Streetbeat News

Security

ADAUSD

ETHUSD

Ethereum co-founder Vitalik Buterin has expressed concerns about staking a large portion of his ETH holdings due to security reasons. He mentioned the difficulty in setting up multi-signature wallets for staking. In response, Cardano creator Charles Hoskinson criticized Buterin's stance, stating that all of Cardano's ADA is staked. Buterin also highlighted the EigenLayer protocol, which allows Ethereum validators to re-stake their assets onto emerging networks.

Portfolio Pulse from Bibhu Pattnaik

July 02, 2023 | 8:16 pm

SPCE

Japan is considering purchasing Starlink satellite systems from SpaceX to enhance its communication capabilities amid rising tensions over Taiwan. The Starlink system has been a critical communication system for the Ukrainian military and could provide a similar advantage in a potential conflict over Taiwan. This comes as Chinese President Xi Jinping intensifies military pressure on Taiwan.

Portfolio Pulse from Benzinga Newsbot

July 01, 2023 | 3:20 am

CSCO

HPE

MSFT

TSM

VMW

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) has confirmed a data breach following a ransomware attack by the LockBit gang, who are demanding a $70 million ransom. The breach occurred at one of TSMC's IT hardware suppliers, Kinmax Technology, which lists Hewlett Packard Enterprise Co, Cisco Systems, Inc, Microsoft Corp, Citrix, and Vmware, Inc as its partners. This comes amidst reports of 'Anonymous Sudan', a hacktivist group, causing outages at Microsoft for months.

Portfolio Pulse from Anusuya Lahiri

June 30, 2023 | 5:26 pm

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) has announced that one of its IT hardware suppliers has recently experienced a cybersecurity incident.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:20 pm

TSM

Taiwan Semiconductor Manufacturing Co. (TSMC) confirmed a data leak following a cyberattack on one of its IT hardware suppliers, Kinmax. The LockBit ransomware gang claimed responsibility for the attack and demanded a $70 million ransom. The leaked information pertains to server initial setup and configuration, but TSMC stated that its business operations and customer information were not affected. The incident is currently under investigation.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:06 pm

BTCUSD

ETHUSD

LUNAUSD

USTUSD

South Korea has enacted the Virtual Asset User Protection Act, a legislation aimed at reinforcing protection for investors in digital assets. The law provides a framework for digital assets, prescribes punitive measures for offenses such as insider trading, and empowers the Bank of Korea to conduct investigations into cryptocurrency platforms. It applies to digital currencies like Bitcoin and Ether, while existing securities laws will continue to govern tokens considered securities. The move follows the collapse of cryptocurrencies developed by South Korean Do Kwon, which contributed to a global $2 trillion cryptocurrency market downturn.

Portfolio Pulse from Murtuza Merchant

June 30, 2023 | 1:27 pm

NVEI

Nuvei Corporation (NVEI) has announced a commercial partnership with CNBS Software, a provider of eCommerce and accounts receivable solutions for enterprises running SAP ERP. The collaboration aims to enhance payment processing capabilities for businesses using SAP ECC and S4 systems. CNBS will benefit from Nuvei's advanced payment solution, including card acquiring and ACH online bank transfers, and its experience in servicing ERP payment customers. The partnership will also provide CNBS with a wide range of payment methods and enhanced data security and fraud prevention.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:03 pm

SPY

VGK

Ukrainian President Zelenskiy has ordered top military commanders to strengthen the country's northern military direction following an aborted mutiny by the Wagner group in Russia.

Portfolio Pulse from Charles Gross

June 30, 2023 | 11:43 am

GD

The U.S. State Department has approved potential ammunition and logistics support deals worth up to $440 million for Taiwan. The principal contractors for these deals will be Alliant Techsystems Operations and General Dynamics (NYSE:GD). This comes as China intensifies pressure on Taiwan, with Xi Jinping's forces sending military aircraft and warships near Taiwan.

Portfolio Pulse from Navdeep Yadav

June 30, 2023 | 11:35 am

FG

F&G Annuities & Life was recently informed that PBI Research Services, a third-party vendor, was impacted by a security incident. The incident is related to the data of approximately 873,000 F&G policyholders and customers.

Portfolio Pulse from Charles Gross

June 30, 2023 | 11:15 am