Business
The people and companies shaping the crypto industry.
Trump-Backed American Bitcoin Turns a Profit as Bitcoin Rise Lifts Books
American Bitcoin, the Trump-family-backed mining venture, swung to a roughly $126 million profit in the third quarter, a sharp reversal from the loss it posted three months earlier, as a jump in Bitcoin’s book value and disciplined accumulation powered its best showing yet. The Nasdaq-listed company, which trades under the ticker ABTC and is majority-owned by miner Hut 8, reported net income of about $126 million for the quarter ended Sept. 30, compared with a $57.2 million net loss in the secon...
Nov 3, 2026
Business
Brazil's Biggest Bitcoin Exchange Says It Will Refund Users After a $40 Million Hack
Brazil's largest crypto exchange says its users won't pay for its hack. Mercado Bitcoin, which lost tens of millions of dollars on Monday, says the losses are its problem, not its customers'. An exchange holds your coins the way a bank holds your cash, and when one gets robbed, the customers are often the ones left waiting to see what they get back. The exchange spotted a breach early on November 2 and froze deposits and withdrawals. “We identified and quickly contained a security incident in on...
Nov 3, 2026
Business
Elon Musk’s Tesla and SpaceX Block Their Stock From OKX-ICE Tokenized Venue
Two of Elon Musk’s companies are now keeping their shares off OKX and ICE’s planned tokenized stock venue. Tesla and SpaceX are among six new objecting issuers listed in an updated notice from OKXICE TSV dated Monday. Amazon, Netflix, Lam Research, and SoFi Technologies are the others. The additions bring the total to 56 companies. The list stood at 50 in the venue’s Oct. 30 notice, when Nvidia, Costco, and Nike led the biggest batch yet. That followed 38 on Oct. 28, after Walmart joined, and ni...
Nov 3, 2026
Business
Ethereum Privacy Network Aztec Rolls Out Major Security and Speed Upgrade
Aztec, the privacy-focused Ethereum layer-2 network, has rolled out a major upgrade that fixes a critical vulnerability from its previous version, doubles the speed of private transactions, and ushers in a wave of applications built to keep user data hidden. The Aztec Foundation said Tuesday that the upgrade, called Aztec Tierra and designated Alpha V6, delivers stronger security, formal verification of its proving system and faster deposits from Ethereum, alongside a refreshed brand. Aztec is a...
Nov 3, 2026
Business
North Korea Denies $6.3B Binance Hack, Calls FBI Finding a 'Political Provocation'
North Korea has rejected U.S. findings that it was behind the record hack of Binance, calling the FBI's attribution a "grave political provocation," Yonhap reported on Tuesday. "It is a grave political provocation against the DPRK that the U.S. misleads the international public opinion as if all the cyber crimes in different parts of the world are our deeds," Kim Yo Jong, the sister of leader Kim Jong Un, said in a statement carried by the state-run Korean Central News Agency. She called the acc...
Nov 2, 2026
Business
Bitcoin Firm Strive Climbs Up the Treasury Ranks With Another Big Buy
Strive, the Dallas-based company co-founded by Vivek Ramaswamy, now holds 43,124 Bitcoin after buying 124 BTC more last week. That stash is now worth roughly $3.3 billion, and good for about 0.2% of the 21 million coins that will ever exist. That leaves it fourth among publicly traded companies, 390 coins behind Twenty One Capital (which holds 43,514 BTC) and 876 BTC behind Metaplanet (which holds 44,000 BTC), according to Bitcoin Treasuries data. At Bitcoin’s price of about $77,000, those gaps...