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
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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