Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Binance Hack Debunked
Binance CEO Reassures Consumers Their Funds Are Safe Amid Hacking Rumors
Following the speculation making rounds stating Binance was hacked, the company’s CEO, Changpeng Zhao, disputed the claims while assuring the community that funds on the trading platform are safe. Zhao clarified the issue by showing the error originated from the data transmission issues experienced by one of their partners. He said nothing has interfered with its matching engine and the system is still genuinely corruption-free. Trading has been paused on the exchange’s platform, says the CEO. Binance, named as one…
5 years ago