Did Aftermath of Binance Hack Show Bitcoin is Not as Decentralized? Not Quite

The aftermath of the Binance hack has left the industry confounded. While the price of Bitcoin remains steady, following a slight dip on the news, the incident has once again raised questions over security and, given Changpeng Zhao’s (CZ) motion to “rollback” the network, whether Bitcoin is as decentralized as we are led to believe. Binance Hack Yesterday, Binance released a statement to say hackers had stolen 7,000 BTC in a single transaction. The security breach involved multiple methods of attack, including phishing and viruses, to obtain user API keys,…

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Impressive Bitcoin Price Smashes Through $6,000 as Crypto Stars Align

By CCN: The bulls are back. After a prolonged period in a sideways range, the bitcoin price has finally established a powerful uptrend. As BTC  breaks the $6,000 level, enthusiasm is returning in waves to the cryptocurrency industry. Even the Binance hack has failed to put a dampener on a buoyant BTC/USD.   Bulls Are Unstoppable As BTC/USD Clears $6,000 Hurdle Why all the enthusiasm about the bitcoin price breaking $6,000? This level has been closely watched for some time. A bounce through this technically significant price point has been…

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