New Zealand Police See ‘Challenges’ in ‘Complex’ Cryptopia Hack Investigation

New Zealand Police See ‘Challenges’ in ‘Complex’ Cryptopia Hack Investigation

Image from Shutterstock Police authorities in New Zealand have admitted the Cryptotopia hack case is no small task, citing complex challenges in tracing the accused. Crypto Attackers have the Cops on Trail An official release on January 16 has confirmed investigations are ongoing at Cryptopia’s headquarters in Christchurch. Authorities acknowledge the company’s full coordination in…

Pirate Bay-Targeting Malware Hijacks Websites to Steal Cryptocurrency

Pirate Bay-Targeting Malware Hijacks Websites to Steal Cryptocurrency

Downloading movies from The Pirate Bay could potentially expose users to cryptocurrency theft and phishing on an unprecedented scale. Security researcher 0xffff0800 was the first to raise the alarm on January 11 when he detailed his experience of downloading ‘The Girl In The Spider’s Web’ from TPB only to be confronted with a .LNK shortcut containing…

China Injects Record $83 Billion to Counter Economic Decline

China Injects Record $83 Billion to Counter Economic Decline

China’s economy is facing some of its toughest challenges in years. On Wednesday, a day after several Chinese government institutions vowed further stimulus to aid its financial sector, the People’s Bank Of China injected a net $83 billion (560 billion yuan) into open market operations via reverse repo operations — to counter its declining economy.…

Bitcoin Interview: Edge Wallet’s Paul Puey on the Future of Money

Bitcoin Interview: Edge Wallet’s Paul Puey on the Future of Money

Bitcoin, the future of money? Image Shutterstock. CCN had a chance to speak with Paul Puey, founder of Edge Wallet and veteran crypto entrepreneur. Edge Wallet was previously called Airbitz. In the early days of crypto, Airbitz was a Bitcoin-only wallet that featured a directory of brick and mortar businesses which accepted Bitcoin. It was…

Kashkari: Federal Reserve Doesn’t Need to Protect Investors

Kashkari: Federal Reserve Doesn’t Need to Protect Investors

Neel Kashkari defended the Federal Reserve from Donald Trump’s attacks, stating that the bank isn’t supposed to protect investors. | Source: Flickr/ProPublica Another Federal Reserve president has spoken out on interest rates. Neel Kashkari says there is no need for interest rate hikes right now but that the US Federal Reserve does not exist to…

United Airlines: We’re Not Hurting from Government Shutdown [Yet]

United Airlines: We’re Not Hurting from Government Shutdown [Yet]

United Airlines says it’s not hurting from the government shutdown — at least not yet, anyway. | Source: Shutterstock United Airlines CEO Oscar Munoz says the partial US government shutdown has not had a significant financial impact yet, but warns that this could change dramatically if the furlough drags on much longer. “There is some…

Dow Jones Gets Huge Boost: Goldman Sachs Soars 9%

Dow Jones Gets Huge Boost: Goldman Sachs Soars 9%

Dow Jones Gets a Boost on Bank Earnings. Image Shutterstock. The Dow Jones Industrial Average received a huge boost today as Goldman Sachs reported higher than expected earnings for the fourth quarter of 2018. Goldman Sachs delivered adjusted earnings per share (EPS) of $6.05 against analyst’s predictions of $4.53. Its revenue hit $8.08 billion exceeding…

Trump Slump? Government Shutdown & Trade War Leave Markets on Edge

Trump Slump? Government Shutdown & Trade War Leave Markets on Edge

Donald Trump has a central role in both the government shutdown and the controversial US-China trade war. | Source: AP Photo/ Evan Vucci The federal government shutdown showdown of 2019 between Capitol Hill Democrats and President Donald Trump keeps setting records as it enters into its 26th day. The previous longest federal shutdown in U.S.…