Finance

Token holders and the number of transactions (information from explorer.binance.org)

Blockchain compliance startup Chainalysis has added four more cryptocurrencies to its real-time transaction monitoring tool. The newly supported coins are Binance’s native token Binance Coin (BNB) and three stablecoins — Gemini dollar (GUSD), Tether (USDT) and Circle’s USD Coin (USDC). With Chainalysis having recently rebuilt its technology to scale and support more blockchains, the firm will be able to add new cryptocurrencies more quickly. The startup’s blockchain investigation tool, Chainalysis Reactor, now also supports the same 10 cryptocurrencies, which it says represent 85 percent of the top 25 coins by trading volume.

Binance Launchpad, the exclusive token launch platform of Binance helping transformative blockchain startups raise funding to develop their products aiding in cryptocurrency adoption, has completed the sale of Matic Network (MATIC) tokens. This is the fourth token sale of Binance Launchpad this year and the first token sale under new lottery rules.

The token sale was conducted through a single session where participants purchased MATIC tokens using Binance Coin (BNB). In this session, all 1.9 billion MATIC tokens were sold to Launchpad participants who won in the lottery.

UPDATE: After this article was published, Changpeng Zhao, CEO of Binance, said in a follow-up tweet that after speaking with various parties, the exchange decided not to pursue the rollback approach.

Binance CEO Changpeng Zhao earlier today said he and his team were considering pushing for a rollback on the bitcoin network after hackers stole 7,000 bitcoin.

Zhao hosted an Ask-Me-Anything live session at 3:00 UTC on Wednesday to address various questions from the community including the hack that stole some 7,000 bitcoin from the exchange just a few hours ago.

Answering questions on whether the firm considers rolling back bitcoin network transactions, which would require pushing for consensus from major miners and mining pools to gather over 51 percent of the network’s total hashing power, Zhao said:

“To be honest, we can actually do this probably within the next a few days. But there’re concerns that if we do a rollback on the bitcoin network at that scale, it may have some negative consequences, in terms of destroying the credibility for bitcoin.”

However, to try and roll back the network without an agreement between the entire industry and community would most likely be seen by many as effectively an attack on the bitcoin network, which is intended to be immutable.

He added that he has also seen a lot of people objecting to rollbacks since there are the “ethical and reputational considerations for the bitcoin network.”

See also:

Binance Exchange

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