ETC Team to Report on EAgharta Scam

The "project" appeared the day after the Agharta hardfork, so devs believe it may be from the people that were doing similar after Atlantis
14 January 2020   236

The Ethereum Classic (ETC) development team warns traders of a fraudulent EAgharta project trading non-existent Agharta coins on behalf of ETC. It appeared the day after the Agharta hard fork on the Ethereum Classic blockchain.

On January 12, Agharta hard fork was successfully activated on block 9 573 000 in order to improve the compatibility of the ETC network with Ethereum. In all likelihood, scammers decided to take advantage of this event and began to trade Agharta coins, hoping to confuse traders.

Representatives of the fraudulent EAgharta project posted a tweet on behalf of Ethereum Classic with a link to their website, where users are asked to enter and save a password to create a new wallet. As stated on a fake site, otherwise users cannot access the account, restore keys, reset passwords or cancel transactions.

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   295

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.