Author: Wei Xiang

In the evolving landscape of cryptocurrency and digital assets, trust remains a cornerstone of adoption and growth. The concept of Proof of Reserves (PoR), born in the aftermath of the catastrophic Mt. Gox collapse, has become a crucial mechanism to ensure transparency and accountability across various facets of the crypto ecosystem.  https://www.thenetworkfirm.com/blog/the-power-of-proof-of-reserves Read more

As cryptocurrencies and digital assets gain mainstream acceptance, crypto firms face increasing challenges in securing these valuable holdings. Digital asset custody is a cornerstone of any robust risk management strategy, yet it remains a complex and evolving area. In this guide, we’ll break down the risks associated with digital asset custody and provide insights into… Read more

The Global State of Open Banking and Open Finance Report examines the diverse regulatory and operational landscape for open banking and open finance across 95 jurisdictions. This comprehensive study provides an analysis of governance practices, highlights factors driving convergence or divergence among frameworks, and draws lessons from varying implementation strategies that are shaping the future… Read more

Tokenization is a process that safeguards sensitive payment information by replacing it with unique, non-sensitive identifiers known as tokens. These tokens securely map to the original payment credentials but are disguised in a way that even hackers would not be able to use them. This extra layer creates a much more secure and safe payment… Read more

Rapid digitization across the globe is transforming all aspects of our lives, and payments are the most crucial element. From online marketplaces and streaming videos to cross-border money transfers, almost every digital activity relies on a payment system. J.P. Morgan’s proprietary POWER+ framework outlines five mega-themes that are shaping the future of payments. These mega-themes account… Read more