Digital Money Bits is swapping to a Masternode Coin

DMB will finalize the swap to a masternode coin on June 15
04 June 2018   1437

Final announcement by Digital Money Bits has stated the finish of the DMB Masternode swap on June 15. The ratio is set at 1:1. DMB-supporting exchanges will automatically swap their wallet. Octaex will disable the wallet on June 15: having automatically swapped DMB will resume. CoinExchange and Crex24 are going to do the same.

Users are advised to not send old DMB coins to masternode wallet - swap has to be finalized. The swap was started on May 15. Digital Money Bits is a Free Open-Source project derived from Bitcoin. It aims to provide a long-term, energy-efficient, scrypt-based cryptocurrency. The foundation of Bitcoin, PPCoin and NovaCoin allows the inclusion of PoS consensus mechanism.

At the moment of publication, DMB market indicators are as follows:

Average price 0.008293 USD
Market cap 707,937 USD
Volume (24H) 7,258 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   336

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.