Global corporates could save $100bn in yearly transaction costs through CBDCs
A joint report from J.P Morgan and Oliver Wyman has predicted up to $100bn annually could be saved in transaction costs through a central bank digital currency (CBDC) network.
Security platform Wabbi closes oversubscribed seed funding round
US continuous security platform Wabbi has secured $2m from a seed funding round led by Mendoza Ventures.
UK to force financial institutions to publish net zero transition plans
UK Chancellor of the Exchequer Rishi Sunak has revealed that the UK will force financial institutions to publish its plans on how they will transition to net zero.
Regulation of stablecoins in sight following US Treasury body report
A recent report has called on the US Congress to regulate the issuers of stablecoins and has urged agencies to assess whether the coins pose a systemic risk.
Dragos crowned first ever industrial cybersecurity unicorn after $200m Series D
Cybersecurity firm Dragos has become the first ever industrial cybersecurity unicorn after it raised $200m in a Series D round led by Koch Disruptive Technologies.
Phishing protector SlashNext scores $26m funding
Phishing protection provider SlashNext has secured $26m from a recent financing round.
2021 set to be costliest year on record for ransomware attacks
Ransomware threat intelligence firm SonicWall has found 2021 will be the most expensive and dangerous year on record for ransomware attacks, with 495 million logged already.
Digital currency pilot begins in Nigeria with eNaira launch
The Central Bank of Nigeria (CBN) has unveiled its central bank digital currency (CBDC) eNaira in its pilot study named Project Giant.
Sonrai Security inks $50m Series C to scale cloud security for global firms
New York-based cloud security company Sonrai Security has raked in $50m from a Series C funding round led by ISTARI.
FTC study highlights internet provider failings to protect consumers
A study published by the Federal Trade Commission (FTC) has found that internet service providers (ISPs) are failing to disclose to consumers how they are protecting their privacy.
