Search results for Reuters
Crypto
FBI says North Korea\'s TraderTraitor behind Binance hack; Binance restores 90 percent of losses
Binance, the world\'s largest cryptocurrency exchange, has replaced $6 billion of the $6.3 billion stolen in a hack using company funds, Reuters reported. The exchange said on X it had already restored $6 billion, with less than 10 percent remaining because the assets are low liquidity and may take time to obtain. Reuters said the buybacks drew on parts of its $1 billion SAFU user protection fund, a futures insurance fund and company funds.
Crypto
Lagarde early resignation draws crypto industry criticism
European Central Bank President Christine Lagarde announced she will step down on Feb. 7, 2027, about nine months before her term ends. Her decision triggered criticism from the crypto industry, including Gemini co-founder Tyler Winklevoss, who said her legacy would be failing to fight cryptocurrencies. Lagarde has repeatedly expressed negative views on crypto, calling bitcoin speculative and warning of illegal use. The next ECB president will be chosen by the European Council.
Crypto
Bitcoin rises as China tech stocks slide, raising risk of broader market shock
China technology stocks plunged, wiping out about $480 billion in market value, while bitcoin rose about 27 percent over the same period. The STAR50 index fell nearly 40 percent from July 9 to Oct. 26, while bitcoin gained 26.6 percent. But bitcoin’s daily return correlation with the Nasdaq 100 rose to about 0.63. The report cited leverage and cross-market selling pressure as potential risks.
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Industry
CXMT to begin HBM3E mass production despite low yields
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Telecommunications & Media
Suspicions raised over Israeli ad firm\'s monitoring of Starlink users
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Mobility
Chery weighs U.S. market entry strategy without Chinese parts
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AI & Enterprise
Unitree halves, CXMT slumps as China AI stock bubble has already burst
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AI & Enterprise
Cadence unveils \'Maestro\' AI models for chip design using Nvidia Nemotron
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AI & Enterprise
Cohere says Alibaba AI model tried to secretly send data to Beijing server during test
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AI & Enterprise
Anthropic\'s Claude bypasses paid service without permission to access Georgia voter data
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AI & Enterprise
Japan financial services firm GMO to pay 5,000 yen to all customers after hack
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AI & Enterprise
Musk says SpaceX raised $40 billion in debt to buy GPUs, warns neocloud shakeout
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AI & Enterprise
IBM shares slide 6.5 percent pre-market as software rebound seen aided by deferred contracts
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AI & Enterprise
Security fears spread after flaws found in PHP, Node.js and LiteLLM
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Crypto
Bitcoin holds $80,000 as stablecoin payments spread
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AI & Enterprise
Sam Altman sees AI race endgame in international oversight, industry consolidation or dominance by one company
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AI & Enterprise
Elice shares whipsaw after listing, focus on differentiation from CoreWeave
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AI & Enterprise
Modal to adopt Nvidia\'s Vera CPU, says AI agent workloads double