In a pioneering move to address age-old issues in the chess community, Algorand has teamed up with World Chess to introduce blockchain technology for enhancing the transparency and reliability of player ratings. This partnership, which commenced in June 2020, has brought about remarkable developments, resulting in approximately 200,000 daily blockchain transactions and amassing a cumulative transaction volume of over 211
Franklin Templeton, a globally recognized asset management firm, has taken a major step forward in the financial industry by launching Benji, a tokenized fund on the Base blockchain. This move marks Franklin Templeton as the first asset manager to introduce such an innovative platform. The firm’s objective with this initiative is to harness blockchain technology to enhance transparency and security
Bitcoin has emerged as a preferred payment method primarily due to its pseudonymous nature, which requires no personal or financial details. Coupled with its decentralized and cryptographic structure, Bitcoin supports secure and anonymous transactions, making it an ideal choice for individuals seeking privacy in their financial dealings. Bitcoin transactions effectively minimize the vulnerability of revealing personal information to potential cyber
UBS Asset Management has marked a significant milestone in the digital finance landscape with the launch of its first tokenized money market fund on the Ethereum blockchain. Named the “UBS USD Money Market Investment Fund Token” (uMINT), the new fund reflects UBS’s strategic move toward addressing the rising demand for high-quality money market instruments and tokenized financial assets. This initiative
In today’s digital-driven world, the demand for real-time cross-border payments is rising faster than ever, emphasizing the need for seamless, secure, and efficient payment methods for both consumers and businesses. Adeline Kim, Visa’s country manager for Singapore and Brunei, highlights a critical necessity: payment systems must become interoperable to address the fragmentation caused by the rapid pace of innovation. As
The TON Foundation has taken a significant step towards decentralization with the launch of Society DAO, a five-step governance model aimed at empowering the community and fostering ecosystem growth. This initiative marks a strategic shift from a centralized foundation model to a decentralized governance structure, designed to eliminate single points of failure and distribute decision-making power more evenly within The
In a bid to cater to the growing demand for cloud services in the ASEAN region, the Thai Board of Investment (BOI) has approved two significant data center projects worth a combined $1.7 billion (60 billion baht). These projects, led by Quartz Computing, an affiliate of Alphabet Inc., and Digital Land Services, will play a vital role in supporting advancements
In a recent revelation that has sent shockwaves through the cybersecurity community, Microsoft has disclosed that a Chinese threat actor, identified as Storm-0940, has been leveraging a highly sophisticated botnet named Quad7 to conduct advanced password spray attacks. These attacks are primarily aimed at stealing credentials from a diverse range of Microsoft customers. While this operation has been active since
The cryptocurrency market has seen a surge in new token launches, but many of these tokens fail to maintain their value and utility over time. This article explores the essential elements needed to create crypto tokens that are both useful and fair, ensuring their long-term success and sustainability. Understanding the Current Landscape The Problem with New Token Launches Many new
Researchers from ETH Zurich have discovered critical security vulnerabilities in several widely used end-to-end encrypted (E2EE) cloud storage services, highlighting significant risks to file confidentiality, data integrity, and overall security. The study evaluated five E2EE cloud storage providers—Sync, pCloud, Seafile, Icedrive, and Tresorit—serving about 22 million users globally, and found that four out of these five services exhibited severe flaws
The rapid increase in data breaches and ransomware attacks has made it imperative for organizations to bolster their ERP security measures. ERP systems, which centralize essential business applications and data, significantly enhance access, visibility, and productivity. However, this centralization also renders them prime targets for cybercriminals. As ERP systems integrate various business functions, they create multiple access points that are
A recent cybersecurity incident, codenamed EMERALDWHALE, has exposed a massive vulnerability in Git configurations, leading to significant data breaches. Cybersecurity researchers have flagged this alarming campaign aimed at exposed Git configuration files to siphon off credentials. The operation has resulted in the cloning of over 10,000 private repositories and the collection of no less than 15,000 stolen credentials, which have
