Digital banking group GoTyme is laying the groundwork for an initial public offering (IPO) over the next three to five years, aiming for a market valuation exceeding $15 billion before tapping public markets. Majority-owned by billionaire Patrice Motsepe’s African Rainbow Capital (ARC) Investments, the digital lender continues to expand its customer footprint across emerging markets…
Brookfield is targeting a massive artificial intelligence data center in the north of England, as Europe scrambles to develop infrastructure to support the rollout of AI amid high energy and land costs. Energy company Drax Group said Tuesday it has signed an agreement with Brookfield and the asset manager’s neocloud platform Radiant to jointly develop…
Cfoto | Future Publishing | Getty Images Binance said it recorded $3.64 billion in net outflows after reopening withdrawals on Sunday following a $6.3 billion hack, as customers rushed to move funds off the platform. The exchange processed $4.65 billion in withdrawals and $1.01 billion in deposits between 6 a.m. and 3:30 p.m. UTC on…
Visual China Group | Getty Images Binance said Saturday that it has covered up to 90% of the roughly $6.3 billion in token assets stolen from its hot wallets in a record crypto theft announced Thursday. Separately, the FBI said late Saturday that it has determined North Korea was responsible for the theft. Binance said…
A U.S.-based blockchain intelligence firm said a North Korean cyber unit was likely behind an attack that stole $6.3 billion from Binance, the world’s biggest cryptocurrency exchange. Binance said on Friday that deposits were unaffected, while withdrawals were suspended and are expected to resume in the next day or two. The company, which worked with blockchain…
Binance said Friday that a security incident impacted about $6.3 billion in client assets, with around $3 billion frozen on-chain, marking the largest crypto hack on record. The company later added it began recovering assets impacted by the breach after pledging to cover losses using its Secure Asset Fund for Users, which the company created…
Shares of Google parent company Alphabet sank on Thursday by as much as 15.8%, putting the company on course for its worst single-day drop in history. The plunge also instantly wiped out more than $550 billion in market capitalization, also ranking as the company’s worst one day market value loss ever. It also ranks as…
Google parent company Alphabet reported third-quarter financial results that missed Wall Street targets, driven by slowing search advertising growth and a sharp acceleration in capital expenditure for artificial intelligence infrastructure. The results prompted a 10% decline in after-hours trading, reflecting growing investor concern over elevated spending timelines and core revenue pressure. Read: Apple unveils 2026…
COP17 | UN biodiversity summit faces final-day deadlock over $700 billion finance gap and corporate contributions COP 17 President Hambardzum Matevosyan, Minister of Environment, Armenia. PHOTO/IISD/ENB – Mike Muzurakis. By PATRICK MAYOYO [email protected] The 2026 United Nations Biodiversity Conference (COP17) is heading towards its conclusion on Friday amid unresolved disagreements over biodiversity financing, corporate contributions, benefit-sharing…
The war with Iran has cost the U.S. military at least $47.1 billion as of mid-October, according to a new estimate from U.S. Central Command obtained by CBS News. The bulk of the war’s price tag is the cost of replacing expended munitions, which CENTCOM pegged at around $29 billion, according to the latest estimate,…
