Archives

August 27, 2019 @ 7:08 am By Cali Haan  |  

A problem with Amazon Web Services caused, “some 500 error messages on APIs and affecting some withdrawal processing,” at Binance, the exchange’s CEO claimed on Twitter Friday. Amazon Web Services (AWS)  is a cloud-computing platform and subsidiary of Amazon. Individuals, companies and governments use the… Read More

August 19, 2019 @ 1:40 pm By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Monday its new open blockchain project, called Venus. According to Binance, Venus is described as an initiative to develop localize stablecoins and digital assets pegged to fiat currencies across the globe. “Binance is looking to create new alliances and partnerships… Read More

August 9, 2019 @ 2:29 am By Cali Haan  |  

A Regtech/blockchain forensics firm called Clain has determined that hackers who stole 7074 Bitcoins (worth $80 million USD) from the Binance exchange in May used a tumbling service called Chipmixer to obfuscate movements of the stolen funds. Clain, “a start-up…that provides enhanced AML/KYC solutions in… Read More

August 8, 2019 @ 7:39 am By Cali Haan  |  

A hacker has started leaking KYC (know your customer) data he or she claims is from Binance, the world’s largest crypto exchange by volume. The data, which includes photos of passports and other IDs, is now being circulated on a Telegram channel with 10 000 users that… Read More

July 17, 2019 @ 8:29 pm By Cali Haan  |  

Binance, a major cryptocurrency exchange that suffered a $44 million USD hack in May, recently processed some of the Bitcoins stolen from it on behalf of the hackers, digital currency Regtech firm Coinfirm reports. According to data Coinfirm furnished to Coindesk, hackers have been moving… Read More

July 17, 2019 @ 2:51 am By Cali Haan  |  

Bitcoin’s recent rollercoaster ride, involving multiple thousand-dollar fluctuations between $9000 and $14 000 USD within very short time frames (sometimes less than 2 hours) is being brought about by an increase in leverage available at exchanges, “CZ Binance” told Bloomberg recently. Changpeng Zhao or “CZ”… Read More

July 12, 2019 @ 10:25 pm By Samantha Hurst  |  

Binance, the world’s largest cryptocurrency exchange by volume, announced on Thursday it has completed the eight quarterly “burn” of Binance coin (BNB) tokens. In a blog post, the Binance team revealed they will give up all of their BNB allocations and contribute them towards their… Read More

June 27, 2019 @ 8:32 am By JD Alois  |  

Paxos, a trust company regulated by the New York State Department of Financial Services, has partnered with Binance, the world’s largest crypto exchange, to integrate a new deposit gateway. According to Paxos, the portal will allow traders to exchange fiat directly for PAX on the… Read More

June 14, 2019 @ 4:16 pm By Cali Haan  |  

One day after announcing the creation of a dedicated cryptocurrency trading platform for US customers, Binance, the world’s largest cryptocurrency exchange by volume, has modified its terms of service to exclude “any U.S. person.” The change comes under the subheading “Prohibition of Use” in the… Read More

May 29, 2019 @ 9:00 am By JD Alois  |  

Binance, the world’s largest cryptocurrency exchange, has formed a partnership with crypto lending platform Cred. Binance is also an investor in Cred. Cred is backed by some large investors in the crypto sector including Binance Labs, 500 Startups, Arrington XRP Capital, Blocktower and FBG Capital…. Read More

May 27, 2019 @ 9:52 pm By Cali Haan  |  

Ex parte orders filed against the Binance crypto trading platforms by a leg of the VC firm Sequoia Capital have backfired as a judge’s staying of the orders have ushered in a countersuit against Sequoia brought by Binance CEO Changing Zhao, also known as “CZ,”… Read More

May 11, 2019 @ 11:07 am By Cali Haan  |  

Changpeng Zhao, CEO of Binance, one of the world’s largest cryptocurrency trading platforms, has issued a blog post stating the business is working hard to tighten security after hackers stole 7070 Bitcoins (worth ~$44 million USD) from an exchange hot wallet earlier this week. Zhao… Read More

May 9, 2019 @ 4:22 pm By Cali Haan  |  

Changpeng Zhao, CEO and founder of Binance, the world’s largest cryptocurrency exchange, stirred controversy this week when he suggested that colluding Bitcoin miners could “roll-back” Bitcoin’s data records and recover $41 million USD in bitcoins hacked from Binance this week. Zhao made the comments in… Read More

May 8, 2019 @ 3:13 pm By JD Alois  |  

Schadenfreude? Binance, the largest crypto exchange in the world, suffered a humbling hack where a hot wallet was compromised and criminals absconded with a mere $40 million. Other exchanges and crypto insiders have been quick to comment on the ignominious event. Julie Plavnik, CBDO at… Read More

May 8, 2019 @ 12:18 pm By Cali Haan  |  

Hackers breached a single hot wallet at Binance this week and made off with $40.7 million USD in Bitcoins. This is according to the “Binance Security Breach Update” posted May 7th on the Binance website: “We have discovered a large scale security breach today, May 7,… Read More

April 23, 2019 @ 8:10 am By Samantha Hurst  |  

Binance, the world’s largest cryptocurrency exchange by volume, has officially launched its services in Singapore. According to TechCrunch, the launch of the service comes just six months after the crypto exchange received an investment from Vertex, a VC firm that is backed by Singapore-based sovereign… Read More

April 11, 2019 @ 1:52 pm By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Thursday it has formed a new partnership with blockchain security company CipherTrace to further enhance the exchange’s robust anti-money laundering (AML) compliance program. Binance reported that CipherTrace will raise its platform’s compliance standards in line with a worldwide progression of… Read More

April 5, 2019 @ 8:52 pm By Samantha Hurst  |  

Cryptocurrency exchange Binance announced earlier this week it opened trading for NANO/USDT, OMG/USDT and OMG/BNB trading pairs on its platform. As previously reported, Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, Info, Academy, Trust Wallet, and Blockchain Charity Foundation (BCF). “Binance Exchange is… Read More

March 21, 2019 @ 1:56 pm By JD Alois  |  

Announced during the Security Token Summit in Bermuda this week, tribeOS said its “digital security offering” FIRE has received regulatory approval under Bermuda’s young ICO Act (2018). tribeOS is described as a blockchain-based digital advertising marketplace designed to help advertisers and publishers run secure, fraud-free… Read More

February 4, 2019 @ 9:26 am By JD Alois  |  

The Foundation for Interwallet Operability (FIO) and FIO Protocol, an inter-wallet operability protocol that makes it easier to move tokens and coins, has announced that Trust Wallet, the official mobile wallet of cryptocurrency exchange Binance, has joined the Foundation. Trust Wallet was acquired by Binance… Read More