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World’s Largest Crypto Exchange Binance Suffers $570 Million Hack

Binance, the world’s largest exchange for cryptocurrency, has been a victim of a hack attack earlier this week. According to reports, the hackers managed to get away with $570 million in crypto before the attack was discovered and stopped. Changpeng Zhao, CEO of Binance, explained...

Crypto Billionaire Jihan Wu Setting Up Fund to Buy Distressed Bitcoin Mining Assets

Many Bitcoin miners are in the process of liquidating their mining assets in an attempt to deal with the plunging price of Bitcoin and high energy costs. This led to a depression in the value of mining rigs and crypto billionaire Jihan Wu and...

Bolt Scraps $1.5 Billion Purchase of Crypto Company Wyre

Bolt Financial Inc announced on Friday its decision to call off the $1.5 billion acquisition of cryptocurrency infrastructure provider Wyre Payments Inc. The online checkout company cited the plunging valuations of crypto and finance businesses as the driver for the abandonment of this decision. Following...

Coinbase CEO Says They “Try Not to Get Focused on Short-Term Ups and Downs”

It seems like the “crypto winter” isn’t going away anytime soon, but Coinbase CEO Brian Armstrong doesn’t seem to be worried about it at the moment. In a recent interview with CNBC, Armstrong said that crypto downturns are nothing unusual and that the crypto...

Bitcoin and Ethereum Begin the Week With a Slide

The period of volatility is far from over, as demonstrated by the world’s most popular cryptocurrencies, Bitcoin and Ethereum. Both coins have had an eventful weekend before opening the new week with a slide. Bitcoin dropped to $20,834.00 on Friday, its lowest since mid-July, before...

Companies are More Conservative About Investing in Crypto According to Bakkt

The recent crypto market struggles have left multinational companies more cautious about investing in cryptocurrency. This was revealed by Gavin Michael, CEO of crypto platform Bakkt, in a recent interview with Yahoo Finance Live. According to Michael, there is still a lot of interest from...