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
Hm losing money 2018
Online Casinos in Australia for Real Money: Best Real Money Australian Casinos Online
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
3 Ways to Improve Your Cybersecurity in 2018
By Shawn Freeman, founder of Calgary-based TWT Group. 2017 was a rough year for cybersecurity . Major companies like Equifax and Yahoo were in the news for massive and preventable data breaches , while high-profile ransomware like WannaCry threatened to cripple a variety of organizations, most notably in the healthcare industry. Unfortunately, 2017 is hardly an anomaly. I've seen firsthand how even the tiniest crack in a company's defenses can wreak considerable havoc. Hackers are becoming smarter: They find out what people are doing to protect against their attacks and develop ways to get around it. Still, most of the biggest data breaches could have been (and can be) prevented. Knowing what we now know about cyberattacks and given our experience in 2017, any organizational breach in 2018 could quickly become unforgivable by the public. And if companies in every industry don't start taking security seriously, this past year will be considered mild compared with … [Read more...] about 3 Ways to Improve Your Cybersecurity in 2018
Wealthy Chinese are losing their favourite escape route to Europe
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
Republicans confront unexpected online money slowdown
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
Star witness in Guan Eng trial denies only reason he paid Gnanaraja was to avoid money laundering charge
Lim is accused of using his position as Penang chief minister to solicit a 10% cut of the Penang undersea tunnel project's profit from Zarul Ahmad, in return for securing the project for Zarul Ahmad's company. (Photo by Zahid Izzani Mohd Said/The Edge) - A + A KUALA LUMPUR (Aug 8): The star witness in the Lim Guan Eng undersea tunnel graft trial on Monday (Aug 8) denied that the only reason he paid former businessman G Gnanaraja RM19 million was to avoid being charged with money laundering. During cross-examination by Lim's lead counsel Gobind Singh Deo, Consortium Zenith Construction Sdn Bhd senior director Datuk Zarul Ahmad Mohd Zulkifli disagreed with the lawyer that was the reason he paid Gnanaraja. “That is not the only reason,” Zarul Ahmad, the 23rd prosecution witness, replied. When pressured further by Gobind over this, Zarul Ahmad stood his ground and disagreed again. Gobind: Gnanaraja had threatened you with Anti-Money Laundering Act (AMLA) … [Read more...] about Star witness in Guan Eng trial denies only reason he paid Gnanaraja was to avoid money laundering charge
Guan Eng trial: Zarul denies sole reason he paid Gnanaraja RM19m was to avoid money laundering charges
Lim is accused of using his position as Penang chief minister to solicit a 10% cut from the Penang undersea tunnel project's profit from Zarul Ahmad, in return for securing the project for Zarul Ahmad's company. (Photo by Zahid Izzani Mohd Said/The Edge) - A + A KUALA LUMPUR (Aug 8): The star witness in the Lim Guan Eng undersea tunnel graft trial testified on Monday (Aug 8) that avoiding being charged with money laundering was not the only reason he paid former businessman G Gnanaraja RM19 million. During cross-examination by Lim's lead counsel Gobind Singh Deo, Consortium Zenith Construction Sdn Bhd senior director Datuk Zarul Ahmad Mohd Zulkifli disagreed with the lawyer that that was the sole reason he paid Gnanaraja. “That is not the only reason,” Zarul Ahmad, the 23rd prosecution witness, replied. Zarul Ahmad stood his ground when pressed further by Gobind on the matter. Gobind: Gnanaraja had threatened you with Anti-Money Laundering Act (AMLA) … [Read more...] about Guan Eng trial: Zarul denies sole reason he paid Gnanaraja RM19m was to avoid money laundering charges
How To Identify The Right Source Of Investment For Your Startup
Share to Twitter Share to Linkedin Vice Chairman of Red Hook Capital family of funds such as KenetiK Capital LLC for leverage buyout and RHC 21 for co-investing in funds. The number one priority for most entrepreneurs and early-stage startup founders is finding a way to fund their business idea. Identifying and securing investment dollars is the make or break stage for most startups, and working with the right investor is critical to success. Once your business plan is buttoned up and you’re ready to meet with potential investors to pitch your idea, it’s time to identify the best type of investor. There are several different investment buckets with different risk levels associated with each. Make sure you’re working with the right level of investor—someone who has the correct level of institutional knowledge—or risk losing time and money. To help navigate the investment scene for early stage startups, I break the many investor types into different … [Read more...] about How To Identify The Right Source Of Investment For Your Startup
Could Carbon Markets Become Larger Than Oil And Gas?
Share to Twitter Share to Linkedin Director and CIO of cKers Finance, and co-founder of global sustainability advisory firm cKinetics. Carbon markets today are estimated to be worth over $100 billion and are expected to grow in the coming years. This potential spike in value could lead to a great opportunity for both the environment and investors. Has a new gold rush started? Let’s take a closer look. Carbon Is A Way To Put Value On A Scarce Resource: Air Imagine that our Earth was the size of an apple. Our atmosphere would be similar to the skin of the apple. That is how small our atmosphere is. The atmosphere stretches a mere 6.2 miles after which it rapidly loses its air density. So far, we have deemed air to be an endless resource, but that is clearly not the case. Carbon markets are a way to put a price on the real estate that exists above our heads. Combatting Climate Change By Bringing Carbon Markets To The Forefront … [Read more...] about Could Carbon Markets Become Larger Than Oil And Gas?
Why the Future of Crypto Is Entirely Up to Apple
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