E-Business
Oracle Empowers Cloud Developers
Extending its support for the developer community, Oracle has unveiled the next generation of Cloud services and development tools at JavaOne 2016, as well as a range of developer-focused initiatives.
By giving developers a choice of programming languages, databases, compute types, operating systems and virtual machines, integrated development environments (IDEs) and tools, Oracle provides developers with the choice and flexibility needed to quickly and easily build modern applications in the Cloud.
As Cloud deployment becomes the norm for enterprise workloads, developers need to build applications using microservices, APIs, containers, DevOps processes and platform capabilities that support analytics, integration, mobility and the Internet of Things (IoT).
Oracle has enhanced its development tools and Cloud services, and introduced other new initiatives in order to give developers friction-free, instant and immersive access to the latest technologies in the Cloud.
At JavaOne 2016 in San Francisco, Oracle showcased major enhancements to the Java Platform and the introduction of MySQL, the world’s most popular Open Source database, to the Oracle Cloud Platform.
In addition, Oracle shared details on new Oracle Cloud Platform services that are specifically designed to support developers, and launched a new Web portal, developer.oracle.com, that provides developers with a single place to find the tools, technologies and resources needed for any development project that uses Oracle technology.
Extended Commitment to the Java Platform
To help developers meet the demands of new cloud-based models, Oracle continues to work closely with key partners in the Java ecosystem to drive significant evolution of the Java platform.
Java Platform, Standard Edition (SE) 9 will include new capabilities as well as updates that support the latest development standards and specifications.
Project Jigsaw will help developers make applications more scalable, more secure, faster and easier to maintain, while JShell will make it easier for developers to run and test snippets of code.
Oracle continues to work closely with the OpenJDK Community to lay the groundwork for Java SE 9. More than 500 companies, organizations and individuals now contribute to the OpenJDK project and well over seven million lines of code have been developed.
Java Enterprise Edition (EE) future versions will support delivering an enhanced model for reactive programming that helps developers build large-scale distributed systems, which are built asynchronously, are loosely coupled and are event based.
In addition, future releases will include multitenancy in Cloud environments and improved security, including support for new authentication models such as OAuth and OpenID Connect.
Support for multitenancy in Cloud environments will also be part of the proposal, and a new configuration model supporting Docker and other container technologies will be introduced.
“We welcome the announcement of Java EE 8 for the Cloud and microservices,” said Mitsuharu Nagayama, senior director of big data solutions and services of Hitachi. “Hitachi contributes to society through the Social Innovation Business. Cloud and microservices that activate IT assets are very useful to enable the realization of this. We are anticipating the continuous evolution of Java EE to provide these benefits.”
“The move to Cloud has become a powerful trend among Fujitsu’s customers,” said Hideki Nozaki, vice president of application management middleware division at Fujitsu Limited. “With this major update to Java EE 8 focused on cloud and microservices, Fujitsu looks forward to providing its customers an update to its Java EE compatible Interstage application server, thereby simplifying their shift to the Cloud. We continue to work with the Java community to develop technologies that benefit society.”
“We welcome Oracle’s effort to leverage enhancements for cloud computing to Java EE 8,” said Nobuhiko Kishinoue, general manager of the cloud platform division at NEC Corporation. “NEC has successfully provided a Java EE compatible application server, WebOTX, providing mission critical web application infrastructure to Japan and other markets for more than 18 years. Recent movement to cloud computing including container and microservice technologies has a strong impact on enterprise systems. Oracle’s new proposal enables us to help our customers transition to the cloud seamlessly, while preserving their existing investments in Java EE.”
New Data Management Capabilities in the Cloud
Helping developers innovate and carry out digital transformation initiatives, Oracle launched Oracle MySQL Cloud Service.
Built on the proven MySQL Enterprise Edition and powered by the Oracle Cloud, Oracle MySQL Cloud Service provides a simple, automated, integrated and enterprise-ready cloud service that enables organizations to securely and cost-effectively develop and deploy MySQL-based applications globally at scale.
The launch of Oracle MySQL Cloud Service brings the world’s most popular open source database to the Oracle Cloud Platform and extends the complete suite of cloud services that Oracle provides to help organizations rapidly build and deploy rich applications. Developers and Independent Software Vendors (ISVs) can rely on the most comprehensive MySQL offering in the cloud, with advanced features, tools and support to accelerate the time to market of their new modern applications.
In addition, Oracle is introducing Oracle NoSQL Database Cloud Service and Oracle Exadata Express Cloud Service. Oracle NoSQL Cloud Service provides a high performance, key-value database supporting JSON, Java, Node.js and Python developers for transactional and Big Data applications. Oracle Exadata Express Cloud Service provides low cost, fully managed access to Oracle Exadata.
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.
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.
Corporate Affairs Commission (CAC) has inaugurated the pilot take-off of its new Artificial Intelligence (AI)-powered 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.
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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