|
5thFear
|
 |
May 09, 2019, 01:40:33 PM |
|
Its a bad news for crypto world. I mean the only effect it will create is to make the investors loose trust in cryptocurrency. Binance was one of the giants of crypto world and if they can get hacked then anything can get hacked. So it shows that there are alot of things that needs to be done in the crypto world to make it safer.
|
|
|
|
|
|
|
|
|
|
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
19Nov16
|
|
May 09, 2019, 02:48:15 PM |
|
Hope this not has a big impact on the market because the market is improving, until now I have not been able to withdraw and the status is still suspended, I hope they immediately resolve this matter so that it makes me no longer worried.
|
|
|
|
Rustamm
Member
 Offline
Activity: 532
Merit: 18
Bitcoin lover!
|
|
May 09, 2019, 03:30:46 PM |
|
Fortunately, after Binance hacking, the market quickly returned to growth and the price of Bitcoin overcame the price of $6000 and if the price now holds for some time, then there is every chance to see the price continue to rise. Binance management was able to mitigate the effects of hacking the stock as much as possible by its decision to compensate the exchange users for losses, which is why this exchange is the best among the exchanges.
|
|
|
|
|
|
xOdiumNostrumx
|
|
May 09, 2019, 04:38:49 PM |
|
I used to really admire CZ, but he recently became so painfully arrogant, that it boggles my mind. This recent hack could be a solid reality check for him tho, we shall see. But yes, its great to see that, at least for now, the market didn't react irrationally and there was no major dump following the hack and the Bitfinex tether fiasco. The market sentiment is definitely much better than couple of months ago.
|
|
|
|
|
|
CoinsOrDie
|
|
May 09, 2019, 11:33:58 PM |
|
I don't think it will affect the market because CZ along with other well wishers in the blockchain industry such as Tron and Quakchain CEO, has handled the ugly situation well and with the insurance cover from "safu funds", I can say that everyone will be fine
|
|
|
|
Frink
Jr. Member
Offline
Activity: 48
Merit: 35
|
|
May 10, 2019, 12:02:04 AM |
|
I think it doesn't affect much. binance will compensate the stolen investors. This will help binance be more interested by investors.
Only hot wallet was compromised, which makes about 2% of all funds. So users funds are safe. This right here is the reason for hot and cold wallets.. so in other words, I'd actually say that their security mostly worked. |
|
|
|
|
|
smyslov
|
|
May 10, 2019, 12:14:18 AM |
|
Honestly, I thought it will have a big impact on the price I was a bit worried because we already had the momentum and was hoping for another all-time high this year, but it did not the price is still stable it did not make a dip and still goes from $6000 to $6100.
|
|
|
|
|
ansarose1
Member
Offline
Activity: 784
Merit: 10
|
|
May 10, 2019, 01:48:43 AM |
|
Im my opinion, i think the stolen value of binance like about 7000 bitcoin has a thing to do with the market, yes i think it can affect the market circulation of prices. And a big margin loss i think. But maybe not all altcoins are affected.
|
|
|
|
|
Dewi Aries
Legendary
Offline
Activity: 2688
Merit: 1091
Leading Crypto Sports Betting & Casino Platform
|
|
May 10, 2019, 02:13:53 AM |
|
I think it doesn't affect much. binance will compensate the stolen investors. This will help binance be more interested by investors.
Only hot wallet was compromised, which makes about 2% of all funds. So users funds are safe. This right here is the reason for hot and cold wallets.. so in other words, I'd actually say that their security mostly worked. 7k only 2% of bitcoin that stored in Binance. With that big amount of bitcoin that stored there, they might be have strong security to keep it safe. But i think they can compensate their users, already prove if they really professional to handle user's money. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
labilaab
Member
Offline
Activity: 616
Merit: 11
TRADE WITH NEGATIVE FEES
|
|
May 10, 2019, 02:21:30 AM |
|
Its so alarming really and I think it is really bad since it will really have a huge impact to other exchanges too. Since we all know how popular Binance is aside from its the top crypto exchange in the market and its been hacked so how much more this other exchanges.
|
|
|
|
|
Distinctin
|
|
May 10, 2019, 03:05:35 AM |
|
Its so alarming really and I think it is really bad since it will really have a huge impact to other exchanges too. Since we all know how popular Binance is aside from its the top crypto exchange in the market and its been hacked so how much more this other exchanges.
Just stop worrying, nothing bad happen in the market, instead, enjoy what is happening now because bitcoin is mooning at the moment. Let Binance take care of their problem, and with this big amount of lose, they will learn and improve their security. |
| | .
.Duelbits. | │ | ..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE | │ | DUELBITS
FANTASY
SPORTS | ████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀ | .
▬▬
VS
▬▬ | ████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀ | /// PLAY FOR FREE ///
WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
motienvolam
Member
Offline
Activity: 291
Merit: 20
I love my wife and my little girl
|
|
May 10, 2019, 03:46:58 AM |
|
Fortunately, after Binance hacking, the market quickly returned to growth and the price of Bitcoin overcame the price of $6000 and if the price now holds for some time, then there is every chance to see the price continue to rise. Binance management was able to mitigate the effects of hacking the stock as much as possible by its decision to compensate the exchange users for losses, which is why this exchange is the best among the exchanges.
Partially because Binance claim to be responsible losses for their customers, so the Binance team reacted with hack very good. Bitcoin upward movements to above $6000 dramatically affected price of altcoins. They all have fallen down in BTC pairs whilst their price in USDT pairs have remained stable. I have a feeling like bitcoin will stop its rises sooner or later around $6200, then when bitcoin corrected from $6200 range, altcoins might see another massacre wave in coming weeks. It sounds like too pessimistic scenario, but who knows. In my opinion, prices of altcoins are cheap, so if they fall deeper a bit, we should not worry or panic, because they will sure rally. |
|
|
|
|
Ozero
Full Member
Offline
Activity: 2044
Merit: 180
Chainjoes.com
|
|
May 10, 2019, 04:00:28 AM |
|
Honestly, I thought it will have a big impact on the price I was a bit worried because we already had the momentum and was hoping for another all-time high this year, but it did not the price is still stable it did not make a dip and still goes from $6000 to $6100.
A year or two ago, the theft of 7,000 bitcoins from the most reputable exchange would certainly have caused a general decline in the cryptocurrency market. However, this time the market not only did not fall. Bitcoin continues to grow in price autumn at a fast pace. During the day, it increased in price by almost three hundred dollars and now, according to CoinMarketCap, its price is 6296 dollars. This is a very big growth, and immediately after overcoming such an important barrier of $ 6,000. |
|
|
|
|
steveabrahams
|
|
May 10, 2019, 04:03:42 AM |
|
Yeah i saw that news yesterday and yes it's affect the crypto market yesterday but thank god it's only a day and if you look at the coinmarketcap right now, bitcoin price is not go down anymore but go up, well the different is most altcoin price is going down at the same time. So i guess it's still a good news.
|
|
|
|
|
Melo20
Jr. Member
Offline
Activity: 126
Merit: 2
|
|
May 10, 2019, 06:11:34 AM |
|
The more interesting question might be who could have been affected, not by the hack itself but by Binance’s reaction. The company apparently considered doing a rollback on the bitcoin network, to undo the offending transaction. They ultimately decided against it, but even the specter has implications.
|
|
|
|
|
Fammosh82
Jr. Member
Offline
Activity: 130
Merit: 1
|
|
May 10, 2019, 06:18:27 AM |
|
On the face of it, maybe not so bad. Forty million is a plenty big number, but it’s only a small percentage of Binance funds, and users will apparently get their money back. At the very least, all Binance users need to update their API keys and two-factor authentication immediately.
|
|
|
|
|
|
hd060053
|
|
May 10, 2019, 06:24:24 AM |
|
I think it doesn't affect much. binance will compensate the stolen investors. This will help binance be more interested by investors.
Binance stated there is no affect on user funds as its safe, and the overall attack was around 2% of their BTC funds |
|
|
|
|
|
OrangeSeller
|
|
May 10, 2019, 06:51:19 AM |
|
Binance is a good exchange and lot of crypto investors trust this exchange and they will pay back to their clients and it don't make much effect on altcoin market.
The exchange will must be doing it because this can result in loss of trust if they do not repay the clients or users with their coins being stolen. The hackers were very sharp and they have stolen around 7000 Bitcoins from the world’s top exchanges. This is something that can result in loss of trust but I hope Binance will stabilize the situations up to great extent being a leading exchange they have to regain its reputation by 2x their security. |
|
|
|
|
|
FlamingFingers
|
|
May 10, 2019, 06:54:00 AM |
|
I really like the way cz_Binance handled the hack issues, it doesn't really affect the price of bnb coin also it does not really affect the whole cryptocurrency market, lots of thought were that it's gonna affect the whole market
|
|
|
|
andreibi
Legendary
Offline
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
|
|
May 10, 2019, 06:57:49 AM |
|
Naah, no effect at all on the altcoin markets. First of all, the extended bear market has already done its damage creating 90% declines in almost all coins. Most has left the markets. Secondly, these thieves has only helped reduce the circulating BTC supply because all their TX will be monitored and they won't be able to sell.
|
|
|
|
|
