“With the increased use of cryptocurrencies, crypto tax reporting continues to take shape. Thierry Breton, the European Commissioner for Internal Market, says the Commission will closely watch tech co.Sovos, a tax software company and Unbound Tech, a provider in cryptographic key management and protection, today announced a partnership to enable institutions trading or holding digital assets and cryptocurrency an advanced platform to secure their digital asset transactions that also ensures compliant tax reporting of cryptocurrency trades.Īs investments in cryptocurrencies increase, crypto platforms adhering to institutional-grade cryptocurrency trading standards must adapt to new compliance requirements as digital assets move mainstream. Recent news EC eyes Amazon, Apple and Spotify amid content law misconduct OpenAI recently introduced the successor to its popular generative AI model GPT-3.5: GPT-4. OpenAI introduces GPT-4, also available in Microsoft Bing Dutch IT services provider Linden-IT expands into Swedenĭutch IT services provider Linden-IT has expanded its operations to Sweden. Japanese cloud and telco company NTT chose San Franciso as the venue to host the North American leg of its us. mintBlue writes blockchain history: 50 million transactions in 24 hoursĪt mintBlue, they have recently been working on a blockchain-as-a-service (BaaS) platform. Microsoft has extended its Microsoft CoPilot AI functionality to Microsoft 365. Microsoft adds CoPilot AI to Microsoft 365 Tip: Okta aims for a passwordless future, adding more use cases A CyberArk survey of 3.000 remote workers from various European countries found that 93 percent of working parents use the same passwords for different applications and devices, and 37 percent of these passwords are also stored unprotected in the browser of a business device. Problems with the use of insecure passwords have re-emerged due to the shift to remote working over the past few months. Passwords are often reused even when it is well-known that this is unsafe. People who only secure their accounts with a simple password are often exposed to simple cyber attacks. Passwordless is the new futureĮnterprises today are starting to pay more attention to passwordless login solutions such as multi-factor authentication to secure their systems. Lindell claims that the adoption of these passwordless solutions is slow because software solutions are often not secure enough, and hardware solutions often lead to bad user experiences and other problems. The IT world has been exploring and developing passwordless solutions and concepts for years. “Unbound’s Crypto-of-Things leverages our advanced software that delivers seamless integration and leverages a company’s existing security policies while providing a unified interface with the highest level of security for all types of devices,” said Yehuda Lindell, CEO of Unbound Tech. The new cryptosystem can also be used to access blockchain wallets.Īccording to Unbound Tech, the Crypto-of-Things platform is designed to secure high-risk operations and authenticate transactions without the typical security, usability and cost trade-offs associated with traditional security methods. Cryptographic data never exists in its full form in one specific place. The new login platform uses Unbound’s NextGen Key Orchestration platform and stores cryptographic keys across multiple devices, allowing a crypto key to be secured anytime, anywhere, according to the company. The system uses cryptographic key management and protection to enable login without a password. Cybersecurity company Unbound Tech launched a passwordless login system called Crypto-of-Things.
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