Binance, the world’s largest cryptocurrency exchange, said it has resumed withdrawals after a record $6.3 billion was stolen from its digital wallets last week.

#binance #cryptocurrency

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“Nobody’s listening”: 5 things Americans told me about the economy that Washington needs to hear | CNN Business

Business & Economy

1w ago

“Nobody’s listening”: 5 things Americans told me about the economy that Washington needs to hear | CNN Business

From Cleveland to the Outer Banks, the cost-of-living crisis that will decide the midterms, in the words of the people living it.

#usa #washington #cleveland

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Notorious hacker says stolen crypto is like ‘holding a hot potato’ | CNN Business

Business & Economy

2w ago

Notorious hacker says stolen crypto is like ‘holding a hot potato’ | CNN Business

Ilya Lichtenstein, who was convicted for his involvement in a crypto money laundering conspiracy, says hacking an exchange can be easier than laundering the crypto.

#lichtenstein #ilya

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Americans may feel a bit spooked by Halloween prices | CNN Business

Business & Economy

2w ago

Americans may feel a bit spooked by Halloween prices | CNN Business

A group of college students walked into Lorenzo Caltagirone’s costume store in Washington, DC, earlier this week to dress up as yellow cartoon Minions for Halloween. Once they saw the price — $60 apiece — they opted for small accessories to get a similar look: goggles, gloves and hats.

#halloween #caltagirone #lorenzo

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The real question we should all be asking about AI | CNN Business

Business & Economy

2w ago

The real question we should all be asking about AI | CNN Business

The stock market is turning its back on Big Tech.

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Hackers just stole $6 billion in crypto in a matter of minutes. It’s not the first time, and it likely won’t be the last | CNN Business

Business & Economy

2w ago

Hackers just stole $6 billion in crypto in a matter of minutes. It’s not the first time, and it likely won’t be the last | CNN Business

For years, the crypto industry has tried to shed its affiliation with crime while marketing itself as a safe alternative to traditional banking and investing. But once again, a record-shattering heist is deepening concerns about crypto’s vulnerabilities.

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Wall Street sell-off continues as investors question returns on massive AI spending | CNN Business

Business & Economy

2w ago

Wall Street sell-off continues as investors question returns on massive AI spending | CNN Business

Wall Street braced for another steep day of losses Friday, with futures falling after the latest earnings from Big Tech reignited concerns that the massive spending on AI may not deliver the returns that investors expect.

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Big Oil is raking in huge profits. Shareholders like Trump are cashing in. You’re paying for it with high gas prices. | CNN Business

Business & Economy

2w ago

Big Oil is raking in huge profits. Shareholders like Trump are cashing in. You’re paying for it with high gas prices. | CNN Business

Big Oil minted money as the Iran war delivered American drivers the highest gas prices on record for the third quarter.

#trump #shareholders #iran

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Hennessy, horses and huge money: Inside the most important horse auction in the world | CNN

Business & Economy

2w ago

Hennessy, horses and huge money: Inside the most important horse auction in the world | CNN

The Keeneland September Yearling Sale is the world’s most important horse auction. Take a look inside the expensive heart of horse racing.

#hennessy #derby

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Hackers steal over $6bn in biggest crypto heist ever | CNN Business

Business & Economy

2w ago

Hackers steal over $6bn in biggest crypto heist ever | CNN Business

Hackers stole over to $6 billion in cryptocurrency on Thursday from crypto exchange Binance, shattering the record for the largest such heist as multiple investigators pointed the finger at North Korea.

#north-korea #cryptocurrency #binance

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Canada’s economic break with the US in 5 charts | CNN Business

Business & Economy

2w ago

Canada’s economic break with the US in 5 charts | CNN Business

For decades, the United States and Canada worked to build one of the world’s closest economic partnerships, with supply chains, businesses and trade increasingly intertwined.

#canada #united

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