Day: May 7, 2019

Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach

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Binance, one of the largest cryptocurrency exchanges by daily trade volume, has experienced a major security breach on May 7, according to a statement shared with Cointelegraph on May 7. Per Binance, hackers employed a variety of tactics including phishing and viruses to obtain a large number of 2FA codes and API keys in addition to other information. According to the exchange, there was one affected transaction, wherein hackers were able to withdraw 7,000 bitcoins (BTC) worth $40,705,000 at press time. In a letter on Binance’s website, CEO Changpeng Zhao…

Breaking: Binance Hot Wallets Lose 7,000 Bitcoin (BTC) In “Large Scale” Security Breach

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Breaking news: Binance, a Malta-registered Bitcoin & crypto asset exchange that is one of the most well-respected in the market, has just revealed that it has been slammed by a “large scale security breach”. The platform reports a loss of 7,000 BTC, valued at $42 million at current values. Binance Security Breach Updatehttps://t.co/KY2J3jWpmn pic.twitter.com/JZtMsbI9fS — Binance (@binance) May 7, 2019 Binance Suffers Loss Of Thousands Of Bitcoin Early Tuesday, Changpeng “CZ” Zhao, the chief executive of Binance, took to Twitter to reveal that has platform had to undergo “unscheduled server…

Turkish University Opens Blockchain Center at Boston’s Northeastern University

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Turkish Bahçeşehir University (BAU) has reportedly opened a blockchain center at Boston’s Northeastern University (NEU) to provide informational support on blockchain technology, Daily Sabah reports on May 7. Apart from informational support, the BAU–NEU Blockchain Laboratory’s objective is to apply for funds in the United States, the European Union and Turkey, thus boosting Turkey’s presence in the blockchain market and attract specialists in the field. Commenting on the cooperation, Chair of the BAU Board of Trustees Enver Yücel said that he would also like to start blockchain-related master and doctoral education…

Bitmain’s Hashrate Noticeably Dropped in Past 30 Days

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Chinese cryptocurrency mining giant Bitmain’s hashrate has noticeably dropped in the past 30 days, according to the company’s hashrate disclosure update as of May 7. Per the data analyzing the hashrate of all Bitmain-owned hardware, updated once every 30 days, the SHA256 hashing algorithm — which is used in the bitcoin (BTC) mining network — has dropped from 1,692.35 quadrillion hashes per second (PH/s) in March to 237.29 PH/s as of the beginning of May. This marks a noticeable downturn in the company’s bitcoin mining power. When comparing with Bitmain’s…

Former Investor Sues OneCoin Scheme, Seeks Class Action

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Former OneCoin investor Christine Grablis is suing the cryptocurrency investment scheme for fraud, according to a complaint filed on May 7. Grablis is seeking damages and a class action suit to represent other investors purportedly defrauded by OneCoin. The full list of defendants in this lawsuit — Grablis v. OneCoin Ltd. — includes OneCoin Ltd, Ruja Ignatova, Konstantin Ignatov, Sebastian Greenwood, Mark Scott, along with other potential parties who have yet to be named. According to a Bloomberg report on May 7, OneCoin founder Ruja Ignatova has been charged with…

Technical Indicator Signals That The Bitcoin (BTC) Bear Market May Be Over, But What Comes Next?

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Bitcoin has been able to incur significant upwards momentum over the past 24-hours that has extended into the past couple of hours despite facing some downwards pressure earlier today. Despite BTC’s upwards surge, the general crypto markets have remained relatively flat today, with most major cryptos trading down marginally. One technical indicator is now flashing a bullish signal that has historically been followed by massive upwards trends, which may indicate that the bear market has truly ended and that Bitcoin is currently in the early stages of the next bull…

To the Moon? Tron’s Justin Sun Gives Bold TRX and BTT Price Predictions

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By CCN: Tron recently fell out of the top 10 cryptocurrencies, displaced by Charles Hoskinson’s Cardano. They both compete for the smart contract market with Ethereum. Cardano has muscled Tron out of the way for the No. 10 spot. | Source: CoinMarketCap BTT: Top 30 Token in Q2? Justin Sun doesn’t believe Tron will take this lying down, and says Tron will be back in the top 10 by next month. More daring than that, however, is Sun’s prediction that BitTorrent, which did its popular ICO via Binance, will be…

Sprott CEO Predicts Bullish Future for Blockchain-Based Digital Gold

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Peter Grosskopf, CEO of the global asset manager Sprott, has posited that blockchain technology will make gold a more valuable and practical asset, according to an interview with Kitco News on May 7. Regarding the day-to-day usability of gold — and how blockchain improves the situation — Grosskopf remarks: “I think it was quite realistic to criticize gold because you weren’t gonna go to a gas station and pay for your fill-up with gold coins. But now, when gold can be digitized, put on the blockchain — moved around very…

Analyst Expects Bitcoin To See Bullish Continuation: BTC Taps $6,000 –

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Bitcoin Set To Trend Higher Over the past week, Bitcoin (BTC) has begun to recover after a brutal 10% sell-off, sparked as a result of news that Bitfinex and Tether (USDT) may be in precarious financial standing. As of the time of writing this, BTC is currently trading at $5,900 on major spot markets, up from the $5,375 seen just seven days ago, a gain of just shy of 10%. Interestingly, a good portion of these gains has come within the past 48 hours. The recent surge hasn’t been decidedly…

Analyst Expects Bitcoin To See Bullish Continuation: BTC Taps $6,000 –

boss

Bitcoin Set To Trend Higher Over the past week, Bitcoin (BTC) has begun to recover after a brutal 10% sell-off, sparked as a result of news that Bitfinex and Tether (USDT) may be in precarious financial standing. As of the time of writing this, BTC is currently trading at $5,900 on major spot markets, up from the $5,375 seen just seven days ago, a gain of just shy of 10%. Interestingly, a good portion of these gains has come within the past 48 hours. The recent surge hasn’t been decidedly…