HempCoin Hard Fork Postponed

HempCoin has issued an announcement stating that THC will hard fork in the second quarter of 2018
21 March 2018   1953

HempCoin was among the first 30 currencies developed in 2014 and is a highly focused digital currency for the Agriculture/Farming Industry and Marijuana/Hemp Industry, built on the source of Bitcoin, its use includes the Marijuana dispensaries and the entire Agriculture/Farming trade business.

In February 2018 we have reported about the plans of HempCoin to implement the hard fork on February 23, but reportedly those plans were changed. HempCoin has published an announcement stating that THC will hard fork in the second quarter of 2018. The new THC token will be an anonymous coin and feature masternode capabilities.

Hempcoin hard fork updateHempCoin Hard Fork Update

The team of the project claimed that with the creation of HempPAY and the desire to not only remain competitive but lead the way in the crypto-cannabis sector, the only option is a fork with the outcome being a far superior THC token. The new HempCoin should not only become an upgrade from the current token, but the most technologically advanced coin in the cannabis field.

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

Average price: $0,055789 
Market cap: $12 858 226
24h volume: $113 118

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.