Binance to Lower Fees on DEX Testnet

Now the cost of issuing an asset is 1,000 BNB, and its 2,000 BNB for the listing
27 February 2019   403

This Tuesday Binance announced that the proposal to reduce fees for the functions of “release” and “listing” assets on its test decentralized trading platform was supported by all network validators and accepted.

Now the cost of issuing an asset is 1,000 BNB, and its 2,000 BNB for the listing. Since each individual user is allowed to register up to 20 addresses in order to receive 200 BNBs in a test network for each of them, one account on the main exchange will now be enough to accumulate a sufficient number of tokens and perform the indicated actions independently.

To release assets, users should resort to using the Binance Chain command line interface, where using the commands they can set parameters such as the name of the token, the amount of emission, the possibility of additional emission, as well as burn and freeze the tokens. To list the issued asset, the user must enter the appropriate command and specify the counter currency, then make a deposit of the required size and wait for the approval of the proposal by the validators.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   83

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.