Blockchain
Singapore and Switzerland Co-Organise Point Zero Forum to Discuss Innovation in Digital Financial Technology
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The Swiss Secretariat for International Finance (SIF) and Elevandi, today announced the launch of the inaugural Point Zero Forum, to be held on June 21-23 in Zurich, Switzerland. This in-person event will provide a platform for global leaders across the public and private sectors to drive the meaningful exchange of ideas and knowledge to advance FinTech and Web3.0 in the digital economy. Key topics of discussion include advances in Decentralised Finance, Embedded and Open Finance and Sustainable Finance, implications for policymakers, and opportunities for FinTechs.
The three-day Forum is organised in cooperation with the BIS Innovation Hub, the Monetary Authority of Singapore (MAS), and the Swiss National Bank (SNB). The Forum will also be supported by Finance.Swiss, Milken Institute and Switzerland Global Enterprise.
The inaugural forum will be jointly opened by Singapore’s Deputy Prime Minister and Coordinating Minister for Economic Policies, Heng Swee Keat and Switzerland’s Federal Councillor and the Head of the Federal Department of Finance, Ueli Maurer.
Mr Heng said,
“Digital technology has tremendous potential to change the world for the better, especially through finance. To unlock this potential, we must find new ways to collaborate, and partner one another to tackle key global challenges and ride the new wave of opportunities. Singapore and Switzerland have worked together to organise the inaugural Point Zero Forum, bringing together global technologists, financial institutions and regulators. Through this Forum, we can add to the global FinTech momentum and strengthen the global movement for innovation and change.”
Mr Maurer said,
“As one of the world’s leading and innovative financial centres, Switzerland is an ideal host to bring international financial market and supervisory authorities together with new players from the world of FinTech. Switzerland has long maintained an intensive financial dialogue with Singapore. Together, we are committed to open markets, international competition and constant innovation. The Point Zero Forum is intended to help ensure that innovation in digital financial technology can flourish and thrive in a secure framework for the benefit of all.”
First speakers, with more to be announced, include:
- Heng Swee Keat, Singapore’s Deputy Prime Minister and Coordinating Minister for Economic Policies
- Ueli Maurer, Switzerland’s Federal Councillor and Head of the Federal Department of Finance
- Thomas Jordan, Chairman of the Governing Board, SNB
- Urban Angehrn, CEO, Swiss Financial Market Supervisory Authority (FINMA)
- Ravi Menon, Managing Director, MAS
- Mary Ellen Iskenderian, President & CEO, Women’s World Banking
- Ralph Hamers, CEO, UBS
- Philipp Rickenbacher, CEO, Julius Baer
- Joanne Hannaford, Chief Technology & Operations Officer and Executive Board Member, Credit Suisse
- Sam Bankman-Fried, CEO, FTX
- Dr. Gabriela Maria Payer, Vice-Chairwoman, Sygnum
- Ben Zhou, Founder & CEO, Bybit
- Jos Dijsselhof, CEO, SIX
- Stefan Klestil, General Partner, SpeedInvest
- Jo Ann Barefoot, CEO & Co-Founder, Barefoot Innovation
- Jason Thompson, CEO, Partior
- Dr. Darian McBain, Chief Sustainability Officer, MAS
- Eric Lim, Chief Sustainability Officer, UOB
- Ericson Chan, Group Chief Information and Digital Officer, Zurich Insurance
- Teana Baker-Taylor, Chief Policy Officer, Chamber of Digital Commerce
- Oliver Bussmann, CEO & Founder of Bussmann Advisory, Former CIO & Group MD of UBS
- Dr. Iwa Salami, Reader (Associate Professor), Centre of FinTech, Department of Law & Criminology, Royal Docks School of Business and Law
- Pinar Özcan, Professor of Entrepreneurship and Innovation, Oxford University
Point Zero Forum guests can choose to discover the Switzerland FinTech Ecosystem through an additional day of tours to innovative companies and labs to learn about the latest developments in Web3.0 and Zug.
Point Zero Forum is an invitation-only forum for senior leaders from government and regulators, financial institutions, technology companies, digital asset and blockchain networks, academia and investors. To register interest, or to nominate a guest please visit www.pointzeroforum.com.
State Secretariat for International Finance
The State Secretariat for International Finance represents Switzerland’s interests in financial, monetary and tax matters not only vis-à-vis partner countries but also in the competent international bodies. It is committed to good framework conditions to ensure that Switzerland can have an innovative, interconnected and sustainable financial centre and business location that is among the world leaders. The State Secretariat is responsible for implementing the financial market policy of the Swiss Government.
Elevandi
Elevandi, which means to ‘lift up’ or ‘raise up’ was set up by the Monetary Authority of Singapore (MAS), to bring together the global public and private sectors to advance FinTech in our digital economy. Elevandi is building the future of finance by connecting businesses and people, insights and ideas. Our flagship product is the Singapore FinTech Festival alongside fast rising platforms including the World FinTech Festival and Point Zero Forum.
SOURCE Elevandi
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
![ethereum-etfs-aren’t-blockchain-but-is-a-revolutionary-tech:-top-6-amazing-reasons-to-invest-in-them](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51834-ethereum-etfs-arent-blockchain-but-is-a-revolutionary-tech-top-6-amazing-reasons-to-invest-in-them.png)
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.
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:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- 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.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- 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.
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.
Blockchain
Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
![nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51836-nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance.png)
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
- 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.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- 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.
- 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
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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