Private Equity Moris Beracha Wuani

By Yogita Khatri Cryptocurrency exchange Binance said it is revamping security measures after losing some 7,000 bitcoin worth over $40 million in a hack earlier this week. “Significant” changes related to its application programming interface (API), two-factor authentication (2FA) and withdrawal validation are being made, Binance CEO Changpeng Zhao said in a blog post published on Friday. The exchange did not disclose more details regarding these efforts, but said it is also improving its risk management and know-your-customer procedures to fight phishing, among other additional security measures at the back-end. Binance will take action of some of the measures within this week and in the coming weeks in order to resume services at the earliest, according to the post. Zhao said tentatively, the exchange is looking to resume withdrawals and deposits “early next week.” Binance will also be adding support for hardware-based 2FA devices such as YubiKey “very soon,”...

    By Helen Partz     Crypto market cap tracker CoinMarketCap (CMC) will remove exchanges from its calculations if they fail to provide mandatory data by June, the firm wrote in its sixth anniversary blog post on May 1. CoinMarketCap, a major source of data about all traded digital currencies , has made a series of announcements to celebrate its sixth birthday today. As such, CMC has announced a brand new alliance called the Data Accountability & Transparency Alliance (DATA) in order to provide “greater transparency, accountability, and disclosure from projects in the crypto space.” A broad number of exchanges have already joined the new alliance, including Binance , Bittrex , OKEx , Huobi , Liquid, UpBit, IDEX, OceanEX, Gate.io, KuCoin, HitBTC and Bitfinex, with more partners expected in the future, the announcement states. As a part of its transparency initiative, CoinMarketCap will also now require all the crypto exchanges...

By Marie Huillet      Data scientists at blockchain infrastructure firm Elementus have published details of recent transactions from crypto exchange CoinBene that they consider to be suspect, beginning with $105 million in crypto swiftly being moved out of the exchange’s hot wallet. The findings, reportedly based on data sourced using the Elementus Query Engine, were published  on March 27. Elementus also provides independently verifiable raw data that readers can download and compare against the Ethereum ( ETH ) blockchain. As previously reported, CoinBene was yesterday prompted to reassure users that a period of unforeseen maintenance was in fact not due to a hack, as some community members had suspected . In presenting its findings, Elementus emphatically states that it is not aiming “to refute what CoinBene is claiming.” It nonetheless presents several key observations based on its findings, arguing that the identified pattern of transf...

by Nathan Rodriguez   Binance Coin has reportedly extended its latest gains, thus it set a new all-time high in Bitcoin-denominated value. Also known as BNB, it is the token issued by the world’s largest digital currency exchange by trade volume called Binance. Setting A New Record At press time, the aforementioned token was trading at around 0.002619 BTC or $9.60. It is worth noting that before it reached the new figure, it was only able to reach 0.002688. This was believed to around 10:00 UTC Monday. This is basically the crypto’s highest price in its entire one and a half year history, as per the data from Binance. The company said to have first listed BNB for trading sometime in July 2017. Since then, the token was successful in receiving at least 9,600 percent return on investment, particularly from its Initial Coin Offering (ICO) on December of the same year and with a price of $0.10. At the same time, the BNB still has a lot of ways to go...

By William Suberg/ Cointelegraph The CEO of world’s largest cryptocurrency exchange Binance said he “hoped others would follow” his decision to donate all listing fees to charity after a sudden announcement Monday, October 8. According to the announcement, beginning “immediately” meanwhile, Binance will not only donate all such fees to charitable causes for the “greater good,” but also allow developers themselves to name the amount they pay, without demanding a minimum fee. “Binance will continue to use the same high standard for the listing review process,” the announcement continues. “A large donation does not guarantee or in any way influence the outcome of our listing review process.” Confirming the news on Twitter, Binance CEO Changpeng Zhao capped a period of controversy surrounding Binance, during which industry sources and users alike criticized the platform for the allegedly exorbitant fees it charges developers to list altcoins. In August, Christoph...