Electron Cash, Bitcoin Cash wallet released

Electron Cash is a hardfork of a Electrum Wallet, designed for Bitcoin Cash
31 July 2017   6924
Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

Electron Cash, new Bitcoin Cash wallet released on Monday, 31st of July. Electron Cash is a hardfork of popular Electrum wallet. This is reported by project's official Twitter.

Electron Cash gives you what you love about the popular Electrum Bitcoin wallet, but for Bitcoin Cash. Control your own private keys. Back up your wallet easily with a mnemonic seed phrase. SPV technology provides high security without having to download the blockchain or run a full node.
We have forked the Electrum code repository and added the necessary components for operation with Bitcoin Cash. Multisig and hardware add-ons are NOT supported at this time.
 

Electron Cash Team

Electrum's team studied the code base of Electron Cash and warned users, that it will copy all Electrum-wallets of a user in own directory. This will "cancel" the anonymity of binary files.

Developer's also noted that signer of Electron Cash binaries isn't a real person.

In addition, users are warned about the undesirability of using Electrum and Electron Cash on one machine. It is also recommended to withdraw funds from your Electrum-wallet before importing private keys into Electron Cash. 

Also, Electrum team released a recommendation on how to redeem Bitcoin Cash. 

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.
 

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.