Binance, one of the world’s most prominent bitcoin exchanges has confirmed that hackers have infiltrated their exchange and stolen $41 million worth of Bitcoin from their wallet storage.. While Binance stores a number of different cryptocurrencies, the official announcement says that only bitcoins were stolen. The amount was 7,000 bitcoins and it was done in a single go. Binance said only its “hot wallet” — an industry term for a pool of funds that can be accessed online — was hit in Wednesday’s attack. This wallet only had 2% of its total bitcoin funds. Address - Bitcoin Wiki. A Bitcoin address, or simply address, is an identifier of 26-35 alphanumeric characters, beginning with the number 1 or 3, that represents a possible destination for a bitcoin payment.Addresses can be generated at no cost by any user of Bitcoin.For example, using Bitcoin Core , one can click "New Address" and be assigned an address.It is also possible to get a Bitcoin ... Home News Newsflash: Bitfinex IEO & Binance Hack Update . Of Marcel Knobloch – 10.05.2019 . Bitfinex IEO. Bitfinex has chosen to raise $ 1 billion through an Initial Exchange Offering (IEO). The inner-earth objects are similar to the Initial Coin Offerings, with the exception that it can be reviewed by the exchanges, and of these carried out. Date: Feb 2014. Crypto amount stolen: 850,000 BTC. Fiat equivalent at the time: ~ $470 million USD . Although this hack comes in second on our list, it is only because of the value that Bitcoin had at the time of the hack when it was valued at less than 1,000 USD. At the time of writing this article, Bitcoin is valued at over $9,000 USD and that amount would stand at close to $8 Billion USD ... Cryptocurrencies like bitcoin are treated as “property” per IRS rules (IRS Notice 2014-21). When you trade cryptocurrency for a profit, you end up having to pay taxes on the resulting capital gains. The capital gains (profit) is the difference between how much you paid for the cryptocurrency (the cost basis) Read more… By Cyber Flows, 1 month 1 month ago . Bitcoin (BTC) Binance unveils ... The exchange launched a specialized Margin Wallet for the platform, with the option to move funds to the primary Binance Wallet without any cost. The new feature, announced back in May, is part of Binance’s 2.0 platform release and customers can choose from 6 different cryptocurrencies to use, including Bitcoin, Ether, and Binance’s native coin BNB. Binance, one of the world’s biggest cryptocurrency exchanges, has been hit by a $41m hack — just the latest in a string of thefts in the crypto world.. Malta-based Binance announced in a blog post on Wednesday that “hackers used a variety of techniques, including phishing, viruses and other attacks” to withdraw 7,000 bitcoin.. Binance has suspended withdrawals for the time being but ... NFL Players ︎ Bitcoin. The love affair between American Football stars and Bitcoin came to the fore just two weeks ago and has blossomed since then. It all started innocuously enough, with a Random tweet from LA Chargers Offensive Tackle, Russell Okung: “Pay me in Bitcoin”. Pay me in Bitcoin.
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