Blockchain
CES 2022: CoolBitX Unveils New CoolWallet Pro NFT features for Pioneering DeFi Hardware Wallet at TTA Pavilion
![](https://theblockchainexaminer.com/wp-content/uploads/2022/08/CES-2022-CoolBitX-Unveils-New-CoolWallet-Pro-NFT-features-for-Pioneering-DeFi-Hardware-Wallet-at-TTA-Pavilion.jpg)
Crypto security pioneer CoolbitX has announced that it is debuting at CES 2022 the new in-app integrated non-fungible tokens (NFT) functions for its flagship CoolWallet Pro, the leading DeFi-focused mobile cold wallet with a credit card form factor at CES 2022.
The CoolWallet upgrade includes integrated support for the world’s leading NFT marketplaces OpenSea and Rarible and a daring metaverse-focused innovation lab comes in response to the growing evolution of digital assets in 2021, and positions it well for the expected boom in new NFT applications to be used across DeFi, GameFi, Web 3.0 and metaverse protocols in 2022.
CoolWallet Pro Answers Rising Demand for Opensea and Rarible NFTs
Launched in 2016, CoolbitX’s flagship product, CoolWallet allows users to not only safely store an ever-growing portfolio of elite digital assets, but to also interact with an integrated in-app marketplace that provides access to the world’s best decentralized finance protocols and exchanges, and the unique services they provide, such as DeFi staking, borrowing and lending.
NFTs have enjoyed incredible mainstream adoption and pop culture success in 2021, with projects like Bored Ape Yacht Club (BAYC), NBA TopShots, and CryptoPunks generating millions in revenue and aligning with some of the world’s biggest brands such as Nike, Visa and Adidas. There is no question anymore that NFTs serve as a bridge between real-world and digital asset ownership. Practical enterprise applications and use-cases available across a variety of exciting new industries such as metaverse, Play-to-Earn (P2E) and Play-to-Learn (P2L) gaming are widely expected for 2022.
As such, CoolWallet Pro is now offering mobile in-app integrated NFT functions, which features support for leading NFT marketplaces such as OpenSea and Rarible. It not only benefits original CoolWallet users but also serves as an accessible portal to bring new audiences from outside the crypto space to participate in the industry.
“We have been committed to our mission of fostering the mass adoption of crypto assets since 2014, when we began work on the world’s first Bitcoin mobile hardware wallet. NFT support on the CoolWallet will help to seamlessly blend our users’ physical and virtual worlds, empowering them to manage and protect both their crypto assets and digital collectibles with confidence. At the same time, it opens the doors to limitless partnership opportunities with NFT creators and we look forward to many more exciting projects to come,” says Michael Ou, CEO and Founder of CoolBitX.
CoolWallet Pro supports more currencies
CoolWallet Pro users can earn passive income on their DeFi (decentralized finance) assets such as Polkadot (DOT), Cosmos (ATOM), and Tron (TRX), with support for Cardano (ADA), Polygon (MATIC), Solana (SOL), and other leading currencies in the pipeline.
This comes in addition to its existing native support of BTC, ETH, LTC, XRP, BCH, ZEN, BNB, DOT, ATOM, TRX, USDT, USDC, and ERC20, BEP20, and TRC20 tokens.
CoolBitX to make NFTs securely accessible to all
In the meantime, CoolBitX is exploring possibilities to attract audiences outside the crypto space through the newly launched “CoolBitX Innovation Lab“. It introduced its first ‘metaverse-like’ project, NAO NFT, which brings together the virtual and physical worlds through an exclusive collaboration with Jinguji Nao, a Japanese adult film actress.
The NAO NFT project includes four special auction items and limited blind box offerings that will be sold through the CoolBitX Innovation Lab project site. Each NAO NFT pack comes with a threefold surprise — an exclusive NFT; a dedicated Nao version CoolWallet Pro hardware wallet, and a possible mystery prize from Nao herself.
For many creators looking to enter the crypto industry, entry barriers are high and also require potential collectors to understand the value of this new form of content creation.
However, CoolWallet’s unique design provides a tangible aspect to the collector, which may be more familiar and hence more viable for mass-market adoption, whilst at the same time safe keeping the consumer’s digital assets and NFT collection.
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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