South Korea's Bithum admitted Wednesday that severe flaws left the trading platform’s internal system wide open to potential sabotage and that it failed to prevent the mistaken transfer of $40 billion in bitcoin to customers, according to Reuters. The blunder, which triggered the price of bitcoin to plunge by 17% on Bithumb, according to Reuters, consisted of the country’s second-largest crypto trading platform accidentally giving away 620,000 bitcoins to customers instead of just 620,000 won (roughly $42 ...

Brian Armstrong, the CEO and co-founder of the largest cryptocurrency exchange in the U.S., Coinbase (NASDAQ:COIN) , has dropped out of the Bloomberg Billionaires Index, which ranks the world's 500 wealthiest individuals.Armstrong's departure from the list of the world's 500 wealthiest coincides with a steep crypto market decline, as Bitcoin drops below $70,000 for the first time since late 2024. His fortune remains heavily linked to his roughly 14% stake in Coinbase.Per the Bloomberg index, Armstrong’s net ...

Group 1: Market Overview - Futures are indicating cautious gains across Europe and the US ahead of a crucial non-farm payrolls report, with White House officials managing expectations [1] - European futures are mixed, with the UK stock market expected to improve, while the US markets show a patchy picture, particularly with technology stocks facing downward pressure [12][13] Group 2: Company Announcements - Heineken is cutting up to 6,000 jobs over the next two years and lowering its growth forecast for the fiscal year, now expecting profits to grow between 2% and 6% compared to previous guidance of 4% to 8% [16][17] - Commerce Bank reported better-than-expected earnings in the fourth quarter and anticipates that net profit in 2026 will exceed targets [2] - Total Energies is facing challenges due to low oil prices and is focusing on increasing energy production by 5% overall for the year [6][9] Group 3: Financial Performance - Heineken achieved a 4.4% organic growth in revenue and a 2.6 billion euros free operating cash flow, with a margin expansion of 40 basis points [18] - BP has suspended its buyback program to repair its balance sheet, while Total Energies confirmed a buyback guidance of between 3 billion and 6 billion dollars for crude prices between $60 and $70 per barrel [7][8] Group 4: Strategic Initiatives - Heineken's CEO emphasized the importance of productivity and cost-cutting measures as part of their evergreen strategy, aiming for annual savings of 400 to 500 million euros [22] - Total Energies is exploring solar energy partnerships, indicating a shift towards renewable energy sources [10][11] Group 5: Industry Trends - The European food and drink sector is facing challenges in developed markets, while emerging markets show growth potential due to urbanization and increasing GDP [30] - The oil and gas industry is experiencing pressure from low prices, prompting companies like BP and Total to adjust their strategies [6][7]

Panama City, Panama--(Newsfile Corp. - February 11, 2026) - HTX, a leading global cryptocurrency exchange, has announced the listing of UP (Superform) on February 10. UP/USDT spot trading is now available to users on HTX. Superform is a user-owned neobank, where anyone can save, swap, send, and earn on-chain while keeping full control of their assets. With its yield products, SuperVaults, users can automatically optimize earnings, or build customized portfolios by directly depositing into earning opportuni ...

By Jack Kim SEOUL, Feb 11 (Reuters) - South Korea's Bithumb said on Wednesday that serious flaws had left the crypto exchange's internal ‌system susceptible to potential sabotage and failed to prevent an erroneous ‌transfer of more than $40 billion in assets last week. The country's second-largest virtual asset exchange said ​it accidentally gave away about 620,000 bitcoin (BTC-USD) to customers during a promotional event, instead of 620,000 won ($426), triggering a 17% slump in bitcoin's price. Bithu ...

Coinbase Global (COIN) is the leading U.S. cryptocurrency exchange, making it easy for millions to buy, sell, trade, and store digital assets like Bitcoin (BTCUSDC), Ethereum (ETHUSD), and over 250 altcoins. It offers a user-friendly app with advanced trading tools, staking rewards, an NFT marketplace, and Coinbase Wallet for self-custody. The platform emphasizes security through insured hot wallets, 2FA, and cold storage, while Coinbase Prime serves institutions with custody and analytics. Founded in 20 ...

The crypto market downturn has been particularly hard on leading American exchange Coinbase (COIN), which has seen its stock plunge more than 50% since bitcoin's early October record above $126,000, including a 27% decline in 2026 alone. Attempting to catch up to that fast tumble, JPMorgan's Ken Worthington slashed his price target on COIN to $290 from $399 ahead of the company's fourth quarter earnings report coming after the close on Thursday. Worthington remains a bull on the stock and his reduced ta ...

Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks in focus on Jim Cramer’s game plan. Cramer showed a bearish sentiment toward the stock, as he remarked: I mentioned how Robinhood may just be a proxy for Bitcoin just now. What does that say about Coinbase now that the major cryptocurrencies are everywhere? I gotta tell you, I don’t want to touch this one. Pixabay/Public Domain Coinbase Global, Inc. (NASDAQ:COIN) provides a platform for buying, selling, and managing crypto assets. During the epi ...

Kraken sacked its chief financial officer, Stephanie Lemmerman, just as the crypto exchange prepares to publicly list in the U.S. in the early part of this year, according to two people familiar with the matter. Lemmerman joined Kraken from Dapper Labs in November 2024 and was the exchange’s CFO for one year and four months. She now has a strategic advisory role at Kraken, one of the people said. Robert Moore, formerly VP of business expansion, has basically taken over her job, the person said. An updat ...

The crypto world has been getting slammed since early in Q4 last year. Coinbase Global, Inc. ( COIN ) is no exception and has now dropped about 57% over four months. I had given the stockI am an investment author with passion for finance and global markets. I enjoy gearing toward economic analysis, specifically on a macro level. Through current and forward looking market trends, fundamental and technical analysis, my goal is to provide investors and readers with the tools and knowledge to make informed and ...