Binance Coin to be Used in Qlink Ecosystem

On the background of this event, QLC price rose for 13%
02 April 2018   1103

The developer of the decentralized mobile network Qlink announced the conclusion of an agreement with the Binance Exchange, within which the Binance Coin token will be integrated into decentralized Qlink application.

The first application, allowing users to share a Wi-Fi connection and supports the functionality of the wallet, was introduced by Qlink in January this year at Github. It is expected that the application will appear in Google Play in April.

Qlink has a strong developer team and solid applications. The use case of secure network sharing has visible demand in the market, especially for users who pay more attention to information security and recognise the value of decentralization technology. Qlink is an ideal partner to further proliferate BNB utilization.

Changpeng Zhao 

Founder and CEO of Binance

Under the agreement, Binance Coin will be integrated into the Qlink ecosystem in several ways. First, users will be able to store BNB in ​​the Qlink application. Secondly, Qlink will add a BNB / QLC trading pair, so that users can buy QLC using BNB. A similar pair was launched at Binance itself. The data for the exchange of tokens inside the Qlink application will be drawn from Binance.

Along with QLC, users will be able to use BNB to pay for access to the network via Wi-Fi or VPN using the Qlink application.

On the background of this event, QLC price rose for 13%.

Qlink Price Chart
Qlink Price Chart

At the moment of press, these are main QLC market parameters:

  • Average Price: $0,152570
  • Market Cap: $36 616 800
  • 24h Volume: $16 593 700

Binance to Partner with Chainalysis for AML

Use of Chainalysis KYT solution will allow to compile with KYC- and AML-norms and also simplify the process of opening bank accounts
18 October 2018   102

The largest exchange by daily trading volume Binance uses software from Chainalysis, called Chainalysis KYT [know your transaction], to monitor real-time transactions and identify transfers related to criminal activity. This is stated in a joint press release.

Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance's lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.

Jonathan Levin

Co-Founder and COO, Chainalysis

Thus, the use of software from Chainalysis not only guarantee compliance with the KYC- and AML-norms, but also simplify the process of opening bank accounts.

By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.

Wei Zhou

CFO, Binance

Chainalysis KYT release was held in April.