Kyber Network is updating to v2.0

Kyber Network is preparing for the launch of v2.0 on June 8 with a special event in Singapore to celebrate the update
05 June 2018   1032

Kyber Network is rapidly advancing towards v2.0 scheduled to roll out on June 8. There will be a special event at JW Marriott in Singapore. Rebranding event is going to be accompanied with IEO launch ( a brand new service to facilitate ICOs for both businesses and end-users ).

The Kyber Network will feature the following:

  • an exchange;
  • a reserve support

for when there is a minimal ether balance on centralized exchanges;

  • redesigned user dashboard

it will reflect new KYC and IEO systems;

  • smart contracts
  • statistic server

to provide the most accurate and up-to-date statistical data

Kyber Network is a decentralized Ethereum-based solution that is committed to advancing the interchangeability and fluidity of digital asset conversion. At the moment of publication, Kyber Network market parameters are as follows:

Average price 1.42 USD
Market cap 190,341,004 USD
Volume (24H) 13,054,300 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   246

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.