Blocknet Whitepaper to be Released

The first version of the Blocknet White Paper will reportedly be released on March 15, 2018
21 February 2018   798

The Blocknet is a revolutionary advancement in cryptographic technology: a peer-to-peer protocol between nodes on different blockchains. This is the foundation of a technology stack incorporating an API and an application platform, which enables open-ended application possibilities and vastly reduces development time. The Blocknet enables multi-blockchain services to be delivered to devices that only contain a single blockchain.

The official Blocknet Decentralized Exchange brand will be revealed on March 1, 2018, and the first version of the Blocknet White Paper will be released on March 15, 2018.

Moreover, the Blocknet team announced that the Blocknet wallet redesign will be revealed on April 1, 2018.

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

Average price: $36,29
Market cap: $182 320 342
24h volume: $375 358

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.