Blockchain
Kudelski Security Completes Security Assessment of Crypto.com Exchange
Crypto.com, the pioneering payments and cryptocurrency platform is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have Cryptocurrency Security Standard Level 3, ISO 27001:2013 and PCI:DSS 3.2.1, Level 1 compliance.
With over 50+ years’ experience in engineering and cryptography to turn security into a powerful business enabler, Kudelski Security’s recently launched Blockchain Security Center (BSC), offers a suite of services, including cryptography expertise, to the blockchain crypto, exchange, developer, and enterprise community.
Crypto.com completed a detailed security assessment, which included external penetration testing, threat modelling through to risk control reviews. In addition to their own extensive analysis, Crypto.com engaged the Kudelski Blockchain Security Center to conduct a thorough external security test and full threat modeling exercise to ensure the completeness of their security controls.
Andrew Howard, CEO of Kudelski Security said: “We consider Crypto.com a critical project and an example of a fully transparent company that operates its exchange and crypto offerings with security and data privacy at the forefront. Through our collaboration, we were able to resolve any found vulnerabilities, showing the value that exchanges can derive from partnering with a comprehensive security company. Programs built upon NIST Cybersecurity Framework or similar compliance, standards, and testing have proven to be successful within traditional banking communities and as the crypto market matures, it’s great to see Jason and Crypto.com leading mature adoption of security practices.”
Jason Lau, Chief Information Security Officer of Crypto.com said: “A key component of any cybersecurity strategy is to engage with external security auditors to provide additional assurance. Security threats can come from many different areas, and my philosophy is to work with the best in the industry to help safeguard our systems, and further shows our commitment to cybersecurity in the crypto-space. ”
Kris Marszalek, Co-Founder and CEO of Crypto.com said: “Crypto.com is already CCSS (Level 3), PCI-DSS (Level 1) and ISO 27001:2013 compliant. Assurance by Kudelski Security is yet another step to safeguard out platform. We will continue investing heavily in our people, technology, and processes to maintain the highest standard of security in the industry.”
SOURCE Crypto.com
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
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Blockchain
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