- by Adrian Barkley
- May 21, 2019
CZ Recalls Initial Reaction to Binance Hack
The CEO of Binance, Changpeng Zhao (CZ) has described his reaction following the hack of Binance earlier this month. He starts off by being quite blunt saying: “I am not gonna deny it. My first reaction was: “F***!”, the second and third reactions were also the same. A few moments after that, I began to come to terms with it, “Well that sucks! What do we do now? Lots of people are waiting for me, some for instructions, some for information and some for reassurance. Lots to do, let’s just get on with it.” When I checked in with the...
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- by Adrian Barkley
- May 16, 2019
$1.2 Million BNB Given Away By Binance Following Hack
The world’s biggest cryptocurrency exchange, Binance has been under fire the past weeks after it experienced a hack following a security breach on its platform. Although that being said, many members of the community stood by Binance in their time of need with Justin Sun of TRON offering a helping hand to the exchange during the crisis. Yesterday though (15th May), the exchange came back online after they lost 7,000 Bitcoins were stolen from the platform. 🚨 Trading is now LIVE! 🚨Thank you, for all of your patience and incredible support. 💛 pic.twitter.com/DPZhBLLyL4 — Binance (@binance) May 15, 2019 So...
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- by Crypto Daily
- May 08, 2019
BitMEX, PrimeXBT, or Binance: Which Margin Trading Platform To Choose?
Strong competition is good for consumers, and in the cryptocurrency industry it’s no different. The recent competition brewing between margin trading giants BitMEX and PrimeXBT, and now with Binance rumored to be joining the arena, active traders seeking a platform that offers leverage across crypto pairs have never had more solid options to choose from. With the crypto market finally in recovery and with a profitable 2019 ahead, selecting the right trading platform can mean the difference between meager or massive profits. In this detailed analysis, we compare each of the most prominent margin trading platforms in the crypto market,...
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- by Robert Johnson
- May 08, 2019
Binance Breach Doesn’t Crash Bitcoin - Is the Market Maturing?
If history is anything to go by, a hack or exchange breach is something that would usually send a lot of cryptocurrencies to the depths. But after the recent Binance breach that occurred yesterday, the market doesn’t seem that all affected by it. Prices Maybe it is a sign that the market is finally maturing that the Binance hack hasn’t really had an impact on Bitcoin and the gang. Now we said it didn’t REALLY have an impact, it still affected the leading currency but it was nowhere as severe as everyone thought it to be. Bitcoin was trading above...
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- by Adrian Barkley
- May 08, 2019
CZ Responds to Binance Hack
It’s been an eventful 24 hours for the crypto space, with Bitcoin holding steady at just under the $6,000 mark and, of course, the Binance hack. Yes, it seems that one of the biggest crypto exchanges has suffered a large scale cyber attack which resulted in the theft of 7000 Bitcoins worth almost $41 million from the popular platform. The exchange officially announced that they had been the victim of a brutal attack due to a security breach on Tuesday and explained that the hackers had somehow obtained “a large number of user API keys, 2FA codes, and potentially other...
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