DigitalNote is executing a Hard Fork

Anonymous and decentralized cryptocurrency DigitalNote is going to perform a Hard Fork on June 25 as a major network update
13 June 2018   1167

DigitalNote platform will undergo a Hard Fork on June 25 at the block 668,946. The latest wallet client will be available on the project's Github (v1.0.15-beta will support the fork). Major pools and exchanges have been notified in advance to make the transition as smooth as possible.

The main features of the fork are as follows:

  • PoW algorithm update to CryptoNightV1 to maintain ASIC-resistance;
  • difficulty adjustment algorithm updated to Zawy's LWMA to address hash and timestamp attacks;
  • operational seed nodes;
  • 2 minute block target;
  • Payment Gate bug fix

More details about the upgrade are available here. DigitalNote is a fork of Bytecoin and provides anonymous and untraceable transactions of the base protocol with encrypted messages and blockchain deposits. Price-wise, DigitalNote indicators are as follows:

Average price 0.007312 USD
Market cap 50,505,082 USD
Volume (24H) 1,713,530 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   259

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.