Blockchain Wallet faced database error

The huge amount of users are facing the problem of using Blockchain Wallet not being able to log in and seeing Cluster Failure error
20 November 2017   2340

The members of the crypto community who hold their crypto assets in Blockchain Wallet had some problems while using the application, most of them tried to log in on a browser or iOs app and failed, and some users saw their balance showing zero and the account showing loading sign for a long time and not displaying any detalis. 

reddit.com users comments towards blockchain wallet errorReddi.com users comments towards Blockchain Wallet error

Some users stated that the application started to work but when it did, there appeared a message that the error happened and then the application force closed before the users had a chance to read the error message itself.

Blockchain Wallet error screenshotBlockchain Wallet error screenshot

The Blockchain company commented upon the issue stating that they are aware of the issue, which is an outage of Blockchain Wallet internal database, impacting the site and services, and are currently working to resolve it. The users were offered to monitor the status of the products and services on Blockchain Status page.

At present time Blockchain Wallet representatives claim that they do not have an ETA as to when the problem will be resolved.

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   282

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.