Blockaid Secures $33M in Funding to Fix 'Oopsie-Daisy Web3' Blockchain Security Blunders
Blockaid Secures $33M in Funding to Fix 'Oopsie-Daisy Web3' Blockchain Security Blunders$LUCKNOW (CoinChapter.com) - Blockaid, MetaMask security partner and Israel-based Web3 security startup, has raised $33 million in two funding rounds.The initial seed round secured $6 million in investment, followed by $27 million in Series A funding. The firm will use this fund to enhance the company's technology to prevent malicious activities and improve a "broken Web3" ecosystem.Blockaid's Series A funding round got support from leading industry venture capital firms such as Ribbit Capital and early-stage VC firm Variant. Additional backing came from prominent entities such as Sequoia Capital, Cvherstarts and Grevlock PartnersBlockaid's announcement on Oct. 23 revealed that its security platform is emerging from stealth mode. Its inaugural customers include some leading names such as MetaMask, the OpenSea marketplace, Rainbow wallet, and Zerion wallet.Bolstering Web3 SecurityBack in April 2023, MetaMask collaborated with Blockaid and OpenSea to enable an experimental feature that warns users of "known scams."The firm will use the latest funding to furtherCoinChapterThe firm will use the latest funding to further scale its blockchain security against hacking and scams. Blockaid was Co-founded by two alumni of Israel's Cyber Intelligence Unit 8200 in 2022. It is designed to be compatible with any blockchain network.Blockaid can detect malicious decentralized applications and fully simulate off-chain signatures (EIP-712s)."We simulate and validate blockchain transactions before they are executed. Our dApp [decentralized application] Scanning Engine fully simulates all possible user interactions on any dApp. It does this through our dApp Scanning Sandbox, which validates whether the interactions - and the dApp itself - are malicious,"Ben-Natan said.Blockaid Helped MetamaskBlockaid protects users from fraud, phishing, and hacks. The security platform scanned 450 million transactions in the past three months. It thwarted 1.3 million malicious transactions and protected $500 million in user funds that would have otherwise fallen victim.Dror Avieli, the managing director at Consensys, noted that Blockaid has been a driving force behind reducing fund loss incidents within MetaMask.Avieli said:"Blockaid has pushed our team to heights didn't know possible and continues to enable us to make users more secure than they have
THORSwap Resumes Trading with Updated Terms, Related Token Value Soars
THORSwap Resumes Trading with Updated Terms, Related Token Value Soars2023-10-13 10:38FollowThis article has been republished with permission from Binance News.According to The BlockBeats: On October 13, THORSwap—a cross-chain DEX aggregator rooted in THORChain—announced that it has resumed trading on its platform. The trading platform's comeback follows its previous suspension in response to allegations of unlawful fund flow linked to the November 2022 FTX breach.To counter such risks and ensure compliance, THORSwap has introduced additional protective measures intended to prevent illegitimate inflow of funds. In line with this, THORSwap has also updated its terms of service, barring users from countries that fall under U.S. sanctions.Despite the previous setback, the platform's revival has been embraced positively by the market. THORChain's native token, RUNE, and THORSwap's governance token, THOR, have recorded a significant upsurge in their value. In the past 24 hours, both tokens have observed an approximate 10% increase, reflecting the market's optimistic response to THORSwap's resurgence and the comprehensive measures undertaken to strengthen its platform security.
NOVEMBER IS WHEN RIPPLE/XRP CHANGES OUR LIVES FOREVER | CRYPTO BULLRUN TO GO FROM NOV-APRIL '24
The cryptocurrency world is buzzing with anticipation as November 2023 approaches, and the Ripple (XRP) community stands poised for a transformation that could change lives forever. This article delves into the exciting prospects of the forthcoming bull run that is expected to surge through November and continue into April 2024. It also highlights key factors driving XRP's potential rise, including BlackRock's influence, Ripple's innovative projects, developments in March 2023, and a closer look at how Ripple is positioned for success. BlackRock's Stealthy Entry One of the key elements poised to drive Ripple (XRP) to new heights is the subtle yet potent entry of BlackRock into the cryptocurrency market. The world's largest asset manager has been quietly exploring digital assets, signaling institutional interest in the sector. As BlackRock and other institutional giants increase their engagement with cryptocurrencies, the ripple effect on XRP's adoption and value becomes evident. Ripple's Innovative Projects Ripple, known for its commitment to solving real-world financial challenges, has a plethora of innovative projects in its arsenal. From RippleNet and ODL (On-Demand Liquidity) to the tantalizing potential of XRP Ledger, the company continues to innovate in the world of cross-border payments. These initiatives not only drive adoption but also foster trust among financial institutions, positioning XRP as a reliable asset for global transactions. The March 2023 Milestone March 2023 was a significant turning point for the crypto community. The introduction of the ISO 20022 standard and developments in the world of cross-border payments heralded a new era of efficiency and speed. XRP, designed for seamless, swift transactions, is well-equipped to align with these global standards, further enhancing its appeal to financial institutions and investors alike. XRP's Path to Prosperity Why and how will Ripple's XRP go up? The answer lies in its unique utility. XRP's primary function as a bridge currency for cross-border payments has the potential to revolutionize international transactions. As adoption and regulatory clarity increase, XRP stands to benefit from the growing demand for swift, cost-effective, and transparent global payments. The realization of its use case will be a driving force behind XRP's ascent, making it an indispensable asset in the cryptocurrency landscape and beyond. Conclusion November 2023 represents a period of heightened anticipation and transformative potential in the cryptocurrency world. The Ripple (XRP) community is gearing up for what could be a monumental bull run, poised to extend from November into April 2024. The world of digital currencies is on the cusp of revolutionary changes, and those who stay tuned are set to reap the benefits of this exciting journey. With institutions like BlackRock's involvement, Ripple's innovative projects, March 2023 developments, and the inherent value of XRP, the path to prosperity looks brighter than ever for XRP holders and the broader crypto community. #XRP #crypto2023
🔥INCREDIBLE🔥 Starbucks sells tokenized lattes 😱 This is a commemorative action for the 20th anniversary of the Pumpkin Spice Latte. To consider: ✅ On October 10, the works of art linked to these will be revealed #NFT ✅ Each token gives points to its buyer, who can use them in the "metaverse" of #Starbucks Starbucks, the popular coffee chain born in the United States, has launched a new collection of non-fungible tokens (NFT) based on its Pumpkin Space Latte product. These are 4 varieties of tokens that represent the qualities of the drinks: spiced, whipped, iced and steamed. Each NFT is sold through an open edition. This means there is no emission limit. Between October 5 and 9—the time the sale will be open—anyone who pays for one of these digital collectibles will be issued an NFT. The price of each unit is $20 and, to purchase them, you must previously register on Starbucks Odyssey, the company's rewards platform on the web3. Each person can purchase up to 4 NFTs from this collection and the designs will only be revealed on October 10, so it is not yet known what artwork accompanies each token. Purchases can be made by credit card and ether (ETH, #criptomoneda , #Ethereum ), among other options. We will be waiting for the news that Starbucks brings us. Source: CriptoNoticias