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Crypto-hackers Return Millions, Jet Blue’s Cheap New York to London Flights & Biden Calls for More Oil Production

Crypto-hackers return millions, ask for donations

In a bizarre twist they hackers who stole over $600m in cryptocurrency yesterday have now returned almost half of the funds.

The online pirates claim to have done the attack “for fun” and say that they were actually keeping the funds safe after spotting a bug in the PolyNetwork’s crypto code.

Since returning around $260m of the stolen funds, the hackers have asked for donations as a reward for their efforts.  To date around $200 has been made in reward donations.  At this point there remains around $350m missing from the original theft.

JetBlue launches cheap New York to London flights

In a sign that travel may be normalizing somewhat, JetBlue is offering one way fares from JFK to London’s Heathrow airport for as low as $202.  Service will also include the airlines Mint business class product for well under $2,000 round-trip. 

However, the frequency is scaled back due to the continuing effects of the global pandemic as British Citizens are currently not allowed to enter the United States without special permission. 

Still shares in $JBLU were up 2.03% on the news.

Joe Biden calls on OPEC+ to pump

The Biden administration has strenuously urged OPEC and its allies to increase oil production as rising prices are seen as a threat to the global economic recovery from Covid-19.

U.S. National Security Adviser, Jake Sullivan was critical of the cartel and call producers including Saudi Arabia to raise their production levels saying, “At a critical moment in the global recovery, this is simply not enough,”.

OPEC+ has been increasing production but not fast enough for the United States liking.  Speaking to reporters on Wednesday President Biden said that “the production cuts made during the pandemic should be reversed in order to lower prices for consumers.”

Despite the Presidents pleading WTI increased a further 1.54% to end New York trading at 69.34/bbl.

Quote of the day – “The number one problem in today’s generation and economy is the lack of financial literacy.” 

Alan Greenspan

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