BlockTrades introduces new steem power delegations

Users of BlockTrades are being allowed now to elongate the term of all borrowings, connected with cryptocurrency
01 December 2017   1357

Now, BlockTrades provide some reduction for 7 days due to it everyone will be able to elongate any new delegation. Such charity depends on the time decline within these 7 days because of Steem blockchain principles. In fact, when you get the elongation for 30 days, 20 % discount is guaranteed. It’s better than to purchase new delegation for the same period and overbuy.

Extend Delegation Page

How to extend the delegation on the account?

1. Just enter the password to your profile on BlockTrades.

2. Chose the slot which is called “Steem delegations” in menu list and there are all the available delegations you have.

3. Find the button “Extend” and click it if you want to prolong your delegation.

4. Then you’ll see the currency list, chose one you want to pay with.

5. Elect “Deposit Address” in order to receive all information about the payment variants.

6. Finally check if you’ve done everything right before pressing the button “send”. The delegation prolongation depends on the total sum you’ve donated. This deposit address will be saved for the following donation in order to extend the delegation on your account.

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.