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New York (CNN Business) Heists continue to plague the crypto world, with news of large sums stolen from digital currency firms seemingly every month. But while crypto exchanges were once the main point of attack, hackers now appear to have a new target: blockchain bridges. Bridges are the infrastructure that allow users to exchange assets between different blockchains, the digital database underpinning major cryptocurrencies. When a bridge service swaps one coin for another, it "wraps" the currency so that it will function on the other blockchain. A wrapped coin does not become another currency altogether -- "it just looks like it," Tom Robinson, chief scientist at blockchain analysis firm Elliptic, told CNN Business. Instead, a "token" is issued to represent the new coin on the different blockchain. "I deposit my Bitcoin in the bridge. In return for doing that, I receive a Bitcoin token on the Ethereum blockchain, and then I can transfer that Bitcoin token, which is what is … [Read more...] about Another crypto bridge attack: Nomad loses $190 million in ‘chaotic’ hack

The best real money online casinos in Australia should have all the top games, the most generous bonuses, and a sterling reputation. But with so many sites to choose from, how can you be sure the real money Australian casino you choose is up to scratch? Well, we’re here to help: These AU casino sites host thousands of immersive games (including the latest online pokies!) and promote generous bonuses that get you started on the right foot. You’ll also get to enjoy hassle-free payouts if you win real money thanks to their variety of banking options. Ricky Casino was our #1 pick overall, but we’ve got more casinos ready to compete for the throne. Sounds good? Let’s go. Top Real Money Online Casinos in Australia Ricky Casino: Best overall Hellspin: Best game variety Las Atlantis: Top pick for mobile Cloudbet: Best for sports betting Casino Rocket: Best bonuses 1. Ricky Casino – No. 1 Real Money Online Casino in Australia Overall Pros 3,000+ online … [Read more...] about Online Casinos in Australia for Real Money: Best Real Money Australian Casinos Online

File image of Republican leader and former US president Donald Trump (Image: Reuters) Online fundraising has slowed across much of the Republican Party in recent months, an unusual pullback of small donors that has set off a mad rush among Republican political operatives to understand why — and reverse the sudden decline before it damages the party’s chances this fall. Small-dollar donations typically increase as an election nears. But just the opposite has happened in recent months across a wide range of Republican entities, including every major party committee and former President Donald Trump’s political operation. The total amount donated online fell more than 12% across all federal Republican campaigns and committees in the second quarter compared with the first quarter, according to an analysis of federal records from WinRed, the main online Republican donation-processing portal. More alarming for Republicans: Democratic contributions surged at the same time. Total … [Read more...] about Republicans confront unexpected online money slowdown

A view of Praca do Comercio in Lisbon, Portugal, May 11, 2021. - A + A NEW YORK/LISBOA (Aug 3): For wealthy Chinese looking to flee stifling pandemic lockdowns and political tensions, Portugal has a lot to offer. Mild weather, a laid-back and affordable lifestyle and investor visas that allow access to the whole European Union — all for as little as 350,000 euros. It’s a pitch that’s lured thousands of Chinese over the past decade, helping to reshape Portugal’s urban landscape as part of a tide of new money that reached US$1 billion annually at its peak in 2014. Eight years on, that wave is drying up. It’s not for lack of demand. Quite the contrary: more wealthy Chinese are attempting to leave — or at least prepare a backup plan — as the country’s Covid-Zero policy has dented economic growth. Investment migration consultancy Henley & Partners estimates 10,000 high-net-worth residents are seeking to pull US$48 billion from China this year. In the past, some … [Read more...] about Wealthy Chinese are losing their favourite escape route to Europe

Apple isn't exactly known for taking risks. Even when it launches something new, it's usually after a lot of careful consideration. It's almost never first to a new market, preferring instead to take its time watching everyone else try and figure it out . That's understandable--as the world's most valuable company , it has a lot to lose. Also, there's the fact that it owes its $2.5 trillion market cap to the fact everything it makes is built on the promise of being simple and secure. Apple, after all, is the it-just-works company . Of course, when it does get involved, it usually ends up on top . That's why it's so interesting to think about Apple and crypto. To most people, crypto is either a weird hobby that your computer-savvy friend is into but no one else understands, or it's a scam (or some degree of both). It has to do with mining or buying strangely named digital "coins," and hoping the value goes up enough that lots of other people buy them, making the … [Read more...] about Why the Future of Crypto Is Entirely Up to Apple

It's been a tough few weeks for Meta , the parent company of Facebook, Instagram, and WhatsApp. The company announced its first-ever drop in quarterly revenue on the same day the FTC announced it was suing to block the company's attempt to purchase Within, maker of the popular Supernatural VR app. Before that, CEO Mark Zuckerberg faced criticism for telling employees that some of them should probably quit. Then, the company announced that starting Monday, it is raising the price of the Quest 2 by $100. It's still the same VR headset, with the same hardware and software. If you bought one last week, it will function exactly the same as it does now that it costs more. Nothing else has changed. Well, to be fair, one other thing has changed. I don't think it's a coincidence that August is when Zuckerberg has said you will no longer have to log in with your Facebook account. That may not sound like a big deal, but it means Meta is losing out on all of the … [Read more...] about Mark Zuckerberg Just Raised Prices on the Quest 2. It’s How You Know the Metaverse Isn’t Coming Any Time Soon

Masayoshi Son - A + A (Aug 5): Masayoshi Son is losing a growing number of top executives at SoftBank Group Corp, putting more responsibility on the founder’s shoulders just as the outlook for the Japanese conglomerate turns increasingly ominous. Two more managing partners at the company’s Vision Fund, Yanni Pipilis and Munish Varma, are leaving, Bloomberg News reported last week, bringing the number of top level departures from the world’s largest investment fund to at least 10 since March of 2020. Rajeev Misra, the long-time head of the Vision Fund, is giving up most of his titles and responsibilities as he starts his own investment fund. Chief Operating Officer Marcelo Claure left earlier this year, while Chief Strategy Officer Katsunori Sago, who had been on SoftBank’s board with Misra and Claure, resigned in 2021. That leaves Son increasingly on his own as he plots a new course for the company he founded four decades ago. The 64-year-old is shifting focus … [Read more...] about SoftBank talent drain worsens, adding pressure on Son to deliver

Share to Twitter Share to Linkedin NBA commissioner David Stern was vilified by fans and players for his role in the lockout that erased 20% of last season. But Stern works for the owners, and it appears the commish, who is retiring in 12 months after 30 years in charge, is going out on top. Stern is worth every penny of his salary, estimated to approach $20 million. The NBA locked out its players in the hopes of constraining their salaries, boosting profitability and raising franchise values. A year later, owners should be ecstatic with the results. Gallery: The Most Valuable NBA Teams 30 images View gallery The average NBA team is worth $509 million, a 30% increase over last year. The increase is due to higher revenue from television, new and renovated arenas, and the NBA’s new collective-bargaining agreement, which reduced player costs from 57% of revenues to roughly 50%. The labor deal also increased the amount of money … [Read more...] about Billion-Dollar Knicks and Lakers Top List Of NBA’s Most Valuable Teams

Share to Twitter Share to Linkedin Gallery: 2012 NHL Team Values 30 images View gallery On the ice, the National Hockey League has never been more competitive than over the course of its last collective bargaining agreement , which began with the 2005-06 season. A different team has won the Stanley Cup each season, ranging from big-market clubs like Los Angeles and Chicago to small ones such as Pittsburgh and Raleigh . A total of 12 different teams reached the finals during the seven-year CBA. So why have the owners thus far cancelled 422 regular season games of the 2012-13 season, as well as the All-Star Game, insisting on a new CBA that drastically reduces the amount of money that can be spent on player salaries (currently 57% of hockey-related revenue)? The reason is that on the financial scoreboard, the league's 30 teams have never been farther apart. Consider the two most recent team sales. In May, Tom … [Read more...] about NHL Team Values 2012: Toronto Maple Leafs Are First Hockey Team Worth $1 Billion

Share to Twitter Share to Linkedin More workers are finding themselves out of a job (or becoming worried they might soon be) as a string of high-profile companies , mostly startups and in tech, have moved to freeze hiring or even to slash workers and rescind job offers. New unemployment claims edged up to an eight-month high last week . Initial unemployment claims increased by 7,000 to 251,000 in the week ending July 16, making the four-week moving average rise by 4,500 to 240,500, according to the Department of Labor. Those numbers are still a marked improvement from last July, when the four-week average of unemployment claims hit more than 405,000. And the actual unemployment rate in June (the last month reported) is still a rock bottom 3.6% . Still, fears of an impending recession have made nearly 80% of Americans worried about their job security, with almost a quarter of workers extremely concerned about their job security, a recent survey … [Read more...] about Worried About Layoffs? 5 Tips For Job Seekers (And Job Seekers-To-Be) In A Slowing Economy