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Binance Resumes Suspended Services After 'Irregular’ SYS Trading Risk Alert

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By Marie Huillet Binance  has now resumed services after it  announced  the suspension of all trading and withdrawals Wednesday, July 3. The temporary suspension was due to an alert over “irregular”  Syscoin  (SYS) trades “from a number of API users.” Binance subsequently chose to suspend trading, withdrawals and other account functions, as well as to take a series of further measures in order to protect its users. Syscoin for its part notified the public in a  tweet  yesterday that its developers were investigating a “possible issue” on the Syscoin blockchain, saying that it itself “asked for exchanges to halt trading while [its team] investigate[d].” It later  tweeted  that notwithstanding “odd trading behavior” and “atypical blockchain activity,” its investigation suggested that the SYS blockchain was safe, and said it was asking exchanges to reopen SYS trading. While exact details remain undisclosed, the incident appears to h...

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Are You Planning to Set Up Your Own Cryptocurrency Exchange Platform?

By  Kyara Vedi If we look at the most impactful development in recent times the first thing that comes to our minds without a doubt is cryptocurrency. People have made huge profits by investing in cryptocurrencies like bitcoin and more at the right time. Many people have also managed to make a heyday by simply providing a cryptocurrency exchange platform to investors to trade cryptocurrencies. Setting an exchange is pretty easy. but you need to know a few basic things before you start your own exchange. Let us have a look at them - Do you have a target audience in mind? One of the most important things to consider before setting up any business platform is to figure out the target audience. Same is the case here. When you are planning to set up a bitcoin exchange platform, the first thing you need to analyze and figure out is the audience that you are going to target. For instance, in case of bitcoins, you can target both local as well as the global audience. So, you n...