Vertcoin rises significantly

VTC coin saw a decent price increase during last week
24 October 2017   3588

Vertcoin rose almost 100% during past 7 days reaching its peak on 22 October with the price of $4.60. At the moment of writing its price is $3.23 which is 50% higher than it was only 4 days ago. Why does the coin experience such a progress while most major currencies tend to drop?

One of the reasons is its integration with Ledger, announced by Vertcoin Development Team on October 19.This provides the opportunity to expose VTC to  BTC and other coins holders for the first time.

What is more, users decide to get involved with VTC because of the potential of Atomic swaps which can be carried out, and atomic swaps are useful when the coins are swapping between different currencies. For instance, Charlie Lee, the creator of Litecoin, gave a significant promotion to VTC, when he did the Atomic Swap with James Lovejoy, the lead developer of Vertcoin, and tweeted that it worked flawlessly.

Also, the developers work hard on making it Vertcoin ASIC-resistant, they built up a social contract with the community to hard fork the mining algorithm if ASICs or FPGAs are ever detected.

Thus, Vertcoin is a growing currency, secured by its users, focused on decentralization and developing rather rapidly.

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   233

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.