The internet has evolved significantly over the years, from the early age of Web 1 to the current era of Web 2. However, with the emergence of Web 3, we are poised to enter a whole new level where everything is fully digital, and individuals can finally own and monetize their data. In this article, we will delve into the
The most recent data highlights a significant decline in funding for Web3 startups in 2023. With only around $6 billion raised so far, compared to over $25 billion in funding the ecosystem enjoyed in 2022, the current landscape presents new challenges for entrepreneurs in the Web3 industry. However, the year began with a flourishing start, witnessing a flurry of substantial
Blockchain technology has emerged as a groundbreaking innovation that has the potential to transform various industries. At its core, blockchain is a decentralized and distributed ledger that records transactions securely across a network of computers. This technology offers immense benefits, including transparency, security, and trust, which are crucial elements in today’s digital landscape. An overview of smart contracts One of
Security researchers have recently discovered a concerning trend: an Android mobile banking Trojan campaign that continues to target major Iranian banks. What is even more alarming is that this campaign has not only persisted but has also evolved with enhanced capabilities. In this article, we will delve into the details of this campaign, exploring its persistence, evolution, and the latest
Brighty Business is a comprehensive platform that caters to the unique needs of businesses operating in the digital asset realm. With a focus on providing tailored services, this platform offers a range of solutions that streamline onboarding processes, enable efficient payment operations using both digital assets and fiat currencies, and ensure meticulous transaction risk checking. Let’s delve deeper into the
Telecommunications, the backbone of modern connectivity, is undergoing a remarkable digital transformation, primarily led by Block, Inc. This pioneering company recognizes the immense potential of blockchain technology and its ability to reshape the telecommunications landscape. In this article, we delve into the world of Block, Inc. and explore how its decentralized digital ledger is transforming telecommunications. The Role of Block,
Cryptomining company Hive is making a significant move in its expansion strategy by acquiring the Boden Type One data center located in Boden, Sweden. This acquisition marks an important milestone for Hive, allowing it to strengthen its presence and contribute to its overall growth strategy in Boden. The data center, originally developed through the EU Horizon 2020 initiative and built
Wind.App, a cutting-edge FinTech startup, recently made waves in the industry by securing a substantial $3.8 million pre-seed funding round. Operating in the FinTech sector, Wind.App focuses on streamlining cross-border payments, and this funding will play a pivotal role in further enhancing its unique value proposition. With a commitment to simplifying the complexities of Web3 into a user-friendly interface, Wind.App
In a significant breakthrough in the fight against cybercrime, Ukrainian police have apprehended a group of criminals suspected of launching ransomware attacks against numerous large organizations across 70 different countries. The arrests shed light on a highly sophisticated cybercriminal network that had been operating since 2018, causing substantial financial losses and disruption to businesses worldwide. Background of the hacker group
In an ever-evolving digital landscape, biometric authentication has emerged as a game-changer, revolutionizing the way transactions are validated. With its ability to eliminate operational overhead and enhance security, businesses and technology giants have recognized the immense potential of biometrics. This article delves into the partnership between Mastercard and NEC Corporation, the growing adoption of biometrics among consumers, the challenges faced
Trust is the foundation of charitable giving, but regrettably, public trust in charities has been declining in recent years. This erosion of trust has created a crucial need for innovative solutions that can restore faith in the charitable sector. Fortunately, blockchain technology has emerged as a powerful tool with the potential to revolutionize the way charities operate and regain public
Decentralized exchange KyberSwap recently disclosed a devastating cyberattack that occurred on November 22, resulting in the loss of nearly $55 million in users’ funds. The attack highlights the growing threat posed to the crypto industry by sophisticated hackers and underscores the need for stronger security measures within decentralized finance (DeFi) platforms. Details of the Attack The attack on KyberSwap was
