Binance Hack Siphons Off $110 Million, Helium Spars With Binance Over Delisting

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Today's News

Welcome to Crypto Daily News, your leading source for cryptocurrency and blockchain news. In today's edition, we've got stories on the Binance hack, Helium's dispute with Binance, and the US jobs report. We also have a report on Visa's launch of crypto debit cards, and a look at what the Black Plague can teach us about today's jobs report. So sit back, relax, and enjoy the show!

Outline

The Binance cryptocurrency exchange has announced that it has lost over $100 million worth of cryptocurrency to hackers.
The Helium crypto unicorn, backed by a16Z, is sparring with Binance over delisting.
US stocks tumbled after a strong jobs report bolstered the Fed's hawkish position.
Nasdaq plunged nearly 4% as US stocks sold off after a strong jobs report solidified the outlook for another big rate hike.
The best latex clothing for making Trinity proud.
Crypto: the $568 million theft from the Binance blockchain is just one of many cross-chain hacks this year.
If you invested $1,000 in Bitcoin in 2013, this is how much you'd have now.
Why Bitcoin, Ethereum, and Dogecoin are falling today.
Can Shiba Inu help you retire early?
Can Ethereum reach $5,000?
RBI to soon launch digital rupee on pilot basis for limited use.
Bitcoin's support near $20,000 has been 'astounding,' says expert.
Can your financial advisor give advice on crypto?
Binance hack siphons off $110 million.
Helium, the a16Z-backed crypto unicorn, spars with Binance over delisting.
Morning Docket: 10.07.22.
A detailed Bitcoin options strategy: halve your losses and 2x your return.
Will comatose Bitcoin market come alive after NFP data?
Bitcoin miner Argo Blockchain raises $27M to ease liquidity pressures, shares plunge 15%.
First Mover Americas: it's payrolls day again, and Bitcoin holds tight near $20K.
Market Wrap: Bitcoin, other risk assets fall again following disappointing jobs data.
US jobs growth slows less than expected; Bitcoin slips from $20K.
US officials charge California resident with using Bitcoin to launder $5.3M in drug proceeds.
First Mover Asia: the crash of Three Arrows Capital's starry night portfolio shows NFTs' lack of staying power; Bitcoin regains $20K after earlier drop.
Valkyrie Funds, Ark Invest say crypto has hit ‘bottom’ amid recession woes.
What the Black Plague can teach us about today's jobs report.
Powell's interest-rate antibiotics could succeed, but not without risk.
Drivechain could ossify Bitcoin's blockchain for good.
You are responsible for introducing those around you to Bitcoin.
Visa launches Bitcoin, crypto debit cards in 40 countries in FTX partnership.

Binance Says $100 Million of Crypto Produced Out of Thin Air by Hackers

Binance estimates roughly $100-$110 million worth of its cryptocurrency BNB was taken by unknown hackers on Thursday, according to a tweet from CEO Changpeng Zhao, considerably less than the $566 million originally estimated. But don’t worry if you’ve got an …

Helium, the a16Z-backed Crypto Unicorn, Spars With Binance Over Delisting

A token created by Helium, a much-hyped crypto project hailed as one of the best use cases of Web3 technology, will be partially delisted from major cryptocurrency exchange Binance amid reports of poor revenue and misleading marketing at its parent company, a…

US stocks tumble after another strong jobs report bolsters Fed's hawkish position

The US economy added 263,000 jobs in September, ahead of consensus expectations for 255,000 in new jobs added, and the unemployment rate fell to 3.5%.

Nasdaq plunges nearly 4% as US stocks sell off after strong jobs report solidifies outlook for another big rate hike

"Today's job report indicates the job market keeps chugging along - and the Fed has more work to do," CIBC's David Donabedian told Insider.

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The Best Latex Clothing (for Making Trinity Proud)

Whether you're cracking whips in the bedroom or selecting a lowkey horny ‘fit for brunch, latex clothes giveth.

Crypto: $568 million theft from Binance blockchain just one of many cross-chain hacks this year

Around $2 billion in cryptocurrency has been stolen in 13 different cross-chain bridge hacks in 2022, shows a Chainalysis estimate.

If You Invested $1,000 in Bitcoin in 2013, This Is How Much You'd Have Now

The top cryptocurrency has been a huge winner for its earliest adopters.

Why Bitcoin, Ethereum, and Dogecoin Are Falling Today

The Labor Department's September jobs report disappointed the market.

Can Shiba Inu Help You Retire Early?

Shiba Inu isn't about fundamental analysis or intrinsic value; it's about turning far-fetched memes into 10-fold dreams.

Can Ethereum Reach $5,000?

Three key factors could determine whether Ethereum breaks through the $5,000 price level.

RBI to soon launch digital rupee on pilot basis for limited use

The RBI said that the purpose behind issuing the concept note is to create awareness about CBDCs in general and the planned features of the Digital Rupee.

Bitcoin's Support Near $20,000 Has Been 'Astounding,' Says Expert

Bitcoin prices have been showing strong support close to the $20,000, a development that cryptocurrency expert Tim Enneking described as "astounding." Will bitcoin retain this stability? Analysts weigh in.

Can Your Financial Advisor Give Advice On Crypto?

Some financial advisors may be reluctant to recommend cryptocurrencies. Find out how to vet yours and what to do if your advisor is resistant to crypto investing.

Binance Hack Siphons Off $110 Million

Cross-chain bridge bug exploits again at the center of a major theft.

Helium, The A16Z-Backed Crypto Unicorn, Spars With Binance Over Delisting

Binance told Forbes it delists tokens to protect its users, and periodically reviews “each digital asset we list to ensure that it continues to meet a high level of standard.”

Morning Docket: 10.07.22

* Biden just mass pardoned everyone convicted of weed possession in DC. Next, the world! [CNBC] * Delaware's Supreme Court to soon decide the constitutionality of mail-in voting. Prepare your parcels! [Delaware Online] * Nothing says Biglaw like dropping coin…

A Detailed Bitcoin Options Strategy: Halve Your Losses And 2x Your Return

Bitcoin investors can minimize their losses by 50% by using a covered call strategy. Learn how this strategy works and how to navigate its risks.

Will Comatose Bitcoin Market Come Alive After NFP Data?

Bitcoin has returned exactly 0.0%, on average, on NFP days in 2022, but picture changes during the week after the data release, past data show.

Bitcoin Miner Argo Blockchain Raises $27M to Ease Liquidity Pressures, Shares Plunge 15%

London-based bitcoin miner Argo Blockchain has raised $27 million after agreeing to issue 87 million shares to a sole investor.

First Mover Americas: It’s Payrolls Day Again, and Bitcoin Holds Tight Near $20K

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 7, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Market Wrap: Bitcoin, Other Risk Assets Fall Again Following Disappointing Jobs Data

Investors are nervous about rampant inflation prompting yet another massive rate hike by the Fed, and the economic damage that might cause. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

US Jobs Growth Slows Less Than Expected; Bitcoin Slips From $20K

The monthly employment situation report, released by the Labor Department, has become one of the most important economic indicators to watch as the Federal Reserve evaluates the state of the economy.

US Officials Charge California Resident With Using Bitcoin to Launder $5.3M in Drug Proceeds

Federal officials alleged that John Khuu sold fake drugs for cryptocurrency, making over $5 million in the process.

First Mover Asia: The Crash of Three Arrows Capital’s Starry Night Portfolio Shows NFTs' Lack of Staying Power; Bitcoin Regains $20K After Earlier Drop

The collection, now valued at $840,000, is worth a fraction of the $21 million that the troubled hedge fund spent in assembling it; BNB falls after reports of an exploit.