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Stargate, a cross-chain bridge on LayerZero, has been offline for over six hours due to a malfunction in its Decentralized Verifier Networks (DVN) executors, causing significant transaction delays. Blockchain security firms PeckShield and ExVul have warned users to refrain from cross-chain transfers, as approximately 29,700 transactions are currently stalled. LayerZero's technical team is actively working to resolve the issue.
Chainalysis has acquired Hexagate, a Web3 security firm, to enhance its threat detection and prevention capabilities. Founded in 2022, Hexagate has safeguarded over $1 billion in customer funds for clients like Coinbase and Consensys. This move marks a strategic shift for Chainalysis, focusing on proactive security measures in the evolving digital asset landscape.
Palantir Technologies Inc. saw a 3% stock increase following UBS's initiation of coverage with a Neutral rating and an $80 price target, highlighting strong revenue growth projections for 2025/2026. This uptick coincided with an extended $400.7 million partnership with the U.S. Army, reinforcing investor confidence in Palantir's government contracts despite concerns over its high valuation.
Palantir Technologies Inc. shares rose 3% following UBS's "Neutral" rating and a new price target of $80, alongside a $400.7 million contract extension with the U.S. Army. UBS analyst Karl Keirstead highlighted strong revenue growth forecasts for 2025/2026, although he expressed caution over the company's high valuation metrics. The Army contract reinforces Palantir's role in military data analytics, boosting investor confidence in its future prospects.
Quantum computing advancements pose significant risks to Bitcoin's encryption, potentially requiring up to 305 days for protocol updates to ensure security. This lengthy downtime could lead to economic losses of $912 million and strain the network's already criticized transaction speeds. Experts warn that as quantum technology evolves, the urgency for Bitcoin to adapt grows, highlighting the need for strategies to mitigate these threats while maintaining functionality.
Open Text Corporation, a Canadian information management software and services provider, offers a comprehensive platform that delivers secure and scalable solutions for enterprises, SMBs, and governments globally. Its integrated portfolio includes various clouds such as Content, Cybersecurity, and AI, enabling organizations to enhance workflows, automate processes, and optimize digital supply chains. Recently, UBS downgraded its view on the company to Neutral.
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.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Stargate cross-chain bridge experiences six hour outage due to technical issues
16:49 20.12.2024
Chainalysis acquires Hexagate to enhance Web3 security and threat prevention
19:02 19.12.2024
Palantir stock rises on UBS coverage and army contract extension
14:40 19.12.2024
Palantir shares rise on UBS valuation and US Army contract extension
14:39 19.12.2024
quantum computing risks bitcoin security requiring extensive protocol updates
20:17 18.12.2024
Open Text Corporation Receives Neutral Rating Downgrade from UBS
16:01 17.12.2024
Supermicro stock declines after removal from Nasdaq 100 index
16:57 16.12.2024
palo alto networks completes significant stock split amid soaring market performance
11:06 16.12.2024
Raiffeisen E-Banking Outage Caused by Simulated Cyber Attack Test
07:31 16.12.2024
raiffeisen e-banking outage caused by simulated cyber attack error
07:31 16.12.2024
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