Day: July 15, 2020

Prominent Twitter accounts hijacked in crypto scam; Elon Musk and Warren Buffett among victims
Stock News

Prominent Twitter accounts hijacked in crypto scam; Elon Musk and Warren Buffett among victims

Hackers compromised dozens of high-profile Twitter Inc. accounts late Wednesday in an attempted cryptocurrency heist, and the site appeared to be spending the afternoon taking them down. One of the first suspect tweets came from the Twitter account of Tesla Inc. TSLA, +1.92% Chief Executive Elon Musk, who is known for his often-colorful tweets. It read: “Feeling greatful [sic], doubling all payments sent to my BTC address! You send $1,000, I send back $2,000! Only doing this for the next 30 minutes.” The tweet, one of many from Musk’s account that were rendered inactive soon after being posted, listed a link to a bitcoin BTCUSD, -0.00% account. From there, the list of compromised accounts grew into a veritable Who’s Who on Twitter. The company put out a statement, saying “We are in...
Cryptos: Bitcoin prices unfazed as major Twitter hijacking ripples through social media and digital currency community
Stock News

Cryptos: Bitcoin prices unfazed as major Twitter hijacking ripples through social media and digital currency community

Bitcoin prices on Wednesday evening were virtually unchanged, even as unknown hackers were perpetuating a massive scam to lure bitcoins away from owners. Scammers were engaged in a sprawling hack that compromised the Twitter Inc. TWTR, +3.75% accounts of a parade of high-profile individuals and entities, including Tesla Inc.’s TSLA, +1.92% CEO Elon Musk and Berkshire Hathaway BRK.A, +0.26% BRK.B, +0.44% billionaire Warren Buffett. Hackers used the accounts to solicit bitcoins from individuals by promising to double the amount sent to a bitcoin wallet address. Former President Barack Obama’s Twitter account also was hacking, underscoring the breadth and sophistication of the hacking (see an attached screenshot of the tweet). Bitcoin BTCUSD, -0.00%, however, was seeing little in the w...
Galera Phase 2 Trial, And Other News: The Good, Bad And Ugly Of Biopharma
Stock News

Galera Phase 2 Trial, And Other News: The Good, Bad And Ugly Of Biopharma

Galera Therapeutics Advances Mid Stage Clinical Trial of GC4419 Galera Therapeutics Inc. (GRTX) reported that it has completed the process of patient enrollment for its Phase 1b/2a clinical trial of avasopasem manganese or GC4419. The drug candidate is being assessed for safety and anti-cancer efficacy when used in combination with stereotactic body radiation therapy in patients suffering from locally advanced pancreatic cancer. Phase 1b/2a trial is a randomized study which will focus on determining progression-free survival and overall response rate of the drug candidate. It will also evaluate the safety and tolerability of GC4419 to determine the recommended dose of the drug candidate. Mel Sorensen, M.D., President and CEO of Galera said, "This pilot trial is the first to evaluate the a...
Forex Trading in Iraq • Forex Strategies
Forex News

Forex Trading in Iraq • Forex Strategies

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. Thanks to international forex brokers steadily expanding into Iraq, it’s now possible for Iraqi citizens and travelers to get involved in the forex market. Though trading forex is still a relatively new concept in most parts of Iraq, it’s never been easier to learn more about trading online. Our guide will help you learn more about how you can begin trading forex in Iraq, how to open a brokerage account and will introduce you to a few beginner trading strategies. Get Started with Forex in Iraq Getting started trading forex begins with opening a brokerage account. Here are the basic steps you’ll go through when you open your account. Step 1: Find a device conne...
Currencies of Lebanon, Iran and Syria are in freefall with inflation surging, IIF says – The National
Currencies

Currencies of Lebanon, Iran and Syria are in freefall with inflation surging, IIF says – The National

The currencies of Lebanon, Iran and Syria have hit record lows, with spreads between official and black-market rates widening and inflation increasing due to decades of mismanagement, corruption and sanctions, the Institute of International Finance said. Lebanon faces its worst financial crisis since independence in 1943, and its economy has deteriorated after talks with the International Monetary Fund stalled, the institute said in a report this week. The country asked the fund for a $10 billion (Dh36.7bn) rescue package in May. “Two months of negotiations between the authorities and the IMF to secure financial support have made no significant progress due to the reluctance of vested interest groups in the government and parliament to implement the urgent fiscal and structural reforms,...
In trading results, Wall Street’s big banks find some relief from tumultuous Q2 – S&P Global
Commodities

In trading results, Wall Street’s big banks find some relief from tumultuous Q2 – S&P Global

For Wall Street's biggest banks, 2020 is shaping up to be a heyday for trading. JPMorgan Chase & Co., Citigroup Inc. and Goldman Sachs Group Inc. all saw double-digit spikes in trading revenues during the second quarter as financial markets around the world reacted to the continued fallout from the COVID-19 pandemic. "Trading revenues benefit from uncertainty and high volatility," Stephen Biggar, director of financial institutions research at Argus Research, said in an interview. "A whole slate of asset classes went for a wild ride in the second quarter." In the U.S. equity market, for instance, the Cboe Volatility Index, a widely used gauge of implied volatility based on the S&P 500, had an average daily closing value of 34.49 in the second quarter. That was the highest quarterly...
New Grayscale Report: Digital Assets Fund Adds $905M in Record Quarter
Crypto News

New Grayscale Report: Digital Assets Fund Adds $905M in Record Quarter

Grayscale Investments has just released its quarterly report which shows that institutional demand for Bitcoin and other digital assets is still on the rise despite the lack of action from Bitcoin price (BTC). The report shows that Grayscale had yet another record quarter for its digital asset products with $905.8 million dollars invested over that time period. The nearly $1 billion inflow means Grayscale almost doubled its previous high of $503.7 in the first quarter of 2020. Out of the total amount of funds accrued by Grayscale, Bitcoin continued to lead the pack with 82.92% or $751.1 million invested in Grayscale Bitcoin Trust (GBTC). Institutional investors lead the pack Institutional investors continue to be the leading demographic of Grayscale’s digital asset trusts. Currently they a...
Forex Trading in Egypt • Forex Strategies • Benzinga – Benzinga
Forex News

Forex Trading in Egypt • Forex Strategies • Benzinga – Benzinga

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. There are more than 1 million active foreign exchange (forex) traders in Africa. Forex markets have been growing steadily in the country and young Egyptians, in particular, are starting to trade from their smartphones and earn good profits. Get Started with Forex in Egypt Gold and silver coins were among the earliest known currencies exchanged in Egypt. It wasn’t until 1836 that the 1st Egyptian pound (EGP) was coined and circulated. After the National Bank of Egypt was formed in 1898, banknotes in denominations of 50 piastres, £1, £5, £10, £50 and £100 were released to the public. You can find Arabic texts and Islamic architecture imprinted on the Egyptians bank...
Forex Trading in Finland • Forex Strategies
Forex News

Forex Trading in Finland • Forex Strategies

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. Finland boasts 1 of the richest economies in Europe, but the Finnish economy is set to contract by 1.5% to 5.5% in 2020. Experts predict a fast recovery with 2021 seeing expansion again around 4%. Attribution: Ecnmy.org The economic contraction doesn’t bode well for the Finnish forex market. Finland currently has no in-country forex brokers. However, Finnish forex investors enjoy the regulation of the Finnish Financial Supervisory Authority (FIN-FSA), which collaborates with the European Central Bank and the Bank of Finland to ensure an equitable trading environment. Still interested in trading forex in Finland? Take a look at our guide to get started. Get Start...
MaterialsXchange Is Bringing Commodities Trading Into The Digital Age – Forbes
Commodities

MaterialsXchange Is Bringing Commodities Trading Into The Digital Age – Forbes

Lumber being transported by rail Getty For companies needing to source production raw materials, the commodities markets can be daunting. Particularly for small firms, getting price transparency for purchasers, and dealing with credit risk for sellers, have been significant challenges. Those were some of the reasons why, when the CME Group CME started trading lumber futures on its electronic Globex system in 2009, Michael Wisnefski was quickly interested. He’d been trading lumber since the 1990s, buying railcar quantities, dividing them into smaller lots, selling them and shipping them to customers. He got into futures trading as well, back when they were still bought and sold on an open outcry trading floor. So that nascent transition to digital caught his attention. “On the first ...