February 17, 2016 7:43 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Apple Inc. (NASDAQ: AAPL)'s CEO Tim Cook wrote an
open response to the FBI's request to build a backdoor to the iPhone.Cook noted that the entire company was "shocked and outraged" following the "deadly act of terrorism" in San Bernardino. The executive fully complied with all requests for assistance - as is the norm with valid subpoenas and search warrants. Apple also made its engineers available to advise the FBI, as Cook added "we have no sympathy for terrorists." However, the FBI is now requesting Apple make a new version of the iPhone operating system and install new software which have the potential to unlock any iPhone in someone's physical possession. "The FBI may use different words to describe this tool, but make no mistake: Building a version of iOS that bypasses security in this way would undeniably create a backdoor," Cook wrote. "And while the government may argue that its use would be limited to this case, there is no way to guarantee such control."Cook continued that the government is asking the company to "hack our own users and undermine decades of security advancements that protect our customers — including tens of millions of American citizens — from sophisticated hackers and cybercriminals." As such, the company is"challenging the FBI's demands with the deepest respect for American democracy and a love of our country."
Stock ReactionShares of Apple were little changed following Cook's letter as the stock was higher by just 0.09 percent at $96.64. Cybersecurity related names were also unaffected as shares of
FireEye Inc (NASDAQ: FEYE) were unchanged at $13.21. Other cybersecurity stocks, such as
Check Point Software Technologies Ltd. (NASDAQ: CHKP) and
Symantec Corporation (NASDAQ: SYMC) showed no trades.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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