Anthropic IPO Could Receive Junk Credit Rating Despite $800 Billion AI Spending Plan
The post Anthropic IPO Could Receive Junk Credit Rating Despite $800 Billion AI Spending Plan appeared first on Coinpedia Fintech News
Crypto
T+1 Settlement: What Did Wall Street Learn, and What Must Change Before 2027?
The post T+1 Settlement: What Did Wall Street Learn, and What Must Change Before 2027? appeared first on Coinpedia Fintech News
Binance hackers raced to move billions before it could be frozen
Attackers raced to convert stolen stablecoins into crypto that issuers could not freeze as industry players like Tether and Circle moved to immobilize billions of dollars in assets.
Intel Stock Suffers Worst Crash in 50 Years as Weak Forecast Overshadows AI Chip Demand
Intel shares plunged nearly 30% to $65.76 on Friday after the chipmaker issued a fourth-quarter forecast that fell well short of Wall Street expectations, overshadowing an otherwise strong earnings report.
Trump: Looking At Whether Binance Hack Is By North Korea - Bloomberg
(CNN) — Binance, the world’s largest cryptocurrency exchange, has suspended withdrawals after hackers broke into its digital wallets and stole $6 billion in what appears to be the biggest crypto heist ever.
Bitcoin cuts some losses, but falls below $77k after Binance hit with $6.3B hack
For years, the crypto industry has tried to shed its affiliation with crime while marketing itself as a safe alternative to traditional banking and investing. But once again, a record-shattering heist is deepening conce…
Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms
Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the record $6.4 billion theft is a Binance security failure, not a crypto-wide threat, pointing clients toward proxies like Coinbase, Robinhood, and Strategy.
Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
The record-breaking hack of Binance is exactly why offshore crypto exchanges need U.S. oversight, CFTC Chairman Michael Selig argued, using the roughly $6.4 billion theft to press the agency’s case for a federal ruleboo…
Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018
Bitcoin is down about 4% a day after the biggest crypto hack on record. In March 2018, a failed attack on the same exchange knocked nearly 11% off its price in minutes, and Binance said at the time that no funds had bee…
Reddit Stock Plunges 30% as Google's AI Search Hits Traffic and User Growth
Reddit shares are down 44% this week after CEO Steve Huffman warned that Google's AI-powered search features are cutting referrals, while weaker user growth and disappointing fourth-quarter guidance added to investor co…
Intel Stock 30% Crash: Lip-Bu Tan’s Turnaround Hits Major Setback After Q3 Earnings
Intel shares plunged about 30% on Friday to around $63.56, heading for their steepest one-day fall since 1974, after the chipmaker issued a weak outlook. Intel expects fourth-quarter adjusted earnings of 25 cents a shar…
Coinbase leads crypto stock selloff following $6.3B Binance hack
Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach.
How Binance Plans To Cover $6 Billion Hack Without Hitting Customers
Binance says customer balances are untouched by this week’s hack because the stolen crypto came from one of its own hot wallets, which the exchange legally owns. A Binance spokesperson explained the setup to journalist …
ICP Price Prediction: Can Internet Computer Rally Toward $4.10?
ICP is consolidating around $2.487, with the chart marking $2.32 as a key support level.
Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B
The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.
Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
Binance will cover every dollar lost in this week's hack with its own money, CEO Richard Teng said in a video address on Friday, adding that customer funds were never touched.
Crypto Biz: Bitcoin’s quantum threat is becoming an economic problem
Bitcoin faces mounting quantum security concerns as Ripple secures a US banking charter, USDC gains ground in Europe and VanEck adds BTC to a new ETF.
Nvidia News Today: $4.8 Billion Chip Purchases Under Scrutiny In Megaspeed Probe
The post Nvidia News Today: $4.8 Billion Chip Purchases Under Scrutiny In Megaspeed Probe appeared first on Coinpedia Fintech News China has rejected a New York Times report alleging that a businesswoman close to Nvidia…
Binance uncovers wider breach in $6.3 billion exploit, targets Sunday withdrawal restart
Cryptocurrency exchange Binance has kept withdrawals suspended after a theft it estimates at $6.3 billion, the largest crypto heist on record, leaving customers unable to move assets off the platform while it rebuilds i…
Crypto News: Why Are Bitcoin, Ethereum And XRP Prices Crashing Today?
The crypto market is taking two hits at once. The $6.3 billion Binance exploit has shaken confidence, and a sharp sell-off on Wall Street has dragged risk assets lower. Bitcoin has lost its key $80,000 support and falle…
What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack
Ethereum has two kinds of accounts. Externally owned accounts (EOAs), the standard wallets most people use, are controlled by a private key and can do little more than send transactions. Smart contract accounts can run …
$8 Million Crypto Kidnapping Lands Texas Brothers 15-Year Prison Terms
Two Texas brothers have been sentenced to a combined 326 months in prison for a violent home-invasion robbery in which they held a Minnesota family at gunpoint for hours and forced the father to hand over more than $8 m…
BNB Price Prediction: Could Hack Fallout Push BNB Toward $600?
The post BNB Price Prediction: Could Hack Fallout Push BNB Toward $600? appeared first on Coinpedia Fintech News BNB has taken a brutal hit, and the damage could extend beyond today’s sell off. Following a reported $6.3…
Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
Binance is working with the FBI and U.S. Secret Service after hackers stole $6.4 billion from the cryptocurrency exchange, as Circle joins the recovery effort by freezing more than $800 million in assets connected to th…