Business
The people and companies shaping the crypto industry.
Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
Binance will cover every dollar lost in this week's hack with its own money, CEO Richard Teng said in a video address on Friday, adding that customer funds were never touched. "We are committed to covering all hacked losses through our company funds. Your assets are safe," Teng said, according to a transcript he tweeted. An update on the security incident. pic.twitter.com/qn2804fO5z — Richard Teng (@_RichardTeng) October 30, 2026 Binance has reserved more than $6.34 billion of company funds to...
Oct 29, 2026
Business
Justin Sun's HTX Agrees to Leave UK in Settlement With Financial Watchdog
Crypto exchange HTX is leaving the UK after settling a lawsuit brought by the Financial Conduct Authority over illegal crypto promotions, the regulator said on Thursday. The FCA said it had secured undertakings in the High Court that HTX, formerly known as Huobi, will not knowingly promote crypto services unlawfully to UK consumers. Huobi Global S.A., the Panama-registered company named as the first defendant, has undertaken not to communicate financial promotions in breach of UK law across HTX'...
Oct 28, 2026
Business
Bitcoin Treasury Datavault AI Says It Can’t Access Its BTC, Stock Tanks
Datavault AI shares fell more than 50% on Tuesday to close at $0.06, after the Nasdaq-listed company disclosed that it has been unable to withdraw Bitcoin from the crypto exchange Biconomy since June. The company also said four sets of its financial statements can no longer be relied upon. The disclosure came in a Form 8-K filed Oct. 26, in which Datavault said it requested a withdrawal to an external account in June and has been “unable to complete the withdrawal.” The filing does not explain w...
Oct 28, 2026
Business
More Americans Have Tried Crypto, But Few Are Sticking With It: Survey
More Americans have tried crypto than a year ago. Far fewer are still using it. Some 22% of U.S. adults say they have ever owned or used crypto, up from 18% in 2025, according to a national survey conducted by Ipsos for the DeFi Education Fund, a crypto policy advocacy group. But the share who used crypto in the past 12 months held flat at 13%. Myriad: Who will win the midterms? Click to make your prediction. The growth came almost entirely from people who have stepped away. Among Americans who...
Oct 28, 2026
Business
Strategy Shareholders Approve Daily Dividends on Preferred Stock, With 99.3% in Favor
Strategy shareholders have approved a plan to let the company's four preferred stocks accrue dividends every calendar day, including weekends and holidays, the Bitcoin treasury company's chairman Michael Saylor said on Wednesday. Preliminary results show 99.3% of votes cast were in favor of the amendment, which covers Strategy's STRF, STRC, STRK and STRD preferred stocks, according to Saylor. The vote took place at a special meeting of stockholders on Wednesday, the company said. $MSTR sharehol...
Oct 28, 2026
Business
JPMorgan, Coca-Cola Among 7 More Companies Objecting to OKX-ICE Tokenized Stocks
The pushback against OKX and ICE’s tokenized stock venue now includes the biggest bank in the U.S. JPMorgan Chase, Coca-Cola, and Dell Technologies are among seven companies added to OKXICE TSV’s list of objecting issuers in a notice dated Tuesday. Advanced Micro Devices, Adobe, Applied Materials, and Sandisk round out the group. The additions bring the total to 33, up from 26 a day earlier. Myriad: Which company will IPO next? Click to make your prediction. The list has grown quickly. It stood...