Einsteinium Hard Fork implemented

The hard fork of Einsteinium cryptocurrency aimed at the reduction of supply occured at 14:50 Central Time on December 10
10 December 2017   1949

Einsteinium is a cryptocurrency of Einsteinium Foundation, which has a mission to raise funds for scientific research and their mining tax creates a pool of funds that provide grants to deserving applicants.

Einsteinium EMC2 hard fork occured on block 1699157 at 14:50 Central Time on December 10. The hard fork is an updated code with a lower supply of 55 Mln burn. According to the EMC2 Hard Fork Countdown website, the hard fork was successfully implemented.

Einsteinium hard fork countdownEinsteinium Hard Fork Countdown

As it was stated on the official website of the coin, exchanges such as Poloniex, Bittrex and others support the EMC2 fork, and are now running new nodes (wallet version 0.13.48.0 - Excalibur). 

Einsteinium cryptocurrency itself has shown a skyrocketing tendency connected with the implementation of the hard fork having risen 166% within past 7 days moving to the 32 place in the list of cryptocurrencies ranked by market capitalisation. The price of the coin rose from $0,8 on December 5 to $1,8 on December 12, while the market capitalisation rose from $190 million to $430 million within past 7 days.

Einsteinium chartsEinsteinium Charts

At the moment of press, these are main market parameters of Einsteinium:

  • Average price: $1.91
  • Marketcap: $413 567 545
  • 24h volume: $131 707 000

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   316

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.