Tropic Square Receives $4.7 Million To Develop Open-Source Security Chip
Tropic Square, a subsidiary of SatoshiLabs, announced $4.7 million in funding for its work on the first-ever open-source security chip.Earlier today, Prague-based crypto security startup Tropic square, a subsidiary of SatoshiLabs, announced that it received a 4 million euro (about $4.776 million) investment to propel its work on the first-ever open-source security chip. The funding came from Swiss investment company Auzera. “The chip, code named TASSIC (Transparent Authenticated Secure Storage Integrated Circuit), is expected to be introduced by the end of 2022, and it is already clear....
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The open-source development of Tropic’s secure chip allows the team to iterate based on community and expert feedback to change the landscape of security.
Holding true to their promises made last year, Block (formerly Square) plans to develop open-source Bitcoin mining systems and hardware wallets in 2022. In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC,” and make a hardware wallet for the next 100 million Bitcoin (BTC) users.The two roles are based in the Block’s headquarters in San Francisco and were added to the job posting platform in the past 24 hours. For the role of the custom digital design lead, the candidate will help “silicon....
Earlier this month, Dorsey revealed that Square intends to develop an open-source non-custodial Bitcoin hardware wallet. Jack Dorsey, the co-founder of social media network Twitter and financial services company Square, has confirmed he is planning to integrate Bitcoin’s Lightning Network sidechain with at least one of his businesses.On June 11, Dorsey responded to a question from Twitter user “deyonté,” who had requested that Dorsey integrate the Lightning Network into Twitter or BlueSky — the decentralized social network Twitter has devoted manpower to developing since 2019.In response,....
OpenBazaar announced that it received $1 million in seed funding from Union Square Ventures, Andreessen Horowitz, and angel investor William Mougayar to develop the OpenBazaar protocol and client. OpenBazaar is an open-source project to create a decentralized network for peer-to-peer (P2P) commerce online - using bitcoin - that has no fees and cannot be censored. It can be seen as a distributed, decentralized version of eBay powered by P2P technologies such as BitTorrent and Bitcoin."OpenBazaar is a different approach to online commerce," states the OpenBazaar website. "It puts the power....
Square, the payments company with a penchant for Bitcoin and open-source development, has launched a membership organization to curb stifling patents. The post Square Launches Cryptocurrency Open Patent Alliance To Protect Innovation appeared first on Bitcoin Magazine.