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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

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    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Analyst Predicts 130% Rally To $18

    Analyst Predicts 130% Rally To $18

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    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

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Fireblocks records over $100M in annual recurring revenue, solidifies unicorn status

2022-09-30
in DeFi
0
Fireblocks records over $100M in annual recurring revenue, solidifies unicorn status
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Blockchain, digital asset safety and crypto growth platform Fireblocks announced that its 2022 annual recurring income exceeded the $100 million mark, giving the corporate a unicorn standing amongst startups.

Annual recurring income is the recurring subscription income acquired by an organization over time. 

The newly topped unicorn positions itself as the one platform that eliminates a single level of failure and safeguards its customers in opposition to cyberattacks, manipulation, and human error utilizing multi-party computation(MPC). In the meantime, its treasury administration know-how additionally provides it an edge.

Multi-party computation

MPC is a safety system designed by Fireblocks that layers software program and {hardware} to implement digital asset safety. It makes use of cryptography to allow a number of events, every holding their very own non-public knowledge, to evaluate a computation in secrecy earlier than deciding whether or not to share or deviate from the directions through the protocol execution as a collective.

Fireblocks reported that its MPC had been adopted by famend entities reminiscent of BNP Paribas, Six Digital Alternate, Checkout.com, ANZ Financial institution, MoonPay, Animoca Manufacturers, and greater than 1,500 organizations in 2022 alone.

Treasury Administration know-how

Fireblocks additionally attributes its newest success to its treasury administration know-how, which presents safe storage for monetary establishments to manage and entry their digital belongings, hook up with liquidity swimming pools and switch crypto or fiat to counterparties on-chain.

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