A personal blog about money, markets and crypto
At $75,835 per Bitcoin, how you store your keys matters as much as which coin you bought. The short answer to hot wallet vs cold wallet: a hot wallet (software on a phone or computer that’s online) is for money you spend or trade, and a cold wallet (keys kept offline, usually on a hardware device) is for money you plan to hold. Most people end up using both and splitting funds by amount.
Binance accounts closing in Europe by the end of 2026 affect users in some countries, and fees start before that. CoinDesk reported on Nov. 7, 2026 that affected users have been told to pull their crypto before the fees kick in. If you’re one of them, the fix is simple: check your Binance notices today and move your coins well before December. Leaving it to the last week is how people get hurt.
FinCEN is cutting MEXC off from U.S. finance over at least $16 billion in alleged illicit flows. The MEXC FinCEN order, issued on Friday, November 6, 2026, will bar U.S. financial institutions from sending money or crypto to or from MEXC Global once it takes effect.
The Gnosis Pay breach, detected on November 3, exposed card numbers, home addresses and linked wallets. If you hold a crypto card, that’s the incident to act on this week. It came alongside new laundering moves from the $6.34 billion Binance hack and a withdrawal and trading freeze at South Korean exchange Gopax. Below I cover what happened in each case and the checklist I’d work through today.