Money
Expert advice on saving, spending, borrowing, investing and everything in between.
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Binance Announces Temporary Pause on U.S. Bank Transfers
The world’s biggest crypto exchange, Binance, is set to halt transfers to and from U.S. bank accounts beginning Wednesday, February 8. The company tweeted out confirmation of the USD bank transaction suspension on Monday, following early reports from multiple news outlets.
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FTX Ruined Their Fortunes, but Guy in Charge of Bankruptcy Says Some Stakeholders Want a Round 2
When Snow White bit the poisoned apple, she fell into a deep coma. The folks who bought into the promise of the failed crypto exchange FTX were much like our young Ms. White. They were all assured that putting their digital currencies on the crypto exchange would make their dreams come true. Now all those…
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Insurance Company Offers First-Ever ‘Cyber Catastrophe Bond,’ Which Seems About Right
This week, London-based insurance giant Beazley announced the launch of the first ever “catastrophe bond” for cybersecurity insurance. Given how disastrous the average cyberattack has become, that pretty much tracks.
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FTX Execs Plead Guilty While Throwing Sam Bankman-Fried Under the Bus
Two executives connected to FTX, the bankrupt cryptocurrency exchange once valued at $US32 ($44) billion, have pleaded guilty to criminal charges, according to U.S. Attorney Damian Williams, who made the announcement in a video statement released online late Wednesday. And that’s really bad news for FTX co-founder Sam Bankman-Fried, because the executives are saying they…