Elliptic Partners With NEAR Protocol to Improve On-Chain Security

As part of the partnership, NEAR users will be benefitted the full visibility of the blockchain across Elliptic’s wide range of product offerings. The focus will also be to improve security and on-chain forensics while letting users explore Web 3.regarding the partnership revealed that the deal means both the NEAR blockchain and its native asset, NEAR, will have access to Elliptic’s analytics and financial crime tracking services.

Commenting on the partnership, NEAR Foundation CEO Marieke Flament said the platform aims to onboard billions of users into Web 3 with the latest move. The exec also added, “We can’t do that unless we can create a safe and secure environment for people to explore this new world. Partnering with projects like Elliptic helps us realize this goal faster.”

Initially, users will be able to benefit from the screening of crypto wallets and transactions on the NEAR blockchain leveraging Elliptic’s Lens and Navigator products. The protocol also intends to incorporate Virtual Asset Providers as well as crime investigation capabilities through Elliptics Discovery and Forensics in the future.that it was building a new data product – a market intelligence unit dedicated to institutional crypto traders.

Elliptic’s ambitious roadmap includes transforming the company into a one-stop shop for institutional investors seeking blockchain analysis and data firms.about Elliptic raising $60 million in Series C funding in October 2021. The round saw the participation of Japanese investment manager SoftBank Group and American multinational Wells Fargo. The company plans to deploy the new capital infusion on expanding its global team of experts, especially in the US.

Source: Digital Coin News (digitalcoinnews.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2 people found dead in apartment near Bronx ZooThe NYPD found two people dead inside an apartment in the Bronx on Sunday night. The whole Bronx is near the “Bronx Zoo” May as well say within a few miles of Yankees stadium
Source: fox5ny - 🏆 587. / 51 Read more »

‘I watched her die’: San Leandro man pleads no contest to killing girlfriend near Lake ChabotAnthony Pimentel, 22, was sentenced to 15 years to life for killing 18-year-old Mariah Alyce Davis, of San Leandro.
Source: OakTribNews - 🏆 597. / 51 Read more »

EUR/GBP Price Analysis: Finds offers near 0.8330 as trendline and horizontal resistance coincideEUR/GBP Price Analysis: Finds offers near 0.8330 as trendline and horizontal resistance coincide By Sagar_Dua24 EURGBP Technical Analysis SupportResistance Currencies
Source: FXStreetNews - 🏆 14. / 72 Read more »

Body found along Buffalo Bayou bank near Houston's Second WardA body has been found along the bank of Buffalo Bayou near Houston's Second Ward.
Source: FOX26Houston - 🏆 448. / 53 Read more »

Seven weeks of near-record low snowfall in the Colorado River Basin have water managers worriedLake Powell, which is filled to just over a quarter of its capacity, could soon see its level drop below the critical elevation where the Glen Canyon Dam stops being able to generate power, even after this week’s storms.
Source: sltrib - 🏆 316. / 61 Read more »

Two Black Hawk helicopters crash near Utah ski resort in training accidentTwo Black Hawk helicopters crashed within a few hundred yards of a Utah ski resort during a training exercise. Amazingly, none of men and women aboard the helicopter or the dozens of skiers nearby were injured, authorities said. Heliskiing
Source: USATODAY - 🏆 100. / 63 Read more »