CRYPTO CURRENCIES
'A trite provocation': North Korea denies involvement in $6 billion Binance hack, criticizes FBI probe
North Korea has rejected the claims of its involvement in the recent Binance cryptocurrency theft exceeding USD 6 billion. The FBI had accused North Korean hackers of orchestrating the heist, linking it to previous cyber incidents. Kim Yo Jong noted that the US has a history of making such accusations against North Korea.
Binance’s $6.3 billion hack dwarfs Bybit's $ 1.5 billion breach: Is cryptocurrency theft getting bigger?
Binance has recently reported a major security breach impacting approximately $6.3 billion in digital assets. After the hack, the exchange temporarily suspended withdrawals while assessing their security systems. Hackers allegedly linked to North Korea have raised concerns about the effectiveness of security measures in cryptocurrency exchanges. Investigators are working to trace the stolen funds and recover as many assets as possible.
Bitcoin rattled by biggest crypto heist in history! Why Warren Buffett and Charlie Munger hated cryptocurrency
A reported $6 billion crypto heist at Binance has rattled investors and revived concerns about cryptocurrency risks. Binance said its initial investigation pointed to a compromised DevOps engineer’s laptop, which may have enabled unauthorised withdrawals. The FBI blamed North Korea for the attack, while Binance said it would cover the losses.
Dollar rangebound ahead of US midterms; bitcoin reels from crypto heist
Major currencies remained steady as traders evaluated the upcoming US midterm elections and significant economic data. Bitcoin and Ether experienced losses after a major security breach at Binance, raising investor concerns. The euro hovered near a 17-month low following Fitch's revision of France's outlook to negative. Hedge funds reportedly faced significant losses that could limit market reactions to election results.
Crypto cards enter RBI's radar as Indians use offshore wallets for everyday payments
Offshore crypto cards that allow Indian residents to spend digital assets on domestic purchases and withdraw cash have come under the scrutiny of the RBI and Financial Intelligence Unit. Several users have reported card deactivations in recent days, while authorities are understood to be examining potential violations of payment regulations and FEMA.
What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft
Binance says hackers stole more than $6 billion in what is being described as the largest cryptocurrency heist on record, with blockchain intelligence firms linking the attack to North Korea’s TraderTraitor hacking unit. The exchange has set aside $6.34 billion to cover losses, frozen about $3 billion in affected assets with partners and says it will reimburse users while investigators trace the stolen funds.
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Who are the hackers suspected in Binance's $6.3 billion crypto theft? Are they state-backed groups?
Binance's $6.3 billion hack: The $6.3 billion theft from Binance, the world's largest cryptocurrency exchange, has drawn attention to North Korea's suspected role in major cyberattacks. Blockchain intelligence firms believe a North Korean hacking group called TraderTraitor was behind the incident. However, Binance has not confirmed the identity of the attackers, and investigations are still underway.
Crypto's biggest-ever heist: How hackers stole $6.3 billion in Binance in just 20 minutes
Binance, on Friday, reported a significant security breach that resulted in the theft of $6.3 billion in cryptocurrencies. An initial investigation revealed that a compromised laptop enabled unauthorized withdrawal transactions. Approximately half of the stolen assets were stablecoins, which issuers have reportedly frozen to limit the attackers' activities. Blockchain analysis firms suggested that the breach shares similarities with previous North Korean hacker operations.
Binance flags 'potential security issue,' says approximately $6.3 billion impacted
Binance is currently investigating a security incident that reportedly involves unauthorized transactions exceeding $6 billion. The company has stated that user funds remain secure despite the alarming situation. To mitigate risks, Binance has temporarily suspended all deposits and withdrawals on its platform. In collaboration with law enforcement, blockchain partners have already frozen a substantial amount of affected assets.
Who sent $2 bn military equipment to Iran past US blockade? More than 5,000 agencies
Iran has developed a clandestine network involving over 5,000 agencies to import military equipment and evade sanctions. This network functions despite ongoing US naval blockades and sanctions since the war began. Extensive investigations reveal significant transactions and military logistics supporting their activities. The secretive agencies have been linked to the Islamic Revolutionary Guard Corps and elite controlled businesses.
Binance hacked? Tether, Circle freeze USD 2.38 billion, Ripple holds USD 200 million after world's largest cryptocurrency exchange probes security issue, claim reports
Binance.US, a separate cryptocurrency exchange, said it was not affected by the security incident.
Parliamentary Committee on Finance to examine 46 economic issues, including virtual digital assets, AI, in FY'27
Parliament’s Standing Committee on Finance, chaired by BJP MP Bhartruhari Mahtab, has selected 46 subjects for examination in 2026-27, including artificial intelligence in finance, virtual digital assets, currency management and financial sector regulation.
A7 International: Global payments from crypto wallet to local fiat
Transactions across borders have always been a challenge, plagued by slow bank transfers, endless paperwork, and hidden fees. A7 International changes that by bridging the gap between crypto and traditional banking.
Zcash soars 3,000%: Why Bitcoin billionaires are betting on the privacy coin
Zcash has surged about 3,000% over the past year, attracting investment from the Winklevoss twins and Barry Silbert. Their mining operations and ETF plans are expanding as renewed interest in crypto privacy brings fresh attention to the token, alongside security and regulatory concerns.
Can Bitcoin hit $100,000 in the next 12 months? Michael Saylor’s 4-year bull run forecast explained
Michael Saylor believes Bitcoin could return to $100,000 within the next 12 months as a new bull market begins. The Strategy chairman sees a potential four-year rally, but admits the cryptocurrency’s six-figure comeback by the end of 2026 is far from certain.
Cryptocurrency companies can keep paying interest-like rewards, say federal bank regulators
The new rules are part of the implementation of the GENIUS Act, which was signed into law last year and was meant to codify the rules and regulations around issuers of stablecoins.
An Australian couple who retired and live in Queensland put $48,000 into Bitcoin in 2019. Four years later, they cashed out nearly $500,000
Terry and Justine Sanders invested $48,000 in Bitcoin in 2019 and cashed out nearly $500,000 four years later. The Queensland retirees’ success came during a period of sharp price swings. While their investment changed their lives, financial regulators warn that cryptocurrency can expose retirees to substantial losses when markets fall.
ED arrests Rakesh Kumar Gupta, chairman of media broadcast company in insolvency-linked case
Rakesh Kumar Gupta, chairman of Sadhna Group, was arrested under the Prevention of Money Laundering Act. The Enforcement Directorate claims he manipulated insolvency processes to settle large tax dues for a fraction of the owed amount. Allegations include substantial cash transactions linked to cryptocurrency and questionable payments to connected creditors. The court rejected Gupta's defense arguments and deemed the investigation lawful and necessary.
Stable institutions, steady pursuit of reforms will steer India to 2047 goal: Jean-Claude Trichet
India's journey to becoming a developed nation by 2047 hinges on institutional stability and sustained economic reforms. Former European Central Bank president Jean-Claude Trichet emphasizes the importance of resilient democratic institutions. He cautions against the risks posed by global over-indebtedness and market corrections. Trichet believes AI will bring challenges and benefits in the long run but highlights the need for global regulations.
Bitcoin vs gold: Why Cathie Wood feels cryptocurrency's 'turn is in' against the precious metal
Cathie Wood sees Bitcoin outperforming gold and predicts it could reach $1.5 million by 2030, driven by institutional adoption and AI. Bitcoin has recently outpaced gold, strengthening her bullish outlook. Her stance contrasts sharply with Warren Buffett’s longstanding criticism of cryptocurrency, which he has described as highly speculative and risky.
Barber finds bag full of over USD128,000 at Bank of America ATM. Man's next action will draw your awe
Police authorities found out that cash was belonged to Bank of America and was sent to the bank through vendor Brinks.
Parliamentary panel may recommend stricter monitoring of crypto transactions in India
A committee in Parliament is in the process of exploring the legal avenues for regulating cryptocurrency transactions and assets within India. They aim to identify technological strategies for tracking these digital assets responsibly. Highlighting the government's earlier stance on cryptocurrencies as unregulated and risky, recent notices under the Prevention of Money Laundering Act have been dispatched.
RBI remains cautious on crypto, backs underlying technology: Governor Sanjay Malhotra
India's cautious approach towards cryptocurrencies emphasises the importance of underlying technologies like distributed ledger and tokenisation. RBI Governor Sanjay Malhotra expressed concerns regarding monetary sovereignty and its effects on capital flows. While domestic payments are efficient, challenges remain in cross-border transactions, which may benefit from central bank digital currencies. The rising public debt and bond yield movements reflect the increased spending attributed to artificial intelligence.
Why is Bitcoin price up today? BTC rebounds to $86,682 as crypto-market gains
Bitcoin is trading at $86,682.15 after rising $3,234.06 over where it was this morning. The cryptocurrency is up 3.88% from yesterday, and up 12.13% from the same time last year. However, it continues to be down 28.13% from its price a year ago.
Bitcoin skyrocketed 750% since Warren Buffett called it 'rat poison' in 2018. Why was he cautious?
Bitcoin has surged around 750% since Warren Buffett called it “rat poison squared” in 2018, despite his longstanding concerns about cryptocurrencies. The digital asset has since hit record highs above $126,000, driven by growing institutional and investor interest, before correcting sharply. Here’s why Buffett remained cautious about Bitcoin.
Redefining global finance: Emergence of alternative payment infrastructure
Chairman of PSB Bank Petr Fradkov, in an interview with RBC, discusses what is happening in one of the most closed sectors of the economy, cross-border payments, and how the A7 international payment system operates, which essentially lacks international payments.
Binance buys $100 million stake in Circle, expands partnership
Circle said on Tuesday that Binance has purchased a $100 million stake in the stablecoin issuer, deepening the crypto exchange's ties with the company behind USDC, a major dollar-pegged token. Circle shares were last up nearly 2% in premarket trading.
Global Market: ECB launches blockchain payment service, to invest in digital securities
The European Central Bank launched Pontes, a new service connecting its payment infrastructure with blockchain markets for euro settlements. The ECB also plans to invest a portion of its EUR 23 billion own funds in digital securities, while developing a retail digital euro targeted for a 2029 release.
How Fed rate hike can impact Bitcoin and other crypto investors
The Fed’s rate hike could keep pressure on Bitcoin and other cryptocurrencies by raising the appeal of safer assets and limiting cheap funding. ETF outflows, tighter liquidity, inflation risks and potential further hikes may shape investor demand. For Indian investors, currency movements add another layer to Bitcoin’s dollar-price volatility.
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