coindesk 2 days ago

Binance says it has replaced 90% of stolen crypto after massive $6.3 billion bre...

Binance is absorbing all losses through corporate funds, futures reserves, and SAFU, keeping user balances intact.

coindesk 2 days ago

Institutions embrace crypto staking despite shrinking yields

Easier access and growing familiarity are encouraging investors to stake their tokens, while falling rewards and withdrawal delays...

coindesk 2 days ago

Uber tests how tokenization can put idle cash to work with HSBC, Franklin Temple...

The pilot let Uber keep funds invested in money market products while accessing cash for payments, even on weekends.

coindesk 2 days ago

The $6.3 billion Binance hack paradox: Centralization made the hack possible, bu...

The Binance hack has revived debates about whether decentralization is the digital asset industry’s greatest security advantage or...

coindesk 3 days ago

OpenAI reportedly cuts fundraising and valuation targets amid AI jitters

Anxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record high on October...

coindesk 3 days ago

Experts divided over Binance hack asset freezes, warn recovery is another matter

Tether, Circle and others moved within hours to block billions in stolen crypto, but legal experts question whether smaller victim...

coindesk 3 days ago

Binance arranges $6.34 billion to cover losses from record crypto hack

Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets.

coindesk 4 days ago

Binance hack drained wallets backing customer assets, reserve data shows

Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short...

coindesk 4 days ago

Binance loses $5.7 billion in 'biggest crypto hack in history'

Crypto prices are sliding on the news, with bitcoin falling back to $79,000.

coindesk 4 days ago

Multi-billion Binance hack hitting crypto markets

Crypto prices are sliding on the news, led by BNB coin, down 6% in the last hour.