This morning, we published the Root Cause Analysis (RCA) detailing the findings, mitigations and technical details of the July 19, 2024, Channel File 291 incident. We apologize unreservedly and will use the lessons learned from this incident to become more resilient and better serve our customers. To any customer still affected, please know we will not rest until all systems are restored.
For the executive summary and full RCA, please visit https://t.co/VxZdW6gKmt
🚨 BANKRUPTCY FILINGS SURGE TO DANGEROUS LEVELS
Bankruptcy filings have recently reached levels on par with the Great Recession in 2008 and the 2020 COVID-19 pandemic.
This indicator often suggests that the economy isn't performing well, and has historically always been followed by massive stock market crashes.
Unfortunately, today we are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace.
We would like to thank those regulators who worked with us collaboratively to address the needs of Canadian users. Albeit a small market, it held sentimental value for us as the home country of our founder. We had high hopes for the rest of the Canadian blockchain industry. Unfortunately, new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market no longer tenable for Binance at this time. We put off this decision as long as we could to explore other reasonable avenues to protect our Canadian users, but it has become apparent that there are none.
Our remaining Canadian users are receiving an email with comprehensive information on how this will impact their accounts going forward. While we do not agree with the new guidance, we hope to continue to engage with Canadian regulators aimed at a thoughtful, comprehensive regulatory framework. We are confident that we will someday return to the market when Canadian users once again have the freedom to access a broader suite of digital assets.
We've temporarily closed #BTC withdrawals due to the large volume of pending transactions.
Our team is currently working on a fix and will reopen $BTC withdrawals as soon as possible.
Rest assured, funds are SAFU.
“Running isn’t a sport for pretty boys…It’s about the sweat in your hair and the blisters on your feet. It’s the frozen spit on your chin and the nausea in your gut.
It’s about throbbing calves and cramps at midnight that are strong enough to wake the dead.
It’s about getting out the door and running when the rest of the world is only dreaming about having the passion that you need to live each and every day with.
It’s about being on a lonely road and running like a champion even when there’s not a single soul in sight to cheer you on.
Running is all about having the desire to train and persevere until every fiber in your legs, mind, and heart is turned to steel. And when you’ve finally forged hard enough, you will have become the best runner you can be. And that’s all that you can ask for.” — Paul Maurer
#motivation #quotes #running #trailrunning #mentality
Silicon Valley Bank's customer withdrawal made history.
$42 billion was withdrawn Thursday.
That's $4.2 billion an hour.
Previous largest bank run in modern U.S. history was Washington Mutual bank in 2008, and totalled $16.7 billion over 10 days.
History is being written.
This is actually insane.
Five environmental scientists en route to the Ohio metal plant explosion that I reported on the other day, killed in plane crash.
What are the chances?
🚨 #BREAKING: Just MOMENTS after Donald Trump announced his trip to East Palestine, FEMA reversed their decision and will FINALLY send federal aid!
Coincidence?
Whenever someone says that you got lucky buying Bitcoin, show them this chart.
HODLing Bitcoin is not easy; you must have a tremendous amount of belief to hold through multiple 70%+ drawdowns.
The market will test everyone's conviction & BTC's volatility is a mechanism to transfer supply to the strongest hands.
Nothing to see here
Just a creek filled with toxic chemicals that “public health officials” said was clean in Ohio
Definitely hasn’t spread hundreds of miles away
Focus on the balloons!