Verge Can be Under Attack For 3rd Time in 2 Months

Previous attacks allowed hackers to steal $ 1 million and $ 1.8 million respectively
30 May 2018   699

Verge cryptocurrency is under new unconfirmed attack. If this information is confirmed, then today's attack will be the third in the last 2 months. Previous attacks allowed hackers to steal $ 1 million and $ 1.8 million respectively. This is reported by Bitcoinist.

May 27, the user Bitcointalk under the nickname CHIEF56 drew attention to the address Verge, containing "strange" transactions. On closer examination, it turned out that these transactions correspond to timestamps that were not found in other explorers of the blockchain, which could be a sign of the ongoing re-use attack.

Others drew attention to the fact that one of the addresses used in the first attack has a negative balance on the account, while at another address, according to the statement of CHIEF56, there were 142 853 089 stolen XVG. On May 29, the user Ocminer, who warned the community about the first attack, confirmed the information published earlier.

At the same time, the data from the Verge network show that the drop in the complexity of none of the five crypto currency algorithms has occurred, as was the case in previous cases. Supporters of Verge pay attention to the fact that during the last week the blocks are released at the usual speed, which should speak of the stability of the detachment.

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   155

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.
 

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.