Latest news with #TRX
Economic Times
2 days ago
- Business
- Economic Times
System vs System: Why crypto needs a culture of relentless security
In the early years of crypto, the dominant narrative was often adversarial: crypto vs. traditional systems, decentralization vs. control, innovation vs. regulation. But that framing is no longer useful—nor is it accurate. What we are witnessing today is not a battle of ideology, but of resilience. This shift reflects a growing realization: the long-term viability of crypto depends on building systems that are not just open and inclusive, but fundamentally secure. ADVERTISEMENT In this new age, cybersecurity isn't a support function—it is the foundation. Whether you're an exchange safeguarding billions in user assets, a developer launching a smart contract, or a retail investor using self-custody wallets, security determines whether your system can withstand stress, fraud, and attacks. Without traditional intermediaries, the burden of protection moves to the edge—to platforms, protocols, and people. A recent scam I discussed on X illustrates the risks we face when this responsibility is ignored. On the surface, it appears harmless: someone shares a wallet seed phrase on a forum or in a comment section, asking for help withdrawing funds. Curious users import the wallet and see a balance—often in stablecoins like USDT or DAI. The catch? There's no native token for gas fees. Driven by the urge to extract the funds, users send ETH or TRX to enable the transfer. Instantly, those tokens are drained by bots monitoring the wallet. The user thought they were exploiting a mistake—when in fact, they were the target all along. This isn't a flaw in the blockchain. It's a flaw in human behavior. There was no technical breach—just psychological bait and an ecosystem not yet equipped to protect people from types of scams are becoming more frequent and more sophisticated. They don't rely on code exploits, but on exploiting curiosity, greed, and a lack of security awareness among everyday users. That's why building a security-first culture across the Web3 ecosystem is non-negotiable. We cannot wait for regulators or law enforcement to react. The responsibility begins with us—the builders, founders, and platforms that power this platforms must improve on the security front, no amount of backend protection can compensate for a lack of user awareness. If crypto is about empowerment, that empowerment must come with education. We need public campaigns, product nudges, default safety mechanisms, and consistent messaging that puts user protection front and center. Security should not be something users opt into—it should be something they cannot opt out of. ADVERTISEMENT The ultimate question we must ask is this: when the pressure rises, which systems will hold—and which will fail? The answer won't depend on hype cycles, price rallies, or even regulation. It will depend on how well we've designed our infrastructure, protocols, and user journeys to withstand inevitable a world where financial systems are increasingly digital and decentralized, we are not just competing on innovation—we are competing on integrity. Crypto will not succeed because it is new. It will succeed because it is stronger. ADVERTISEMENT And that strength will come from one thing above all else: security. (Neeraj Khandelwal is co-founder of CoinDCX) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of
Time of India
2 days ago
- Business
- Time of India
System vs System: Why crypto needs a culture of relentless security
In the early years of crypto, the dominant narrative was often adversarial: crypto vs. traditional systems, decentralization vs. control, innovation vs. regulation. But that framing is no longer useful—nor is it accurate. What we are witnessing today is not a battle of ideology, but of resilience. This shift reflects a growing realization: the long-term viability of crypto depends on building systems that are not just open and inclusive, but fundamentally secure. In this new age, cybersecurity isn't a support function—it is the foundation. Whether you're an exchange safeguarding billions in user assets, a developer launching a smart contract, or a retail investor using self-custody wallets, security determines whether your system can withstand stress, fraud, and attacks. Without traditional intermediaries, the burden of protection moves to the edge—to platforms, protocols, and people. Explore courses from Top Institutes in Select a Course Category others Data Science Artificial Intelligence Project Management CXO MCA Management Public Policy Finance Others Degree PGDM MBA Healthcare Cybersecurity Product Management Design Thinking Data Analytics Digital Marketing Data Science Leadership Operations Management Technology healthcare Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More A recent scam I discussed on X illustrates the risks we face when this responsibility is ignored. On the surface, it appears harmless: someone shares a wallet seed phrase on a forum or in a comment section, asking for help withdrawing funds. Curious users import the wallet and see a balance—often in stablecoins like USDT or DAI. The catch? There's no native token for gas fees. Driven by the urge to extract the funds, users send ETH or TRX to enable the transfer. Instantly, those tokens are drained by bots monitoring the wallet. The user thought they were exploiting a mistake—when in fact, they were the target all along. Crypto Tracker TOP COIN SETS DeFi Tracker 14.53% Buy NFT & Metaverse Tracker 14.45% Buy AI Tracker 12.41% Buy Crypto Blue Chip - 5 9.25% Buy Web3 Tracker 8.35% Buy TOP COINS (₹) Ethereum 324,357 ( 4.16% ) Buy BNB 65,693 ( 2.83% ) Buy XRP 300 ( 2.1% ) Buy Bitcoin NaN ( 0.44% ) Buy Tether 86 ( 0.05% ) Buy This isn't a flaw in the blockchain. It's a flaw in human behavior. There was no technical breach—just psychological bait and an ecosystem not yet equipped to protect people from themselves. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » These types of scams are becoming more frequent and more sophisticated. They don't rely on code exploits, but on exploiting curiosity, greed, and a lack of security awareness among everyday users. That's why building a security-first culture across the Web3 ecosystem is non-negotiable. We cannot wait for regulators or law enforcement to react. The responsibility begins with us—the builders, founders, and platforms that power this industry. Live Events While platforms must improve on the security front, no amount of backend protection can compensate for a lack of user awareness. If crypto is about empowerment, that empowerment must come with education. We need public campaigns, product nudges, default safety mechanisms, and consistent messaging that puts user protection front and center. Security should not be something users opt into—it should be something they cannot opt out of. The ultimate question we must ask is this: when the pressure rises, which systems will hold—and which will fail? The answer won't depend on hype cycles, price rallies, or even regulation. It will depend on how well we've designed our infrastructure, protocols, and user journeys to withstand inevitable threats. In a world where financial systems are increasingly digital and decentralized, we are not just competing on innovation—we are competing on integrity. Crypto will not succeed because it is new. It will succeed because it is stronger. And that strength will come from one thing above all else: security. (Neeraj Khandelwal is co-founder of CoinDCX)
Yahoo
5 days ago
- Business
- Yahoo
TRX Gold Corp (TRX) Q3 2025 Earnings Call Highlights: Strong Financial Performance Amid ...
Release Date: July 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points TRX Gold Corp (TRX) reported strong financial results for Q3 2025, with increases in revenue, gross profit, and net income compared to previous quarters. The company has successfully expanded its processing capacity to 2,000 tons per day and plans further expansions to 3,000-4,000 tons per day. TRX Gold Corp (TRX) has a robust PEA with a $1.2 billion NPV at $3,000 gold, indicating significant potential value. The company is self-funding its growth and has a straightforward business plan to expand operations and develop underground mining. TRX Gold Corp (TRX) has entered into an agreement with the Bank of Tanzania to sell a portion of its gold production locally, benefiting from a reduced royalty rate. Negative Points The company is currently facing challenges with negative working capital, which it aims to rectify in the short term. There are concerns about the joint venture agreement with Semenko, which is less favorable compared to other jurisdictions. The company is reliant on short-term liquidity lines to finance long-term assets, which may pose financial risks. TRX Gold Corp (TRX) has not yet fully optimized its plant operations, with ongoing efforts to improve recovery rates and processing efficiency. The market has not yet fully recognized the company's potential, as reflected in its stock price not appreciating as much as some non-producing juniors. Q & A Highlights Warning! GuruFocus has detected 2 Warning Sign with TRX. Q: During the quarter, we saw a 25% oxide and 75% sulfide mix in throughput. How do you expect this to trend in the coming quarters? A: Steven Maloney, CEO: We aim to reduce the oxide percentage as we install a pre-leach thickener by the end of this calendar year, which will allow us to process more sulfides and improve head grade by about 0.3 to 0.4 grams. Q: Can you provide more details on the recovery improvements and the timeline for these enhancements? A: Richard Goffy, Technical Expert: We are working on achieving a stable grind size of 75 microns, which will improve recovery. The flotation plant and associated fine grinding are expected to be operational by FY 2027, leading to significant recovery improvements. Q: With the current strong gold price environment, what are the main challenges to increasing annual production beyond 62,000 ounces? A: Richard Goffy, Technical Expert: The main bottleneck is the mill capacity. We plan to ensure our SAG mill has extra capacity to potentially increase throughput beyond 3,000 tons per day. Underground expansion will require additional declines and optimization studies. Q: Why not sell 100% of your production to the Bank of Tanzania given the reduced royalty rate? A: Michael Clo, CFO: While we have the option to sell more than the 20% minimum, we still require some US dollar revenue for expenses. Additionally, the Bank of Tanzania's refining capacity is currently limited, but we may increase sales to them as they improve. Q: How do you plan to address the market's concerns about your working capital and joint venture agreement? A: Steven Maloney, CEO: We are focused on normalizing our working capital and improving our financial metrics. Additionally, we are in discussions with the Tanzanian government to revise our joint venture agreement to be more favorable, which should help improve market perception. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Economic Times
6 days ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : SRM Transforms into Tron Inc. Amid Crypto Shift
17 Jul 2025 | 01:25:11 AM IST SRM Entertainment has rebranded as Tron Inc. and will trade under the Nasdaq ticker 'TRON', marking its shift from a toy supplier to a major player in the crypto treasury space with over 365 million TRX tokens. In a surprising corporate transformation, SRM Entertainment has rebranded as Tron Inc., aligning itself with the cryptocurrency sector by stockpiling over 365 million TRX tokens. This shift raises questions about its identity, as it continues to operate in the theme park merchandise space. Meanwhile, political dynamics are at play, with Donald Trump expressing dissatisfaction with Federal Reserve Chairman Jerome Powell, potentially leading to his dismissal. Trump's coalition against Powell is gaining traction, with calls for investigations into the Fed's operations. In the DeFi arena, World Liberty Financial's WLFI token is set to become tradable after a governance vote passed overwhelmingly, allowing early investors to unlock their tokens. Additionally, XRP's price is on the rise, with analysts predicting it could reach $5 due to increasing demand and positive market indicators. Lastly, Arbitrum's token ARB surged after being listed as a supported chain for PayPal's PYUSD stablecoin, reflecting growing interest in the network. These developments highlight the evolving landscape of cryptocurrency and its intersection with traditional finance and politics. Show more
San Francisco Chronicle
14-07-2025
- Business
- San Francisco Chronicle
TRX Gold: Fiscal Q3 Earnings Snapshot
OAKVILLE, Ontario (AP) — OAKVILLE, Ontario (AP) — TRX Gold Corporation (TRX) on Monday reported a loss of $218,000 in its fiscal third quarter. The Oakville, Ontario-based company said it had a loss of less than 1 cent on a per-share basis. The mineral resource company posted revenue of $12.5 million in the period. _____
