Markets

Three experts explain how a hacker stole over $600 million of tokens from Axie Infinity’s Ronin Network last month.  They attributed the attack to human error and social engineering rather than any fault in the blockchain technology.  “If consumers aren’t protected from things like this, the industry is going to fail.” Loading Something is loading.… Continue reading A hacker just stole over $600 million in crypto. Experts explain the historic swindle — and why cyberattacks shouldn’t discourage adoption of digital assets.

Three experts explain how a hacker stole over $600 million of tokens from Axie Infinity’s Ronin Network last month.  They attributed the attack to human error and social engineering rather than any fault in the blockchain technology.  “If consumers aren’t protected from things like this, the industry is going to fail.” Loading Something is loading.… Continue reading A hacker just stole over $600 million in crypto. Experts explain the historic swindle — and why cyberattacks shouldn’t discourage adoption of digital assets

Steve Antonioni saved $90,000 in four years, enough to quit his job and pursue YouTube. He took a temporary pay cut but says he now earns more from YouTube than he did from his 9-to-5. He maintains a simple lifestyle, which allows him to save and invest the majority of his income.  Steve Antonioni has… Continue reading A 28-year-old YouTuber who says he saves over 50% of his income living in Toronto explains the savings and investing strategies he’s using to achieve financial independence by 35

The US releasing oil from its emergency reserve will help stabilize prices this year, JPMorgan says.  Even if the US unlocks less than its target of 1 million barrels of oil a day, it would still help balance the market and steady oil prices.  But a bigger-than-anticipated loss in Russian oil supplies could leave a… Continue reading The US decision to release 180 million barrels of oil will help offset the loss of Russian supply and keep prices steady, JPMorgan says

Russia’s biggest bank got permission to issue a digital currency just weeks after the invasion of Ukraine. Sberbank launched sbercoin as Western sanctions hampered Russia’s access to the global financial system. The US and its allies are concerned about Russian use of crypto to circumvent sanctions. Loading Something is loading. Since Russia began its war… Continue reading Russia’s biggest bank has been cut out of the global financial markets — and now it’s launched a cryptocurrency.

US stocks finished higher Friday in a volatile session as April and second-quarter trading began.  Jobs gains for March and February’s upwardly revised report reinforced expectations for the Fed to deliver big interest-rate hikes this year.  The 2-year yield charged up 13 basis points to an intraday high of 2.469% and overtook the 10-year yield… Continue reading US stocks rally as the solid March jobs report points to the Fed staying aggressive with rate hikes

Goldman Sachs has said the US dollar faces a number of risks, and could become a lesser currency like the UK pound. The US’ tough sanctions on Russia have raised concerns that countries around the world could try to move away from the dollar. Goldman said the US’ foreign debts mean that foreign investors may… Continue reading Goldman Sachs warns the dollar is at risk of losing its dominance, and could end up a lesser player like the UK pound

Bored Ape Yacht Club’s official Discord channel was briefly compromised, the company tweeted Friday.  A phishing attack infiltrated the Discord group and tried to bait users into minting fake Bored Ape NFTs. Other collections the attacker targeted with the phishing tool included Doodles, Shamanzs, and Nyoki.  Loading Something is loading. Bored Ape Yacht Club warned… Continue reading Bored Ape Yacht Club told users not to mint any NFTs after its Discord was hacked briefly