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02Jul2021 Market Close: SP 500 Storms To 7th Straight Record High, Longest Stretch Since August After Goldilocks Jobs Report, DOW 153 Points, Nasdaq Up 0.8%, WTI Higher 75.21, US Dollar Slides Fractionally 92.25

In our preview of todays jobs report we said it would be hot but not too hot, and thats precisely what happened when the BLS reported that Junes payrolls data was strong (850K) but not too strong (wages eased, unemployment rose). And as Bloomberg recaps in its intraday wrap, namely that "stocks climbed on speculation the economy is recovering at a pace that wont make the Federal Reserve imminently take away the liquidity punch bowl that has helped push the market to a record", we can conc...
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The Secret World of Cybersecurity

The Secret World of Cybersecurity Copy link By Joshua Eferighe and Shabtai Gold Copy link May12, 2021 Jack Nicholson was playing the Joker, the Berlin Wall was about to fall and the first internet providers were emerging. It was 1989, and while plenty was happening on the world stage, it was also the year of the first recorded ransomware attack, which occurred when evolutionary biologist Joseph Popp mailed out 20,000 tainted floppy disks to a list that included medical professionals and organiz...
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Source: ozy.com

Bitcoin Crashes after Accident in Xinjiang, China Halts Mining Operation

Key Takeaways A gas explosion and flooding at a Chinese coal mine has halted Bitcoin mining operation in Xinjiang, China. The networks total hashrate dropped by 64 Eh/s as central authorities conducts safety inspections. Bitcoins price also felt the pressure from the decline in mining power, dropping 4.3% from todays opening price. Share this article Bitcoin’s hashrate dropped 25% from all-time highs after an accident in the Xinjiang region’s mining industry caused flooding and a gas expl...
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