BurstCoin to undergo a Hard fork

The second hard fork by BurstCoin is scheduled for block 500,000 and will take place on June 14
29 May 2018   1330

BurstCoin's second hard fork will be executed on June 14. The first one took place in March. The activation block is set at 500,000 block. Official name of the upcoming hard fork is Pre-Dymaxion Hard Fork. Earlier, a FluxCapacitor was added to the code base to manage the activation of the features.

The hard fork is going to enable:

  • PoC2;
  • dynamic fees;
  • more transactions per block;
  • multi-out transactions

These changes will ensure the increase of on-chain transaction capacity and improve the overall scalability of the coin. In perspective, the new coin will be able to serve a market at least one order of magnitude bigger that it could before. At the moment of publication, BurstCoin parameters are as follows:

Average price 0.022740 USD
Market cap 44,185,524 USD
Volume (24H) 312,885 USD

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   70

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.