20190320-Chinese stock market profit flowing to crypto market-Ellipal-Hydro-ransomware attack
BitcoinExchangeGudie :
Chinese profits from roaring stock market moving into BTC & crypto
From last year’s world’s worst-performing stock market, China’s stock market has become the best this year.
After US President Donald Trump postponed the trade deal with the China and as Wall Street bets on more stimulus, Shenzhen, and Shanghai indexes are in a beast mode. Investors are long China as the stock market gets carried away with Wall Street doubling down on Trump to just throw in the towel on the tariffs.
So far in this year, Shanghai and Shenzhen composite indexes have registered gains of over 25 percent and outperformed major equity indexes.
Chinese Money is flowing into Bitcoin and cryptocurrencies from the profits made by its roaring stock market. Largest Chinese exchanges registered double volume while Chinese Yuan is seeing the highest money flow in cryptos after US dollar in fiat currency.
Moreover, according to the data provided by Coinlib, Chinese Yuan accounted for the second highest share in the cryptocurrencies like Bitcoin, Ethereum, and Stellar. Through Bitcoin, the money also flowed into Litecoin, EOS, Bitcoin Cash, Dash, Neo, and Ethereum Classic among other cryptos and into Zcash through Ethereum.
China is still actively investing in cryptocurrencies and if it's stock market climbs further, we might get to see more greens in bitcoin and crypto as well.
-ELLIPAL Hardware Wallet is completely isolated from all physical and network connections. This means ELLIPAL cannot be connected to any devices or to any networks, completely protecting it from hackers aiming for your coins.
Without ever relying on USB cables or Bluetooth connection to work, ELLIPAL is the safest hardware wallet in the market.
ELLIPAL is an air-gapped device, it works flawlessly with ELLIPAL App via secure and verifiable QR codes.
ZeroHedge (Aluminum Giant Norsk Crippled By Massive Ransomware Attack):
Two years after some of the world's biggest corporations were hit by the WannaCry virus which morphed into the "biggest ransomware attack in history", and which subsequently was found to have been created with NSA hacking software, on Tuesday, Norsk Hydro ASA, one of the world’s biggest aluminum producers, said it had suffered widespread production outages after a ransomware attack affected operations across Europe and the U.S.
The company called the situation "quite severe" and was still working to contain the effects of the attack, according to Bloomberg. Norsk couldn’t detail how much output had been impacted, but said the so-called potlines, which process molten aluminum and need to be kept running 24 hours a day, had switched to manual mode.
On a conference call with reporters, CFO Eivind Kallevik said the company didn’t know the identity of the hackers and that it has cyber insurance. The company's shares slid modestly lower, down 1.1% to 35.44 kroner toward the close of trading in Oslo.
According to spokesman Halvor Molland, some operations at plants where metal is fashioned into finished products for use in cars, planes and other manufactured goods, have been temporarily stopped, adding that the company is doing everything possible to fix the problem, but isn’t ready to give any forecasts yet, he told Bloomberg by phone.
Hydro, one of the world's biggest aluminum producers, is a leading supplier of aluminum products in North American and European markets, providing highly-specialized parts to industrial customers.
"They’ll probably have to halt pretty much everything in the short term as they work on a back-up plan," Hamilton told Bloomberg. “Operationally, this is distinctly challenging." While a sustained outage at its downstream plants could cause turmoil for customers in end-use markets, prices are unlikely to react unless there’s a disruption to the supply of metal from the company’s primary production lines, Hamilton said.
As Bloomberg notes, "the attack was the latest to hit the commodities sector, where disruptions can quickly cascade down the supply chain. Prior to Norsk Hydro companies from zinc smelter Nyrstar NV to Saudi and Russian oil giants Aramco and Rosneft PJSC, shipping company AP Moller-Maersk A/S and agriculture trader Archer-Daniels-Midland Co. had been also hit by cyber attacks."
It was not clear as of publication time just what "ransom" the ransomware hackers was seeking, nor who they may be although we are confident Russia, China, Iran and North Korea will be promptly blamed if only on principle... even as companies are starting to realize that "cyber attacks" provide just the perfect explanation for missed analyst expectations and production plans.
Comments
Post a Comment