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The American Cryptocurrency Exchange Coinbase paid a reward of $ 30,000 to a hacker who found critical vulnerability in the exchange system.
It is reported that the error was registered on the portal HackerOne on February 21. A Coinbase spokesman stressed that the vulnerability had already been closed, but did not cover the details. The error report itself was also closed from public access, but, given the high reward, the vulnerability was very serious.
Bears on the cryptocurrency market have dominated for more than a year. In various thematic chats you can hear a huge number of stories about the loss of more than 80-90% of the deposit in dollars, but customer losses are not reflected in any way on the cryptocurrency exchanges.
Huobi Global CEO Livio Weng in an interview with the South China Morning Post (SCMP) shared information, according to which 70% of the company's revenue brings the main exchange business.
Co-founder and managing partner of the Multicoin Capital cryptocurrency fund, Kyle Samani, shared his opinion on important trends in the field of cryptoassets for the coming year.
Samani noted that he is closely watching the popular Binance Cryptocurrency Exchange and its development of a new decentralized platform, the launch of which can change the digital industry. He expects that the status of this exchange will allow it to attract a large number of users to an alternative solution, while Binance competitors, who are also developing such platforms, are unlikely to succeed.
Brian Armstrong, CEO of the American Cryptocurrency Exchange Coinbase, urged wealthy cryptocurrency holders to donate their assets to charitable or other purposes.
In a blog post on The Giving Pledge, a charity website created by Bill Gates and Warren Buffet to encourage rich people to use their money for worthy goals, Armstrong wrote:
"Once a certain level of wealth is reached, there is little additional utility from spending more on yourself. … Whether it's through improving education, creating a more level playing field, or increasing economic freedom, I'm interested in helping more people see their ideas come to fruition in the world."
The trade in cryptocurrency grows every day, and as a result, the list of global stock exchanges needs regular updates with new trading platforms for the main cryptocurrencies and numerous altcoins.
A cryptocurrency exchange is an online resource that allows you to buy / sell electronic money online.
Today, there are more than 300 decentralized exchanges, but if we compare prices for the same currency pair on different exchanges, it is easy to single out the best among them, which allow users to make the most profitable use of the difference in rates and earn on it.
This so-called cryptocurrency arbitrage is a simple and fast way to make money on cryptocurrencies.
Analytical agency Tokeninsight presented an updated quarterly rating, which previously ranked the seven largest cryptocurrency exchanges. This time, the list included seven more platforms, which were evaluated on such indicators as trade volume, security, and compliance with laws.Ratings of cryptocurrency exchanges, as well as ratings of cryptocurrency, are very subjective and invariably provoke disputes in the cryptocurrency community. However, they continue to gain popularity. The latest report from Tokeninsight reviews the progress of cryptocurrency exchanges over the past three months in difficult market conditions.
The decentralized Binance Exchange was registered in Switzerland, owned by the Shanghai-based company Beiji Technology, managed by a team of professionals with solid experience on cryptocurrency technologies on Wall Street. The company is headed by Changpeng Zhao, who previously headed the Blockchain development department, and also co-founded and technical director of OKCoin.
The name cryptocurrency exchange Binance received as a result of the intersection of two English words: binary (binary, double) and finance (finance).
In most countries of the world, people are allowed to buy and sell Bitcoins and other crypto-currencies for profit from investments. However, as we have seen in countries such as Bangladesh, Bolivia, Ecuador and Nepal, the sudden prohibition of Bitcoin may be around the corner and very quickly become a problem for active traders. This in itself gives sufficient grounds for the crypto-investors to pay more attention to confidentiality and anonymity when trading and making transactions with cryptocurrencies.
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