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Crypto

Former Ripple CTO says XRP rebound hinges on wider financial adoption of XRPL

Former Ripple Chief Technology Officer David Schwartz said XRP demand and value are likely to rise if the XRP Ledger (XRPL) gains wider use in financial services. He said it was unlikely XRPL could be highly successful in financial applications while XRP lacked strong demand, unless one dominant settlement asset emerged. Participants also discussed the fee-burn mechanism, saying it was designed to prevent spam and had limited direct impact on price.

AI & Enterprise

Douzone Bizon breach hits backup service and SaaS, scope under review

A public-private joint investigation team is being formed over a security incident involving enterprise software company Douzone Bizon, as attention focuses on the scale of the breach and any data leakage. The company said breaches occurred in its APO backup service and Smart A 10 cloud-based management service. It reported suspicious access via a VPN account and said it was difficult to identify affected clients so far.

AI & Enterprise

Idemia partners with KT to support 2026 quantum-resistant cryptography pilot transition project

Idemia Secure Transactions said on Oct. 26 it will support a 2026 pilot transition project on quantum-resistant cryptography in which KT is participating. Under the project, Idemia will implement U.S. NIST-standardised and Korean quantum-resistant cryptography algorithms on a smart card platform applying quantum-resistant SIMs. It said the work will help protect defence communications systems by preparing for threats that could emerge as quantum computing advances.