Blockchain Capital’s co-founder and managing partner, Bart Stephens, has recently taken legal action against an unidentified hacker who allegedly stole a staggering $6.3 million worth of cryptocurrencies from his digital wallets. The lawsuit reveals a sophisticated scheme involving the exploitation of a SIM-swap vulnerability, exposing the increasing threat cybercriminals pose to the security of individuals and their digital assets. Background:
The U.S. Federal Bureau of Investigation (FBI) has issued a warning about North Korean threat actors, cautioning that they may attempt to cash out stolen cryptocurrency worth more than $40 million. This alert comes amidst an ongoing investigation by the FBI into a group affiliated with North Korea, which recently moved approximately 1,580 bitcoins from several cryptocurrency heists. The funds
EV Digital Invest AG, a leading financial institution, has recently launched its new brand, ‘Digital Invest Assets’. This strategic move aims to expand the company’s digital product and service offerings while achieving greater integration across the entire digital investment value chain. With the introduction of this brand, investors now have the exciting opportunity to diversify their portfolios beyond the traditional
Mastercard, Checkout.com, and Careem have come together for a transformative initiative aimed at revolutionizing real-time payments in the United Arab Emirates (UAE). By leveraging the power of technology and strategic partnerships, this collaboration seeks to enhance the speed, convenience, and security of money transfers and daily services for customers across the country. Integration of Mastercard Send into Careem Pay With
In today’s global economy, remittances play a crucial role, with over three-quarters of a trillion dollars being moved in personal remittances as of 2022. This article explores the significance of remittances, particularly in India, and delves into the various challenges faced in the remittance landscape, including high transaction costs, regulatory constraints, and technological barriers. Furthermore, it highlights the potential of
Friend.tech, a groundbreaking platform built on the newly launched Base network from Coinbase Global Inc (NASDAQ: COIN), is revolutionizing the concept of social connections by transforming them into tradable assets. Through this innovative platform, users can buy and sell “shares” of their connections, allowing for valuable private messaging access between shareholders and profile owners. Friend.tech’s unique approach is fostering a
In a significant milestone, the Layer-1 blockchain network called ZetaChain recently secured an impressive $27 million in its latest equity round. This injection of capital is set to significantly boost its chain-agnostic platform, promising to revolutionize the blockchain industry by delivering standardized interoperability across diverse networks. Leading the equity round are notable names in the tech and financial sectors, highlighting
Colendi, a leading fintech company, has recently received regulatory approval to launch Turkey’s first digital deposit bank. This milestone achievement will allow Colendi to further enhance its existing services, which are already utilized by a remarkable 18 million people in the region. With its primary product being a decentralized credit scoring engine used by payment providers like PayCell, Colendi has
In a strategic partnership aimed at revolutionizing corporate expense management, FinTech disruptor Qashio has teamed up with global payments leader Mastercard. The alliance aims to introduce corporate credit cards endowed with virtual issuance capabilities throughout the MENA region. This groundbreaking collaboration is set to transform the way businesses handle their finances and contribute to the UAE government’s vision of a
In a significant alliance, Tenpo, the emerging digital banking entity in Chile, has joined forces with Dock, a leading B2B technology provider for payments and banking. The collaboration aims to integrate Dock’s advanced issuing and processing infrastructure for Tenpo’s newly unveiled credit cards. This strategic partnership comes as Tenpo seeks to challenge traditional banks and establish itself as a relevant
The online gambling industry has experienced tremendous growth in recent years, driven by technological advancements and a shift in consumer preferences. However, despite its popularity, the industry suffers from various challenges such as a lack of transparency, trust issues, and market volatility. In an effort to address these issues, the Scorpion Casino Token ($SCORP) has emerged as a game-changer, aiming
Cardano, one of the leading blockchain platforms, has achieved a remarkable milestone as its Total Value Locked (TVL) has surged over 250%, reaching new all-time highs of over $600 million. This unprecedented growth in TVL serves as a testament to the increasing usage and development of the ADA blockchain. Additionally, the recent interest and activities surrounding Bitcoin have acted as
