The U.S. stock market extended its rally Friday after better than expected jobs data suggested that the impact of a partial government shutdown on the economy was largely overblown. Dow Surges Past Major Milestone All of Wall Street’s major indexes traded higher on Friday, reflecting a mostly upbeat pre-market for U.S. stock futures. The Dow Jones Industrial Average rose 166 points, or 0.7%, to 25,166.17. Shares of Exxon Mobil Corp (XOM) and Visa Inc. (V) led the Dow blue chips higher. The broad S&P 500 Index advanced 0.3% to 2,712.55, with seven of 11 primary sectors contributing to the gains.
By CCN.com: U.S. Commerce Secretary Wilbur Ross quelled expectations of an imminent free-trade agreement with China Thursday after he said Washington and Beijing remain “miles and miles” apart on a new deal. No Deal Yet In an interview with CNBC’s Squawk Box, Ross indicated that the United States and China are nowhere near finalizing a
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The blockchain company, Hashcash will become crucial in the regulation of water in South Africa. The company will lend its services to implement a high-tech infrastructure to monitor water usage. After the water crisis this year, this is a vital issue.
The legislative capital of South Africa and one of the biggest tourist destinations in the world, Cape Town suffered a severe drought this year which brought the capital into the headlines. This served as a wake-up call for the growing water crisis affecting major urban settlements from across the globe. Governments and municipalities are soliciting the expertise of software development companies to device ways to sustain their water reserves. HashCash Consultants is one of the first to be enlisted for this service.
Criminals have shown a tendency to deploy major attacks during troublesome times. Hurricane Florence wreaked havoc in the US not that long ago. It now appears one local water utility company is being targeted in a major ransomware attack. It is a very troublesome development, for many different reasons.
Ransomware Attacks Remain Problematic
The East Coast of the United States suffered quite a bit of damage courtesy of Hurricane Florence. Although the country has seen its fair share of hurricanes, cleaning up after the fact is always a problematic venture. It seems criminals know those struggles all too well and try to exploit lingering weaknesses during this most opportune time.
Despite a flurry of media attention surrounding the project, Civil, an Ethereum-based platform aiming to save journalism, can’t seem to get enough buyers for its token.
The project released a transparency report showing the figures behind its CVL token sale, which ends at 11:59 p.m. EST on Monday, October 15, 2018, and the numbers do not look good.
“This isn’t how we saw this going,” Civil founder Matthew Iles wrote on October 10. “We don’t know if it will work.”
By hacking into fleets of vehicles, cardiac devices, and baby heartbeat monitors, we thought IoT hackers had already hit a new low. Beyond manipulating our data or draining our bank accounts, hackers can cause irreversible damage to our health. So, perhaps it shouldn’t come as a surprise that the next IoT hack on the horizon could be something even more serious.
By 2025, approximately 8 billion devices will be connected to the internet. That’s 8 billion possibilities for cybercriminals that, so far, have proven IoT breaches akin to stealing candy from a baby. When you also consider that by that same year, two-thirds of the world will have limited or scarce access to water, it becomes a powerful resource to control.