Enya Labs Partners With DMCC To Bring Blockchain To Dubai

admin - 22. March 2023 - No comments

• DMCC, the premier free zone in the world and Government of Dubai Authority on Commodities Trade and Enterprise, has entered into a technology partnership with Enya Labs, a core contributor to Boba Network.
• Utilizing Boba Network, the first hybrid blockchain that provides off-chain data and computation, this partnership will promote web3 and blockchain enterprises in Dubai.
• By using Hybrid Compute technology, dApps can be created that may use “off-chain” data from any web2-based system.

Partnership Between DMCC & Enya Labs

DMCC, the premier free zone in the world and Government of Dubai Authority on Commodities Trade and Enterprise, has partnered with Enya Labs – a core contributor to Boba Network – to further strengthen its Crypto Centre ecosystem by providing significant technology cooperation.

Promotion of Web3 & Blockchain Enterprises in Dubai

By utilizing Boba Network – the first hybrid blockchain that provides off-chain data and computing – this partnership greatly promotes the expansion of web3 and blockchain enterprises in Dubai, allowing smarter applications.

Hybrid Compute Technology for DApps

Enya Labs is a pioneer of software frameworks with a focus on distributed systems engineering and application development. It assists partners in leveraging their current operations to seize new possibilities facilitated by hybrid blockchain solutions. On top of that, Boba Network gives developers access to Hybrid Compute technology which enables them to create dApps that can use “off-chain” data from any web2-based system.

Benefits for DMCC Members

Ahmed Bin Sulayem – Executive Chairman & Chief Executive Officer of DMCC – stated: “The ability of the DMCC Crypto Centre to attract such high-profile impactful players in the web3 space is a true testament to the thriving ecosystem we have created. By bringing Boba Network into our fold through this partnership with core contributor Enya Labs we are further expanding support provided to our members as well as enhancing ways they can scale their operations within Dubai & beyond”.

Conclusion

Overall, this significant technology cooperation between DMCC & Enya Labs enables members to benefit from accessing Boba Network’s Hybrid Compute technology which allows them to create dApps using “off-chain” data from any web 2 based system ultimately allowing companies within the region smarter applications for scaling purposes.

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Conflux (CFX) Jumps 53% Amid Chinese Crypto Market Boom

admin - 15. March 2023 - No comments

• Conflux (CFX) has seen a massive price surge in the last few weeks, increasing by 700%.
• This increase is due to Chinese President Xi Jinping’s reelection, which will have significant implications for domestic Chinese cryptocurrencies.
• Additionally, the recent approval of cryptocurrency trading in Hong Kong and the CPI data release have also contributed to this surge.

Conflux (CFX) Price Surge

Conflux (CFX) has seen a massive price surge in the last few weeks, increasing by 700%. The highest price CFX hit today was $0.3331, a rise of 53% over the prior 24-hour period. This increase is due to several factors such as Chinese President Xi Jinping’s reelection and the recent approval of cryptocurrency trading in Hong Kong. Additionally, the CPI data release has also contributed to this surge.

Chinese Connections Driving Up Volume

Massive interest in blockchains and tokens with Chinese connections have been driving up trade volume on Conflux. It’s the first Chinese blockchain to adopt the Tree-Graph consensus method, which improves both bandwidth and scalability while meeting all applicable regulations. Analysts argue that China opening its market to cryptocurrency is what is behind Conflux’s price surge.

ROI For Investors

Users of Conflux have reported returns of over 1,000% despite this uncertainty surrounding China’s move into crypto adoption. Bitcoin’s price soared beyond $26,000 while Ethereum’s price surpassed $1,700 at this time as well adding more upward pressure on the cryptocurrency market overall.

Xi Jinping Reelection

With his reelection as president of China for another term, Xi Jinping could have significant repercussions for domestic Chinese cryptocurrencies like Conflux (CFX). This news drove up prices even further when it was announced recently along with other moves such as approving cryptocurrency trading in Hong Kong and releasing CPI statistics that added more upward pressure on the cryptocurrency market overall.

Conclusion

In conclusion, Conflux (CFX) has seen an enormous increase in value due to various factors such as President Xi Jinping’s reelection and approval of cryptocurrency trading in Hong Kong alongside other positive movements like releasing CPI statistics that have also added more upward pressure on the entire crypto market itself leading users of Conflux reporting returns of over 1,000%.

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Bitstamp USA & Prove: Enhance Security & Streamline KYC in Under a Minute

admin - 8. March 2023 - No comments

• Prove Identity, Inc has announced a partnership with Bitstamp USA to further strengthen its security and compliance controls.
• Prove’s Pre-Fill solution will prefill online application forms with verified identity information while mitigating fraud.
• The solution modernizes the account opening process by shaving off clicks and keystrokes that limit conversions and can onboard customers in under a minute.

Prove Identity Partners with Bitstamp USA

Prove Identity, Inc. has announced a partnership with Bitstamp, the world’s longest-running cryptocurrency exchange, to further strengthen its security and compliance controls while also expediting its user onboarding process.

Pre-Fill Solution

Powered by the Prove Identity Network (PIN), Prove’s Pre-Fill solution prefills online applications with bank-grade data from authoritative sources, and authenticates consumer identities to thwart account opening fraud, such as synthetic identity fraud. Consumers benefit from a faster, easier, and more secure sign-up process, and information is auto-filled in a privacy-enhanced fashion only with the customer’s consent.

Streamline User Onboarding Process

The Pre-Fill solution streamlines the digital onboarding process by pre-populating application forms with verified identity information tied to a phone number, while mitigating fraud through its patented industry leading identity framework. This helps expedite account openings and registrations for Bitstamp US users while meeting the highest levels of compliance and security required for crypto exchanges.

Shaving Off Clicks & Keystrokes

The solution modernizes the account opening process by shaving off clicks and keystrokes that limit conversions, which can onboard customers in under a minute. This allows users to become part of the crypto community quickly while also knowing they are being protected by secure measures taken against fraud on the platform.

Commitment to Security & Compliance

Bitstamp US Chief Compliance Officer Thomas Hook comments on their commitment to providing users a safer experience: “Our mission is to streamline each customer’s onboarding experience and accelerate the KYC process while maintaining the highest levels of platform safety.” With Prove Pre-Fill this goal is achieved as it provides “best in class user experience that is both efficient and secure” according to Joon Pak at Prove Identity Inc..

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Indian State Governor’s Twitter Hacked to Promote XRP Scam

admin - 2. March 2023 - No comments

• An Indian state governor’s Twitter account was hacked to promote a cryptocurrency scam.
• Phony adverts were posted to showcase Ripple and its CEO Brad Garlinghouse.
• Similar hacks have been reported earlier in the French and Omani embassies.

Hacking of Indian State Governor’s Twitter

On March 1, 2023, hackers targeted the account of an Indian government official with the intention of spreading their cryptocurrency hoax. The account was used to publish dozens of tweets promoting XRP, a cryptocurrency backed by Ripple Labs.

Previous Hacks

Similarly, in early February, another official’s account was hacked to promote a phony XRP airdrop from Ripple, while the Indian embassy’s account in Oman has also been targeted before. This shows that authorities and those who manage their accounts do not provide appropriate attention to security and authentication, leaving them vulnerable to intrusion.

Reaction to Posts

The posts claiming that Ripple Labs CEO Brad Garlinghouse had ordered an XRP airdrop received hundreds of thousands of views. Additionally, some comments were made praising the fraudsters for the news; however, it is likely that these are either hacked or bot accounts created specifically for this purpose.

Impact on Security

This incident highlights how important it is for officials and other social media users to take security measures seriously in order to avoid being hacked or scammed by malicious actors. It also serves as a reminder that people should be mindful when responding to posts or messages online as they may be part of a larger scam or hoax attempt targeting unsuspecting victims.

Conclusion

In conclusion, this latest hack is just one example of how easily social media accounts can be compromised if proper security measures are not taken into consideration when managing them online. It is therefore essential for individuals and businesses alike to remain vigilant at all times when browsing through social networks in order to avoid falling victim to such scams or hoaxes.

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