Author: Ryan Browne
WISeKey’s Digital Health Passport to Include a Trusted Vaccination Digital Certificate
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WISeKey’s Digital Health Passport to Include a Trusted Vaccination Digital Certificate
Geneva – November 9, 2020 – WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity, AI and IoT company, today announced that in cooperation with partners has integrated a vaccination certificate on its WIShelter SafePass which ensures users’ privacy, security and safety whilst providing access to diagnostics, vaccine education and necessary medical services and data.
Gaining a vaccine to help contain the spread of novel coronavirus would provide a big boost to the global economy in 2021, but the initial geographic distribution of that benefit will likely depend on the deployment technologies used for this vaccine. The use of digital certification technologies such as the one provided by WISekey ensures that the right digital technologies are being harnessed to support the public-health response to COVID-19 worldwide, including population surveillance, case identification, contact tracing and evaluation of interventions on the basis of mobility data and communication with the public.
WISeID is a trusted identity service that enables access to the web and mobile applications with strong authentication techniques. WISeID supports online KYC onboarding, OTP and digital certificate login, and an innovative “hands-free” secure login based on QR-Codes which users can read using WIShelter SafePass mobile application without even having to type any password. Additional security services include digital signature services for documents. WISeID implements standards such as OpenID Connect and OAUTH2, that can be easily integrated by customers to enhance the security of their cloud applications. WISeID can also be combined with Microsoft Active Directory, facilitating integration with corporate applications.
The WIShelter Safepass suite was built by leaders in the clinical and technical field and allows for scalability and flexibility. It enables users to identify clinical COVID biomarkers, contact tracing, diagnostics, and triage for vaccine access, whilst keeping security at its core.
All health details are encrypted and linked to the user’s identity, represented by a Digital Certificate. Encrypting this data is important to protect users’ confidential information and ensuring that theyare staying up-to-date with their health credentials, and is in compliance with all privacy requirements, like the European General Data Protection Regulation (Directive 95/46/EC), known as GDPR, the primary law regulating how companies protect EU citizens’ personal data. WISeKey is a fully Qualified Trust Service Provider (TSP) under eIDAS, the updated EU regulations dealing with trusted eID and electronic transactions and Webtrust.ORG.
Using their digital identity secured by WISeKey, users will be able to geo-localize other certified users and stablish secure communications. If needed, the app allows users to prove to local authorities that they are respecting the stay at home recommendations. To ensure the data privacy, each user’s Personal Identifiable Information is kept encrypted and never disclosed without their consent.
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN, NASDAQ: WKEY) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.
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This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSA’s predecessor legislation or advertising within the meaning of the FinSA, or within the meaning of any other securities regulation. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
The securities offered will not be, and have not been, registered under the United States of America Securities Act of 1933, as amended, and may not be offered or sold in the United States of America, absent registration or an applicable exemption from the registration requirements of said Act.
Author: News Bureau
Canadian Tax Authority Requests Coinsquare User Data
More trouble could be brewing for Canadian cryptocurrency exchange Coinsquare following the wash trading allegations against several of its top officials by the nation’s regulator. In the latest twist to the company’s saga, the Canadian Revenue Agency (CRA) has now asked it to provide details on its customers.
According to a report from the National Post, the CRA made a filing with a court in September, asking Coinsquare to provide customer data. The agency is reportedly looking to get all of Coinsquare’s customer records and trading histories, dating back to the company’s inception in 2013.
As the report noted, the CRA explained in its filing that it needed the records to fight possible tax fraud. However, reporters also believe that the CRA plans to compare past tax records with information on the exchange’s files.
David Piccolo, a local tax lawyer, explained to the news source that the CRA could pretty much use this information totally with customers’ tax records. The agency could also expand the scope of its oversight to search for individuals and organizations under investigation.
“CRA could use this information to essentially try to verify or to match certain transactions with what was reported in Canadians’ tax filings. Then CRA does their internal risk assessment [to determine] whether these are worth pursuing in audit,” Piccolo explained.
Coinsquare’s problems became prominent back in July, when the Ontario Securities Commission (OSC) formally accused its executives of wash trading. In a filing, the OSC accused the exchange of acting in a way that contradicted Canadian securities laws, adding that several top executives – including founder Virgile Rostand, CEO Cole Diamond and chief compliance officer Felix Mazer – had spearheaded the entire thing.
It’s worth noting that the OSC’s case against Coinsquare stems from activities conducted a little over two years ago. As the agency accused, Diamond had ordered Rostand to inflate trading numbers in March 2018. Rostand eventually developed a soliton that allowed the exchange to carry out this request, executing large trades into the company’s wallets to fake the appearance of large transactions.
Between July 17, 2018, and Dec. 4, 2019, Coinsquare reportedly conducted about 840,000 of these bogus trades, with an aggregate value of around 590,000 Bitcoins, the OSC said. Those numbers represented over 90 percent of the exchange’s entire trading volumes.
Still, the CRA is looking to get information on the company’s customers since 2013. Piccolo explained that this isn’t the first time the CRA would request such an extensive amount of data from crypto companies. However, given that Coinsquare has about 200,000 users, this request could be a test of the agency’s ability to process such vast transaction amounts.
The CRA appears to be toeing the same line as the United States Internal Revenue Service (IRS), which had tried in the past, to get more details about Americans and their crypto holdings. Gradually, tax oversight is becoming a central problem.
Author: FOLLOW ON
A Whale Just Moved $14m Worth of Yearn.finance (YFI) to an Exchange
Yearn.finance’s YFI token is surprisingly resilient today despite the turbulence throughout the aggregated crypto market. While Bitcoin is plunging lower, most of the DeFi sector is actually up today.
The break of this sector’s recent multi-month downtrend came about following a series of massive short squeezes seen by the blue-chip DeFi assets like YFI, SNX, and others.
Just a few days ago, YFI rallied from lows of $7,500 to $18,000 in a mere matter of hours, marking one of the largest surges seen by an asset of its size over such a short period of time.
After reaching these highs, it began encountering some intense selling pressure that slowed its growth and led it to see a sharp decline down to lows of $12,000. From this point, it rebounded and has been trading sideways ever since.
These tokens may soon be offloaded, placing immense sell-side pressure on the cryptocurrency.
Over the past couple of hours, Bitcoin’s weakness hasn’t done much to influence the DeFi sector’s price action.
Yearn.finance’s token is trading down roughly 2% at its current price of $14,780. This is around the price at which it has been trading throughout the past few days.
It is still down from its recent highs of $18,000 set at the peak of the short squeeze-induced rally, but it is still up nearly 100% from its weekly lows.
If BTC continues plunging lower, it could create some headwinds that hamper higher-risk cryptocurrencies like YFI.
According to one analytics platform, Yearn.finance’s YFI token just saw its 4th largest transaction ever, with someone sending over 2,500 tokens to an exchange.
This could indicate that a massive influx of sell-side pressure is imminent.
“We’ve just tracked Yearn.finance’s 4th largest transaction of all-time, and highest sum since late August. 2,546.23 YFI tokens were transferred as a centralized exchange deposit, worth a total of $13.8M from a whale address to new exchange address.”
Image Courtesy of Santiment. Source: YFIUSD on TradingView.
Just because these tokens are being moved to an exchange doesn’t mean that they’ll be sold, but it could be a potential event that catalyzes downwards momentum.
Author: By TeamMMG