After exploiting a vulnerability in the Seneca protocol on Wednesday, a hacker returned $5.3 million in stolen funds to the project on February 29. The returned amount represents 80% of the reported $6.4 million stolen funds. The hacker agreed to accept a 20% bounty, amounting to $1.28 million, as recognition for identifying the vulnerability within...
In a new development for the emerging U.S. cryptocurrency regulation landscape, the Chamber of Digital Commerce has voiced its backing for Kraken amid the exchange’s ongoing legal battle with the SEC. This support was conveyed in February 27 court filing, as Kraken continues to counter allegations from the SEC that it operated unlawfully. According to...
The newly launched IOTA Ecosystem Foundation is committing $10 million to early-stage startups focused on tokenized trading for real-world assets (RWAs). The specific startups receiving funding will be revealed in the coming weeks, though the initial investment will focus on companies in the United Arab Emirates (UAE) and Africa, according to a February 29 press...
Indian shares ended a choppy session higher on Thursday as signs of softening inflation in Spain, France and six economically important German states fueled debate on when the European Central Bank would cut interest rates. The upside remained capped somewhat ahead of the release of the U.S. personal consumption expenditures (PCE) price index, the Fed\'s...
The euro strengthened against other major currencies in the European session on Thursday. The euro rose to a 1-week high of 0.8571 against the pound and a 2-day high of 1.0855 against the U.S. dollar, from early low of 0.8552 and 1.0826, respectively. The euro edged up to 0.9542 against the Swiss franc, from an...
The euro strengthened against other major currencies in the European session on Thursday, as European stocks traded slightly higher after data showed Spanish inflation cooled sharply in February. Also, French inflation eased to its weakest level since September 2021, fueling debate on when the European Central Bank would cut interest rates. German inflation figures and...
ACI Worldwide, Inc. (ACIW) reported Thursday that net income for the fourth quarter increased to $122.62 million or $1.12 per share from $90.23 million or $0.81 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter were $1.27 per share, compared to $1.00 per share in the year-ago quarter. On average,...
Healthcare services company Tenet Healthcare Corp. (THC) announced Thursday it entered into a definitive agreement with Adventist Health for the sale of two Tenet hospitals and related operations in San Luis Obispo County. Tenet also announced its Conifer Health Solutions subsidiary will enter into an agreement to provide revenue cycle services for Adventist Health. Conifer...
While reporting financial results for the fourth quarter on Thursday, electronics retailer Best Buy Co., Inc. (BBY) initiated its adjusted earnings, revenue and comparable sales guidance for the full-year 2025. For fiscal 2025, the company now projects adjusted earnings in a range of $5.75 to $6.20 per share on revenues between $41.3 billion and $42.6...
The Canadian market is modestly higher Thursday morning, with investors reacting to the nation\'s GDP data and earnings updates, in addition to tracking the crucial inflation reading from the U.S. Energy, materials and utilities shares are among the prominent gainers. A few stocks from healthcare, real estate and technology sectors are also notably higher. The...