Metaverse to Implement Hard Fork due to Mainnet Attack

According to the team, attack was " large-scale and well coordinated"
16 March 2018   1088

The Metaverse reported today that on March 15 its main network underwent a long, large-scale and well-coordinated attacks aimed at changing the time stamps of the upcoming blocks.

To ensure the security of its own network, the project management decided to perform hard fork on the block 1030000, which will be released this Friday. The corrected version of the software will appear within 24 hours. All transactions made during this time period will be canceled.

Thus, the developer warns users against the transfer of ETP and any other tokens released on the blockchain of Metaverse, in the near future.

The new version of the software will include a fix that will successfully resist this type of attack in the future.

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.