Tierion announced the start of a new node registration

Chainpoint node registration for Tierion will become online on April 5 with the process simplified and reward changes
29 March 2018   1385

Tierion is preparing for a major network update - node registration is to commence on April 5 at 10AM PST. As of the specifics, 500 additional nodes will be eligible to take part in the process with rewards staying at 1,500 TNT per reward period. The registration process also makes it mandatory to upgrade nodes prior to registering: the nodes should be of the version 1.3.7 to be able to get rewards.

Among the upcoming new features, the Chainpoint Node reward distribution will cease to be random and a reward queue is to be added. Network reliability thus will be increased and the reward distribution should get more homogeneous. The mechanics will be as follows:

  • Nodes that continually pass audits will advance in the queue.
  • Nodes that receive rewards will fall to the bottom of the queue.
  • Nodes that fail audits will fall back in the queue.

In March a test program was conducted in order to prepare for the releasing of network's new capabilities. As for the results of the program itself, tens on millions of Chainpoint proofs have been generated. Tierion team also release Chainpoint API so that anybody can create a Chainpoint proof.

At the moment of the publication, Tierion market parameters are as follows:

Average price: $0.085482

Market cap: $36,627,436

Volume (24H): $7,416,600

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   295

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.