Blockchain 

Binance Hack | Hackers Make Off With $40 Million in BTC

According to Bloomberg, major cryptocurrency exchange Binance has suffered another hack. This time the hackers withdrew 7,000 Bitcoin, which values approximately $40 million USD. This is the second major breach the exchange has faced, the first being an incident in March 2018. A notorious issue in the crypto-space, hacks have claimed $1.7 billion USD in 2018 alone. Binance Hack Via a post on its website, the exchange said that the hack occurred through a single transaction in a “large scale security breach.” It furthered that the hackers used a “variety…

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Blockchain 

Binance DEX Now Live! Create Your Wallet and Expect Trading Soon

On Tuesday, April 23, Binance announced that its much-awaited decentralized exchange is now live. Here’s what we know so far about the Binance DEX. Binance DEX Now Live Today, Binance, a top crypto exchange, said that the Binance DEX is now live. Trading has not yet commenced, but users can create wallets on the new decentralized exchange (DEX). Tuesday’s launch of Binance DEX is significant for more reasons than one. For starters, the exchange has gone live well ahead of schedule; and it comes one week after Binance Chain, its native…

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Blockchain 

Bitcoin SV Delisted from Binance Amid Craig Wright Controversy

One of the largest crypto exchanges in the world, Binance, has delisted Bitcoin SV (BSV), it announced earlier today. The move comes after a week of controversy surrounding the cryptocurrency’s founder Craig Wright. Bitcoin SV Earlier today, the world’s largest crypto exchange by market volume announced it will be delisting all BSV trading pairs on April 22nd. It will continue to support BSV withdrawals, however, until July 22nd. Binance CEO, Changpeng Zhao (CZ), first threatened the move last week. It came after Wright attacked several Twitter users who said he is…

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Blockchain 

Crypto News | SEC Rules ETH NOT Security; Binance Adds XRP

The cryptocurrency market is making a comeback this week, after closing out last week in the red. Crypto news was pretty slow last week, but it has picked up a bit today. This morning, CoinCenter released news that the SEC Chairman confirmed that ETH is not ruled as a security by the regulator. In addition to this big news, Binance announced it has added XRP and credit card payment support to its Trust Wallet app. Let’s get into it! Jay Clayton Rules ETH a “Non-Security” When investors began taking notice of…

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Cryptocurrency 

Crypto News | Elon Musk Talks Bitcoin and Binance Expands

The cryptocurrency market had quite the shakeup last week, causing a spike in most digital currencies. On Valentine’s Day, six days ago, JP Morgan announced that it would launch a test for its new JPM coin. This was the biggest crypto news to surface in quite some time. Now, digital currencies seem to have corrected, and most are trading red today. In today’s crypto news, we’ll discuss Elon Musk’s interview and the details behind him calling Bitcoin “quite brilliant.” Also, we’ll look into Binance’s new testnet they just released. Crypto News:…

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Cryptocurrency 

Binance Blockchain | Binance to Launch the Binance Chain

If it wasn’t enough for Binance to be the biggest crypto exchange by trading volume in the world, such is its popularity that it will now launch its own blockchain. Dubbed the ‘Binance Chain’ (give that genius a can of coke), the new blockchain is due to arrive in the “coming months” according to a Tweet today. The Binance Blockchain The Tweet gave a little more detail. It said the following: “Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the…

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