Telefonica Partners Chainlink For Security Against SIM Swap ScamTelefónica ( BME:TEF ), a global telecommunications company, has partnered with Chainlink Labs, a prominent player in the blockchain space. This partnership aims to leverage Chainlink Functions, recognized as a top-tier Web3 connectivity solution. By integrating Telco capabilities into the blockchain industry, Telefónica ( BME:TEF ) and Chainlink are addressing the growing need for secure and reliable data transmission within decentralized networks. Chainlink Functions serve as a critical element in this collaboration, facilitating the seamless connection between blockchain-based smart contracts and real-world data sources.
These oracles play a pivotal role in ensuring the accuracy and integrity of data used in automated decision-making processes within the Web3 space. In essence, Telefónica’s ( BME:TEF ) partnership with Chainlink signifies a significant advancement in the integration of telecommunications infrastructure with blockchain technology. This integration not only enhances the functionality of decentralized applications but also reinforces the security measures essential for the widespread adoption of Web3 solutions.
GSMA Open Gateway Initiative and Recent Security Breach
The GSMA Open Gateway initiative introduces standardized Telco APIs aimed at bridging the gap between telecommunications and the Web3 ecosystem. These APIs, developed under the guidance of the GSMA, provide a platform for integrating pioneering Telco capabilities into decentralized networks. One of the primary objectives of the initiative is to address various challenges within the Web3 space, such as fraud prevention and secure account creation, by leveraging the robust infrastructure of telecommunications networks.
Recently, the U.S. Securities and Exchange Commission (SEC) fell victim to a security breach attributed to a SIM swap attack. This breach occurred when unauthorized entities gained control of the SEC’s official account on a social media handle, leading to the dissemination of false information regarding the approval of bitcoin exchange-traded funds. This incident underscores the pressing need for heightened security measures within the Web3 ecosystem to mitigate the risks posed by such attacks.
Enhancing Security with GSMA Open Gateway SIM SWAP API & Chainlink
The integration between the GSMA Open Gateway SIM SWAP API and Chainlink Functions marks a Pivotal milestone in bolstering security measures within the Web3 ecosystem. This collaboration allows for the seamless connection between telecommunications infrastructure and blockchain technology, enhancing the overall security and reliability of decentralized networks.
Beyond transaction security, this integration offers broader security benefits for Web3 applications and decentralized finance (DeFi) services. By leveraging the GSMA Open Gateway API via Chainlink, developers can enhance two-factor authentication (2FA) mechanisms and implement more robust fraud detection protocols. This comprehensive approach to security not only safeguards against SIM swap attacks but also strengthens overall security measures within the Web3 ecosystem, promoting trust and reliability among users and stakeholders alike.
Telefonica
CAN BIT2ME GO TO 1$?hello guys i hope you are well.
in recentry news Telefonica new adquisition is BIT2ME.
telefonica is one of the greates comunications company around the globe, and its new adquisition of a spanish crypto company make me believe that Bit2Me will reach 1$ soon or this year..
why? because Telefonica as i said, never make mistakes.
we are in a resintance zone now and if surprice it , next eyes in 0.04$
'Calling' on bids!I definitely like how the bulls defended that 4.72-78 zone for the past 2 weeks. It tells me they are preparing to take this stock up. The favourable earnings results could be the catalyst. I will get in at the break of 5 and target 6 with sl at 4.55 for a 1:2.2 risk to reward ratio. Caution should be taken at the 5.5 zone where the trade could end prematurely, so at that zone any sign of retardation I will exit.
Risk management crucial!
Telefonica: The perfect choice for a DIVIDEND strategyHere at Human Traders, we've been following Telefonica closely. Its fundamentals look better than ever. They reduced its debt from €56Bn in 2011 to €25bn in 2021. Alvaro Pallete, CEO of Telefonica has done an incredible job in term of debt reduction and company management. The dividend is also very interesting. We bought Telefonica when the dividend yield was more than 12%. Still the dividend yield now is more than 6%, one of the bests in Spain, a country where almost every company offers attractive dividend yields. In terms of competition, the telecommunication sector has always been fierce, but Telefonica remains as the main company in the sector in Spain and strong presence in LATAM. With Movistar+, they follow the same strategy plan as AT&T with streaming services.
Regarding technical analysis, you can clearly see the downtrend of the last 15 years has been really strong, but we believe this time there could be a breakout of the main resistance level. It will take some time, but with this high-dividend yield, we can wait as long as we need. If you follow a dividend strategy, we recommend to have this one in your portfolio. For those who follow performance only, wait for the breakout of the resistance level to enter, o enter on the bottom area of the last channel. As you can see there was an important bullish divergence last year, and we don't expect the stock price to fall below that area, unless there is another market crisis like the one we saw back in March 2020. There is also the possibility of a rally in the telecommunication sector, one the most smashed sectors in the last 15 years, but interestingly, it's one of the most important ones in society.
Accumulating Telefonica $TEFGood evening friends,
I've started accumulating Telefonica ( NYSE:TEF ). If you haven't heard about this Telecommunication giant you should. Telefonica has subscribers in Europe and Latin American. Overall they have 360M customers and over 120K employees. The company has been in business for over 95 years, founded back in 1924 in Madrid.
Stock Analysis
The stock has reached 52-week low
Earnings per share are reasonably stable
Margin of Safety looks good to me
The last time we had this stock price was around 2002
Earnings Analysis
Earning Yield is approximately between 7% and 9%
Last year earnings higher than average EPS
Dividend payout per share = 67% of EPS
Financials
2018 Operating Profit higher than the previous 4 years
Long-term debt to Capital ratio stable
Good luck. Please share your thoughts and comments. If you like the stock I'd like to hear about that you like about this company.
That's all for now.
TelefonicaTelefonica, S.A. is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company's services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company's operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay). These segments are engaged in activities relating to wireline, wireless, cable, data, Internet and television (TV) businesses and other digital services in accordance with each location. It offers a range of mobile and related services and products to personal and business customers. It offers traditional fixed telecommunication services, Internet and broadband multimedia services and data and business-solutions services. It offers a range of digital services, such as Internet of Things (IoT).