Day: May 8, 2019

Tron’s Justin Sun Offers to Deposit 7,000 BTC into Hacked Binance

boss

By CCN: It’s during the tough times that you find out who your real friends are. If there was any doubt the crypto ecosystem is filled with people who respect Binance CEO Changpeng Zhao, they were erased today. If you didn’t hear, Binance suffered a hack in which 7,000 BTC worth an eye-popping $40 million was stolen from the crypto exchange. In the wake of that security breach, not only did industry leaders such as Justin Sun rally behind CZ, but users of the exchange were extremely supportive. The Tron…

Bitcoin Plunges To $5,700 As Binance Loses 700 BTC In Hack: Crypto In Shock

boss

Binance Sees “Security Breach” 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. Early Tuesday, Changpeng “CZ” Zhao, the chief executive of Binance, took to Twitter to reveal that has platform had to undergo “unscheduled server maintenance” that would “impact deposits and withdrawals”. Interestingly, CZ noted that the “funds are #safu”, evidently…

Binance Suffers a Security Breach, CZ Calls It ‘Not the Best of Days’

boss

By CCN: Binance, the No. 1 cryptocurrency exchange based on trading volume, has been hacked. Changpeng “CZ” Zhao, who is at the helm of the exchange, made the announcement on Twitter after previously sharing that “unscheduled server maintanance” was unfolding. As it turns out, it was much worse than imagined, with hackers making away with 7,000 bitcoins, which at the current BTC price is worth approximately $40 million. The funds were stolen from Binance’s hot wallet, which was comprised of 2% of the exchange’s bitcoin holdings. Binance issued the following statement:…

Binance Suffers a Security Breach, CZ Calls It ‘Not the Best of Days’

boss

By CCN: Binance, the No. 1 cryptocurrency exchange based on trading volume, has been hacked. Changpeng “CZ” Zhao, who is at the helm of the exchange, made the announcement on Twitter after previously sharing that “unscheduled server maintanance” was unfolding. As it turns out, it was much worse than imagined, with hackers making away with 7,000 bitcoins, which at the current BTC price is worth approximately $40 million. The funds were stolen from Binance’s hot wallet, which was comprised of 2% of the exchange’s bitcoin holdings. Binance issued the following statement:…

Billionaire Charlie Munger Compares Bitcoin Investors to ‘Judas Iscariot’

boss

In a bizarre turn of events, Charlie Munger–one of Wall Street’s most recognizable figures and long-time partner to Warren Buffett–compared cryptocurrency investors to the biblical figure of Judas Iscariot. The billionaire investor and Vice Chairman for Berkshire Hathaway continued his criticism of Bitcoin, which has been ongoing for several years. Munger’s comments follow on the heels of the most recent remarks by partner Warren Buffett, who last week called Bitcoin a “gambling device.” Buffett, who is worth over $90 billion, lamented the state of Bitcoin and cryptocurrency investing as a…

Barry Silbert Gives Fox Business’ Maria Bartiromo Sales Pitch on Bitcoin

boss

By CCN: Barry Silbert, who is at the helm of Grayscale Investments, is taking his firm’s ‘Drop Gold’ campaign to Wall Street, or at least to Midtown. Grayscale’s Silbert was a featured guest on Fox Business’ “Mornings with Maria” program featuring host Maria Bartiromo, who prior to joining Fox Business rose to fame at CNBC. The last time that the crypto investor was a guest on Maria’s show, the bitcoin price was trading at $500. Now with the price perched above $5,000 and barreling for $6,000, the financial media’s interest…

Barry Silbert Gives Fox Business’ Maria Bartiromo Sales Pitch on Bitcoin

boss

By CCN: Barry Silbert, who is at the helm of Grayscale Investments, is taking his firm’s ‘Drop Gold’ campaign to Wall Street, or at least to Midtown. Grayscale’s Silbert was a featured guest on Fox Business’ “Mornings with Maria” program featuring host Maria Bartiromo, who prior to joining Fox Business rose to fame at CNBC. The last time that the crypto investor was a guest on Maria’s show, the bitcoin price was trading at $500. Now with the price perched above $5,000 and barreling for $6,000, the financial media’s interest…