PacCoin Hard Fork Info Unveiled

PacCoin will undergo a hard fork on March 1, 2018 with the coins ratio of 1000:1 in order to increase coin value
22 February 2018   5093

PAC is a community driven successor to Bitcoin, incorporating various improvements such as a two-tier incentivized network, known as the Masternode network. The major aim of PAC is to become the most efficient and user-friendly cryptocurrency that is available globally.

At the beginning of January 2018, PacCoin has announced important dates for the community in its official Twitter account. The coin will undergo a hard fork on March 1, 2018.

PacCoin announcements in twitterPaCoin Twitter Announcements

The coins will be burnt in the way that the ratio would be 1000:1 so that the value of one PAC coin would be higher ($1 would be 0.001 PAC rather than 10,000 PAC).

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

Average price: $0,000026
Market cap: $65 553 020
24h volume: $169 506

Binance to Partner with Chainalysis for AML

Use of Chainalysis KYT solution will allow to compile with KYC- and AML-norms and also simplify the process of opening bank accounts
18 October 2018   74

The largest exchange by daily trading volume Binance uses software from Chainalysis, called Chainalysis KYT [know your transaction], to monitor real-time transactions and identify transfers related to criminal activity. This is stated in a joint press release.

Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance's lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.

Jonathan Levin

Co-Founder and COO, Chainalysis

Thus, the use of software from Chainalysis not only guarantee compliance with the KYC- and AML-norms, but also simplify the process of opening bank accounts.

By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.

Wei Zhou

CFO, Binance

Chainalysis KYT release was held in April.