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LBank Exchange Will List XRoad Initiative (XRI) on February 22, 2022

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Internet City, Dubai–(Newsfile Corp. – February 18, 2022) – LBank Exchange, a global digital asset trading platform, will list XRoad Initiative (XRI) on February 22, 2022. For all users of LBank Exchange, the XRI/USDT trading pair will be officially available for trading at 14:00 (UTC+8) on February 22, 2022.

Figure 1: LBank Exchange Will List XRoad Initiative (XRI) on February 22, 2022

The need for maintaining individual data integrity and security has become ever more important in recent years. As an intersection for management of user’s data from off-chain to on-chain and back, XRoad believes that blockchain technology presents a decentralized and more democratized alternative where data integrity and security are achieved with self-verifying and self-executing smart contracts. With XRoad Decentralized Storage, XRoad Locker, and Oracle solutions, XRoad empowers individual Internet users to leverage blockchain technology for user-friendly access, protection, and control over their data. Its native XRoad Initiative (XRI) token will be listed on LBank Exchange at 14:00 (UTC+8) on February 22, 2022, to further expand its global reach and help it achieve its vision.

Introducing XRoad

The XRoad Project is here to fulfill the growing demand for bringing off-chain environment data into on-chain environments and the growing demand for storage and user control over their data. It aims to provide individual Internet users with the decentralized infrastructure needed to serve as the intersection between blockchain technology and the world’s data, offering XRoad Oracle, Decentralized storage, and Locker for user-powered interoperability between the off-chain world and smart contracts, as well as for individual data self-sovereignty.

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From websites to databases and beyond, the XRoad Oracles serve as the essential data feed for the decentralized world. It bridges the connectivity gap between the off-chain data and blockchain smart contracts effectively and efficiently, providing the ability for interaction with online sources of information and the ultimate transference of this information to the blockchain.

XRoad’s blockchain-based decentralized storage XRDS is the convergence between multi-cloud decentralized data management philosophy with individual data self-sovereignty. It empowers users to store, secure, verify and authenticate their data with the decentralized approach to data management and provides a network that is highly difficult to attack or censor.

And with XRoad Locker, the user is truly in complete control over the accessibility of their data, their registered information, data disclosing and the value of the disclosed data to providers. In another word, users will own their data and decide how their data is used.

In addition, XRoad users can also easily mint NFTs representing ownership of digital assets stored on XRDS, and XRoad Locker enables control over sales and rentals, revenues generated through NFTs.

About XRI Token

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XRI, the XRoad Initiative token, is used throughout the XRoad platform. Without the usage of XRI, access to the XRoad platform is not possible. XRoad Oracle operators receive XRI when processing correct data, maintaining, and operating their nodes. To access and store data on XRDS, transactions must be paid in XRI. And advertisers looking to target specific demographics need to purchase their traffic using XRI. Whether a user is interested in contributing to the XRoad platform’s operation or benefitting from its services, XRI is critical to the sustainability and success of the platform.

The total supply of XRI tokens is 10 billion (i.e. 10,000,000,000), 55% of it is provided for the ecosystem that is used for the promotion, facilitation, and expansion of the XRoad platform; 5% is used for private and public sales, 5% is provided for liquidity, another 25% is allocated to the team and advisors, and the rest 10% is provided for partnership.

The XRI token will be listed on LBank Exchange at 14:00 (UTC+8) on February 22, 2022, investors who are interested in XRoad investment can easily buy and sell XRI on LBank Exchange by then. The listing of XRI on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

Learn More about XRI Token:

Official Website: https://exroad.io
Telegram: https://t.me/xroad_initiative
Twitter: https://twitter.com/xri_ltd_info/
Instagram: https://instagram.com/xri_ltd_info_

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About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.

Start Trading Now: lbank.info

Community & Social Media:

l Telegram
l Twitter
l Facebook
l Linkedin

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Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]

PR Contact:
ZEXPRWIRE
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114190

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution

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Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them

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The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.

Understanding Ethereum and ETFs

Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.

ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.

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Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency

An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.

Key Features of Ethereum ETFs:

  1. Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
  2. Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
  3. Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.

Why Invest in an Ethereum ETF?

  1. Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
  2. Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
  3. Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
  4. Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
  5. Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.

Key Differences Between Ethereum and Ethereum ETFs

While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:

  • Ethereum (ETH):
    • Direct ownership of the cryptocurrency.
    • Full exposure to Ethereum’s features, including staking and network participation.
    • Traded on cryptocurrency exchanges.
    • Highly volatile and largely unregulated.
  • Ethereum ETF:
    • Indirect exposure through shares representing Ether’s value.
    • Traded on traditional stock exchanges under regulatory oversight.
    • Offers a more stable and familiar investment structure.
    • Typically lower volatility compared to direct cryptocurrency ownership.

Future Considerations for Ethereum ETFs

The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.

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As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.

In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.

Source: blockchainmagazine.net

The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.

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Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance

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Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.

Key Achievements and Certifications

  1. SOC 2 and SOC 3 Compliance:
    • SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
    • SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
  2. Additional Trust Service Criteria:
    • Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
  3. Security Certifications:
    • The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
  4. CSA STAR Level 1 Certification:
    • This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.

Impact on Customers and Industry Standards

Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.

Nexo’s Broader Mission

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As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.

In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.

Source: blockchainreporter.net

The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.

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