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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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Great Scott! Everything you Need to know about Kraken’s New Bnk to the Future Platform

If you’re a long time crypto investor/enthusiast, you will have more than likely heard of the Kraken cryptocurrency exchange. Founded in 2011, the exchange is very popular and provides cryptocurrency to fiat trading and now, Kraken is planning to be selling tokenised stock through ‘Bnk to the Future’, a regulated-compliant investment platform that allows less accredited investors purchase shares in cryptocurrency companies. Great Scott! Investors who have registered on Bnk to the Future’s platform will have to make a deposit of $1k minimum. They will then have until 20th June to invest in the San Francisco-based exchange, which calls itself...

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Stolen Cryptopia Funds End up on ‘Major Exchange’

One of the biggest things that plague the crypto space is exchange hacks, with a lot of renowned platforms falling victim to security breaches. Binance is a good example of this, as a few weeks ago, the world’s biggest crypto exchange was hacked thanks to a flaw in security to which 7,000 Bitcoins were stolen. Whereas the Binance hack was bad and came as a shock to many, it wasn’t as bad as the Cryptopia hack earlier in the year. The New Zealand-based exchange lost almost all of its Ethereum holdings to hackers. Following a security breach in mid-January this...

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Sally Ho's Technical Analysis 21 May 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session with the pair lifted higher to the 8157.17 level and appearing poised to make a run at establishing a new multi-month high. The pair tested some technical Resistance around the 8139.25 level in yesterday’s North American session, representing the 76.4% retracement of the move from 8315.00 to 7580.31. Stops were elected above the 8138.25 area during the move higher. Bids also emerged at some important technical levels during yesterday’s European session and later in the North American session. Yesterday’s intraday low was just below the 23.6% retracement of the move from...

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Ripple (XRP): Decline To $0.15 Likely As Price Demonstrates Extreme Weakness

Ripple (XRP) has once again demonstrated extreme weakness as the price repeatedly fails to break past a critical trend line resistance. This time, XRP/USD has faced a strong rejection at the 61.8% fib retracement level and could fall harder in the next few weeks as Bitcoin (BTC) goes down. This could mean that XRP/USD might finally drop to $0.15, a price level that is being eyed by smart money as the sweet spot for accumulation. Ripple (XRP) might have seen some negative sentiment short term but it remains the third largest cryptocurrency by market cap. This means that it will...

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