Today's Hot Topics

Binance Improve Security and Fight On Despite Hack

The Binance exchange has had a tough week, there’s no denying it. But they recently came out to say that they are taking a look at their security after they lost 7,000 Bitcoins worth more than $40 million in a hack earlier this week. There will be some significant changes to its application programming interface, withdrawal validation and two-factor authentication systems. The CEO of Binance, Changpeng Zhao said in a blog post published today (May 10th). “We are making significant changes to the API, 2FA, and withdrawal validation areas, which was an area exploited by hackers during this incident. We...

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Is Bitfinex a Mt. Gox in the Making?

There seems to have been a stir caused in traders on the Bitfinex platform due to an ongoing investigation into Finex Inc. A growing number o fusers have reported issues with withdrawing funds from the platform. On top of this, around $430 million worth of Bitcoin and Ethereum have excited the exchange’s cold wallets. Stuck on the Exchange At the end of April, the attorney general of the State of New York, Letitia James, disclosed that it had obtained a court order against iFinex Inc., which is the parent company that operates Bitfinex and owns Tether Ltd for those that...

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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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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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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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