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Binance.US incident stops its operations


Today, the CEO of Binance.US announced that the crypto exchange would be stopping its operations and orders after a “incident” not specified. Binance.US hacked?

Binance.US under attack?

Binance.US reported earlier today that it would be pausing its operations, following an undisclosed incident on its system.

“At 11:26 am EST, we noticed that our systems were not working as expected. To protect our users, we will stop trading, processing orders, buying cryptocurrencies, deposits and withdrawalsBinance.US wrote about the incident on Twitter.

Therefore, they added that they will allow users to “cancel your orders 30 minutes before we reopen trading. We hope this takes 6 hours“.

After this first statement about the incident, Binance.US ran to clarify on the social network that the funds were safe by writing “the funds are #SAFU”In order to avoid alarming its users.

Likewise, said Tweet was followed by the clarification that it was not a hack:

“We noticed a bug that did not allow users to view their orders and we did not want users to operate blindly. Fixing this requires suspending the platform’s activities. We will provide additional updates as they become available ”wrote the official Binance.US account.

Meanwhile, its CEO, Catherine Coley wrote on Twitter that she would be providing an update once they get more information about it and her “team works diligently to restore service for all of our users“.

Obviously Coley was also asked if it was a hack, to which he replied: “We have not been hacked. We are working to resolve it as soon as possible and taking precautions in advance to protect our users. “

It seems that what Binance.US suffered was just an incident, however the community was evidently concerned.

1 million Bitcoin wallets in daily use!

We can’t believe it! Finally, the number of active Bitcoin wallets has reached a maximum that we have not seen since 2018.

According to the data provided by Glassnode, Bitcoin has achieved more than 1 million daily active addresses for the first time since January 2018.

Without a doubt, this new achievement reflects a general positive sentiment on Bitcoin and cryptos, especially as they are used to hedge against possible inflation.

We have evidence of recent institutional activity in Bitcoin!

Earlier today, we reported on CryptoTrend that the Whale Alert Twitter account posted that US $ 1 billion was transferred with a staggeringly low commission.

And, in this same vein, yesterday, a report from Chainalysis noted that Bitcoin transactions in North America were worth more than $ 1 million.

51% Attack on Ethereum Classic Caused $ 1.7 Million Crypto Loss

Yesterday we reported from CryptoTrend that the second 51% attack was being carried out on Ethereum Classic, and today we know the consequences.

The information was revealed by Bitquery after finding that the 51% attacker on ETC managed to extract almost $ 1.7 million from Bitfinex.

The interesting thing is that the second attack that occurred yesterday was too similar to that of last week. In fact, Bitquery found that the attacker used the same methodology as the previous attack on July 31.

Now Business Wire reported that Ethereum Classic Labs will enlist the help of the law firm Kobre & Kim LLP and CipherTrace to pursue those responsible.

OneCoin Lawyers Manage to Remove Crypto Scam Warning

The latest update regarding the terrible and controversial case of OneCoin is that the lawyers managed to pressure the UK Financial Conduct Authority, with the aim of eliminating the scam warning about the project.

This was reported through a BBC podcast called “The Missing Cryptoqueen.” But this does not end here.

According to the BBC podcast, once the warning was removed, it was used as part of a public relations campaign to establish the legitimacy of the project.

In a few lines …

  • Atari launches a crypto console called Atari VCS, which will incorporate Blockchain technology.
  • Today a meeting was held between Ethereum (ETH) developers where the topic was the possible measures to take to avoid the 51% attacks.
  • Investigation by Simone Conti he found that 90% of the tokens for almost all DeFi projects are concentrated in 500 addresses.

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