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Binance Hack: Bitcoin Cash’s [BCH] Roger Ver asks people to not trust exchanges, hold money themselves




Bitcoin Cash [BCH] proponent, Roger Ver says, "hold the money yourself" after Binance hack
Source: Unsplash

Even as Changpeng Zhao, the CEO of Binance, revealed the exchange platform’s plans to resume deposits and withdrawal services on Tuesday, the controversy surrounding the biggest cryptocurrency exchange has not cooled down. Crypto luminaries in the space like Anthony Pompliano, Tron’s Justin Sun and cybersecurity giant John McAfee had previously extended support to the digital exchange and applauded the CEO for his transparency following the security breach.

However, Bitcoin fork coin BCH proponent and CEO of, Roger Ver, urged people to hold the funds themselves and not to trust exchange platforms for their funds in a recent talk session. He said,

“People holding their own funds themselves in their own wallet just a way to go and unless you’re trading don’t leave your money on in exchange hold them yourself”

Ver also took the opportunity to praise’s wallet, stating that it is much safer than Binance and Coinbase accounts. Ver took a slight jibe at Binance and said that more the amount of funds in these “centralized banks or crypto institutions”, bigger is the target for a hacker to breach the platform. The CEO said that Binance was one of the biggest “targets in the world for hacking”.

The proponent also ridiculed CZ’s steps to pacify the situation, while also attacking CZ for going back on considering reorganization after several experts in the space pitched in. Ver’s words were,

“I think he fully didn’t understand what he was saying or he wouldn’t have said such things”

Ver went on to say that the BTC reorganization idea was a “disaster in making” adding that it undermined the whole confidence in the distributed system of the underlying blockchain technology. Ver also said that the idea was “not practical” in the first place.

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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.


Bitcoin Cash would be a perfect global coin for daily spending, claims Chainblock’s Federico Pecoraro

Sahana Kiran



Federico Pecoraro, CEO of Italy-based crypto-company, Chainblock, made waves in the cryptospace after he suggested that Italians were shifting to cryptocurrencies owing to the country’s growing economic problems. The 2008 financial crisis hit the Italian economy badly, largely due to the huge public debt accumulated after years of excessive public spending.

According to Federico Pecoraro, the state of affairs offers an opportunity for many people and businesses to benefit from using decentralized money. In what is the most newsworthy bit of his take, he said that Bitcoin Cash (BCH) could be the cryptocurrency that would fit perfectly as a real global coin for daily spending, despite the fact that Bitcoin (BTC) is more likely to emerge as a better store-of-value. He added,

“We’re proud to support it on our products. Indeed, our clients have the opportunity to buy BCH through any of our services.”

Pecoraro also spoke about how Chainblock used the crypto-winter to develop new products and expand its customer base. He revealed that by the end of 2018, Chainblock recorded a 156% increase in transactions and a 144% increase in new users. Federico Pecoraro told,

“We love small businesses that want to accept crypto payments but we want to enable as many merchants as we can with a strategic market approach. Our goal is to provide affordable and scalable solutions for both big and small shops and spread real cryptocurrency mass adoption. We plan to enable 5,000 merchants to accept Bitcoin payments.”

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