Alibaba S Redmart Suffers Data Breach Over 1M Accounts Compromised

After the Friday breach, an unidentified individual has come forward to claim they have the breached database. The database allegedly entails customer personal information like mailing addresses, encrypted passwords, and partial credit card numbers. Notably, Lazada representatives have not confirmed the total number of accounts compromised. The database accessed illegally According to Lazada, the ‘Redmart-only database’ was accessed illegally. The database was hosted on a third-party service provider and Lazada acknowledged that it was last updated in March 2019 a period when Redmart accounts were formally integrated into the Lazada system....

December 12, 2022 · 2 min · 334 words · Adaline Cason

Allianceblock Partners With Artbanx To Tokenize Physical Artwork In Web3

Interestingly, AllianceBlock, a platform that creates decentralized and trustless gateways across Traditional Finance (TradFi) and Decentralized Finance (DeFi), announced on January 20 a collaboration with ARTBANX, a customizable and secure collection management solution for collectors, art experts, and financial institutions. The art market’s expansion with a blockchain-based marketplace is made possible by ARTBANX’s collection management, market data, and finance infrastructure. Meanwhile, AllianceBlock will enable the tokenization of physical artworks and support an art market using Nexera Protocol’s infrastructure and NexeraID’s identity management software....

December 12, 2022 · 2 min · 320 words · Marcus Hampton

Amazon To Hike Prime Prices In Europe What Does This Mean For Amzn Stock

The announcement comes several months after the firm raised fees for U.S. customers, with the goal of counteracting the operating costs, Reuters reported on July 26. However, the increases will not be the same across markets; for Germany, the hike will be 30%, for France, Spain, and Italy it will be 43%, while the UK will be 20%. These increases will be effective on September 15, when members join or renew their memberships....

December 12, 2022 · 2 min · 282 words · Darrel Tucker

Apple Stock Forecast Analysts Project An 8 Upside For Aapl Finbold

AAPL is now trading near its 52-week high, which is a positive indication. The S&P 500 Index, on the other hand, is also at new highs, so the performance is in line with the market. Indeed, AAPL has been trading in a narrow range between $141.67 and $149.83 in the last month. Notably, the business is trading above its 20, 50, and 200-day simple moving averages, typically utilized by stock investors as uptrend indications....

December 12, 2022 · 2 min · 409 words · Jan Wade

Binance Invests 200 Million In Forbes Looking To Expand Web3 Content

The investment will be used to assist the 104-year old magazine and digital publisher to complete its planned merger with a publicly listed special purpose acquisition company (SPAC), in the first quarter of this year, according to a CNBC report on February 10, citing persons familiar with the matter. Amid a general decline in the stock market, investors have become warier about SPAC and media deals in particular. Forbes stated in August that $400 million in pledges from institutional investors will be replaced by half by Binance, according to individuals familiar with the matter who asked not to be named because the deal is not yet finalized....

December 12, 2022 · 2 min · 326 words · Nathan Jacobs

Bitcoin Buying Interest Fades As Investors Wait For A Potential Bottom

However, as of September 14, amid the short-term price correction, investor interest in buying Bitcoin remained low in comparison to when the value of the asset was rising, data from Santiment’s behavior analysis indicates. In particular, the total social volume analyzed stands at 94,862, with the terms’ buy’ or ‘buying’ or ‘bought’ accounting for only 5.06% at 4,799. Implication of reduced buying interest The latest trend appears to be different from the historical trajectory where investors buy Bitcoin when the price falls....

December 12, 2022 · 2 min · 287 words · Matthew Smith

Bitcoin Extends Longest Rally Since 2020 Pandemic More Btc Upside Ahead

Bitcoin, Ethereum (ETH), and other cryptocurrencies have all rallied recently with optimism about cooling inflation, slower Fed hikes aiding mood, and CPI inflation data coming in lower once again. In doing so, Bitcoin extended its longest winning streak (8 days) since the 2020 Pandemic days. Senior market analyst Jim Wykoff suggested that there is still more upside in the near term as “bulls have upside technical momentum amid a fledgling price uptrend in place on the daily bar chart....

December 12, 2022 · 2 min · 288 words · Christopher Phegley

Bitcoin S Decline Is Bad For The S P 500 Says Mobius Capital Co Founder Here S Why

Discussing the current situation, Mark Mobius told CNBC’s daily news podcast on June 14 that there was a strong correlation between the activities of Bitcoin and the S&P 500. As he explained: Asked by the host to explain this psychological impact and whether it’s truly the cryptocurrencies that are driving the action, Mobius said: Crypto versus stocks In early May, the correlation of Bitcoin with the S&P 500 reached a new all-time high, and continued to climb, resulting in actions of one being followed by similar actions by the other....

December 12, 2022 · 1 min · 205 words · Jennifer Sauer

Bitcoin S Momentum Will See An Ugly End Investment Adviser Suggests

Speaking during the Squawk Box show on CNBC, Issacs acknowledged that despite bitcoin’s ability to decentralize the financial sector, the regulatory threat and environmental impact pose a great risk to the asset’s future growth. His sentiments come after bitcoin plunged over the weekend in the wake of reports U.S. regulators plan to take action on institutions using the asset to launder money. Issacs noted that the development is a hint of what to expect....

December 12, 2022 · 2 min · 228 words · Paul Curtis

Bitcoin Wipes 15 Billion From Market Cap In 10 Mins As U S Inflation Data Runs Hot

Indeed, news that inflation in the United States exceeded 9.1%, the highest level since November 1981, according to the new CPI report for June, only caused a further downward trend in Bitcoin and the cryptocurrency market. Currently, Bitcoin is trading at $19,180, down 3.45% on the day and a further 4.70% in the last week, with a total market worth of $366 billion, according to CoinMarketCap data. Notably, the flagship digital asset lost $15 billion from its market capitalization in the space of around ten mins as it fell from $379....

December 12, 2022 · 2 min · 349 words · Ora Reinoso

Bnp Paribas Targeted By Short Sellers As Another European Bank Feels The Heat

Short sellers make a profit when stocks fall by borrowing shares to sell them immediately at the market price, with a plan to repurchase them when the price drops, thus, pocketing the difference. Namely, the data shows that currently, there is $1.68 billion worth of bets against BNP Paribas (EPA: BNP), or 3.66% of the volume traded, making it the most shorted European banking stock. BNP chart and analysis BNP is an average performer in the banking industry, outperforming 48% of 25 stocks in the same industry....

December 12, 2022 · 2 min · 301 words · Gloria Rodrigues

Boeing Ceo Warns Of Sales Losses From U S China Trade Tension Finbold

Speaking during the U.S. Chamber of Commerce Aviation Summit, Calhoun said the trade impasse would give Boeing’s competitors like Airbus room to dominate the Chinese market. Boeing and Airbus each sell almost a quarter of their aircraft to China which is the world’s largest domestic travel market China yet to clear Boeing 737 Max The impact of the trade war can be seen in the handling of the Boeing 737 Max that was grounded globally due to safety issues....

December 12, 2022 · 2 min · 310 words · Rosalia Lhuillier

Cardano Adds Almost 100 000 Wallets To Its Network In A Month As Erc 20 Converter Launch Nears

After reaching the milestone of 3 million total ADA wallet holders in 2022, the cryptocurrency ended up adding over 450,000 wallets to its network in Q1, 2022, around 5,000 daily. Notably, in the last month, Cardano has added almost 100,000 wallets to its network as the number just continues to rise. Indeed, on March 17 ADA had 3,159,444 wallets, adding a total of 93,630 between April 17 when the number stood at 3,253,074, according to the statistics from Cardano Blockchain Insights....

December 12, 2022 · 2 min · 263 words · Susan Murphy

Chainlink Link Soars Over 6 In 24 Hours Amid Bear Market Here S Why

Indeed, LINK is changing hands at the price of $8.78, gaining 6.48% in the last 24 hours. The token is also recording a weekly increase of 13.16%, as well as on its monthly chart, where it notched an increase of 16.12%, as per data retrieved on November 8. With its most recent daily growth, Chainlink has made it to the top of the 24-hour gainers list among the top 100 cryptocurrencies by market capitalization, according to the latest CoinMarketCap data....

December 12, 2022 · 2 min · 325 words · Jane Simmons

Charles Hoskinson On The Cardano Blip Here S What Happened

Specifically, on the evening between January 21 and 22 (between blocks 8300569 and 8300570), the Cardano blockchain experienced a brief “anomaly” that temporarily affected a portion of its nodes, causing them to disconnect and restart, the Cardano team said in its Community Digest on January 23. What happened? In a video streamed on January 23, Hoskinson explained that the network stalled for about two minutes: Although he acknowledged that it was difficult to narrow down the exact triggering event for this particular issue, Hoskinson said that “we know where the error was called in the program” and “what part of the code was impacted,” reiterating that it doesn’t seem to be reproducible....

December 12, 2022 · 2 min · 327 words · Melanie Robey

Cme Group Removed Chief Economist S Pro Bitcoin Video Finbold

According to Putnam, Bitcoin is an exciting concept that deserves further study and a lot of experience. In the video, Putnam called for a balance to be discovered, then bitcoin can become a dependable portfolio diversification solution for many investors. Though Putnam was cautious over the Bitcoin stand, he noted that if the crypto does not relate to such factors and assets, it can serve as a dependable portfolio diversification tool....

December 12, 2022 · 2 min · 218 words · Melissa Word

Countries Considering Bitcoin Adoption Tied To Corruption Economist Steve Hanke Suggests

Through his Twitter account, Hanke stated that, like El Salvador, five other Latin American countries planning to declare Bitcoin as legal tender have corruption issues. He noted that the five countries, Argentina, Brazil, Panama, Mexico, and Paraguay, rank extremely poorly in the corruption index. Since El Salvador opted to declare Bitcoin a currency, Hanke has criticized the move stating that it is a form of economic stupidity. Following El Salvador’s move, key public officials from the highlighted countries lauded the move....

December 12, 2022 · 1 min · 207 words · Nakita Lasley

Crude Oil May Rise But Risks Steep Reversion And Enduring Lows Warns Commodities Strategist

In particular, Brent Crude futures were up $3.13, or 2.7% at $118.61 a barrel while prices reached a low of $114.45. Senior commodity strategist at Bloomberg, Mike McGlone, got in on the action tweeting: No analysis from Mr. McGlone would be complete without the inclusion of Bloomberg’s powerful charting software. The chart he attached shows monthly Crude Oil futures compared to the Federal Reserve Rate Hikes Expectancy in 1 year, clearly demonstrating a worrying trend....

December 12, 2022 · 2 min · 268 words · Harvey Bailey

Crypto App Downloads Fall 55 As Bear Market Vibes Hit The Market

Although cash advance apps have grown 69% year-over-year (YoY), more than other fintech sectors, the performance of crypto and retail investing apps was trending downward. Indeed, cryptocurrency trading and crypto wallet app downloads fell 55% YoY through Q3, according to data from Apptopia published on September 19. The report notes that: With money limited for plenty of people and the day-to-day costs increasing. It has also been claimed that individuals use “buy now, pay later” options for grocery shopping....

December 12, 2022 · 2 min · 237 words · Beatrice Garroutte

Crypto Com Continues To Add Almost 500 New Holders Daily Despite Recent Hack Finbold

The number of new holders of CRO, the native token of Crypto.com, has continued to see a steady rise in the last month, even after the platform was recently hacked on January 17. Nevertheless, a total of 482 new addresses carrying the digital asset CRO were added daily in the last month, from January 16, when there were 200,466 unique addresses holding the digital asset CRO, to February 14, when there were 214,950 holding Crypto....

December 12, 2022 · 2 min · 293 words · Michael Ferguson