One Day After Binance Woes, Poloniex ‎Hacking Rumors Spook Cryptocurrency Markets

Cryptocurrency markets were spooked today after a routine wallet maintenance at ‎US-based cryptocurrency exchange Poloniex has sparked fears of a hack, yet ‎the company has assured people ‎that it was just a scheduled process.‎

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The rumours, however, seem to lack any concrete evidence and ‎‎thus far no trades or accounts have been reported as affected by users of the exchange. Yet, it is not ‎‎uncommon for crypto exchanges to be targeted by hackers and a ‎‎failed hacking attempt is always a possibility as well.‎

Poloniex tweeted on Thursday late afternoon that there could be delays in ‎‎deposits and withdrawals due to maintenance work. The delays, however, were ‎‎extended when the maintenance took longer than usual. The upgrades began ‎‎around 12.30 p.m. ET but has extended without further notices until now.

We’ll be doing scheduled wallet maintenance today at ~12:30pm EST. During this time deposits and withdrawals may be impacted for some currencies but should be running again shortly after that!

— Poloniex Exchange (@Poloniex) ٨ مارس، ٢٠١٨

The rumours were spreading among crypto-market participants as Binance, ‎‎one of the world’s biggest cryptocurrency exchanges, suffered an outage on Wednesday. Some crypto traders have floated a theory that all Binance ‎‎Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Read this Term were dumped at the same time as a result of a widespread API-related ‎‎attack. The users who used API keys to trade with bots found their accounts ‎‎automatically buying the VIA coin.‎

The recent problems of major Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchanges have sparked a mix of ‎‎criticism, concern and sympathy from users.‎

In January, Poloniex disclosed that some of its ‎‎customer balances have been inaccurately recorded. ‎The exchange ‎temporarily ceased forced liquidations and announced ‎that the balances will be ‎corrected.

In addition, the digital asset trading service warned last week against an impostor Poloniex app in ‎the Google Play ‎Store. “Do not use this; it may be malicious. There is no official ‎Poloniex app,” it said.‎

Poloniex was recently the subject of news blasts after the Goldman Sachs-backed Circle acquired the cryptocurrency exchange in a deal reportedly worth $400 million