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Crypto Community Responds to BitMEX Leak, CZ Urges BitMEX Users to Change Their Binance Emails

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Fri, 11/01/2019 - 12:30
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  • After multiple reports about BitMEX accidental leak of user emails, Binance CZ and other top community members urge users to change their passwords asap

Cover image via www.123rf.com

The crypto Twitter is boiling with the news that the BitMEX exchange famous for large volumes of Bitcoin futures trading and run by the CEO Arthur Hayes who is quite active on his Twitter page, has accidentally leaked its users’ emails.

The leak happened through an email update earlier today and it contained thousands of user emails.

The trouble was reported by a Twitter user @jchervinsky, a lawyer from Compound Finance.

BitMEX is already aware of the issue and is working to resolve it. The official response of the exchange states:

“We are aware that some of our users have received a general user update email earlier today, which contained the email addresses of other users.

Our team have acted immediately to contain the issue and we are taking steps to understand the extent of the impact. Rest assured that we are doing everything we can to identify the root cause of the fault and we will be in touch with any users affected by the issue.

The privacy of our users is a top priority and we are very sorry for the concern this has caused to our users.”

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Other users are also reporting the leakage of users’ emails.

CZ Binance and HEX.Win founder respond immediately

Richard Heart, the founder of HEX.Win took to his Twitter page to recommend those BitMEX users whose addresses got leaked to change their passwords immediately to protect their BitMEX accounts from hackers. He also advised not to use SMS-based 2FA.

The head of Binance, CZ, also responded to the accident, recommending particular software for managing passwords.

A post on the Binance Twitter page says that should any BitMEX customers use the same address for trading on Binance, those should be immediately changes with a step-by-step guide for that provided.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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  • Bitcoin (BTC) holders should deal with the inevitable – it will be a very long time before the next all-time high. Are you willing to wait six years for the Moon?

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Contents

Seasoned cryptocurrencies trader and analyst Michael van de Poppe posted his long-term prediction for the price of an orange coin.

Price Cycles are Getting Longer

Mr. van de Poppe noticed that the flagship cryptocurrency, Bitcoin (BTC), is going through its third price cycle. According to him, every cycle is taking much longer than previous one.

For instance, the first cycle in 2012-2014 lasted for 910 days, while the next cycle was 55% longer that previous cycle. That being said, the ongoing cycle may end in 2025-2026.

Mr. van de Poppe also noticed that weekly moving average lines acted as a strong support for the bottoms of price levels within every cycle. The first bearish rally failed to break below the 100-Week Moving Average (MA), while the second had nothing to do with 200-Week MA. Thus, for this cycle, the line for the 300-week MA would be a tough nut to crack for bears.

Patience is a Virtue

Mr. van de Poppe has already wisely counselled to lower our expectations for the price of Bitcoin (BTC) since we may be very far from the new 'parabolas'. Even before Black Thursday of Crypto occurred, he had warned that the 2023-2024 period looked 'more natural' for a peak in the new orange coin market cycle than 2021.

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It appears that his prediction is in line with another detailed prediction by crypto analyst Charles Edwards of Capriole Investments. Mr. Edwards studied the energy consumption of the Bitcoin (BTC) network and derived his 'energy value theory', predicting that Bitcoin (BTC) will reach the $100,000 mark in 5 years. This will occur if the crypto manages avoid the risks of governmental restrictions and quantum computers attack.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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