Crypto Developer Raises $4 Mln From Samsung, Others to Launch Wallet Without Private Keys

ZenGo uses new forms of transaction signing to simplify the crypto experience for non-technical new crypto users Israeli cryptocurrency developer KZen has raised $4 million from backers including South Korean electronics giant Samsung, industry news outlet The Block reported on April 17.The company’s product, smartphone wallet app ZenGo — currently in beta phase testing — aims to simplify custodial wallet usage for entry-level cryptocurrency users.Using a combination of split key storage and biometric security features, the company hopes users will be able to benefit from a simple wallet user interface while not relying on a third party or themselves to hold their private keys and other sensitive information.A smartphone and cloud storage form the two sharers of information needed to sign a transaction, part of a setup called threshold signatures.“ZenGo uses open source threshold cryptography to replace the private key and all the troubles related to securely managing non-custodial wallets,” CEO and cofounder, Ouriel Ohayon, wrote in a blog post on April 15.…

National University of Columbia Joins Blockchain Global Consortium for Science

The National University of Columbia is joining the Bloxberg global scientific blockchain consortium. The National University of Columbia is joining the global  blockchain consortium for science dubbed Bloxberg, Mauricio Tovar Gutiérrez, co-director of the research group at inTIColombia told Cointelegraph en Español on April 15.Bloxberg is a blockchain initiative formed by 12 research organizations from 10 countries and led by the Max Planck Society, with the National University of Colombia to be the only institution from Latin America.…