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Cryptocurrency

North Korean hackers breached a US tech company to steal crypto

Miniatures of people with computers are seen in front of North Korea flag in this illustration taken July 19, 2023. REUTERS/Dado Ruvic/IllustrationWASHINGTON, July 20 (Reuters) - A North Korean government-backed hacking group penetrated an American IT management company and used it as a springboard to target cryptocurrency companies, the firm and cybersecurity experts said on Thursday.The hackers broke into Louisville, Colorado-based JumpCloud in late June and used their access to the company’s systems to target "fewer than 5" of its clients, it said in a blog post.JumpCloud did not identify...
Banking

Exclusive: EU’s highest inflation to slow to 7-8% by December, Hungary’s finance minister says

No steps on spending needed to contain deficit for now-VargaBut gov't will review in Sept and act if necessaryVarga says he'd like to leave 3.9% deficit target intactStable forint crucial for economic players to plan-ministerCEE states can again be fastest growing EU region-VargaBUDAPEST, July 20 (Reuters) - Hungary's annual inflation will slow to 7-8% by December from 20.1% in June, helping the economy rebound, Finance Minister Mihaly Varga told Reuters, adding that no further measures were needed to contain the budget deficit for now.Prime Minister Viktor Orban's government is struggling...
Currencies

Exclusive: Russian banker Kostin says the end of U.S. dollar dominance is nigh

Russian Rouble and U.S. Dollar banknotes are seen in this illustration taken, February 24, 2022. REUTERS/Dado Ruvic/IllustrationTop banker: This is 'hot war' not Cold WarKostin: Dollar use will be hurt by West's sanctionsKostin: China moving towards removing currency restrictionsKostin: Record VTB profit this yearKostin: VTB to sell one of biggest grain tradersMOSCOW, June 9 (Reuters) - The end of the dominance of the U.S. dollar is nigh as the Chinese yuan rises and the rest of the world sees the peril of the West's failed attempt to bring Russia to...
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