ZenGo raises $20 million for its secure crypto wallet app - TechCrunch

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ZenGo raises $20 million for its secure crypto wallet app - TechCrunch Posted: 27 Apr 2021 06:00 AM PDT ZenGo, a mobile app to manage your cryptocurrencies, has raised a $20 million Series A funding round led by Insight Partners. ZenGo is a non-custodial wallet, which means that the company doesn't manage your crypto assets for you — you remain in control. Other investors include Distributed Global and Austin Rief Ventures. Existing investors Benson Oak, Samsung Next, Elron, Collider Ventures, FJ Labs and others also participated in today's funding round. What makes ZenGo different from other wallet apps is that the company is trying to build something that is more secure than your average crypto wallet while remaining simple to use and understand. It competes with other non-custodial wallets, such as Coinbase Wallet (not Coinbase.com), Argent, etc. In particular, ZenGo is based on multiparty computation (MPC). When you first create your wallet, ZenGo generates multiple secrets that are stored and encrypted in different ways. It means that the company can't access your tokens directly and you can recover your wallet if you lose your phone. Other crypto companies focused on infrastructure and enterprise clients have also opted for MPC as their security model. Fireblocks, a company that has recently raised $133 million, is one example. But ZenGo is building a consumer app. In 2020, the company has processed more than $100 million in crypto transactions from 100,000 users. ZenGo has reached the same milestone in the first three months of 2021 and added another 100,000 users. You can browse DeFi projects through ZenGo and access savings pools. The startup takes a cut on these investments. With today's funding round, ZenGo plans to expand with the same philosophy in mind. You can expect support for more chains and assets, more partnerships and options to buy cryptocurrencies and convert them to fiat money, etc. The company recently announced plans to launch a debit card. This way, users will be able to convert their crypto assets and then spend them wherever Visa cards are accepted. In other words, ZenGo is building a crypto super app with a focus on security. Image Credits: ZenGo

Private Internet Access VPN's 2-year subscription is 72% off - ZDNet Posted: 27 Apr 2021 05:00 AM PDT No one disputes that when things get back to normal, it's going to be a whole new normal. For one thing, hybrid models are predicted to be the future for work and school. While it may be fun and exciting to work or take classes anywhere wifi is available, public wifi is notoriously insecure, so it is vital to get all the protection you can. Fortunately, Private Internet Access VPN provides everything you need to stay secure and more. Protecting your data should always come first, and Private Internet Access will encrypt your data, as well as block malware, trackers, and ads with its new MACE feature. But this VPN will also allow you to browse online while remaining completely anonymous. The company's no-logs policy is extremely strict, plus your IP address and location are always masked. In addition to privacy and security, an added perk to having Private Internet Access VPN is being able to access content from anywhere in the world, even though it is supposed to be restricted from the location where you happen to be. Of course, there are other VPNs who might advertise the same service, but Private Internet Access VPN excels at the way it executes those services. For instance, you don't have to sacrifice internet speed for security, because Private Internet Access VPN has a lightning-fast global server network of over 35,000 servers in more than 77 countries, so you can access the content you want at the fastest possible speeds. The company also offers a simple, yet robust, intuitive user experience and 24/7 live customer support. It's no wonder that Private Internet Access VPN has more than 30 million downloads, with 4.7 out of 5 stars on Apple's App Store and 4.5 out of 5 stars on the Google Play Store. The service has also garnered numerous awards. It was named one of the Best VPN Services of 2021 by CNET, Editor's Choice of PCMag.com and Tom's Guide, and more. A two-year subscription to Private Internet Access VPN is currently being offered at a 72% discount off the regular price of $258, so you can get one today for only $69.95. ZDNet Recommends

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