The recent Binance hack made a lot of news headlines in the last days. Even “reorg ” memes appeared everywhere. The crypto exchange announced yesterday on their official blog that they will resume deposits and withdrawals on Tuesday but did not specify the exact time. Also, the announcement stated that trading will be suspended during the update.
The Binance blog stated:
“We aim to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a later stage, depending on how the testing goes. This upgrade will require a trading halt. We will update you again tomorrow.”
The … Read the rest
$343 million worth of Bitcoins, was moved yesterday in a single transaction to two different addresses. The single transaction amount was 48,000 Bitcoins and the fee to move the $343 millions was only $0.30.
The sending address was ranked the 14th largest bitcoin address and has been holding this balance since 29 December 2018.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 47,000 #BTC (343,078,199 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) May 11, 2019
Sending address sent 48,000 BTC : 174jWqrE2zrP57xWLAmwWCwxSHkJrfurWU
Receiving address #1 got 47,000 BTC: … Read the rest
The Taiwanese electronics company, HTC keeps on making important steps in the decentralized word of blockchain. Rather than expanding in the centralized services like other mobile producers, HTC announced today a new smartphone that enables users to run a full Bitcoin node helping to decentralize and expand more the network.
The new smartphone, HTC is launching is the Exodus 1s. It is less expensive but more complex than Exodus 1 that was launched a year ago. The new smartphone is able to run a full bitcoin node. By making it simpler for the non-tech people to run a full bitcoin node … Read the rest
In the last days, Bitcoin turned extremely bullish. At the time of writing bitcoin is changing hands at $6.336 according to coinmarketcap.com. Bitcoin gains are more than $1,000 in the last week.
The strong resistance support at $6,000 is not holding and bears seem to be in disbelief. On the other side, bulls seem to be able to take a breath after being underwater for several months.
The chart shows that bitcoin has fully recovered from the violent drop in December 2018, and the HODlers are glad they didn’t panic sell after the December fall.
On April 3, … Read the rest
April was a good month for bitcoin, opening with a price of around $4,000, reaching the highest at $5,700 and closing at $5,300. An interesting thing is that at least $2.6 billion in Bitcoins left top exchanges during the last month according to a report published from Blocktown Capital on their Twitter page.
… Read the rest
Top exchanges have seen net outflow of BTC in April.
Bitfinex: $1.5B OUT
Binance: $250M OUT
Bitstamp: $700M OUT
Bittrex: $60M OUT
Is this bc of increased security concerns of funds on exchanges or are investors accumulating/transferring off-exchange to cold storage? pic.twitter.com/ygY4IqbkPV
— Blocktown Capital (@BlocktownCap) April
Obviously, everyone’s eyes in the crypto world today are pointed to Binance, amid the announced hack of 7,000 bitcoin or nearly $40 million worth of Bitcoin. Quickly conspiracy theories started to build up implying that the occurrence probably might not have been really a hack.
Unclear Statements from Binance
Tuesday, Binance, the largest crypto exchange in the world, announced that it was hacked losing 7,000 BTC which are worth around $40 million at the actual bitcoin price
They clearly state in the announcement that the security breach did not target Binance’s safety measures, but instead had the clients as a … Read the rest