A cryptocurrency platform Uphold (previously Bitreserve) has revealed it plans to improve its security by integrating to Ledger (a security and infrastructure solutions company) Wallet’s technology. Uphold co-founder J.P. Thieriot said, “It’s always been our view that security’s been the most important issue with respect to mass adoption with cryptocurrencies. The only reason people would take a risk of moving their money away from the boring old bank on the corner is if they can derive benefits taking the plunge.”
As an effort in solving the security-related issues in the blockchain technology, Italy has shared that they’re currently preparing to launch legislation on that particular area. The country has realized the potential on blockchain technology in enhancing various sector however admitting the blockchain technology industry still requires more time to mature and to be fully adopted.
An announcement has been made by Kudelski Security regarding its new strategic partnership with a global leader in blockchain security and smart contract auditing, Hosho. The CEO of Kudelski Security, Rich Fennessy explained, “Hosho has the expertise and reputation for auditing the ‘smart contracts’ that are essential to blockchain business process workflows.”
A blockchain security company based in Taiwan, CoolBitX have established strategic partnership with Asia Blockchain and Crypto Association (ABACA), the appointed Self-Regulatory Organization (SRO) of the Cagayan Economic Zone Authority (CEZA). The aim of the collaboration is to introduce cold storage for a security token to provide a secure environment.
As an effort in combating the criminal use of cryptocurrencies, Big Blockchain Intelligence Group has launched the Crypto Fusion Center (CFC). The BIG’s Director of Forensics and Investigation, Robert Whitaker explained, “If you want to protect yourself and your colleagues from preventable illicit activities involving cryptocurrency, we look forward to building community with your support.”
A blockchain and mobile technology company, NYNJA Group Ltd. have shared that memorandum of understanding (MOU) has been signed with a blockchain security company, Pukao Global. The MOU signed between the two parties aims to establish and exchange technology to solve the possible attacks that could occur on the blockchain and make the technology accessible to everyone.