$6 billion stolen from world’s largest crypto exchange

The world’s largest cryptocurrency exchange Binance has suspended withdrawals after being hacked.

How T7X Is Building the Infrastructure for a New Era of Capital Markets

T7X records ownership directly on-chain instead of wrapping assets held elsewhere, keeping token and asset under one legal framework.

Business

Saudi consumer spending holds above $3bn as jewelry sector sees rise

RIYADH: Saudi Arabia’s consumer spending remained above $3 billion in the week ended Oct. 24, with outlays on jewelry jumping 19.6 percent, official data showed. The Kingdom’s point-of-sale transactions totaled SR11.78 billion ($…

Crypto

Binance Hacker Hunts for Exit Ramps as DeFi Exchanges Pause Markets

Etherscan records show wallets tied to the suspected Binance hack swapping freezable stablecoins for Ethereum on decentralized exchanges.

Business

Coinbase Swings to $719 Million Q3 Profit on Crypto Gains

Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, as revenue held flat at $1.22 billion.