Friend.tech, the newest social app for Web3, made a splash upon its early launch this month. However, industry speculators are already pronouncing it ‘dead’ following a sharp decline in inflows and volume. Let’s delve into the journey of Friend.tech, examining its features, integration with Coinbase’s layer-2 Base blockchain, initial success, privacy breach, reasons for its failure, the role of automated
Moneyfarm, a leading digital wealth manager, has witnessed significant growth in its assets under management (AUM) and client numbers in the first half of 2023. The company’s success can be attributed to various factors, including strategic acquisitions and collaborations with prominent industry players. Despite challenging market and political conditions, Moneyfarm’s innovative business model, which combines human expertise and cutting-edge technology,
The cybersecurity world was recently shaken by the revelation of a sophisticated and prolonged hacking campaign targeting Barracuda email security appliances. The public disclosure of a zero-day flaw by Barracuda in late May sent shockwaves, as Chinese espionage hackers intensified their focus on high-priority targets. This article delves into the details of the campaign, the attribution to Beijing, the deployment
Decentralized social media (DeSo) holds immense promise for transforming the way we connect, share, and interact online. However, this innovative space still faces significant hurdles before achieving mainstream adoption. Two industry executives have even asserted that up to 99% of first-time users may end up quitting DeSo platforms. In this article, we delve into the challenges faced by DeSo networks
The convergence of artificial intelligence (AI) and blockchain technology has the potential to revolutionize the music industry. By harnessing the power of AI, artists can enhance their creative capabilities while preserving transparency and ensuring fair revenue distribution among creators. However, the rise of AI-generated music creates challenges in distinguishing between human-generated and AI-generated content. This article explores the ethical and
Goldman Sachs, a renowned investment bank, is making further strategic moves as it retreats from the mass-market banking arena. In its latest move, the bank has decided to sell off its Personal Financial Management (PFM) unit to Creative Planning, a prominent wealth management firm. This decision comes as part of CEO David Solomon’s plan to shift the bank’s focus away
In the ever-evolving landscape of cybersecurity, malware loaders have become a prevalent and significant threat. These malicious tools are responsible for delivering additional payloads onto compromised systems, often resulting in devastating consequences. Three of the most notorious malware loaders currently wreaking havoc in the cybercrime world are QakBot, SocGholish, and Raspberry Robin. From January to July 2023, these loaders accounted
Mythical Games, a prominent Web3 game studio, has made history by officially releasing ‘NFL Rivals,’ the world’s first NFL-licensed game powered by Web3 technology. Bringing together the excitement of professional football and the innovative capabilities of blockchain technology, NFL Rivals promises an immersive gaming experience like never before. Kickoff Program Introduces Mythical Marketplace to NFL Rivals App On August 24,
In a major cybersecurity breach, FTX’s bankruptcy claims agent, Kroll, experienced a security incident that resulted in the compromise of user data from both FTX and the bankrupt crypto lender, BlockFi. While the breach raised concerns among customers, FTX assured users that the compromised data consisted only of “non-sensitive” customer information. However, details regarding the timing of the breach were
In a significant move to expand its presence in the Turkish market, Bitfinex, a leading crypto trading platform, has partnered with Vakıfbank, the second-largest bank in Turkey, to offer Turkish customers free Turkish Lira deposits. This collaboration not only strengthens Bitfinex’s foothold in Turkey but also provides easier access to the cryptocurrency landscape for Turkish customers. Strengthening Bitfinex’s presence in
Alliance Bank Malaysia has announced a strategic partnership with Comarch, a leading software and IT services provider, to leverage its digital wealth management platform. This collaboration aims to transform Alliance Bank’s wealth management services, enhance technical capabilities, and provide a compelling digital wealth proposition to clients. Benefits for Clients The Comarch Wealth Management system integrated with the alliance online mobile
Binance, the leading cryptocurrency exchange, made headlines recently as it terminated its relationships with five Russian banks that were under Western sanctions. This move came after the exchange faced criticism from The Wall Street Journal (WSJ) for offering these sanctioned banks as transfer options on its platform. The report raised concerns about Binance’s operational connections in Russia and the potential
