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.

We keep hearing about all these dying or failing crypto exchanges almost every month now. We cannot even imagine how many more close down without any announcement. What happened to them? What were their mistakes? Are all exchanges heading towards the demise?

Exchanges That Faded Away - What Are Their Stories? | ROKKEX We keep hearing about all these dying or failing crypto exchanges almost every month now. We cannot even imagine how many more close down without any announcement. What happened to...

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.

Over a decade ago Bitcoin was created introducing an entirely new industry of cryptocurrencies and blockchains that are currently being used around the globe. However, this market remains relatively small.

As of today, the aggregate market capitalization of all digital assets comes in at $205 billion, whilst the global stock market is valued at $82.2 trillion in aggregate. This makes the global stock market valued 40,000% higher than cryptocurrencies.

Nevertheless, according to the Deutsche Bank strategist Jim Reid, there are potential risk factors in the “current fiat system,” which he called “fragile” and that it “could unravel in the 2020s.” Reid also claimed that if such occurrence does take place, there will be a “backlash against fiat money and demand for alternative currencies, such as gold or crypto could soar.”

It’s important to note that to support his claims, Reid looked to the high levels of inflation of the dollar back in the 1970s specifically, that led to a surge in the prices of gold.

Do you agree?

Deutsche Bank Gives Crypto Enthusiasts Some Hope to Hang On After a rough start to life, crytocurrencies may be on the cusp of a breakout decade if Deutsche Bank AG’s contrarian call comes true.

Bitcoin’s recent price fluctuations came amidst a transaction that moved nearly $9 billion in BTC in a single hour on Wednesday.

-Technical update-

Credit card support has been successfully enabled on our platform, meaning that you can now easily deposit money to your ROKKEX account straight from your card. Also, we’re currently working to have our own mobile app implemented as soon as possible. Stay tuned!

Next Generation Crypto Currency / FIAT Exchange

What makes this set of code so special? Why do people keep expecting major changes, all thanks to smart contracts?
Find out in our latest article!

All You Should Know About Smart Contracts For a few years now, more and more articles keep popping up with titles trying to predict how smart contracts will revolutionize our lives, change the web, or p

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.

As the saying goes, “not your keys, not your crypto.”

Cryptocurrency ATM count just surpassed 6,000. This comes up to a 50% rise in 2019. Why would an entirely digital currency need a physical ATM you ask? Let’s break down everything there is to know about it.

Why, How and Who Are Using Crypto ATMs? Cryptocurrency ATM count just surpassed 6,000. This comes up to a 50% rise in 2019. This growth might seem odd, knowing that fiat ATMs network expansion is sl

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.