In response to a surge in sophisticated phishing scams that have exploited the vulnerabilities of One-Time Passwords (OTPs), Singapore is making a strategic shift to digital tokens for online banking authentication. This shift aims to enhance cybersecurity and protect consumers’ financial information, reflecting a broader initiative by banks and regulatory bodies in the region. The move comes after persistent and
The escalating issue of Authorized Push Payment (APP) scams in the UK has prompted decisive action from the Payment Systems Regulator (PSR). APP scams involve fraudsters tricking victims into authorizing payments, leading to substantial financial and emotional distress. Unlike unauthorized transactions, these scams are particularly challenging as they exploit the victim’s consent. In response, the PSR is implementing new rules
Canoe Intelligence has recently achieved a significant milestone by securing $36 million in a Series C funding round. This funding round, steered by Growth Equity at Goldman Sachs Alternatives and supported by existing investors F-Prime Capital and Eight Roads, has tripled the company’s valuation since its Series B round in 2023. Canoe Intelligence, known for harnessing AI and machine learning
Dezerv, an emergent player in India’s WealthTech landscape, has garnered significant attention with its recent successful funding round, raising $31.7 million (INR 265 Crores). This influx of capital, led by Premji Invest and supported by previous backers like Elevation Capital, Matrix Partners India, and Accel, is aimed at propelling the company’s strategic growth initiatives. The achievement underscores not only Dezerv’s
The Ethereum Foundation recently experienced a cybersecurity incident involving its account on a mailing list platform being hacked. While this breach initially raised alarms within the crypto community, the Foundation’s swift and effective response has garnered praise. Their rapid action served as a critical case study in handling such threats, underscoring the importance of vigilance and a coordinated response in
Ethiopia’s cultural heritage is rich and well-preserved, rooted in centuries of resilience and artistry. The intersection of this ancient heritage with modern digital advances, especially through NFTs and blockchain technology, created a groundbreaking exhibition at the Toledo Museum of Art (TMA). At the heart of the showcase, “Ethiopia at the Crossroads” is a remarkable blend of traditional and contemporary art.
The digital asset landscape continues to evolve at a rapid pace, with innovations emerging across various segments of the industry. Amidst this dynamic backdrop, Auros, a prominent crypto trading firm and market maker, has taken a significant step by launching Auros Ventures. This new venture capital division aims to allocate $50 million to early-stage digital asset projects over the next
Integrating blockchain technology within the legal tech sector has long been seen as an avenue for significant transformation. However, previous efforts have often been marred by overblown expectations and underwhelming results. The startup Incorporight seeks to change that narrative by introducing a pragmatic and functional approach to blockchain adoption in the legal field. This company aims to deliver on the
In the rapidly evolving world of digital gaming, Notcoin has emerged as a groundbreaking player, capturing the imagination and attention of millions. Launched as a mini-app on Telegram in January, Notcoin has quickly garnered a global community of 40 million players. This impressive growth underscores the increasing demand for blockchain-integrated gaming experiences, proving that the convergence of traditional gaming and
Combining blockchain technology with renewable energy sources, especially solar power, has the potential to address some of today’s most pressing environmental and energy challenges. Pse.USDT, a pioneering organization, is at the forefront of this innovative merge, aiming to revolutionize the way we produce, distribute, and consume energy. By harnessing the decentralization, transparency, and security provided by blockchain, Pse.USDT’s mission is
Dubai Customs has recently unveiled an innovative blockchain platform designed to enhance efficiency and transparency in commercial operations. This cutting-edge digital network plays a pivotal role in Dubai’s ongoing digital transformation, fostering stronger collaboration between governmental bodies and the logistics sector. The initiative epitomizes Dubai Customs’ unwavering dedication to innovation and its strategic pursuit of establishing Dubai as a premier
Unprecedented digital control measures have taken center stage in Russia, with the government recently initiating a comprehensive ban on VPN (Virtual Private Network) services. This move has significant implications for information access and civil rights within the country. By blocking key VPN and VoIP (Voice over Internet Protocol) services, the Russian government aims to tighten its grip on the digital
