In the face of a security incident that Rackspace is being very opaque about, Rackspace’s stock is down 15% today. Rackspace is still not providing much information about what the hell is going on. Thousands of Rackspace customers globally continue to deal with the outage, which Rackspace says is related to a security incident (whatever […]
Continue reading → [DISPLAY_ACURAX_ICONS]Cryptocurrency Collapse Continues Cryptocurrency lender and financial firm BlockFi filed for bankruptcy as the Ponzi scheme called Cryptocurrency continues its uncontrolled collapse. FTX was supposed to bail them out, but guess what – that is unlikely to happen. Withdrawals are “paused” for now, another term for you are screwed. Also remember that if you have […]
Continue reading → [DISPLAY_ACURAX_ICONS]Accounting firm Bansley & Kiener agreed to a $900k settlement to resolve a class action after a breach. The accounting firm was breached in December 2020 but did tell people about it. In May 2021 they discovered that information had been stolen. Side note: why did it take them six months to figure out that […]
Continue reading → [DISPLAY_ACURAX_ICONS]Putin is dealing with the reality of the worldwide financial sanctions crippling his economy. His solution is to create a financial system based on distributed finance or DiFi. An example is cryptocurrency. Using DiFi, Putin thinks he can get around sanctions. There are, of course, a couple of holes in this logic. First, who besides […]
Continue reading → [DISPLAY_ACURAX_ICONS]There is currently an unprecedented level of protests going on in the country. This comes from the draconian Covid-prevention lockdowns, the lack of food and medical care and the apartment building fire that killed a number of people, in part because the fire department could not get close enough to the building to get water […]
Continue reading → [DISPLAY_ACURAX_ICONS]The Great Crypto-Cop Brain Drain As if things weren’t hard enough for the cops, the ones that have been tracking down the bad crypto apples have discovered the grass is greener on the corporate side – a lot greener. And they are fleeing the government side, making things even harder for the remaining govies. Read […]
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