Results for: Blockchain

The value of digital assets stolen through cybercrime has skyrocketed in 2024, with over $1.58 billion worth of cryptocurrency stolen by July. While overall illicit activity in the cryptocurrency ecosystem has decreased, specific types of cybercrime, such as stolen funds and ransomware attacks, have seen significant increases. This surge is attributed to larger heists, more frequent attacks, and a rise in ransomware payments, with a single payment reaching $75 million. However, victims are paying ransoms less often, suggesting improved preparedness and resilience among targeted organizations. Blockchain analysis is crucial for combating these threats, and law enforcement actions are vital in curbing criminal activities.

5ire, a sustainability-focused blockchain platform, has launched its mainnet, aiming to promote a greener Web3 future. The platform boasts a unique sustainable Proof-of-Stake (SPoS) model that incentivizes environmentally friendly practices, and its mainnet is capable of processing up to 1,500 transactions per second, returning half of gas fees to users.

Kalyanasundharam Ramachandran is a leading expert in card issuance, lifecycle management, and systems of record (SOR), revolutionizing the financial technology sector with his innovative solutions. His groundbreaking achievements, including the development of a scalable card management system and the overhaul of a legacy SOR, have significantly enhanced operational efficiency, customer satisfaction, and security in financial institutions. With a forward-thinking approach, Ramachandran envisions a future where advanced technologies like blockchain, biometrics, and the Internet of Things (IoT) further transform card management, creating seamless and personalized banking experiences.

Howe-Baker International, a leading energy design and engineering firm, has partnered with D.Energy, a blockchain platform focused on clean energy protocols, to explore and develop blockchain-based systems for efficient and secure clean hydrogen production. This collaboration signifies a significant step towards advancing sustainability and innovation in the energy sector.

The Up Mobile, a new smartphone promising a Web3 experience, combines blockchain technology, AI, and a custom app ecosystem to offer a decentralized internet experience. It features a powerful processor, high-resolution display, and advanced AI features for enhanced security and productivity, all while running on Meta’s Move programming language.

Ubit Coin is a groundbreaking decentralized finance (DeFi) platform that prioritizes transparency, security, and accessibility. Its innovative approach, including a null address ownership model and decentralized governance, fosters trustless transactions and community-driven development, reshaping the financial landscape.

Blockchain Land, a cutting-edge initiative from Chainsense, is democratizing access to the metaverse. With its no-code platform and comprehensive tools, businesses and individuals can create and manage their own virtual worlds without exorbitant costs. This game-changing solution empowers users to seamlessly integrate with blockchain networks, launch metaverse projects, and engage with a global community. Blockchain Land’s commitment to user-friendliness, flexibility, and interoperability is transforming the metaverse landscape, making it accessible to all.

**Singapore’s Temasek and US investment fund Fidelity are in talks to invest in Lenskart, an omnichannel eyewear retailer.** The new funding round, led by Temasek, values Lenskart at over $5 billion. This is higher than the $4.5 billion valuation at which it conducted $600 million of funding last year. The funding will help Lenskart expand its operations and continue its growth trajectory.

**In other news, Flipkart’s Web3 and blockchain explorations are expanding beyond the metaverse and non-fungible tokens (NFTs).** The company is working with Polygon for its web3 initiatives and plans to go deep with this partnership this year. Flipkart aims to use blockchain technology to deepen its brand engagements and track promotional content and their conversion into sales.

**Zilingo’s former CEO, Ankiti Bose, has filed a case of sexual harassment against the company’s cofounder Dhruv Kapoor and its former chief operating officer Aadi Vaidya.** According to the FIR, in March 2021, the two allegedly threatened Bose and sought sexual favours.

**PhonePe is restructuring its ONDC strategy by exiting several non-food categories.** The Walmart-owned company unveiled its ecommerce venture Pincode on ONDC in 2023 offering grocery, food delivery, medicines, fashion and electronics among other categories on the network.

**Database company MongoDB sees a “great opportunity” in India as large banks, airlines and financial services companies here launch AI business models.** The company is introducing its new GenAI platform in India to help organizations develop and deploy AI models on its database platform.

Blockchain infrastructure provider Syntropy has rebranded to Synternet, signaling its ambitious vision for the future of decentralized web. The rebranding initiative encompasses a new logo, color palette, and website design to align with the company’s growing focus on Web3 technology.

Synternet’s mission centers around delivering scalable on-chain data across DeFi protocols, applications, and enterprises. As a Layer-1 blockchain, Synternet aims to build the essential data infrastructure for a cohesive Web3 landscape. This strategic move aligns with the support of investors who have contributed $10 million over four years.

Synternet emphasizes that the $NOIA token remains operational on the Ethereum network, ensuring a seamless transition for token holders. CEO Daniel Haudenschild and CTO Jonas Simanavicius expressed their commitment to developing innovative technology and expanding their decentralized applications network.

Synternet’s roadmap includes the launch of the Synternet Blockchain, a token bridge between Ethereum and Cosmos for faster value transfers, and enhanced user experiences for publishers and developers. Originally founded to optimize data transit using blockchain, Synternet has evolved alongside the Web3 ecosystem’s growth. The upcoming mainnet launch marks its transformation into a Layer-1 project connecting isolated chains into a synchronized network.

Deakin University in Australia and the Indian Institute of Management Bangalore (IIM Bangalore) have announced a strategic partnership that aims to foster academic excellence and innovation in research. The collaboration between the two institutions will focus on areas such as artificial intelligence, blockchain technology, data science, and management.