Binance has disclosed that hackers stole approximately $6.3 billion in cryptocurrency in an attack that began with compromised employee computers and fraudulent recruitment interviews, exposing weaknesses in the exchange’s internal security systems. Read More… about Binance says $6.3 billion hack began with fake job interviews
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Binance faces confidence test after $6.3 billion crypto heist
Binance is working to restore customer confidence after a $6.3 billion cryptocurrency theft, one of the largest security incidents in the industry’s history, as the exchange resumes withdrawals and uses its own reserves to cover the losses. Read More… about Binance faces confidence test after $6.3 billion crypto heist
Binance pledges to cover $6.3 billion losses after record crypto heist
Binance has pledged to cover approximately $6.3 billion in cryptocurrency stolen from its platform, in what analysts describe as the largest crypto heist on record, putting the exchange’s financial resilience and customers’ confidence to the test. Read More… about Binance pledges to cover $6.3 billion losses after record crypto heist
HSBC launches first stablecoin for 3.3 million PayMe users in Hong Kong
HSBC has launched its first stablecoin, RedCoin (RCHKD), through its PayMe payments app in Hong Kong, bringing bank-issued digital money within reach of more than 3.3 million existing users. Read More… about HSBC launches first stablecoin for 3.3 million PayMe users in Hong Kong
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Launching Into a Graveyard: Why Visibility Became a Survival Skill for Crypto Projects
More than half of the cryptocurrencies tracked on GeckoTerminal have failed: 53.2%, according to CoinGecko Research. The finding highlights an uncomfortable reality for crypto founders: entering the market has become easier, but staying relevant has become considerably harder. Read More… about Launching Into a Graveyard: Why Visibility Became a Survival Skill for Crypto Projects
Circle targets 40 new markets as stablecoin demand grows
Circle plans to expand into roughly 40 emerging and developing markets as demand for stablecoins grows globally, Chief Executive Jeremy Allaire told Reuters, signaling a push to broaden the reach of its USDC dollar-pegged stablecoin beyond established markets. Read More… about Circle targets 40 new markets as stablecoin demand grows
JPMorgan brings JPM Coin deposit token to Ethereum
JPMorgan Chase has launched its U.S. dollar-denominated deposit token, JPM Coin, on the Ethereum blockchain, expanding its blockchain payments business as financial institutions increasingly explore ways to move money and assets on-chain. Read More… about JPMorgan brings JPM Coin deposit token to Ethereum
Kraken parent Payward to acquire European bank in push into traditional finance
Payward, the parent company of cryptocurrency exchange Kraken, has agreed to acquire Lithuania-based Saldo Bank, marking a significant step in its expansion from digital asset trading into traditional banking services. Read More… about Kraken parent Payward to acquire European bank in push into traditional finance