Skip to main content

Featured Story

Crypto Markets React to Inflation Data: Key Insights

Market Reaction to Inflation Data: A Deep Dive The cryptocurrency landscape is often a reflection of the broader economic environment, and recent data from the U.S. Bureau of Labor Statistics has confirmed this notion once more. With Bitcoin and Ethereum both experiencing declines of over 2% immediately following the announcement of a 0.4% rise in the Consumer Price Index for March, it’s clear that inflation continues to cast a shadow over digital assets. Understanding the Current Economic Climate Inflation Insights : The Consumer Price Index (CPI) remained virtually unchanged from February, sitting at 3.5%. This steady inflation rate raises concerns about the Federal Reserve's interest rate policies. Market Impact : As of the latest figures, Bitcoin has dipped below \(68,000, while Ethereum is precariously close to dropping under \) 3,400. Together, these cryptocurrencies represent approximately 65% of the $2.7 trillion global market capitalization for digital assets. T...

Insomniac Games Cyberattack: Sensitive Data Compromised and Future of Wolverine Game in Question

Over a week after the cyberattack on Insomniac Games, the studio has finally issued a public statement addressing the incident. In a tweet shared on Friday, the studio expressed both sadness and anger regarding the attack and acknowledged the emotional toll it has taken on their development team. Insomniac Games also confirmed that sensitive employee data, contractor data, and details about its upcoming Wolverine game were revealed as part of the attack. However, the studio remains resilient and stated that the game will continue as planned. It is worth noting that Sony, the parent company of Insomniac Games, previously stated that it did not believe any of its other divisions were impacted by the attack. The hacker group responsible for the attack, known as Rhysida, demanded a ransom payment of approximately $2 million worth of Bitcoin, which Sony and Insomniac Games did not appear to have paid. As a result, the stolen data was subsequently leaked, with a portion reportedly sold to unknown buyers and the majority released to the public.

Comments

Trending Stories