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Binance News: Binance Ready To Capture The Coinbase’s Crypto Market Share
With Binance’s new announcement to move its office to the crypto favourable territory, Malta and working on the deal with local banks to launch its fiat to crypto trading pairs, the exchange is all set to take over the Coinbase and dominate the cryptocurrency market. Ruling the crypto market: Binance Malta move & fiat to crypto trading One of the largest cryptocurrency exchanges in the world, Binance is riding high in the cryptocurrency market. With over 5 million users, this Chinese cryptocurrency exchange is popular for its crypto to crypto trading services. Over the past few months, Binance has made a lot of advancements...
Progress update of the $250,000 Binance hacker bounty
Earlier this month, the cryptocurrency world witnessed a large-scale attempt to manipulate and rob the Binance funds leading to a drastic drop in of prices in the global cryptocurrency market. The hack lasted for 2 minutes and Binance had managed to halt all withdrawals immediately, ensuring a failed hack attempt. Binance had announced recently that anyone who would provide information leading to a legal arrest of the hackers would be rewarded with $250,000 bounty. They recently posted the progress of the hacker bounty on Twitter. Binance’s tweet regarding the Hacker Bounty They officially confirmed saying: “As a reminder, we would like to confirm to the community...
How Binance saved the day and CZ’s guidelines on how to trade safe!
A few hours ago, the entire Bitcoin and cryptocurrency market was panicking with all the coins drastically falling down, due to hack on Binance. Everything just went haywire. The entire community was perplexed by whom or what to trust. Binance just cleared all confusions reversing irregular trades and resumed trading amidst the hack confusions. March 7th will probably be unforgettable to the market enthusiasts as the 2 minutes period ransacked the entire cryptocurrency markets. All withdrawals were halted as soon as the automatic risk management system was triggered. This is when the large-scale phishing and stealing attempt came to light. ...
Binance Temporarily Disables Withdrawals, Reports of Unauthorized Selling
Binance users are reporting unauthorized selling of cryptocurrencies for bitcoin. “Binance just sold all my alts at market rate and I have got just the Bitcoin now,” says one such user. “Coordinated dumping on Binance? Any theories as to why? Never seen anything like that before,” says another. Binance itself stated: “We are investigating reports of some users having issues with their funds. Our team is aware and investigating the issue as we speak. Sponsored As of this moment, the only confirmed victims have registered API keys (to use with trading bots or otherwise). There is no evidence of the Binance platform...
Behind the Scenes of a Cryptocurrency Exchange: Secrets & Strategies
The following article is based on insights from the Blockchain Connect Conference in San Francisco. Included in this exchange panel are exchange CEO’s Chris Lee (OKEX), Jesse Powell (Kraken), Mike Kayamori (Quoine), Chief Strategy Officer Kailong Cai (Huobi), and Head of International Markets Ted Lin (Binance Exchange). Cryptocurrency Trading Demographics The US, Japan, and China are major cryptocurrency markets. The average trader is male in their 20s and 30s, with females and other extreme age groups entering the market. OKEX: “30% of all Koreans are trading crypto.” Huobi: 70% of customers come from China, a lot from Japan, but not much from...
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