Cryptocurrency exchange Binance saw its users withdraw approximately £3.1 billion in a single day after a cyber-attack compromised digital assets valued at £5.2 billion. The incident, attributed to a hack on a blockchain bridge, prompted a temporary freeze on transactions as Binance initiated an upgrade to its security infrastructure.
Businesses in Spain and Portugal are rapidly acquiring battery backup systems to mitigate the impact of future power outages. This surge in demand follows a significant grid failure last year, which exposed vulnerabilities in energy infrastructure across the Iberian Peninsula.
Cryptocurrency companies are pivoting their significant computational infrastructure from Bitcoin mining to support Artificial Intelligence, capitalising on a surge in demand for high-performance computing. This strategic shift reflects a broader market adjustment within the digital asset sector.
Ofgem's latest energy price cap adjustment is set to increase winter energy costs for millions of households, pushing prices to their highest in three years. This revision reflects volatile wholesale gas markets, impacting household budgets across the UK.
