The Israeli crypto startup GK8 to store crypto for INX exchange

The digital asset custody provider GK8 has been opted by INX to store the crypto for them.

Share

INX which is the first crypto firm to have a first-ever token initial public offering approved through a tweet that they will employ GK8 end-to-end platform to protect and deal with the digital assets.

It’s interesting to know that GK8’s platform includes a patented air-gapped vault that is capable of creating, signing, and transferring blockchain transactions while, according to INX, it’s totally and 100% offline.

INX is planning to collect $117 million from its current token called IPO. As of September 10th, once $7.5 million was raised, INX started accepting cryptocurrencies like Bitcoin, USDC coin, and Ethereum. And once the funds are raised, INX will set up a multiservice digital asset platform plus a cash reserve fund.

The founders of GK8 are two former Cybersecurity experts called Lior Lamesh and Shahar Shamai who used to work as colleagues for an Israeli cyber unit. It’s claimed that more than 1 billion dollars of digital assets is kept there for some banks and exchanges. Among its customers are famous companies like eToro which is a social investment giant.

GK8 brags about its technology and claims that no cold wallet is truly cold if they need an internet connection to carry out a transaction on a blockchain which shows their power.

Categories

Crypto Currency(5)

Latest News

American couple got married on Ethereum blockchain

A couple from California got married using tokenized rings. They said this was done to make their marriage last forever on the Ethereum blockchain. ...

APR 05, 2021

Wen Doggcoin? Snoop Dogg suggests a token offering in the future

Snoop Dogg, the American rapper and media personality asked this question “Is d-o-g-g similar to d-o-g-e?” and that may be a sign of his own future token. ...

APR 03, 2021

XRP Case with the SEC may come to an agreement

Securities and Exchange Commission (SEC) is getting new administration says Brad Garlinghouse, CEO of Ripple who hopes that SEC reconsider what they had said ab ...

APR 01, 2021

‘NFT500’ service will be launched by the mobile games developer Tapinator

What is NFT500? A subscription casting service where NFTs are placed for physical display. Here is where you can put your favorite digital art on display rather ...

MAR 30, 2021

Tags

Wallet

Cryptocurrency exchange

Tags

Wallet

Cryptocurrency exchange