After a $6.3 billion hack, the company said it was going to reimburse customers who have losses.
Category: Regulation and Deregulation of Industry
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Binance was Hacked. What Protections Exist for Crypto Customers?
The New York Times – Business: -
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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Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?
The New York Times – Business:The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.
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Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?
The New York Times – Business:The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.
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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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Kennedy to Allow Broad Use of Unapproved Peptide Injections
The New York Times – Business:In a unilateral declaration by the health secretary, several injections promoted by online influencers will become widely available. The F.D.A. had advised against the move.
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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.
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5 Takeaways From Our Investigation of Trump’s Waivers for Polluters
The New York Times – Business:Chemical plants and other industrial facilities had been required to curb their toxic emissions. A New York Times investigation shows how they got out of it.
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Why Anger About Data Centers and Energy Prices May Not Swing Votes
The New York Times – Business:In Ohio, many voters say their frustration about the increase in electricity and fuel prices and the growth of data centers won’t influence whom they vote for.