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Panther Protocol Raises $8 Million to Bring Interoperable Privacy to DeFi

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[PRESS RELEASE – Midtown, Gibraltar, 1st June 2021]

Panther Protocol is proud to announce the successful completion of its private sale to the tune of $8 million from over 140 investors. This emphasizes the need for privacy solutions in the DeFi industry.

Panther Protocol is an interoperable privacy solution focused on the needs of decentralized finance traders and investors. Due to the immutable and transparent nature of public blockchains, DeFi users are subject to surveillance and economic espionage. Transactional privacy is in high demand, as it allows retail, whales, and institutional users to protect their competitive advantages by not allowing adversaries to reverse engineer and front-run their strategies. Traders lose their alpha very quickly in DeFi and one of Panther’s strongest value propositions is to help traders protect that alpha.

Panther Protocol allows users to mint fully collateralized private assets called zAssets, private synthetics of any digital asset – think zBTC, zETH and zUSD. Users deposit their digital assets in a vault and receive zAssets in their Panther wallet. Such zAssets can be confidentially routed through the Panther network for use across all of DeFi.

A promising feature of Panther is selective private disclosures, which could be a game changer that solves the privacy and compliance dilemma. In addition to giving the users the ability to go fully private, there will be different levels of disclosures available. One of them, called Zero-knowledge disclosures, allows users to prove compliance without providing any underlying data, taking advantage of Zero Knowledge Proof technology and trust providers, a novel decentralized architecture for privacy and trust, laying the groundwork for institutional players to come into DeFi without having to worry about privacy and compliance, two bottlenecks that stunt institutional exposure to decentralized finance. without having to disclose anything about the transaction itself (sender, receiver, amounts, metadata — all of that remains private).

Panther Protocol CEO and co-founder Oliver Gale states:

“We believe zAssets will become an ever expanding asset class for users who want their transactions and strategies the way they should always have been: private. Stablecoins, utility tokens and NFTs will all become infused with privacy. Institutional DeFi and Web3 require privacy to scale and disrupt legacy systems. Our entire team is thrilled with the overwhelmingly positive response to our value proposition. These successful fundraising rounds allow us to expand a growing team of rockstars in cryptography, technology and product.”

There were more than 140 VCs and ecosystem participants involved in the private rounds, a number that speaks to the breadth of interest in DeFi privacy. Firms from around the world such as Rarestone Capital, Master Ventures, DeepVentures, Moonwhale, Alphabit Fund, Ex Network, MarketAcross, Nextgen, Protocol Ventures, Titans Ventures, Insignious Capital, Kosmos VC, Ellipti, BlockArk, A195 Capital, Aquablock, AU21, Arcanum Capital, LunarStation,DutchCryptoInvestors, EscolaCripto, GenBlock Capital, Defiants, Netzero, Black Dragon, CSP DAO Network, Berezka DAO, Skynet and BaseTwo were some of the early contributors.

Following these successful private rounds, Panther Protocol will offer a Public Sale in Q3. More details regarding the Public Sale will be announced via the official social channels.

About Panther Protocol

Panther Protocol is an end-to-end privacy protocol focused on DeFi. Panther provides DeFi users with fully collateralized, private digital assets (zAssets), leveraging zkSNARKs technology and game theoretic incentives that enable privacy as a service in a compliance friendly manner. Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults and can use their zAssets across all of DeFi.
Its founders are Oliver Gale, serial entrepreneur and CBDC pioneer, and Dr Anish Mohammed, cryptographer and Zero Knowledge Proofs guru, Protocol Architect of various notable projects, early advisor to Ripple and one of the reviewers of the Ethereum Orange Paper.

For more information about Panther, please visit https://pantherprotocol.io/

Follow our updates on social media, https://twitter.com/ZkPanther, https://www.linkedin.com/company/zkpanther/

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Source: https://cryptopotato.com/panther-protocol-raises-8-million-to-bring-interoperable-privacy-to-defi/

Blockchain

Xfinite Announced its Collaboration with Algorand Foundation

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[PRESS RELEASE – BVI, September 22, 2021]

Blockchain platform Xfinite has announced its collaboration with Algorand Foundation, to build trust with public and permissionless infrastructure for a borderless economy. Xfinite and Algorand Foundation both have the mission of building an inclusive ecosystem, improving the way people interact with blockchain solutions.

Algorand Foundation aims to enhance blockchain development by leveraging its protocol and open-source software to reduce the barriers to blockchain adoption. Algorand’s technology gives everyone the opportunity to benefit from a scalable, fast, and trustworthy ecosystem combining a strong collaborative community with technology companies, developers, and users of the platform. Its consensus mechanism is pure proof-of-stake (PPOS), bringing even more security, speed, and sustainability to online transactions. Algorand is a world leader in carbon-negative technology. It also allows users to make payments at lower fees in a fraction of time.

It comes along with Xfinite’s vision to encourage blockchain mass adoption and revolutionize digital media, through innovation using customer experience, data-driven engagement, and ecosystem economics to support community growth. With this major partnership, Xfinite is developing modern and unique use cases running on blockchain technology. Using the technology behind Algorand, Xfinite can support brands and creators, offering a new way to interact with their consumers, whilst the audience is rewarded for consuming high-quality content. The Xfinite Entertainment Token, XET, is designed to reward Xfinite’s users and creators through tokenizing engagement and creating a circular economy.  XET has been listed on MEXC on 15th, September 2021.

Algorand offers features such as Algorand Standard Assets (ASA), a standardized Layer-1 mechanism to represent any kind of asset on Algorand’s blockchain. That means fast, secure, and low-cost operations like never seen before, once they are built directly into Algorand’s Layer-1. Through this robust blockchain, Xfinite reduces common challenges in the market like bad processes, intermediaries, fees, and delays, creating an incredibly efficient platform for users and organizations.

About Xfinite

Xfinite is a blockchain-based platform designed to re-establish trust between consumers, content creators, and publishers. The Xfinite ecosystem helps the media and entertainment industry combat advertising fraud by increasing transparency and creating a new habit of engagement. Xfinite has established various partnerships with global corporations in order to drive innovation and create new use cases for blockchain technology. Recent partnerships include Dailyhunt, SpiceJet, and Eros Now.

About Algorand Foundation

The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open-source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public, and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.

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Source: https://cryptopotato.com/xfinite-announced-its-collaboration-with-algorand-foundation/

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NFTs are Helping to Save the Environment

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In the last decade, there has been a growing awareness of the importance of sustainability, both locally and globally. The current growth in technology has made it possible to do more with less, which has led to the rapid expansion of the global population while at the same time causing unprecedented destruction of our natural resources.

We also have an unprecedented understanding of climate change and its effects on our world. As a result, many people are seeking ways to live more sustainably, both personally and professionally.

Protecting the Rainforest

The Amazon Rainforest is in trouble. In fact, it’s in very big trouble.

In the last few decades, nearly a fifth of the Amazon has been deforested and converted to agricultural land for purposes like soybean farming and cattle ranching. Deforestation is the leading cause of Brazil’s greenhouse gas emissions. Globally, tropical deforestation causes around 20% of annual greenhouse gas emissions.

The rainforest covers 5.5 million square kilometers (2.1 million square miles), or 40% of South America’s area. It stores an estimated 120 billion metric tons of carbon — equivalent to 10 times the carbon humans release into the atmosphere each year. Yet, humanity is still actively destroying one of the keys to life.

Amazon Watch is a leading environmental organization fighting the degradation of the Amazon. This is one of the initiatives supported by Next Earth, the project selling NFT tiles from a digital replica of Earth. With each NFT purchase, 10% is allocated to environmental organizations like Amazon Watch.

Cleaning the Oceans

Our oceans are in crisis. The rapid degradation of the environment is putting marine life in danger, and many experts believe that we may be reaching a point of no return.

As the world’s population grows ever larger and more industrialized, it has put an increasing strain on our natural resources. With over three-quarters of fish stocks fully exploited or over-exploited, and it’s expected that by 2050 there with more plastic than fish in the oceans by weight, there are serious concerns about what this means for the future of our ecosystem.

The solution to this problem is not as simple as banning plastics – although that would certainly help – it will take a major overhaul of how we live our lives to change consumer behavior. But perhaps technology can play a part too?

The Ocean Cleanup is one initiative aiming to remove plastic waste from our oceans. As with Amazon Watch, an allocation of NFT purchases on Next Earth are donated to this environmental group.

Innovative companies like Next Earth have come up with solutions that make us rethink how we consume digital content; from virtual real estate, and soon to land art, which can be bought and sold as NFTs.

These NFTs allow people to express themselves by owning unique assets, rather than just being “branded” users on social media platforms or having their data tracked online. This allows them greater control over how they present themselves online, which has obvious benefits for society beyond just looking cool: freedom from conformity improves mental health.

Ultimately, NFTs are powerful in many ways: As tools for creative self-expression, and also as ways to support your famous environmental initiatives, from cleaning up plastic in the oceans to saving our precious rainforests.

Photo by Shai Pal on Unsplash

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Source: https://www.newsbtc.com/news/company/nfts-are-helping-to-save-the-environment/

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BitcoinOrg Hacked: Giveaway Scam Promising Users to Double Their BTC

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Fake cryptocurrency giveaway scams continue to pop up frequently, and the latest victim is the oldest bitcoin educational resource – BitcoinOrg. As of now, though, the website has been taken down, and the pseudonymous developer operating it has blamed it on Cloudflare.

  • Earlier on September 23rd, users on Twitter outlined that the BitcoinOrg website has an untypical and concerning message on its homepage. It urged visitors to send a certain amount of the primary cryptocurrency and to double their investment.
  • Needless to say, this was most surely another scam, which the community has already grown accustomed to. History shows countless such fraudulent activities that involved some of the most well-known names in and outside the space.
  • Perhaps the most blatant recent one was against Twitter, where the accounts of names like Joe Biden, Barack Obama, Jeff Bezos, and more were hacked to promote similar scams that promised people to double their bitcoins.
  • Despite sounding too good to be true, such frauds still manage to dupe funds from victims, which makes them especially dangerous.
  • As of now, BitcoinOrg has been taken down as it shows a 404 Not Found error. The developer behind the website, going by the Twitter handle Cobra, hinted that this security issue might be an issue with the new website security company as BitcoinOrg “hasn’t been hacked, ever” before it moved to Cloudflare.
  • Interestingly, the CEO of Cloudflare, Matthew Prince, told CNBC earlier this month that cryptocurrency-related websites have become a popular target for cybercriminals.
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Source: https://cryptopotato.com/bitcoinorg-hacked-giveaway-scam-promising-users-to-double-their-btc/

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