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Ford, Toyota double down on blockchain as driverless car tech stagnates

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Major automotive giants Ford and Toyota are significantly ramping up their investments in blockchain technology as progress in driverless car development appears to stall. Both companies are exploring the potential of blockchain to enhance various aspects of their operations, from supply chain management to vehicle security.

The decision to deepen their commitment to blockchain comes as the anticipated advancements in autonomous vehicle technology have faced unexpected delays and technical hurdles. Industry experts have noted that while the initial excitement around driverless cars was high, recent developments have not met the ambitious timelines initially projected.

Ford and Toyota’s increased focus on blockchain reflects a strategic shift towards leveraging digital ledger technology to address some of the inefficiencies and vulnerabilities in their current systems. For Ford, the integration of blockchain aims to improve transparency and traceability within its supply chain, potentially reducing costs and mitigating risks associated with parts and materials.

Similarly, Toyota is exploring blockchain applications to enhance vehicle data management and security. The company believes that blockchain can offer robust solutions for protecting sensitive information and verifying the authenticity of parts, which is crucial in maintaining the integrity of their vehicles and operations.

Both automakers view blockchain as a transformative technology that can provide long-term benefits beyond the immediate challenges facing driverless car development. The technology’s decentralized nature offers significant advantages in terms of security, efficiency, and data management, which are increasingly critical as vehicles become more connected and complex.

While the shift towards blockchain represents a significant pivot for Ford and Toyota, it also underscores the broader industry trend of exploring alternative technologies to complement or enhance existing innovations. As the automotive sector continues to navigate the evolving landscape of technology and regulation, these investments in blockchain signal a strategic move to stay ahead of potential disruptions and capitalize on new opportunities.

As the automotive world watches closely, Ford and Toyota’s blockchain initiatives could set a precedent for how traditional manufacturers adapt to technological shifts and challenges. The outcomes of these efforts may well influence the future direction of both blockchain applications and the broader automotive industry.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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