Binance says 2M BNB, worth ~$570M, were stolen from its BNB Chain in an exploit; “majority” of BNB are in the hacker's wallet, ~$100M worth were “unrecovered”
Then It Got Complicated The Guardian : World's largest crypto exchange hacked with possible losses of $500m Ephrat Livni / New York Times : Binance Blockchain Hit by $570 Million Hack, Exposing Crypto...
Facebook says it will invest $100M to support the news industry during COVID-19: $25M in emergency funding for local news and $75M in additional marketing spend
children are using Facebook Messenger Kids to deal with coronavirus isolation. Kids are getting a crash course on texting and social media with “technology on training wheels. https://twitter.com/... ...
WeWork files to raise $1B in an IPO, reports a $904M net loss on around $1.5B in revenue for first half of 2019
WeWork parent The We Company is about to achieve … Stephen Gandel / CBS News : WeWork IPO filing shows it's losing nearly $5,200 per customer Chris O'Brien / VentureBeat : WeWork IPO filing hypes tran...
New Jersey-based Basis, which aims to develop a “stable coin” that stays valued at ~$1 by altering supply, raises $133M from a16z, GV, Bain Capital, and others
but on what basis? Salil Deshpande : Basis: a Price-stable Cryptocurrency with an Algorithmic Central Bank Evelyn Cheng / CNBC : A billionaire hedge-fund manager and the Fed chair runner-up are invest...