Binance CEO stops the panic about large BNB transactions. BNB retreats below $10.00 in sync with the market. The market got agitated by large BNB transactions between Binance wallets. A twitter whale alert service registered an abnormal transaction to the tune of nearly $10M “911,032 $BNB ($9,875,586.88 USD) transferred from #Binance to Unknown wallet”. It was followed by large transactions in ETH and BTC, which made users wonder what was going on. Meanwhile, the head of Binance tried to calm down the community by retweeting his own old message, where he explained the nature of the transactions. “We will be moving some funds between our cold wallets. A tell-tale sign of a new cold wallet on Binance is two small transfers from and BACK TO an existing wallet, then a large transaction. No need to be alarmed. Funds are #SAFU.” While the funds may be “SAFU,” Binance experienced problems with a system overload amid a sharp sell-off on the cryptocurrency market on Sunday. Some users experienced delays during the system auto-scaling. At the time of writing, BNB is changing hands at $9.74, down 4% on a day-over-day basis. The cryptocurrency has been moving in sync with the rest of the market; however, it received additional support due to Finance DED launch and Fetch.ai token sale that was sold out in ten seconds. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Oil: Prices under pressure – Danske Bank FX Street 4 years Binance CEO stops the panic about large BNB transactions. BNB retreats below $10.00 in sync with the market. The market got agitated by large BNB transactions between Binance wallets. A twitter whale alert service registered an abnormal transaction to the tune of nearly $10M "911,032 $BNB ($9,875,586.88 USD) transferred from #Binance to Unknown wallet". It was followed by large transactions in ETH and BTC, which made users wonder what was going on. Meanwhile, the head of Binance tried to calm down the community by retweeting his own old message, where he explained the nature of the transactions. "We will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
