Reddit, the popular social news aggregation and discussion platform, has announced its decision to permanently shutter its long-running blockchain-based rewards service, “Community Points.” Despite its initial intentions of promoting positive engagement and incentivizing high-quality content, the platform cited scalability concerns as the key driver behind this unfortunate move. Shutting down of community points Starting November 8, 2021, Reddit will begin
The wealth management segment is experiencing a surge in demand for crypto-related services, and BitGo’s recent acquisition is a testament to this growing trend. As asset allocators eagerly await the approval of a spot bitcoin ETF, the need for secure and regulated crypto custody products becomes paramount. BitGo, a leading provider of custodial and security solutions for digital assets, is
Woodforest National Bank, a respected community bank, has teamed up with Marstone, a leading digital investment and planning platform, to enhance its wealth management services. This collaboration is part of Marstone’s Wealth Management-as-a-Service engagement model, which offers a comprehensive solution for financial institutions. Woodforest’s digital transformation With the adoption of Marstone’s platform, Woodforest National Bank will be able to quickly
Token.io, a leading account-to-account (A2A) payment infrastructure provider, has joined forces with Paysafe, a prominent payment platform, to redefine the payment landscape in Scandinavia. This partnership aims to enhance open banking connectivity in Sweden, Norway, Denmark, and Finland, allowing for seamless and secure transactions. Expansion of Token.io’s Open Banking Network in Europe Token.io’s open banking network has proven to be
The United Arab Emirates (UAE) has embarked on a significant initiative to establish its own domestic card scheme aimed at promoting strategic independence from the Visa/Mastercard duopoly. This move is part of the UAE’s broader efforts to enhance its financial sovereignty and reduce reliance on international payment networks. Collaboration and Development The Central Bank of the UAE (CBUAE) and its
The rapid growth and adoption of blockchain technology has brought numerous benefits, but one prominent issue that arises in blockchain networks is congestion. When there are more pending transactions than the network can handle, it leads to prolonged processing times, delayed confirmations, and higher transaction fees. This article explores the causes of congestion, the importance of efficient transaction processing, strategies
Securing our digital landscape has become more crucial than ever as cyber threats continue to evolve. In recent years, cybersecurity researchers have detected a troubling trend in threat activity that leverages fake browser updates to distribute malicious software. These fake updates serve as a clever disguise, deceiving users into unwittingly downloading malware onto their devices. In this article, we will
In today’s digital age, traditional centralized security systems have proven to be vulnerable to hacking and manipulation, leading to significant losses for individuals and businesses alike. It is crucial to address these security weaknesses and find innovative solutions to protect sensitive data and ensure the integrity of transactions. One such solution is blockchain technology, which, at its core, is a
In the rapidly evolving world of wealth management, Boharr stands as a comprehensive wealth orchestrating platform, offering Wealth Management Platform-as-a-Service (WMPaaS). This groundbreaking platform not only provides a comprehensive solution for wealth management but also offers frictionless integration of insurance solutions. By enabling clients to diversify their revenue streams and enhance customer engagement, Boharr is redefining the landscape of wealth
The encrypted messaging app Signal has strongly denied viral reports of an alleged zero-day flaw in its software, following an extensive investigation into the matter. The claims have been dismissed by Signal, who found no evidence to support the alleged vulnerability. Furthermore, Signal confirmed that it consulted with the U.S. government, which also stated that there was no information to
A vulnerability in industrial routers manufactured by Milesight, a Chinese IoT and video surveillance product maker, has recently come to light. Exploit and vulnerability intelligence firm, VulnCheck, has reported the possibility of the vulnerability being exploited in attacks. This raises concerns about the security of critical infrastructure systems that rely on these routers. Overview of the vulnerability The vulnerability, known
Amid ongoing geopolitical tensions across the globe, cybersecurity experts anticipate a surge in cyber attacks related to political activities. As the situation persists, the risk of coordinated cyber activity looms large. This article delves into the predicted rise in cyber threats, explores the various types of political cyber activities, and highlights potential sources and targets. The Possibility of Coordinated Cyber
