The aftermath of the Binance hack has left the industry confounded. While the price of Bitcoin remains steady, following a slight dip on the news, the incident has once again raised questions over security and, given Changpeng Zhao’s (CZ) motion to “rollback” the network, whether Bitcoin is as decentralized as we are led to believe.…
One thing that we can take from yesterday’s events is that in this market cycle Bitcoin appears to be oblivious of bad news. The bulls battled on regardless and BTC surged past the psychological $6,000 barrier a few hours ago. Bitcoin Shrugs Off The News When the news broke that Binance had been hacked to…
Binance, one of the largest cryptocurrency exchanges by trading volume and one of the most trusted and respected names throughout the industry, is now also among the largest cryptocurrency exchange hacks to ever hit the crypto industry since the inception of Bitcoin. The “security breach” as Binance is referring to it as, resulted in 7,000…
Since the start of April, Bitcoin has been on a massively bullish rally, leaving bearish traders and the altcoin market in its dust. The rally began with a break of resistance at $4,200 that caused the price of the leading crypto by market cap spike $1,000 over an hour. According to research, the entire move…
Bitcoin (BTC) add 11 percent Changpeng Zhao wanted to roll-back the Bitcoin blockchain Hackers have no borders and funds are after all, not SAFU after yesterday’s hack that saw Binance lose 7,000 BTCs. All in all, Bitcoin (BTC) prices are in a solid uptrend. As a result, traders have an opportunity to buy on dips…
The past 24 hours have been extremely tumultuous for Binance, the largest Bitcoin (BTC) spot market per data from crypto startup Bitwise Asset Management. As NewsBTC reported on Tuesday in the wake of “unscheduled server maintenance,” the Malta-based cryptocurrency exchange was revealed to have lost 7,074 BTC, valued at $40 million, from its hot wallet…
Crypto markets pull back slightly; Bitcoin recovering, Ethereum back at support, Tron a rare green gain. As expected crypto markets have pulled back a little as the news of the Binance hack reverberates around the globe this morning. Unlike in previous times, however, there has been no major dump and crypto market capitalization is still…
Following this morning’s $40 million hack of the globe’s largest crypto asset exchange there were calls to roll back the Bitcoin blockchain to nullify the fraudulent transaction. Binance boss Changpeng ‘CZ’ Zhao said in an earlier AMA that the company was deciding on whether to push for a possible rollback. The move comes as the…
In times gone by, any exchange breach or hack would have set shock-waves through the crypto community and sent markets plunging. It may be a sign of a maturing market but the aftermath of the Binance breach has not really been that bad for Bitcoin in the grand scheme of things. Bitcoin Price Reaction Within…
Breaking news: Binance, a Malta-registered Bitcoin & crypto asset exchange that is one of the most well-respected in the market, has just revealed that it has been slammed by a “large scale security breach”. The platform reports a loss of 7,000 BTC, valued at $42 million at current values. Binance Security Breach Updatehttps://t.co/KY2J3jWpmn pic.twitter.com/JZtMsbI9fS —…