Category: Crypto Currency
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Binance Faces $6.3 Billion Security Breach in One of Crypto’s Biggest Heists
The cryptocurrency industry faced a major security crisis on Friday after Binance, the world’s largest cryptocurrency exchange, reported a security breach with an estimated impact of $6.3 billion. The incident involved unauthorised transfers of digital assets from wallets used by the platform to process transactions, raising fresh concerns about the security of cryptocurrency exchanges. The…
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Strategy Builds $1.59 Billion Cash War Chest After $2 Billion Stock Raise
Strategy has raised approximately $2.01 billion through the sale of its common stock, creating a new $1.59 billion “USD Cash” pool that could give the Bitcoin-focused company greater flexibility over future investments, debt obligations, securities repurchases and potential Bitcoin purchases. According to the latest regulatory filing, Strategy sold 18,261,118 shares of MSTR between August 17…
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