Connect with us

Altcoins

Binance’s CZ reveals token withdrawal status even as coin falls by over 3% in an hour

Namrata Shukla

Published

on

Binance's CZ announces token withdrawal status as coin falls by over 3% in an hour
Source: Pixabay

Binance exchange, the world’s largest cryptocurrency exchange, suffered a hack of 7000 BTCs worth $40 million, a hack that targeted the exchange’s hot wallet. Following the hack, the exchange shutdown operations temporarily and suspended withdrawal and deposit services. After a long wait, Binance CEO Changpeng Zhao aka CZ, had announced the resumption of services earlier this week.

In a recent tweet, CZ said,



“Withdrawals are open for most tokens, the balance will be open shortly.
A new requirement to be logged in while confirming the withdrawal mail was added. It caused a small conflict while using the app so it will be rolled back shortly.”

The exchange’s native coin, Binance coin [BNB], saw tremendous growth over the past few days and as Binance gets back on its feet, the community grows stronger. The exchange also announced that it will convert all ERC20 BNB tokens to their new native BEP2 tokens. CZ announced,

“@Binance will convert all the ERC20 $BNB tokens in our hot & cold wallets to native BEP2 tokens. To achieve this, all the ERC20 BNB tokens in our hot & cold wallets will be burned and equal amounts of BEP2 tokens will be sent from the creator address to our new BNB cold wallet⬇️”

Binance coin [BNB] noted significant growth over the past few days. However, it was falling by 3.88% over the past hour, at press time. It was valued at $25.78 with a market cap of $3.63 billion. The 24-hour trading volume of the coin was noted to be $454 million as the coin noted seven-day growth of 26.91% and 1.69% over the past day.





Subscribe to AMBCrypto’s Newsletter


News

Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

Published

on

Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending