Latest news for NanoXplore (OTC:NNXPF) Stock

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.

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The 2022 OTCQX Best 50 Has Been Announced — Here Are The Companies That Made The Cut

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

OTC Markets recently released its newest installment of the OTCQX Best 50 list. Released annually, the OTCQX Best 50 is a list of the 50 top-performing companies on the OTCQX Market, its top market tier. 

These Were The 50 Best-Performing Companies On The OTCQX Market In 2020

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Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) has successfully leveraged artificial intelligence and machine learning to prevent $40 billion in fraudulent activities, according to a company executive.
What Happened: James Mirfin, global head of risk and identity solutions at Visa, <a href="https://www.cnbc.com/2024/07/26/ai-and-machine-learning-helped-visa-combat-40-billion-in-fraud-activity.html">informed</a> CNBC that the company has utilized AI and machine learning to combat fraudulent activities, which have nearly doubled from the previous year.
Visa has managed to prevent $40 billion in fraudulent activities from October 2022 to September 2023, which is almost twice the amount from the previous year, Mirfin said.
He explained that fraudsters use AI to generate primary account numbers (PAN) and repeatedly test them. This method, known as an enumeration attack, results in $1.1 billion in fraud losses annually.
&#8220;We look at over 500 different attributes around [each] transaction, we score that and we create a score –that&#8217;s an AI model that will actually do that. We do about 300 billion transactions a year,&#8221; Mirfin told CNBC.
Visa assigns a real-time risk score to each transaction to detect and prevent enumeration attacks in transactions processed remotely without a physical card via a card reader or terminal.
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39947663/peter-schiff-says-americans-are-broke-points-to-fords-dismal-q2-profit-they-cant-afford-to-buy-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Says &#8216;Americans Are Broke&#8217; — Points To Ford&#8217;s Dismal Q2 Profit: &#8216;They Can&#8217;t Afford To Buy New Cars&#8217; Due To Interest Rates</a>
&#8220;Every single one of those [transactions] has been processed by AI. It&#8217;s looking at a range of different attributes and we&#8217;re evaluating every single transaction,&#8221; Mirfin said.
Visa also uses AI to assess the likelihood of fraud for token provisioning requests and has invested $10 billion in technology to reduce fraud and increase network security over the last five years.
Why It Matters: The significance of Visa&#8217;s achievement in preventing $40 billion in fraudulent transactions is underscored by the alarming rise in cybercrime. According to Charles Lobo, Visa&#8217;s Regional Risk Officer for Central and Eastern Europe, Middle East, and Africa, cybercrime could rival the world&#8217;s top economies by 2025, with projected costs <a href="https://www.benzinga.com/markets/equities/24/07/39913436/visa-warns-cybercrime-could-rival-worlds-top-economies-by-2025-reportedly-defends-against-40b-in">reaching $10.5 trillion annually</a>.
Additionally, the use of AI-generated fake IDs to bypass Know Your Customer (KYC) checks on cryptocurrency exchanges has become <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/36950776/ai-generated-fake-ids-bypass-crypto-exchange-kyc-checks-okx-says-industry-wide-issue">a widespread issue</a>. OnlyFake, an online service, has been creating counterfeit IDs that successfully pass KYC checks, raising significant security concerns.
Moreover, the use of deepfake technology in scams is on the rise. In one instance, fraudsters used deepfake technology to impersonate a company&#8217;s CFO during a video call, resulting in a $25 million loss, as reported by <a href="https://www.benzinga.com/news/24/02/36930090/fraudsters-use-deepfake-tech-to-steal-25-million-in-sophisticated-corporate-scam">Hong Kong police</a>.
Furthermore, the Hong Kong Securities and Futures Commission recently warned about a <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38895127/elon-musk-deepfake-scam-used-to-promote-fraudulent-crypto-trading-platform-hong-kongs-fina">fraudulent cryptocurrency trading platform</a> called &#8220;Quantum AI,&#8221; which used deepfakes of Elon Musk to lure victims, highlighting the growing use of AI in committing fraud, particularly in Asia.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39922826/elon-musk-agrees-with-dogedesigner-funding-for-trump-supporting-super-pac-is-far-below-45m?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees with DogeDesigner: Funding For Trump-Supporting Super PAC Is &#8216;Far Below&#8217; $45M A Month So Far</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Tech

Visa Leverages AI To Prevent $40B In Fraud: How Machine Learning Is Combatting The Surge In Cybercrime And AI-Driven Scams

Chris Lehane, a leading Democratic strategist and former member of the Bill Clinton White House, is set to join the board of directors at leading cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
What Happened: Coinbase, which is the largest digital asset trading platform in the U.S., announced Thursday that Lehane, who is recognized for his significant role in technology and politics, will be joining the board.
For the curious, Lahane was a a former policy chief for Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and went on to join ChatGPT-maker OpenAI as a senior executive. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today we announce that Chris Lehane, Paul Clement, and Christa Davies are joining Coinbase's Board of Directors. They each have different political philosophies and career paths but all have arrived at the same conclusion: crypto is a powerful tool to update the system. <a href="https://t.co/bQyEtO6thl">pic.twitter.com/bQyEtO6thl</a>
&mdash; Coinbase &#x1f6e1;&#xFE0F; (@coinbase) <a href="https://twitter.com/coinbase/status/1816570153792049643?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
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His association with the cryptocurrency space is not new <a href="https://www.benzinga.com/markets/cryptocurrency/23/05/32371165/coinbase-fills-new-advisory-council-with-former-us-lawmakers">as he was also part of Coinbase's Global Advisory Council</a>, floated to help the company &#8220;navigate the complex and evolving landscape of the industry.&#8221;
Along with Nahane, Paul Clement, former U.S. solicitor general, and Christa Davies, chief financial officer for Aon PLC. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) also joined the board. Coinbase stated, &#8220;They each have different political philosophies and career paths but all have arrived at the same conclusion: cryptocurrency is a powerful tool to update the system.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39968581/could-a-bitcoin-treasury-fix-the-us-national-debt-one-trader-details-how-bitcoin-fixes-thi">Could A Bitcoin Treasury Fix The US National Debt? One Trader Details How &#8216;Bitcoin Fixes This&#8217;</a>
Why It Matters: Lehane&#8217;s appointment comes at a time when the political landscape in the U.S. has been shifting in favor of cryptocurrencies. Investment bank Citi upgraded <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39923754/bidens-exit-spurs-bullish-outlook-citi-upgrades-coinbase-amid-favorable-crypto-regulatory-">shares of Coinbase from neutral to buy</a>, anticipating an improved regulatory landscape for cryptocurrency assets. 
Experts believe the Democratic Party <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39875949/democrats-have-huge-opportunity-to-win-back-chunk-of-crypto-vote-after-bidens-exit-from-20">has a significant opportunity to win back a large portion of the cryptocurrency vote</a> in the upcoming elections with the withdrawal of President Joe Biden from the presidential race. 
Anthony Scaramucci, a former Donald Trump aide, voiced his support for presumptive Democratic presidential nominee Kamala Harris, <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39948413/trump-era-white-house-official-anthony-scaramucci-says-kamala-harris-is-capable-and-has-a-">expressing anticipation for her future policies on cryptocurrency</a>.
Price Action: Shares of Coinbase are up 1.81% in after-hours trading, after closing 5.53% lower during Thursday&#8217;s regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo by rafapress on Shutterstock
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39965409/will-barack-michelle-obama-endorse-vice-president-harris-crypto-bettors-think-yes-but-ther">Will Barack, Michelle Obama Endorse Vice President Harris? Crypto Bettors Think Yes, But There&#8217;s A Catch</a></li>
</ul>

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Clinton White House Staffer And OpenAI Executive Chris Lehane Joins Coinbase Board

CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) CEO George Kurtz has confirmed that more than 97% of the company&#8217;s Windows sensors are back online following a global outage.
What Happened: The outage was caused by a faulty software update from the cybersecurity firm, which led to a global system crash on Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Windows operating system. The incident occurred last week, affecting over 8.5 million Windows devices.
Kurtz, however, has announced that the recovery process has been significantly improved, thanks to the development of automatic recovery techniques and the mobilization of all resources to support affected customers.
&#8220;Our recovery efforts have been enhanced thanks to the development of automatic recovery techniques and by mobilizing all our resources to support our customers,&#8221; Kurtz said in a&nbsp;<a href="https://www.linkedin.com/posts/georgekurtz_falcon-content-update-remediation-and-guidance-activity-7222323091652108289-19Xv?utm_source=share&amp;utm_medium=member_desktop" target="_blank" rel="noreferrer noopener">post</a> on LinkedIn.
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39972036/nasdaq-100-falls-to-7-week-lows-marks-worst-2-day-drop-in-nearly-2-years-as-tech-rout-rages-on">Nasdaq 100 Falls To 7-Week Lows, Marks Worst 2-Day Drop In Nearly 2 Years As Tech Rout Rages On</a>
Why It Matters: The outage, which began on Jul. 19, was attributed to a flawed security update from CrowdStrike&#8217;s Falcon platform. The issue originated from the Rapid Response Content, a dynamic protection mechanism, which inadvertently caused a system crash due to an <a href="https://www.benzinga.com/news/24/07/39930356/crowdstrike-blames-error-with-test-software-for-taking-down-8-5m-windows-computers-globally-says-a-n">undetected error in the update</a>. 
CrowdStrike has since reverted the defective update and emphasized that Mac and Linux hosts remained unaffected. 
In response to the disruption, CrowdStrike offered a $10 Uber Eats gift card to its <a href="https://www.benzinga.com/markets/equities/24/07/39948973/crowdstrike-offers-10-uber-eats-gift-card-as-apology-for-its-outage-that-took-down-8-5m-windows-">partners as an apology</a>. However, some users reported issues redeeming the vouchers, which were flagged as fraud due to high usage rates. 
Interestingly, less than two months ago, Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; had praised CrowdStrike, expressing confidence in the company&#8217;s stability. However, the recent events have shown the <a href="https://www.benzinga.com/startups/24/07/39963188/to-no-ones-surprise-jim-cramer-praised-crowdstrike-less-than-two-months-ago-i-dont-think-that-domino">unpredictability of the stock market</a>, even for seasoned experts. 
The faulty update not only disrupted everyday operations but also significantly impacted <a href="https://www.benzinga.com/trading-ideas/24/07/39903295/how-a-faulty-cybersecurity-update-from-crowdstrike-unleashed-chaos-on-global-infrastructure-while-m">critical infrastructure globally</a>, including major airlines, financial institutions, and emergency services. U.S. airlines experienced groundings and over 1,500 flight cancellations. Similar issues occurred in Germany and Spain. 
Price Action: CrowdStrike&#8217;s stock closed at $254.15 on Thursday, down 1.55% for the day. In after-hours trading, the stock increased 0.30%. Year to date, the stock has risen by 2.94%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39951461/markets-are-sounding-an-alarm-peter-schiff-warns-federal-reserve-should-cut-rates-b?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Markets Are Sounding An Alarm:&#8217; Peter Schiff Warns Federal Reserve Should Cut Rates Before Recession Hits</a></li>
</ul>
Image Via Shuttestock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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CrowdStrike CEO George Kurtz Announces Over 97% Of Windows Sensors Back Online After Global Outage

Canadian medical cannabis company Aurora Cannabis Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ACB#TSX">ACB</a>) has been granted two licenses by the Federal Institute for Drugs and Medical Devices (BfArM) under Germany&#8217;s new Medical Cannabis Act (MedCanG).
The company said on Thursday the license grants it continued domestic cultivation, which has been underway for two years now.
Under the new license, the Canadian medical cannabis giant may also cultivate an approved additional product, with plans to expand its offerings to the rapidly growing German patient base.
Additionally, the company said it will also receive a dedicated R&amp;D license, allowing for the trial of up to seven additional novel cultivars at the company&#8217;s local EU GMP facility in Leuna, Germany, which has been operational since 2021.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/03/37568032/aurora-cannabis-exec-says-company-well-positioned-in-germany-will-push-for-expansion-of-medical-">Aurora Cannabis Exec Says Company Well-Positioned In Germany, Will Push For Expansion Of Medical Market</a>
&#8220;We thank the German government for its continued investment in the growth of medical cannabis, made possible by decriminalization, which will improve access to medical cannabis for patients all across Germany,&#8221; said Michael Simon, president of Aurora Europe. &#8220;Being one of the few companies to receive enhanced licenses is a testament to Aurora&#8217;s established leadership in the region and unparalleled commitment to making available the highest quality cannabis. We now have the framework to extend our portfolio, invest in domestic research and leverage Aurora&#8217;s global cultivation expertise locally.&#8221;
Germany became the third country in Europe to legalize adult-use marijuana after&nbsp;<a href="https://www.benzinga.com/markets/cannabis/21/12/24601584/maltas-parliament-says-yes-to-cannabis-legalization-becoming-first-in-europe-to-legalize-weed">Malta</a> and&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/06/33063370/another-eu-country-legalizes-weed-top-gov-official-calls-cannabis-criminalization-a-failure">Luxembourg</a>, with sales being launched this spring.
One of the key drivers of Aurora's recent growth has been its international medical cannabis sales, particularly in markets like Germany and Australia.
Moreover, with the German cannabis market projected to expand to €1.7 billion by 2025, as recently <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37896976/cannabis-stocks-set-to-dominate-germanys-new-market-a-surge-in-demand-meets-establi">highlighted</a> by Benzinga's <a href="https://www.benzinga.com/author/nicol-s-jose-rodriguez">Nicolás Jose Rodriguez</a>, the stage is set for Canadian exporters like Aurora to capture significant market share.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/04/38297284/another-cannabis-pioneer-expands-in-germany-via-acquisition-as-experts-say-theres-no-stepping-ba">Another Cannabis Pioneer Expands In Germany Via Acquisition As Experts Say &#8216;There&#8217;s No Stepping Back&#8217; From Legalization Wave</a></li>
</ul>
<h3 class="wp-block-heading">ACB Price Action</h3>
Aurora's shares traded 0.52% higher at $5.79 per share at the close on Thursday.
To learn more about cannabis stocks, come, join us at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> before prices surge by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.

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Aurora Ramps Up Medical Cannabis Production In Germany With Enhanced Licenses To Expand Portfolio

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