NEW ECONOMY

Binance has spent half its SAFU bitcoin, about $580 million worth, data shows

The user protection fund now sits below the $800 million level that Binance’s own rules say triggers a top-up, and the exchange hasn’t said when it will refill it. Source link

Crypto.com to Shut Hong Kong App in February

Crypto.com will discontinue its consumer app services in Hong Kong on Feb. 1, 2027, while continuing to pursue regulatory approval for its institutional exchange.On Monday, the company confirmed the shutdown to Bloomberg, saying affected customers had been notified and...

South Korea Urges More Cold Storage After Binance Hack

South Korea’s Financial Services Commission has urged domestic crypto exchanges to increase the proportion of assets held in cold wallets after the $6.3 billion attack on Binance last week. In a statement Monday, the FSC said it held an emergency...

Binance Hack Funds Spread Across 12,000 Wallets in Under Four Days

Key TakeawaysThe operation used roughly one new wallet every 25 seconds.Elliptic found conventional automation rather than evidence of AI agents.About $3.24 billion remained in theft-linked addresses as of Nov. 2. Thousands of Wallets Expand the Laundering Trail Crypto assets...

My Layoff Was a Blessing in Disguise. The Business I Started on Instagram Is on Track for $168,000 This Year. 

Key Takeaways In 2022, Morris took interior design classes and started her business on the side.A 2024 layoff motivated Morris to go all-in and lean into designing for historic properties.She saw about $48,000 in take-home pay year one and...

ZachXBT Reports $106M Crypto Theft Involving Exchange Accounts

An unidentified entity in the European Union may have lost more than $106 million from accounts at multiple cryptocurrency exchanges on Sunday, according to blockchain investigator ZachXBT.In a Monday post, ZachXBT said funds suspected to have been stolen were...

A 30-Year-Old Ballerina-Turned-Billionaire Says to Avoid This Common Trap While Starting Your Own Business

Key Takeaways Luana Lopes Lara is a former ballerina, an MIT graduate and the world’s youngest self-made female billionaire.She made her fortune by co-founding Kalshi, a prediction market exchange that allows users to bet on everything ranging from weather to...
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Missing 11-month-old baby found buried alive in a crate in South Carolina

Comer was seen travelling to multiple locations without the baby and was later arrested in Lexington County without Sharpe....
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