Binance says hackers accessed some user API keys, 2FA codes, and stole 7,000 bitcoins worth ~$41M; it will use its Secure Asset Fund for Users to cover the loss — Hackers stole more than 7,000 bitcoin from crypto exchange Binance, the world's largest by volume, the startup reported Tuesday. And with the price of bitcoin once again on the rise (the ultimate barometer of interest in crypto), that figure is sure to climb. Critics of the deals argue the new structure resolves none of the inherent flaws of the old structure (vulnerability to hacks and - oh yeah - outright fraud, to name a few). “But Mr. Kedrosky is unconvinced. He said most venture capitalist blogs were ‘insincere,’ and that the few times the scribes provided interesting material they wound up getting criticized or issuing a retraction. ‘There’s zero incentive to tell the truth,’ said Mr. Kedrosky, who, apart from his academic research, is a partner with the venture capitalist firm Ventures West.” Leave ... The price of bitcoin had skyrocketed that year from about $13 to more than $1,000, and in January 2014, Overstock became the first major retailer to accept bitcoin as payment. Before long, Byrne began tapping Overstock’s balance sheet to fund bigger and bigger blockchain initiatives. The crown jewel: a digital stock exchange called Tzero, which is seeking to allow investors to trade so ... Paul Kedrosky / @pkedrosky: We're now at the part of the Uber-broke-price-before-IPO-actually- traded where all the wise guys finsplain how it's all Morgan Stanley's fault. Uh-huh. Uh-huh. Eliot Brown / @eliotwb : well, it's good for Uber and Lyft that they raised >$10 B from IPO investors at prices above what the market now values them Written by kuva on 31.10.2020 Forex Trading Journal Hipster Pipster Foreign Currency Trading Planner designed to take your trading to the next level. Log entry and exit, track management and review trades. Forex Trading Journal Hipster Pipster Foreign Currency Trading Planner designed to take your trading to the next level. Log entry and exit, track management and review trades. Forex Trading Journal Hipster Pipster Foreign Currency Trading Planner designed to take your trading to the next level. Log entry and exit, track management and review trades.
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