Binance to Implement xRapid

At the moment, both companies only begun negotiaions, no details provided yet
08 February 2019   508

The head of Binance Changpeng Zhao said that his bitcoin exchange would “definitely” work with Ripple to integrate xRapid payment solution using XRP tokens. It is reported by Cointelegraph.

According to Zhao, so far the companies have only begun negotiations, the details of cooperation are being specified. At the same time, the main efforts of the exchange are aimed at launching Binance Chain and the decentralized exchange.

We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future we’ll definitely want to add them as a partner.
 

Changpeng Zhao

Head, Binance

In the context of xRapid, Ripple has already established cooperation with Bittrex, Bitso, Coins.ph, and Bitstamp. Trading platforms interact with financial institutions that convert national currencies to XRP. Exchange users can send these tokens to other countries, and then exchange them back for fiat currencies. The whole process takes a few minutes.

Thus, xRapid allows international companies to make transfers without having to open accounts all over the world.

Cryptopia to Provide New Info Regarding Compensations

The exchange isn't going to refund deposits, sent more than 24 hours after the security breach
25 March 2019   32

The New Zealand cryptocurrency exchange Cryptopia provided additional information regarding the procedure for paying compensation to users who suffered from a hacker attack in January.

According to today's announcement, users who have made deposits to their addresses more than 24 hours after the company reported the incident, that is, after 16/01/2019 12:00AM NZT , will not be able to claim payment in accordance with the previously announced plan.

The Exchange also draws attention to the fact that it currently does not have a specific deadline for returning assets to users to whom such payments are due. Cryptopia addresses are still not available for deposits, so users shouldn't try to transfer funds to them until further notice. After the renewal of deposits, clients of the exchange will need to regenerate the purse addresses for each of the supported cryptocurrencies.

As analysts noted, the funds withdrawal continued even after the official announcement and the start of a police investigation.