Zen to release community protocol

The community release of the Zen Protocol, Malkuth is rolling out on June 30 to enable token transferability
14 June 2018   1048

The release of the Zen Protocol to the community - Malkuth, is going to allow all Zen Protocol Native tokens to be transferable at ease. The roll-out is set on June 30. Another feature will be the smart contracts activation that come with proven costs and full format verification support.

The initial mining algorithm will be SHA-3. The following update is going to include Multi-Hash-Mining. Import of the 24-word mnemonic phrase into the wallet is necessary in order to gain access to the tokens after the launch. As the Zen project approaches Genesis block inception, QA testing and audits are underway to ensure a stable and secure blockchain. Independent security researchers are welcome to review the codebase and give some feedback.

Zen Protocol is a decentralized financial system that gives clients control over their financial assets and acts as a trading floor, a broker and a tool for making new instruments. More information about the project is available here.

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   261

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.