Endowus, a leading digital wealth platform based in Singapore, has successfully raised $35 million in its latest funding round. This significant investment comes at a time of a global slowdown in fintech funding but highlights Endowus’ accelerated growth and increasing dominance in the digital wealth space across Asia. The funding round attracted a diverse range of investors, including prominent financial
In recent years, the energy sector has been experiencing a transformative shift driven by the adoption of blockchain technology. This decentralized and secure digital ledger system is revolutionizing power distribution and trading. In this article, we will explore the various ways in which blockchain technology is reshaping the energy sector, from enabling decentralized and efficient energy distribution to streamlining energy
Software supply chain security is a critical concern in today’s digital landscape, given the increasing threat of malicious actors infiltrating the software development process. Socket, a promising startup, has recently secured $20 million in funding to develop cutting-edge solutions for addressing this pressing issue. Led by the venture capital firm Andreessen Horowitz (a16z), the funding round also included an equity
The rapidly evolving cyber landscape has prompted venture capital firm Forgepoint Capital to double down on its investment in the cyber insurance sector. Forgepoint Capital has recently led a $15 million Series A funding round for Converge Insurance, a New York-based tech startup. This investment marks Forgepoint Capital’s second foray into the cyber insurance space and highlights the increasing recognition
The Toyota GR Cup has embarked on an innovative path to enhance the excitement and engagement of motorsport events. By integrating blockchain technology, the competition aims to offer a unique experience for both drivers and their supporters. This article explores how the on-chain awards system, Toyota’s objectives, fan-focused events, racing process, the company’s involvement in blockchain, interaction with digital trophies,
Metabase, a popular open-source business intelligence tool used for creating charts and dashboards with various databases and sources, has been found to have a critical remote code execution (RCE) vulnerability. This vulnerability potentially allows hackers to infiltrate servers and execute unauthorized commands. In light of this discovery, the developers of Metabase have released patches to address and mitigate the vulnerability.
In a bid to protect its customers from potential fraud and financial crimes, Bendigo Bank, a prominent Australian financial institution, has announced the implementation of new rules targeting high-risk instant payments to cryptocurrency exchanges. These measures are part of the bank’s ongoing efforts to enhance customer protection and combat the rising threat posed by cryptocurrency-related scams. Enhanced protection for customers
In the fast-evolving world of blockchain technology, smart contracts have emerged as a promising solution to automate and execute agreements without intermediaries. However, it is essential to view smart contracts as a ‘proof-of-concept’ rather than a panacea for universal adoption. This article delves into the challenges and limitations of smart contracts, highlighting the need for a balanced approach and collaboration
Decentralized exchange LeetSwap, operating on Coinbase’s Base network, recently made headlines as it announced a temporary pause on trading due to concerns of a potential exploit. In an effort to safeguard its users and assets, the exchange deemed it necessary to investigate the compromised liquidity pools. This article delves into the details surrounding the incident, the potential exploit, and the
Treasury Prime, a leading Banking as a Service (BaaS) platform, has announced a strategic partnership with Academy Bank. This collaboration aims to provide businesses with seamless access to Academy Bank’s deposit services, enabling them to launch and scale their payment and deposit products. The partnership represents a significant step forward in the realm of embedded finance, as non-financial companies increasingly
Cybercrime remains a significant threat to organizations across the globe, and the emergence of the Space Pirates cybercrime group has made the situation even more concerning. Since late 2019, this notorious group has been actively engaged in espionage and data theft, causing alarm among security experts. Recent developments indicate that the Space Pirates have not only enhanced their technical expertise
The march of the Russian private military company Wagner Group towards Moscow in June triggered a remarkable surge in trading volume between the stablecoin Tether (USDT) and the Russian ruble. As Russian traders sought safety amidst a depreciating ruble and Wagner’s rebellion exposed weaknesses in Russian power structures and President Vladimir Putin’s grip on the country, the trading volume in
