Groestlcoin to Issue New Wallet and Development Updates

Groestlcoin makes major development release every 3 months, and the newest update is due to occur on March 22, 2018
14 March 2018   696

Groestlcoin is a cryptocurrency which was launched on March 22, 2014 with a focus on technological advancement. Groestlcoin is SEGWIT and Lightning Network ready, and aims to be a fast and secure coin with almost zero fees, that is privacy oriented.

Groestlcoin makes major development release every 3 months, and the newest update is due to occur on March 22, 2018. Generally speaking, March 22 is going to a great day for Groestlcoin cryptocurrency as it is marked by the coin's 4th anniversary.

Groestlcoin development update release countdownGroestlcoin development release countdown at the moment of press

Due to that, several major events are planned for March 22:

  • Development release
  • Community release
  • 3rd party wallet
  • New exchanges

Moreover, in order to mark the anniversary, Groestlcoin will be giving away 400 GRS to 1 lucky winner and 40 GRS to another 10 community members, so 800 GRS in total will be distributed.

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

Average price: $0,595958
Marketcap: $41 490 166
24h volume: $4 280 310

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   86

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.