Bitcoin slumps further as Japan and SEC revive regulatory concerns
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Breaking news from the Binance headquarters. The popular exchange will launch its own blockchain called Binance Chain that will be used to create a decentralised exchange. Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin BNB will be upgraded to exist on its own blockchain mainnet, becoming a native coin.
The big advantage of a decentralized exchange is that it can not be hacked. All tradable assets will be stored on the blockchain and can be accessed directly without a middleman.
Particularly about the communication from the team and the way in which they communicate on controversial topics such as a recent hack whereby their API was used indicates a reliable and strong organization. This is good news. I hadn't seen this yet. Decentralized exchanges are the future, but the ones recently haven't been too user friendly.
This should help change things big time. Binance is a great exchange, and if they can carry over their success to a decentralized exchange, then I think we will have a new winner in the exchange market. Great post and thanks for the update. I'm currently holding multiple positions on Binance and this news will help me sleep a little better at night. This is exciting news to see! We need more secure and reliable exchanges and this is a step in the right direction.
I did notice them moving up the chart today and now I now why! Thanks for the post! I have a great experience with binance and I always was hoping that a decentrelized exchange would be something like binance.
I did not expect that binance it self was planning to do so. Just after it was "hacked" people looking for a safe way to trade their coins. So many people hating on Binance nowadays, because of the exchange rates, but in my opinion, Binance still is the best and safest Exchange around at the moment and improves the name of Cryptocurrency in the real world.
Really good news, for all Binance supporters! Slightly higher fees in exchange for better customer support, better security, and a better exchange in general. That's great new, decentralized exchange will bring ease to so many users. Blockchain and Cryptocurrency 34 bitcoin hackedstolenbinance phishing websitehow to protect yourselfbe safe the future of finance and so many startups are getting into blockchain, cryptocureency and making life easy for everyone.
People investing in FinTech startups and projects which is wildly ambitious ideas of a more connected future and peoples are making millions from BlockChain and Crypto.
Sweet but seriously they just got hacked right? It appears that the hackers used login credentials obtained earlier 34 bitcoin hackedstolenbinance phishing websitehow to protect yourselfbe safe luring users onto a fake version of the Binance site see example below. Then, on Wednesday, they used hacked users' accounts to drive up the price of a relatively illiquid coin called Viacoin ticker: VIA and syphoned the gains into a number of accounts under their control.
Please follow me and I follow ya all back! I will post about a lot of interesting stuff happening. And also interesting history. Energy and electric Vehicle and Splitting water molecules to produce hydroxy gas to propel motorcycles and cars with only water and battery power! Help me build up, and I help you all back! Some of their users were hacked, and Binanced handled it so well as to recover the stolen funds and even freeze the hackers funds. And no, withdrawals are not on hold, I have withdrawn today with no issue.
Depends on what you are withdrawing. Some coins will have high fees by their nature. You can withdraw NEO from Binance for free. I would say that if users get hacked on Binance then Binance got hacked. Lets not fiddle diddle around that fact! I read myself from some users that they never even touched their own API settings or keys or code. I agree with you from there.
But users on Binance and therefore Binance got hacked It is Binances responsability to deactivate vulnerable settings from ordinary user accounts that might not know how to use the internet totally securely. Binance is responsable in a long haul. Binance did not get hacked. Any users affected had typed the binance website address in incorrectly and went to a fake site.
At the fake site they typed in their "username" and "password". This gave their username and password to the phishers. The phishers then collected enough accounts and on a specific day or days started manipulating the market.
The only fault that Binance had Okay, if that was the only things going on I agree with you! Catching someone ellses username and pass and using it is then only the user getting hacked or phished. On the other hand, it can only be possible then because these users were not using google authenticator or other 2 factor security!??
Unless they somehow managed to hack the 2 factor also for the accounts? I doubt that though. Probably users without 2 factor enabled.
But to be true I did read about people talking about the API keys. Maybe just myths being spread. I will follow you. Anyone who want to, please follow me and help me get started quickly here!
Google's data collection and behaviour in YouTube have a lot of people questioning and not using any Google services. Or they may just not know about it. I am a relative newb and have never used two factor security. They didn't need to touch their api settings, they just gave their account details to the wrong person, who did it for them. News like this was really needed after the whole hack debacle. I'm a big fan of Binance, it's easily my most favorite exchange. Damn this is exciting news!
Keen to see how this one will go! This is fantastic news! Another reason to love binance! Such an amazing project and team! They are amazing, and the best in the industry! Can't wait to see what they do next! I was actually going to buy like 10 binance coins just 1andahalf hours before the jump happened!
I delayed it because I wanted to activate my new steemit account! But it has fallen back to 9,7 usdT recently, so buying oportunities are still there if you believe 34 bitcoin hackedstolenbinance phishing websitehow to protect yourselfbe safe Binance to keep on strong and secure!
I will follow all followers back! Will it 34 bitcoin hackedstolenbinance phishing websitehow to protect yourselfbe safe a whole separate exchange from the existing Binance or will the present exchange be updated? Not many crypto and trader exchange exchanges from any level of experience need to be dealt with on several trading floors. As practice shows, not all of them are able to work stably and for a long time, and therefore, 34 bitcoin hackedstolenbinance phishing websitehow to protect yourselfbe safe diversify, it would not be an exaggeration to 34 bitcoin hackedstolenbinance phishing websitehow to protect yourselfbe safe their assets to different exchanges.
An excellent choice for such security measures is probably the Binance Exchange, which confidently breathes behind most of the top ranked competitors.
What kind of exchange is this and what's different from the rest - this is the main topic of this article. Mmh, to bad I did not purchase BNB. I still have question about the busIness plan behind it! Great news and great idea. Something that is paramount in every crypto system is security.
Since this is 34 bitcoin hackedstolenbinance phishing websitehow to protect yourselfbe safe secured as you said, it'll be a very good deal if you invest in it. Nice to hear this from you. Thank you for sharing information, very useful for us all. I always follow your post because it is always interesting to read. Ah so that explains the BNB pump, interesting. Actually really looking forward to Binance's decentralized exchange. This is a good move from binance to make transaction more easier.
I noticed that SBD has not been listed yet.
