Ledger Nano S to Support Binance Coin

As reported, now the owners of Ledger Nano S will be able to access the Binance DEX exchange and keep private keys safe during the trading process
24 April 2019   786

The producer of the popular hardware wallets Ledger announced the addition of support for the Binance Coin (BNB) token to its Nano S device.

Now the owners of Ledger Nano S will be able to access the Binance DEX exchange and keep private keys safe during the trading process. After connecting the wallet to the exchange, BNB tokens can be used to exchange for various assets on the site.

In this case, the Ledger devices will support Binance Coin of the ERC-20 standard until the exchange announces the completion of the exchange of tokens based on Ethereum for the assets of its own blockchain.

Yesterday, April 23, Binance announced the successful migration of BNB tokens from Ethereum to its Binance Chain, while noting that the BNB tokens of the ERC-20 standard can still be credited to Binance - they are automatically converted into assets of the BEP2 network Binance Chain. On the same day, the launch of the decentralized Binance DEX exchange took place.

MAS May Allow BTC Derivatives to Approved Desks

The Singapore watchdog's initiative is related to interest in this type of assets of hedge funds and institutional investors
21 November 2019   87

Listing and turnover of cryptocurrency derivatives in Singapore may be allowed on regulated exchanges. This was stated by the country's Monetary Authority (MAS), writes Bloomberg.

The regulator's initiative is related to interest in this type of assets of hedge funds and institutional investors.

So far, according to the law of the country, payment tokens - these include bitcoin and ether - are not assets that can form the basis of regulated derivative financial instruments.

As reported, under the proposal, trading of derivatives on common cryptocurrencies such as Bitcoin and Ether will be subject to the Securities and Futures Act, the Monetary Authority of Singapore said Wednesday in a statement. The plans are in response to interest from hedge funds and asset managers that trade such products. 

Legal sites in Singapore include the Asia-Pacific Exchange, ICE Futures Singapore, the Singapore Derivative Exchange and the Singapore Stock Exchange.

The Central Bank hopes that this initiative will satisfy the need of large investors in managing their payment tokens under state control.

At the same time, MAS emphasized that derivatives of payment tokens are not a suitable financial instrument for retail investors due to high volatility.