated insurance to the crypto industry. Over the last two years we have continued to build on our underwriting capabilities and have drastically expanded our proprietary, best-in-class crypto hack event database, which will help us further refine pricing and further develop our modeling.”

For more information on Breach and its industry-leading services, visit https://breachinsured.com.

Contact Information:
JJ Nelson
Public Relations Lead
jnelson@interknow.com
3106258816

Following a Market Data Breach, NOW Wallet Implements Robust Security Measures

Leading the Way in Crypto Security, NOW Wallet Introduces Unparalleled Protection and User-Friendly Features

NOW Wallet introduces significant updates in response to recent data breaches within the cryptocurrency market. The non-custodial wallet combines unmatched security measures with user-friendly features.

NOW Wallet
NOW Wallet iPhone

NOW Wallet announces an upcoming crucial update that will bring a new era of privacy-focused features to the community. Does it sound like an alpha release? Let us delve deeper into NOW Wallet and explore the details of this highly anticipated update.

NOW Wallet: Unrivaled Security for Your Crypto Assets

The team has implemented robust security measures for NOW Wallet to ensure the utmost protection of digital assets:

Full Control of Private Keys: NOW Wallet is a non-custodial wallet, giving you full control over your private keys and minimizing the risk of hacks or unauthorized access.
Biometric Encryption: Utilizing biometric data such as fingerprint or facial recognition, NOW Wallet adds an extra layer of protection against potential threats.
Pin-Code Protection: NOW Wallet offers pin-code protection, allowing only authorized individuals with the correct pin code to access your wallet.
Encrypted Backups: NOW Wallet provides encrypted backups, safeguarding your wallet’s data in case of device loss or damage.
Seamless Transition from Other Wallets: NOW Wallet enables a smooth and secure transfer of funds from any existing crypto wallet.
Regular Updates and Patches: NOW Wallet delivers the latest security updates and patches to ensure the safety and security of your cryptocurrency holdings.

The Future of NOW Wallet Security

NOW Wallet is at the forefront of wallet security innovation, preparing to unveil two major updates that will redefine the standards for wallet protection. These updates will push the boundaries of safeguarding digital assets, introducing revolutionary technologies and advancements.

Details of these updates are currently under wraps, but NOW Wallet’s dedication to user protection and staying ahead of emerging security threats ensures an ongoing commitment to your financial safety. The anticipation surrounding these updates is palpable, as the crypto community eagerly awaits the unveiling of these game-changing features.

As the countdown begins, stay tuned for the legendary updates that will elevate the standards of wallet security.

About NOW Wallet

NOW Wallet, developed by ChangeNOW, is a fast and secure non-custodial crypto wallet app. It offers instant exchanges, supports 40+ blockchains, and over 500 cryptocurrencies. As part of the NOW Solutions ecosystem, it contributes to empowering businesses by integrating cryptocurrencies and harnessing their advantages. NOW Solutions is an ecosystem of crypto-focused solutions, empowering businesses and individuals with a comprehensive ecosystem that integrates cryptocurrencies seamlessly. It includes NOWPayments, ChangeNOW, NOWCustody, NOW Wallet, and NOWNodes.

Contact Information

Paul Granqvist
NOW Wallet Lead Marketing Manager
partners@walletnow.app

SOURCE: NOW Wallet

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