Slovakian cybersecurity firm ESET and the Dutch police uncovered a major crypto theft linked to the notorious Ebury botnet last week. The botnet has compromised over 400,000 servers in the past 15 years, making it a major threat to the sector. ESET explained in a May 14 report that the Ebury botnet incident was first...
Bitcoin (BTC) has dipped below $70,000, falling to around $69,229 after reaching an intra-day low of $69,939. This decline is due to reduced investor demand amid uncertainty about a potential September Fed rate hike. Additionally, recent ETF flow data shows mixed sentiments, with a significant drop in net inflows to $15.7 million. Investors are cautious,...
U.S. prosecutors are pushing for a 5 – 7 year sentence for former FTX executive Ryan Salame on charges stemming from his time at Sam Bankman-Fried’s (SBF) doomed crypto exchange, according to a sentencing memorandum filed late Tuesday. Salame, who previously requested a maximum sentence of 18 months in prison, pled guilty to a campaign...
European stocks pared early gains and ended on a mixed note on Thursday as investors continued to assess the likely moves of central banks with regard to interest rates in the wake of recent economic data, and the minutes of the Federal Reserve\'s latest monetary policy meeting released on Wednesday. The minutes of the Federal...
Speculations regarding Bybit’s potential hack or insolvency sparked concerns within the crypto community, prompting CEO Ben Zhou personally to step in to refute these claims on May 23. Amid a flurry of social media rumors questioning Bybit’s solvency and security, Zhou, one of the prominent cryptocurrency exchanges, provided reassurance about the exchange’s financial stability and...
Consumer confidence in the euro area strengthened in May to its highest level since early 2022, while wage growth figures lent support to the view that the European Central Bank is set to stop policy easing with the expected interest rate cut in June. The flash consumer confidence index rose for the fourth month in...
The Switzerland market ended slightly up on Thursday after spending much of the day\'s session fairly well above the flat line. Investors assessed the latest batch of European economic data, reacted to earnings and other corporate updates. The benchmark SMI, which advanced to 12,016.03 around mid afternoon, ended with a small gain of 8.08 points...
The Canadian market is down firmly in negative territory Thursday afternoon, with stocks from across several sectors reeling under sustained selling pressure, amid concerns the U.S. interest rates will remain higher for a longer time. The benchmark S&P/TSX Composite Index was up 175.75 points or 0.79% at 22,171.01 a little while ago. Materials, utilities, healthcare...
The U.S. dollar gained against its major counterparts on Thursday, extending recent uptrend, amid continued bets the Federal Reserve will keep interest rates higher for a few more months. In addition to the minutes of the central bank\'s most recent monetary policy meeting, today\'s data showing a bigger than expected drop in jobless claims, and...
The Canadian market ended weak on Thursday, extending losses from the previous session, as weak metal prices and uncertainty about U.S. interest rate outlook rendered the mood cautious. The benchmark S&P/TSX Composite Index, which tumbled to 22,134.74 intraday, ended with a loss of 145.97 points or 0.65% at 22,200.79, the lowest close since May 3....