Thursday, August 6

Day: 11 July 2020

Hacker stole 336 BTC from Crypto exchange Cashaa
Crypto News

Hacker stole 336 BTC from Crypto exchange Cashaa

U.K. based cryptocurrency exchange Cashaa reported hackers took more than 336 Bitcoin. The company has stopped all the crypto-related transactions, however, prima facia users are not affected by this hack.  In a media brief shared with Cointelegraph, Kumar Gaurav, CEO of Cashaa said that one of their wallets was compromised and more than 336 Bitcoin was sent to the hacker. He also suspects that hacker is from east Delhi, India. The company has filed a cybercrime incident report to the Delhi crime bureau with acknowledgment number 20807200031555 under the cryptocurrency crime category.  Cashaa suspects malware was installed onto the computer used to make exchange transfers like user withdrawals. The malware notified the hacker when an employee logged into the account at 1:23 pm ...
Urban Edge Offers Strong Value
Stock News

Urban Edge Offers Strong Value

Image source REITs of just about all types have struggled in the current climate. Property values have declined in some cases, many tenants are struggling to pay rent, and the outlook isn’t all that great. However, in a lot of cases, the market has overreacted, in my view, and that has created some opportunities with cheap stocks. One such example is Urban Edge Properties (UE), an urban market-focused REIT that owns 78 properties totaling ~15 million square feet. Urban Edge has seen its share price nearly cut in half from pre-crisis highs, and despite the suspended dividend and deteriorated earnings outlook for this year, I think it offers investors value and the potential for a strong yield on today’s cost. Supply-limited markets create opportunity Urban Edge is much like any other rea...
Pandemic leads 7-Eleven to forgo free Slurpees on 7-11 – NBC News
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Pandemic leads 7-Eleven to forgo free Slurpees on 7-11 – NBC News

The coronavirus pandemic has taken away another summertime tradition in the U.S.: There will be no free Slurpees at 7-Elevens on Saturday — July 11 — to hail a date that doubles as an abbreviation of the convenience store chain’s name. 7-Eleven has been giving away its slushy beverage to all customers for nearly 20 years on July 11, but it scrapped the promotion this summer to reduce the risk of people flocking to its stores and risking contracting the coronavirus.The decision comes as the economy continues to struggle with efforts to reopen hampered by soaring cases across the country. The U.S. saw another record day for new cases Friday, surpassing 70,000 for the first time according to an NBC News tally. “Gathering nine million of our closest friends in stores on one day just didn’t fe...
MCX starts mock trading to include zero, negative prices
Stock News

MCX starts mock trading to include zero, negative prices

MUMBAI: Multi Commodity Exchange of India on Saturday launched mock trading on a new version of software to accommodate zero and negative prices of commodities derivatives contracts on its platform. The new trading software will go online from July 20, bringing the bourse at par with global exchanges, as CME Group has already adopted this standard in April, MCX said in a statement. There was a need for change in software after the crude oil prices on NYMEX, the platform owned by the CME Group, sunk to first zero and then in negative territory on expiry of the contract on April 19. This has severely hit Indian traders as they could not close their long (buying) positions due to COVID-19-led early closure of domestic markets at 1700 IST instead of normal closing of 23.30 IST, MCX said. ...
PNB Housing Fin to seek shareholders’ nod to raise up to Rs 45,000 cr
Stock News

PNB Housing Fin to seek shareholders’ nod to raise up to Rs 45,000 cr

NEW DELHI: PNB Housing Finance said it will seek shareholders' approval next month to raise up to Rs 45,000 crore through debt securities. The company's annual general meeting is scheduled to take place on August 5, 2020. Shareholders are being requested to authorise the board of directors to offer, from time to time, the subscription of redeemable, secured/unsecured non-convertible debentures (NCDs) aggregating up to Rs 45,000 crore in one or more tranches, PNB Housing Finance said in a regulatory filing. The housing finance company may issue the bonds through private placement or by way of public issue. As on March 31, 2020, bonds/non-convertible debentures constitute significant portion of the total borrowings of the company, it said. Borrowings through these instruments facilitat...
Why Gilead Sciences’ Successful COVID-19 Results Fell Flat – Motley Fool
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Why Gilead Sciences’ Successful COVID-19 Results Fell Flat – Motley Fool

Shares of Gilead Sciences (NASDAQ:GILD) rose by just over 2% Friday after the company publicized a report that used a controversial method of analysis to suggest that its experimental antiviral drug, remdesivir, greatly improves patients' chances of surviving a case of COVID-19. During the single-arm Simple trial, severe COVID-19 patients treated with remdesivir in addition to standard of care had a 62% reduction in their risk of death compared to severe COVID-19 patients given standard of care alone.  Does this comparison between two different populations mean remdesivir is on its way to becoming a blockbuster COVID-19 treatment? Unfortunately, this update raises more efficacy questions about the drug than it answers. Image source: Getty Images. Important finding? Gilead Sciences...
South Korea Brings Blockchain to Healthcare, but That’s Just the Start
Crypto News

South Korea Brings Blockchain to Healthcare, but That’s Just the Start

The government of South Korea is trying its best to adopt blockchain technology in various industries. The country’s central bank is reviewing the use of a central bank digital currency, and various government ministries want to adopt decentralized identification features within their current systems. Hospitals, pharmaceutical companies and research centers are also looking at blockchain solutions. Everyone knows that blockchain can help the medical industry, but at the same time, applying a new blockchain service structure to traditional industries is not so quick and simple. Lots of testing needs to be done before it can be to be applied in people’s daily lives. The South Korean government is encouraging blockchain technology and conducting several proof-of-concept projects to find a pr...
Billionaire Musk’s net worth zooms past Warren Buffett’s – Bloomberg News – Reuters
Stock News

Billionaire Musk’s net worth zooms past Warren Buffett’s – Bloomberg News – Reuters

FILE PHOTO: SpaceX founder and chief engineer Elon Musk speaks at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Joe Skipper (Reuters) - Elon Musk’s net worth soared past Warren Buffett on Friday as the chief executive officer of Tesla Inc (TSLA.O) became the seventh richest person in the world, according to the Bloomberg Billionaires Index. Musk’s fortune rose by $6.07 billion on Friday, Bloomberg News said, following a 10.8% jump in the electric carmaker’s stock. Buffett’s net worth dropped earlier this week when he donated $2.9 billion in Berkshire Hathaway (BRKa.N) stock to charity, the report added. Tesla’s shares have surged 500% ove...
Why Consider A Dividend Growth ETF Strategy In Today’s Market
Stock News

Why Consider A Dividend Growth ETF Strategy In Today’s Market

Exchange-traded fund investors should look to companies with a history of growing dividend payouts as their ability to endure in challenging markets may make dividend growth strategies advantageous in today's environment. In the recent webcast, The Dividend Growth Advantage: Strategies for Today's Markets, Craig Lazzara, Managing Director, Global Head of Index Investment Strategy, S&P Dow Jones Indices, pointed out that since 1936, reinvested dividends have contributed 38% of the total equity return of the S&P 500. "Sustainable dividend income has been an important factor in total equity returns," Lazzara said. Simeon Hyman, Global Investment Strategist, ProShares, also pointed out that dividend-growing companies are also high quality names. He pointed out that a company's credit ...