Hackers have stolen over $40 million worth of bitcoin from Binance, world's largest cryptocurrency exchanges, the company said on Tuesday. From a report: In a statement, the company said hackers stole API keys, two-factor codes and other information in the attack. Binance traced the cryptocurrency theft -- more than 7,000 bitcoins at the time of writing -- to a single wallet after the hackers ... In financial terms, a “bubble” is a state where an asset stays stale for the longest time, then explodes and its price skyrockets through the roof.The “burst” that was referenced happens when this asset’s price drops down as quickly as it rose up. The fall has to be very specific, however - and by specific I mean permanent. If the asset (in this case, Bitcoin) manages to rise again ... The Binance Hack in Retrospect: What Does It Mean for Crypto? May 22, 2019, 10:02AM. Hacks & Frauds 4 min, 15 sec READ. by Mike Dalton. Last week, Binance suffered a major hack. It has since recovered and it is back in full force―but what are the larger implications of the attack? On May 7th, Binance was targeted by an attack that cost it more than 7000 Bitcoin, or about $40 million. During ... But what does it actually mean? It essentially shows how much supply enters the market each year for a given resource relative to the total supply. The higher the Stock to Flow ratio, the less new supply enters the market relative to the total supply. As such, an asset with a higher Stock to Flow ratio should, in theory, retain its value well over the long-term. In contrast, consumable goods ... Binance’s certainty is that regardless of what will happen, Bitcoin is here to stay, all the more so at this time when the Covid 19 pandemic has revolutionized the world economy. Binance says there’s a need for a currency that resists censorship, without controls, without borders and that is set not to devalue itself. Binance trade volume and market listings Binance and Paxos don’t charge a fee for the purchase or redemption of Binance USD (BUSD) However bank charges/wire fees may apply. Transfer globally, fast and low-cost. Supported on both ERC-20 and BEP-2; transfer your dollars anywhere in minutes, with low cost and on the blockchain.
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