1. Bybit replenishes reserves after $1.5B hack
Crypto exchange Bybit has restored its reserves following a record-breaking $1.5 billion hack, ensuring the platform’s liquidity and user security. Source
2. Fintechs like Block and PayPal explore new revenue streams
Block and PayPal are diversifying their business models, focusing on alternative revenue sources, such as blockchain and digital wallets, to counter slowing growth. Source
3. Bybit faces $5B outflows post-crypto hack
After the massive hack, Bybit saw $5 billion in outflows, reflecting heightened user concern over the platform’s security and long-term stability. Source
4. US seizes $31M in crypto linked to hack
US authorities have confiscated $31 million in cryptocurrency tied to the Uranium Finance hack, signaling tighter oversight of digital asset-related crimes. Source
5. Signicat aids EU’s digital ID initiative
Digital identity provider Signicat has partnered with the EU to support the development of its pan-European digital ID framework for secure access. Source
6. Eutelsat partners on first satellite 5G test
Eutelsat has teamed up with tech firms to claim the world’s first satellite-based 5G test, marking a significant leap in global connectivity solutions. Source
7. Cyberattack could cost manufacturers up to $2M
Manufacturers are projected to face losses up to $2 million per attack, with increasing cyber threats disrupting operations and damaging brand reputations. Source
8. Europe lags behind in 5G SA rollouts
Europe is significantly behind other regions in deploying 5G Standalone (SA) networks, hindering its ability to lead in next-gen mobile services. Source
9. Apple halts Advanced Data Protection in UK
Apple has paused its Advanced Data Protection service in the UK due to regulatory concerns, raising alarms over privacy rights in the region. Source
10. Apple invests heavily in US amid tariff threats
Apple has committed to a significant investment in the US as a response to tariff threats, focusing on manufacturing and job creation within the country. Source
11. Nokia partners with Globe Telecom to tackle banking fraud
Nokia has teamed up with Globe Telecom to combat fraud in the banking sector, implementing secure APIs to enhance financial transactions. Source
12. Microsoft cancels AI data center leases
Microsoft has cancelled several AI data center leases, reassessing its strategy amidst growing demand for more sustainable and cost-effective computing infrastructure. Source
13. IQ Fiber announces network expansion in Charleston
IQ Fiber has announced the deployment of its high-speed fiber-optic network in Charleston, South Carolina, expanding broadband access in the region. Source
14. European telecoms sign MoU for Arctic cable system
Major European telecom firms have signed an MoU for a new pan-Arctic cable system, aiming to improve connectivity and data transfer across northern regions. Source
15. Starlink faces competition from China’s Spacesail
Starlink is facing increasing competition from China’s Spacesail in the satellite internet sector, as the latter aims to challenge global connectivity offerings. Source
16. Pakistan’s digital connectivity boosted by new satellite
Pakistan is set to enhance its digital connectivity with the launch of the Ultra-High Capacity Africa satellite, strengthening the country’s tech infrastructure. Source
17. Hivelocity completes integration to boost infrastructure
Hivelocity has successfully completed its full integration, solidifying its position as a leading global infrastructure provider with enhanced service capabilities. Source
18. Australia’s first submarine hypercable set for deployment
Australia is preparing for the deployment of its first submarine hypercable, which promises to significantly improve internet speed and global connectivity. Source
