How the ‘unhackable’ lost $2.8 million in a hacking

Brief Updates


U.S. trade deficit rises to 12-year high of $679 billion

Image Source: Global Rust Trade

The U.S. trade deficit rose 17.7% last year to $679 billion, the highest since 2008, as the coronavirus disrupted global commerce and confounded then-President Donald Trump’s attempts to rebalance America’s trade with the rest of the world.

The trade gap slid 3.5% to $66.6 billion in December from $69 billion in November, the government said Friday.

The deficit narrowed slightly in 2019 but then ballooned last year as coronavirus restrictions hammered U.S. exports of services such as tourism and education. Services exports dropped 20.4% last year.

What other factors were at play?


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Picture the perfect stock for a moment. (clicking link will opt you on to liberty through wealth free e-letter. Privacy Policy)What would it look like?
No doubt it would have hundreds of billions in revenue – more than tech giants like IBM, Facebook and Google.

It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.

It would have tens of thousands of unbreakable patents.

It would pay an enormous dividend.

It would be on the verge of dozens of blockbuster announcements that would send the stock higher and higher.

And most of all…

It would trade ultra-cheap – less than $3.

It seems crazy that such a stock exists.

But it does.


Investors are looking forward to another positive week on the stock market after watching the S&P 500 soar over 4.6% in the previous days. This week, they’ll have their eyes on earnings reports from big names like Coca-Cola, Pepsico, Cisco, and Disney. They are also anticipating more news on the stimulus front.

“I think the path of least resistance has resumed to a higher level,” said Art Hogan, a strategist for National Securities. “I think we had a mini correction a week ago and I think it happened pretty quickly. I think we continue to grind higher and the only bumps in the road that I can see are a delay in fiscal stimulus or some exogenous factor comes in and changes the dynamics.”

What else is on the economic calendar for next week?


More and more people (especially men) think the future is too bleak to have kids

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When you think about planning for the future, a lot of people think about starting a family.

Except now, in the post-pandemic world, a lot less people are thinking about starting a family. And if you ask men, there’s a chance that those numbers go even higher.

Before now, the reasons men choose to have children and their understanding of fertility awareness have been seriously understudied. But not anymore, because Maja Bodin decided to change all of that.

And her study is shedding some light on how men view bringing children into the world.

As it turns out, when it comes to the idea of bringing kids into the world, men’s view of our future is pretty bleak. So, they’re feeling less driven to have children.

Here are some of the surprising results she discovered.


As more colleges and universities have shut down their campuses and in-person learning in an effort to slow the spread of the virus, many learners have found themselves at a disadvantage.

Thankfully, many tech companies have stepped up to the plate offering free services, lifting limits for services, and making their paid services free throughout the rest of this school year.

Not only can students and teachers benefit from these resources, but also those in other professional settings. So, whether you could use tutoring services or graphic design tools, this list has you covered.


How the 'unhackable' lost $2.8 million in a hacking

Image Source: peshkov / Getty Images

On Thursday evening, an unknown entity stole $2.8 million from a shared digital “vault” on the investment website

While has not yet issued a full report of what happened, the theft may show that blockchains, a security technology behind digital currency transactions may have more vulnerabilities than originally thought.

When digital currency first emerged, advocates said that blockchain technology would prevent theft because multiple computers in a non-centralized network would have to validate each and every transaction.

However, a February 2019 report by the MIT Technology Review stated that hackers have stolen nearly $2 billion worth of cryptocurrency since the start of 2017, partly because they’ve figured out ways to hack blockchains by exploiting poor security features on web servers and on websites that operate as cryptocurrency exchanges.

What else is known about the attack?

Stay Informed,


Rex Jackson

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Rex Jackson
Writer & Editor of Brief Updates