A 17 Year Old Was Just Arrested in Connection With Twitter’s Recent Hack

Generation Z has become the most computer literate generation yet and can easily navigate the ins and outs of the internet with quite an ease. But such skills can have a wrong side with a bad hand, as is evident in a recent case where a boy is just seventeen years of age has become the cause of a worldwide Twitter hacking that has caused much damages to the accounts of celebrities. Authorities indicate that the young adult boy operated alone and single-handedly caused this atrocity in such gigantic proportions and caused such uproar.

Details of the Case

The teenage hacker was arrested in the Tampa province of Florida in the United States of America. The scandal he caused has been termed the largest social media safety issue, the like of which is rarely seen. The master-mind operation had been the cause of many twitter profiles hacked and exploited, the owners of which included big celebrity names such as Elon Musk, Joe Biden, and Bill Gates. Ironically, two of these examples are major industrialists in the sector of software technologies and programming themselves.

Authority Report

The case file indicates that the boy went by the name of Clark and did not use any assistance from any fellow coder and did this massive breach of trust single-handedly. The young adult was charged with over thirty charges that included identity theft and data fraud. He faces repercussions in the area of Florida where more lax laws allow for juveniles to be tried as adults in such scams and fraudulent cases. More recent reports after the preliminary investigations have clarified that there can be accomplices involved in the operation, but the authorities do not know for sure.

The young age is not be confused with the simplicity of the job, as the scam as perpetrated in a level very rare and points to the criminal in question to be a prodigy in coding and software programming, albeit a prodigy who chose to use his powers for evil. Another three also face accusations now and are believed to have assisted Clark in his criminal endeavors. These three accused go by the online aliases of “Chaewon, Rolex, and Juvenile.” The authorities point towards the success of the investigation as such attacks being completely thwarted is no small victory.

Crypto Bull Mike Novogratz Favors Gold over Bitcoin

Big bull investor of the global Bitcoin market, Mike Novogratz, advises that investing in gold is better than investing in Bitcoins. He says that though Bitcoin outperforms the valuable yellow metal in the market, it may be less lucrative because of the high volatility of the crypto market.

Mike Novogratz heads the Galaxy Digital Holdings group. He is the most successful and vocal hedge fund in the United States, who was leading the well-known Fortress Investment Group for many years. This Bitcoin bull and a billionaire investor is the most sought after advisor in the global crypto market. In 2017, Mike was reported to hold 20% of his total net worth in Ethereum and Bitcoins. 

He has correctly predicted the price of Bitcoin trading in the past years. In 2017, he forecast the rise. Being a vocal Bitcoin bull, Mike keeps sharing his views on social platforms. On June 1, his tweet was to hold on to both Bitcoins and Gold. He said Bitcoins prices might reach a new high if the barrier breaks. On July 8, talking to CNBC’s First Money, Mike advised investors to keep more gold than Bitcoins. Bitcoin prices did not fluctuate during this period and steadied at $9000. 

Mike says that Bitcoin has just started adapting to the situation. For reaching a peak, Bitcoin prices need to break a resistance that is more difficult to attain in the present scenario. Yet, Bitcoin will gradually gain more momentum in the market because more and more companies are initiating different methods to fetch the crowd towards the adoption of cryptocurrency or Bitcoin. 

In the interview with CNBC’s First Money, Mike has said that Bitcoin is quite difficult to purchase. Bitcoin would be of the greater price if the purchasing-method were easier. There are various people who try to provide different methods to purchase Bitcoins. Some custodies and funds are also set up by some companies. Also, within some time, they will get an exchange-traded fund, which is like security. It comprises many securities such as trading commodities, cryptocurrencies, etc. that frequently trace an underlying record. These funds may invest in many industry sectors or manipulate several strategies. 

Considering the upcoming changes in the method of holding Bitcoins, Novogratz advises prioritizing the precious metal instead of Bitcoin. He also asks the investors to consider the fact that gold prices are touching a 9-year high. On July 9, gold prices touched a peak price of $1800 since 2011, September. The rising price of gold is evidently because of the economic recession in the Covid-19 situation. Over the last 24 hours or so, the price of gold has increased by 0.1%, making it $1810 per ounce for trading. 

According to one of the biggest advocates of gold, Peter Schiff, investors don’t pay enough attention to the price rise patterns of the precious metal. Speaking to news sources on Thursday, he said that gold is the most neglected bull market. He said that since 2015, the prices of gold had risen by 70%, but investors fail to pay attention to this market’s profitability.