Virginia Man Loses $9,888 After Hackers Access His Wells Fargo Account, Transfer Funds to China

China's potential AI restrictions could reshape global tech dynamics, impacting international collaborations and altering AI innovation flows. The post China considers tightening controls on AI models amid security fears appeared first on Crypto Briefing.

The post Quantum Computing Threat Prompts Crypto Firms to Prepare Post-Quantum Defenses appeared on BitcoinEthereumNews.com. Quantum Computing Threat Prompts Crypto Firms to Prepare Post-Quantum Defenses – The Daily Hodl No Result View All Result Source: https://dailyhodl.com/2026/07/09/quantum-computing-threat-prompts-crypto-firms-to-prepare-post-quantum-defenses/

Cryptocurrency firms are developing plans to upgrade networks with quantum-resistant cryptography following advances suggesting quantum computers could break existing encryption sooner than expected. Google’s research indicates quantum computers capable of breaking encryption could arrive by 2029, reports Reuters. Today’s computers lack the power to work backward from a public key to uncover the private key […] The post Quantum Computing Threat Prompts Crypto Firms to Prepare Post-Quantum Defenses appeared first on The Daily Hodl.

CXMT's IPO underscores China's strategic push for semiconductor self-reliance, potentially reshaping global tech supply chains. The post CXMT targets $4.3B IPO in what would be the largest listing on Shanghai’s STAR Market appeared first on Crypto Briefing.

The post Equities: Stagflation hit and chip-sector divergence – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank strategists report that United States (US) equities weakened under a stagflationary backdrop. The S&P 500 fell with broad-based losses, while the Philly semiconductor index outperformed strongly. SK Hynix’s US ADR offering was heavily oversubscribed, and China may allow some domestic AI firms to buy Nvidia H200 chips, supporting chip stocks even as most S&P 500 industry groups declined. Broad losses, semis outperform “Given the stagflationary backdrop, this meant equities took a big hit on both sides of the Atlantic. So the S&P 500 fell -0.28%, with a broad-based decline that saw 78% of the index lose ground. Once again, the move in chip stocks was against the overall market as the Philly semiconductor index (+2.23%) outperformed.” “The outperformance was bolstered by two large news stories. First, SK Hynix’s US offering was more than seven times oversubscrib

A Spotsylvania, Virginia, resident says hackers initiated an unauthorized wire transfer to steal nearly $10,000 from his retirement savings held at Wells Fargo. Jesse Combs, a longtime Wells Fargo customer, says he had never experienced a security issue with his account until May 29th, when he received an email notifying him that a $9,888 wire […] The post Virginia Man Loses $9,888 After Hackers Access His Wells Fargo Account, Transfer Funds to China appeared first on The Daily Hodl.

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

The post Crypto Protocols Must Reaudit Old Smart Contracts, Experts Warn appeared on BitcoinEthereumNews.com. Blockchain security experts are urging crypto protocols to reaudit their smart contracts as AI tooling is making it easier for hackers to identify vulnerabilities more quickly than ever before.  “Our data argues for continuous review rather than a one-time audit,” TRM Labs head of policy Ari Redbord told Cointelegraph, adding that “attack techniques are moving faster than a single audit from launch day can account for.” “An audit built for last year’s attack patterns leaves a protocol exposed to this year’s as bad actors are changing up.” CertiK reported Monday that hackers stole another $1.32 billion in the first half of 2026 and have adopted increasingly sophisticated strategies in response to strengthened security measures across the industry. One of those strategies has been to revisit old codebases, CertiK said, adding that the attacker’s efforts have likely been “aided by