100K ChatGPT logins exposed to the Darkweb- cyber security firm
Concerns surrounding ChatGPT user credentials being leaked online and traded on the Darkweb are surfacing after a blog post by Singaporean cybersecurity firm Group-IB. The firm alleges that over 101K ChatGPT logins appear to have been stolen over the past year and traded over the dark web between June 2022 and May 2023.
The US Federal Reserve lied about banking system stability-Balaji Srinivasan
The US Federal Reserve is under fire again for lying about the general outlook of the US banking system to ‘assure’ investors and citizens that there are no risks. However, the data that is coming forward isn’t all merry. Observers have noticed that the authority is spending more money than previously projected to bail out financial institutions.
Rolls-Royce to set up in East Africa as demand for engines rise
Rolls-Royce is working on setting up its first office in East Africa as demand for locomotive, ship, and hydropower generation engines grows. In a conference in Nairobi, Kenya, the UK engineering firm CEO John Kelly said that the region is growing at an adorable 6.5% rate, and with a population of 174 million, it’s becoming more promising by the day.
More pain as Turkey Central Bank raises rates to 15%
On Thursday, the Central Bank of Turkey delivered another large interest rate hike to battle the overshadowing inflation rise. The move signals a shift towards more conventional economic policies to counter the sky-high inflation rates following the criticism that Tayyip Erdogan had led to higher living costs.
More pain as Eurozone stocks fall ahead of BoE rate hike decision
Eurozone has received news on the necessity for further rate hikes in a sour way making the stocks plummet as they await today’s decision from BoE. The Benchmark Stoxx 600 was down 0.92% at the open Thursday markets, with all sectors trading in the red.
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Hot Stories
Gary Gensler was allegedly rejected as Binance advisor in 2019
Per Binance lawyers, Gary Gensler had applied to be an advisor for the exchange in 2019 but was rejected. They allege that the decision by the company to go with another person could have hurt Gensler and motivated him to go after the exchange after he was given power as the Chair of SEC.
Eurozone plunges into a recession; Brits to endure more pain
Eurozone has plunged into a recession sending negative waves through the market. Brits will have to tighten their belts for tougher economic times ahead. The region has been experiencing one of the highest inflation rates this year among the strongest economies hitting over 10% and sustaining for a long time.
Polygon Labs President testifies on Web 3 and blockchain technology in Congress
Polygon Labs President Ryan Wyatt gave his testimony on the crypto industry to the committee on June 7. The meeting was held regarding a crypto regulation bill that has been presented and seeks to harmonize the efforts toward crypto regulation in the country.
Robinhood to delist crypto assets deemed as securities
Robinhood has returned to the drawing board to try and minimize its chances of picking legal fights with the U.S. SEC. The exchange seeks to delist several crypto assets the regulator sees as securities to avoid defending themselves in court and incurring extra costs.
Atomic Wallet losses $35 million in a crypto hack
Atomic Wallet was hacked last week losing upwards of $35 million. Now, North Korea seems to have been caught in another crypto hacking controversy as experts believe that it could be the perpetrator.
Another crypto lawsuit: SEC goes after Coinbase
U.S. SEC has filed a crypto lawsuit against Coinbase Exchange less than a day after suing Binance. U.S. The new lawsuit comes as a climax of the tension that has been there between the regulator and Coinbase for the past several months.