A Group of Young Cybercriminals Poses the ‘Most Imminent Threat’ of Cyberattacks Right Now

Empty grocery store shelves and grounded planes tend to signal a crisis, whether it’s an extreme weather event, public health crisis, or geopolitical emergency. But these scenes of chaos in recent weeks in the United Kingdom, United States, and Canada were caused instead by financially motivated cyberattacks—seemingly perpetrated by a collective of joyriding teens. A…

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DeFi Dev Corp. Secures Funding With $112.5M Convertible Note Sale, Aims to Purchase SOL

DeFi Development Corp. priced a $112.5 million private offering of convertible senior notes due 2030, primarily to acquire solana ( SOL) tokens. $112.5M Offering Prices for DeFi Dev Corp. Convertible Notes The 5.5% notes, sold to qualified institutional buyers, carry an initial conversion price of $23.11 per share. According to the firm’s release, this represents…

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Tesla’s energy storage business gets sucked into the company’s downward spiral

Even Tesla’s energy storage business, which has been a small, yet notable bright spot, can’t escape the cloud that’s hanging over the company. For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined, according to stats released by Tesla. In the second quarter of this year, the company installed…

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Markets Will Choose US-Regulated Stablecoins Over CBDCs ‘All Day, Every Day,’ Says Treasury Secretary Scott Bessent

U.S. Treasury Secretary Scott Bessent is confident that people around the world are going to choose stablecoins over central bank digital currencies (CBDCs). In a new interview with Bloomberg, Bessent says the stablecoin sector creates an “exciting new payment rail.” “And importantly, it will be a source of demand for the US Treasury market, because…

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