Hong Kong has long been known as a global financial hub and a leader in technology and innovation. However, according to a recent study conducted by the Research Office at Hong Kong’s Legislative Council, the city is lagging behind its East Asian and Gulf counterparts in terms of Web3 development. The study highlights the need for Hong Kong to take
Google Chrome is one of the most widely used web browsers worldwide, with over 60% market share, continuing to dominate the browsing landscape, and millions of users turning to it every day. However, a recent report from SecurityWeek highlights a significant increase in vulnerabilities, raising concerns regarding the safety of the browser. The report stated that in 2022, 456 vulnerabilities
Real-time payment systems have revolutionized the payment industry by enabling instant and seamless transactions. However, this convenience comes with a downside – an increase in vulnerabilities and risk exposure. As financial institutions integrate more real-time payment systems into their offerings, they need to address the challenges that come with these systems. Fraudsters are always looking for new ways to exploit
BitGo, the American crypto custodian platform, has decided to cancel its planned acquisition of Prime Trust, leading to confusion and uncertainty for those involved with the latter. Following this announcement, Prime Trust has taken measures to suspend withdrawals, which has further added to the speculation concerning the company’s alleged financial challenges. The intended acquisition of Prime Trust by BitGo was
Mastercard, a leading global payment and financial services company, has announced that it is expanding its Engage program to support blockchain and cryptocurrency technology. The Engage program is designed to help partners quickly launch and scale products that power the decentralized Web3 economy. Mastercard is now set to simplify the process for businesses to work with it and bring new
JPMorgan Chase & Co., an American multinational investment bank, is making waves in traditional banking with its blockchain technology project: JPM Coin. JPM Coin was launched four years ago as the world’s first bank-backed cryptocurrency and runs on top of Quorum, a blockchain platform designed and developed by JPMorgan itself. The investment giant is further expanding this project by introducing
In recent years, cross-border payments have become increasingly crucial for businesses where speed and cost-effectiveness are priorities. Hence, the software giant SAP SE has collaborated with the financial technology firm Circle to find innovative solutions to address challenges in international transactions. SAP’s Focus on Cross-Border Payments SAP is one of the world’s most renowned software companies, specializing in providing business
Binance.US, the US arm of the world’s largest cryptocurrency exchange, has announced the resolution of its USD withdrawal problem that had caused the suspension of USD deposits earlier in the month. The company stated that it collaborated with banking partners to almost completely resolve delayed withdrawal requests for USD, and users can now resume USD withdrawals. Collaboration with banking partners
The rise of blockchain technology has brought about a new type of asset known as non-fungible tokens (NFTs), which are unique and have properties that verify their authenticity and ownership. While NFTs have mainly been associated with the art world, they are now making their way into the realm of online gambling. The integration of NFTs in online casinos offers
As the Web3 ecosystem continues to gain momentum and widespread adoption, it has become a prime target for fraudsters and hackers. The allure of decentralized finance (DeFi) has attracted both legitimate investors and malicious actors looking to exploit the system. With billions of dollars lost to scams and hacking attacks, it is more important than ever to protect oneself in
Money laundering is a serious problem in the financial industry, with estimates putting the amount of money laundered each year at up to $2 trillion. To tackle this problem, traditional Anti-Money Laundering (AML) monitoring systems have been developed to detect suspicious activities and identify potential money laundering scenarios. However, these systems have shown limitations in terms of their accuracy in
Metatime is a blockchain technology company operating at the intersection of blockchain technology, product development, and cryptocurrency. The company has achieved significant milestones in its development and over the years, it has developed a diverse portfolio of over 70 products and attracted investments worth millions. Today, the company is set to take the next big step in its journey by
