Blockchain Company ConsenSys Invests $6.5 Million from DrumG Technologies 2456

DrumG Technologies, a financial technology company focused on building and operating next generation enterprise distributed ledger-based applications for the regulated global financial services industry, today announces a $6.5-million Series A minority investment from global blockchain company ConsenSys. ConsenSys is the sole investor in this funding round and ConsenSys Founder and its CEO Joseph Lubin will serve on the DrumG Technologies Board of Directors.

Tim Grant, CEO of DrumG, said, “We are delighted to welcome an industry luminary in the form of Joe Lubin onto our Board of Directors and to have the opportunity to engage with the significant group of professionals and global resources that make up ConsenSys. We are also excited to enter the marketplace with our unique ledger appropriate positioning and to play a significant role in driving towards the generation of true business value via the deployment of enterprise blockchain networks.”

Joseph Lubin, Co-Founder of Ethereum and Founder and CEO of ConsenSys, said, “We are excited to partner with DrumG Technologies as a strategic investor and as a part of our broad portfolio of activity in the enterprise distributed ledger space. The team’s proven experience in delivering enterprise solutions to regulated capital markets, combined with its deep knowledge of the blockchain technologies makes it a valuable part of the ConsenSys global financial services offering.”

DrumG operates according to a “ledger appropriate” philosophy, meaning the company collaborates with its network of founder institutions to assess the relative merits of 10+ enterprise grade DLT protocols and executes a highly rigorous evaluation framework to inform final platform selection. This approach allows DrumG to chart a path of interoperability between blockchain platforms and business networks. Ultimately, DrumG believes the ability to connect blockchain networks will be critical to advancing the shared knowledge states between enterprises and uncover new forms of collaborative opportunity for its clients. DrumG will focus the build of its initial applications on Ethereum Enterprise and R3’s Corda Enterprise, two of the world’s leading enterprise blockchain platforms.

A global startup, DrumG Technologies employs 20 experienced professionals across its offices in New York, London, Singapore and Bermuda. The team’s experience combines decades of leadership in institutional financial services and technology firms such as UBS Investment Bank, Barclays, J.P. Morgan, Bloomberg, IBM, PwC, Microsoft, Thomson Reuters, UBS O’Connor, Millennium Management, GETCO and Pivotal, while several members, including the founding team, held management positions at R3.

“We have seen tremendous evolution of enterprise blockchain platforms in this space over the last three years and the level of sophistication and preparedness within the financial services community has also increased,” added Mr Grant.“However, there is still work to do to get to functioning systems in production. We believe in delivering solutions that generate true business value on a timeline measured in months rather than years, which requires a radically pragmatic focus on deployment, a deep understanding of financial markets from both a business and technology perspective, and hands-on experience of the strengths and limitations of different enterprise platforms.”

The company has commenced work on two enterprise applications. The first is the Titanium Network, a decentralised, anonymous and cryptographically secured OTC consensus data solution for investment bank trading and valuation operations, which includes Credit Suisse as a network founding institution. Existing OTC data-sharing involves an expensive, centralized, bilateral process with highly limited control over submitted data, forcing institutions to buy their data back for consensus insight. With the Titanium Network, DrumG is deploying a faster, more capable and significantly cheaper option leveraging blockchain technology, returning control of valuable OTC data back to the banks and enabling true data ownership. The system is being developed on the next generation Enterprise Ethereum platform, and DrumG is preparing for a Q2 2019 live deployment.

Emmanuel Aidoo, Head of Distributed Ledger Technology Strategy at Credit Suisse, said, “We are excited to work with the DrumG team and serve as a founding institution for the Titanium Network which will build the next generation OTC securities consensus pricing service. We look forward to welcoming other financial institutions to the Titanium Network.”

The second DrumG solution will be a post-trade reconciliation network for hedge funds, prime brokers, fund administrators and auditors, enabling a validated, auditable and permissioned view of transactions and holdings between market participants. The solution is proposed to be built on R3’s Corda Enterprise platform with a view to deployment in late 2019. DrumG is currently working with significant industry players to form the network of founding institutions.

David E. Rutter, Founder and CEO at R3, said, “We are very familiar with the DrumG team and value its track record in the enterprise financial services space, as well as its strong foundation in enterprise blockchain. We look forward to continuing our partnership with DrumG and to building business networks on the R3 Corda Enterprise platform.”

DrumG will participate in its first public engagement today at an event hosted by ConsenSys and the Bermuda Business Development Agency in Hamilton, Bermuda. The event will feature presentations by ConsenSys with DrumG at the forefront, along with a fireside chat between Joseph Lubin and the Premier of Bermuda, David Burt, moderated by DrumG’s Tim Grant. DrumG will also participate in SIBOS, the annual financial technology conference taking place in Sydney, October 22–25. The DrumG team will present in Sydney alongside a group of industry executives who have joined ConsenSys to lead projects building enterprise blockchain solutions for the financial services industry.

David Burt, Premier and Minister of Finance for Bermuda, said, “Bermuda is setting the standards for fintech businesses and offers a sophisticated, modern and well-regulated jurisdiction where innovators can bring their ideas to life.  We look forward to following DrumG Technologies as it leads the way in connecting the business networks of the future in enterprise financial services.”

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SafeMars Expands To Solana 7310

In a bold move towards further decentralization and expansion, SafeMars, the pioneering decentralized finance (DeFi) project, has extended its reach beyond Binance Smart Chain (BSC) to Solana, igniting fresh excitement within the crypto community. With a record-breaking ATH of $1 billion achieved on BSC in 2021, SafeMars has stealthily launched on Solana on March 30, 2024, under the guidance of its original developers who are now determined to replicate their prior success on this new chain.

SafeMars emerged on the DeFi scene in 2021, swiftly capturing the attention of investors and enthusiasts alike with its innovative approach towards community-driven initiatives and tokenomics. Its meteoric rise to a staggering $1 billion market cap on BSC showcased not only its potential but also the trust it garnered from its ever-growing community.

The recent stealth launch on Solana signifies a strategic move by SafeMars to explore new horizons and tap into the vast opportunities offered by alternative blockchain networks. With the same visionary developers at the helm, SafeMars aims to replicate and surpass its previous achievements, setting its sights on establishing a strong presence on the Solana chain.

One of the key driving forces behind SafeMars’s success lies in its robust social media presence and engagement. Boasting a massive Twitter following of 135,000 loyal supporters, SafeMars has fostered a vibrant online community that actively participates in discussions, stays updated on project developments, and spreads awareness about the project’s mission and goals. This dedicated community has played a pivotal role in driving adoption and fueling SafeMars’s growth trajectory.

SafeMars’s expansion to Solana represents not only a significant milestone for the project but also a testament to its resilience and adaptability in the ever-evolving landscape of decentralized finance. By leveraging the high-performance capabilities of the Solana blockchain, SafeMars aims to enhance scalability, reduce transaction costs, and provide users with a seamless and efficient DeFi experience.

As the crypto market continues to evolve and mature, projects like SafeMars are at the forefront, pushing the boundaries of innovation and driving widespread adoption of decentralized technologies. With its successful track record, passionate community, and ambitious vision, SafeMars is poised to carve out a prominent niche in the burgeoning Solana ecosystem, ushering in a new era of decentralized finance.

In conclusion, SafeMars’s expansion to Solana marks an exciting new chapter in its journey towards redefining the future of decentralized finance. With its proven track record, experienced team, and unwavering community support, SafeMars is well-positioned to make a significant impact on the Solana blockchain and continue its mission of democratizing access to financial services for users worldwide.

Twitter: https://twitter.com/Safemartians
Telegram: https://t.me/safemarssolentry
Website: https://safemarscrypto.com/

Introducing BounceBit Testnet Phase 2: App Store 7320

Following the success of BounceBit Testnet: BounceClub East-to-West Event launched on March 8, 2024, BounceBit announces the rollout of BounceBit Testnet Phase 2: App Store.

While the previously launched Testnet BounceClub Event will operate as usual without any changes, BounceBit Testnet Phase 2 highlights BounceBit App Store’s features and encourages developers to deploy on the BounceBit Testnet by submitting their decentralized applications (DApps) to the BounceBit App Store through GitHub pull request.

BounceBit Testnet Phase 2 mirrors the mainnet environment, offering developers, validators, full node operators, delegators, and users an early preview of the BounceBit Mainnet. This phase welcomes everyone to interact with the BounceBit PoS staking chain and the BounceClub ecosystem.

Here’s what you can expect from BounceBit Testnet Phase 2:

Deploy on BounceBit testnet

BounceBit Testnet Phase 2 offers developers the chance to get an early experience of deploying on the BounceBit chain by submitting their DApps to be listed on the BounceBit App Store. The BounceBit App Store features both in-house DApps and those built by community developers or external projects. To have your DApp listed on the BounceBit App Store, submit a pull request on BounceBit’s GitHub repository. The BounceBit team will then review and, if approved, list your DApp on the BounceBit App Store. DApps that are listed during Testnet Phase 2 will receive priority consideration for being listed on the BounceBit Mainnet App Store based on their performance.

For more details on the onboarding process, please refer to BounceBit’s official guide.

Stress-testing DApps

BounceClub owners and users are invited to participate in testing all DApps that are listed on the BounceBit Testnet App Store. BounceClub owners can select and add DApps to their BounceClubs, while BounceClub users can interact with the DApps when exploring different BounceClubs.

The BounceClub community plays a crucial role in evaluating the listed DApps’ performance and security, identifying vulnerabilities that need to be addressed. This Testnet Phase 2 contributes to the resilience and reliability of the BounceBit ecosystem, striving to maintain a smooth and secure environment for all BounceBit users.

Onboarding more validators

The BounceBit Testnet has kicked off with its first set of node operators during the BounceClub East-to-West Event. Currently, there are 24 active validators participating, with a combined staking amount totaling over 1000 $BBTC and over 283 million $BB.

For Testnet Phase 2, BounceBit aims to broaden the network by inviting more validators to participate. New validators will be guided through the onboarding process for Phase 2 via Discord.

Testing BounceBit’s tokenomics

BounceBit Testnet Phase 2 will continue the rigorous testing of BounceBit’s tokenomics, including token generation events (TGE), inflation rates, vesting schedules, gas fees, block sizes, and the validator slashing mechanism. Additionally, the BounceBit native LSD module’s performance will be observed continually.

About BounceBit

BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token – A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeDeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.

MVC unveils testnet version of game-changing Bitcoin sidechain asset bridge 7898

The Bitcoin ecosystem has recently been in the spotlight, with the emergence of innovative solutions such as the BRC20 concept and the continuous evolution of applications that captivate the market’s interest. This resurgence evokes memories of the DeFi summer of 2020 on the Ethereum network, where decentralized applications thrived alongside a surge in token prices, setting the stage for high expectations for the Bitcoin ecosystem. In a significant development, the much-anticipated Bitcoin ecosystem application, MicrovisionChain (MVC, Ticker $SPACE), has announced the testnet version of its cross-chain asset bridge feature, marking a game-changing milestone for the Bitcoin sidechain.

Developed through a collaboration between the MVC technical team and the Octopus Space team, the Orders Bridge is now a part of the MVC ecosystem. Currently, the Bridge facilitates cross-chain transactions exclusively from the Bitcoin network to the MVC network. MVC stands as one of the top three global Bitcoin sidechain solutions in terms of hash power and boasts impressive technical features, including smart contracts on UTXO public chains, low fees with high concurrency, and high throughput. Previous reports suggest that MVC can support nearly unlimited transactions per second (TPS).

By bridging assets to the MVC network, users can leverage the numerous advantages offered by the network’s features, effectively overcoming many limitations associated with transactions on the native Bitcoin network. The MVC solution offers significant cost savings, as cross-chain transaction fees to MVC are reported to be one five-hundred-thousandth of the peak rates on the Bitcoin network. Moreover, due to MVC’s network characteristics, transactions feature zero-block confirmations, eliminating network congestion and block confirmation delays as obstacles to trading. Unlike other Bitcoin cross-chain solutions, assets bridged to MVC remain based on the UTXO layer1’s Tokens, significantly reducing the risk of “fake Tokens.”

Beyond its groundbreaking asset bridge, Orders.Exchange also encompasses an order book DEX, Swap, and liquidity pools within its ecosystem. The platform gained widespread attention for being the first in the network to support a complete range of trading order types. It enables the trading of any Bitcoin asset, including Ordinals NFTs and BRC20 tokens, through the creation of ASK and BID orders. This approach ensures that the immediate trading needs of both buyers and sellers can be met. Notably, Orders.Exchange is the only platform in the Bitcoin ecosystem that supports the construction of BID orders, distinguishing it as a unique service provider in the space.

In its Swap and liquidity pool solutions, Orders.Exchange demonstrates strong technical capabilities and a commitment to decentralization and asset security. According to information disclosed by the team, its Swap and liquidity pool frameworks are built on a decentralized architecture. This framework splits users’ orders into several parts, each handled by different modules within the framework. Some modules solely process user operation data without touching the transaction data, while others are dedicated to allocating funds based on the orders without interpreting the transactions themselves. The modules operate independently without sharing data, significantly reducing the potential for losses due to hacking attacks. Impressively, this complex logic is executed within a single block, meaning Swap transactions only require confirmation in one block.

The liquidity pool is particularly critical, as it holds a significant amount of user assets, and inadequate security could expose users to financial risks. Orders.Exchange employs cold and hot wallet segregation along with a threshold multisignature approach for fund management. In the hot wallet (online environment), Orders.Exchange stores only a minimal amount of assets necessary for basic services. Assets exceeding this threshold are transferred to the cold wallet (offline environment), which replenishes the hot wallet only when its assets fall below the threshold.

To isolate cold and hot wallets, Orders.Exchange uses a threshold multisignature method to eliminate all potential internal misconduct. For the hot wallet, a 2/3 threshold multisignature is used, meaning three parties hold the multisig private keys, and any transaction requires signatures from at least two of them to proceed. The cold wallet employs a 3/5 threshold multisignature, underscoring a heightened emphasis on asset security. The institutions involved in the multisignature management are well-known security audit firms, each with a reputation to maintain. Known participants include sCrypt, a reputable Bitcoin network audit firm, and Scalebit, which has officially announced its audit work. Notably, Orders.Exchange plans to co-host a public seminar on asset security with the renowned audit firm Certik in early April.

With the multitude of positive developments surrounding Bitcoin and the approaching halving event, there is every reason to believe that the potential of the Bitcoin ecosystem is fully comparable to that of the Ethereum ecosystem at its inception. At this juncture, closely monitoring the movements within the Bitcoin ecosystem becomes particularly crucial. Orders.Exchange stands out as the most technically accomplished platform with already implemented functionalities, and we believe it possesses significant potential, heralding a new era for Bitcoin sidechain solutions.

Twitter: https://x.com/mvcglobal

TG: https://t.me/mvcofficial

Masa Network Integrates with LayerZero to Power Its Cross-chain AI Data Network 8117

Masa Network’s AI Data Marketplace will be an interoperable network for the world’s personal data, launching across multiple blockchains from day one

Masa Network, the world’s leading decentralized personal data network, has announced its integration with LayerZero, an interoperability protocol that seamlessly connects blockchains and allows developers to build omnichain applications, tokens and experiences. The integration with LayerZero will enable communication for the Masa Data Network which will be launched on a dedicated Avalanche Subnet, with Ethereum and Binance Smart Chain. The MASA token interoperability will further expand to Polygon, Base, Celo and more in the future via LayerZero’s Omnichain Fungible Token (OFT) Standard, which enables native cross-chain token transfers.

Masa is set to launch its native MASA token alongside the Network Mainnet on or around April 11th, 2024. Masa aims to shift the control of personal data back to users in the AI era. A person’s digital footprint and social graph is encrypted and stored in a completely private way in a Zero-Knowledge Soulbound Tokens (zkSBTs) data locker on the Masa Network. Users can own, share and earn from their personal data to train AI models, power AI agents, and power innovative AI applications.

Users earn MASA tokens as rewards when their data is used by developers to power the decentralized AI economy.

Calenthia Mei, the Co-founder of Masa, said, “Masa is thrilled to be integrating with LayerZero Labs, who has become the industry standard for interoperability. Masa wants to empower users to own, share, and earn from their data, no matter which blockchain network their data is on. With LayerZero’s support, we are excited to be cross-chain and interoperable from the very beginning.”

With the explosion of AI models, Masa has emerged as a leader in supplying vast amounts of privacy-first personal training data, powering the future of AI applications. It has amassed over 1.4 million unique wallets and over 37 million proprietary data points.

Developers can utilize Masa Network’s massive collection of private-by-default user data to train AI models, build innovative apps, power decentralized advertising, and more. Masa will also be providing out-of-the-box large-language models for real-time data searching within the network.

Simon Baksys, VP of Business of Development at LayerZero, commented “We are excited to collaborate with Masa to enhance privacy and innovation in AI development. The integration of LayerZero infrastructure with Masa’s ecosystem, will enable accelerated development of personalized AI applications while ensuring user data remains private and secure.”

About LayerZero

LayerZero is an interoperability protocol that connects blockchains (50+ and counting), allowing developers to build seamless omni-chain applications, tokens, and experiences. The protocol relies on immutable on-chain endpoints, a configurable Security Stack, and a permissionless set of Executors to transfer censorship-resistant messages between chains.

About Masa

Masa is the world’s personal data network, empowering users to own, share and earn from their data. In the AI era, Masa is building a scalable, secure, and resilient global data market, where millions of developers can build innovative applications using privacy-first user data.

Masa has amassed over 1.3 million unique wallets and over 37 million proprietary data points in its exponential growth since launch in August 2022. It has raised more than $9.2 million in funding from leading investors such as DCG, Anagram and GoldenTree, and was incubated by Coinlist’s Seed Program and Binance’s Most-Valuable-Builder Accelerator.

Reject anxiety, utilize TrendX wisely, and position yourself as smart money 8442

On March 26th, in the dynamic landscape of bull markets, TrendX announced the launch of AlphaSquare, marking a significant step in smart investment strategies. This event emphasizes the importance of choosing effective tools in a bull market, filled with wealth myths and abundant opportunities. However, not every participant can capitalize on these opportunities, as it demands smart decision-making. This article explores the strategic value of tools like TrendX, especially designed for these market conditions.

Navigating Uncertainties in Bull Markets:

With the advent of the Bitcoin ETF, the cryptocurrency market has entered a regular four-year bull market cycle, bursting with varied narratives like BTC and ETH ecosystems, Layer 2 solutions, and AI integration. While these trends offer great opportunities, they also create a challenging environment of information overload and decision paralysis for investors.

In this whirlwind of possibilities, investors grapple with the dilemma of choice and timing. The fear of missing out often leads to over-diversification or missed opportunities, impacting both profits and investor confidence. The sheer cost and complexity of accessing reliable information further exacerbate these challenges, leaving investors vulnerable and often misled.

Code-Based Reliable Strategy Tools:

Objective tools, such as TrendX, offer a robust solution. TrendX excels in market analysis, tracking a vast array of projects, Twitter influencers, and smart money movements. It’s a comprehensive database vital for crafting effective investment strategies.

Data analysis is crucial in the Web3 industry, revealing trends and patterns for informed decision-making. However, it’s the effective use of data that transforms it into a powerful investment tool.

TrendX stands out by providing indices on often overlooked emotional fundamentals and industry discussion heat. Using AI for sentiment analysis, it identifies correlations between market mood swings and token price movements. This feature is especially beneficial for short-term traders seeking clear investment targets.

Furthermore, TrendX simplifies smart money tracking. Following the moves of major players can be a strategic advantage for retail investors.

Harnessing Strategy Tools and AI:

The integration of smart money tracking with sentiment analysis forms the backbone of TrendX’s AlphaSquare. This feature offers multi-factor strategies, real-time updates, and backtesting analysis, empowering investors to make informed decisions in real-time, thereby maximizing profits and minimizing risks.

AlphaSquare has developed various strategies to cater to different investor profiles and is set to release more in the future. These strategies range from general investment approaches to more nuanced analyses combining smart money movements and KOL insights.

The upcoming update, Strategy Plaza, will allow users to customize and share strategies, fostering a community of shared learning and market trend insights. This feature is expected to enhance the platform’s effectiveness and accuracy through continuous user collaboration and strategy refinement.

Summary

In summary, utilizing the right strategy tools like TrendX’s AlphaSquare in a bull market can significantly enhance profit capture and foster growth among investors. It represents a transformative step in evolving from an ordinary investor to a well-informed, strategic market player.

AvaxTech Passes SolidProof Smart Contract Audit, Enhancing Safety for Avax Investors 8338

The AvaxTech project has recently passed a smart contract audit by the well-respected SolidProof. This milestone adds to AvaxTech’s already impressive track record of providing valuable products for the Avax chain.

The project aims to enhance safety for Avax investors and promote secure investments in the ever-evolving digital landscape. With its team of experts, AvaxTech provides reliable analysis and information for investors.

AvaxTech’s Impact on Avax Ecosystem

The spirit of AvaxTech is to support the Avax community by providing reliable tokens through their products. Monk, the project’s developer, has an extensive background in the cryptocurrency world.

He has worked on over 100 projects related to product development and idea consultancy. Monk’s expertise includes developing bots used by thousands on Telegram, providing Web3 Dapp platforms, and smart contract audits. Many recognize him for his work on meme coins, which he still actively supports.

Monk has now turned his focus to the Avax blockchain and established AvaxTech with the development team. He leads the team in creating and supporting products and platforms for Avax. As a voluntary supporter, Monk offers information support to developers and companies looking to develop on Avax.

Impressively, AvaxTech has detected over 2,000 scam tokens on the Avax blockchain since November 2023. This has raised awareness among thousands of investors and aided in creating a safer ecosystem.

The recent completion of the smart contract audit for AvaxTech by SolidProof further solidifies their reliability. This project lets almost the entire Avax community access trustworthy tokens and trading tools.

How AvaxTech Promotes Secure Investments

The AvaxTech ecosystem features multiple tools to assist investors in making secure investments within the Avax blockchain. One of these tools is the Analyzer Platform, which provides users with an easy-to-read dashboard for all their analysis needs.

This includes analyzing token addresses and wallets for any suspicious activity. It also involves accessing vital information such as market cap, liquidity ratio, risk for honeypot systems, transaction taxes, and more.

All of this information comes from AvaxTech’s impartial third-party engine, giving users a reliable source for project analysis. It is pretty much like having an ID card for a project. This makes it easier for traders to evaluate the potential benefits and risks.

With AvaxTech’s Telegram Analyzer Bot, users can scan for suspicious activity directly through the messaging app. This technology enables quick and easy monitoring of investments on the go.

Furthermore, AvaxTech offers tools such as the New Pair Channel and New Lock Channel on Telegram. The latter can be useful for alerting users to new pair listings and LP lockings in real time.

Lastly, with the Telegram Live Trending feature, users can easily spot trending Avax tokens and gain insights on potential investments. Together, these products make up AvaxTech’s suite of tools promoting secure and informed investments in Web3.

About AvaxTech

AvaxTech is a company founded in November 2023 with the goal of developing products for the Avax chain. With its first product, the Telegram analysis bot @AvalancheAnalyzerBot, AvaxTech gained a wide audience.

The platform has also been pivotal in protecting Avax token investors by detecting 96% of SCAM Tokens.

AvaxTech has become a valuable organization for all Avax communities and investors with its popular web analysis platform, Avaxanalysis.com.

On January 22, AvaxTech launched $ATECH Token, which has utility in its entire ecosystem of products. This project has become a brand within the Avax ecosystem. Nowadays, thousands of investors are using the platform for newly added tokens.

$ATECH Token serves as a payment and utility token in the entire AvaxTech ecosystem, giving it real purpose and utility. Its use is necessary for accessing all products developed by AvaxTech.