ROKKEX

RIP counterfeit Nikes, I guess 🙂

Thomas Olsen, a partner at Bain & Company explains, “Once blockchain platforms are widely implemented in an industry, cost structures will change, pricing will change, and there will be a new, more efficient equilibrium. At that point, competitive advantage will not be that blockchain platform, it will be who uses it faster or better—your ability to add value to it, or distribute it, or make it easier for your clients to use.”

Can Blockchains Give You Competitive Advantage? As companies gain traction with using blockchains for business gain, it could set off a new arms race. Leaders will work to stay a step ahead, using the technology to deliver new features, find novel ways to commercialize, and continue to reduce cost structures through blockchain-driven automation.

The market value for IT workers with blockchain skills increased by 6.3% in the six months through Oct. 1, 2019 and a whopping 13.3% for the full year – “well above average,” according to the Foote Partners research.
“So, companies are willing to pay a premium above salary – cash money – for Ethereum skills and a market basket of other blockchain skills,” Chief Analyst David Foote said.

For IT pros, adding blockchain skills can pad your paycheck – by a lot Beefing up on skills around blockchain development, management or engineering can earn techies some big bucks above their current salary.

From day one ROKKEX has emphasized the importance of complying with the latest KYC and AML regulations to ensure transparency so there would be no room for illegal activities whilst dealing with digital currency operations.
We made sure that our KYC procedures and money laundering detection engine prevents any fraudulent operations from happening by utilizing industry-leading in-house software and AI solutions.

It is a pity, but according to the Q3 Cryptocurrency Anti-Money Laundering (AML) Report prepared by the blockchain compliance solutions provider CipherTrace around a third of the top 120 exchanges have little or no KYC, and the two-thirds are lacking in strong KYC policies.
Learn more about the study in the article below.

A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace - CoinDesk Around one third of the top 120 exchanges are "weak" when it comes to know-your-customer (KYC) verification, while two-thirds "lack strong KYC policies," the firm said.

Even though the demand for cold storage wallets has increased after attempts to compromise 2 well-known South Korean cryptocurrency trading platforms like Upbit and Bithum back in 2017, it appears that the demand for cold wallets was not huge enough.
Consequently, we are presented with the news that today $49M worth of Ethereum was stolen from Upbit. According to our calculations, it is possible that the majority if not all Ethereum had been stored directly in Upbit rather than cold storage.
We've been talking about the importance of having cold storage solutions non-stop for months now, and we cannot express enough how incidents such as this sadden us because they could have been well prevented!

Here's just one of our articles regarding the wallets: https://blog.rokkex.com/which-crypto-wallet-should-you-choose-26dfcf84c1ae/

Crypto Exchange Upbit Confirms Theft of $49M in Ether - CoinDesk 342,000 ether have been taken from the wallets of South Korean crypto exchange Upbit, the firm's CEO says.