NEW ECONOMY

Key TakeawaysTrump addressed the hack before the FBI attributed it to North Korea.North Korean actors converted stolen assets into ether, the bureau said.Binance reported 90% replenishment and targeted a Sunday restart. Trump Examines North Korea Link and Binance Assurances...

Binance said Saturday it had replenished 90% of the assets stolen in its $6.3 billion hack, up from 80% a day earlier, and remained on track to resume withdrawals Sunday.The exchange is using a combination of its corporate treasury,...

Bitcoin has held up better than expected following the $6.3 billion Binance hack, according to Strive CEO Matt Cole, who said the breach does not undermine the cryptocurrency’s long-term investment thesis.Speaking on Cointelegraph’s Chain Reaction on Friday, Cole said...

TL;DR: The company reported approximately $3 billion of affected assets frozen on-chain through coordination with issuers, investigators and other industry participants. Frozen tokens are not the same as recovered cash, and assets immobilized on-chain still require legal and technical...

Eighteen years ago today, pseudonymous cypherpunk Satoshi Nakamoto posted the Bitcoin whitepaper, Bitcoin: A Peer-to-Peer Electronic Cash System, to a cryptography mailing list.Created to bypass opaque institutions and remove the need for trust in financial transactions, Bitcoin (BTC) has...

Raymond Christian Garcia and Isiah Angelo Garcia, both of Waller, Texas, were sentenced to 180 months and 186 months in prison, respectively, for their armed robbery of cryptocurrency and kidnapping of a family in Grant, Minnesota.The brothers were sentenced...

In July, Accenture published guidance for companies alarmed by their AI bills. Avoid blanket usage cuts, it said. Don’t tell employees to use less AI. Route work to the cheapest model that does the job. It also noted that...

Chainalysis has engaged world-class third-party experts to support a review of its security and strengthen its defenses. Source link

Soon after the $6.3 billion hack of Binance, the biggest in crypto history, some political and administration figures began offering their opinions with a US election approaching on Nov. 3 and voting already having begun in many locations.President Donald...

Most employees don’t know what success looks like at work, and nearly two-thirds don’t feel cared for. Leaders can fix both. Source link