Cryptocurrency exchange Binance adjusts trading policies after a $3.9 million Flow blockchain exploit. Nine spot trading pairs, including FLOW/BTC, were removed. Four new tokens added to monitoring tag list. Tokens with monitoring tag face high delisting risk. Flow Foundation working on recovery plan post-exploit, addressing user account restoration and fraudulent token remediation.
Flow Foundation aims to fully restore blockchain ecosystem post-$3.9 million exploit. Cadence and EVM functionality restored with precision, fraudulent assets removed. Proposal for blockchain rollback scrapped amid user criticism. Comprehensive post-mortem report expected within 48 hours. Complete ecosystem restoration anticipated this week.
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Bitcoin hits new all-time high of $60,000, fueled by growing institutional interest. The cryptocurrency has surged over 100% in 2021 alone, with market cap exceeding $1 trillion. Experts predict continued upward momentum as more companies adopt Bitcoin as a hedge against inflation.
Ethereum also reaches new record high, surpassing $2,000 for the first time. The second largest cryptocurrency by market cap has seen a 170% increase in value since the start of the year. Analysts attribute the rally to increased demand for decentralized finance (DeFi) applications built on the Ethereum blockchain.
Tesla CEO Elon Musk announces that the company now accepts Bitcoin as payment for its vehicles. Musk also revealed that Tesla purchased $1.5 billion worth of Bitcoin, sending the cryptocurrency’s price soaring. This move marks a major endorsement of Bitcoin from one of the world’s most prominent tech companies.
Major financial institutions like Morgan Stanley and BNY Mellon embrace Bitcoin, signaling a shift towards mainstream adoption. Morgan Stanley is reportedly considering adding Bitcoin to its list of investment options for clients, while BNY Mellon plans to offer cryptocurrency custody services. These moves reflect growing confidence in the long-term potential of Bitcoin.: Binance to Remove FLOW/BTC Spot Trading Pair after Flow Exploit Report