finance
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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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Genesis Joins the Crypto Lender Graveyard With Chapter 11 Bankruptcy Filing
Genesis, one of the largest crypto lending firms in the space finally filed for Chapter 11 bankruptcy on Friday. Though Genesis managed to cling on to life for months longer than some of its largest competitors, recent market shake-ups and festering fallout from FTX’s collapse flung it over the edge. Now, the firm will join…
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Bill Gates Says He’ll Eventually Sell Everything He Owns to Fund His Philanthropies
Microsoft founder Bill Gates said he will donate a vast amount of his fortune to his philanthropic endeavours including much of the farmland he currently owns. Gates is currently the seventh richest man in the world with a net worth of $US103.6 ($144) billion according to Forbes, and he’s now pledging to give away most…
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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.