So... There will be no Deposits and Withdrawal on Binance for the next few days.🙄

Your Keys, Your Coin; Not Your Keys, Not Your Coin - @aantonop

It seems that the age-old adage once again rings true. Not even the biggest crypto exchange can escape the claws of hackers..

What actually happened?

Before we get into it, let's look at how the market is doing:

CG Price Chart for Newletter_20190805.png

7000 BTC stolen from Binance in Security Breach

So basically, Binance kinda got scr*wed..

Up to $41 Million USD worth of bitcoin (BTC) was withdrawn from Binance in a seemingly well-orchestrated and deliberated hack.

The hackers were also able to obtain a large number of users API keys, 2FA codes, and potentially other information. (Now is the time to renew your 2FA keys on Binance).

Binance will use their in-house SAFU Funds to cover the losses, meaning users' funds are safe.

Currently, all deposits and withdrawal are suspended on the site while a security review is being performed.

You can read the official notice here.

CoinGecko Separator.png

In other news,

Lets look at the bright side, how about some good news for a change.

😁 Grin Developers Receives Mysterious 50 BTC Donation

The developers behind Project Grin (GRIN) have reportedly received an anonymous donation of 50 BTC.

According to Grin's public financial report (yes, you can see their finances), funding of the project stands at $123,423.73 as of March 31st, 2019, prior to the large donation.

One news to make you smile and the other to give you some high blood pressure (only if you use the exchange anyway). Do you still store your cryptocurrencies on Exchanges? Are you okay if tomorrow your funds got stolen because you put them on exchanges? Where do you store your coins? Let us know in the comments!

The master have spoken and there shall be no in or out. It stay within.
But seriously, as a user, I do understand and accept it. Never put all egg in one basket.

Posted using Partiko Android

This should be a standard practice. Not your keys; not your coins.

Ruh Roh
!dramatoken

Posted using Partiko iOS

Sorry, you don't have enough DRAMA.
You need 10.00000 DRAMA more for a chance to make it happen.
To view or trade DRAMA go to steem-engine.com.

My mother in law only uses Coinbase. She doesn't have her own wallets for anything she's holding right now.

(shudder)

I think Coinbase offers a vault or something.. might be worth looking into if she's not keen on a cold storage wallet?

She's doing it because she has money to burn, as best I can tell. And maybe turn a profit, too.

Good and evil are coin of two sides, who can separate them? Some thrive in evil and to them evil is good and some thrive in good and to them is evil is bad.

Let’s continue doing our best and leave the rest to time.

Posted using Partiko iOS

You've got DRAMA. You are going to be a Whale!

^{To view or trade DRAMA go to steem-engine.com.}

I leave minimal tokens and coins on exchanges while I move them to cold storage which is a must if I get serious in any position.

Posted using Partiko iOS

Hmm. Binance gets hacked and Bitcoin stolen, GRIN gets an anonymous 50 BTC donation. Weeks suspicious or could just be a coincidence.

Posted using Partiko Android

It's easy to look at how far the stolen 7000 BTC have traveled on the Bitcoin Ledger. In fact, there is a live tracking being done right now as we speak.

Most likely the 2 events are just coincidence.