Fire Completes $3.5M Financing Round for Encryption Fraud Prevention and Protection
On April 11th, it was announced on social media that Fire, a startup for encryption fraud prevention and protection, had completed a new round of financing of $3.5 million, led by
On April 11th, it was announced on social media that Fire, a startup for encryption fraud prevention and protection, had completed a new round of financing of $3.5 million, led by Atomic. The security tools developed by Fire can enhance the Web3 security experience, help users avoid being plagued by fraud, and drive the growth of the encryption and NFT ecosystem. Its tools currently support wallets on networks such as Ethereum, Polygon, Optimism, and Arbitrum.
Cryptographic fraud prevention and protection startup Fire completed $3.5 million in financing
On April 11th, the security startup Fire announced on social media that it had completed a new round of financing of $3.5 million, led by Atomic. The funds will be used to further develop and enhance its suite of tools to prevent encryption fraud and protect users in the growing world of Web3.
What is Fire?
Fire is a startup that develops tools for encryption fraud protection and prevention. These tools are designed to enhance the security experience for users in the emerging world of Web3. With the rise of cryptocurrencies, non-fungible tokens (NFTs), and decentralized finance (DeFi), it has become increasingly important to protect digital assets from theft and fraud.
Fire’s suite of tools supports wallets on networks such as Ethereum, Polygon, Optimism, and Arbitrum. These tools include:
– Address verification: Verifies that the sender and recipient addresses are valid and match the intended parties.
– Transaction monitoring: Monitors transactions for suspicious activity such as high transaction fees or transfers to known scam addresses.
– Phishing protection: Protects users from phishing attacks by verifying that the website they are visiting is legitimate.
Why is Encryption Fraud Protection Important?
In the world of Web3, digital assets such as cryptocurrencies and NFTs are becoming increasingly valuable. As a result, they are attractive targets for hackers and scammers. Encryption fraud can take many forms, including phishing attacks, fake wallets, and fake ICOs.
These attacks can result in the loss of personal information, funds, and digital assets. Encryption fraud prevention and protection is important to ensure the security of the Web3 ecosystem and protect users from these threats.
How Does Fire Enhance Web3 Security?
Fire’s suite of tools is designed to enhance the security experience for users in the Web3 ecosystem. By providing address verification, transaction monitoring, and phishing protection, Fire helps users avoid being plagued by fraud.
The tools developed by Fire can also drive the growth of the encryption and NFT ecosystem. With increased security and protection, more people will be willing to invest in cryptocurrencies, NFTs, and DeFi.
Conclusion
Fire’s completion of a $3.5 million financing round is an exciting development for the world of Web3. By providing encryption fraud prevention and protection, Fire’s suite of tools can help drive the growth of the encryption and NFT ecosystem by providing a safe and secure environment for users to invest and transact.
FAQs
1. How does Fire prevent phishing attacks?
Fire prevents phishing attacks by verifying that the website the user is visiting is legitimate. This helps protect users from entering their sensitive information into fake websites.
2. What networks does Fire support?
Fire currently supports wallets on networks such as Ethereum, Polygon, Optimism, and Arbitrum.
3. How can I use Fire’s tools to protect my digital assets?
Users can use Fire’s suite of tools by integrating them into their wallets or by using Fire’s standalone products. By doing so, they can protect their digital assets from encryption fraud and other malicious attacks.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/15581/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Accelerating the Improvement of Regulatory Mechanisms for Digital Finance: Insights from VP Xuan Changneng
According to reports, Vice President Xuan Changneng of the People\’s Bank of China stated at the \”Financial Infrastructure and Financial Services in the Digital Era\” roundtable at t
-
Bitcoin Network Achieves High Computing Power Amid Growing Demand
It is reported that according to BTC.com data, the number of unconfirmed transactions across the Bitcoin network is 59510, the computing power of the whole network is 323.11 EH/s, and the 24-hour transaction rate is 3.45 transactions/s. At present, the difficulty of the whole network is 43.55 T. It is predicted that the next difficulty will increase by 4.08% to 45.33 T, and there are 10 days and 10 hours left before the adjustment. The number of unconfirmed transactions across the Bitcoin network is 59347 Analysis based on this information:The latest data from BTC.com has shown that the Bitcoin network is experiencing high demand with a large number of unconfirmed transactions, alongside an impressive growth in computing power. The number of unconfirmed transactions across the Bitcoin network is recorded at 59,510, indicating that there is currently a backlog of transactions awaiting confirmation. However, this trend has not stopped users from continuing to engage in high volumes of transactions, with the…
-
Arbitrum’s On-Chain Accounts Surpass 3 Million
According to the data of Dune Analytics on February 27, the total number of Arbitrum on-chain accounts has exceeded 3 million, reaching 3.04 million so far, of…
-
Polygon zkEVM has had more than 2500 cross chain users in the past 24 hours
According to data from Dune Analytics, over 2500 users have completed over 2700 cross chain transactions of $880000 since Polygon zkEVM was launched nearly 24 hours ago. Currently,
-
21Shares Closes Five Cryptocurrency Funds Amid Weak Investor Demand
According to a Bloomberg report, 21Shares, the issuer of cryptocurrency exchange traded products, is closing five funds and delisting another fund as investor demand weakens. Cryptocurrency ETP provider 21Shares closes its funds due to reduced investment demand Analysis based on this information:The world of cryptocurrency has been constantly fluctuating in terms of market value and investor sentiment. In a recent development, 21Shares, the issuer of cryptocurrency exchange traded products has decided to close five funds and delist another fund due to weakened investor demand. This announcement was made by Bloomberg, one of the most prominent business media outlets in the world. 21Shares is a Switzerland-based company that offers exchange-traded products (ETPs) for cryptocurrencies. It was created with the aim of facilitating institutional investors’ entry into the cryptocurrency market. The company claims to offer a safe, transparent, and reliable way to invest in cryptocurrency markets via ETPs. Despite the company’s success in attracting institutional investors, it seems that demand has recently…
-
Massive Bitcoin Transfer Leaves Experts Surprised
According to reports, Whale Alert monitoring data shows that at 16:30pm Beijing time, 262499 Bitcoins were transferred from unknown addresses to Coin An. Data: 2499 Bitcoins transferred from unknown addresses to Coin An Analysis based on this information:The world of cryptocurrency was plunged into excitement after the news of a massive Bitcoin transfer broke out. According to reports from Whale Alert, a monitoring data service that tracks cryptocurrency transactions, an unidentified individual transferred around 262499 Bitcoins to Coin An at 16:30 pm Beijing time. The news caused a stir in the crypto market and surprised many experts, as such a massive transfer could cause a fluctuation in prices. Some analysts speculated that the transfer could be made by a large institutional investor or a group of investors engaging in OTC (over-the-counter) deals. The transfer puts Coin An, a company operating in the cryptocurrency trading business, in a leading position in the industry. Coin An will now possess a large quantity…
-
Gate Group Launches Gate Visa Debit Card Allowing Cryptocurrency Transactions Worldwide
On March 9, the Gate Group announced the launch of the Gate Visa debit card through its Lithuanian entity Gate Global UAB. Users can consume their cryptocurren…
-
Lido Community’s Liquidity Pledge Agreement: Proposal for Treasury Management Strategy and Execution
On April 4th, it was reported that the Lido Community of the Liquidity Pledge Agreement has proposed to approve Lido\’s treasury management principles and authorize the establishmen
-
Application Fields of Blockchain (Where Can Blockchain be Applied)?
Blockchain can be applied in various fields. According to coindesk, blockchain
-
Countdown to Halving Time: What Does it Mean for Bitcoin?
On April 29th, it was reported that according to the OKLink countdown special page of Ouke Cloud Chain, the current block height is less than 365 days away from the halving time of
-
Dutch Prosecutor Investigates Developer’s Laptop for Details on Tornado Cash
It is reported that the Dutch prosecutor recently obtained access to Alexey Pertsev laptop, a developer of Tornado Cash, and used it to investigate key details…
-
Market Volatility Requires Better Risk Control
According to the report, the market showed that ETH fell below US $1400 and is now trading at US $1398.17. The intra-day decline reached 9.22%. The market fluc…
-
BTC Market Fluctuates above US $25000
According to the report, the market shows that BTC has exceeded US $25000 and is now reported at US $25001.0, with a daily increase of 9.62%. The market fluctu…
-
A New Focus: Google’s Virtual Assistant Team Restructures to Incorporate AI Chat Technology
On March 30th, Google was restructuring the reporting organization of its Virtual Assistant department to focus more on the company\’s new artificial intelligence chat technology, B
-
How to mine Bitcoin with a smartphone and what software to use (How to mine Bitcoin with a smartphone)
How to mine Bitcoin with a smartphone and what software to use. According to Co
-
Grayscale Investments Extends Review Period for ETHPoW Shareholders’ Equity Distribution
On March 17th, Grayscale Investments, a digital asset management company, released the latest information on the distribution of shareholders’ equity in ETHPoW (ETHW), announcing that it had previously allocated ETHPoW tokens to its Grayscale Ethereum Trust (OTCQX: ETHE) and Grayscale Digital Large Cap Fund (OTCQX: GDLC) products on September 16th, 2022, Previously, Grayscale sought to become an agent for the equity holders of these ETHPoW tokens and intends to sell them as soon as possible, which is expected to be no more than 180 days from the record date. However, today Grayscale announced that it will extend the review period. During this period, it will continue to assess the market environment to determine whether ETHPoW tokens can be obtained, and whether, when, and how to sell ETHPoW tokens on behalf of shareholders, The review period is currently not expected to exceed 180 days from the date of signing this agreement. Grayscale has not yet sold the ETHPoW tokens allocated to…