The US$6.3-billion raid on Binance this week was not, as far as anyone can tell, an AI-powered attack. But as AI gives attackers faster, cheaper tools, it raises the question of whether any crypto exchange can credibly promise customers that their funds are safe. Binance, the world’s largest crypto exchange, has temporarily suspended withdrawals and…
The $2.3 billion initial public offer of shares in India’s National Stock Exchange has received a frenzied response from investors, drawing bids worth more than $10 billion despite its hefty price-to-earnings multiple, which values it above several U.S. stock exchange businesses such as Nasdaq. Driven by strong demand from institutional and high-net-worth buyers, the NSE…
Two people died when Russian drones hit a border crossing between Ukraine and Moldova, Ukrainian President Volodymyr Zelensky has said. The Starokozache crossing was shut after the overnight attack. Images from the scene show several burnt-out cars amid the debris. In Kyiv, a woman was killed and 14 people, including two children, were injured after…
The company runs a betting exchange in the UK and also operates in Ireland, Malta, Sweden and in Indiana, United States. Courtesy: Smarkets Smarkets, a UK-based betting exchange, is making its way into the U.S. by pursuing two separate avenues. The company, which was founded in 2008, filed for a license with the Commodity Futures…
ZARP Stablecoin co-founder Simon Dingle South Africa should scrap exchange control altogether, according to Simon Dingle, co-founder of rand stablecoin ZARP, who said the country’s capital controls have achieved the opposite of what they were designed to do. “Ultimately, South Africa has to abolish foreign exchange control,” Dingle told TechCentral. “Unfortunately the damage has already…
Iran responded to a fresh wave of strikes from U.S. forces over the weekend by launching an attack on American military bases in several Gulf states, deepening a standoff over the strategically vital Strait of Hormuz. The latest exchange casts further doubt over the future of the interim peace agreement signed last month, a deal…
Bridge Bank Group Côte d’Ivoire launched an initial public offering on the BRVM, offering 10 million shares at 6,750 CFA francs each in one of the regional exchange’s largest listings in recent years. The sale represents 20% of the bank’s capital and is expected to raise 67.5 billion CFA francs, or about $118 million. The…
The US has conducted new strikes on Iran, following a drone attack on a Panama-flagged vessel in the Strait of Hormuz on Saturday. US Central Command (Centcom) said it hit multiple targets across Iran in direct response to “continued aggression” against commercial shipping. In retaliation, Iran’s Islamic Revolutionary Guard Corps (IRGC) said it has launched…
Iran says it responded to US strikes by targeting American assets in Kuwait, Jordan and Bahrain, which reported damage to its capital city overnight.
The US military strikes Iranian drones and radar sites and Tehran says it has targeted US bases in Kuwait and Bahrain.
