Turkish Bank Launches Blockchain Platform for Digital Gold Transfers
Turkey’s Takasbank announced the release of its blockchain-based gold-backed transfer system Dec. 30th. Developed by the Istanbul Clearing, Settlement and Custody Bank, the BiGA Digital Gold trading platform provides banks with a blockchain-based system for the issuance, repayment, and transfer of digitized gold.
Top 5 Cyber Threats Facing Banks in 2020
With all the cyber threats that exist today, banks are more vulnerable than ever to becoming the next victim of a malicious cyberattack. With the growing list of fintech solutions offered in banking and the most recent Cloud Hopper investigation released by WSJ, 2019 was an early indicator of...
Illinois Legalizes Smart Contracts and Other Blockchain-based Records
As of January 1st, Illinois’s Blockchain Technology Act took effect, opening the door for the legal use of blockchain-based contracts.
FBI Warns Against IoT Vulnerabilities
In the not-that-unlikely chance a business’s network is compromised, their entire infrastructure is at risk of exploitation. Gaining access to high-risk digital assets can lead to devastating revenue damages –– which is nothing to take lightly.
CBDCs Are on the Rise, Are Banks Prepared?
As more investors and businesses turn to the tokenization of digital assets, there’s no stopping the inevitable rise of digital currencies worldwide.
EY Focuses on Blockchain Security with Launch of Smart Contract Analyzer
rnst & Young (EY) launched its token and smart contract review service. The tool will allow companies and individuals to evaluate smart contracts and tokens for known security risks.
State Street Turns to Tokenization in an Unguarded Digital Era
In a recent survey by the quantitative analysis firm Oxford Economics, 94 percent of State Street clients hold digital assets
December 2019 Newsletter – Subscribe!
Our December Newsletter is live! Subscribe to follow our product, updates, events and cyber security news. Here are the highlights: Blockchain & Key Management: Trending With increasing movement towards blockchain platforms by banks and financial institutions, there is a rise in key management hacking. The Hub Security team weighs in: Read...
Digital Asset Alert: HK SFC Issues New Regulations
The Hong Kong Securities and Futures Commission (SFC) issued a position paper Nov. 6th defining a new regulatory framework for virtual asset trading platforms. In it, they outlined the parameters under which VSTs would be eligible to apply for a license from the SFC. Virtual asset trading platforms are...
Wyoming Takes the Lead in Blockchain Regulations, Will Others Follow?
Wyoming announced last month it may be the first state to make ‘blockchain banks’ a thing. If this sounds strange to you –– it’s because legally and conceptually it is. To date, hundreds of cryptocurrencies have roamed the blockchain network unchecked and unregulated. When blockchain technology first emerged, many...