BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Blockaid Partners with Core to Safeguard Avalanche Ecosystem

by Dan K
Jun 6, 2024 - 10:29 pm
in Blockchain
Blockaid logo next to Core wallet logo with a backdrop of digital blockchain imagery

Blockaid Partners with Core to Safeguard Avalanche Ecosystem

Web3 security startup Blockaid has integrated its advanced technology into the Core wallet to protect nearly $1 billion in assets on the Layer 1 (L1) blockchain Avalanche. This strategic collaboration aims to bolster the security measures for Avalanche’s decentralized finance (DeFi) ecosystem against sophisticated threats such as hacks and phishing scams.

Enhancing Security for Core Wallet Users

The integration of Blockaid’s privacy-preserving security systems into Avalanche’s native wallet, Core, is designed to mitigate a variety of potential threats. Blockaid’s technology simulates transactions and identifies malicious activities before they can be executed on decentralized networks like AVAX. This proactive approach is crucial in safeguarding user assets in real time.

Core wallet users will also benefit from them real-time alerts and an extensive security database. This database is continuously updated to include emerging attack vectors, operations by bad actors, and vulnerabilities within the DeFi landscape. This dynamic security environment ensures that users are protected against the latest threats.

Tapping Blockchain for On-Chain Security

The partnership between Core and Blockaid comes at a critical time for the crypto industry, which has faced increasing security concerns. This year alone, there have been over 120 reported hacks, with more than $53 million stolen in April. These incidents underscore the urgent need for robust security solutions in the crypto space.

Blockaid’s CEO, Ido Ben-Natan, emphasized the company’s commitment to bringing its extensive experience to Avalanche and Core. Blockaid has a proven track record, having safeguarded over $7 billion in virtual currencies and reportedly stopping 1.3 million individual on-chain attacks.

A Giant Leap for Avalanche Ecosystem Security

According to Akash Gupta, Ava Labs’ head of customer products, this collaboration marks a significant step toward enhancing user security within the Avalanche ecosystem. Gupta highlighted that the integration of Blockaid’s technology will enable users to explore and interact with the Avalanche network and its DeFi services with greater peace of mind.

The partnership between them and Core wallet is expected to set a new standard for security in the crypto industry, ensuring that users can confidently engage with decentralized networks and protect their valuable digital assets.

Tags: BlockchainDeFiRegulation
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Arthur Hayes speaking about Bitcoin as Japan’s new Prime Minister announces economic stimulus measures

Arthur Hayes Predicts $1M Bitcoin as Japan’s New PM Unveils Economic Stimulus

October 22, 2025

Arthur Hayes predicts Bitcoin could hit $1M as Japan’s new PM Sanae Takaichi launches economic stimulus, signaling potential...

blockchain

Bolivia’s President-Elect Rodrigo Paz Turns to Blockchain to Fight Corruption

October 20, 2025

Bolivia’s new president Rodrigo Paz plans to use blockchain in public procurement and crypto asset declarations as part...

Metaplanet and Bitcoin Magazine logos, symbolizing their new partnership to expand operations in Japan.

Japan Moves Toward Allowing Banks to Buy Bitcoin Under New Regulatory Framework

October 19, 2025

Japan’s regulators are reviewing changes that could let banks buy and hold Bitcoin, signaling a major shift in...

24H HOLD token price chart showing 35% surge despite market pullback

Crypto markets surge as Trump confirms October 31 summit with Xi Jinping

October 19, 2025

Crypto markets rebound after Trump confirms October 31 summit with Xi Jinping, easing US-China tensions and sparking optimism...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service