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FTX sues Binance and former CEO Zhao for $1.8 billion received as part of a ‘fraudulent’ share deal

The estate of defunct crypto exchange FTX filed a suit against Binance and its former CEO ChangPeng Zhao seeking to recoup almost $1.8 billion FTX alleges was “fraudulently” transferred to Binance and executives by Sam Bankman-Fried as part of a share deal. I…

2024-11-11 20:47:33

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Bitcoin inches closer to $100,000. Will this be the week?

The cryptocurrency market is buzzing with anticipation as Bitcoin hovers tantalizingly close to to the elusive $100,000 milestone.Read more...

2024-11-25 16:03:00

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U.S. Treasury Advisory Panel Says Tokenization Could Be Big, But May Need Central Control

The U.S. Treasury Department's panel of Wall Street advisers see the tokenization of U.S. debt and other assets providing some significant potential advances, the group contended in a new report – while also envisioning an inevitable need for the kind of heav…

2024-10-30 20:42:10

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Why the US under Trump might start amassing bitcoin, and what that means for its price

Crypto bulls are eager to see Trump establish a "bitcoin strategic reserve." - Supporters say the US could manage its debt if it buys and holds bitcoin now. - Yet, sources tell BI they expect obstacles to making the reserve happen. Donald Trump's rise as the …

2024-11-24 14:57:53

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Critical bug in Cisco UWRB access points allows attackers to run commands as root

Cisco fixed a critical flaw in URWB access points, allowing attackers to run root commands, compromising industrial wireless automation security. Cisco has addressed a critical vulnerability, tracked as CVE-2024-20418, that could be exploited by unauthenticat…

2024-11-07 06:17:16

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Bitcoin ETFs Witness Third Highest Outflow Since Launch, the Other Two Times Foreshadowed Price Bottoms

U.S. spot-listed ETFs saw their third biggest outflow since launch, over $400 million. - Each time we see an outflow greater than $400 million, we have seen a local bottom in price, which can be seen on May 1 and Nov. 4. During yesterday's trading, bitcoin wi…

2024-11-15 10:17:42

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