ZenGo

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Zengo, an Israeli startup founded in 2019, has received a strategic investment from Tether, the company behind the worlds largest stablecoin. This investment aims to enhance Zengos blockchain-agnostic capabilities and integrate support for Tethers stablecoins, facilitating easier storage and transactions. Zengo has built a reputation for its security-focused approach to cryptocurrency storage, serving over 1.5 million users without any compromises. The partnership with Tether will allow Zengo to scale its offerings, including Zengo Pro, which features theft protection and enhanced customer support. This move aligns with Tethers broader strategy to promote self-custody solutions amid increasing regulatory scrutiny of stablecoins.

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Tether has made a strategic investment in Zengo Wallet, a leading self-custodial crypto wallet, to advance the global adoption of stablecoins. This investment aligns with Tethers commitment to enhancing secure self-custody solutions and expanding the use of its stablecoins across major blockchain ecosystems. Zengo Wallet, known for its innovative security features, has served over 1.5 million users without any security breaches. The investment will help Zengo enhance its blockchain-agnostic capabilities and support the growth of Zengo Pro, a premium offering. This partnership aims to make blockchain technology more accessible and secure, empowering users worldwide with greater financial freedom.

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Israeli startup ZenGo has appointed Michael-David Fiszer as Chief Product Officer. Fiszer, who was previously a senior member of Wazes product leadership team at Google, will help ZenGo expand its customer base and deliver an outstanding product experience. ZenGo raised $20 million in a Series A funding round led by Insight Partners in April.

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ZenGo, a company co-founded by CEO Uriel Ohayon, is developing a cryptocurrency wallet and plans to issue a credit card in collaboration with Visa. During a talk at the Fintech 2021 conference, Ohayon discussed the evolution of wallets from physical to digital forms, emphasizing the importance of security and user experience in the adoption of digital wallets. ZenGo aims to simplify the process of holding and transacting with cryptocurrencies through its app. The company is focusing on creating a cryptographic system that allows transactions without passwords, enhancing security and user satisfaction.

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ZenGo, the crypto mobile wallet for retail investors, has announced a $20M Series A round led by Insight Partners. The funds will be used to expand its financial services, support for assets and chains, and further develop its Keyless Wallet security technology. ZenGos wallet currently supports over 50 assets including Bitcoin and Ethereum. The investment comes less than a year after the company launched its wallet on iOS and Android and after reaching $100M USD in processing volume in Q1 2021. ZenGos Keyless Wallet technology replaces the traditional crypto private key with two mathematical secret shares and ensures full ownership and control of digital assets for users.

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Tel Aviv-based startup ZenGo aims to simplify the process of buying and owning cryptocurrency assets while ensuring their security. The company has experienced significant growth during the COVID-19 pandemic, with a double-digit increase in users and multiplied revenue. ZenGo differentiates itself by using biometric 3D face authentication for secure access to its wallet. The company has recently launched swapping features and a savings feature for crypto assets. ZenGo currently employs 22 people and has received a $4 million seed round investment. Despite the growth, ZenGo acknowledges the risks associated with investing in cryptocurrency and emphasizes the importance of managing risks. The company plans to continue expanding its product offerings to serve both beginner and professional users.

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The CEO of ZenGo wallet, Ouriel Ohayon, made a sarcastic tweet predicting that Bitcoin will crash below $1,000. He also made forecasts about Tron, XRP, and other crypto-related topics. Although Ohayon clarified that his forecasts were meant as a joke, they sparked discussions in the crypto community. The article mentions vulnerabilities in hardware wallets and the possibility of more claims about Satoshi Nakamotos identity in the coming year. The tweet also refers to US President Trumps tweet as a sign of crypto popularity, but the crypto community disagrees with the notion that cryptocurrencies encourage illegal activities.

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ZenGo, a non-custodial keyless digital wallet, now supports Facebooks Libra testnet, allowing users to experiment with sending and receiving the new cryptocurrency. The wallet is currently only available on iOS and also enables users to buy Bitcoin, Ethereum, and Binance Coin. Libras testnet is still in the experimental phase and may be periodically reset for maintenance and upgrades. ZenGo aims to eliminate the need for storing private keys by using a distributed key-like solution. Facebooks Calibra wallet, which will have full control over funds, is not yet publicly available.

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Israeli startup ZenGo has developed an open-source code for Libras first non-custodial wallet, providing an alternative to Facebooks proposed custodial wallet, Calibra. ZenGos wallet ensures complete user control over funds and uses a Threshold Signatures Scheme (TSS) to maintain security. The announcement confirms Facebooks claim of interoperability between different wallets. ZenGos TSS-based wallet will be integrated into its existing platform and will support multiple assets. The quick turnaround was possible due to the compatibility of ZenGos TSS with different blockchains, including Libra. The article highlights the need for user-friendly key management and the potential for increased decentralization and privacy in the Libra network.

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Cryptographic asset wallet startup ZenGo has implemented a password-free security architecture based on multiple security layers including biometric 3D face authentication. The company emphasizes the difference between FaceTec’s technology, which is tailored for use by a consenting user, and conventional facial recognition used for surveillance and law enforcement. ZenGos facial biometrics are provided by FaceTec’s ZoOm 3D Face Authentication. The article discusses the advantages of biometric-based authentication and the protection of user privacy. ZenGo has received many questions about its biometrics use and has addressed them in a Medium post. The company launched its crypto wallet to private beta in April and offers server-based account recovery for lost or stolen devices.

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KZen is set to release ZenGo, a mobile app for managing cryptocurrencies securely. The app uses threshold signatures and a biometric face map for authentication. It aims to provide a user-friendly and secure alternative to existing crypto wallets. ZenGos servers and the users smartphone are both required to initiate a transaction, ensuring that the startup cannot access the users cryptocurrencies. The app is currently in beta and supports Bitcoin and Ethereum, with plans to add more assets in the future.

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Israeli startup KZen Networks has raised $4 million in seed funding for a new cryptocurrency wallet. The company aims to provide a secure and user-friendly solution to the problem of storing and managing cryptocurrencies. The funding round was led by Benson Oak Ventures and included participation from other investors such as Elron and Samsung NEXT. The founders of KZen Networks have a background in entrepreneurship and investment, and they believe that their mission is timely given the prevalence of cryptocurrency theft. The company plans to release a private beta of its wallet in the coming weeks.