Bitcoin-Gold Correlation Hits Record High as Institutions Buy Crypto
The bitcoin-gold correlation has hit record levels, according to data from The Daily Shot, CoinMetrics, and skew.The correlation is being driven by economic and stock market turbulence, with institutional investors increasingly treating bitcoin as a haven hedge against inflation.Correspondence between gold and bitcoin prices will last for as long as the global economy continues to…
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Tesco blackmail trial: Farmer bought presents ‘after spiking’ jars
Image copyright Hertfordshire Constabulary Image caption Nigel Wright was caught on CCTV at Tesco in Lockerbie A farmer accused of trying to blackmail Tesco over contaminated baby food bought his wife presents after planting a jar on a store shelf, a court heard.Nigel Wright, 45, from Lincolnshire, laced the jars with metal shards in a…
Uber ex-security boss accused of covering up hack attack
Image copyright Reuters Uber’s former chief security officer Joseph Sullivan has been charged with obstruction of justice in the US.The 52-year-old is accused of trying to cover up a data breach in 2016 that exposed the details of 57 million Uber drivers and passengers.The company has previously admitted to paying a group of hackers a…
US ‘foils’ militant cryptocurrency fundraising
Image copyright Reuters Image caption Despite its territorial losses, IS used cryptocurrencies to raise funds The US government says it has thwarted attempts by militant groups to raise funds using digital currency, or cryptocurrency.The campaigns involved Hamas’ military wing, the al-Qassam brigades, al-Qaeda and the Islamic State group (IS).US officials said about $2m (£1.5m) in…
11,000 Nasdaq Could Be Just the Beginning as Market Mania Rages
The Nasdaq Composite has gained 22% year-to-date on the back of surging technology plays. The Nasdaq’s biotech component is also surging amid vaccine optimism. Wall Street analysts have identified several Nasdaq-100 stocks with significant upside potential. Combined, they could take the index to new record highs. The technology sector’s epic bull run of 2020 is…
Farmer claims death threats over contaminated baby food plot
Image copyright Julia Quenzler Image caption Mr Wright said travellers had threatened to kill him and his family A farmer accused of trying to blackmail Tesco after spiking baby food was coerced by travellers who threatened to kill him, a jury heard. Nigel Wright, 45, from Lincolnshire, laced the jars with metal shards in a…
Dow Futures Runs 8-Day Streak But Analysts Fear an ‘Everything Crash’
Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to…
Nigel Wright claimed supermarket baby food contaminated Old Bailey hears
Image copyright Julia Quenzler Image caption Mr Wright claimed to be part of a group of disgruntled dairy farmers who had been underpaid by Tesco, the Old Bailey heard Two mothers came close to feeding their babies food laced with metal fragments after a sheep farmer tried to blackmail Tesco, a court heard. They found…
Missing Cryptoqueen: Why did the FCA drop its warning about the OneCoin scam?
Image caption Dr Ruja Ignatova has been charged with wire fraud, security fraud and money laundering, by the US authorities In June 2016, Dr Ruja Ignatova told an audience of thousands at Wembley Arena that her new cryptocurrency, OneCoin, was a “Bitcoin killer” and would make early investors rich. Many in the crowd had already…
Apple co-founder sues YouTube over Bitcoin scam
Image copyright Getty Images Image caption Steve Wozniak questions whether YouTube’s algorithms are dealing with scams Apple co-founder Steve Wozniak is suing YouTube for allegedly allowing scammers to use images and videos of him to defraud people.The scam, similar to one used in a Twitter hack, requested people send cryptocurrency, falsely promising they would receive…
Twitter hack: Florida teenager arrested
Image caption Elon Musk, Kim Kardashian and Barack Obama are among victims of the hack A man living in Bognor Regis – on the UK south coast – is one of three individuals charged over a major Twitter hack, according to the US Department of Justice.Californian authorities filed felony charges against Mason Sheppard, 19. The…
Here’s Why You Need to Dump Your Kodak Stock Immediately
Kodak stock has soared over 1,000% over the last two days after announcing a pivot towards manufacturing drugs. The company received a $765 million loan from the government to help bring back drug sourcing to the United States. This situation looks like a pump and dump, and investors should be cautious. Near-bankrupt film stock Eastman…
Twitter hack: Staff tricked by phone spear-phishing scam
Image copyright Reuters The unprecedented hacking of celebrity Twitter accounts this month was caused by human error and a spear-phishing attack on Twitter employees, the company has confirmed.Spear-phishing is a targeted attack designed to trick people into handing out information such as passwords.Twitter said its staff were targeted through their phones.The successful attempt let attackers…
The Dow Is Climbing Because the ‘Everything Bubble’ Is Back
The Dow is well on its way to another positive session. Stocks aren’t the only asset class rallying. Gold just hit a new record, while silver has more than doubled since March. Is this the “everything bubble” contrarian analysts have been warning us about? A strong rally from Apple stock led the Dow Jones Industrial…
Coronavirus holiday quiz: Do you know the rules about travelling abroad?
Test your knowledge of the government advice in the UK for foreign holidays. What information do we collect from this quiz? Privacy notice. More about the new summer rulesWhere can I go on holiday? A guide to foreign destinations Where can I go on holiday in the UK? How do coronavirus bubbles work and who…
