T-Systems and Validation Capital Partner With Flow Blockchain

PRESS RELEASE. January 13, 2021 – T-Systems MMS, a subsidiary of the largest telecommunications provider in Europe, Deutsche Telekom, announces today a partnership with Flow blockchain developed by Dapper Labs, the company behind CryptoKitties and NBA Top Shot.

Japanese telecoms giant Softbank Corp joins crypto regulatory group JSTA

Softbank’s telecoms arm is set to become the latest member of the Japanese Security Token Association. Softbank Corp, the telecommunications arm of Japanese conglomerate Softbank Group, has confirmed its membership of the Japanese Security Token Association.  The company now joins other firms such as Mitsui Trust and Qunie, the consulting subsidiary of NTT Data, as members of the crypto advocacy body. The JSTA also includes crypto and blockchain member firms such as security token platform TokenSoft and Japan’s largest cryptocurrency trading service BitFlyer. The association is part of a group of advocacy and self-regulatory bodies that exist within the Japanese cryptocurrency and blockchain space. In April 2020, Japan’s Financial Services Agency certified both the Japan Security Token Association and the Japan Virtual Currency Exchange Business Association, or JVCEA, as recognized Financial Instruments and Exchange Associations. As part of the process, the JVCEA was renamed the Japan Crypto Asset Trading Business Association. These self-regulatory organizations routinely work with the FSA to firm up Japan’s cryptocurrency regulations.

'Bitcoin never gets hacked' — crypto players respond to US Treasury breach

"Bitcoin means trusting a SHA256 algorithm more than the US Treasury," quipped Blockfolio. Crypto players were quick to respond to the news that hackers breached the US Treasury Department. According to a report from Reuters, a “sophisticated hacking group” backed by a foreign government — reportedly Russia, according to three people familiar with the investigation — was able to breach the US Treasury Department as well as the National Telecommunications and Information Administration, or NTIA, with the Department of Commerce.

Blockchain Startup Raises $12M Series A to Turn Brands Into Cellular Networks

Blockchain startup OXIO raised a $12 million Series A to make “Telecom-as-a-Service” as common as SaaS.

Verizon launches blockchain platform to verify its news releases

New York-based telecommunications company Verizon has announced the launch of a blockchain-based, “open-source newsroom product designed to raise the bar for corporate accountability," according to The post Verizon launches blockchain platform to verify its news releases appeared first on AMBCrypto.

Verizon’s newsroom to use blockchain in bid for absolute transparency

News requires an element of trust.

Telecoms protocol from 1975 exploited to target 20 crypto executives

At least 20 crypto executives and customers of an Israeli telecommunications company were targeted in a sophisticated SS7 attack last month. Hackers compromised the Telegram messenger and email accounts of multiple cryptocurrency executives last month by exploiting a vulnerability in a decades old protocol.  The fraudsters are believed to have been trying to intercept two-factor authentication codes of victims in an attack on Israel-based telecommunications provider Partner Communications Company, formerly known as Orange Israel. The attacks are currently being investigated by Israel’s National Cyber Security Authority, and national intelligence agency Mossad. According to cybersecurity publication Bleeping Computer, the devices of at least 20 Partner clients were compromised.

Trump Administration Wants Clean 5G Networks Free of China State Actors

Mike Pompeo, Secretary of State for the Trump administration has announced the expansion of the Clean Network program, outlining five new lines of defense to protect America’s critical telecommunications and technology infrastructure from untrusted Chinese state-owned enterprises like Huawei and ZTE.

T-Mobile Sued Over $8.7m Stolen in SIM-Swap Attacks

The CEO of a crypto firm that recently settled with the SEC over its 2017 ICO is suing T-Mobile over a series of SIM-swaps that resulted in the loss of $8.7 million worth of crypto. Reggie Middleton, the chief executive of crypto company Veritaseum, is suing telecommunications provider T-Mobile for allegedly enabling the theft of $8.7 million worth of crypto in a series of SIM-swap attacks. According to filings published on July 22, Middleton was first targeted by SIM-swappers during July 2017.

Argentine Telecom Hackers Demanded $7.5M in Crypto as Ransom

Argentina’s leading telecommunications company fought off a cyberattack on Saturday where hackers demanded a hefty ransom in monero to release keys that would allow infected computers back into the system.