Police in Russia have made an arrest that has sent shockwaves through the cryptocurrency community. An entrepreneur and prominent “crypto influencer” known as Bitmama, also dubbed the “Queen of Crypto,” has been detained on fraud charges. Bitmama’s alleged involvement in a financial pyramid scheme has raised concerns about the credibility of crypto influencers and the security of investments in the
Vega, a UK wealthtech platform founded by former executives from leading hedge funds, private equity firms, and fintech scale-ups, has recently launched with over $8 million in equity investment. The platform aims to bridge the gap between institutional-grade wealth management solutions and mass-market private wealth solutions, transforming the experience for both end-users and financial advisors. Features of Vega Platform With
In the ever-evolving landscape of digital assets, Taurus, the Swiss digital asset platform, has recently announced its expansion to support “permissioned blockchains” such as Hyperledger Besu and Quorum. This move comes in response to the growing demand from US and European banks for enterprise-grade private blockchains. Taurus aims to provide a comprehensive solution for managing digital assets across different types
Emirates NBD, the leading banking group in MENAT (Middle East, North Africa, and Turkey), has recently unveiled its highly anticipated mobile banking app, ENBD X. In a bid to revolutionize the banking experience, ENBD X offers an extensive range of features, empowering customers with enhanced accessibility, financial management capabilities, and innovative investment opportunities. With its user-friendly interface and cutting-edge functionalities,
In today’s rapidly changing financial landscape, individuals are seeking innovative solutions to effectively manage their wealth. Enter decision assistance algorithms, an innovation that holds the promise of democratizing wealth management. These intelligent algorithms function as personalized financial advisors, offering tailored insights and recommendations to individuals based on their unique circumstances and aspirations. Personalized financial advice based on individual circumstances Gone
In a recent cybersecurity incident, two Middle East-based telecommunications organizations fell victim to a highly sophisticated threat actor. This actor utilized two backdoors, namely “HTTPSnoop” and “PipeSnoop,” employing previously unseen techniques to load malicious shellcode onto targeted systems while evading detection. The nature of these backdoors, their anti-detection mechanisms, and their potential impact on compromised networks have raised significant concerns
In today’s digital landscape, cybersecurity breaches have become increasingly prevalent, with supply chain attacks and phishing tactics being among the most dangerous. Supply chain attacks involve infiltrating the development systems of one organization to gain entry into the systems of its downstream customers. Meanwhile, phishing is a deceptive technique used by cybercriminals to trick individuals into revealing sensitive information. This
With the rise of sophisticated cyber attacks, criminals have also evolved their tactics and Living-off-the-Land (LotL) has emerged as a favored technique among hackers. LotL involves leveraging legitimate tools already present in target environments, allowing attackers to blend in, avoid detection, and complicate attribution. Among the notable cyber criminal organizations employing this approach is LockBit, which has successfully utilized Remote
Citi Treasury and Trade Solutions has recently made a groundbreaking announcement, unveiling its pioneering creation: Citi Token Services. This innovative service harnesses the power of blockchain and smart contract technologies to deliver cutting-edge digital asset solutions for institutional clients. With Citi Token Services, Citi aims to integrate tokenized deposits and smart contracts into its extensive global network, revolutionizing core cash
Taurus SA, a leading digital asset infrastructure provider, has entered into a global partnership agreement with Deutsche Bank, one of the world’s largest financial institutions. This groundbreaking collaboration aims to establish cutting-edge digital asset custody and tokenization services. After an extensive selection and due diligence process, Taurus demonstrated the exceptional quality and breadth of its products and technology, making it
The Hong Kong Monetary Authority (HKMA) has recently issued a warning to cryptocurrency businesses that presenting themselves as banks and using banking terminology could potentially violate the region’s banking laws. The central bank highlighted that, under Hong Kong’s banking laws, only licensed institutions are allowed to carry out banking or deposit-taking businesses in the region. Banking laws in Hong Kong
In a shocking development that has sent ripples through the casino industry, both MGM Resorts and Caesars Entertainment have fallen victim to cyberattacks, dealing a severe blow to the perception of impenetrable casino security. The incidents have highlighted the need for robust cybersecurity measures in an era where even the most fortified systems can be breached. Impact on Customers: Martinez
