Financial sector has experienced rapid growth in cryptojacking

CoinDash - ICO hack

Cybersecurity firm SonicWall has released the 2024 SonicWall Annual Cyber Threat Report, which exposes all types of cyber behaviours and trends from digital adversaries to help partners build data-driven solutions to keep customers safe.

2023 proved to be a year of volatile, adaptive and creative digital threats, as threat actors continue to be relentless in their assault, leaving organizations looking for another layer of defence. 

Organizations are increasingly...

Many decisions to use blockchain are unnecessary, finds the University of Birmingham

Blockchain technology is probably unnecessary in the majority of cases, despite its popularity, a recent study has concluded.

In recent years blockchain technology has been making headlines and boomed in popularity, thanks partly to its use in the cryptocurrency Bitcoin. But, new research from the University of Birmingham published in Telematics and Informatics Reports has found that in most cases, the use of blockchain may not needed.

When someone wants to explore if...

Researchers propose a Web 3.0 streaming architecture and marketplace

Web3

Web 3.0 is a blockchain technology-based internet paradigm that is transparent and decentralised. But, Web 3.0 streaming services require modifications to the existing service structure due to certain technical issues.

Now, researchers from Incheon National University have proposed 'Retriever', an Inter-Planetary File System (IPFS) based Web 3.0 technology and non-fungible token marketplace. The proposed marketplace reduces service delay and improves user experience by deploying...

Crypto wallet downloads dropped by 26% to 100.9 million in 2023

Wallet Storage

Although 2023 was a fantastic year for cryptocurrencies, with all the largest cryptos seeing double and triple-digit growth, the global interest in apps allowing cryptocurrency storage dropped.

According to data presented by Stocklytics.com, crypto wallets saw 100.9 million downloads in 2023, or 26% less than the year before.

The Second Year of a Double-Digit Drop

According to Statista and App Magic data, the number of newly installed crypto wallets, including...

Half of procurement and supplier management processes have yet to be digitised

More than half (53%) of procurement and supplier management processes have yet to be digitised, according to research from Ivalua, a provider of procurement, spend and supplier management Software.

This is creating inefficiencies, with procurement teams estimating they are wasting more than a fifth (22%) of their time each year dealing with paper-based or manual processes.

The study reveals that half of procurement leaders (50%) think that the rate of digitisation within...

Web 3.0, the metaverse and NFTs are capturing UK consumer interest

Web3

Toluna, a global insights technology and panel provider, today revealed key UK insights from its worldwide consumer study, 'A new age of the internet: Web3, the metaverse, and NFTs'. 

With blockchain technology ushering in a new digital era in the form of Web 3.0, the research study explores consumer perceptions of emerging Web 3.0 concepts – such as non-fungible tokens (NFTs) and the metaverse. Toluna’s research aims to decipher how consumers view and interact with these...

DappRadar: Dapps industry grew almost 10% in May

According to the latest report from DappRadar, the decentralised apps (dapps) industry is picking up pace.

This May, the industry saw an almost 10 percent increase in daily unique active wallets (dUAW), averaging an impressive 1,967,051 dUAW.

Key sectors, like gaming and decentralised finance (DeFi), continued to exhibit promising signs of growth and stability—further asserting the importance of this thriving industry.

The gaming sector continued its reign as...

China to train half a million blockchain experts amid national research centre launch

Here’s a good example of how you can separate the blockchain signal from the crypto noise: China is to train 500,000 blockchain professionals after launching a national blockchain research centre in Beijing.

The centre, as reported by the South China Morning Post (SCMP) citing state-run media outlet Xinhua, will work with universities, research institutes and companies, as well as establish a ‘national-level blockchain network’ to connect existing blockchains in China as...

Solana adds emissions tracker to boost blockchain’s transparency

Layer-1 blockchain network Solana has launched a real-time tracking dashboard with data platform Trycarbonara to measure on-chain carbon emissions.

The Solana Foundation, a non-profit dedicated to growing and decentralising the network, said the update makes it the first “major smart-contract blockchain” to provide real-time measures of its carbon emissions.

https://twitter.com/solana/status/1649414091742511105

The organisation added that it hopes its steps will...

Bank of England, BIS complete distributed ledger settlements pilot

The Bank of England and Bank for International Settlements (BIS) have completed a joint pilot testing a distributed ledger technology-based settlements system between institutions.

The UK central bank plans to take lessons from the project and apply them to its real-time gross settlement (RTGS) system.

BIS has also published a 44-page report on the project. Titled Project Meridian, it was carried out with the Bank of England at the BIS innovation hub in...