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E-Business

Oracle Database In-Memory Powers the Real-Time Enterprise

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Adebayo Sanni, Country Manager, Oracle, Nigeri
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In today’s fast-paced, hyper-connected, and mobile/social world, businesses demand instantaneous information and responsiveness. In this environment, businesses must be able to move as fast as their customers, be they B2B or B2C, to deliver the experience those customers demand.

For years, technology companies have been talking about the “real-time” enterprise. And for years, that’s all those vendors delivered—talk—because they didn’t have the necessary range of world-class technologies to deliver on the real-time promise.

But today, Oracle is changing that paradigm, because only Oracle can bring together for customers optimized in-memory capabilities across applications, middleware, databases, and systems. Oracle Database In-Memory transparently extends the power of Oracle Database 12c to enable organizations to discover business insights in real-time while simultaneously increasing transactional performance. With Oracle Database In-Memory, users can get immediate answers to business questions that previously took hours to obtain and are able to deliver a faster, better experience to both their internal and external constituents.

Oracle Database In-Memory delivers leading-edge in-memory performance without the need to restrict functionality or accept compromises, complexity and risk.

Deploying Oracle Database In-Memory with virtually any existing Oracle Database-compatible application is as easy as flipping a switch–no application changes are required.

It is fully integrated with Oracle Database’s renowned scale-up, scale-out, storage tiering, availability and security technologies making it the most industrial-strength offering in the industry.

At a special event at Oracle’s headquarters, CEO Larry Ellison described how the ability to combine real-time data analysis with sub-second transactions on existing applications enables organizations to become Real-Time Enterprises that quickly make data-driven decisions, respond instantly to customers’ demands, and continuously optimize key processes.

“As a consumer Internet pioneer and innovator, Yahoo is always at the leading edge of big data and database technology to deliver a responsive, seamless consumer experience. We joined Oracle’s beta program to understand how memory optimization could sharpen our big data processing,” said Sudhi Vijayakumar, Yahoo’s Principal Oracle Database Architect.

“Full support for Oracle Real Application Clusters’ scale-out capabilities means Oracle Database In-Memory can be used even on our largest data warehouses.”

Oracle Database In-Memory enables customers to accelerate database performance by orders of magnitude for analytics, data warehousing, and reporting while also speeding up online transaction processing (OLTP).

An innovative, dual-format in-memory architecture combines the best of row format and column format to simultaneously deliver fast analytics and efficient OLTP.

Oracle Database In-Memory allows any existing Oracle Database-compatible application to automatically and transparently take advantage of columnar in-memory processing, without additional programming or application changes.

Oracle Database In-Memory demonstrated from 100x to more than 1000x speedup for enterprise application modules in performance tests, including Oracle E-Business Suite, Oracle’s JD Edwards, Oracle’s PeopleSoft, Oracle’s Siebel, and Oracle Fusion Applications.

The ability to combine real-time data analysis with sub-second transactions on existing applications enables organizations to become Real-Time Enterprises that quickly make data-driven decisions, respond instantly to customers’ demands, and continuously optimize all key processes.

Oracle Database In-Memory has undergone extensive validation testing by hundreds of end-users, ISV partners, and Oracle Applications teams over the past nine months.

Oracle Database In-Memory is scheduled for general availability in July and can be used with all hardware platforms on which Oracle Database 12c is supported.

Oracle PartnerNetwork (OPN) is also announcing that Oracle Database 12c Ready certification will soon include Oracle Database In-Memory.

Building on years of innovations and maturity, Oracle Database In-Memory inherits all Oracle Database capabilities including:

Maximum Availability Architecture to protect against data loss and downtime

Industry leading security technologies.

Scalability to meet any requirement via scale-up on large SMP servers, scale-out across a cluster of servers, and storage-tiering, to cost effectively run databases of any size – whether petabyte-scale data warehouses, big data processing or database clouds.

Rich programmability: Java, R, Big Data, PHP Python, Node, REST, Ruby, etc.

Full data type support: relational, objects, XML, text, spatial, and new integrated JSON support.

Oracle Engineered Systems are the ideal complement to Oracle Database In-Memory:

Oracle Engineered Systems, including Oracle Exadata Database Machine and Oracle SuperCluster, are optimized for Oracle Database In-Memory, featuring large memory capacity, extreme performance, and high availability while tiering less active data to flash and disk to deliver outstanding cost effectiveness.

In-Memory fault tolerance on Oracle Engineered Systems optionally duplicates in-memory data across nodes enabling queries to instantly use a copy of in-memory data if a server fails. New Direct-to-Wire Infiniband accelerates scale-out for in-memory.

Oracle’s M6-32 Big Memory Machine is the most powerful scale-up platform for Oracle Database In-Memory providing up to 32 Terabytes of DRAM memory and 3 terabytes/sec of memory bandwidth for maximum in-memory performance.

“We are delighted that our MicroStrategy Analytics Platform is among the first third-party applications to be certified with Oracle Database In-Memory,” explained Paul Zolfaghari, President, MicroStrategy Incorporated. “Our participation in Oracle’s beta program and integration with Oracle Database In-Memory builds on our long-standing relationship with Oracle, underscoring the importance of working together to optimize our platforms to extend the advanced functionality and speed performance improvements to our joint customers.”

“Oracle is the only vendor in the industry to embrace in-memory computing from applications to middleware to database to systems, enabling businesses to maximize profitability by accelerating operations, quickly discovering new growth opportunities and making smarter, real-time decisions,” said Andrew Mendelsohn, Executive Vice President, Database Server Technologies, Oracle. “Oracle Database 12c In-Memory uniquely delivers unprecedented performance for virtually all workloads with 100 percent application transparency and no data migration. Plus all the high availability, scalability, and security that customers have come to expect from the Oracle Database are fully preserved.”

“Oracle Applications provide the foundation for our customers’ mission-critical business operations, including sales, financials, supply chain and human resources. By raising the bar on speed, Oracle Database In-Memory enables customers to compound the value of their existing applications by deriving new insights and business opportunities faster,” said Steve Miranda, Executive Vice President of Application Development, Oracle.

 


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E-Business

Global Crypto Heists Surge to $2.1Bn in H1 2025 as Digital Assets is Weaponised

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In a sobering revelation of the evolving threat landscape facing the digital asset ecosystem, blockchain intelligence firm TRM Labs has disclosed that over $2.1 billion worth of cryptocurrency was stolen in the first half of 2025 alone, spanning at least 75 high-profile hacks and exploits.

Global Crypto Heists Surge to $2.1Bn in H1 2025 as Digital Assets is Weaponised

This staggering figure marks a 10 per cent surge over the previous first-half record set in 2022 and nearly eclipses the total stolen in all of 2024.

But beyond the monetary scale, the report reveals a deeper concern: a growing trend of state-sponsored cyber aggression weaponising  crypto assets for strategic and geopolitical purposes.

The most devastating breach to date occurred in February when Dubai-based exchange Bybit lost $1.5 billion—the largest  crypto heist in history.

TRM Labs attributes the attack to North Korean state actors, noting that the incident alone accounted for nearly 70 percent of total losses during the period and doubled the average hack size to $30 million.

“The Bybit hack redefined the threat landscape,” the report stated.

“It exemplifies how digital asset theft has transcended criminal opportunism and morphed into a tool of statecraft.”

Indeed, North Korea-linked entities were responsible for an estimated $1.6 billion of the total stolen, further entrenching Pyongyang’s status as the most prolific nation-state threat actor in the crypto sphere.

Yet the menace is diversifying. On June 18, Iranian crypto exchange Nobitex was breached for over $90 million by a group reportedly linked to Israel, Gonjeshke Darande (Predatory Sparrow).

Unusually, the stolen funds were routed to unusable vanity addresses, underscoring symbolic and political motives rather than financial gain.

TRM Labs flagged this as a “disturbing shift,” with digital asset theft increasingly deployed as a weapon in asymmetric geopolitical conflict.

The report also found that more than 80 percent of losses stemmed from infrastructure breaches, including private key theft, seed phrase leaks, and front-end compromises— attacks typically ten times costlier than other vectors.

Meanwhile, DeFi exploits such as flash loan manipulations accounted for 12 percent of losses, reflecting persistent smart contract vulnerabilities despite years of scrutiny.

As digital currencies become enmeshed in global rivalries, TRM Labs warns that conventional cybersecurity approaches are now inadequate.

“Massive breaches, often tied to nation-state operations, require a new defence paradigm,” the firm asserted, urging industrywide adoption of advanced safeguards and cross-border collaboration among regulators and law enforcement.


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CAC Launches AI-powered Business Registration Portal

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Corporate Affairs Commission (CAC) has inaugurated the pilot take-off of its new Artificial Intelligence (AI)-powered registration portal.

CAC Launches AI-powered Business Registration Portal

A statement issued by the commission explained that Malam Hussaini Magaji, registrar-general of the CAC, made the announcement during the 2025 Stakeholders Forum in Port Harcourt.

According to him, “the initiative is a major milestone in Nigeria’s business facilitation drive.”

The Registrar further explained that the upgraded portal marks a complete overhaul of the Company Registration Portal (CRP), saying that it comes with advanced features designed to simplify and speed up business registration.

The new system, according to him, allows for instant name reservation approvals, likening the ease to creating an email account, and stressing that the AI-powered platform could suggest available alternatives to business names and approve them immediately.

Another innovation, he stated, is the ability to register a business using only the National Identification Number (NIN) of a director or proprietor, pointing out that there is an ambitious target of completing business registration and certificate generation within 30 minutes, subject to real-time NIN validation.


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Bitget Launches Institutional Services to Empower Fintech Innovation

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Bitget has launched its institutional services in Nigeria, offering fintech companies a robust platform to build innovative solutions on top of Bitget’s suite of institutional-grade offerings.

Gracy Chen, CEO, Bitget, in a statement said, “Our goal is to empower Nigerian businesses to innovate and leverage blockchain for wealth creation opportunities, hence, the institutional services empower fintech leaders with tailored solutions, as the offerings designed to cater for the unique operational needs of institutional clients, enabling businesses to embed trading functionalities like spot and futures markets, wallet management, and more, directly into their platforms.

“The Key services include White-label Broker Services which enabled Fintech companies to deploy customized crypto exchanges using Bitget’s infrastructure while managing branding and users independently. There is also API Solutions that can make the Developers to integrate trading functionality via APIs for spot, margin, and derivatives markets, ensuring fast execution and seamless experiences for end users.”

Chen added, “The ND Broker Model provides clients with complete autonomy over user-facing platforms, offering exclusive front-end flexibility while relying on Bitget for back-end market liquidity. Clients are able to employ Protection Fund and Proof of Reserves of over $600million secured in the Bitget Protection Fund and real-time Proof of Reserves, which gives clients assurance of maximum transparency and security.”

 


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