2018-7-11 19:20 |
The attack highlights both the perks and drawbacks of centralized authority in cryptocurrency exchange and blockchain technology.
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According to a tweet from the CEO of Binance, Changpeng Zhao, the well-known cryptocurrency exchange has suddenly paused its trading due to what is being called “unscheduled maintenance. ” The tweet did not explain much more than that, but Binance has been facing issues for the past few weeks, infuriating their users.
Crypto exchange Binance has rolled out yet another service offering dubbed Binance X. The platform will serve as a hub to engage and support developers and foster third-party development within Binance's network.
Privacy-focused web browser Brave has announced plans to develop its own crypto wallet, which will run on MetaMask's open-source codebase. The wallet will support Ethereum tokens, including Brave's own native BAT, and cryptocollectibles like CryptoKitties.
Crypto exchange Binance has announced it will launch Binance Lending. The service will allow users to lend out their dormant holdings and earn interest in return. The service will launch with support for Tether, Binance Coin, and Ethereum Classic.
Agencies to include the Federal Bureau of Investigation, the Royal Canadian Mounted Police, an Australian investigative agency, and an unnamed agency have opened separate investigations into the defunct Canadian crypto exchange QuadrigaCX.
Data firm Nomics has announced the launch of its transparent volume service, which calculates the percentage of real volume traded on crypto exchanges to push back against the trend of faked trading volume.
Though Binance has maintained that the know-your-customer hack earlier this month was not entirely made up of Binance users, those whose photos were successfully linked to the exchange will receive free, lifetime VIP membership accounts.