Bitcoin Silver: another Bitcoin fork is yet to come?

The Periodic Table is running out of names for newly emerging altcoins
25 October 2017   4200

At the same day when Bitcoin Gold fork appeared from the BTC Blockchain, the developers of Bitcoin Silver wrote on the Bitcointalk forum that they plan to make Bitcoin mining decentralized again. As they state, Bitcoin Silver will have a full replay protection to secure users’ coins from being spent by accident, a new proof-of-work algorithm, and the method of its distribution will be the same as was used by Bitcoin Cash, all BTC private keys holders will receive Bitcoin Silver on the rate of 1 BTC = 1 BTSI.

Considering current situation with a fall down of Bitcoin Gold and the fact that more and more cryptocurrency exchanges drop support for SegWit2x, it is difficult to say whether Bitcoin Silver will have any supporters and be actually implemented.

Meanwhile, Bitcointalk forum users do not take statement about Bitcoin Silver fork seriously, considering it a joke.

Bitcointalk users Bitcoin Silver comments
Bitcoin Silver forum users reaction

No technical details are available yet, but it is stated that Bitcoin Silver fork will occur in December.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   234

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.