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Popular cryptocurrency exchange Binance will be conducting a system upgrade on May 15, 2019, in the wake of a $ 40 million hack.
Per an announcement that was published on the exchange’s blog, the scheduled system update will affect all transactions on the platform for about 6 to 8 hours. However, it also noted that the time needed for this upgrade to complete might vary.
Following a very eventful past few weeks, which notably included a hack that resulted in the loss of 7,000 BTC, leading crypto exchange Binance has announced the details of its next Launchpad token sale. #Binance Launchpad Announces @harmonyprotocol as Next Project Check out the below blog post to learn more about Harmony, see where you […]
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Binance, the world’s largest crypto exchange, came back online in full today following a weeks hiatus that extended to both deposits and withdrawals on the platform — the result of security maintenance that came in response to a recent hack that resulted in 7,000 bitcoin (BTC) being stolen from the platform’s hot wallet. 🚨 Trading […]
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Each Sunday, we breakdown the most important crypto market news from the past week for SludgeFeed Premium members, including key events and stories you might’ve missed from a variety of news outlets. Top Headlines This Week 🔥 Binance Loses $ 41 Million in ‘Large Scale’ Bitcoin Hack Binance suffered a coordinated hacking event on Tuesday night that resulted […]
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Crypto meets techno with BCH-inspired music and discussion of the aftermath of the Binance security breach. In addition to learning about the latest developments, the winners of the latest giveaway will be revealed in this week’s video update on Bitcoin.com’s Youtube channel.
Also Read: Why Cryptocurrency Investors Are Renouncing Their US Citizenship
This week’s show covers the techno duo Etnica, which has a new track called “Crypto,” inspired by BCH and featuring a voice-over cameo from Rick Falkvinge. The team also discusses the $ 40 million loss at Binance following an alleged hack and the idea fleetingly floated by its CEO, CZ, to reorg BTC because of it.
Cryptocurrency exchange Binance has revealed that it will be revamping its security network to prevent a recurrence of the 7,000 BTC hack it experienced on May 78, 2019.
Per a blog post on its official website, the exchange announced that it will be implementing “significant” changes to its fundamental security infrastructure, including its two-factor authentication (2FA) process, its Application Programming Interface (API) and withdrawal validation processes.
It promised to implement some of the new measures within the week before deposits and withdrawal services resume on the platform. Others will be added afterward.
This article was originally published by 8btc and written by Vincent He.
Since May 1, 2019, bitcoin’s price has been rising, reaching a top of over $ 6,000. As the whole cryptocurrency industry was enjoying the rise, an unexpected hack put a stop to the rise of bitcoin. The major exchange Binance was hacked for $ 40 million.
Binance has issued an announcement revealing more information about the attack. The announcement said that a large-scale security bug was found in the exchange and that the hacker stole 7,000 bitcoins from the wallet at a height of 575,012 blocks.
Chinese crypto exchange Binance suffered a major hack on Tuesday, which the company’s CEO responded to by proposing a rollback of the Bitcoin blockchain to rectify — a suggestion that riled up the community.
The company formally notified the public via an announcement on the evening of May 7, 2019, claiming that the hackers had employed a diverse range of tactics from outright viruses to social engineering techniques such as phishing scams. In addition to gaining access to other sensitive information, Binance also admitted that a single transaction sapped 7,000 bitcoins from Binance’s wallet, roughly 2 percent of the company’s entire BTC holdings.
Cryptocurrency markets are doing much better the day after the digital asset exchange Binance lost roughly 7,000 BTC ($ 40 million). Immediately after the trading platform officially announced the multi-million dollar loss, the cryptoconomy shed billions but since then most digital assets have recovered and markets are doing surprisingly well.
Also read: $ 500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction
Binance, the world’s largest crypto exchange, allegedly suffered a coordinated hacking event on Tuesday night that resulted in 7,000 bitcoin (BTC) being stolen from the platform’s hot wallet. Binance Security Breach Updatehttps://t.co/KY2J3jWpmn pic.twitter.com/JZtMsbI9fS — Binance (@binance) May 7, 2019 According to a recent update by Binance CEO Changpeng “CZ” Zhao, on May 7 at 17:15:24 […]
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Binance CEO Changpeng “CZ” Zhao recently took to Twitter to emphasize that the newly launched Binance Chain (BNB) and its decentralized exchange aren’t trying to compete with other blockchains or DEXs. Instead, CZ claims that Binance DEX is designed to compete with its centralized counterpart. Clarification: @Binance_DEX is not trying to compete with any other blockchain […]
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Binance, the world’s largest crypto exchange, has ramped up its support for Cosmos (ATOM), announcing the listing of three new stablecoin base pairs on Monday. #Binance Adds $ ATOM / $ USDC, $ ATOM / $ PAX and $ ATOM / $ TUSD Trading Pairshttps://t.co/gQNzN4by7j pic.twitter.com/v0Q1e6XR1O — Binance (@binance) May 6, 2019 According to the announcement, trading for ATOM/USDC, ATOM/PAX and […]
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Aeron (ARN), an aviation blockchain project being designed used to prevent flight logs from being falsified or altered, announced that it will be adopting the Binance Chain and its BEP2 token standard. Aeron takes a giant leap, moving to @Binance Chain! Fast blockchain with inexpensive transactions is perfect for Aeron aviation utility and @Binance_DEX will […]
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As part of its efforts to be regulatory compliant, Malta-based crypto exchange Binance has partnered with Blockchain startup Elliptic. According to a Coindesk report, the partnership will help Binance mitigate anti-money laundering (AML) concerns as it expands into new regions.
Binance announced a similar partnership with cyber security firm CipherTrace on April 11, describing it as a step towards achieving proper AML compliance.
In the company’s announcement, its Chief Compliance Officer Samuel Lim said, “The selection of CipherTrace as our on-chain security solution will augment our expansion drive and build greater trust among our users, regulators and financial institutions.”
Matic Network (MATIC), a platform for scalable and instant blockchain transactions based out of India, has teamed up with Binance to promote the testing of its new cryptocurrency wallet with a free giveaway. Help Test @maticnetwork’s Crypto Wallet for a Chance to Win $ 60,000 in $ MATIC Tokens!https://t.co/Ffu3UG8INW pic.twitter.com/FrEaO7JsPa — Binance (@binance) April 28, 2019 According to […]
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You wouldn’t know to look at it, but Binance DEX could soon become the busiest exchange in the cryptosphere. At present, MITH is the only token tradable on there, though it will soon be joined by NOW – the first token to be added to Binance Chain – plus hundreds more if exchange boss CZ has his way. But how accessible is Binance DEX, particularly to users of countries that are denied access to centralized exchanges? And exactly how decentralized is Binance DEX?
Also read: Wizsec Security Blames Coinlab After Mt. Gox Trustee Delays Proceedings
On Sunday morning, Binance, the world’s largest crypto exchange, became the latest trading platform to announce support for Cosmos (ATOM), sending the price up more than 45%. #Binance Will List Cosmos ($ ATOM)https://t.co/mlT0YSub8I pic.twitter.com/48BWZW9coL — Binance (@binance) April 28, 2019 According to the announcement, trading will start on Monday at 12:00 AM (EST), with ATOM/BNB, ATOM/BTC […]
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Ironbelly, the first open-source wallet for Mimblewimble privacy coin Grin (GRIN), was recently unveiled as the first grantee for the Binance Labs Fellowship, a new program supporting open-source projects that advance the crypto community. .@BinanceLabs Grants First Fellowship Round Supporting Open-Source Blockchain Development Ironbelly, a mobile wallet for $ GRIN, HOPR a privacy-preserving messaging protocol & Kitsune Wallet, […]
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The biggest news this week has undoubtedly been the launch of Binance Chain, the new blockchain platform that will fuel Binance’s decentralized exchange (DEX) and other major initiatives. As a result of the news, Binance Coin (BNB) became the first large-cap cryptocurrency to hit new all-time highs on Friday, surpassing levels last seen during the […]
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Mithril (MITH), a decentralized social media platform that rewards creators for content, surged around 60% in Thursday trading after announcing that will become the first project to adopt the newly launched Binance Chain. Mithril will be the first project to migrate to @Binance Chain!$ MITH token holders on the new @Binance_DEX will be the first to experience […]
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