Month: September 2022

Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund (IMF) publication.  “Digital technologies promise a bright future for the monetary system,” reads
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Helping investigate a $265,000 hack on decentralized crypto exchange KyberSwap, crypto exchange Binance narrowed down two suspects that seem responsible for the attack.  On Sept. 1, Kyber Network succumbed to a frontend exploit, allowing the attacker to make away with $265,000 worth of user funds from KyberSwap. While investigations were underway, KyberSwap offered a 10%
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A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with Moscow’s actions in Ukraine. Russian Bank Experiments With Digital Ruble Transfers via Mobile Application
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India is reportedly planning to test different components of electronic devices simultaneously to speed up their safety approvals. The new strategy is expected to drive the launch plans by smartphone giants such as Apple, Samsung, and Xiaomi. Currently, 16 to 21 weeks are required for the testing and certification of products like wireless earbuds and
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South Korean chaebol Samsung on Friday said it experienced a cybersecurity incident that resulted in the unauthorized access of some customer information, the second time this year it has reported such a breach. “In late July 2022, an unauthorized third-party acquired information from some of Samsung’s U.S. systems,” the company disclosed in a notice. “On
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