Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid

 By CCN Markets: The Dow and broader U.S. stock market headed for a soft landing Wednesday after another batch of disappointing inflation figures pointed to a slowing domestic economy. Dow, S&P 500 Slide for Second Consecutive Day All of Wall Street’s major indexes swung lower on Wednesday, continuing a disappointing end to the previous session […]

Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid

 By CCN Markets: The Dow and broader U.S. stock market headed for a soft landing Wednesday after another batch of disappointing inflation figures pointed to a slowing domestic economy. Dow, S&P 500 Slide for Second Consecutive Day All of Wall Street’s major indexes swung lower on Wednesday, continuing a disappointing end to the previous session […]

US Stock Market Looks Terrifyingly Weak If You Remove These 6 Super Stocks

By CCN.com: After a decade-long bull market and 2019’s record-breaking start to the year, global stocks are close to all-time highs. But if you look beneath the surface, there’s a scary trend lurking. The entire surge relies on just six stocks: Facebook, Amazon, Apple, Netflix, Google, and Microsoft. Remove these tech stocks and the global […]

How a Hacker Has Been Stealing Millions Worth of ETH by Guessing Weak Private Keys

Earlier this week, United States-based security consulting firm Independent Security Evaluators (ISE) published a report on private keys for the Ethereum blockchain. Despite establishing around 700 weak private keys that are being regularly used by multiple people, the researchers found a “blockchain bandit” who has managed to collect almost 45,000 ether (ETH) by successfully guessing […]

Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs

On April 23, the security consulting firm Independent Security Evaluators (ISE) published a document concerning a number of unsound public and private key pairs tied to the Ethereum blockchain. The probability of chance needed to crack 256-bit encryption would take years for hackers to access random private keys. However, ISE recently queried 49,060 ETH transactions […]

Yelp’s Bitcoin Filter Could Kickstart Weak Crypto Adoption

By CCN: As bitcoin’s price experienced a surge this week, it seems merchants and consumers are more interested in crypto than ever. Local-search company Yelp has joined the pact by reportedly adding a filter to help users find merchants that accept cryptocurrency. No matter if you’re looking for a burger bar, dog groomer, or any […]

Ether Thief Found Stealing Funds With Weak Private Keys

An unknown entity has been taking advantage of weak private keys to gather up tens of thousands of ETH, according to a new study. The study — “Ethercombing: Finding Secrets in Popular Places” — was undertaken by Independent Security Evaluators (ISE), a security consulting firm, and published Tuesday. The company’s findings were also covered in […]

‘Blockchain Bandit’ Has Stolen 45,000 ETH by Guessing Weak Private Keys, Report Claims

A “blockchain bandit” has managed to amass almost 45,000 ether (ETH) by successfully guessing weak private keys, according to a report released by Independent Security Evaluators on April 23. Adrian Bednarek, a senior security analyst, said he discovered the sophisticated hacker by accident. While guessing a private key is meant to be a statistical improbability, he managed to […]

Dow Finishes Strong Even as Weak Economic Growth Roils Stock Market

By CCN.com: The Dow and broader U.S. stock market pulled ahead Thursday afternoon, but not before a series of volatile swings threatened to unwind three months of runaway growth. A weakening domestic economy and turmoil on the U.S.-China trade front were the main factors weighing on investors’ sentiment. Dow Ends on a High Note; S&P […]

Dow Careens Sideways as Weak Economic Growth Roils Stock Market

By CCN.com: The Dow and broader U.S. stock market pulled ahead Thursday afternoon, but not before a series of volatile swings threatened to unwind three months of runaway growth. A weakening domestic economy and turmoil on the U.S.-China trade front were the main factors weighing on investors’ sentiment. Dow Tries – and Fails – to […]