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The Austrian State Printing House (OeSD): Young Demographic Increasingly Drawn to Digital Assets and Cryptocurrencies

Photo source: theconversation.com

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A survey among 5,000 Americans conducted by Crypto Radar1 has revealed that 6.2 percent of US citizens already own Bitcoins and a further 7.3 percent are planning to invest in digital assets. Young men aged 25 to 34 made up the group were most interested in digital investments. In this demographic, 11.6 percent are thinking about acquiring Bitcoins. This shows that young people are increasingly drawn to digital assets, particularly in comparison to established investment formats such as shares. A Gallup survey2 conducted in the US in 2017 found that in the youngest group of respondents (18-34 years), roughly 24 percent were convinced that shares were the best choice when looking for a long-term investment. Also in Europe, where interest rates are stagnating at their present low, more and more people are considering digital assets as an investment option.

Secure storage of digital values is becoming an issue

Youniqx Identity AG, a subsidiary of the Austrian State Printing House, has developed a solution for storing digital values such as cryptocurrencies in the blockchain in a highly secure and forgery-proof way: Chainlock allows for secure offline storage of Bitcoins, Etherium and other digital assets. The process of key generation is one of several features increasing security. To manage their assets stored in the blockchain, users always need a so-called “private key”. Any person who knows this private key has access to the digital values. As a result, the private key is a popular target of cybercriminals. Particularly private keys that are stored on several online platforms or that are connected to the Internet in any other way are prone to cyberattacks. A recent case reported by the Wall Street Journal3, where bitcoins with a worth of about 24 million dollars were stolen, just underlines the threat for private keys.

At chainlock, the private key is generated in the high-security zone of the Austrian State Printing House in a process that is fully offline. Multiple security measures ensure that not a single person apart from the chainlock user, not even staff at the State Printing House, has access to this highly sensitive private key. “With chainlock, we have created a highly secure solution for safely storing digital assets that is suitable for anyone who owns Bitcoins or other digital values. Using chainlock is easy and always a safe bet even for those less IT-savvy,” CEO Lukas Praml says. Handling and storing the chainlock card is easy and does not require any specialised IT skills.

Highly innovative and highly secure

In this way, chainlock offers a highly innovative and highly secure solution to prevent the theft of cryptocurrency. For this reason, it is an attractive solution for all those interested in digital assets in the light of current interest rates.

Advantages of this B2B product:

  • Key generation in a high-security zone: the generation procedure, for which a patent application has been filed, ensures that nobody can view the key pair – not even youniqx Identity AG staff.
  • Effective counterfeiting protection: the security seal ensures that nobody can secretly read the private key.
  • 100% offline: unauthorised access to the private key via internet, WiFi, NFC, CryptoLocker, private-key scammers, etc. can be ruled out.
  • Water- and heat-resistant: the new credit-card-sized chainlock card is robust and handy.
  • 100% independent: the private key’s owner benefits from coins created due to forks.
  • Simple use: IT knowledge is not required (find the app at chainlock.com/app).
  • 100% user autonomy: nobody but the owner can use the private key.

B2C: chainlock is available via various partners such as Tokenize Exchange in Singapore and Coinfinity in Central Europe.

Blockchain

OKEx Launches OKB Ecosystem Monthly Report: Expands 5 C2C Markets and 36 New Use Cases

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On Dec 10 2019, the world leading crypto exchange OKEx launched OKB Ecosystem Monthly Report. According to the report, OKB ecosystem made great progress mainly on two aspects: transaction and new use cases expanding.

OKB is newly listed on five C2C exchanges covering major countries and areas recently. In addition to that, the number of OKB new use cases reached 36, including 11 platform-empowered use cases and 25 external use cases.

Besides, through a buy-back & burn scheme and the token economy model, OKB is now ranked among the top 20 global cryptocurrencies by market capitalization with approx. USD110 million daily average trading volume in C2C market.

Now, OKB is being turned into a global token. Thus, to occupy the C2C market, the first step for users to get into crypto world is crucial. OKB is now on OKEx C2C market, accounting for approx. USD110 million daily average trading volume from tens of thousands of users.

Besides, OKB is also listed on ALINIEX, Bvnex, two major C2C exchanges in Vietnam and Bitsonic, Probit, two major C2C exchanges in South Korea.

Apart from expanding transaction methods, OKB also made huge improvement in expanding use cases. The report shows that the number of OKB platform-empowered use cases has increased to 11 and teamed up with 25 partners to build the OKB ecosystem, which means, OKB is not only a token based on OKEx, the native token on the soon-released OKChain and OKDEx and the only accepted token for OKEx jumpstart, but also expanded to other industries, like network security (Slowmist, Beosin, Certik), finance service (13 platforms including LinkEye, Molecular Future, etc.) and lifestyle (9 platforms including Tripio, BitTorrent, etc.)

For example, OKB holders can book their stay at 450,000+ hotels worldwide with OKB on Tripio, the world’s first decentralized travel booking marketplace based on blockchain.

At the end of the report, it also disclosed some details of OKChain and OKDEx. OKChain is currently at the final development stage and its testnet will be launched soon. As the first Defi application OKDEx will also be available on OKChain by that time.

SOURCE OKEx

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ANSYS Accelerates Electronic Product Design And Signoff For Global Custom ASIC Leader

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Global Unichip Corp. (GUC), the global custom application-specific integrated circuit (ASIC) leader, has adopted ANSYS (NASDAQ: ANSS) to support its unmatched combination of advanced technology, low-power and embedded CPU design capabilities.

Providing advanced ASIC services that meet the needs of today’s innovative technology enterprises requires a fast introduction, timely resolution to customer problems and successful signoff. GUC selected ANSYS® RedHawk-SC™ to support the significant needs of its customers by effectively executing designs with more than one billion device instances and completing the full-chip systems-on-chip (SoC) power integrity and reliability signoff in less than two days.

ANSYS RedHawk-SC is built on ANSYS® SeaScape™ — the world’s first custom-designed, big data architecture for electronic system design and simulation. ANSYS SeaScape features big data architecture for electronic system design and simulation and provides elastic compute scalability to enable rapid design iteration, increased scenario coverage and greater accuracy for full-chip SoC signoff for advanced nodes. ANSYS RedHawk-SC’s actionable analytics provide designers with key insights to prioritize design fixes and enable easy viewing and querying of large design databases in minutes for faster debugging. Efficient hardware utilization makes the platform ideally suited for high-performance computing, artificial intelligence and datacenter applications.

“GUC is committed to providing world-class custom ASICs to help elevate prospective systems and integrated circuit (IC) companies’ market-leading positions,” said Louis Lin, senior vice president, GUC. “As IC manufacturing processes become more complex, there are more elements to simulate and compute during chip design and verification to ensure reliability and minimize power loss. ANSYS helps us minimize this complexity, speed our time to market and reduce development costs. Our partnership with ANSYS has been a cornerstone in helping our clients succeed in the IC market.”

“As a custom ASIC leader, GUC requires cutting-edge solutions for fast and accurate results,” said John Lee, vice president and general manager, semiconductor business unit at ANSYS. “RedHawk-SC meets the market’s unique needs for addressing multiphysics challenges — we are seeing an influx of customers deploying RedHawk-SC for the most complex product and design signoff.”

 

SOURCE ANSYS, Inc.

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The first global, stabilised, digital currency controlled by its holders, SAGA (SGA) lists on global cryptocurrency exchange Liquid

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The first global, stabilised, digital currency controlled by its holders, SAGA (SGA) lists on global cryptocurrency exchange Liquid

 

Global cryptocurrency platform “Liquid.com” today announced that it is the first exchange to list Saga token (SGA) for secondary trading.

SGA is the first global, stabilised, digital currency controlled by its holders and will allow global citizens to store and move value without friction across borders. It complements existing national currencies and offers a store of value outside the remit of national government and banking structures.

In order for SGA to serve as a global currency, it is fully backed by a strong basket of national currencies that replicate the International Monetary Fund’s SDR. Based on the SGA’s market movements, measured by the number of tokens issued, the Saga monetary model will gradually diminish reliance on the reserve as users’ confidence in SGA grows. Together, these measures are designed and implemented to reduce price volatility while allowing SGA to grow beyond a simple fiat-backed / pegged stablecoin.

SGA holders will also be the masters of the currency and, as a result, they will govern the Saga economy through a variety of voting mechanisms, designed to facilitate genuine representation of participants – balancing between identity and stake – and to generate long-term success for the currency. Holders will have to undergo an online Know Your Customer (KYC) process that ensures compliance within Anti-Money Laundering (AML) standards while maintaining their privacy.

The Saga token will initially be traded against the USD, Bitcoin and Ethereum, while more trading pairs are expected in the future.

“After in-depth conversations with our advisors and months of carrying out our own market research, we decided that Liquid is the ideal exchange partner for Saga. Liquid is one of the largest and most reputable cryptocurrency exchanges, offering customers a secure way to trade and hold SGA,” said Saga Founder Ido Sadeh Man. “Listing SGA on Liquid is an important milestone in bringing the Saga token to market.”

“We are delighted to offer Liquid customers the opportunity to buy and trade SGA. We believe SGA offers our traders an interesting opportunity as we see great value in Saga’s approach of replicating the mechanics of central bank national currencies and applying them on a global scale,” said Liquid’s CEO and co-founder, Mike Kayamori. “At Liquid, our core values are transparency and compliance, and as these are two key properties of SGA, a partnership between Liquid and Saga was a natural match.”

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