While Bitcoin may have revolutionized the way we look at transactions and banking, the brief nine-year existence of cryptocurrencies has been checkered with some monumental hackings and thefts. In a constantly evolving space, Blockchain technology is pushing the envelope while battling against attacks from all sides. Unfortunately, criminality is a reality,...
The cryptocurrency ecosystem is always changing and evolving. Some of those changes are major surprises, yet often turn out in a positive manner. The decision by Binance to launch a new decentralized exchange came as a bit of a shock. At the same time, the company acknowledges their centralized...
Markets have been pretty flat during this morning’s Asian trading session. Momentum in either direction has been elusive and Bitcoin has gained nothing on yesterday’s prices. Altcoins as a result are largely stagnant with only a couple showing solid gains. One coin that has taken off this morning and...
According to unnamed sources in the industry, cryptocurrency exchanges are charging between $50,000 to $1 million to list initial coin offerings (ICOs) on their platforms — as reported by Business Insider. As one might expect, many of those who spoke to BI were unable to name the specific exchanges...
The Binance cryptocurrency exchange is offering a $250,000 equivalent bounty on the arrest of the hackers involved in the March 7th incident, Binance stated in an announcement March 11. According to the announcement, the first person to supply the information that results in a legal arrest, in any jurisdiction, will...
Recap: Binance Attack On March 7th, the second-largest cryptocurrency exchange by market cap, Binance, almost fell victim to large-scale attack. According to the company, the attack — which took place over just a two minute period — was part of a well-organized phishing and stealing attempt. Fortunately,  when all was said and done,...
What is a Centralized Cryptocurrency Exchange? It is an online platform and most common way to trade cryptocurrencies. This includes buying/selling cryptocurrencies with fiat (fiat/crypto paring) as well as buying/selling cryptocurrencies with other cryptocurrencies (crypto/crypto pairing). They can be viewed as an online marketplace for the entire cryptocurrency network. What does it...
Bitcoin sunk beneath the key $10,000 mark to a recent low amidst rumor-mongering of a Binance hack that compromised investor accounts. Nothing Was Hacked Rumors that apparently began with a Reddit thread questioning whether Binance customers where being hacked spread across the net resulting in an overall drop in the cryptomarket. It may...
Users of Binance, the top cryptocurrency exchange in the world by trade volume, are reporting suspicious activity in their accounts stemming from an apparent hack on Reddit, March 7. Binance has stated that the issues stem from third-party tools and that “there is no evidence” of the platform itself being...
Some of the largest cryptocurrency exchanges in the global market including Binance and Kraken have halved bitcoin withdrawal fees due to the rising adoption of scaling solution and transaction malleability fix Segregated Witness (SegWit). SegWit Adoption Last week, Coinbase, a major bitcoin brokerage and wallet platform with over 12 million users,...