News of the largest ever crypto hack had the potential to roil markets Friday, but one analyst was surprised at how prices reacted.
“I would’ve thought that the whole crypto landscape would've been down quite a bit on this news of a major Japanese exchange getting hacked,” said Michael Graham, senior equity analyst at Canaccord Genuity. “I think that the fact that the crypto markets are sort of being resilient in the face of the potentially biggest hack on one of the crypto exchanges is pretty interesting.”
His statements come after Tokyo-based crypto exchange Coincheck confirmed it loss more than $500 million worth of NEM tokens. That could make it larger than the infamous Mt. Gox hack of 2014, which saw $340 million stolen from digital wallets. At the time, though, that accounted for a much larger portion of the crypto market.
Graham did have advice for investors worried their assets could be compromised.
“Most people recommend, if they’re owning a material amount of the crypto assets, put those in cold storage, which means just buy a wallet that you can take off the network and store in a safe place in your home. And that way it’s absolutely immune to attack.”
For full interview [click here](https://cheddar.com/videos/why-major-cryptocurrencies-are-having-a-relatively-flat-week).
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Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize.
Low-value imports are losing their duty-free status in the U.S. this week as part of President Donald Trump's agenda for making the nation less dependent on foreign goods. A widely used customs exemption for international shipments worth $800 or less is set to end starting on Friday. Trump already ended the “de minimis” rule for inexpensive items sent from China and Hong Kong, but having to pay import taxes on small parcels from everywhere else likely will be a big change for some small businesses and online shoppers. Purchases that previously entered the U.S. without needing to clear customs will be subject to the origin country’s tariff rate, which can range from 10% to 50%.
Southwest Airlines will soon require plus-size travelers to pay for an extra seat in advance if they can't fit within the armrests of one seat. This change is part of several updates the airline is making. The new rule starts on Jan. 27, the same day Southwest begins assigning seats. Currently, plus-size passengers can pay for an extra seat in advance and later get a refund, or request a free extra seat at the airport. Under the new policy, refunds are still possible but not guaranteed. Southwest said in a statement it is updating policies to prepare for assigned seating next year.
Cracker Barrel is sticking with its new logo. For now. But the chain is also apologizing to fans who were angered when the change was announced last week.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.
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