Chilean Court to Order to Restore the Orionx Account

Chilean Court to Order to Restore the Orionx Account
16 July 2018   849

The fourth chamber of the Court of Appeal of Santiago, Chile, ordered the state Banco Estado to restore the account of the crypto exchange Orionx. This is reported by Bitcoin.com.

The court ruled that the decision to close the account was a violation of the right to equality before the law, prescribed in the Political Constitution of Chile (Article 19, paragraph 2).

According to local media, Banco Estado can not prove the involvement of Orionx in money laundering, and the closure of the account violated the terms of the contract.

In early April, Chilean banks Itau Corpbanca, Bank of Nova Scotia and Banco del Estado de Chile blocked the accounts of crypto exchanges Buda, Crypto MKT and Orionx.

Chilean court for the protection of free competition (TDLC) rejected the appeal of the country's largest banks and left the April decision to restore the accounts of Cryptomkt and Buda in effect for the duration of the investigation.

Binance to Change Launchpad IEO Rules

25 March 2019   4

Binance announced a change in the format of the next tokensale on the Launchpad platform to a lottery. At the same time, the number of lottery tickets per account will depend on the size of the steak in the BNB for 20 days before IEO.

Note that one account can get up to 5 lottery tickets. Winners will be selected by randomizer.

BNB Balance to Lottery Tickets Ratio
BNB Balance to Lottery Tickets Ratio

It is noteworthy that within 20 days before the lottery, the BNB-deposit snapshot will be carried out daily at 0:00 UTC to monitor the fulfillment of the conditions.

Each winning ticket will grant the right to purchase tokens for a fixed amount in BNB equivalent. As soon as the user informs the exchange that he is ready to use a certain number of tickets in case of their winnings, this obliges him to purchase tokens and the money will be debited automatically.

Binance acknowledged that the price of BNB may fluctuate due to daily snapshots, and its potential decline may not be covered by the benefit from the new token, and encouraged users to make informed decisions.

In addition, Changpeng Zhao urged the community to comment on the new format in a separate Twitter thread in order to make the necessary feedback-based changes, if needed.

During the Celer Network tokensale on the Launchpad platform again had bandwidth problems; many people did not manage to purchase tokens.