ASX to Postpone Blockchain Migration Due to COVID-19

Australian Stock Exchange has been developing mechanisms based on DLT that will replace the their CHESS clearing system since 2017
25 March 2020   261

The Australian Stock Exchange (ASX) is once again migrating its systems to the blockchain, now because of the coronavirus pandemic. On March 25, ASX announced plans to change.

Since December 2017, ASX has been developing mechanisms based on distributed ledger technology that will replace the CHESS clearing system it uses. According to the latest data, and after the previous transfer, it was assumed that a full transition will be carried out in April 2021.

In light of recent events, ASX is replanning the implementation of the CHESS [Clearing House Electronic Subregister System] replacement system. We are conscious of the importance of providing a new schedule, and the need to get the valuable input of CHESS users.

 

Peter Hiom

ASX deputy CEO

The exchange admits that even before recent events, it received mixed reviews on its initiative. Some clients urged her to delay the integration of the blockchain. In accordance with the updated plan, the launch of a test environment for developers is scheduled for July 2020.

ASX remains fully committed to CHESS replacement. We continue to progress the project, including system development and testing, supporting back office software developers, and assisting users in their readiness activities. The investments we are making in the new system and in distributed ledger technology are for the long-term benefit of the financial services industry and the Australian economy. 

 

Peter Hiom

ASX deputy CEO 

Brave Allows to Buy Crypto at Binance Inside the App

Now a widget on the tabs in the Brave browser gives users direct access to both the Binance US
25 March 2020   263

Decentralized browser Brave announced a partnership with the cryptocurrency exchange Binance. Now, Brave users will be able to buy cryptocurrencies on Binance simply by opening a new tab in the browser.

A widget has appeared on the tabs in the Brave browser, which gives users direct access to both the Binance main site and the site of the American division of the exchange. Users will be able to exchange cryptocurrencies, view their balance and receive addresses for depositing cryptocurrencies directly in the browser. At the same time, developers left the option to disable the widget in the settings.

The developers emphasized that the widget uses the Binance API and does not download any data from the exchange servers, so that user data is protected. The new feature is available in the desktop version of Brave Nightly, and in the main version of the program it will appear in April.

The Binance widget on Brave’s privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem. We are looking forward to our long-term partnership with Brave to make it even easier to interact with crypto and encourage more utility in the near future.

 

Changpeng Zhao

CEO, Binance