Binance to Burn Own Tokens for 7th Time

This time, the exchange burned 829,888 BNBs, which roughly corresponds to $ 15.6 million
16 April 2019   243

Binance Cryptocurrency Exchange conducted the seventh procedure for burning BNB tokens.

This time, the exchange burned 829,888 BNBs, which roughly corresponds to $ 15.6 million. The table below shows that compared to last time, the volume of withdrawn tokens decreased twice:

BNB Token Burn Table
BNB Token Burn Table

The amount of BNB burned this quarter is about half the amount burned last quarter. But considering BNB has more than tripled in value during these past 3 months, the USD equivalent is significantly higher than last quarter.
 

Changpeng Zhao

CEO, Binance

Binance representatives also noted that as the price increases, BNBs will decrease and the volume of regularly burned tokens.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   88

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.