Hyperspace prepares for a fork

Hyperspace Cloud Storage service is going to fork Sia code base on July 1 to introduce the Hyperspace Network to the public
20 June 2018   5363

The Hyperspace team is forking the Sia code base on July 1 and is going to distribute ~3.5B Space Cash to all Sia holders with a rate of 10 Siacoin to 1 Space Cash. The forking block is set at 161358 of Sia blockchain. Afterwards, the network itself is set to be launched around the first week of July with the release of Obelisk SC1.

Hyperspace Network

The Hyperspace network is a global storage marketplace powered by the Space Cash cryptocurrency. Hyperspace uses revolutionary blockchain technology to achieve 3 goals: a low cost of storage, fast transfer speeds, and private storage. The details are available here. At the moment of publication, Hyperspace marker value is as follows:

Average price 0.007771 USD
Market cap 181,184 USD
Volume (24H) 74 USD

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.