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   5758

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 Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

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.