Blockchain Press Releases
TXOne Networks wins SC Awards Europe 2023 for ‘Newcomer of the year’ with the OT Zero Trust concept
Industrial customers can safeguard critical infrastructures with TXOne Networks’ award-winning OT Zero Trust approach
Picture is available at AP Images (http://www.apimages.com)
LONDON, and EINDHOVEN, Netherlands, June 27, 2023 /PRNewswire/ — TXOne Networks, a leader of industrial cybersecurity, is proud to announce that it has been honored with the prestigious SC Awards Europe 2023, which are run by key cybersecurity publishing house SC Media. The SC Awards Europe recognize and reward products and services that defeat imminent threats and cyber-security attacks, stand out from the crowd and exceed customer expectations. TXOnes’ innovative OT Zero Trust concept was awarded in the category “Newcomer of the year”. Now since more and more people are aware of the importance of cybersecurity in OT, the next challenge for companies is to move in that direction without impacting their day-to-day missions. TXOne accompanies and supports them in this.
“The quantity and quality of cyber-attacks on critical infrastructures continues to increase, and cyber-defence must keep pace. TXOne again proved that we offer the comprehensive OT-native solutions needed to do so. We are delighted to have been awarded Newcomer of the Year, but even more delighted to have won again after last year’s successful awards, further establishing us as one of the top players in OT cybersecurity.”, said Dr. Terence Liu, CEO of TXOne Networks. He continues: “With our OT Zero Trust approach, specifically tailored for the industrial world, TXOne safeguards the business and its operations and keeps them running even when there is a potential incident.”
The OT Zero Trust concept
TXOne believes that legacy systems are critical to keep the operation running. In this case, all of the company’s products are designed to accommodate the special needs of OT, with minimum system footprints to fit in the OT environments where most computing power are reserved to the operation. True to the Motto “Never trust – always verify” TXOne’s OT Zero Trust methodology establishes a comprehensive framework in which every device is safeguarded by at least one security countermeasure throughout its entire life cycle. This includes rigorous pre-service inspections, endpoint protection, and robust network defenses.
With this OT Zero Trust concept in mind, TXOne offers complete solutions consisting of supply chain security, anti-malware for endpoints, and industrial network protection. The company is keen to protect critical assets across multiple OT verticals in their entire life cycle, modern as well as legacy ones, with multi-layered measures.
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About TXOne Networks
TXOne Networks offers cybersecurity solutions that ensure the reliability and safety of industrial control systems and operational technology environments through the OT zero trust methodology. TXOne Networks works together with both leading manufacturers and critical infrastructure operators to develop practical, operations-friendly approaches to cyber defense. TXOne Networks offers both network-based and endpoint-based products to secure the OT network and mission-critical devices in a real-time, defense-in-depth manner. www.txone.com
European press contact TXOne Networks GlobalCom PR-Network GmbH
Martin Uffmann / Slavena Radeva
[email protected] / [email protected]
+49 89 360363-41 / -50
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China, renowned for its significant role in the global cryptocurrency mining industry, is facing increasing scrutiny over the environmental impact of its growing blockchain sector. Concerns about carbon emissions and energy consumption are prompting regulatory bodies to take action.
To understand the future trajectory of this sector, we consulted leading AI platforms to predict the fate of eco-friendly digital currencies, often referred to as “green cryptocurrencies.”
Regulators worldwide are expected to focus on sustainability and reducing energy consumption in cryptocurrencies. This could lead to potential restrictions on high-energy blockchains. Green cryptocurrencies, such as Cardano, Algorand, and Tezos, utilize Proof of Stake (PoS) consensus mechanisms, significantly reducing their carbon footprint compared to traditional Proof of Work (PoW) systems like Bitcoin.
Bitcoin, the most well-known cryptocurrency, is under scrutiny due to its substantial energy demands.
A single Bitcoin transaction consumes a significant amount of electricity, which raises environmental concerns. As the focus on green technologies grows, it may influence Bitcoin’s price and the broader cryptocurrency market, potentially driving interest towards more sustainable alternatives.
On the global stage, responses to the crypto energy crisis vary. Some countries like Sweden and Iceland have embraced green crypto mining due to their renewable energy sources. However, China, once a leader in crypto mining, is predicted to implement a ban on high-energy blockchains to address environmental degradation associated with these activities.
This anticipated ban could encourage other nations to consider similar measures or adopt more sustainable practices in crypto mining. The collective shift towards green crypto could reshape the economic and environmental landscape of digital finance, creating a new paradigm where technology and sustainability coexist for global benefit.
Source: cyrptonews.com
The post AI Predicts China Will Ban High-Energy Blockchains appeared first on HIPTHER Alerts.
The finance sector worldwide is increasingly exploring blockchain technology, which offers permanent transaction records and reduces reliance on centralized Web2 servers. Germany’s Kreditanstalt fuer Wiederaufbau (KfW), the third-largest state-owned bank, is now joining this trend by planning to issue its first blockchain-based digital bond. This move not only marks KfW’s entry into blockchain but also aims to drive wider adoption of the technology.
The bond KfW plans to issue will be tokenized, essentially creating a virtual representation of the bond on a blockchain to validate its transactional history and ownership. Tokenization offers several advantages, including the automation of interest payments and maturity settlements, as well as reducing the need for intermediaries, thereby cutting overall transaction costs.
Melanie Kehr, Member of the Executive Board of KfW Group, described the planned bond issuance as a “crypto security” and emphasized the bank’s commitment to innovation.
Source: gadgets360.com
The post German Bank Set to Tokenise Bonds, Drive Blockchain Adoption: Details appeared first on HIPTHER Alerts.
Two men, Jake Lee and James Heppel, have been sentenced to jail for stealing over £5.7 million worth of cryptocurrency from victims globally. Identified by the South West Regional Organised Crime Unit (SWROCU), the pair targeted 55 victims across 26 countries, including 11 from the UK. Lee received a four-year prison term, while Heppel was sentenced to 15 months.
The fraud involved replicating the website of the cryptocurrency exchange Blockchain.com to access victims’ Bitcoin wallets, enabling them to steal funds and login details. The police confiscated various assets, including £551,000 in cash, £64,000 worth of cryptocurrency, and a Banksy print valued at £60,000.
Lee was ordered to pay nearly £1 million as part of a confiscation order to compensate victims, with similar proceedings underway for Heppel. The investigation began when Lee was arrested on suspicion of money laundering, leading to the discovery of the cryptocurrency scam involving Heppel. Detective Superintendent Matt
Source: bbc.com
The post Pair jailed for £5.7m cryptocurrency scam appeared first on HIPTHER Alerts.
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