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Supermicro's stock (SMCI) fell over 6% to $33.92 after being removed from the Nasdaq 100 index, dropping below its 50-day moving average. Despite accounting issues and delayed financial reports, customer orders remain stable, with a year-to-date increase of 20% from a split-adjusted high of $122.90 in March.
Palo Alto Networks, a leader in AI-driven cybersecurity, recently announced a 2-for-1 forward stock split, effective December 16, following a 2,150% increase in share value since its IPO in 2012. The company has shifted focus to software-as-a-service subscriptions, enhancing cash flow and customer loyalty, positioning it for future growth and potential further splits.
Raiffeisen's e-banking system experienced a significant outage for over an hour due to a simulated cyber attack intended to identify vulnerabilities. The incident, confirmed by a bank spokesperson, disrupted customer access but did not affect payment processing. An internal investigation is underway, raising questions about the impact on CEO Heinz Huber amid ongoing challenges with a new app project.
Raiffeisen's e-banking system experienced a significant outage for over an hour due to a simulated cyber attack intended to identify vulnerabilities. The incident, which left customers unable to log in, has prompted an internal investigation at the Board of Directors level, raising concerns about the bank's IT management and future leadership under CEO Heinz Huber.
OpenAI's ChatGPT faced an outage due to high demand following its integration with Apple’s iOS, while Meta experienced disruptions across its platforms. As AI services expand, major tech firms are expected to increase AI capital expenditures significantly, driving growth in data centers and energy demand. This surge will necessitate substantial investments in electricity infrastructure and critical metals, with forecasts suggesting a combined annual investment of around USD 3.0 trillion by the decade's end.
A hacker exploited a critical vulnerability in the Dogecoin network, causing 69% of its nodes to crash. Andreas Kohl, co-founder of Bitcoin sidechain Sequentia, utilized an old laptop to execute the attack, which was made possible by a flaw discovered by researcher Tobias Ruck. The vulnerability, dubbed "DogeReaper," allows anyone to remotely crash Dogecoin nodes, potentially threatening the entire network's stability.
Google's new Willow quantum processor, capable of performing complex calculations in minutes, has sparked discussions about its potential to compromise Bitcoin's security. However, analysts assert that the technology is still years away from posing a real threat, as it currently lacks the necessary qubits to challenge the Bitcoin network. The blockchain industry is actively exploring quantum-resistant solutions to safeguard against future risks.
Ava Labs founder Emin Gün Sirer has raised concerns about the security of Satoshi Nakamoto's one million Bitcoin, which are at risk due to the outdated Pay-to-Public-Key (P2PK) format. This method exposes public keys, making them vulnerable to quantum computing attacks. Sirer suggests that the Bitcoin community should either freeze these coins or sunset all P2PK unspent transaction outputs to mitigate potential threats as quantum technology advances.
Google's new quantum chip, Willow, boasts 105 qubits and significantly reduced error rates, raising concerns in the crypto community about Bitcoin's security. Early Bitcoin transactions, using a vulnerable public key format, could be at risk if quantum computing advances further. However, experts believe Bitcoin remains secure for now, as current quantum capabilities are insufficient to crack its cryptography faster than transaction confirmation times.
Google's Willow quantum chip, introduced by CEO Sundar Pichai, marks a significant advancement in quantum computing with 105 qubits and error reduction capabilities. This breakthrough has sparked discussions in the crypto community regarding Bitcoin's cryptographic security, highlighting the urgent need for post-quantum encryption within the next decade. Experts assert that while Bitcoin remains secure for now, proactive measures are necessary, especially for early-minted coins using the vulnerable Pay-to-Public-Key format.
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