Stakenet to introduce a new generation of coin staking

Cryptocurrency staking initiative Stakenet is set to release the product on June 30 to bring innovation into the segment
06 June 2018   1361

The world's first trustless proof of staking coin, Stakenet is going to launch its platform on June 30. The key services of the platform are:

  • TPoS Marketplace;
  • Staking as a Service;
  • Multicurrency Wallet;
  • Pooled Masternodes

These features will ensure users staking 24/7 with multiple crypto currencies. Pooled masternodes will aid people with less knowledge in tech. StakeNet is aspired to create an environment that allows ease and secure staking via TPoS. It is also going to provide a blockchain with masternodes, lightning network, security algorithms, CCPoS, etc.

Currently the project is at Excalibur era of development that encompasses SegWit update, cold staking from Ledger Nano S and Lightning Update. At the moment of publication, StakeNet market characteristics are as follows:

Average price 0.559725 USD
Market cap 37,046,799 USD
Volume (24H) 287,843 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.