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
The Information Commissioner’s Office (ICO), the UK’s data protection watchdog, is making a fervent call to victims of “text pests” to step forward and report their experiences. Disturbingly, recent statistics have revealed that nearly one-third of young adults aged 18-34 have had their personal information misused in this manner. To better understand the impact of this illegal behavior, the ICO
The Lazarus Group, a renowned state-sponsored threat actor backed by North Korea, continues to pose a significant cybersecurity threat. In recent findings, security analysts at Cisco Talos have confirmed that the Lazarus Group is actively exploiting the ManageEngine flaw (CVE-2022-47966) to deploy the MagicRAT malware. Additionally, in Europe, the Lazarus Group targeted an internet backbone infrastructure provider, deploying the QuiterAT
Sync Savings, a fintech startup founded by ex-Monzo executives Joss Tasker and Alex Fox, has emerged as a promising player in the UK’s cash savings sector. With a mission to optimize and reduce the cost of serving savings customers, the company aims to address the challenges faced by smaller banks and building societies in offering innovative and competitive savings products.
