Crypto exchanges-regardless of their database location-are having a rough time with hackers. After several South Korean and Japanese attacks, Bancor got exploited and $12.5 million worth of BNT was used to withdraw ETH. It’s definitely bad press and sellers are spearheading this on-slaughter. So far, it’s double digit losses for EOS, IOTA, Tron and Litecoin.
Let’s have a look at these charts:EOS Technical Analysis
EOS Daily Chart by Trading View
Isn’t it startling to know that Block One realize that they are powerful and actually don’t care about that. They have 100 million EOS tokens under them and should they begin using that to vote then EOSIO- despite all their calls of running on the ideals of blockchain-would just be another centralized database with Block1 calling the shots.
View image on Twitter
EOS Tribe @EOSTribe
“If necessary Block One will vote.”
@ bytemaster7 # eosio $ eos @ eos_io @ go_eos @ eosnewyork @ EOS42io @ eosdublin @ eosiodetroit @ EOSAsia_one @ EosArgentina @ EosSweden @ EOS_IO_HK @ eosriobrazil @ eosdfw @ eoscafe @ eoseoul_kor @ EOSREAL_IO @ eos_UNION @ eosamsterdam @ GenerEOSAus
3:05 PM Jun 24, 2018
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I mean, it will even be easy for them to determine who get voted in as a BP and who gets the boot. Many are therefore expressing their disappointments saying Block One would no longer be that neutral third party. Well, they are right because how would they even know and pick BPs which they claim share the “same core values and ideals”? As far as the community knows, there is no laid out criteria for making that determination.
Back to price and EOS is sliding much to the relief of dApp developers keen on utilizing the blockchain for their own advantage. After that strong bearish engulfing pattern on July 9, sellers are now back in charge and invalidating our previous bullish stand. My suggestion is to either sell on pull backs today or wait for a break out trade below our immediate support at $7 with first targets at $4 as we trade with the general bear trend. Stops would be above yesterday’s highs at $8.3.Litecoin (LTC) Technical Analysis
Litecoin Daily Chart by Trading View
It’s turning out that exchanges-centralized or decentralized are not safe from hackers as Bancor found out on July 9. Charlie Lee, the founder of Litecoin, weighed in on the issue throwing jabs at Bancor that it is nothing more than a centralized entity.
Charlie Lee [LTC
@SatoshiLiteA Bancor wallet got hacked and that wallet has the ability to steal coins out of their own smart contracts.
An exchange is not decentralized if it can lose customer funds OR if it can freeze customer funds. Bancor can do BOTH. It’s a false sense of decentralization. https:// twitter.com/Bancor/status/ 1016420621666963457 …
6:50 PM Jul 9, 2018
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