
Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
June 9, 2021: -Bitcoin’s price slipped again on Tuesday. The reason for the move was unclear. However, it may be concerned over the security of the cryptocurrency after U.S. officials managed to recover most of the ransom paid to hackers that are targetting Colonial Pipeline.
Court documents said investigators could access the password for one of the hackers’ bitcoin wallets. A launched task force in Washington recovered the money created as part of the government’s response to an increase in cyberattacks recently.
The largest cryptocurrency in the world slid around 8% at 6:30 a.m. ET to a price of $32,817, according to Coin Metrics data. Small digital coins also slumped, with ether decreased 9% to $2,482 and XRP losing around 8%.
April 2021 will look to be a banner year for digital assets, with bitcoin having in the top $60,000 for the first time. But the latest plunge in crypto prices has shaken confidence in the market. Bitcoin sank to around $30,000 in the previous month and is recently decreasing almost 50% from its all-time high.
The digital currency is increased only 14% since the start of the year, though it’s still tripled in price from a year before.
On Monday, U.S. law enforcement officials said they had seized $2.3 million in bitcoin paid DarkSide, the cybercriminal gang for crippling cyberattack on Colonial Pipeline.
According to a court document, the Federal Bureau of Investigation could access the password for one of the hackers’ bitcoin wallets. Bitcoin has often been the currency of choice for the hacker that demands ransom payments to decrypt data locked by malware known as “ransomware.”
Crypto media outlet Decrypt reported unfounded rumors that the attackers’ bitcoin wallet had been “hacked,” an unlikely scenario.
DarkSide, which reported that it received $90 million in bitcoin ransom payments before it shut down, operated a so-called “ransomware as a service” business model. Hackers are developing and market ransomware tools and selling them to affiliates who can later carry out attacks.
According to blockchain analytics firm Elliptic, the seized funds represented the bulk of the DarkSide affiliate’s share of the ransom paid out by Colonial.
John Hultquist, vice president of analysis at Mandiant Threat Intelligence, called the move a “welcome development.”
“It has become clear that we need to use several tools to stem the tide of this serious problem, and even law enforcement agencies need to broaden their approach beyond building cases against criminals who may be beyond the grasp of the law,” said Hultquist.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The Fort McMurray First Nation Group of Companies is the wholly owned business entity of Fort McMurray 468 First Nation. It was established in 1987 as Christina River Enterprises, and the organization rebranded as FMFN Group in 2021. Providing Construction, Custodial, Petro-Canada Fuel & Convenience Store, and Transportation services to a broad portfolio of customers, the Group of Companies is creating financial stability and prosperity for the Nation.
Maushum Basu is a visionary leader who inspires his team with a clear, compelling purpose. Unafraid to take calculated risks, he understands that growth often stems from change and innovation. His deep commitment to both Airia Brands, Inc.
When speaking with Martin Paquette, one thing is immediately apparent: he’s honest. His transparency is refreshing. While many shy away from such vulnerability, Paquette sees it as a force to reckon with. The incredible emotional intelligence speaks to years of looking within—it’s also what allows him to acknowledge his mistakes gracefully and use them as opportunities to innovate.
Marina Charriere, CEO of Star Drug Testing Services, Star Drug Testing Services (Windsor Park), and First Defence Face Masks go hand in hand. Star is a drug and alcohol testing facility, and First D F M is a face mask company.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you