Binance

  • Alipay Refutes Binance Fiat-Crypto On-Ramp, Will Stop Bitcoin Transactions

    This week, popular crypto exchange Binance revealed that it added two new fiat on-ramps for Chinese customers to buy Bitcoin, through popular peer-to-peer platforms Alipay and WeChat.But just as word had begun to spread of the new addition to the world’s crypto market leader, Alipay is now refuting the claim and says that it will “immediately stop payment services” if the transaction is identified as being related to Bitcoin or other crypto assets.Not So Fast, Binance, Alipay To Block Crypto & Bitcoin TransactionsThe young crypto market is still an arms race for crypto exchanges, trading platforms, and other crypto-related services such as wallets, price aggregators, and more. Competition is always looking to one-up one another, and claim as much market share as they can as their own.No crypto exchange has done a better job coming out swinging and stealing market share from the rest of the competition as Binance has. The crypto exchange exploded on the scene at the tail end of 2017, and in just two short years has grown to become the leader in the market, often bringing…

    Oct 11, 2019
  • Binance to Resume US Operations Within Two Months, Predicts CEO CZ

    Changpeng Zhao, CEO of cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within next two months.

    Aug 16, 2019
  • How to Avoid Hackers From Stealing Your Crypto Funds on Binance Exchange

    In this opportunity, we present you in a compacted way these ‘best practices’ that you should apply in a general way not only in the exchange but in any other platform where you can compromise your privacy and that of your funds.

    May 23, 2019
  • Crypto Exchange Binance Says It’s Revamping Security in Post-Hack Update

    Cryptocurrency exchange Binance said it is revamping security measures after losing some 7,000 bitcoin worth over $40 million in a hack earlier this week.

    May 10, 2019
  • Defiant Binance CEO Insists ‘We Aren’t Short on Funds’ after $40 Million Hack

    Binance CEO Changpeng Zhao says that the exchange is not hurting at all after the $40 million hack that reportedly took place earlier today, in which hackers managed to withdraw around 7000 BTC.

    May 8, 2019
  • Hackers Steal $40.7 Million in Bitcoin From Crypto Exchange Binance

    Hackers stole more than 7,000 bitcoin from crypto exchange Binance, the world’s largest by volume, the startup reported Tuesday.Binance announced that a “large scale security breach” was discovered earlier on May 7, finding that malicious actors were able to access user API keys, two-factor authentication codes and “potentially other info,” the exchange’s CEO, Changpeng Zhao, said in a letter. As a result, they were able to withdraw roughly $41 million in bitcoin from the exchange, according to a transaction published in the security notice.The disclosure comes hours after Zhao tweeted that the exchange was undertaking “some unscheduled server maintenance,” writing that “funds are #safu.” After the disclosure announcement, Zhao tweeted that the exchange would “provide a more detailed update shortly.”The exchange may not yet have identified all impacted accounts, he said. And according to Binance’s statement, the breach only impacted Binance’s hot wallet, which contains roughly 2 percent of the exchange’s total bitcoin holdings.“All of our other wallets are secure and unharmed,” he said, adding:“The hackers had the patience to wait, and execute well-prepared actions through multiple seemingly independent accounts at the most…

    May 8, 2019

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