Binance Banning The United States Customers From Trading

Binance Banning The US Users
image source

Binance the largest crypto exchange has updated its terms of use its contain “is unable to provide services to any U.S. person.” and announced that it will stop serving Non-verified US individual and corporate  customers on Binance.com in 12th of the September 2019. Binance currently gets approximately 15% - 50% of its traffic from U.S. customers.

Non-verified US customers will continue access to their wallets and funds, but will no longer be able to trade or deposit.

Customers will still be able to bypass the banning and trade on Binance.com using a VPN.

After this news BNB get free fall and altcoins get rekt.

This is a critical moment for the cryptocurrencies and free use it.

Timeline

  1. Befor two weeks Binance DEX also announced it would start geo-blocking U.S. customers and 28 other countries in July.
  2. Yesterday Binance announced launching a new trading platform with FinCEN, separate fiat-to-crypto exchange to serve the U.S. market.
  3. Today Binance.com Banning The United States Customers From Trading.

Opera Added Support For TRON (TRX)

Opera added support for tron (TRX)

Opera browser  has added support for TRON (TRX) and TRC tokens to its built-in crypto wallet. TRON is one of the largest blockchain protocols, offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps).

last year, Opera supports Ethereum (ETH) and its ERC tokens.

Opera aims to accelerate the mainstream adoption of Web 3.

The Opera browser with crypto wallet and Web 3 support is available for Android smartphones, Windows and Linux PCs and Mac. The wallet is also available in the early access program for Opera Touch for iOS.  Currently the browser supports Ethereum, but TRON support will arrive soon.
Source: https://press.opera.com/2019/05/15/opera-to-add-tron-support-to-its-crypto-wallet/
Binance Exchange

Binance Has Been Hacked By 7000 BTC


At first some services keep track big wallet / transaction start give notification about move 7000 BTC! from Binance hot wallet like this:

Then spread  BREAKING NEWS! Binance has suspended withdrawal of ALL LISTED CURRENCIES. The reason may be a massive "hack". We are waiting for some confirmations from their official sources. Might be just a FUD.

Then CZ The CEO of Binance tweet about unscheduled server maintenance:

This situation and event time line keep trader in doubt and shock.

After few hours Binance official sources tell us about a massive hack and 7000 BTC were stolen from Hot Wallet.

Binance Announcements will use his fund to cover this incident in full. No user funds will be affected. deposits and withdrawals will need to REMAIN SUSPENDED during a week.

This is a good point for Binance but CZ The CEO of Binance he lost his good trust reputation for sure.

Electrum Bitcoin Wallet


Electrum is one of the most popular Bitcoin wallets, focus on speed and simplicity, it's mix between beginner usability and expert functionality, no previous experience is needed. created and run Bitcoin payments since 2011, Electrum is Free and Decentralized software, released under the MIT License.

It is estimated that 10% of all bitcoin transactions occur on Electrum. It can be used on mobile (IOS, Android) and desktop (Windows, linux, Mac) or with the command line interface.

Pros & Cons

Pros

  • Available for multiple operating platforms.
  • Very fast and easy to set up.
  • Good privacy features with 2FA.
  • Recover your wallet from a secret (seed) phrase.
  • Integration and supports major hardware wallets (Ledger, Trezor, Keepkey) for added more security.

Cons

  • Support only Bitcoin.


You can download electrum bitcoin wallet from offical website electrum.org.

Warning: Do not download Electrum from any another source than electrum.org.
YoBit Exchange