[dtube] Daily: Binance Resumes / MyEtherWallet Breaks UP

in #bitcoin7 years ago


Binance not hacked and resumes trading / Hostile takeover of My Ether Wallet Twitter following myetherwallet co-founder breakup.

0:51 Market Analysis
1:36 Binance is up and running. NOT Hacked
3:21 MyEtherWallet Debacle explained
8:27 City of Taipei Confirms It's Testing IOTA Tech for ID

Mycrypto explaination of hostile takeover: https://twitter.com/mycrypto/status/961885331183185924

MyEtherWallet explaination: https://twitter.com/myetherwallet/status/961792085060808704

Alternatives to MEW:
MIST (Ethereum Foundation): https://www.ethereum.org/
Metamask: https://metamask.io
Enjin Wallet (Mobile): https://enjinwallet.io/

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now that you mention it i will look more into it

I could not login to Binance.com the website for me did not load... but doing some research... the url us.binance.com works just find and have been trading today already no issues.. hope they get their main domain fixed soon..

binance.com works now. CZ also stated on twitter that they where getting ddos'd at the time Binance is a good exchange but I would still never recommend leaving any money on it as in moments like this it's never a good feeling.

yes its a good exchange but this maintenance thing just messed up the people & scared the traders for sometime.

I think the URL changes as with accessing Binance from a different country. But I'm just glad our accounts weren't wiped out.

but very sensitive too..... u skip n gone.... it ask no confirmation. well what they thinked

but what happened to them in those critical days? this is the real question.

Is it just me or anytime a crypto site goes down for "maintenance" I hold my breath untill they are back up and my money is stll there?

just think what if they never open again

I couldnt agree more they have really come a long way in such a short time. They have a decent market influence when coins are listed and play a big role in the ecosystem. They are one of the few exchanges that have implemented a discount for the trouble caised with the upgrade. I see BNB doing really well going forward.

very good news

I am a big fan of Binance Though i do not like the idea of minimum withdrawal limits.

Arguments against keeping coins in exchanges like Binance:

You don't own the private keys of your wallets.
Most are unregulated and uninsured.

I keep 0% in exchanges and you should too!!!

I think the Bitgrail situation showed everyone the dangers of leaving Coins in exchanges. Although if there was one exchange I would trust, it would be Binance.

Trust yourself and self educate yourself so that you don’t need to trust the exchanges to store your money. Be your own bank

Cold storage is great for people looking to "Hodl" but not for day traders, swing traders etc.

Yeah, that mininum withdrawal got me but it is still better than blockchain confirmation isssue

It does tend to create problems especially for people with lower trading amounts, although they're working on a solution to enable users to trade fractions of coins for binance coin. The point being binance coin = Dust. We shall see.

yup ...they dont want somebody withdraw...hehehe n no fractional trade also ...thts the flaw

So much drama in the BTC

yup btc itself is a drama ..... so more drama in drama ..... it was in icu for some days ....bleeding

Aha yup, hopefully this is one of those whatever doesn’t kill you makes you stronger things

lol may be so

Indeedy

aything new

Tings a gwan

It's fortunate the Binance event turned out to be only a rather long outage, and not something worse. But this is yet another lesson for us to withdraw most of our crypto assets to wallets that we control. And leaving at exchanges only the amount we plan for short term trading.

Admittedly there are the cost and time factors. The transfer fee at Binance for ERC20 tokens are significantly higher than Bittrex. It's like Binance intentionally doing so to discourage clients from withdrawing.

At first I was concerned but I think I'm going to follow a supported route and go with my crypto. I can't wait to see how mycrypto and myetherwallet develop moving forward. I really hope they'll both continue develop for the crypto space and stay free and open.

Well, that's good news.

Binance is the very fast growing exchange & its on its way to come under top 3 exchange because its giving more option on trading new coins for the traders which is attracting the traders for sure.