In the fight against fraud in online credit card purchases, Mastercard announced a new measure that consists of eliminating the use of card numbers in the transaction.

As an extension to the implementation of tokens ten years ago, the credit card issuing company now takes another step towards controlling electronic fraud.

The company would be working on how to replace traditional security measures, such as passwords, with biometric data such as fingerprint or facial scanning.

The company has highlighted the importance of protecting the security of online credit card payments, as they estimate that this type of crime could exceed US$91 billion in 2028.

Hacker attacks are becoming more sophisticated and targeting websites with one-time password systems, as is the case in India. According to Mastercard, “these passwords, which retailers and banks send to consumers to authenticate their identity, are increasingly vulnerable to scammers.”

Hence, the credit card issuer has thought about a partnership with banking entities and payment service providers globally with the aim of replacing these “one-time passwords with a token based on the biometric information of the users.” consumers.” The service was launched last week in India, through a partnership with PayU and banks such as Axis Bank Ltd.

Tokenization will be used to attack the problem that “if the data was exposed and someone accessed it, they could use it.”

Mastercard aims to tokenize all e-commerce transactions in Europe by the end of the decade.

M.Pino

Source: finanzasdigital

(Reference image source: Nathana Rebouças in Unsplash)

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La entrada Mastercard will combat online fraud when paying by credit card apareció primero en Bitfinance.

Lawyers for Binance, a prominent cryptocurrency exchange, urged a judge to dismiss a lawsuit filed by the US Securities and Exchange Commission (SEC). During a January 22 hearing in the United States District Court for the District of Columbia, Binance’s legal team presented its case, focusing on the treatment of certain tokens as securities under current regulatory and legal frameworks.

A Reuters report detailed Binance’s defense strategy, noting that an exchange lawyer accused the SEC of taking a contradictory stance toward cryptocurrencies. It was argued that while the SEC encouraged companies in the sector to register, it at the same time prevented them from any viable avenue to do so.

During the hearing, it was reported that the SEC defended the clarity of Howey’s test to determine whether an asset qualifies as a value, also applicable to cryptocurrencies. To this, Judge Amy Berman Jackson expressed her doubts, asking where the line was drawn in the SEC’s interpretation of digital assets as securities.

This case between the SEC and Binance could set a significant precedent for cryptocurrency companies in the United States. Many of these companies have criticized the lack of a clear regulatory framework, which has triggered compliance actions against several, including Binance, Coinbase, Ripple and Kraken.

In a related context, Binance, Binance.US and former CEO Changpeng Zhao reached an agreement in November 2023 with several U.S. government entities, including the Department of Justice and the Commodity Futures Trading Commission, for an amount of $4.3 billion. As part of the settlement, Zhao pleaded guilty to a serious charge and is expected to be sentenced on February 23.

The January 22 hearing, originally scheduled for January 19, was postponed due to adverse weather conditions. So far, Binance’s legal team has not offered further statements on the case.

K. Tovar

Source: Reuters

(Reference image source: Kanchanara, Unsplash)

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La entrada Binance asked to dismiss the SEC’s claim apareció primero en Bitfinance.

Binance, one of the leading cryptocurrency exchanges, implemented a “monitoring tag” to address the volatility and risks associated with certain digital assets. This measure affects a specific list of tokens, including Monero (XMR), Zcash (ZEC), Horizen (ZEN) and Firo (FIRO).

In an official statement, Binance explained that tokens marked with the monitoring tag exhibit “significantly higher volatility and risks compared to other listed tokens.”

In addition, he pointed out that these tokens are at risk of not meeting listing criteria, which could result in their removal from the exchange. Binance stressed that tokens with this tag will be subject to regular reviews.

During these reviews, various criteria will be evaluated, including trading volume and liquidity, stability and security of the network, as well as contribution to the crypto ecosystem in terms of health and sustainability. The capacity to respond to periodic due diligence requests will also be considered.

K. Tovar

Source: Criptotendencia

(Reference image source: Dmytro Demidko, Unsplash)

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La entrada Binance created the monitoring tag for certain assets apareció primero en Bitfinance.

Future games in the EA Sports ecosystem will expand customization options through the implementation of virtual brand creations, hand in hand with Nike and its SWOOSH community.

EA Sports has announced a collaboration agreement with Nike Virtual Studios to bring the “.SWOOSH” creations to the publisher’s future sports video games, as reported in a statement.

These are tokens stored in a blockchain or NFTwith which players of EA Sports titles will be able to access content that combines “sports and style” and offers “unique opportunities for self-expression and creativity.”

“.SWOOSH” is the Nike community where followers of the sports brand can “create, collect, sell or wear” virtual creations on immersive experience platforms or video games. At the moment, this platform is in a closed beta phase.

Source: dpa

(Reference image source: EA, Europa Press / dpa)

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La entrada Future EA Sports games will incorporate NFT customization apareció primero en Bitfinance.

The International Committee of the Red Cross, ICRC, is working on a project based on blockchain technology to deliver tokenized aid to populations in conflict zones.

According to information provided by The Block, the Red Cross project is aimed at developing a “stable utility token” that is linked to the price of an asset, similar to what is currently known as a stablecoin, to make easier and more immediate delivery of charitable aid.

The project is carried out in partnership between the ICRC and Partisia. So far, the proceeds amount to 55 million dollars thanks to the sale of its native tokens, as reported by Kurt Nielsen, CEO of blockchain.

With this tokenized aid project, the charity founded in Switzerland in 1863 would reach those most in need almost immediately. Currently, aid is given in cash and vouchers. Thanks to the new initiative, a solution will be created that “reaches the affected people through tokens, where the necessary Internet and smartphone infrastructure exists.”

Blockchain technology will facilitate the delivery of aid and, on the other hand, the Red Cross will achieve better and greater control “over the input and output flow”, with security, data protection, public and private smart contracts, among other features.

M.Pino

Source: tradingview

La entrada The Red Cross works on a tokenized aid project for areas in conflict apareció primero en Bitfinance.

The vehicle manufacturer Nissan Motors announced that it will launch its own collection of non-fungible tokens (NFT) of its most emblematic cars, which will be called Torque Drift 2.

On the official website they explained that it is a motor sports game, enabled within the blockchain network. Starting in “the colorful scene of the streets of Tokyo to the professional competitions sponsored by global brands, Torque Drift 2 wants to offer an experience as diverse and dynamic as motorsport itself.”

The first official Nissan NFTs will be 5 variants of the 180SX model, including the Sil80 which is a cult model, and 7 variants of the 370Z model, including the 50th anniversary edition.

The development of the game will take place within the Polygon chain, which is directly linked to the ethereum blockchain.

“Nissan’s entry into the web3 space with Torque Drift 2 represents one of the most exciting and significant implementations of blockchain and NFT technology by a major global brand to date”, said Urvit Goel, Head of Global Games Business Development. at Polygon Studios.

K. Tovar

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Source: Trustnodes

La entrada Nissan will have its own NFT collection apareció primero en Bitfinance.

Telegram has announced that it is reaching the final stages of developing an auction platform through which usernames can be purchased using cryptocurrencies as a means of payment.

The co-founder and CEO of the company, Pável Durov, showed in August his interest in integrating Web3 into the messaging platform to put both the identifiers and the links of groups and channels on the ‘blockchain’ for sale as if they were non fungibles tokens (NFTs).

Web3 is an idea about the next stop of the World Wide WEB (WWW) standard that proposes a decentralized operation based on the ‘blockchain’ and other derived technologies, such as NFTs.

One of the exponents of the decentralization provided by this proposal is The Open Network (TON) project, which coined the messaging platform and launched in 2018 under the name of The Telegram Network.

However, in 2020 it had to be separated from it after a legal dispute that resulted in the union of several independent groups in charge of developing Toncoin, the native token of the TON network. These managed to win the rights to the ton.org domain in 2021, with the support of the CEO of Telegram.

Since then Durov has shown his enthusiasm for TON’s ability to auction domains, wallets or ‘wallets’ and at the time said that the integration of WEeb3 in the platform would take place “in the coming weeks”.

Now, from Telegram they have announced through their channel that the development of a platform that supports it and that will allow the acquisition of account identifiers with cryptocurrencies is being closed.

In this publication, mention is made of the manager’s post, in which it is recalled that, in addition to popular nomenclatures such as @storm or @royal, “all four-letter usernames could be available for sale.” Some of the ones he mentions are @bank, @club, @game and @gift.

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Source: dpa

La entrada Telegram will allow you to buy usernames with cryptocurrencies apareció primero en Bitfinance.

The Vincent van Gogh Sites Foundation (VGSF) promoted the creation of a collection of artworks in non-fungible token (NFT) format dedicated to the Dutch Post-Impressionist painter.

Beyond the dissemination of van Gogh’s work, already well known in the world, this collection’s main purpose is to tell the story of the artist.

The Foundation unveiled six multimedia works of art, all based on locations connected to van Gogh.

“We are proud to present this exclusive look at the making of the video. Stay tuned as we unravel the mysteries surrounding the ideas and techniques of the Vincent van Gogh 39 NFT Collection”, the foundation said on social media.

Some 84 copies in NFT format of each of the works available in 3D animation were also put up for sale. The animation shows the sheet encapsulated in a glass screen, a nod to the project’s preservation theme.

K. Tovar

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Source: Diariobitcoin

La entrada Van Gogh already has his own NFT collection apareció primero en Bitfinance.

German fashion house Hugo Boss announced that it will join the universe of non-fungible tokens (NFT) with the launch of its own collection.

This will be possible thanks to the association with the company of the Web 3.0 world, Imaginary Ones, who specialize in offering a holistic 360 degree metaverse experience.

The HUGO x Imaginary Ones exclusive NFT collection of 1001 3D animations, titled Embrace Your Emotions, is scheduled to be released.

Of the 1,001 tokens, six characters will contain special attributes. Each of the five characters represents one of our everyday emotions: joy, sadness, fear, anger and love.

The collection will also fund a social cause as, to commemorate World Mental Health Day this October 10, a special sixth character that brings together all five emotions will be auctioned off, with 100% of the proceeds donated to Conscious Youth of mental health.

This evidence-based mental health program invites 13-17 year olds to learn about and explore the topic of mental health and has been conducted with more than 85,000 adolescents in 16 countries.

K. Tovar

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Source: Diariobitcoin

La entrada Hugo Boss joins the NFT universe apareció primero en Bitfinance.

The CEO of the video game giant Ubisoft, Yves Guillemot indicated that the company will continue to do research regarding the implementation of non-fungible tokens (NFT).

The company has a project called Quartz, which is currently in a research phase, which aims to determine if games can be created based on NFT.

Guillemot seems to walk back on some of those comments, emphasizing that, at this stage, Ubisoft is primarily looking to find out how NFTs can be applied to games and whether they will benefit players or not.

“We are very aware of the cloud, of the new generation of voxels, and we are studying all the capabilities of Web3. We have recently tested some things that are giving us more information about how it can be used and what we should do in the universe of videogames,” said the executive.

In December of last year, the company had made its first official announcement regarding the foray into the world of NFTs, which was accompanied by the launch of a beta version of Quartz, which was intended to offer token-based entertainment.

K. Tovar

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Source: Cointelegraph

La entrada Ubisoft will continue to investigate NFT apareció primero en Bitfinance.