The CEO of Binance, Changpeng Zhao (CZ) is in the latest cryptocurrency news for his announcement which shows that the hacked exchange Binance is preparing to resume with its deposits and withdrawals as of tomorrow, Tuesday May 14th.
“Our team is making progress and has been working through the weekend. In the past few days, we have made some significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected. We will share details on some of the changes later,” Zhao wrote in a brief update describing the situation around the hacked exchange Binance.
“We aim to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a later stage, depending on how the testing goes. This upgrade will require a trading halt. We will update you again tomorrow,” he added.
Right now, all of the withdrawal and deposit actions on the hacked exchange Binance are marked “Suspend” and can’t be carried out. However, the coming altcoin news show one user who said that the deposits can be sent to the address by way of previously identified addresses.
In the previous announcements, the hacked exchange Binance announced upcoming support for the hardware-based 2FA devices such as YubiKey.
The breach, on the other hand, went viral on many best cryptocurrency news sites last week, where the unnamed hackers apparently got away with 7,000 BTC (worth approx. $41 million at the time) from the hot wallets of Binance. They accessed both the user API keys and proceeded with the two-factor authentication codes to withdraw the cryptocurrency.
The hacked exchange Binance afterwards stopped the withdrawals and deposits but allowed the intra-token trading on the site. The hackers moved the stolen Bitcoin, causing many to speculate that they are preparing to launder the money through many cryptocurrency exchanges.
Right now, the coming altcoin news show a slight correction in the market and a total cryptocurrency market cap of $213 billion, with $77 billion in 24 hour trading volume. The Bitcoin dominance has decreased a bit and almost every coin in the top 10 – besides Binance Coin (BNB) – is correcting anywhere from 1% to 5%.
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“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
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“BSV doubled on Craig’s copyright news. This is only the start of him proving BSV is the only bitcoin. Now is a great time to convert all your other shite coins to Bitcoin.”However, as reported in the latest cryptocurrency news, the copyright does not entitle Craig Wright with any exclusive rights on Bitcoin. It seems as the big pockets are pouring and pumping the Bitcoin SV market to confirm the ‘’we-are-the-best’’ slogan. A massive 200 price surge is one of the reasons why traders should restrain themselves from buying the high or the lower lows. The Bitcoin SV (BSV) price corrected up to 53 percent before establishing a historic high at $195 on Huobi. The market bias is currently bullish and the majority of the technical indicators signal the strong buying sentiment. With the flawed fundamentals, a dump right now should not surprise the market.
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