Binance Still Down, Refutes the Accusations About Hack

Cryptoexchange Binance still down, but disproves alleged hack with wallet addresses
09 February 2018   1204

Today we've already reported that one of the largest cryptocurrency exchanges Binance was down for the maintenance and should have been up and running at 2 PM (UTC). The rumors were already abundant about hack, and that the prolonged downtime was just an effort at covering up a security breach.

During all this time Binance support and CEO Changpeng Zhao tried to calm customers with updates practically every two hours. Databases don't sync instantly, and the approximate data volume is staggering, so no wonder that it takes longer then expected. But the panic was still spreading, and even the notorious John McAfee accused Binance and its CEO of trying to cover up some security breach. In his Twitter post he alluded to some “sources” which gave him information about Binance being really hacked. Of course, he said that he wasn't trying to “spread the FUD”, but in turn, Changpeng Zhao called him out on it with reply, that they will prove him wrong.

And oh, they did. Blockchain is an open ledger for a reason, and having the address everyone can check the account balance and transactions. Also, according to Zhao, the released addresses are just a hot wallets with a fraction of real holdings. At the moment of publication, their Bitcoin and Etherium wallets account for $263 million and $153 million respectfully. They even went as far as to transfer 30 000 BTC from one of their cold storage accounts to a hot one just to prove that they have on hand a lot more, than initial 2000 BTC.

All in all, Binance, while suffering heavy technical problems, still manages to keep a good face. And right now support says, that everything should be online and fully functional by 4 AM (UTC) on February 9.

Binance to Support Malta Stock Ex Accelerator Program

Up to 12 fintech startups will be able to take part in the program
19 June 2018   138

The world's largest crypto exchange Binance will support the program for support of local fintech startups, organized by the Malta Stock Exchange.

Fintech Accelerator MSX will support prospective start-ups and, in particular, provide professional services for business, including accounting services and provision of workspace.

It is clear that Malta is becoming a Fintech and blockchain center of excellence and we want to allow local and foreign companies the ability to bring their ideas to the market faster. This programme offers foreign entrepreneurs easy access to a readymade solution at one of Malta’s most prestigious addresses – the Malta Stock Exchange.

Joseph Portelli

Chairman, Malta Stock Exchange

Up to 12 fintech startups will be able to take part in the program. In addition to Binance, the new accelerator for startups will be supported by the media corporation Thomson Reuters.

Previously, the head of Changpeng Jao has repeatedly noted that Malta is one of the best places for the blockchhain companies, which is facilitated by a favorable tax and regulatory climate.