BNB TOKEN
Crypto Heist: Binance covers 95% tokens, resumes withdrawals
Binance has officially restarted withdrawals for select cryptocurrencies such as bitcoin and ether, following successful recovery of a substantial amount of stolen funds linked to a massive North Korean heist. Notably, last year saw $2.9 billion in cryptocurrency stolen through multiple incidents. The crypto exchange intends to further restore withdrawal capabilities for more assets in subsequent phases.
FBI says North Korea behind $6 billion crypto theft from Binance
The FBI reported North Korea's involvement in a significant cyber heist from Binance. Binance announced that it is covering the losses with over $6.34 billion in company funds. Following the attack, the cryptocurrency market experienced a notable decline in prices, impacting major coins. The hackers, identified as TraderTraitor, are also linked to previous thefts and the notorious Lazarus Group.
Binance sets aside USD 6.34 billion to cover crypto hack losses, targets phased withdrawal resumption
In response to a significant security breach, cryptocurrency exchange Binance has earmarked USD 6.34 billion to cover losses incurred from unauthorised withdrawals amounting to about USD 6.3 billion. The company is committed to recovering these funds and restoring withdrawal services incrementally, having already safeguarded USD 5 billion in stolen assets.
Trump says US is investigating North Korea over $6.3 billion crypto exchange Binance hack: What traders need to know
Binance hack: President Donald Trump said the US is investigating a possible North Korean link to the $6.3 billion Binance hack, while the exchange pledged to cover losses and confirmed billions in assets had been frozen. Bitcoin fell to around $77,000 as the incident weighed on cryptocurrency prices.
Bitcoin hits 6-week low, drops below $78,000 as Binance’s $6 billion hack rattles crypto markets. What should investors do?
Bitcoin fell more than 4% to a six-week low below $78,000, while Ether and BNB also slumped after a reported $6.3 billion security breach at Binance rattled crypto markets. Analysts flagged key support levels and advised investors against panic selling or aggressive dip-buying, favouring staggered entries and smaller positions.
Binance hit by $6.3 billion crypto hack: Here’s what you need to know
Binance has reported a substantial security breach resulting in estimated losses of $6.3 billion. The breach was linked to a compromised laptop of a DevOps engineer facilitating unauthorized transactions. Global cryptocurrency firms have responded by freezing assets totaling nearly $2.4 billion. Additionally, Binance stated that user funds remain safe due to its Secure Asset Fund for Users.
Bitcoin, cryptocurrency prices fall after Binance reports security issue
Cryptocurrency prices fell on Friday after Binance reported a potential security issue and said more than $2.5 billion in assets had been frozen. Bitcoin dropped to a six
XRP price prediction: Could XRP slide toward $1 if this key support level breaks?
XRP is trading near $1.33 as rising token supply, mixed ETF flows and increased whale transfers weigh on its outlook. Traders are watching the $1.28 support level closely, as a break below it could put $1 in focus, while $1.49 remains a key resistance level.
Strategy CEO predicts historic surge in Bitcoin banking adoption: 7 drivers that could push banks toward BTC USD
Strategy CEO Phong Le predicts a historic rise in Bitcoin banking adoption over the next 12 months, citing seven key drivers. Strategy’s latest adoption index highlights how major global banks are expanding their exposure to Bitcoin-related services.
Bitcoin trades above $84,000 after regulatory developments boost market sentiment
Bitcoin climbed above $84,000 as regulatory developments boosted crypto sentiment, including an SEC exemption for tokenized-stock trading and CFTC proposals. Ethereum and major altcoins also gained, while stronger ETF inflows, a short squeeze and improved market liquidity supported the rebound.
Will Binance coin break $1000 soon? Here's what experts are saying
Binance Coin (BNB) is surging today: BNB trades near $919.98 after touching $939.77 today. Analysts say its strong Binance and BNB Chain utility, steady token-burns, and a narrow gap to four-digits keep chances of a $1,000 breakout alive. Some forecasts see upside toward $1,016, but average targets still hover near $945. Momentum is soft, volumes have cooled, and resistance at $1,000–$1,050 remains critical. Support sits around $900–$950, with risks of a slip toward $880 if sentiment turns. Experts agree a $1,000 move is possible, but not guaranteed without stronger market traction.
Crypto market plunges $19 billion: How BNB stayed stable above $1,000 amid the crash
Cryptocurrency markets faced significant turmoil on Friday, October 10, following US tariff announcements. BNB experienced a notable intraday drop but showed resilience, trading above $1,130. This stability is attributed to recent momentum and its dual role as a Binance exchange token, offering discounts and staking benefits, making it an attractive hedge during volatility.
Kazakhstan launches first crypto fund Alem crypto fund with Binance partnership
Kazakhstan has started its first crypto fund called Alem Crypto Fund to invest in digital assets for the long term. The fund works with Binance Kazakhstan and made its first investment in BNB tokens. It aims to build digital reserves, support the country’s financial growth, and create a safe, transparent crypto market for investors.
Can BNB recover? Raboo continues to trend as Polygon sticks in the Red zone
BNB's recovery is uncertain following a reduction in trading volume on Binance, while Polygon continues to struggle. Raboo, a new presale token, is gaining momentum as one of the best altcoins to invest in this year.
5 next crypto to explode in 2024 with promising returns
The potential of crypto coins to increase in value attracts investors. Notable coins like 5thScape and DarkLume have shown significant growth. The article discusses the next cryptocurrency to explode in 2024, highlighting promising projects like 5thScape and DarkLume.
Binance’s token gains after report of US seeking settlement
The US Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a proposed resolution of a years-long investigation, Bloomberg News reported. Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud and sanctions violations, according to people familiar with the discussions.
Binance-linked blockchain hit by $570 million crypto hack, Binance says
Blockchain bridges have increasingly become the target of thefts, which have long plagued the crypto sector
Hackers steal around $100 million cryptocurrency from Binance-linked blockchain
Zhao said the tokens were stolen from a blockchain "bridge" used in the Binance-linked blockchain called BNB Chain, known as Binance Smart Chain until February.Blockchain bridges are tools used to transfer cryptocurrencies between different applications.
Forget Bitcoin and Ether, No. 3 cryptocurrency is the real outperformer
Among the three largest digital tokens by market value, Binance Coin, or BNB, significantly outperformed its two larger rivals Bitcoin and Ether.
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