AppCoins is releasing Aptoide Dev Version

AppCoins has announced the release of the first implementation of its protocol in Aptoide app store on May 2
16 April 2018   1035

In full accordance with the roadmap, AppCoins is to launch the "dev" version of the AppCoins integration in Aptoide. This will be an on-chain implementation of the protocol by a "client". The launch is scheduled for May 2. The "dev" version will be made available at the following link. The code name of the release is "Gosling release". This version of Aptoide will support 2 financial flows: install advertised apps earning AppCoins ERC-20 tokens and in-app purchases with ERC-20 tokens.

At this point Aptoide will not feature reputation system as transactions need to exist in order for reputation to build up (will happen after the first deployments). Also, side-chain integration with a state channel / payments channel will not included in the release as well. This is made so that Raiden and OmiseGo will have enough time to be ready. Since the user base will be restricted to testers, the transactions will be straight in the blockchain.

At the moment of publication, AppCoins market parameters are as follows

  • Average price: $0.432295
  • Market cap: $43,252,979
  • Volume (24H): $3,613,030

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   86

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.
 

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.