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Binance: USDT addresses will be changed from OMNI-based addresses to ERC20-based

Sying Tien

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Binance exchange has announced today a major changes in in USDT addresses. It will be switching USDT addresses from OMNI-based addresses to ERC20-based, As quoted bellow:

Binance will suspend USDT deposits and withdrawals for approximately 30 minutes starting at 2019/07/04 08:00 AM (UTC). During this period, all USDT deposit and withdrawal addresses will be changed from OMNI-based addresses to ERC20-based addresses, and will be the default setting going forward. OMNI-based USDT can still be deposited to users’ previous OMNI USDT deposit addresses and will be accepted. 
Please note: After this update, users will no longer be able to withdraw OMNI-based USDT. 

The protocol used by USDTOmni is the Omni layer protocol built on the BTC blockchain network. The USDT-ERC20 is the USDT issued by Tether based on the ETH network with currency address of ETH and withdrawal through ETH network. The USDT-ERC20 uses the ERC20 protocol.

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at [email protected] and i will get back to you shortly.

Exchanges

KuCoin Exchange Loses US $5.6 Million in a Hack Attack

M. Ali

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KuCoin-Cryptocurrency-Exchange-Hacked

KuCoin , the cryptocurrency exchange has announced that it has suffered a security breach which saw malicious hackers access its hot wallet and steal funds worth around US $5.6 million.

According to the official Twitter account of KuCoin, the exchange staff detected some large withdrawals since Sep 26 at 03:05 UTC+8. Some BTC, ERC-20 and other tokens in KuCoin’s hot wallets were transferred out of the exchange, which contained few parts of our total assets holdings.

KuCoin has not announced the exact value of the stolen funds, but according to blockchain tracker and analytics system, Whale Alert, around US $5.6 million worth of coins were transferred out of KuCoin’s Wallets.

Kucoin’s users on Telegram are reporting being blocked on withdraws.

Kucoin’s official coin “KCS” price dropped 10%-15%, following hacking news.

KuCoin is a Hong Kong based cryptocurrency exchange. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.

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Altcoins

BNB’s Price Spiked Over 27% Amid Listing Bella Protocol

June G. Bauer

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Binance-BNB-Price-Spike

Binance’s coin (BNB) price spiked over 27% in the past couple of hours amid listing Bella Protocol (BEL) on Bianace’s LaunchPad. BNB holders will be able to earn and acquire new token rewards in return for staking BNB, BUSD, and ARPA tokens.

BNB coin volumes spiked and the price jumped from $18.49 to $23.59 within few hours.

BNB Price Spike

BNB coin holders will be able farm BEL tokens over 30 days, starting on September 9th. Binance will then list BEL on September 16th and open trading for BEL/BTC, BEL/BNB, BEL/BUSD, and BEL/USDT trading pairs.

Bella Protocol is a user-friendly Decentralized finance (DeFi) and also an asset management platform with very low transaction fees. They claim that these initiatives will offer a more seamless user experience for DeFi investors.

BEL is an ERC20 token and is the governance token in the Bella ecosystem. The total supply of $BEL is 100,000,000. BEL coin holders will be able to earn profit sharing, get fee discount, staking rewards, and voting power in the Bella ecosystem.

Bella Token Distribution

BNB/USD Price Chart

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Exchanges

Crex24 Will Be Delisting Eight Low Caps Coins

Sying Tien

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Crex24 KYC Verification

Crex24 cryptocurrency exchange announced on the official Discord channel that it will be delisting eight cryptocurrency coins. Crex24’s team will be paying compensation to the holders of these coins.

The delisted coins are:

Internet Cafe Coin (ICC)
Bitcoin5000 (BVK)
Brazuk Coin (BZK)
Intercrone Coin (ICR)
Methuselah Coin (SAP)
Troca Coin (TNJ)
Viridi Coin
Win Coin (WC)

Trading on these coins will be suspended as of 29th, August.

Crex24 cryptocurrency exchange was established on 2017 and it’s known for it’s offers low commission fees.

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