Binance, the world’s largest cryptocurrency exchange by trading volume, suspended trading services on Wednesday after irregular transactions were reported on its platform.
The project later confirmed after an investigation that it discovered “odd trading behavior coupled with atypical blockchain activity.”
We saw massive bot activity, our community let us know that they were having trouble with deposits at Binance.”
Three hours after Syscoin’s Tweet, Binance said in a blog post that it has halted the platform’s all trading services as it will “undergo system maintenance,” during which “trading, withdrawals and other account functions will be suspended.”
“Due to irregular trading on some APIs, Binance will remove all existing API keys as a precautionary security measure.
We are investigating a possible issue on the Syscoin blockchain, nothing is confirmed but we have asked for exchanges to halt trading while we investigate. – @syscoin What happened: Syscoin ($SYS) went lunar… literally.
The BTC they received was then withdrawn, prompting Binance to temporarily cease trading and to reset all APIs, which are believed to have facilitated the attack. Intriguingly, the Syscoin hack came just one day after blockchain security protocol Blue claimed that half of the top 50 cryptocurrencies were vulnerable to “destructive flaws”. Binance Cancels All
Widely irregular trading activity took place on Binance — resulting in a deal worth upwards of $ 6 million. Peculiar activity on the Syscoin blockchain took place at block 87670, as more than one billion coins were mined.
The trading services were likely stopped due to some potential issue with the function of the Syscoin blockchain network as Binance caters to 87% of trading volumes for the SYS coin.
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Syscoin’s blockchain was supposedly jeopardized yesterday as abnormal activity took place at block 87670. Widely irregular trading activity took place on Binance — resulting in a deal worth upwards of $6 million.
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Sentiment in ethereum trading places has turned worse than it perhaps has ever been. Even during the Slockit DAO affair they were slightly more cheerful. Perhaps with good reason. While...
The post An Ethereum Bull Turns Bear, Mystics Wonder: What Could it Mean? appeared first on Trustnodes.
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As previously reported by CoinDesk, Bithumb, one of the largest crypto exchanges in South Korea and the world by trading volume, was hacked on June 20 – an event that saw 35 billion Korean won ($31 million) in various cryptocurrencies stolen.
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Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea's leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice.
When Brian Armstrong founded Coinbase in 2012 Bitcoin was worth around $10 and existed in relative obscurity. Those who had heard about this digital money or even the word cryptocurrency probably did so through a news brief about the dark web.
Yoni Assia, Founder and CEO of eToro, who has been trading since the age of 13, believes that ideas right now are much bigger in scale than they were in the dotcom era. He feels this is the explanation behind the obscenely large amounts of money raised at ICOs. Since the start of this year […]
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We were skeptical of the bull run in December and had called for the traders to sell their positions. Trading, on the other hand, is a different ball game because its goal is to capitalize on short-term price action.
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That’s because Friday, July 27 is the date that bitcoin futures contracts offered by derivatives giant CME Group are scheduled to expire. Investor interest in the bitcoin futures market is seeing substantial growth – perhaps best depicted by a tweet from the CME Group which stated that their bitcoin futures product was up 93 percent
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South Korea’s biggest cryptocurrency exchange Bithumb is scrambling to protect users funds after a large scale hack. Bithumb has already assured customers affected by the hack will be compensated for their losses.
