Cryptocurrency exchanges

Liquid.com Bolsters Security for Cryptocurrency Exchange with Sumo Logic | Markets Insider

Liquid.com Bolsters Security for Cryptocurrency Exchange with Sumo Logic | Markets Insider

REDWOOD CITY, Calif., May 11, 2020 (GLOBE NEWSWIRE) — Sumo Logic, the leader in continuous intelligence, today announced that global cryptocurrency platform, Liquid.com (Liquid), has chosen Sumo Logic Cloud SIEM to provide real-time security intelligence and insights to bolster application security and compliance for its leading platform which processes more than one billion transactions a day. By leveraging Sumo Logic Cloud SIEM, Liquid is able to maintain full visibility of its global cryptocurrency exchange and detect any potential threats, while supporting a globally distributed team and multi-cloud technology stack.

Founded in 2014, Liquid provides trading, exchange and next-generation financial services powered by blockchain technology. With a mission to elevate cryptocurrency as a mainstream form of payment, the platform offers 180 different cryptocurrencies and powers 1.3 billion transactions daily through its platform. As a thoroughly modern organization, Liquid doesn’t operate any on-premise hardware or software. All of its technology is developed and deployed in the cloud through Amazon Web Services (AWS), Google Cloud Platform (GCP) and Heroku.

“Our platform receives more than a billion visitors each week from our website and mobile app,” said Michael Mullins, chief information security officer, Liquid. “While the vast majority of our traffic is legitimate, a significant percentage comes from cyber groups who are looking for opportunities to breach our platform. We needed to add real-time security intelligence to monitor and analyze our log data as part of our already robust security program to protect our operations and extensive application portfolio and that’s where Sumo Logic comes in.”

After an extensive evaluation, Liquid selected Sumo Logic’s Cloud SIEM solution because of its extensive integration capabilities, easy setup, competitive pricing and outstanding support. Today, various teams across Liquid leverage the continuous intelligence delivered by Sumo Logic to ensure transaction legitimacy and security. With Sumo Logic, Liquid is able to automate its data analytics and log monitoring processes to quickly identify, investigate and remediate fraudulent transactions and potential API vulnerabilities before it can be exploited. With the time and resources saved because of Sumo Logic, Liquid’s security team is now able to be more proactive in identifying potential threats.

Built on Sumo Logic’s Continuous Intelligence Platform™, the Cloud SIEM and Cloud SIEM Enterprise solutions address the challenges facing today’s modern security operations center (SOC). Its cloud-native, multi-tenant, elastic scale approach helps break silos which hinder modern security workflows by enabling security, IT and DevOps teams to collaborate with common analytics and workflow.

“The financial services industry is a highly regulated environment and cryptocurrency exchanges are responsible for a substantial amount of sensitive data that needs to be secured,” said Greg Martin, VP and general manager, security business unit, Sumo Logic. “Our work with Liquid illustrates the value of continuous intelligence for scaling modern businesses with ever-expanding digital surfaces, to provide a holistic view of the threat landscape allowing them to quickly mitigate risk so they can continue to accelerate their processes and conduct business effectively.”

Additional Resources

About Sumo Logic
Sumo Logic is a leader in continuous intelligence, a new category of software, which enables organizations of all sizes address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. The Sumo Logic Continuous Intelligence Platformâ„¢ automates the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. More than 2,000 customers around the world rely on Sumo Logic to build, run, and secure their modern applications and cloud infrastructures. Only Sumo Logic delivers its platform as a true, multi-tenant SaaS architecture, across multiple use-cases, enabling businesses to thrive in the Intelligence Economy.

Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.

Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.

Media Contacts
Melissa Liton
Sumo Logic
mliton@sumologic.com 
(650) 814-3882

Harper Schmidt
PAN Communications for Sumo Logic
sumo logic @pancomm.com 
(415) 544-7220

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

Source: markets.businessinsider.com

Author: finanzen.net GmbH


Exchange Crypto with 0% Fees in Lumi Wallet | Press release Bitcoin News

Exchange Crypto with 0% Fees in Lumi Wallet | Press release Bitcoin News

Exchange crypto with 0% Fees in Lumi Wallet

Everybody’s sick of commissions. Lumi Wallet is renouncing them, introducing 0% Fees on all crypto to crypto exchange operations. All you need to get rid of hidden fees is the Lumi Wallet app and the promocode – BTCNEWS.

Why is Lumi doing this?

Decentralized finance has undeniable advantages over fiat currencies: convertibility, diversification, speed, and security of transfer. But the junction of two worlds – crypto and fiat – is where we face the necessary evil – transaction fees.

Lumi is a private wallet. It does not collect or ask for any data from you, and it does not have control over your funds. However, when you are using exchange services in any wallet, avoiding the danger of holding your money directly on an exchange, there are always some inside commissions you pay for the extra layer of security.

Lumi always had some of the lowest fees on the market, but now, celebrating years of hard work, it has decided to give its users a unique offer in the crypto space – 0% fees on crypto to crypto transactions. Whenever you exchange BTC, ETH, EOS or any other currencies present in Lumi wallet, you just have to enter the promo code BTCNEWS and the commission fee will be reduced to 0.

Openness and convenience

These have always been a priority for Lumi, so what better way to celebrate the latest major update, which includes a bunch of new language localizations, design tweaks and the long-awaited open-source, than seamless, fee-less transactions for wallet users?

How to Exchange Crypto with Zero Fees?

The process is simple:

1. Open your Lumi Wallet app.
2. Go to the ‘Settings’ menu (the three horizontal lines at the top right)
3. Tap on the ‘Promo Codes’ menu
4. Type in the code BTCNEWS and save it

And that’s it! Now you can trade your crypto with zero fees. Just tap on the ‘Exchange menu’ and start your trade!

0% Fees are here to stay

So don’t forget to tell your friends about this offer and share it on social media and to stay updated on all news and offers, follow Lumi Wallet’s lively blog. If you have any questions about Lumi, don’t hesitate to write to hello@lumiwallet.com.

Contact Email Address
pr@lumiwallet.com

Supporting Link
https://lumiwallet.com/

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Crypto Exchange Clone

Crypto Exchange Clone

Source: staging.dawleytownhall.co.uk


Binance invests in Indonesian cryptocurrency exchange Tokocrypto

Binance invests in Indonesian cryptocurrency exchange Tokocrypto

Tue, May 12, 2020 – 10:26 AM

INDONESIAN cryptocurrency exchange Tokocrypto has received an undisclosed investment from Binance, the global cryptocurrency exchange backed by Singapore venture firm Vertex Ventures.

Tokocrypto will use the fresh capital to hire new talent in areas including senior-level management, marketing and customer support, adding to its current headcount of 42 employees, the startup’s chief executive Pang Xue Kai told The Business Times. 

The funds will also be used to launch new products, enhance technology, and to launch blockchain education initiatives in the region. “We are also using these funds to set up remote offices in different parts of Indonesia… As of now, our plans are to remain in Indonesia and to tap this market,” he said. 

The crypto buzz may have largely fizzled out from its heyday in 2018, but Mr Pang thinks that Tokocrypto still has a role to play in facilitating continued trading in Bitcoin and other cryptocurrencies in the Indonesian market. 

The two-year-old startup earns revenue from charging fees for the transactions. Tokocrypto’s average daily transaction volume currently stands at about US$700,000, Mr Pang said. The startup had been on the lookout for strategic investors and found the right fit with Binance. It previously raised seed funding from Singapore digital asset trading firm QCP Capital.

“This partnership is something that will be very beneficial for Tokocrypto. Binance has the technical expertise and we will be leveraging on that, so that we can protect our customers’ assets with a very high level of confidence,” he added. 

One of the major challenges that crypto exchanges have faced is in cybersecurity. Binance, which is one of the largest exchanges by trading volume, had US$40 million worth of Bitcoin stolen by hackers in 2019. 

Acknowledging the importance of preventing hacks, Mr Pang said that Tokocrypto is focused on investing in both internal and external processes, such as using “cold wallets”, or wallets that are completely offline, for safe storage of cryptocurrencies. 

In a press release, Binance chief executive Zhao Changpeng said: “Our investment in Tokocrypto will allow us to explore exciting new opportunities together for the Indonesian market with a regulated local partner to further enable the freedom of money.”

Source: www.businesstimes.com.sg

Author: Sharanya Pillaihspillai@sph.com.sg@SharanyaBT


Liquid Bolsters Security for Cryptocurrency Exchange With Sumo Logic

Liquid Bolsters Security for Cryptocurrency Exchange With Sumo Logic

Company Adopts Sumo Logic’s Cloud SIEM to Secure More than One Billion Platform Transactions Per Day and Support Globally Distributed Team and Multi-cloud Technology Stack

Sumo Logic, the leader in continuous intelligence, announced that global cryptocurrency platform, Liquid.com (Liquid), has chosen Sumo Logic Cloud SIEM to provide real-time security intelligence and insights to bolster application security and compliance for its leading platform which processes more than one billion transactions a day. By leveraging Sumo Logic Cloud SIEM, Liquid is able to maintain full visibility of its global cryptocurrency exchange and detect any potential threats, while supporting a globally distributed team and multi-cloud technology stack.

Founded in 2014, Liquid provides trading, exchange and next-generation financial services powered by blockchain technology. With a mission to elevate cryptocurrency as a mainstream form of payment, the platform offers 180 different cryptocurrencies and powers 1.3 billion transactions daily through its platform. As a thoroughly modern organization, Liquid doesn’t operate any on-premise hardware or software. All of its technology is developed and deployed in the cloud through Amazon Web Services (AWS), Google Cloud Platform (GCP) and Heroku.

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“Our platform receives more than a billion visitors each week from our website and mobile app,” said Michael Mullins, chief information security officer, Liquid. “While the vast majority of our traffic is legitimate, a significant percentage comes from cyber groups who are looking for opportunities to breach our platform. We needed to add real-time security intelligence to monitor and analyze our log data as part of our already robust security program to protect our operations and extensive application portfolio and that’s where Sumo Logic comes in.”

After an extensive evaluation, Liquid selected Sumo Logic’s Cloud SIEM solution because of its extensive integration capabilities, easy setup, competitive pricing and outstanding support. Today, various teams across Liquid leverage the continuous intelligence delivered by Sumo Logic to ensure transaction legitimacy and security. With Sumo Logic, Liquid is able to automate its data analytics and log monitoring processes to quickly identify, investigate and remediate fraudulent transactions and potential API vulnerabilities before it can be exploited. With the time and resources saved because of Sumo Logic, Liquid’s security team is now able to be more proactive in identifying potential threats.

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“As we continue to operate in a very challenging environment, Sumo Logic provides us with critical information we need to defend our systems, data and customers,” said Mullins. “Cloud SIEM has become an essential part of our business and technology architecture that has enabled us to give our customers confidence as a highly secure regulated exchange.”

Built on Sumo Logic’s Continuous Intelligence Platform, the Cloud SIEM and Cloud SIEM Enterprise solutions address the challenges facing today’s modern security operations center (SOC). Its cloud-native, multi-tenant, elastic scale approach helps break silos which hinder modern security workflows by enabling security, IT and DevOps teams to collaborate with common analytics and workflow.

“The financial services industry is a highly regulated environment and cryptocurrency exchanges are responsible for a substantial amount of sensitive data that needs to be secured,” said Greg Martin, VP and general manager, security business unit, Sumo Logic. “Our work with Liquid illustrates the value of continuous intelligence for scaling modern businesses with ever-expanding digital surfaces, to provide a holistic view of the threat landscape allowing them to quickly mitigate risk so they can continue to accelerate their processes and conduct business effectively.”

Source: www.aithority.com

Author: Authors


Liquid.com Bolsters Security for Cryptocurrency Exchange with Sumo Logic | Markets Insider

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