Security – Page 2

CRO, the native token of the crypto exchange Crypto.com, has surged by more than 1000 percent in 2021 and is now worth almost US$1, with a current price of $0.89 at time of writing.

What’s Driving the CRO Price?

Data from Messari shows the token has been on the green this year, with three-month returns exceeding 533 percent gains. Its total market cap is now above US$23 billion, with 24hr trading volumes nearing US$300 million.

Crypto.com has been doing a lot for the crypto space lately in terms of partnerships, appearances, deals with high-profile companies in traditional finance, even jumping into the sports industry.

Sports Partnerships and Naming Rights

The main drivers of this rally are Crypto.com numerous sports partnerships this year and becoming the first crypto exchange to pass the SOC 2 test, which is an internationally recognised standard in traditional finance.

The Staples Center – home of the iconic NBA team Los Angeles Lakers – will be renamed Crypto.com Arena after the exchange bought the naming rights. This in itself caused the CRO token to surge over 91 percent in later hours.

Moreover, Crypto.com announced yesterday that it has become the first crypto trading firm to comply with SOC 2 standards. This, the firm says, reassures its position as a trustworthy company for its users.

🔒 Security First: The world’s most secure crypto platform is now even more secure.

✅ https://t.co/vCNztATSCO is now SOC 2 certified, as audited by @Deloitte

Full details 👉 https://t.co/v8GaHN0toO #security #crypto pic.twitter.com/i9whBMH43Z
— Crypto.com (@cryptocom) November 23, 2021

The SOC (Security Organisation Control) 2 is an internal report that attests to the trustworthiness of a company’s information practices, security, procedures and integrity.

NFT Marketplace Assembles Big Names

In early 2021, Crypto.com hooked up with important names from several industries, collaborating with the likes of Lionel Richie, Snoop Dogg, the Aston Martin Formula 1 team, and more. The resulting NFT platform is now one of the top marketplaces for NFT collectors and content creators.

Launch of Free Crypto Tax Software in Australia

The crypto exchange has also been helping Aussies with their crypto tax obligations. Three months ago, Crypto.com launched a crypto tax software package in the country backed by professional tax advisers to facilitate the filing of crypto taxes at no cost.

As the cybersecurity community comes together to celebrate and advocate for encrypted technologies this Global Encryption Day, the OPTF, an Australian digital rights not-for-profit, warns we need more than just end-to-end encryption to keep the internet safe and secure.

End-to-end encryption is an essential technology that protects our right to privacy. It keeps journalists, activists, and everyday people safe online and improves the overall security of the internet.

Being an Australian organisation, the OPTF is extremely concerned to see the Australian government leading the way in a global trend of anti-encryption legislation and regulation. With this in mind, it’s vital for the security community to develop technologies which incorporate not only end-to-end encryption, but additional elements of security.

I don’t know anyone without some kind of encrypted messenger on their phone, if you want security then end-to-end encryption is non-negotiable. But encryption is well and truly under attack. Fear campaigns are attempting to undermine the legitimacy of encryption. Encryption is not a source of evil. All the research supports this.
Alex Linton, spokesperson for the OPTF

The OPTF is funding development for additional technology including decentralised networks and onion-routing which can be used in conjunction with end-to-end encryption to help protect people’s security and privacy online.

October 21, 2021 will mark the first annual Global Encryption Day around the world. The OPTF is a registered Australian not-for-profit and a signee of this year’s Global Encryption Day Statement and is striving to build technology which supports and enhances existing encryption techniques.

The OPTF is the developer of an end-to-end encrypted messenger called Session. Session uses onion-routing, end-to-end encryption, and decentralised networking to provide extreme anonymity, privacy, and security in a mainstream messaging application.