Michael Saylor expects the crypto industry to strengthen security after Binance’s $6.3 billion hack. The Strategy executive chairman also backed the exchange’s commitment to use its own balance sheet to make customers whole. Saylor Sees Lessons From Binance Security Failures Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor said on Oct.
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This week’s stories spanned exchange security, prediction markets, bitcoin treasury risk, earnings and tokenization. Binance investigated a potential multibillion-dollar hack, while Kalshi raised another $1 billion at a $40 billion valuati…
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The crypto exchange said it has begun phased withdrawals after the record hack the FBI has blamed on North Korea.
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Circle’s second-quarter accounts trace $701.315 million in revenue and reserve income to $48.214 million in net income, after distribution costs, operating expenses and taxes.
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Despite the recent hack that affected Binance, causing over $6 billion in losses to the company, industry leaders still believe that the cryptocurrency market might benefit from a downturn in the U.S. tech/AI equity sector, with investors …