Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 17

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin witnessed a flash crash on Bitstamp exchange when it plunged to a low of $6,178. The fall was triggered by a sell order of about 5,000 bitcoins at $6,200. Some people speculate that the order might have been mistyped $6,200 instead of $8,200.…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 15

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. As the Bitcoin rally picked up momentum, the volume also spiked higher. Bitcoin futures on CME made a new record as the number of traded contracts reached 33,700 on May 13, which was way higher than the previous record of 22,500 contracts that exchanged…

Binance Confirms Trading Relaunch for May 15 as Upgrade Completes

Cryptocurrency exchange Binance has confirmed it has completed a major system upgrade and will relaunch its trading platform at 13:00 UTC on May 15. Binance, which lost over 7,000 BTC (at the time $41 million) in a hack earlier this month, froze deposits and withdrawals altogether before a limited return to operations this week. A subsequent notice stated developers would shut down functionality in full for a period of up to eight hours on Wednesday, beginning at 03:00 UTC. Little details were available about the work, which completed as scheduled.…

Crypto Exchange Binance Restarting Services After Post-Hack Upgrade

Cryptocurrency exchange Binance has announced that it is back online after completing a security upgrade prompted by a recent hack. Kicking off at 03:00 UTC Wednesday, the upgrade meant that all services were suspended during this period, according to a Binance support message. A two-hour extension to the upgrade was announced this morning as some tasks took “longer than expected.” Following the upgrade, Binance published an update saying that trading will recommence at 13:00 UTC.  Users can now cancel open orders and process deposits, while withdrawals “will be available shortly after…

If eBay Rumor is True, Binance Coin (BNB) could double to $40

Binance Coin (BNB) up 5.8 percent Binance and eBay could link up There is no official confirmation, but rumor has it that eBay could announce their support of Binance Coin (BNB). The platform is one of the largest in the world, and that resulting demand could thrust BNB towards $42. Binance Coin Price Analysis Fundamentals At spot rates, Binance Coin is trading above $20, up 5.8 percent from last week’s close. Well, if anything this is bullish and an indicator of how Binance Coin (BNB) bulls are resilient even after…

Binance to Undergo System Upgrade Tomorrow, Deposits, Withdrawals, Trading to Be Halted

Major crypto exchange Binance plans to undertake a scheduled system upgrade tomorrow that will prevent deposits, withdrawals, and trading for roughly six to eight hours, according to an official announcement published on May 14. Yesterday, the exchange’s CEO, Changpeng Zhao (CZ), had announced that the platform was planning to fully resume deposits and withdrawals today, which had been suspended in the wake of a major hack of the platform on May 7. The breach resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth…

Hacked Crypto Exchange Binance to Resume Deposits and Withdrawals on Tuesday

Binance CEO Changpeng Zhao has announced that the crypto exchange plans to resume deposits and withdrawal services on Tuesday. He wrote in a brief update: Our team is making progress and has been working through the weekend. In the past few days, we have made some significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected. We will share details on some of the changes later. We aim to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a…

Binance and Coinbase Traffic Spikes as Bitcoin Price Surges 81% YTD

Over a million internet users are visiting Binance every day as the cryptocurrency exchange manages a $40 million hack scandal amidst a bitcoin price boom. Toronto-based Kevin Rooke, known for his insightful crypto-related social media analysis, revealed that Binance’s daily average traffic had gone up by 13 percent in April. At 1,183,000 visits, the Malta-based exchange was hosting its best website statistics since October 2018. The analysis appeared as soft evidence of people’s growing interest in cryptocurrencies, particularly bitcoin whose value surged by 29.33 percent during the April session. Meanwhile,…