A war room. A global conference call. A founder who live-posted about the largest crypto heist in history. Inside a frantic 24 hours at the world’s biggest crypto exchange.
Category: Banking and Financial Institutions
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How Binance’s $6.3 Billion Hack Went Down
The New York Times – Business: -
Wanted: New Central Bank Chief. Expertise and Political Acumen Required.
The New York Times – Business:The looming departure of the European Central Bank’s president, Christine Lagarde, has set in motion a high-stakes search for her successor.
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Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era
The New York Times – Business:The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds.
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Binance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in Losses
The New York Times – Business:The world’s largest crypto exchange suspended deposits and withdrawals after an apparent hack.
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Binance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in Losses
The New York Times – Business:The world’s largest crypto exchange suspended deposits and withdrawals after an apparent hack.
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Christine Lagarde to Step Down as President of European Central Bank
The New York Times – Business:Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president.
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In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation
The New York Times – Business:Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.
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Fed Holds Rates Steady Despite Lack of Progress on Inflation
The New York Times – Business:Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.
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Fed Will Hold Fewer Rate-Setting Meetings Starting Next Year
The New York Times – Business:Kevin M. Warsh, the Federal Reserve’s chairman, said the central bank would vote on interest rates seven times in 2027 and six in 2028. It has traditionally voted eight times per year.
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Trump’s Push to Fire Fed Governor Lisa Cook Looms Over Warsh
The New York Times – Business:Lisa D. Cook, a Fed governor, is set to face an unorthodox, private hearing over allegations of mortgage fraud she has consistently denied.
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China Steps In to Rescue Stocks, But the Market Continues to Fall
The New York Times – Business:The Communist Party uses a “national team” of state-owned investment funds to stem the market rout. But this time, investors are not sure it will work.