Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The world of payments is having its “Henry Ford” moment. Traditional organizations in the industry, from payment service providers (PSPs) to banks, are still using the equivalent of horses for settlement and cross-border transactions. In contrast, innovative startups and certain forward-looking incumbents have embraced this industry’s Model T – blockchain technology. The results that payments providers exploring blockchain have reported thus far can’t be ignored.

The financial industry is making new moves, with tokenization projects coming to light to bring traditional assets into the public blockchains and increasing their distribution and liquidity. The trend gained momentum with the issuance of bonds and other funds in the last 12 months.

Designing a blockchain-based product requires extensive planning in order to deliver a compelling set of features with the best possible user experience. Every aspect of the product matters – from the user interface to the backend logic in the codebase. However, important security and compliance vectors tend to slip through the cracks. This blog post aims to offer a new perspective on enhancing your blockchain product’s design and architecture by incorporating some key elements.

Read also: A LockBit affiliate sentenced in Canada, a scammer gets 10 years for leading a massive credit card fraud ring, and more.

Zodia Markets, a UK-headquartered institutional crypto trading business backed by Standard Chartered, has integrated Fireblocks to support the increased adoption of digital asset-based cross-border transactions. This strategic move offers a first-of-its-kind solution to improve efficiency in cross-border payments using stablecoins.

The Sysdig Threat Research Team (TRT) discovered a malicious campaign using the blockchain-based Meson service to reap rewards ahead of the crypto token unlock happening around March 15th. Within minutes, the attacker attempted to create 6,000 Meson Network nodes using a compromised cloud account. The Meson Network is a decentralized content delivery network (CDN) that operates in Web3 by establishing a streamlined bandwidth marketplace through a blockchain protocol.

The next crypto bull run is coming. Bitcoin’s price is up 120% from this time last year, and previous Bitcoin halving events have resulted in growth across the entire digital asset ecosystem. Given this growth, the space is witnessing significant institutional interest and a push for secure, reliable blockchain platforms.

Researchers at Lookout have discovered a sophisticated phishing kit that’s targeting employees at the US Federal Communications Commission (FCC), as well as employees of cryptocurrency exchanges Binance and Coinbase. The kit also targets users of cryptocurrency platforms, including Binance, Coinbase, Gemini, Kraken, ShakePay, Caleb & Brown and Trezor.

Securing your digital assets is becoming more and more crucial as the use of cryptocurrency grows. Choosing the appropriate crypto wallet is one of the most important steps in managing your cryptocurrency assets. But when there are so many to choose from, selecting the right option can be difficult.