Binance CEO Changpeng Zhao claims that despite the $40 million hack, the exchange is not suffering at all, not even after losing of 7,000 BTC. The coming altcoin news will give you some more insight on how the exchange is coping with the hack aftermath.
CZ encouraged everyone that wants to donate to the exchange; they can do that to Binance Charity during a live stream on Twitter in which he answered many more questions despite those related to the hack. He also pointed out the question about smart contracts and how they are not a first priority for the new binance Chain:
‘’We have not, to be honest, thought too much about the governance model of Binance Chain.’’
While speaking about Binance Chain, CZ said that the projects which are already on the chain will have a much higher chance of being listed on Binance. The statement shows that the exchange giant will give a head start to such projects regardless of whether they have significant interest from the community or not. Any existing token project who aims to be listed on Binance will only need to use the nascent chain in order to find the right way to better liquidity.
CZ also pointed out that Tether USD can only be withdrawn in the Omni BTC version. The ERC-20 version of Tether is not yet available on the exchange. While answering questions on the hack aftermath, CZ also pointed out that other exchanges will also release a similar version of the chain. Most of the blockchain projects are open source but Binance Chain’s code is not publicly available yet. He says that he wants some more traction on Binance Chain before open sourcing.
As the latest cryptocurrency news report, the Binance CEO also says that SegWit ‘’is on the roadmap but is a lower priority’’ since Bitcoin is going well so there is no rush to introduce the SegWit or the Lightning Network.
At the end of the Q&A, the Binance CEO pointed out that hackers were able to ‘’structure the withdrawal request in a way that did not violate any of our existing security policies.’’
CCN Shutdown Due To Google’s Update: How DC Forecasts Remains Stronger
Ripple And MoneyGram Join Forces: $50M Investment On The Way
“Through Ripple’s xRapid product, we will have the ability to instantly settle funds from U.S. dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.”As the website shows, MoneyGram is the second largest payments firm in the world. The coming altcoin news and its partnership with Ripple will also help the blockchain firm to gain presence in more than 200 countries (where MoneyGram actively operates). Much of the company's business lies in the remittances market, which value is estimated at around $600 billion. The CEO of Ripple, Brad Garlinghouse, also shared his excitement about the new Ripple and MoneyGram partnership, stating:
“This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies."Payment processing and sending money globally through the blockchain are definitely something that can be improved with this new partnership. By joining Ripple's growing and global network, financial institutions can process their customers' payments anywhere in the world instantly, reliably as well as cost-effectively.
Europol Aims To Improve Blockchain And Crypto Knowledge
“Participants reflected on the legitimate use of blockchain technologies, including the use of cryptocurrencies for trading and investment activities, payment method and as a store of value.”As noted in the coming altcoin news, blockchain technology spiked the interest in business leaders and governments around the world. There will be a part of every business in the future consisted of blockchain since already some major companies such as Amazon, Google and Microsoft are all into the technology.
Bitmain Sues Three Former Employees Who Founded Rival Mining Pool
Join us on Facebook
- BNB Coin Analysis: Altcoin Remains In Uptrend Despite Recent Decline
- Meet Libra: Deep Technical Analysis Of Facebook’s Cryptocurrency
- Crypto Stamp Collectibles Now Available On The ETH Blockchain
- Bitcoin Claims A New 2019 High, Other Altcoins Left In The Dust
- Tech Giants Opt for Ethereum: Why ETH is Still Behind BTC
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Ethereum News4 days ago
Ethereum Will Skyrocket By 70% Against BTC: Analyst Prediction
Bitcoin News5 days ago
Bitcoin Tax Evasion Will Be Criminally Punishable: IRS Warns
Altcoin News3 days ago
Hottest Cryptocurrency Is Up 330% This Year (And It’s Not Bitcoin)
Altcoin News5 days ago
Bitcoin Wraps Around $8,200: Consolidation Could Happen Soon
Bitcoin News5 days ago
Weiss Ratings Upgrades Bitcoin From B- To B: Report
Altcoin News4 days ago
Crypterium Launches A Global Crypto Payments Card
Altcoin News4 days ago
US Residents To Lose Access To Some Altcoins: Report
Bitcoin News4 days ago
Bitcoin Explodes In South Korea According To Google Trends Reports