Latest Market News

Binance, one of the most popular cryptocurrency exchanges on the market, has lost $40 million worth of Bitcoin in a security breach at 17:15 pm (UTC) yesterday (May 7). In addition to stealing 7,074 BTC, Binance says the hackers also managed to obtain a “large number” of user data such as API keys, two-factor authentication codes and possibly other information as well.

XRP’s value had substantially depreciated again after the April rally which was rejected at the $0.4 tight area, plunged below the $0.3 initial support level and created a new one at $0.28.

For the past three months, ETH has remained intact in following the bullish channel pattern.

After breaking the last high of $5,600 on May 3, BTC posted another high at the $5,800 level before the current retest of $5,600.

As the cryptocurrency market presses on during Q2, this week’s choices are set to benefit from network upgrades and project developments that should strengthen their market positions and also result in increased amounts of attention to their respective currencies over the coming weeks.

Gitcoin and Microsoft are sponsoring the Ethereal Virtual Hackathon, an Ethereum developer competition that’s paying out prizes in the form of the DAI stablecoin. Gitcoin is a decentralized platform that offers incentives for developers that are making contributions to open source software.

NEO founder and core developer Erik Zhang has published a roadmap outlining the development of “NEO 3.0”, the next major phase of the project.

With the recent launch of Binance Chain, some blockchain projects are moving their tokens from other platforms to Binance Chain. However, many of them say they will continue to support the original tokens.

As we move further into Q2, this week’s choices are set to benefit from significant launches and project developments that should strengthen their market positions and also result in increased amounts of attention to their respective currencies over the coming weeks.