Howdy fellow Dailycoiners,

Another day, another dollar. No, wait...down with fiat..it should be...

Another day, another coin! There, that's better.

Anyway, let's get to the news.

• Don't Panic!!! Binance suspending US Dollar transfers.

• De-ja Moo, Another Hack!

Why is Binance Suspending US Dollar Transfers? (Don't worry, it's Not all Doom and Gloom)

So yesterday, many news sources published clickbaity headlines that, crypto exchange behemoth, Binance was suspending US Dollar transfers.

Obviously, crypto-Twitter went berserk...

Let's set things straight. Here are the facts:

• Binance US is not affected (only Binance global)

• It is only temporary

• The suspension affects only 0.01% of Binance customers

According to the big man;

:

“It is worth noting that USD bank transfers are leveraged by only 0.01% of our monthly active users. However, we appreciate that this is still a bad user experience.”

So, what's going on; is there some dark mysterious reason?

Well, no official reason has been given but, here at the

DailyCoin,

we like to delve a little deeper.

On January 21st, Binance's SWIFT payments partner (Signature Bank) said that, from February 1st, it would only process trades with US Dollar bank accounts over $100,000.This is not ideal for Binance, given the number of smaller retail customers using the platform!Binance has also previously said, they are actively looking for a new SWIFT partner for US Dollar transfers.It seems likely that a changeover in SWIFT partners is the reason for the suspension.Not rocket science! (although I could be totally wrong!)

Don't have a CoW dude, but who Moo-ved the funds?

I make no apologies for any cattle-based puns used in this section!

However, it's not an "a-mooo-sing" story.

Yet again criminal activity has raised its ugly head in the crypto-sphere. This time DEX aggregator

CoW Swap

 was targeted and $180,000 was "milked" off.

Given the huge hacks (thefts) that have previously happened on other platforms, this one may seem small, but, let's face it, that's a lot of cash!

Let's take "stock" of the situation.

According to blockchain security company,

, the thief managed to get their sticky fingers on just over $180k of $DAI before routing it through the notorious crypto tumbler, Tornado Cash, to obtain 551 shiny clean $BNB tokens.

Tornado Cash still seems to be the go-to route for any nefarious actors wishing to wash their ill-gotten gains. 

A CoW spokesperson has stated that users' funds were not affected in any way, only fees collected by the platform were grazed on.

The CoW Swap team have already upgraded the breached smart contract.

DailyCoin Meme

#SorryNotSorry

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That's your lot for today, but keep your eye on your inbox for tomorrow's fun installment. We'll be running the gauntlet of golden and death crosses, explaining what they mean.

Should you panic or celebrate (or neither).

For now, there's always more on 

our website

.

And feel free to reach out to us at 

[email protected]

 with any questions or comments.

Until next time,

DailyCoin Team