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Crypto Theft Sees Downward Trend in 2023, Hitting $2 Billion, Reports De.Fi

De.FI, a web3 security company, revealed that in 2023, hackers stole almost $2 billion in bitcoin, a decline from prior years trends. Among the notabl

De.FI, a web3 security company, revealed that in 2023, hackers stole almost $2 billion in bitcoin, a decline from prior years trends. Among the notable events were the hacking of the Mixin Network, which netted hackers almost $200 million, and the largestever breach of the Ronin network, which included the theft of over $600 million. Despite the progress in mitigating vulnerabilities inside the Decentralised Finance DeFi ecosystem, enduring obstacles still exist. According to earlier TRM Labs calculations, the total amount taken was $1.7 billion. Attacks against Euler Finance, Multichain, BonqDAO, Poloniex, and Atomic Wallet were among the notable cryptocurrency thefts in 2023. Read More..

B2B Tech News | 2 years ago          

US Ban on Apple Watch Imports Stands as Biden Administration Declines Veto

The Biden administration decided not to reverse the International Trade Commissions ITC previous ruling. Therefore, the United States would continue p

The Biden administration decided not to reverse the International Trade Commissions ITC previous ruling. Therefore, the United States would continue prohibiting the importation of Apple Watches. The health tech startup Masimo filed a patent infringement lawsuit about the lightbased pulse oximetry sensor in the Apple Watch Series 6 that led to the ban. Ahead of the prohibition, Apple stopped selling the impacted devices. The business vehemently disagrees with the ruling and emphasises the medical capabilities of its wristwatches. Additionally, Apple has appealed the decision to the Federal Circuit Court. The impacted models are still obtainable for purchase outside the United States, although they are prohibited. Read More..

B2B Tech News | 2 years ago          

Intels Bold Move Massive Chip Plant in Kiryat Gat to Strengthen Global Supply Chain

The largestever investment by a firm in Israel, Intel, is expected to get a $3.2 billion subsidy from the Israeli government for a new $25 billion chi

The largestever investment by a firm in Israel, Intel, is expected to get a $3.2 billion subsidy from the Israeli government for a new $25 billion chip facility in southern Israel. The action, which shows strong support for Israel throughout its fight with Hamas, comes at a time of tension. As part of its plan to improve its worldwide supply chain, Intel is expanding in Kiryat Gat, close to Gaza. With the grant, Intel will pay a corporate tax rate of 7.5%, equivalent to 12.8% of the entire investment. The Fab 38 factory is anticipated to begin operations in 2028 and run for several years, employing thousands of people. Read More..

B2B Tech News | 2 years ago          

Nigerias Central Bank Reverses Crypto Ban, Citing Global Trends and the Need for Regulation

In a December 22 circular, Nigerias Central Bank relaxed the prohibition on cryptocurrency transactions, citing the necessity for worldwide regulation

In a December 22 circular, Nigerias Central Bank relaxed the prohibition on cryptocurrency transactions, citing the necessity for worldwide regulation of such activity. To combat the dangers of money laundering and terrorism funding, the prohibition was implemented in February 2021. The new recommendations outline how banks and other financial organisations should manage the accounts, settlements, and foreign exchange operations of companies that deal with cryptocurrency assets. Virtual Asset Service Providers VASPs need to hold a licence from the Nigerian SEC to operate in the cryptocurrency market. The regulation change has not changed the fact that banks are still prohibited from possessing, trading, or dealing with cryptocurrencies. Nigerias techsavvy populace has demonstrated a strong interest in cryptocurrencies, as seen by Chainalysiss 9% YoY rise in transaction volume. Read More..

B2B Tech News | 2 years ago          

Yandex Restructuring Faces Delay Completion Now Expected in Early 2024

According to three sources acquainted with the discussions, the reorganisation of the Russian IT giant Yandex, listed on the Nasdaq, is expected to be

According to three sources acquainted with the discussions, the reorganisation of the Russian IT giant Yandex, listed on the Nasdaq, is expected to be delayed until early 2024. Known as "Russias Google," Yandex has been negotiating to split its Russian operations from Yandex NV, its Dutch parent firm, for over a year with the Kremlin. Initially scheduled for completion in December, the restructure attempts to preserve access to Western markets in the face of sanctions. Yandex is seeking clearance from Russian authorities and shareholders for the deal, which entails selling its primary revenuegenerating Russian operations before going global. The registration of MKAO Yandexs shares by the central bank marks a significant development in the ongoing restructuring process. Read More..

B2B Tech News | 2 years ago          

Dazheng GroupLed Consortium Makes Bold $1.8 Billion Bid for Hollysys Automation Technologies

A consortium led by Chinas Dazheng Group Acquisition is putting up a $1.8 billion allcash offer to buy the wellknown automation and control technology

A consortium led by Chinas Dazheng Group Acquisition is putting up a $1.8 billion allcash offer to buy the wellknown automation and control technology supplier Hollysys Automation Technologies. The bid, priced at $29 per share, is 9.4% more than Ascendent Capitals December offer. The consortium, which consists of GA Technologies and TFI Asset Management, wants to purchase all outstanding shares that arent already held. This action comes after a previous August offer by a group led by Recco Control Technology and Dazheng Group for $25 per share. Regarding the most recent bid, Hollysys Automation Technologies has yet to respond. The purchase represents a significant change in the industrys automation and control technologies ownership structure. Read More..

B2B Tech News | 2 years ago          

Chip Giant Nvidia Makes Record $15 Million Contribution to Aid Victims of IsraelHamas Conflict

By contributing $15 million to Israeli and international nonprofit organisations that assist people impacted by Israels conflict with the Palestinian

By contributing $15 million to Israeli and international nonprofit organisations that assist people impacted by Israels conflict with the Palestinian terrorist group Hamas, American chipmaker Nvidia and its workers have made an enormous impact. This remarkable gift, the most significant humanitarian fundraising in Nvidias 30year history, was donated in reaction to the ongoing violence. The $5 million total contribution from the companys employees, who come from over 30 nations, was matched by Nvidia and increased to $15 million. This project was a component of a scheme to help individuals affected by the fighting. Nvidia acknowledged the wide range of assistance from its worldwide workforce and emphasised their sincere concern and care. Read More..

B2B Tech News | 2 years ago          

Russian Enterprises Face SpearPhishing Attacks by Cloud Atlas Threat Actor

The threat actor Cloud Atlas, also going by the aliases Clean Ursa, Inception, Oxygen, and Red October, has been connected to many spearphishing assau

The threat actor Cloud Atlas, also going by the aliases Clean Ursa, Inception, Oxygen, and Red October, has been connected to many spearphishing assaults directed at businesses in Russia. Since at least 2014, Cloud Atlas has been engaged in ongoing cyber espionage operations, focusing on Russia and other nations. Phishing emails containing enticing documents that used the Equation Editor CVE201711882 vulnerability in Microsoft Office were used in the most recent assaults. Over time, the groups strategies and tactics have changed, but it still uses practical ways to compromise targets. The recent assaults made use of PowerShower, a PowerShellbased backdoor. Read More..

B2B Tech News | 2 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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