ALTR delivers cybersecurity platform

ALTR startup pops up to renovate security standards for data monitoring, governance and threat protection
06 June 2018   1098

The first commercial product gets released by ALTR to utilize benefits of blockchain in security area. The platform is backed with ALTRchain - data storage built on enterprise-grade blockchain technology. The ALTR platform is a data-security solution for organizations to monitor, access and store critical information.

The company has raised 15 mln USD in funding. A group of advisors include:

  • Mike Maples, former security executive at Microsoft and IBM;
  • Fred Burton, former deputy chief of the counterterrorism division at US Diplomatic Security Service;
  • Michael Hermus, former CTO of the US Department of Homeland Security

The platform is meant to be deployed between data and applications, pull the information at driver-level and stores it immutably on ALTRchain. The platform consists of ALTR Monitor (provides detailed intelligence on all data-access activities), ALTR Govern (lets users create and apply rules-based locks and access thresholds in real-time) and ALTR Protect (decentralizes sensitive data storing it across a private blockchain).

We have a choice between change or breach. etwork-focused security isn't enough because it never really puts a dent in the sheer number of vulnerabilities. Rather than patching the existing attack surface, ALTR has found a way to significantly reduce it. In fact, with ALTR's full solution in place, the threat vectors for data move to nearly zero. Digital trust can finally be restored.

 

David Sikora

CEO, ALTR

More information can be found here.

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   155

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.
 

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.